AAT Level 3 Diploma in Accounting (Q2022)

AAT Level 3 Diploma in Accounting (Q2022)

Key Points

• Broaden your accounting knowledge
• Get equipped to handle more complex financial challenges
• Learn all about management accounting techniques and tax processes for business
• Completion possible within a year
• Recognised AAT qualification
• 100% online learning

About Your Diploma

This Level 3 Diploma in Accounting is the next logical step for anyone who has completed the AAT Level 2 Certificate in Accounting.

By progressing onto this course, you will take both your knowledge and career further, opening the door to many more rewarding and interesting roles in the finance sector.

This Level 3 course is designed to challenge you with more complex tasks in preparation for senior roles. Through the range of modules on offer, you’ll explore advanced subjects like accounting principles and concepts, advanced bookkeeping, and final accounts.

As an online course, it can also be studied from home easily around your current job. So you can take a step up in your career without the need to take time off. Once qualified, you’ll also be eligible for AAT Bookkeeper (AATQB) status.

Your 10 Step AAT Learner Journey

Your Career with AAT

Once you achieve the AAT Level 3 Diploma in Accounting you should aim to apply for Accounts Clerk, Account Manager, or Bookkeeper roles with salaries ranging from £20,000 - £29,000 per year.

Getting Started

learndirect is a leading UK distance learning provider. This Advanced Diploma in Accounting is awarded and accredited by The Association of Accounting Technicians (AAT). In collaboration with industry leaders and professionals, the course was created to give you advanced knowledge and skills based on real world financial contexts.

As a fully online college, there is no need for you to attend classes. You can structure your learning around your circumstances and set your own timetable.

Take your accounting skills to the next level and position yourself as a highly employable candidate in the financial sector.

Additional Fees

As part of your studies, you will need to be a student member of the AAT. You can complete this quickly and easily with the AAT by clicking here.

All computer-based examinations are completed at an AAT-approved external exam centre. You will discuss this further with your dedicated tutor during your studies, but unit computer-based exams will cost approximately £90-£120 per exam depending on the exam centre that you choose and are not included in the course fees.

AAT Remote Invigilation

AAT remote invigilation for Q2022 is available to book on the following link.

Modules

This course comprises of 4 Mandatory units.

Unit 1: Business Awareness

On completion of this unit, you will:

• Understand business types, structures and governance, and the legal framework in which they operate
• Understand the impact of the external and internal environment on businesses, their performance, and decisions
• Understand how businesses and accountants 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

On completion of this unit, you will:

• Understand the accounting principles underlying 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
• 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

On completion of this unit, you will:

• 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 Business

On completion of this unit, you will:

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

Entry Requirements

You must already have successfully completed the AAT Level 2 Accounting course to enrol

Minimum Age restriction

You must be aged 16 or above to enrol on this course.

Average completion timeframe

The average time it takes to complete the course is 12-14 months.

Assessment requirements

All units in each qualification will be assessed by AAT Official CBE's (Computer Based Exams).

Exams required

Learners will undergo 4 exams, which will need to be paid for separately as they are not included as part of the course fee. Each exam costs approximately £63.

Is Membership Required?

Membership is required and must be paid by the learner separately. Please see additional requirements for the exact fee.

Additional requirements

You will need a computer or laptop to study the course, and you must secure AAT Membership within 4 weeks of starting the course. Please note that the AAT Membership fee of £235 is not included in the course fee. If you are unsure of what level of qualification is best for you, then take the AAT Skillcheck (link to https://www.aat.org.uk/qualifications-and-courses/skillcheck) Test to find out.

Certification Timeframe

It can take approximately 6 months for your certification to be delivered, but all queries must be directed to AAT student services.

Course Fees

All course fees, inclusive of all payment plans including our Premium Credit Limited option, must be settled before the final unit will be available.

*You will have access to the course for 24 months.

When studying for an AAT qualification, your knowledge and skills will be tested via computer-based assessments (CBAs). These are administered by AAT training providers or assessment centres and run entirely on PCs or laptops.

Computer-Based Assessments 

AAT’s computer-based assessments are marked in one of three ways:

• Wholly computer marked, and so results will be available automatically
• Partially computer marked and partially human marked, and so results will be available within six weeks
• Wholly human marked, and so results will be available within six weeks

When are you assessed?

You will sit assessments when you are ready, as agreed with your training provider. You will need to check with your training provider as to the availability and schedule for completing your assessments.

AAT Remote Invigilation

AAT remote invigilation for Q2022 will be a phased rollout from September 2023.

Fees

Computer-based exams are taken under invigilated conditions at an AAT approved external exam centre. You will discuss this further with your dedicated tutor during your studies, but unit computer-based exams cost approximately £90-£120 per exam and are not included in your course fees.

AAT

Upon successful completion of this course, you will be awarded the AAT Level 3 Diploma in Accounting (Qualification Number: 603/6337/X)

AAT works across the globe with around 140,000 members in more than 90 countries. Their members, including students, are represented at every level of the finance and accounting world.

AAT members are ambitious, focused accounting professionals. Many of AAT members occupy senior, well-rewarded positions with thousands of employers – from blue-chip corporate giants to public sector institutions.

AAT qualifications are universally respected and internationally recognised. Organisations hire AAT qualified members for their knowledge, skills, diligence and enthusiasm, because AAT represents the highest standards of professionalism. In short, an AAT qualification is a route to some of the most in-demand skills in the world, and provides their students and members with a professional status to be proud of.

The Association of Accounting Technicians (AAT) is a world-renowned professional body of Accountants with members across 90 countries. As such it is one of the most widely regarded and respected accounting bodies in the world.

Whether you have a small business or want to further your accounting or bookkeeping career, gaining an AAT accredited qualification will give you the skills you need to achieve your goal.

AAT accredited qualifications are also internationally recognised, opening career opportunities around the world, and allowing you to expand your financial horizons in diverse and exciting new ways.

Once you achieve the AAT Level 3 Diploma in Accounting you should aim to apply for Accounts Clerk, Account Manager, or Bookkeeper roles with salaries ranging from £20,000 - £29,000 per year.

Frequently Asked Questions