AAT Level 3 - Advanced Diploma in Accounting
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The aim of this qualification is to enhance the skills developed in the introductory level. You’ll master more complex financial processes, including final accounts for sole traders and partnerships, reports and returns and professional ethics. As a standalone qualification, or as a first step towards the intermediate and advanced levels, it will allow you to move up to further study in accountancy and finance.
You should consider this level of study if:
- You’ve completed the introductory accounting level and would like to build your skills
- You’re already working in finance and you’d like a formal recognition of your skills
- You would like to go onto be an AAT full member or study for chartered status
If you have not previously completed the Introductory Accounting Level, but have other relevant qualifications and/or experience, you can gauge your required level of entry by completing the AAT Skill Check. Click Here
Once you’ve completed the intermediate level, you’ll be awarded the AAT Level 3 Diploma in Accounting (Level 6 in Scotland).
Ideal Schools will provide:
- All Study Materials via textbook or presentation folder
- Online access to all textbook training
- 2 years tutorial support via phone & email
- Continuous Self Progress tests & Answers
- 20+ tutor marked assignments
- Unlimited access to online practice questions
- FREE Postage & Packing
Exam Structure: 5 x centre based examinations
Synoptic Exam: The 5th and final exam will cover all elements of Level 3. Although the subjects of Ethics and Spreadsheets are not tested on an individual basis, they will be covered within this final exam.
Study Time: Approx 180 - 200 hours
1 x AAT Registration fee £41 (only for 1st time registrations)
1 x AAT Annual Membership £88
6 x Centre-Based exams costing approx. £65 per exam
There are 6 mandatory units at the introductory level:
Understanding accepted principles of accounting and double-entry bookkeeping
Understanding accounting methods of recording non-current assets
Accounting for purchase of non-current assets
Accounting for depreciation and adjustments
Accounting for disposal of non-current assets
Preparing and extending the trial balance.
Final Accounts Preparation – sole traders and partnerships
Understanding the process involved in preparing final accounts
Preparing accounting records from incomplete information
Producing final accounts for sole traders
Understanding partnerships’ legislative and accounting requirements
Preparing a statement of profit or loss appropriation account
Preparing a financial position statement relating to a partnership.
Management Accounting: Costing
Understanding an organisation’s costing systems
Recording and analysing cost information
Apportioning costs to organisational requirements
Analysing budget deviations and reporting these to management
Using information gathered from costing systems to assist decision making
Ethics for Accountants
Understanding principles of ethical working
Understanding ethical behaviour when working with internal and external customers
Understanding when and how to take appropriate action following suspected ethical codes breaches
Understanding the ethical responsibility of finance professionals in promoting sustainability
Sales Tax (VAT)
Understanding VAT regulations
Completing VAT returns accurately and on time
Understanding VAT penalties and adjusting for previous errors
Communicating VAT information.
Spreadsheets for Accountants
Using a spreadsheet to enter, edit and organise numerical and other data
Selecting and using appropriate formulae and data analysis tools and techniques
Presenting, formatting and publishing spreadsheet information.
Here are just a few positions that you could consider upon completion of this study.
Accounts Payable and Expenses Supervisor
Accounts Payable Clerk
Practice Bookkeeper and Payroll