AAT Level 3 Diploma in Accounting

At this intermediate level, you’ll master more complex financial processes, including final accounts for sole traders and partnerships, reports and returns and professional ethics.

This course is suited to people who:

• Have passed Level 2 Certificate in Accounting or have sufficient experience or knowledge which covers the required aspects
• Are already working in finance and looking to back this up with a qualification
• Want to work in accountancy in a larger company’s finance department or as an independent professional
• Run their own business and need to do their own accounting.

There are six mandatory units at the intermediate level.

Accounts preparation

• Understanding accepted principles of accounting and double-entry bookkeeping
• Understanding accounting methods of recording non-current assets
• Accounting for purchase of non-current assets
• Accounting for depreciation and adjustments
• Accounting for disposal of non-current assets
• Preparing and extending the trial balance
• Understanding accepted principles of accounting and double-entry bookkeeping
• Understanding accounting methods of recording non-current assets
• Accounting for purchase of non-current assets
• Accounting for depreciation and adjustments
• Accounting for disposal of non-current assets
• Preparing and extending the trial balance.

Prepare final accounts for sole traders and partnerships

• Understanding the process involved in preparing final accounts
• Preparing accounting records from incomplete information
• Producing final accounts for sole traders
• Understanding partnerships’ legislative and accounting requirements
• Preparing a statement of profit or loss appropriation account
• Preparing a financial position statement relating to a partnership
• Understanding the process involved in preparing final accounts
• Preparing accounting records from incomplete information
• Producing final accounts for sole traders
• Understanding partnerships’ legislative and accounting requirements
• Preparing a statement of profit or loss appropriation account
• Preparing a financial position statement relating to a partnership.

Cost and revenues

• Understanding an organisation’s costing systems
• Recording and analysing cost information
• Apportioning costs to organisational requirements
• Analysing budget deviations and reporting these to management
• Using information gathered from costing systems to assist decision making
• Understanding an organisation’s costing systems
• Recording and analysing cost information
• Apportioning costs to organisational requirements
• Analysing budget deviations and reporting these to management
• Using information gathered from costing systems to assist decision making.

Professional ethics

• Understanding principles of ethical working
• Understanding ethical behaviour when working with internal and external customers
• Understanding when and how to take appropriate action following suspected ethical codes breaches
• Understanding the ethical responsibility of finance professionals in promoting sustainability
• Understanding principles of ethical working
• Understanding ethical behaviour when working with internal and external customers
• Understanding when and how to take appropriate action following suspected ethical codes breaches
• Understanding the ethical responsibility of finance professionals in promoting sustainability

Indirect tax

• Understanding VAT regulations
• Completing VAT returns accurately and on time
• Understanding VAT penalties and adjusting for previous errors
• Communicating VAT information
• Understanding VAT regulations
• Completing VAT returns accurately and on time
• Understanding VAT penalties and adjusting for previous errors
• Communicating VAT information.

Spreadsheets software

• Using a spreadsheet to enter, edit and organise numerical and other data
• Selecting and using appropriate formulae and data analysis tools and techniques
• Presenting, formatting and publishing spreadsheet information

Must have passed Level 2 Certificate in Accounting or have sufficient knowledge / experience to tackle this course at this level. Student can work through an online ‘skill check’ for guidance.

• Accounts Payable Supervisor
• Assistant Accountant
• Audit Trainee
• Bookkeeper
• Corporate Recovery Analyst
• Credit Controller
• Finance Assistant
• Insolvency Executive
• Tax Accountant
• Tax Assistant.