Accounting - AAT Level 3 Advanced Diploma

The AAT Level 3 Advanced Diploma for Accounting is a course that develops the knowledge and skills acquired on the AAT Level 2 Certificate for Accounting.

Course Content

All units within this qualification are mandatory. Four units are assessed individually in end of unit assessments and sat towards the end of the
qualification, which draws on and assesses knowledge and understanding from across the qualification:
Financial Accounting: Preparing Financial Statements
It develops Level 2 foundation skills, incorporating advanced bookkeeping and managing records for non-current assets, in preparation for producing final
accounts for unincorporated organisations. You will prepare final accounts for sole traders and partnerships, and becoming aware of alternative business
organisation structures.
Management Accounting Techniques
Management Accounting: Costing provides you with the knowledge and skills needed to understand the role of cost and management accounting in an
organisation, and how organisations use such information to aid management decision making.
Tax Processes for Businesses
This unit is about indirect tax, specifically the sales tax that is referred to in the UK and throughout this unit as value added tax, or VAT.
Business Awareness
This unit provides students with an understanding of the business, its environment and the influence that this has on an organisation?s structure, the role
of its accounting function and its performance. Students will examine the purposes and types of businesses that exist, and the rights and
responsibilities of key stakeholders. Students will learn what the micro- and macro-economic environments are and the impact and influence that
changes in these environments can have on performance and decisions

Entry Requirements

To be eligible for this course you must be 19 or over on 31st August prior to the course start date.

You must have completed the AAT Level 2 Certificate in Accounting
You will also need to show competency in English and Maths, if you have not achieved GCSE mathematics and English at grade C or equivalent.
You must be able to use Word and Excel. Applicants are required to complete an IT test during interview.

First Class Requirements

Paper, pen and calculator

Assessment Methods

All assessments in this qualification:
are set and marked by AAT
are computer based
are time limited

All units within this qualification are mandatory. Four units are assessed individually in end of unit assessments: Business Awareness, Financial
Accounting: Preparing Financial Statements, Management Accounting Techniques and Tax Processes for Businesses.
The AAT Advanced Diploma in Accounting will be awarded a grade based on performance across the qualification. Unit assessments and synoptic
assessments are not individually graded. These assessments are given a mark that is used in calculating the overall grade.

Further Study Options

This qualification provides a firm basis for progression to further learning/qualifications and to employment. Learners achieving this qualification will be able to progress to the Accounting AAT Level 4 Professional Diploma. This qualification is valued by employers and thus its achievement allows progression into employment in accounting roles.

Skills developed and honed through this qualification can lead to employment as:
an accounts assistant
an accounts payable and expenses supervisor
an accounts payable clerk
an assistant accountant
an audit trainee
a corporate recovery analyst
a credit controller
a finance assistant
a finance officer
an indirect tax manager
an insolvency executive
a payroll supervisor
a professional bookkeeper
a senior bookkeeper
a tax assistant.

The typical responsibilities of the accounts assistant include:
balancing accounts
processing receipts, sales invoices and payments
maintaining financial records that accurately record incoming and outgoing finances
completing VAT return forms
working with spreadsheets, sales and purchase ledgers and journals
ensuring that accounts are accurately monitored and recorded
dealing with a companys payroll by processing wages and employee expense claims
preparing profit and loss accounts sheets
preparing balance sheets
client engagement, sending out starter packs to clients and/or answering enquiries
processing company's own accounts (in an accountancy firm)
other administrative duties, which include general office administration such as processing office post, answering the phone, minuting meetings, photocopying and filing.

Additional Information

You will have to register with AAT; the registration fee will be £155 and will give you a one-year membership.
Exam fees are included in the fees; however, if you are required to resit a paper you will be charged an additional fee.
You will be required to purchase AAT textbooks and question bank. Your tutor will advise you on this on the first day of class