AAT Level 4 Professional Diploma in Accounting | learndirect

AAT Level 4 Professional Diploma in Accounting

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Overview

Key Points

  • Learn to draft financial statements, manage budgets and evaluate financial performance
  • Study specialist units like business tax and credit management
  • Achieve professional MAAT status
  • Complete the course in as little as 9 months
  • Internationally recognised AAT qualification
  • Learn around current work and family commitments

Studying Your Professional Diploma

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.

Learn to tackle high-level accounting topics and position yourself for senior finance roles.

This diploma offers the most advanced level qualification provided by the AAT. It’s perfect if you are an accountant looking to achieve full AAT membership and professional MAAT status.

Completely online, you can study at home whenever suits. Minimising the disruption to your life while you get ready for the next phase of your career.

Throughout the course, you’ll learn about more complex accounting theory. Learning to expertly draft financial statements for limited companies and recommending strategies around accounting systems.

You’ll also have the option to choose two of five subjects to specialise in:

  • Business Tax
  • Personal Tax
  • External Auditing
  • Cach and treasury Management
  • Credit Management

Your 10 Step AAT Learner Journey

Your Career with AAT

Once you achieve the AAT Professional Diploma in Accounting Level 4 you should aim to apply for Accountant, or Senior Accountant roles with salaries ranging from £30,000 - £43,000 per year.

Hear Their Stories

Getting Started

learndirect is a leading UK distance learning provider. This Professional Diploma in Accounting is awarded and accredited by The Association of Accounting Technicians (AAT). With help of industry leaders and professionals, you will learn the professional knowledge and skills to excel in real life financial industry scenarios. 

Distance learning puts you in control, giving you the flexibility to determine when and where you will study. With all the course materials and dedicated tutor assistance accessible online, there is no need for you to set foot in a classroom.

This course can be completed in as little as nine months, with the only deadlines being your exams, completion time will depend on when you enrol.

Achieve the qualification that gives you professional MAAT status, sets you on the path to high paying financial positions and provides the opportunity to study as a chartered accountant.

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 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 cost £70-£80.

Modules

Your 10 Step AAT Learner Journey

AAT Professional Diploma in Accounting Level 4 Modules

This course comprises of 4 compulsory units, 2 specialist units, plus an overall Synoptic Assessment.

The compulsory units are:

Management Accounting: Budgeting

On completion of this unit you will:

  • Prepare forecasts of income and expenditure
  • Prepare budgets
  • Demonstrate how budgeting can improve organisational performance
  • Report budgetary information to management in a clear and appropriate format

Management Accounting: Decision and Control

On completion of this unit you will:

  • Analyse a range of costing techniques to support the management accounting function of an organisation
  • Calculate and use standard costing to improve performance
  • Demonstrate a range of statistical techniques to analyse business information
  • Use appropriate financial and non-financial performance techniques to aid decision making
  • Evaluate a range of cost management techniques to enhance value and aid decision making

Financial Statements of Limited Companies

On completion of this unit you will:

  • Demonstrate an understanding of the reporting frameworks and ethical principles that underpin financial reporting
  • Demonstrate an understanding of the key features of a published set of financial statements
  • Draft statutory financial statements for a limited company
  • Draft consolidated financial statements
  • Interpret financial statements using ratio analysis

Accounting Systems and Controls

On completion of this unit you will:

  • Demonstrate an understanding of the role and responsibilities of the accounting function within an organisation
  • Evaluate internal control systems
  • Evaluate an organisation’s accounting system and underpinning procedures
  • Analyse recommendations made to improve an organisation’s accounting system

The specialist units are:

Business Tax

On completion of this unit you will:

  • Complete tax returns for sole traders and partnerships and prepare supporting tax computations
  • Complete tax returns for limited companies and prepare supporting tax computations
  • Provide advice on the UK’s tax regime and its impact on sole traders, partnerships and limited companies
  • Advise business clients on tax reliefs, and their responsibilities and their agent’s responsibilities in reporting taxation to HMRC
  • Prepare tax computations for the sale of capital assets

Personal Tax

On completion of this unit you will:

  • Analyse the theories, principles and rules that underpin taxation systems
  • Calculate a UK taxpayer’s total income
  • Calculate income tax and National Insurance (NI) contributions payable by a UK taxpayer
  • Account for capital gains tax
  • Discuss the basics of inheritance tax

External Auditing

On completion of this unit you will:

  • Demonstrate an understanding of the principles of auditing
  • Demonstrate the importance of professional ethics
  • Evaluate the audited entity's system of internal control
  • Evaluate audit procedures for obtaining audit evidence
  • Evaluate the planning process 6. Evaluate audit procedures

Cash and Treasury Management

On completion of this unit you will:

  • Use statistical techniques and financial information to prepare forecasts of cash receipts and payments
  • Prepare cash budgets and monitor cash flows within the organisation
  • Evaluate the principles of cash management within the context of regulation and government monetary policies
  • Evaluate ways of raising finance in accordance with organisational requirements
  • Evaluate ways of investing surplus funds within organisational policies

Credit Management

On completion of this unit you will:

  • Analyse relevant legislation and contract law that has an impact on the credit control environment
  • Critically analyse information from a variety of sources to assess credit risk and grant credit in compliance with organisational policies and procedures
  • Evaluate a range of techniques to collect debts
  • Critically evaluate credit control in line with organisational policies and procedures
  • Present advice and recommendations to management on the credit control system

Requirements

For the best chance of success, we recommend that students begin with a good standard of English and maths. Professional Accountants work at the heart of a business and are expected to be able to communicate information clearly and appropriately to a given audience. Ideally, students should also have completed the AAT Foundation and Advanced level qualifications.

AAT recommends that students use AAT Skills Check to ensure that they are ready to start on a particular qualification.

AAT Student Membership

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

If you have been declared bankrupt, entered into an arrangement with creditors, the subject of a County Court Judgement (CCJ), or any criminal convictions or civil sanction, you will need to provide details about the circumstances when you register.

Answering ‘yes’ to one or more of these declarations while registering isn’t necessarily a bar to AAT membership but AAT must consider the suitability of the applicant to ensure that, as a member of AAT, the person will maintain public confidence in the accountancy profession.

Becoming an AAT student member is essential so that you can:

  • Study AAT bookkeeping and accounting qualifications
  • Access the AAT website via your learndirect portfolio
  • Sit AAT assessments and computer-based exam
  • Access resources and support to help you succeed in your studies and progress your career.

Assessment

When studying 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 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.

In September 2016 AAT introduced a new type of assessment - synoptic assessments. Synoptic assessments will test your understanding of connections between the different topics covered across the qualification. Synoptic assessments are sat towards the end of the qualification and are taken at specific times of the year.

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 £70-£80.

Qualifications

AAT

Upon successful completion of this course you will be awarded the AAT Professional Diploma in Accounting Level 4 (Qualification Number: 601/6551/0)

The AAT Professional Diploma in Accountancy can give qualified students exemptions towards all or parts of the UK’s chartered and certified accountancy qualifications. The following chartered bodies offer exemptions to AAT students:

  1. The Chartered Institute of Public Finance and Accountancy (CIPFA)
  2. The Institute of Chartered Accountants in England and Wales (ICAEW)
  3. The Association of Chartered Certified Accountants (ACCA)
  4. The Chartered Institute of Management Accountants (CIMA)

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.

Developing your career

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

Once you achieve the AAT Professional Diploma in Accounting Level 4 you should aim to apply for Accountant, or Senior Accountant roles with salaries ranging from £30,000 - £43,000 per year.

AAT Salary Guide

Source: AAT Salary Guide 2017

Hear from our past Students

Salary Indicator

Salary Projection
Entry Accountant
£30k
Accountant
£35k
Senior Accountant
£43k
Average Salary
after completing
Source: AAT Salary Guide 2017
£35k

You can earn an average of £35,000 a year

420 guided learning hours
6 modules
Available
online
Technical Requirements

Key Points

  • Learn to draft financial statements, manage budgets and evaluate financial performance
  • Study specialist units like business tax and credit management
  • Achieve professional MAAT status
  • Complete the course in as little as 9 months
  • Internationally recognised AAT qualification
  • Learn around current work and family commitments

Studying Your Professional Diploma

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.

Learn to tackle high-level accounting topics and position yourself for senior finance roles.

This diploma offers the most advanced level qualification provided by the AAT. It’s perfect if you are an accountant looking to achieve full AAT membership and professional MAAT status.

Completely online, you can study at home whenever suits. Minimising the disruption to your life while you get ready for the next phase of your career.

Throughout the course, you’ll learn about more complex accounting theory. Learning to expertly draft financial statements for limited companies and recommending strategies around accounting systems.

You’ll also have the option to choose two of five subjects to specialise in:

  • Business Tax
  • Personal Tax
  • External Auditing
  • Cach and treasury Management
  • Credit Management

Your 10 Step AAT Learner Journey

Your Career with AAT

Once you achieve the AAT Professional Diploma in Accounting Level 4 you should aim to apply for Accountant, or Senior Accountant roles with salaries ranging from £30,000 - £43,000 per year.

Hear Their Stories

Getting Started

learndirect is a leading UK distance learning provider. This Professional Diploma in Accounting is awarded and accredited by The Association of Accounting Technicians (AAT). With help of industry leaders and professionals, you will learn the professional knowledge and skills to excel in real life financial industry scenarios. 

Distance learning puts you in control, giving you the flexibility to determine when and where you will study. With all the course materials and dedicated tutor assistance accessible online, there is no need for you to set foot in a classroom.

This course can be completed in as little as nine months, with the only deadlines being your exams, completion time will depend on when you enrol.

Achieve the qualification that gives you professional MAAT status, sets you on the path to high paying financial positions and provides the opportunity to study as a chartered accountant.

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 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 cost £70-£80.

Your 10 Step AAT Learner Journey

AAT Professional Diploma in Accounting Level 4 Modules

This course comprises of 4 compulsory units, 2 specialist units, plus an overall Synoptic Assessment.

The compulsory units are:

Management Accounting: Budgeting

On completion of this unit you will:

  • Prepare forecasts of income and expenditure
  • Prepare budgets
  • Demonstrate how budgeting can improve organisational performance
  • Report budgetary information to management in a clear and appropriate format

Management Accounting: Decision and Control

On completion of this unit you will:

  • Analyse a range of costing techniques to support the management accounting function of an organisation
  • Calculate and use standard costing to improve performance
  • Demonstrate a range of statistical techniques to analyse business information
  • Use appropriate financial and non-financial performance techniques to aid decision making
  • Evaluate a range of cost management techniques to enhance value and aid decision making

Financial Statements of Limited Companies

On completion of this unit you will:

  • Demonstrate an understanding of the reporting frameworks and ethical principles that underpin financial reporting
  • Demonstrate an understanding of the key features of a published set of financial statements
  • Draft statutory financial statements for a limited company
  • Draft consolidated financial statements
  • Interpret financial statements using ratio analysis

Accounting Systems and Controls

On completion of this unit you will:

  • Demonstrate an understanding of the role and responsibilities of the accounting function within an organisation
  • Evaluate internal control systems
  • Evaluate an organisation’s accounting system and underpinning procedures
  • Analyse recommendations made to improve an organisation’s accounting system

The specialist units are:

Business Tax

On completion of this unit you will:

  • Complete tax returns for sole traders and partnerships and prepare supporting tax computations
  • Complete tax returns for limited companies and prepare supporting tax computations
  • Provide advice on the UK’s tax regime and its impact on sole traders, partnerships and limited companies
  • Advise business clients on tax reliefs, and their responsibilities and their agent’s responsibilities in reporting taxation to HMRC
  • Prepare tax computations for the sale of capital assets

Personal Tax

On completion of this unit you will:

  • Analyse the theories, principles and rules that underpin taxation systems
  • Calculate a UK taxpayer’s total income
  • Calculate income tax and National Insurance (NI) contributions payable by a UK taxpayer
  • Account for capital gains tax
  • Discuss the basics of inheritance tax

External Auditing

On completion of this unit you will:

  • Demonstrate an understanding of the principles of auditing
  • Demonstrate the importance of professional ethics
  • Evaluate the audited entity's system of internal control
  • Evaluate audit procedures for obtaining audit evidence
  • Evaluate the planning process 6. Evaluate audit procedures

Cash and Treasury Management

On completion of this unit you will:

  • Use statistical techniques and financial information to prepare forecasts of cash receipts and payments
  • Prepare cash budgets and monitor cash flows within the organisation
  • Evaluate the principles of cash management within the context of regulation and government monetary policies
  • Evaluate ways of raising finance in accordance with organisational requirements
  • Evaluate ways of investing surplus funds within organisational policies

Credit Management

On completion of this unit you will:

  • Analyse relevant legislation and contract law that has an impact on the credit control environment
  • Critically analyse information from a variety of sources to assess credit risk and grant credit in compliance with organisational policies and procedures
  • Evaluate a range of techniques to collect debts
  • Critically evaluate credit control in line with organisational policies and procedures
  • Present advice and recommendations to management on the credit control system

For the best chance of success, we recommend that students begin with a good standard of English and maths. Professional Accountants work at the heart of a business and are expected to be able to communicate information clearly and appropriately to a given audience. Ideally, students should also have completed the AAT Foundation and Advanced level qualifications.

AAT recommends that students use AAT Skills Check to ensure that they are ready to start on a particular qualification.

AAT Student Membership

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

If you have been declared bankrupt, entered into an arrangement with creditors, the subject of a County Court Judgement (CCJ), or any criminal convictions or civil sanction, you will need to provide details about the circumstances when you register.

Answering ‘yes’ to one or more of these declarations while registering isn’t necessarily a bar to AAT membership but AAT must consider the suitability of the applicant to ensure that, as a member of AAT, the person will maintain public confidence in the accountancy profession.

Becoming an AAT student member is essential so that you can:

  • Study AAT bookkeeping and accounting qualifications
  • Access the AAT website via your learndirect portfolio
  • Sit AAT assessments and computer-based exam
  • Access resources and support to help you succeed in your studies and progress your career.

When studying 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 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.

In September 2016 AAT introduced a new type of assessment - synoptic assessments. Synoptic assessments will test your understanding of connections between the different topics covered across the qualification. Synoptic assessments are sat towards the end of the qualification and are taken at specific times of the year.

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 £70-£80.

AAT

Upon successful completion of this course you will be awarded the AAT Professional Diploma in Accounting Level 4 (Qualification Number: 601/6551/0)

The AAT Professional Diploma in Accountancy can give qualified students exemptions towards all or parts of the UK’s chartered and certified accountancy qualifications. The following chartered bodies offer exemptions to AAT students:

  1. The Chartered Institute of Public Finance and Accountancy (CIPFA)
  2. The Institute of Chartered Accountants in England and Wales (ICAEW)
  3. The Association of Chartered Certified Accountants (ACCA)
  4. The Chartered Institute of Management Accountants (CIMA)

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

Once you achieve the AAT Professional Diploma in Accounting Level 4 you should aim to apply for Accountant, or Senior Accountant roles with salaries ranging from £30,000 - £43,000 per year.

AAT Salary Guide

Source: AAT Salary Guide 2017

Salary Indicator

Salary Projection
Entry Accountant
£30k
Accountant
£35k
Senior Accountant
£43k
Average Salary
after completing
Source: AAT Salary Guide 2017
£35k

You can earn an average of £35,000 a year

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