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 2019

Entry Requirements

Completion of AAT level 3/Advanced Accounting or degree in Accounting

Open to students of all ages

Course Delivery

Units Include:-

Management Accounting: Decisions and Control
Unit covers: - collating and analysing cost information from various sources, measuring performance and managing costs appropriately, making suggestions for improving financial performance by monitoring and analysing information, preparing performance reports for management.

Financial statements for Limited Companies
Unit covers: -
understanding the regulatory framework underpinning financial reporting, understanding key features of published financial statements, drafting a limited company’s statutory financial statements, drafting consolidated financial statements, interpreting financial statements using ration analysis.

Management Accounting: Budgeting
Unit covers:-
preparing budgets and income expenditure forecasts, assessing budgetary impact of internal and external factors, using budgetary control to improve organisational performance.

Accounting Systems and Controls – Synoptic Assessment  
Unit covers: -
understanding the importance and use of internal control systems, evaluating the accoutring system and identifying areas for improvement, conducting ethical and sustainability evaluations of accounting systems, making recommendations to improve the accounting system.

Plus two out of five optional subjects:-

Term 1
Credit management
Unit covers: - understanding relevant legalisation and impact on credit management, using information from various sources to grant customers credit within organisational guidelines, using a range of techniques for debt collection, monitoring and controlling credit supply.

External auditing
Unit covers: -
planning an audit identifying areas for verification and associated risks, conducting a supervised audit, preparing draft reports for approval, understanding auditing principles and legal and professional standards required for an external auditor.

Personal tax
Unit covers: -
calculating income from all sources and identifying taxable and non-taxable items, applying current legalisation to calculate tax payable on income, accounting for capital gains tax according to current legislation, preparing accurate computations and completing relevant parts of self-assessment tax returns.

Terms 2 and 3

Business tax
Unit covers: -
completing corporation tax returns and supporting computations for incorporated businesses, understanding impact of legislation and legislative changes, understanding tax law and its implications for incorporated/unincorporated business, understanding capital assets.

Cash and Treasury Management
Unit covers: -
using statistical techniques and financial information to prepare income and expenditure forecasts, preparing cash to monitor an organisation’s cash flow, managing cash balances effectively, investing surplus funds, observing organisational policies.

All tuition is based around classroom lecturers by highly qualified and experienced members of staff.

Examinations are on-line assessments.

Progression Opportunities

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

  • Association of Certified Chartered Accountants (ACCA) taught at Gower College Swansea
  • 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

AAT Membership Fee


Exam Fee           

£277 for all the exams studied in the year                            

Books approx  


*estimated figures



This course may be funded through our Apprenticeship Scheme or Skills For Industry Scheme – please ask for more details.

Sketty Hall
Course deliverable in Welsh:
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