AAT Level 4 - Professional Level Accounting Course

This level of AAT Diploma in Accounting qualification is at highest level and includes the final units and it’s the last level to get in depth Accounting Specialist Qualification. In Level 4, the difficulty level of subjects and exam is much difficult as compare to the previous AAT levels but the hard work lets you become a MAAT after satisfying the knowledge and skills requirements. After the completion of this qualification, it also opens the door to more advanced level of accounting qualifications like ACCA, CIMA and ICAEW.

Unlike AAT Level 2 and AAT Level 3 , the valuation will consist of some written elements to them, meaning a higher level of skills and understanding will be needed about the different topics covered as you will be required to present them in further detail.

Like other levels of AAT, we have combined practical elements at high level, like management accounts training and final accounts training, this includes on working Sage accounts production and computing the Corporation tax, CT600 for the companies

Course Details:

Learners should be able to do the following,

  •  Completion of limited company’s statutory financial statements
  •  Interpret financial statements using ratio analysis
  •  Prepare budgets and income expenditure forecasts
  •  Measure performance and manage costs
  •  Prepare performance reports for management
  •  Write a professional report based on the internal control of an accounting system
  •  Complete a corporation tax return Complete a self-assessment tax return

Optional components, selecting two units from the following:

  • Business Tax
  • Personal Tax
  • External Auditing
  • Cash and Treasury Management
  • Credit Management

Course Break Down:

LEVEL 4 Professional Diploma/ Certificate in Accounting

Management Accounting: Budgeting

  • Prepare forecasts of income and expenditure
  •  Prepare budgets
  •  Demonstrate how budgeting can improve organisational performance
  •  Report budgetary information to management in a clear and appropriate format

Accounting Systems and Controls

  • Demonstrate an understanding of the role and responsibilities of the accounting function within an organisation
  • Evaluate internal control systems
  • Evaluate an organisation’s accounting system and underpinning procedures
  • Analyse recommendations made to improve an organisation’s accounting system

Financial Statements of Limited Companies

  • Demonstrate an understanding of the reporting frameworks and ethical principles that underpin financial reporting
  • Demonstrate an understanding of the key features of a published set of financial statements
  • Draft statutory financial statements for a limited company
  • Draft consolidated financial statements
  • Interpret financial statements using ratio analysis

Management Accounting: Decision and Control

  • Analyse a range of costing techniques to support the management accounting function of an organisation
  • Calculate and use standard costing to improve performance
  • Demonstrate a range of statistical techniques to analyse business information
  • Use appropriate financial and non-financial performance techniques to aid decision making
  • Evaluate a range of cost management techniques to enhance value and aid decision making

Business Tax

  • Complete tax returns for sole traders and partnerships and prepare supporting tax computations
  • Complete tax returns for limited companies and prepare supporting tax computations
  • Provide advice on the UK’s tax regime and its impact on sole traders, partnerships and limited companies
  • Advise business clients on tax reliefs, and their responsibilities and their agent’s responsibilities in reporting taxation to HMRC
  • Prepare tax computations for the sale of capital assets

Personal Tax

  • Analyse the theories, principles and rules that underpin taxation systems
  • Calculate a UK taxpayer’s total income
  • Calculate income tax and National Insurance (NI) contributions payable by a UK taxpayer
  • Account for capital gains tax
  • Discuss the basics of inheritance tax

External Auditing

  • Demonstrate an understanding of the principles of auditing
  • Demonstrate the importance of professional ethics
  • Evaluate the audited entity's system of internal control
  • Evaluate audit procedures for obtaining audit evidence
  • Evaluate the planning process
  • Evaluate audit procedures

Cash and Treasury Management

  • Use statistical techniques and financial information to prepare forecasts of cash receipts and payments
  • Prepare cash budgets and monitor cash flows within the organisation
  • Evaluate the principles of cash management within the context of regulation and government monetary policies
  • Evaluate ways of raising finance in accordance with organisational requirements
  • Evaluate ways of investing surplus funds within organisational policies

Credit Management

  • Analyse relevant legislation and contract law that has an impact on the credit control environment
  • Critically analyse information from a variety of sources to assess credit risk and grant credit in compliance with organisational policies and procedures
  • Evaluate a range of techniques to collect debts
  • Critically evaluate credit control in line with organisational policies and procedures
  • Present advice and recommendations to management on the credit control system
Contact us