The AAT Diploma in Accounting covers a range of accounting and finance skills in four mandatory units. This AAT (Association of Accounting Technicians) advanced level course is a mid-level accounting qualification, ideal for anyone who is looking to advance their existing knowledge of accounting.
Business Awareness
This unit provides students with an understanding of the business, its environment and the influence that this has on an organisation’s structure, the role of its accounting function and its performance. Students will examine the purposes and types of businesses that exist, and the rights and responsibilities of key stakeholders. Students will learn what the micro- and macro-economic environments are and the impact and influence that changes in these environments can have on performance and decisions. This will include an understanding of the basic business law relating to the preparation of financial statements for different types of entities. Students will learn about the concepts of risk, types of risk and risk management for a business.
Students will understand the importance of professional ethics and ethical management, and how the finance function interacts with other key business functions to enhance operational efficiency. Students will learn the core aspects of the ethical code for accountants and will apply these principles to analyse and judge ethical situations which could arise in the workplace. They will also understand how acting ethically stems from core personal and organisational values, as well as understanding the legal and regulatory framework for anti-money laundering.
Financial Accounting: Preparing Financial Statements
This unit provides students with the skills required to produce statements of profit or loss and statements of financial position for sole traders and partnerships using a trial balance. In employment, students may be required to prepare a portion of, or all, the final accounts and this unit will give them the theoretical knowledge needed to complete that task. It will also allow them to understand how final accounts have been produced, either manually or automatically through use of accounting software.
Management Accounting Techniques
This unit provides students with the knowledge and skills needed to understand the role of management accounting in an organisation, and how organisations use such information to aid decision making.
Administration Fee: £45.00
Awarding Organisation Fee: £275.00
Course Fee: £1,000.00
Successful completion of AAT Level 2 with commercial experience. You will need to attend an interview and pass an AAT Skills assessment.
After completing this course, successful candidates may continue onto the AAT Accounting Diploma Level 4 programme at the college, from which they can progress into chartered accountancy. Many students also pursue various employment opportunities within the sector.