Accounting principles and concepts underlying all financial accounting. The accounting equation, the nature and importance of the different categories of account and how books and records work together.
Final accounts preparation
Accounting skills in restructuring accounting information from incomplete records and preparing financial statements for sole traders. Techniques to restructure accounts, finding missing information and the significance/ limitations of the trial balance. Statement of financial position and statement of profit or loss.
Management accounting - costing
Cost handling in organisations, why different organisations treat costs in different ways. Different approaches to cost accounting and making informed and reasoned judgements to guide management.
VAT regulations. Completing VAT returns on time and accurately. VAT penalties and adjustments in the event of errors. Communicating VAT information.
Ethics for accountants
Principles of ethical working. Ethical behaviour when working with internal and external customers. When and how to take appropriate action following suspected breaches of ethical codes. Ethical responsibility of the finance professional in promoting sustainability.
Spreadsheets for accountants
Using spreadsheets to enter, edit and organise numerical and other data. Appropriate formulas and data analysis tools and techniques to meet requirements. Tools and techniques to present, format and publish spreadsheet information.
You study the course materials for each unit, which comprise a, media rich, combination of text, illustrations, spreadsheets, videos, interactive quizzes, social connections, peer discussion, debates and games. This is enabled by the most cutting edge, online learning platform, in the UK today.
Computer Based Assessments
When you have completed the unit, you demonstrate learning with an end of unit online mock test, taken in the VLE, followed by a Unit Assessment at an AAT centre. This is the case for the first four units and you will get your provisional results immediately.
Computer Based Projects
If you need to submit a computer based project, this will go to AAT for assessment which can lengthen the assessment process. This does not need to delay your progress though, as you will be given access to study the next unit.
Synoptic (End of Course) Assessment
Once you have completed your learning for all 6 modules, there will be a final ‘synoptic’ general test (Two 90 minute component exams). The synoptic test aims to test your knowledge across all units studied in the course.