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AAT Level 2 – Elements of Costings – Module 3/5


SKU: 4060 Category:


Elements of Costing

The purpose of this unit is to give students a basic introduction to costing. Students will understand the importance of the costing system as a source of information for internal management decision making. This unit covers the nature of cost and how it is used in a costing system. Students will understand the different classifications of cost and how they can be used for internal management decision making. As well as classifying costs, students will code transactions and build up a unit cost for a product or service, using a range of techniques to cost material, labour and overheads. Students will also engage with the budgetary control system by comparing actual costs with budgeted costs and they will determine variances, noting whether they are adverse or favourable.

Learning Outcomes:

  1. Understand the cost recording system within an organisation
  2. Use cost recording techniques
  3. Provide information on actual and budgeted costs and income

Additional information

Type of Course

classroom, webinair, online


The AAT Accounting qualification provides the perfect pathway to a successful career in finance and accountancy. We are one of the UK’s leading AAT providers and offer students a unique mix of practical expertise with vital theoretical teaching. Whether you’re a school-leaver, re-training or returning to work, our courses offer the ideal route into accountancy.

Sepera College, 28-29 The Broadway, no:1 Ealing Broadway, London, W5 2NP

+44 (0) 203 865 7964

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