AAT, the Association of Accounting Technicians, is the UK’s leading qualification and membership body for vocational accountants. Theywork across the globe with around 125,000 members in more than 90 countries.

The AAT Level 2 Diploma in Accounting and Business qualification offers an entry route to the full AAT Accounting qualification.  The qualification offers technical training in accounting and provides specialist knowledge and skills to gain employment in an accounting role and/or the opportunity to progress to further qualification in accountancy or a related field

The purpose of this qualification is to provide students with the skills, competence knowledge and understanding to effectively fulfil various junior finance roles in almost any type of industry and organisation both large and small.

On successful completion of this qualification, you will be eligible for progression on to Accounting & Financial Services Level 3. 
The Level 2 Diploma in Accounting and Business is made up of ten mandatory units.

1. Processing bookkeeping transactions:
• Understanding double-entry bookkeeping, books of prime entry and describing coding system functions
• Preparing and processing customer and supplier invoices and credit notes

2. Control accounts, journals and the banking system:
• Understanding the purpose and use of control accounts and journals
• Maintaining control accounts and the journal

3. Basic costing:
• Understanding an organisation’s cost recording system
• Using spreadsheets to convey information on actual and budgeted income and expenditure

4. Work effectively in accounting and finance:
• Understanding an organisation’s accounting or payroll function
• Understanding ethical values, principles and importance of confidentiality

5. Using Accounting Software
• Entering data at the start of an accounting period to set up customer and supplier accounts
• Recording and processing customer and supplier transactions

6. Applied business communications and personal skills:
•Understanding how to communicate in the business environment
•Applying effective communication and personal skills in the business environment

7. Spreadsheet software:
• Entering, editing and organising numerical and other data
• Selecting and using appropriate formulas and data analysis tools to meet requirements

8. Developing study skills:
• Understanding how to develop personal learning skills
• Planning, managing and producing work

9. Introduction to payroll systems:
• Using the recognised procedures for payroll systems
• Knowing how to ascertain gross pay and calculate net pay
The qualification is assessed by a mixture of computer based tests and projects.

In addition, to these formal assessments, you will complete a variety of progress assessments both in class and using the Virtual Learning Environment

All full time students at Oldham College will have at least one week’s work experience placement.

The work experience programme will allow you to gain valuable experience and skills to enhance your CV and UCAS statement. 

This qualification offers a progression route to the AAT Diploma in Accounting Level 3.

In addition, more than 30 UK universities and higher education institutes offer exemptions to AAT qualified students enrolling on accounting and finance-related degrees. 

Level 3 – 4 x GCSE grades A-C or level 4-9 ( including English and Maths)

Explanation of entry requirements
Accounting and Financial Services Level 3
Accounting and Financial Services Level 3 (fast-track)
Finance Academy Level 3 
The course is free for 16 – 18 yr old students resident in the UK
For 19ys + and overseas students there will be a charge (cost to be confirmed).

 All students will need to bring their own resources: calculator, pens, pencils, and other stationary, and purchase relevant textbooks (approximately, £50)

Study Programme


All students at Oldham College will participate in a personalised study programme that will maximise your potential and enable you to progress onto employment, apprenticeships or higher education.

This means you will:

  • Study a core qualification in a vocational discipline and continue to develop your English and Maths skills through functional skills, GCSE resits and the option of Level 3 qualifications
  • Participate in meaningful work experience
  • Enjoy a range of enrichment opportunities e.g. basketball, archery, skiing and sign language
  • Take part in dedicated tutorial sessions to review your progress and development