AAT Level 2, Level 3 and Level 4 Accounting

Course codes: AAT037 / AAT039

Take the steps towards becoming a fully-fledged accountant from the comfort of your own home!

This course:

Fully accredited AAT Level 2 Certificate, Level 3 Diploma and Level 4 Professional Diploma in Accounting.
Cover the basics of accounting through to high level skills needed for the workplace.
Maximise employment opportunities with fundamental accountancy skills.
Opens up jobs in auditing, tax, finance and accounting.
Successful students can apply for full AAT membership and achieve professional MAAT status.
Add on exams and fully complete qualification.

Course Options	Please choose a course option to see prices	Course Material + Exams Course Material
Study Options	This course is only available as a study pack.
Payment Options	Pay Upfront Pay Monthly Pay Monthly is not available in your currency.

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The AAT Level 2 Certificate, Level 3 Diploma and Level 4 Professional Diploma in Accounting introduces you to a wide range of accountancy principles, techniques and skills. These AAT qualifications can be studied from home, making it even easier for you to begin your accountancy career.

This course will allow you to study for one of the most widely known and respected accountancy qualifications in the UK and abroad. AAT qualifications are recognised internationally and by all UK chartered and certified accountancy bodies.

Course Duration

Up to three years.

Course Outcome

You will receive an AAT Foundation Certificate in Accounting Level 2, an AAT Advanced Diploma in Accounting Level 3 and an AAT Professional Diploma in Accounting Level 4.

Entry Requirements

There are no specific entry requirements for this course.

Assessment

Tutor-marked assignments, computer-based assessments and computer based synoptic assessments.

AAT Advanced Diploma in Accounting Level 3

Understanding accepted principles of accounting and double-entry bookkeeping
Understanding accounting methods of recording non-current assets
Accounting for purchase of non-current assets
Accounting for depreciation and adjustments
Accounting for disposal of non-current assets
Preparing and extending the trial balance

Understanding the process involved in preparing final accounts
Preparing accounting records from incomplete information
Producing final accounts for sole traders
Understanding partnerships’ legislative and accounting requirements
Preparing a statement of profit or loss appropriation account
Preparing a financial position statement relating to a partnership

Understanding an organisation’s costing systems
Recording and analysing cost information
Apportioning costs to organisational requirements
Analysing budget deviations and reporting these to management
Using information gathered from costing systems to assist decision making

Understanding VAT regulations
Completing VAT returns accurately and on time
Understanding VAT penalties and adjust for previous errors
Communicating VAT information

Understanding principles of ethical working
Understanding ethical behaviour when working with internal and external customers
Understanding when and how to take appropriate action following suspected ethical codes breaches
Understanding the ethical responsibility of finance professionals in promoting sustainability

Using a spreadsheet to enter, edit and organise numerical and other data
Selecting and using appropriate formulas and data analysis tools and techniques
Presenting, formatting and publishing spreadsheet information

AAT Foundation Certificate in Accounting Level 2

Understand financial transactions within a bookkeeping system
Processing customer transactions
Processing supplier transactions
Processing receipts and payments
Processing transactions through the ledgers to the trial balance

Understanding payment methods
Understanding controls in a bookkeeping system
Using control accounts
Using the journal
Reconciling a bank statement with the cash book

Understanding an organisation’s finance function
Using numeracy, literacy and communication skills
Working independently or in a team to prioritise tasks and manage colleagues’ responsibilities
Understanding ethical values, principles and importance of confidentiality
Understanding and explaining benefits to organisations of sustainable values

Recording and processing customer and supplier transactions
Recording and reconciling bank and cash transactions
Processing and using journals to enter accounting transactions
Production of reports for customer and suppliers
Production of a trial balance and general ledger reports

AAT Level 4 Professional Diploma in Accounting

Prepare forecasts of income and expenditure
Prepare budgets
Demonstrate how budgeting can improve organisational performance
Report budgetary information to management in a clear and appropriate format

Prepare forecasts of income and expenditure
Prepare budgets
Demonstrate how budgeting can improve organisational performance
Report budgetary information to management in a clear and appropriate format

The reporting frameworks and ethical principles that underpin financial reporting
Key features of a published set of financial statements
Statutory financial statements for a limited company
Consolidated financial statements
Interpret financial statements using ratio analysis

The role and responsibilities of the accounting function within an organisation
Internal control systems
Evaluate an organisation’s accounting system and underpinning procedures
Recommendations made to improve an organisation’s accounting system

Complete tax returns for sole traders and partnerships and prepare supporting tax computations
Complete tax returns for limited companies and prepare supporting tax computations
Provide advice on the UK’s tax regime and its impact on sole traders, partnerships and limited companies
Advise business clients on tax reliefs, and their responsibilities and their agent’s responsibilities in reporting taxation to HMRC
Prepare tax computations for the sale of capital assets

Analyse the theories, principles and rules that underpin taxation systems
Calculate a UK taxpayer’s total income
Calculate income tax and National Insurance (NI) contributions payable by a UK taxpayer
Account for capital gains tax
Discuss the basics of inheritance tax

Understanding the principles of auditing
Importance of professional ethics
The audited entity's system of internal control
Audit procedures for obtaining audit evidence
The planning process
Audit procedures

Use statistical techniques and financial information to prepare forecasts of cash receipts and payments
Prepare cash budgets and monitor cash flows within the organisation
The principles of cash management within the context of regulation and government monetary policies
Ways of raising finance in accordance with organisational requirements
Ways of investing surplus funds within organisational policies

Analyse relevant legislation and contract law that has an impact on the credit control environment
Critically analyse information from a variety of sources to assess credit risk and grant credit in compliance with organisational policies and procedures
Evaluate a range of techniques to collect debts
Critically evaluate credit control in line with organisational policies and procedures
Present advice and recommendations to management on the credit control system

Assessment

During this course, you will complete a number of tutor-marked assignments in preparation for your exams.

To achieve the Foundation Certificate in Accounting Level 2, you will need to sit four computer-based assessments and one computer-based synoptic assessment. These are sat under controlled conditions at an external exam centre.

To achieve the Professional Diploma in Accounting Level 4, you will need to sit four computer-based assessments and one computer-based synoptic assessment. These are sat under controlled conditions at an external exam centre.

All computer-based assessments are available on-demand throughout the year, while the computer-based synoptic assessments are available on set dates throughout the year.

Exams can be included in the cost of this course. If you choose to add your assessments and book through us, they will take place at a centre in either Birmingham or Irthlingborough, near Northampton. When choosing to add your assessments to your booking, it is important to note that we are only able to book your assessments at the specified centres in either Birmingham or Irthlingborough, therefore, you must be prepared to travel to the centre to complete your assessment.

Alternatively, if you don’t add your assessments onto your course, you will have to book and pay for these separately.

Study Method

Once you enrol, you will receive all course materials by post and a link by email to download your free Sage software. You will receive full tutor support for three years.

Course Duration

You will have up to three years to complete your courses from the date of enrolment. This is enough time for you to work at your own pace.

Course Outcome

You will receive an AAT Foundation Certificate in Accounting Level 2, an AAT Advanced Diploma in Accounting Level 3 and an AAT Professional Diploma in Accounting Level 4.

Awarding Body

The Association of Accounting Technicians (AAT) has been established for over 30 years and is a leading membership organisation for over 120,000 accounting professionals.

You must be 16 years old in order to enrol onto this course, as well as have basic mathematical skills and IT literacy. The software is provided as a download so you will need to ensure that your computer has an internet connection.

Dedicated personal tutor support.
Dedicated student support.
Assignment marking and feedback.
FREE Sage 50 Accounts software.
FREE CV critique service.
FREE employability guide to help you impress future employers.
FREE XO Student Discounts membership.
Comprehensive study guide.
Open Study College pen and highlighter.
Student study planner.
Student notebook.
Document wallet.

The Sage 50 software will only work on computers which run Windows 7 or higher. Sage software will not run on Windows XP or on any Apple Macintosh computer. The software is available as a download only – you must have an internet connection and the ability to save the software to your device.

To sit your exams, you must join AAT as a student member, which will then give you access to their resources. It is your own responsibility to pay for your student membership payable to AAT.

If you didn’t include your exams, you will also need to pay for your exams, these fees will be paid directly to the exam centre.

More information on fees can be found on the AAT website.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Student Support Team can provide you with a new set of materials for a one-time additional fee.