AAT

Extended Advanced Diploma in Accounting Level 2 & 3

What can an AAT Accountant do?

Many financial directors and managers of accountancy departments are AAT Accountants. Becoming an AAT Accountant will open every accountancy career opportunity. Other well paid accountancy roles open to AAT studiers and AAT Accountant are senior accounts assistant, assistant accountant, credit controller, banking or specialist in accountancy software development.

Points to Help You Choose:

  • If you are planning to work for an employer, the full accounting route will allow you to go further and create more long term opportunities.
  • If you are beginning your accounting career, employers will offer equal entry level employability to both the Bookkeeping and Full Accounting qualifications.
  • Long term, there will be more opportunities available to students studying the accounting route.

Extended Advanced Diploma in Accounting Programme:

This qualification combines the Certificate in Bookkeeping level 2 with the Advanced Diploma in Accounting level 3. The combination course includes a fast track option at level 2. The fast track course contains all of the necessary knowledge students require to progress on successfully to the full Advanced Diploma in Accounting level 3

Fast-track level 2 (AAT Certificate in Bookkeeping level 2)

BOOKKEEPING TRANSACTIONS

This unit introduces students to the double entry bookkeeping system and the associated documents and processes. Students will reach the stage of extracting an initial trial balance, before any adjustments are made.

Learning outcomes

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

BOOKKEEPING CONTROLS

This unit covers more complex Foundation level bookkeeping procedures, which will enable students to develop their understanding of the relationship between the various accounting records and consolidate their knowledge of double entry bookkeeping.

Students will develop the ability to prepare the sales and purchases ledger control accounts, including reconciliation with the sales and purchases ledgers.

Learning outcomes

  • Understand payment methods.
  • Understand controls in a bookkeeping system.
  • Use control accounts.
  • Use the journal.
  • Reconcile a bank statement with the cash book.

Advanced Diploma in Accounting level 3

The level 3 qualification offers progression for those who already have accounting knowledge at Foundation level, either to secure an accounting role or go on to further study. It covers areas like advanced double entry bookkeeping, financial statements, management accounting and indirect taxation.

ADVANCED BOOKKEEPING

This unit is the first of two Advanced financial accounting units. It develops Foundation skills, incorporating advanced bookkeeping and managing records for non current assets, in preparation for producing final accounts for unincorporated organisations.

The purpose of this unit is to build on skills and knowledge learned in the Foundation level accounting units and to develop bookkeeping skills, taken to an initial trial balance. This is valuable progress for the student, both in terms of moving towards preparing final accounts and also in terms of offering employers more technical skills at this stage. The bookkeeping skills that students have acquired at an earlier stage will be reinforced and developed.

Learning outcomes

  • Apply the principles of advanced double entry bookkeeping.
  • Implement procedures for the acquisition and disposal of non current assets.
  • Prepare and record depreciation calculations.
  • Record period end adjustments.
  • Produce and extend the trial balance.

FINAL ACCOUNTS PREPARATION

This Advanced level unit is about preparing final accounts for sole traders and partnerships, and helping students to become aware of alternative business organisation structures. This purpose is to provide the background know ledge and skills that a student needs to be capable of drafting accounts for sole traders and partnerships, and it provides the background knowledge of the regulations governing company accounts.

FINAL ACCOUNTS PREPARATION CONT.-

A successful student will be able to complete tasks while being aware of potential ethical issues and know how to report information effectively. The student should become an accomplished member of the accounting team who is able to work with little supervision and who can see a financial picture of the organisation as a whole.

Learning outcomes

  • Distinguish between the financial recording and reporting requirements of different types of organisation.
  • Explain the need for final accounts and the accounting and ethical principles underlying their preparation.
  • Prepare accounting records from incomplete information.
  • Produce accounts for sole traders.
  • Produce accounts for partnerships.
  • Recognise the key differences between preparing accounts for a limited company and a sole trader.

MANAGEMENT ACCOUNTING COSTING

This unit provides students 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. It takes students from Elements of Costing at Foundation level and gets them ready to prepare organisational budgets and report on performance at Professional level.

Learning outcomes

  • Apply techniques required for dealing with costs.
  • Understand the purpose and use of management accounting within an organisation.
  • Apportion costs according to organisational requirements.
  • Analyse and review deviations from budget and report these to management.
  • Apply management accounting techniques to support decision making.

INDIRECT TAX

This Advanced level unit is about indirect tax: specifically, the tax that is referred to in the UK and throughout this unit as value added tax (VAT). It is important to understand that whilst the principles are the same, every country will have its own VAT rate and exemptions. When studying this unit, it is important to compare and understand both the national requirements of a students own country and those of the UK, a leading world financial market. The unit is designed to develop students’ skills in preparing and submitting returns to the relevant tax authority in situations where the transactions that have to be included are relatively routine. However, some non routine issues are also included.

Learning outcomes

  • Understand and apply VAT legislation requirements.
  • Accurately complete VAT returns and submit them in a timely manner.
  • Understand the implications for the business of errors, omissions and late filing and payment.
  • Report VAT related information within the organisation in accordance with regulatory and organisational requirement.

ETHICS FOR ACCOUNTANTS

This unit is about professional ethics in an accounting environment. It seeks to ensure that students have an excellent understanding of why accountants need to act ethically, of the principles of ethical working, of what is meant by ethical behaviour at work, and of when and how to take action in relation to unethical behaviour and illegal acts.

Learning outcomes

  • Understand the need to act ethically.
  • Understand the relevance to the accountant’s work of the ethical code for professional accountants.
  • Recognise how to act ethically in an accounting role.
  • Identify action to take in relation to unethical behaviour or illegal acts.

SPREADSHEETS FOR ACCOUNTING

This Advanced level unit is about using spreadsheets to accurately enter, analyse and present information so that informed accountancy judgements can be made. The skills and knowledge from this unit integrate spreadsheet use within the other Advanced level accountancy subjects.

Learning outcomes

  • Design and structure appropriate spreadsheets to meet customer needs.
  • Use spreadsheet software to record, format and organise data.
  • Use relevant tools to manipulate and analyse data.
  • Use software tools to verify accuracy and protect data.
  • Use tools and techniques to prepare and report accounting information.

ADVANCED DIPLOMA SYNOPTIC ASSESSMENT

This asks students to apply knowledge and skills gained across the qualification in an integrated way, within a workplace context. Scenarios change over time to ensure validity.

AAT Extended Advanced Diploma in Accounting Details:

Guided Learning Hours (GLH):

Certificate in Bookkeeping Level 2 – 65 GLH Advanced Diploma in Accounting Level 3 – 390 GLH

AAT Student Registration

Two registration, one for each course required. Registration included in tuition fees

Examination

Certificate in Bookkeeping Level 2 – 2 exams Advanced Diploma in Accounting Level 3 – 5 exams

Two methods of examination available.

Remote invigilation

Arranged through Gold Edge Training. Each examination is monitored by camera and can be sat in any location throughout the world. There is no requirement to go into the college or university to sit the exam. The candidate is monito red throughout by the camera system within the AAT examination software. Dates and times for the assessments will be determined by the college or university as part of their overall timetable. This method allows the institution to enter students when they are ready rather than Examination fees included in tuition fees. The final exam, the Advanced Synoptic Assessment is currently not available for remote assessment.

In-House invigilation

It is recommended that the College or University becomes an approved assessment centre of the AAT during the study of the Advanced Diploma in Accounting. Gold Edge Training can advise and make the necessary connections between the centre and AAT. The College or University will be required to moderate the final exam for the Advanced Diploma in house plus all of the exams in the Professional Diploma level 4. More exams are moving across to remote invigilation monthly so this requirement may change.

Ideal Package AAT Extended Advanced Diploma & Professional Diploma in Accounting Level 4

On successful completion of both qualifications the student will be a qualified AAT Accountant recognised worldwide.

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