The purpose of the Level 4 Diploma in Professional Accounting is to enhance the skills developed from the Level 3 Diploma in Accounting, enabling students to maximise opportunities in their current or new employment. By studying for this qualification, students will acquire professional accountancy and finance skills that will be useful throughout their careers, including drafting financial statements for limited companies, having the knowledge and skills to use complex management accounting techniques, the ability to analyse accounting systems and their associated controls and having knowledge and skills in specialist accountancy and finance subjects. After qualifying you can work in accounting roles or progress onto studying chartered accountancy.

This qualification can be used as a route to AAT full membership (MAAT).

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  • Description

    To successfully achieve the qualification, students will have to complete three mandatory and two optional units. The mandatory units include Applied Management Accounting, Drafting and Interpreting Financial Statements and Internal Accounting Systems and Controls. The optional units include Business Tax, Personal Tax, Credit Management, Cash and Treasury Management and External Audit. Newbury College offers Business Tax and Personal Tax as the optional units.

    Drafting and Interpreting Financial Statements - This unit is concerned with the drafting, analysis, and interpretation of financial statements of limited companies. This builds on the Foundation and Advanced levels, where the emphasis of the financial accounting units is on identifying and recording transactions in accounts and ledgers following the principles of double entry bookkeeping and drafting the financial statements of unincorporated organisations from the accounts and records prepared.

    Applied Management Accounting - This unit will allow students to understand how the budgetary process is undertaken. Students will be able to construct budgets and then identify and report both on areas of success and on areas that should be of concern to key stakeholders. Students will also gain the skills required to critically evaluate organisational performance. Students will be equipped with the knowledge and skills across a range of systems that will help to enhance the control environment of the organisation. Appreciating that there are many methods and understanding how and when it is appropriate to use each of them, will allow students to advise a business in a range of situations. Students will also gain an appreciation of the methods used to deal with the issues surrounding both short-term and long-term decision making. It is vitally important to understand the different challenges and uncertainties between the two types of decision making. Only by appreciating and incorporating those differences into the analysis produced can a management accountant consider themselves to be an integral part of the decision-making process.

    Internal Accounting Systems and Controls - This unit teaches student to consider the role and responsibilities of the accounting function, including the needs of key stakeholders who use financial reports to make decisions. Students will review accounting systems to identify weaknesses and will make recommendations to mitigate identified weaknesses in future operations. Students will apply several analytical methods to evaluate the implications of any changes to operating procedures.

    Business Tax - This unit introduces the student to UK taxation relevant to businesses. It is about the computing of business taxation, preparation of tax returns and how taxation has an impact on the running of a business for sole traders, partnerships and limited companies.

    Personal Tax - This unit is about the key aspects of taxation that affect UK taxpayers. It covers income tax, National Insurance, Capital Gains Tax and Inheritance Tax.

  • Entry Requirements

    Successful completion of the AAT Level 3 Diploma in Accounting or any equivalent qualification, along with GCSE (or equivalent) English and Maths.

    Good levels of numeracy and literacy are essential. You also need to be confident with computerised spreadsheets and methodical and accurate with your working.

  • Qualification

    AAT Level 4 Diploma in Professional Accounting

  • Progression

    Progression may be onto further related study and enhanced employment opportunities within this area, with certain exemptions for CIMA and ACCA.

  • Assessment

    There are five computer-based examinations. These examinations will take place at the end of each unit and are spread throughout the year. You need to successfully complete all exams in order to gain certification.

  • Home Study

    Approximately six to ten hours a week of independent study by way of homework is an essential and integral part of this course. You will also have to allow for exam preparation and revision

  • Work Placement

    Students do not need to be in relevant work to undertake this course although having some knowledge of bookkeeping in a work situation would be an advantage.

  • Fees and Additional Costs

    A qualification fee is paid direct to AAT. These fees are set by the AAT and are subject to yearly changes without notice. Students are also expected to pay exam fees and resit fees, if required. Students are also expected to buy course books/materials. Students are also be expected to pay for any resit examinations.

  • Programmes currently in progress

    Please be aware that this course has already started. Please call 01635 845000 to check if spaces are available

    Code Day Start End Times Fees*
    DL4AAT 222301 Tuesday 13/09/2022 27/06/2023 09:00 - 16:45 £2573

    Enquire now

* Terms and conditions apply. The fees stated on this website are for guidance purposes only and should be checked before enrolment. Unless otherwise stated, fees shown are for tuition only, over one term (Community Learning courses) or one academic year. Where a course is longer than one academic year, the fees stated are for the first year, and the cost of the second or subsequent years will be discussed at interview. For details of fee remission for students over 19 click here. If you think you may be entitled to a concession or fee remission, or you would like more information on the additional costs associated with your chosen course, please contact us on 01635 845000 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Fee information

16 - 18 year olds

In most cases, students aged 16-18 on a full-time study programme (including T Levels) will not be required to pay fees, and the College will fund most course-specific equipment and materials. This excludes stationary, non-curriculum trips and a £15 College Subscription.

19 years and over

Students aged 19 years and over may be required to pay fees. Our Fees, Funding and Financial Support page has details on financial support, fee remissions and loans. Please note that some courses may have additional registration, examination and/or materials fees. Where we have been unable to provide these additional costs in this information, they will be discussed with you before enrolment.

Funded programmes

Where course fees are fully funded (for example Maths, English and Essential Digital Skills), the course is free of charge to students, subject to eligibility.

Skills Bootcamps

Skills Bootcamps are fully funded and free of charge to learners. Employers who want to use Skills Bootcamps to train their existing employees contribute to the cost of training. See the Fees and Additional Costs for more information.