AAT Level 3 Syllabus Tips and Guidance

KBM Academic Team of Highly Qualified Accountants is here to explain the Syllabus of AAT Level 3.

Join KBM Training & Recruitment Ltd. (KBM); we have highly qualified accountants and industry experts to provide you with the best study support and tuition on the AAT Courses.

Units of the AAT Level 3 Syllabus

The AAT Level 3 course includes six units; each will be building your knowledge and developing your skills towards your career pathway.

Unit No. 1: Advanced Bookkeeping 

This unit teaches you how to use subdivided accounting for reconciliations and trial balancing, the right way to dispose of non-current assets and prepare accounts for bad debts. This unit includes the following eight sections:

  • Accounting principles and concept (generally accepted)
  • Double-entry bookkeeping principles 
  • Accounting methods to record non-current assets
  • Account for the purchase (non-current assets)
  • Depreciation Account
  • Consideration on disposal of non-current assets
  • Adjustments Account
  • Preparation and extension of the trial balance

Unit No. 2: Final Accounts Preparation

Unit no. 2 will include the accounting system for various types of business, recording changes to partnership structures and preparation of accounts incomplete records basis. This unit will comprise:

  • Understanding the processes of the preparing final accounts
  • Preparing account records through incomplete information
  • Preparation of final reports for entrepreneurs
  • Understanding of legislative and accounts requirements for partnerships of business
  • Statement of profit and loss account 
  • Statement of financial position for partnership

Unit No. 3: Indirect Tax

This unit covers legislation and its relation to cost; after this unit, you will know how to prepare a VAT return. This unit includes:

  • Understanding about VAT penalties and making adjustments on previous errors
  • Prompt completion of VAT returns 
  • Understanding about VAT rules regulations

Unit No. 4: Management Account

This unit of study will explore various costs and revenues in relation relating to business management. This unit includes:

  • Knowledge of the nature and role of costing systems within an organisation
  • Recording and analysing cost information
  • Apportion costs as per organisational requirements
  • Analyse deviating budget and learning about explaining these to top management
  • Using data collected from costing systems in decision-making

Unit No. 5: Ethics for Accountants

Ethical guidelines in accounting are critical, and this will help you through the different ethical guidelines and legalities that you need to apply. This unit will cover:

  • Understanding of the principles of ethical working
  • Knowledge of ethical behaviour when working with internal and external customers
  • Learning about "when and how to take appropriate action" following any suspected breaches of moral codes
  • Understanding of the ethical responsibility of finance and accounting professional in enhancing sustainability

Unit No. 6: Spreadsheets for Accounting

Unit no. 6 is the last unit which makes you capable of putting spreadsheets in use to an advanced level in accounting. This unit will enable you to use appropriate formulas and formatting rules and guidelines; this will include:

  • Using a spreadsheet to put in, edit and organise numerical/other data.
  • Selection and the usage of appropriate formulas and analysis tools for data, techniques for meeting requirements
  • Using necessary techniques to present, format and publish spreadsheet information.

Suitability of the Course

This course helps you build and upgrade the skills you have gained from the AAT level 2, so our recommendation is to get that first. In case you have experience in an accounting job role, then this course is best suited for you. Additionally, you can discuss with us if you are not sure which level is perfect for you. You also need;

  • An AAT Approved centre where you can sit for exams
  • A third-party payee if you are less than 18 years old
  • Functional knowledge of English and a 6.5 in IELTS or equivalent if English is not your first language
  • Computer literacy and access to a phone/tablet/laptop with Internet facility

Following are the specific responsibilities which vary for the role of an Accountant:

  • Monitoring and tracking the company's income and expenditures
  • Running of payroll
  • Conduct audits
  • Identify financial risks and irregularities
  • Advice on budget, make recommendations to increase profit

What are the career options open up through Level 3?

You'll also be eligible for AAT Bookkeeper (AATQB) status, here are a couple of example roles:

  • Finance Officer with an average salary of £24,000
  • Assistant Accountant with an average wage of £26,000

Why learn AAT at KBM?

  • KBM is AAT accredited and approved training provider across London and Birmingham
  • Providing expert classroom-based support 
  • Practice and AAT subjects integrated to make sure you get the best of them both
  • Performance and training milestones - e-portfolio to track your integrated into academic modules of AAT
  • CPD Certification is essential to become an AAT Member combined with all AAT Levels.
  • Weekend and evening classes
  • Three certificates from 1 course (one from AAT, one from CPD and one from XERO)
  • CV preparation, mock interview and Job hunting support/Tips.
Contact us