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AAT level 2 unit BCST core topics - 2013 syllabus

Basic Costing

The exam consists of 17 tasks and it's 2 hours long:

  • Task 1: Costing and accounting systems (management acc/financial acc)
  • Task 2: Classification of cost by element (materials, labour, expenses)/nature( direct, indirect)
  • Task 3: Classification of cost by function (COS, distribution costs, admin costs))/behaviour(variable, fixed, stepped, semi-variable)
  • Task 4: Cost coding – numeric coding system
  • Task 5: Cost coding – alpha numeric coding system
  • Task 6: Classification of fixed, variable and semi variable costs
  • Task 7: Classification of overheads (indirect expenses), Calculation of product cost
  • Task 8: Manufacturing account – raw material, WIP, finished goods
  • Task 9: Identify inventory valuation – FIFO, LIFO and AVCO
  • Task 10: Calculate inventory valuations and issues – FIFO, LIFO and AVCO
  • Task 11: Calculation of pay – time rate, overtime
  • Task 12: Calculation of pay – piecework
  • Task 13: Calculation of pay – bonuses
  • Task 14: Spreadsheet exercise - income and expenditure, formatting
  • Task 15: Using spreadsheets to present info and facilitate internal reporting – true/false task
  • Task 16: Spreadsheet exercise - budget and actual data
  • Task 17: Spreadsheet exercise - formatting, identifying variances

What to look out for in the exam

Spreadsheet tasks

You must be able to use spreadsheets to provide information on actual and budgeted income and expenditure. You will be asked to enter income and expenditure into a spreadsheet which will include formatting the spreadsheet using headers and entering data into tabular format. You will need to be able to make comparisons to identify basic variances and recognise whether they are adverse or favourable. The use of simple formulae may also be tested (add, subtract, multiply, divide).

Formatting will include completion of headings and totals. You may also have to reorganise data using functions such as ascending, descending, auto sum, average or express as %

To give you the best chance of passing, we recommend that you join a Kaplan course. There are various options available: Classroom, Live Online, and Distance Learning. Alternatively, you could purchase separate Kaplan Publishing study text and or revision kit.