AAT Level 4 Diploma in Professional Accounting

This AAT Level 4 Diploma in Professional Accounting course has been designed for experienced, knowledgeable accountants who are looking to take their careers to the next level.  During your studies, you'll explore several mandatory topics, as well as two specialist units which you can choose from the list of optional units.   AAT is the world's leading professional membership body for accounting technicians, working with members around the world. Their accounting courses are highly sought-after and as an AAT qualification, this accredited accounting qualification will help you to progress in your career.  You will need to complete your AAT exams to complete and achieve your qualification. You can choose to add your AAT exams to your enrolment. If you do not add your exams to your enrolment, you will be responsible for booking and paying for your exams. 

Course Content

Mandatory unit 1 Applied management accounting

• Understanding and implementing the organisational planning process.
• Use internal processes to enhance operational control.
• Use techniques to aid short-term and long-term decision-making.
• Analyse and report on business performance.

Mandatory unit 2 Drafting and interpreting financial statements

• Reporting frameworks that underpin financial reporting.
• Drafting statutory financial statements for limited companies.
• Drafting consolidated financial statements.
• Interpreting financial statements using ratio analysis.

Mandatory unit 3 Internal accounting systems and controls

• Roles and responsibilities of the accounting function within an organisation.
• Evaluating internal control systems.
• Evaluating an organisation’s accounting system and underpinning procedures.
• The impact of technology on accounting systems.

Optional unit 1 Business tax

• Preparing tax computations for sole traders and partnerships.
• Preparing tax computations for limited companies.
• Preparing tax computations for the sale of capital assets by limited companies.
• The administrative requirements of the UK’s tax regime.
• The tax implications of business disposals.
• Understand tax relief, tax planning, and agent’s responsibilities in reporting taxation to HM Revenue and Customs.

Optional unit 2 Personal tax

• Principles and rules that underpin taxation systems.
• Calculating UK taxpayers’ total income.
• Calculating income tax and national insurance contributions (NICs) payable to UK taxpayers.
• Calculating capital gains tax by UK taxpayers.
• Principles of inheritance tax.

Optional unit 3 Audit and assurance

• Understand the audit and assurance framework.
• Importance of professional ethics.
• The planning process for audit and assurance.
• Reviewing and reporting findings.

Optional unit 4 Cash and financial management

• Preparing forecasts for cash receipts and payments.
• Preparing cash budgets and monitoring cash flows.
• The importance of managing finance and liquidity.
• Understand the way of raising finance and investing funds.
• Regulations and organisational policies that influence decisions in managing cash and finance.

Optional unit 5 Credit and debit management

• Relevant legislation and contract law that impacts the credit control environment.
• How information is used to assess credit risk and grant credit in compliance with organisational policies and procedures.
• Understand the organisation’s credit control processes for managing and collecting debts.
• Techniques available for collecting debts.