Professional Diploma in Accounting AAT

Course Overview

At this level you’ll learn how to draft financial statements for limited company, perform complex management accounting tasks and develop your own management skills. This level includes a choice of special units, which means that you can focus on the areas of accounting that suit you.

Updated June 2018

Entry Requirements

Completion of AAT Level 3 Accounting or degree in Accounting. Open to students of all ages

Course Delivery

Units include:

Financial Statements
Unit covers: purpose and scope of the IASB framework, financial statements, accruals, going concern, cash flow statements, consolidation, minority interest, goodwill, fair values, statement of financial position, statement of comprehensive income, accounting ratios, adjustments, statement of changes in equity, etc

Unit covers: impact of internal and external business factors on budgets, information on costs, prices, demand, availability of resources, availability and cost of finance, Government statistics, budgets, behavioural aspects of budgeting, planning, co-ordinating, authorising and cost control, budgetary control, product lifecycles, and forecasts and planning, budget variances, limiting factors, standard costing, variance analysis, indexing, sampling, moving averages, linear regression and seasonal trends, cost behaviours, investment centres, profit centres and cost centres, wastage, idle time, financial measurements

Financial Performance
Unit covers:- direct and indirect costs, fixed, variable, stepped fixed and semi variable overheads, prime cost, full production cost, marginal product cost, marginal costing and absorption costing techniques, break even analysis and margin of safety, standard costing and variance analysis, performance indicators, make or buy decision, closure of a business segment, transferring production overseas, target costing, lifecycle costs, ABC, TQM, etc

Internal Control and Accounting Systems
Unit covers: overviews, external and internal relationships, accounting systems, SWOT analysis, cost-effectiveness, internal control systems, errors, possible areas of fraud, organisational or statutory requirements, impact of recommendations, staffing issues, staff training, etc

Plus two out of four optional subjects:

Credit Management and Control
Unit covers: legislation impacts upon credit control, granting of credit, contract law and remedies for breach of contract, trade descriptions, sale of goods act,  consumer credit act, data protection legislation, collection of debts, bankruptcy and insolvency, liquidity management, analysing credit control information, discounts, collection and management of debts, factoring and invoice discounting, etc

Unit covers: legal and professional standards, external auditing procedures, auditing techniques, planning audits, appropriateness of audits, audit documentation, draft reports, undertake an audit under supervision, etc

Personal Tax
Unit covers: legislation and procedures, income from employment, savings, non savings,  dividends, property income, capital gains, Calculate accurately the tax payable, self assessment tax returns, etc

Business Tax
Unit covers: legislation and legislative changes, tax law and its implications for unincorporated and incorporated businesses, capital assets, tax returns, corporation tax, etc

Cash Management
Unit covers:Cash assets, external environment, decisions, management of cash balances,accounting and other business techniques, cash management procedures, forecasts of income and expenditure, preparation of cash forecasting and budgeting, use cash balances effectively, cash cycles, cash flow deviations, government monetary policies, financial regulations, treasury function, manage risk and exposure etc  

All tuition is based around classroom lecturers by highly qualified and experienced members of staff. Examinations are online assessments apart from the ICAS unit which is project based.

Progression Opportunities

Students will be able to progress to one of the following Chartered Accounting bodies:

  • Association of Certified Chartered Accountants (ACCA)
  • Institute of Chartered Accountants in England & Wales (ICAEW)
  • Chartered Institute of Management Accountants (CIMA)
  • Chartered Institute of Public Finance and Accountancy  (CIPFA)
  • Foundation Degree in Accounting

 The course also provides a qualification that employers are looking for.

Additional Information

Additional costs

AAT Membership Fee £86
Exam Fee £210*
Books approx  £70             

*assuming work based evidence for ICAS

This course can be funded through our Skills for Industry 2 Scheme – please ask for more details.

Advertise Section

Business, Accountancy and Law


Sketty Hall
Course deliverable in Welsh:
Thanks for your interest in this course.
We currently have no available classes so please check back soon for alternative dates and times.