During this qualification, you’ll study 3 core units and choose 2 optional units to complete from the following:
- Drafting and Interpreting Financial Statements
In this module you’ll explore how to create financial statements for single limited companies and consolidated financial statements for company groups. You’ll explore how regulation and theoretical frameworks apply to drafting limited company financial statements and you’ll examine international accounting standards and how these apply too.
- Applied Management Accounting
This module explores the process of creating a budget. You’ll examine how to create budgets, how to identify and report on areas of success and concern and you’ll look at the key skills that you’ll need to evaluate performance.
- Internal Accounting Systems and Controls
Over the course of this unit, you’ll look at the roles and responsibilities of accounting in an organisation and examine how to analyse accounting systems and operating procedures and identify weaknesses and solutions to them.
Optional units (Choose 2)
In this unit, you’ll look at how tax relates to businesses like sole traders, partnerships and limited companies. You’ll explore how to compute business taxes, as well as how to maintain a high ethical standard.
In this module, you’ll explore the three most common taxes that affect UK citizens – Income Tax, Inheritance Tax and Capital Gains Tax, examining how they are calculated.
Over the course of this unit, you’ll explore the principles, theory and rules behind audit and assurance services. You’ll also look at how to apply audit and assurance techniques to your own organisation’s accounting systems.
- Credit and Debt Management
This module explores debt management systems and what makes an effective credit control system. You’ll explore techniques that you can use to determine credit risks, keeping in mind broader legislation, principles and policies.
- Cash and Financial Management
This unit explores how to manage cash within an organisation, covering the essential knowledge, skills and expertise that you’ll need to make informed decisions on financing and investment that complies with organisational policies and external regulations. You’ll look at how to identify current and future cash transactions, how to eliminate non-cash items and how to prepare cash budgets.
The AAT Level 4 qualification’s core units are designed to develop your specialist accounting expertise and skills, grounding your learning in a practical, workplace context. You’ll explore real-life case studies, allowing you to develop a specialist, highly developed skill set that will enable you to respond to the most challenging, strategic accounting problems in your workplace.