This is an internationally-recognised qualification, based on practical, real world accounting knowledge and is recognised and respected by employers. The AAT qualification provides students with excellent and secure career prospects for both employment and self-employment.
This AAT course is perfect for those who have completed AAT level 2, or those already at a more intermediate level and looking to develop existing accounting skills such as administrative and management processes relevant to finance officer roles, including preparing final accounts for small businesses; cost accounting recording; preparing reports and returns.
It introduces more complex accounting tasks including, but not restricted to:
Accounts preparation: after completing this unit, students will have an understanding of the accounting principles and concepts underlying all financial accounting. They will also understand the nature and importance of the different categories of accounts and how the books and records relate to each other.
Prepare final accounts for sole traders and partnerships: students will develop accounting skills in restructuring accounting information from incomplete records and preparing financial statements for sole traders. Students will be able to use different techniques to restructure accounts to find missing information and understand the significance and limitations of the trial balance. Students will also become familiar with the statement of financial position and statement of profit or loss.
Costs and revenues: students will develop an understanding of how costs are handled in organisations, and why different organisations treat costs in different ways. Students will be able to recognise different approaches to cost accounting and make informed judgements.
Indirect tax: students will learn about VAT regulations and complete VAT returns accurately and in a timely manner, as well as understanding VAT penalties and make adjustments for previous errors.
Spreadsheets software: students will use a spreadsheet to enter, edit and organise numerical and other data. Select and use appropriate formulas and data analysis tools and techniques to meet requirements. Use tools and techniques to present, and format and publish spreadsheet information.
Professional ethics: students will learn the principles of ethical working and understand ethical behaviour when working with internal and external customers, including when and how to take appropriate action following suspected breaches of ethical codes.
Normally students should have completed their AAT Level 2 Certificate in Accounting. However, direct entry applications can be considered from learners who have studied accountancy before and/or those who can demonstrate a good grasp of basic double entry concepts. All direct entry applications will normally be subject to an informal entry assessment. Mature students and students with substantial experience in accounting are welcome to apply.
Working in an accounting environment is an advantage but not a requirement. Confident in using computerised spreadsheets is also an advantage. Learners should be organised and accurate in their work
AAT Level 3 - Diploma in Accounting
There are six computer-based examinations to be taken. These exams are sat at the end of each module. Please note exams are set to run during the day, not in the evening, therefore learners may need to make arrangements to attend these. You will need to successfully complete all units in order to gain certification.
Approximately five to six hours a week of independent study by way of homework is an essential and integral part of this course. You will also need to allow time for exam preparation.
Employment in a related area is not necessary but learner would benefit from working in, or having access to, an accounts department
Progression to AAT Level 4 - Diploma in Accounting. Progression may be in careers in accounting and finance in a variety of industrial and commercial settings.
Fees and Additional Costs
An annual membership fee is paid direct to AAT. These fees are set by the AAT and are subject to yearly changes without notice. Students are also be expected to pay exam fees and resit fees, if required. Students are also expected to buy course books/materials. Learners will also be expected to pay for any resit examinations.
A minimum of 90% attendance is compulsory for this course.