AAT Level 2, Level 3 and Level 4 Accounting

Course code: AAT037
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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.
This course is only available as a study pack.
Course Overview

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 3 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.

Course Content

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
  • Understand an organisation’s cost recording system
  • Using a cost recording system to record or extract data
  • 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 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 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
Extra Info

Assessment

During this course you will complete a number of Tutor Marked Assignments in preparation for your exams.

To achieve the Foundation Certificate in Bookkeeping 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 compute- 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 synoptics assessments are available at set dates throughout the year.

Exams are not included in the cost of this course. You will need to book your exams directly with the exam centre.

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 3 years.

Course Duration

You will have up to 3 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.

Q&As

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 writing service
  • FREE employability guide to help you impress future employers
  • FREE TOTUM card (formerly NUS)
  • 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 and exam fees, which are both payable to AAT.

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. [external link to https://www.aat.org.uk/membership/aat-student-membership]

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.

That's not a problem. We want to make sure you’re 100% confident about enrolling on the course and starting your study. So, just give our Student Adviser Team a call on 03300 563 100 and they’ll do their best to help.

Enrol now

If you are interested in and you’re looking for a more flexible approach to learning that fits around your life - this is the ideal course for you. Enrol online today by clicking below or speak to one of our advisers for more information.

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