Do you want a fulfilling career in accountancy? Have you passed AAT Level 3 or
an equivalent accounting qualification? We can help you reach your goal by
studying AAT Level 4.
This level builds on the knowledge you gained in the Level 3 Diploma. You will
cover higher accounting tasks including drafting financial statements, managing
budgets, and evaluating financial performance. There are also optional
specialist units including business tax, personal tax, auditing, credit
management, and cash and financial management. After qualifying you can work in
accounting roles or progress onto studying chartered accountancy.
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ABOUT AAT LEVEL 4 DIPLOMA IN PROFESSIONAL ACCOUNTING
Entry Requirements
To progress comfortably on this course, you’ll need to have good accounting
knowledge and be able to perform all the financial and management accounting
tasks which are tested on the AAT Level 3 course. Plus you’ll need a good
standard of English literacy and basic Maths skills. We recommend you register
with AAT before starting this course. This will give you your AAT student
number, which enables you to enter for assessments.
AAT Level 4 Diploma in Professional Accounting syllabus
By the end of this course, you’ll be able to apply complex accounting
principles, concepts, and rules to prepare the financial statements of a limited
company. You’ll also learn management accounting techniques to aid decision
making and control, prepare and monitor budgets, and measure performance.
This level consists of compulsory and optional units:
COMPULSORY UNITS
DRAFTING AND INTERPRETING OF FINANCIAL STATEMENTS (DAIF)
* The reporting frameworks that underpin financial reporting
* How to draft statutory financial statements for limited companies
* How to draft consolidated financial statements
* How to interpret financial statements using ratio analysis
APPLIED MANAGEMENT ACCOUNTING (AMAC)
* The organisational planning process
* How to use internal processes to enhance operational control
* How to use techniques to aid short-term and long-term decision making
* How to analyse and report on business performance
INTERNAL ACCOUNTING SYSTEMS AND CONTROLS (INAC)
* The role and responsibilities of the accounting function within an
organisation
* How to evaluate internal control systems
* How to evaluate an organisation’s accounting system and underpinning
procedures
* The impact of technology on accounting systems
* How to recommend improvements to an organisation’s accounting system
OPTIONAL UNITS (CHOOSE TWO)
BUSINESS TAX (BNTA)
* How to prepare tax computations for sole traders and partnerships
* How to prepare tax computations for limited companies
* How to prepare 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
* Tax reliefs, tax planning opportunities and agent’s responsibilities in
reporting taxation to HM Revenue and Customs
PERSONAL TAX (PNTA)
* The principles and rules that underpin taxation systems
* How to calculate UK taxpayers’ total income
* How to calculate income tax and National Insurance Contributions (NICs)
payable by UK taxpayers
* How to calculate capital gains tax payable by UK taxpayers
* The principles of inheritance tax
AUDIT AND ASSURANCE (AUDT)
* The audit and assurance framework
* The importance of professional ethics
* How to evaluate the planning process for audit and assurance
* How to evaluate procedures for obtaining sufficient and appropriate evidence
* How to review and report findings
CASH AND FINANCIAL MANAGEMENT (CSFT)
* How to prepare forecasts for cash receipts and payments
* How to prepare cash budgets and monitor cash flows
* The importance of managing finance and liquidity
* Ways of raising finance and investing funds
* Regulations and organisational policies that influence decisions in managing
cash and finance
CREDIT AND DEBT MANAGEMENT (CRDM)
* The 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
* The organisation’s credit control processes for managing and collecting debts
* Different techniques available to collect debts
How is this course assessed?
The Level 4 course is assessed by unit assessments.
UNIT ASSESSMENT
The Level 4 course is assessed by unit assessments. A unit assessment only tests
knowledge and skills taught in that unit. At Level 4 they are:
* Available on demand
* Scheduled by and sat at AAT approved assessment venues
* Marked by the AAT and the results are released after six weeks
GETTING YOUR RESULTS
Assessment results will be available in your MyAAT account when they are
released.
GRADING
To be awarded the AAT Level 4 Diploma in Accounting qualification you must
achieve at least a 70% competency level in each unit assessment.
RESITS
You can resit an assessment to improve your grade. Results from the assessment
with the highest marks will be used to calculate your final grade. There are no
resit restrictions or employer engagement requirements for any fee paying
student on any of our AAT courses.
What’s included, and what support will I get?
* Partnering with the best, you’ll always have access to market leading tutor
led online learning modules and content developed by Kaplan and Osborne
books. All day, every day for as long as you subscribe.
* Unlimited access to the AAT Level 4 content with the use of all other levels,
allowing you to recap
* previous levels at no extra cost
Instant access to our unique comprehensive Study Buddy learning guide
* Access to Consolidation and Progress Tests and computer and self marked Mock
Exams.
* You’re fully supported with access to expert tutors, seven days a week,
responding via email within four working hours
* You’ll be assigned a mentor to help and guide you through the order of
subjects to study in, and check that the level you’re starting at is right
for you.
* Your subscription includes all the online content you need to succeed, but if
you want to supplement your learning with books, Eagle students get 50% off
hard copy study materials.
What could I do next?
After you’ve passed this level, you can work in a variety of jobs including
forensic accountant, tax manager, accountancy consultant, or finance analyst,
earning salaries of up to £37,000 as you advance and gain experience.
AAT full members (MAAT) and fellow members (FMAAT) are eligible for exemptions
that allow you to take the fast track route to chartered accountant status. You
can stay with the same training provider. Eagle offers affordable courses
approved by the ACCA (Association of Chartered Certified Accountants) to which
you can subscribe.
Additional costs
You are required to become a member of the Association of Accounting Technicians
(AAT) launch [https://www.aat.org.uk/membership] to fulfil your qualification.
Fees associated with admission, and exam fees, are in addition to the cost of
the course. Admission and membership fees are payable direct to AAT. Exam fees
are paid to the exam centre.
* AAT One off Level 4 Registration Fee: £240
* AAT Assessment Fees: £70 to £80 per unit but this can vary depending on where
you sit your assessment.
Please be aware that these are subject to change.