AAT

Professional Diploma in Accounting Level 4

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.

Professional Diploma in Accounting Programme: CORE UNITS

This qualification is the final level of the AAT qualification. The subjects take you further into the managerial and performance side of both financial and management accounting.

MANAGEMENT ACCOUNTING BUDGETING

This unit is about the use of budgeting for planning, coordinating and authorising the activities of an organisation and for controlling costs. It provides skills and knowledge to improve the performance of an organisation by setting targets, constructing achievable plans and monitoring results. Students will develop a range of skills within the context of planning and control. These include management accounting, statistical analysis, written communication and variance analysis. The application of standard costing and its links to budgeting is also included, although the topic is covered in detail in the Management Accounting: Decision and Control unit.

Learning outcomes

  • 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.

MANAGEMENT ACCOUNTING DECISION AND CONTROL

This unit is one of the mandatory Professional level units. It takes students from Advanced level costing principles and prepares them to be valuable members of a management accounting finance team.

Learning outcomes

  • Analyse a range of costing techniques to support the management accounting function of an organisation.
  • Calculate and use standard costing to improve performance.
  • Demonstrate a range of statistical techniques to analyse business information.
  • Use appropriate financial and non financial performance techniques to aid decision making.
  • Evaluate a range of cost management techniques to enhance value and aid decision making.

Professional Diploma in Accounting Cont.

FINANCIAL STATEMENTS LIMITED COMPANIES

This unit is concerned with the drafting, analysis and interpretation of financial statements of limited companies. This builds on the Foundation and Advanced levels, where the emphasis of the financial accounting units is on identifying and recording transactions in accounts and ledgers following the principles of double entry bookkeeping, and drafting the financial statements of unincorporated organisations from the accounts and records prepared.

Learning outcomes

  • Demonstrate an understanding of the reporting frameworks and ethical principles that underpin financial reporting.
  • Demonstrate an understanding of the key features of a published set of financial statements.
  • Draft statutory financial statements for a limited company.
  • Draft consolidated financial statements.
  • Interpret financial statements using ratio analysis.

PROFESSIONAL DIPLOMA SYNOPTIC ASSESSMENT

This unit aims to enable students to demonstrate their understanding of the role of the accounting function in an organisation and the importance of internal controls in minimising the risk of loss. Students will undertake an evaluation of an accounting system to identify weaknesses and assess the impact of those weaknesses on the operation of the organisation.

Learning outcomes

  • Demonstrate an understanding of the role and responsibilities of the accounting function within an organisation.
  • Evaluate internal control systems.
  • Evaluate an organisation’s accounting system and underpinning procedures.
  • Analyse recommendations made to improve an organisation’s accounting system.

Professional Diploma in Accounting Level 4 – OPTIONAL UNITS CHOOSE 2 from 5

BUSINESS TAXATION

This unit introduces the student to UK taxation relevant to businesses. It is about the computing of business taxation, preparation of tax returns and how taxation has an impact on the running of a business for sole traders, partnerships and limited companies.

Learning outcomes

  • 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.

PERSONAL TAXATION

This unit is about the key aspects of taxation that affect UK taxpayers. It covers income tax, National Insurance, Capital Gains Tax and Inheritance Tax.

Learning outcomes

  • Analyse the theories, principles and rules that underpin taxation systems.
  • Calculate a UK taxpayer’s total income.
  • Calculate income tax and National Insurance contributions payable by a UK taxpayer.
  • Account for Capital Gains Tax.
  • Discuss the basics of Inheritance Tax.

CREDIT MANAGEMENT

This unit is about understanding and applying the principles of effective credit control in an organisation. Students will require an understanding of the principles of credit control in the context of relevant legislation, contract law, best practice, professional ethics and organisational policies. Students will also be able to describe remedies for breach of contract, as well as the terms and conditions of contracts with customers.

Learning outcomes

  • 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.

CASH AND TREASURY MANAGEMENT

This unit covers the skills and knowledge that students need in order to be able to identify the movements of cash within the business and make informed decisions on the best course of action to maximise the wealth of the business.

Learning outcomes

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

EXTERNAL AUDIT

This unit is about external audits of financial statements. These audits are undertaken in accordance with International Standards on Auditing (ISA) to provide assurance to the intended users regarding the credibility of the information contained within financial statements.

Learning outcomes

  • Demonstrate an understanding of the principles of auditing.
  • Demonstrate the importance of professional ethics.
  • Evaluate the audited entity’s system of internal control.
  • Evaluate audit procedures for obtaining audit evidence.
  • Evaluate the planning process.
  • Evaluate audit procedures.

PROFESSIONAL Diploma in Accounting Programme Details:

Guided Learning Hours (GLH):

Professional Diploma in Accounting Level 4 420 GLH

AAT Student Registration

One registration. Registration included in tuition fees

Examination

Professional Diploma in Accounting level 4 – 6 examinations.

In House invigilation

Colleges & universities will need to be an approved AAT assessment centre for this level. Whilst the AAT aim is for all AAT exams to become remotely invigilated, currently there is only one level 4 exam available remotely. We will keep centres updated as to progress.

Gold Edge Training can assist and advise the centres in their approval applications and are happy to put centres in touch with the correct AAT contacts

Ideal Package – AAT Accountancy & ATHE Entrepreneurship

The AAT Accounting qualifications is an ideal package to be delivered remotely with the ATHE Entrepreneurship qualification. The combined package raises the skills achievable for students wishing to open their own company.

In addition, the combined qualification offers an excellent skills set to begin a career as a business start up accountant advisor within a financial lending or financial investment company .

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