Overview of course
Whether progressing from AAT Level 2 Certificate in Accounting, progressing from another book keeping qualification, or joining the course with work experience, with this course you will master more complex financial processes, including final accounts for sole traders and partnerships, management accounting, professional ethics and spreadsheets, making it perfect for anyone interested in a career in book keeping, or who wants to go on to become a fully qualified accountant.
This course would be run via Distance Learning with study notes to support training and regular one-to-one tutorials.
Unlike other qualifications there are no entry requirements with AAT and you don't need relevant work experience. This means that this course is ideal if you are leaving school, returning to work or thinking about a change in career. Useful strengths include confidence with numbers, time management, attention to detail and an ability to problem solve.
If you have not completed AAT level 2, but have some work experience in accounting/finance, it is advisable to undertake the AAT skills check prior to application, which can be found on this weblink, http://www.aatskillcheck.org/home.aspx, alternatively send us an email to firstname.lastname@example.org and one of our tutors will help advise.
AAT Advanced Diploma in Accounting (Level 3) awarded in conjunction with the Association of Accounting Technicians (AAT)
Further course detail
The course covers 6 modules over the year:
- Advanced Bookkeeping - will help you develop your book keeping and double entry skills, learning how accountants make year-end adjustments to an initial draft trial balance. You will learn about accruals and prepayments, fixed asset registers, depreciation, bad and doubtful debts etc.
- Final Accounts Preparation - will focus on Sole Traders and Partnerships and will take your knowledge of book keeping and help you to prepare accounts for these types of business ownerships from a final trial balance. In partnership accounts you will learn about the adjustments required for partners joining, retiring, changing profit share ratios etc.
- Management Accounting: Costing - will take your appreciation of costs that make up a product, determine its selling price and show you how businesses use different costing methods across manufacturing, retail and service industries. You will learn about short term decision making using a determined breakeven point and long term decision making using discounted cash flows.
- Indirect Tax - will help you understand about VAT, what a business can and can't claim for, penalties and implications of non submission of VAT returns, and how to complete a VAT return.
All of the above modules will be assessed individually via a computer based exam. Further to this you will study the following two modules, which will not be assessed as separate modules, but instead assessment for these will be within the Level 3 synoptic exam.
- Spreadsheets for Accounting - you will gain an understanding of how to use Excel to an intermediate level, taking data and confidently being able to get the system to generate you answers based on "what if" scenarios, conditional formatting based on criteria that you require, and the lookup of particular information in a minefield of data etc. "Ethics for Accountants" will be about the 5 codes of practice that all accountants must follow, namely confidentiality, integrity, professional behaviour, professional competence, and objectivity.
- Synoptic - a computer based assessment introduced in the new AQ2016 syllabus which pulls together the knowledge learnt from Advanced Bookkeeping, Final Accounts Preparation, Management Accounting, Ethics for Accountants, and Spreadsheets for Accounting. This module will be the final assessment undertaken, to complete your level 3 studies. Any student aged 16 to 19 who does not hold a GCSE A* to C or equivalent qualifications in Maths and English by age 16 will need to continue to study these subjects in each academic year.
Students must successfully complete four unit assessments and one synoptic assessment to achieve this qualification. All assessments are computer based, time limited and are set and marked by the AAT. The assessments will take place at our Bury St Edmunds campus. To achieve the qualification and be awarded a grade, a student must pass all the mandatory unit assessments and the synoptic assessment.
Successful students are encouraged to progress to the AAT Level 4 Diploma in Accounting.
Being a mathematician is not required but an inquisitive thought process and a problem solver with an ability to communicate information is important. Jobs you could apply for after studying AAT Level 3 include:
- Accounts Payable
- Accounts Assistant
- Accounts Payable Clerk
- Assistant Accountant
- Audit Trainee
- Credit Controller
- Finance Assistant
- Payroll Administrator
- Payroll Supervisor
- Practice Bookkeeper
- Tax Assistant
Salary ranges from £11,000 to £25,000
Will I have to provide anything?
19+ loan is available to those over 19 years.
There are bursaries available to students that meet certain criteria, please speak/visit student welfare for further information.
From 1 April, adults in England who are 19 and over and do not yet have A levels, an advanced technical diploma or equivalent, can now take their first full Level 3 qualification for free.
Eligible adults can choose from almost 400 qualifications, to help them gain access opportunities and get a better job and AAT Level 3 Advanced Diploma in Accounting is included in this offer.
The offer is part of the government's Lifetime Skills Guarantee and Plan for Jobs, helping adults develop the skills to succeed in work throughout their lives, and supporting businesses to find or develop talented people of all ages to fill skills gaps.
I'm interested. What should I do now?
Days & times
Please contact us for dates and further information