AAT Level 3 Diploma in Accounting

What will you learn?

The course is divided into four mandatory units, each designed to build on your prior knowledge and develop your ability to handle more complex tasks.

Unit 1: Business Awareness

• Understand business types, structure and governance and the legal framework in which they operate.
• Understand the impact of the external and internal environments on business, their performance and decisions.
• Understand how businesses and accounts comply with principles of professional ethics.
• Understand the impact of new technologies in accounting and the risks associated with data security.
• Communicate information to stakeholders.

Unit 2: Financial Accounting: Preparing Financial Statements

• Understand the accounting principles underlaying final accounts preparation.
• Understand 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.
• Produce financial statements for sole traders and partnerships.
• Interpret financial statements using profitability ratios.
• Prepare accounting records from incomplete information.

Unit 3: Management Accounting Techniques

• Understand the purpose and use of management accounting within organisations.
• Use techniques required for dealing with costs.
• Attribute costs according to organisational requirements.
• Investigate deviations from budgets.
• Use spreadsheet techniques to provide management accounting information.
• Use management accounting techniques to support short-term decision making.
• Understand principles of cash management.

Unit 4: Tax Processes for Businesses

• Understand legislation requirements relating to VAT.
• Calculate VAT.
  Review and verify VAT returns.
• Understand principles of payroll.
• Report information within the organisation.

By completing this qualification, learners will be equipped to handle a wider range of accounting tasks, including preparing accounts, managing costs, and ensuring compliance with tax legislation.

Practical Accountancy Training Experience

• Manage purchase & sales ledgers
• Set up companies and chart of accounts in accounting software
• Process customer & supplier invoices, credit notes, and reports
• Handle bank, cash transactions & perform reconciliations
• Gain practical knowledge of VAT, including schemes & reverse charges
• Prepare, reconcile & submit VAT returns to HMRC (MTD compliant)