New to Level 2 AAT

loren1210

Hello,

I'll be starting my Level 2 AAT Apprenticeship in the next couple of weeks - I was just wondering if anyone had any advice/tips for the course?

Also, I was considering doing a SAGE course alongside my Level 2 AAT - would anyone recommend this?

Thank you

anony123

I would recommend looking at the double entry because it is hard at first.

Just remember debit is in and credit is out.

D
E
A
D

C
L
I
C

D is debit
E is expense
A is asset
D is drawings

C is capital
L is liability
I is income
C is capital

When either of these increase ie. the asset increases then it stays as a debit however when either the DEAD decreases it turns into a credit. The same with CLIC when they increase it stays as a credit however if it decreases it changes to a debit.

In level 2 it is basically

Purchases

Dr purchases
Dr Vat
CR PLCA/cash

Sales
CR income
CR vat
Dr asset

Remember each debit and credit must equal the same. ie dr 50 cr 50

We go into this in more detail in level 3 but just try to get the basics first. Level 2 seems ages ago now for me

anony123

The maths is simple
Net /5 for vat
Gross /6 for vat
Net plus VAT comes to gross

Hmmm…

I think that is all the help I can give ohhh look at the FIFO, LIFO AND AVCO first in first out last in first out and weighted average.

The synoptic is the hard bit which combines most of the stuff into one paper.

anony123

If u need anymore help I’m here.

There are five exams, will there was I don’t know if the syallbus had changes

Bookeeping transactions
Elements of costing
Sage
Bookeeping controls
Synoptic

I would also recommend, from my point of view, do not get the exam remarked. Cause the computers mark the answers, but the written parts you may want to get remarked if you are 1% or max 2% out as AAT have a very strict marking policy. I think they have like 3 people that they go to before the mark is released.

You may also learn PEARLS for the bookeeping… purchases expenses assets
Revenue liability sales

anony123

I hope this is enough information to set you on the way.

anony123

SAGE we did in class…..
if your memory is good you will find this simple.

anony123

Also, if you need help for the exam you are studying. Just enter on YT first intuition and then the exam name. They give you an explanation plus there are questions afterwards to test your knowledge.

Sabbiem

I did my last exam for L2 on 26/08 with BPP and am waiting for my results! There are 4 units & 4 exams. We didn’t cover sage at this level so I don’t think it’s a necessity just yet but it doesn’t hurt to explore the system a bit. There was a section in one of the units (principles of costing I think) on Excel but it was very very basic. My wonderful teacher taught me a couple of things in the Introduction To Bookkeeping unit and that is you DRive on the left and CRash on the right! And she told us to remember that a credit is cash out! DEAD CLIC is also super helpful to learn!

anony123

Well it would be DR the asset and CR the bank.

Cause the bank is going down and it automatically changes to a credit. And the asset increases as you are getting money.

Tbh my teachers were ok.

anony123

Wdym DRive and CRash?

anony123

Ohhh you just did the synoptic right. How did u find it?

Sabbiem

> @anony123 said:
> Wdym DRive and CRash?

In the UK we drive on the left and crash on the right; so debits go on the left and credits go on the right. Just something small that helped me remember! The L2 synoptic was fine, still waiting for my results though, it’s been 12 long days though ?

anony123

Ohhh that doesn’t help me.

Best of luck for your results.

mercury

Hey Loren1210, I am starting the AAT Level 2, and maybe we could start a student chat together to study together and ask questions if we have any?

anony123

mercury i have done level 2 and 3 so if u need help im here

Sabbiem

> @anony123 said:
> Ohhh that doesn’t help me.
>


Okay? It wasn’t meant to help you? I was answering loren1210’s post with tips that I found helpful? And allegedly you’ve done L2 and L3 so it’s not relevant to you anyway?

anony123

Ohhh I see my mistake

anony123

@Sabbiem

Why have you used the word allegedly? If you are trying to imply that I may not have achieved a merit in both levels then you are incorrect.

AAT_Team

Let's take a deep breath and move on, shall we?

@anony123 @Sabbiem

anony123

?

anony123

I don’t know what he was trying to get from me, I don’t like fights. Let’s move on.

anony123

I don’t want an argument AAT team, but I would like to know what he says. I will leave it on my behalf.