AAT Level 3 Diploma in Accounting

Gain essential, practical skills that employers need

Level 3 is where things start to get interesting! You will learn all of the skills required to:

• prepare final accounts
• learn more advanced management accounting techniques
• spreadsheets, ethics as well as covering international aspects of VAT.

The purpose of this qualification is to ensure that students are well prepared to progress into a career in business, finance or professional accountancy.

Our mission is to make your studies affordable, enjoyable and successful.

In this Level 3 Diploma qualification you will master more complex accounting disciplines including financial processes, advanced bookkeeping, final accounts and ethical practices for accountants.

Subjects/Exams are as follows:

FAPS Financial Accounting: Preparing Financial Statements

1. Understand the accounting principles underlying final accounts preparation
2. Understand the principles of advanced double-entry bookkeeping
3. Implement procedures for the acquisition and disposal of non-current assets
4. Prepare and record depreciation calculations
5. Record period end adjustments
6. Produce and extend the trial balance
7. Produce financial statements for sole traders and partnerships
8. Interpret financial statements using profitability ratios
9. Prepare accounting records from incomplete information

TPFB Tax Processes for Businesses

1. Understand legislation requirements relating to VAT
2. Calculate VAT
3. Review and verify VAT returns
4. Understand principles of payroll
5. Report information within the organisation

MATS Management Accounting Techniques

1. Understand the purpose and use of management accounting within organisations
2. Use techniques required for dealing with costs
3. Attribute costs according to organisational requirements
4. Investigate deviations from budgets
5. Use spreadsheet techniques to provide management accounting information
6. Use management accounting techniques to support short-term decision making
7. Understand principles of cash management

BUAW Business Awareness

1. Understand business types, structures and governance, and the legal framework in which they operate
2. Understand the impact of the external and internal environment on businesses, their performance and decisions
3. Understand how businesses and accountants comply with principles of professional ethics
4. Understand the impact of new technologies in accounting and the risks associated with data security
5. Communicate information to stakeholder

What our learners say:

"McArthur Online make studying while working full time so easy. All material you need is easily accessible through the online portal whenever you have time to study. The quality of the video lectures is excellent, and Jon teaches the syllabus in a way that is easy to understand. I have found the past assessment videos particularly useful as you feel fully prepared before sitting each exam. I have completed Level 2 and Level 3 of the Accountancy Course through McArthur Online and achieved Distinctions in both. Looking forward to starting Level 4." Andy Thomas

It is also suitable for those who are at a more intermediate level and looking to develop their skills in accounting, or for those who have already started working in finance and want to attain a formal recognition of their skills.

To have previously completed Level 2 Accounting or Bookkeeping, as an understanding of double entry bookkeeping will be assumed.

Ideally, it's best if you can dedicate 3-4 hours of study per week but our online course fits in around your other commitments.

You'll need to sit your exams at an AAT approved exam centre, but we will advise you on this during the course.

The Advanced Diploma in Accounting can lead to employment as:

• Accounts Assistant
• Accounts Payable and Expenses Supervisor
• Accounts Payable Clerk
• Assistant Accountant
• Audit Trainee
• Bookkeeper
• Credit Controller
• Finance Assistant
• Payroll Administrator
• Payroll Supervisor
• Practice Bookkeeper
• Tax Assistant

Average salary £25,000 (AAT Salary Survey 2023)