This AAT (Association of Accounting Technicians) professional level course is a higher-level accounting qualification. If you successfully complete this qualification and fulfil the AAT’s work experience requirements, you can apply for AAT full membership and achieve professional AAT Accountant status.
In this qualification you will cover higher accounting tasks including drafting financial statements, managing budgets and evaluating financial performance, as well as a range of optional specialist units.
Updated September 2020
You must have a sound knowledge of accounting principles to undertake the AAT Level 4 programme. Achievement of an AAT Level 3 Advanced Diploma in Accounting is essential.
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
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:-
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.
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.
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
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.
You will also develop business communications and lifelong learning skills, applying what you learn on the course to the wider industry context.
The accountancy skills developed by studying this qualification will enable you to seek employment with confidence, and/or to progress to study chartered accountancy.
The Professional Diploma in Accounting can lead to the achievement of professional AAT (MAAT) status. Employment opportunities include: Accounts Payable and Expenses Supervisor, Assistant Financial Accountant, Commercial Analyst, Cost Accountant, Indirect Tax Manager, Payments and Billing Manager, Payroll Manager, Senior Finance Officer, Senior Insolvency Administrator, Tax Supervisor, VAT Accountant.
AAT Membership Fee
£277 for all the exams studied in the year
This course may be funded through our Apprenticeship Scheme or Skills For Industry Scheme – please ask for more details.