AAT Level 4 Professional Diploma in Accounting (Daytime)
This is the final stage of the AAT Accounting qualifications and builds on the knowledge gained in the Advanced Diploma (Level 3). It focuses on high-level accounting and finance tasks, including drafting financial statements for limited companies, recommending accounting systems strategy, and constructing complex management accounting reports. 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).
“I enjoy the social aspects of my apprenticeship for example holding meetings and helping the agents on cases. The units have been relevant to my job role which helps me to ensure that I have knowledge to bring to my workplace.”
“I love the freedom I’ve been given in my office environment to work and develop. When I first started, I was given my own set of suppliers to manage and deal with. Since then, I’ve been able to confidently contact them and sort out payments, queries etc. I also enjoy how everything I learn in college reflects my role in the office, helping me to further develop my skills.”
Natasha Mathias, Accounting Apprentice
To successfully achieve the qualification, students will have to complete four mandatory and two optional units. The mandatory units include Financial Statements of Limited Companies, Management Accounting - Budgeting, Management Accounting - Decision and Control, and 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.
Financial Statements of Limited Companies - 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. Management Accounting - Budgeting - This unit is about the use of budgeting for planning, coordinating and authorising the activities of an organisation and for controlling costs. It provides skills and knowledge to improve the performance of an organisation by setting targets, constructing achievable plans and monitoring results. Students will develop a range of skills within the context of planning and control. These include management accounting, statistical analysis, written communication and variance analysis. The application of standard costing and its links to budgeting is also included, although the topic is covered in detail in the Management Accounting: Decision and Control unit. Management Accounting - Decision and Control - This unit is one of the mandatory Professional level units. It takes students from Advanced level costing principles and prepares them to be valuable members of a management accounting finance team.
Accounting Systems and Controls - This unit aims to enable students to demonstrate their understanding of the role of the accounting function in an organisation and the importance of internal controls in minimising the risk of loss. Students will undertake an evaluation of an accounting system to identify weaknesses and assess the impact of those weaknesses on the operation of the organisation.
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.
Students should have AAT Level 3 Diploma in Accounting or equivalent, 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.
AAT Level 4 Professional Diploma in Accounting
Progression may be onto further related study and enhanced employment opportunities within this area, with certain exemptions for CIMA and ACCA.
There are six 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.
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
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
An annual membership 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.
14 - 18 year olds
In most cases students aged 14-18 years old on a substantial study programme will NOT be required to pay fees and most course-specific equipment and materials will be funded by the College. This excludes stationary, non-curriculum trips and a £15 enrichment fee.
19 years and over
Students aged 19 years and over may be required to pay fees. For details of fee remission and loans for students over the age of 19 click here. 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 prior to enrolment. If you think you may be entitled to financial support or fee remission, or you would like more information on the additional costs associated with your chosen course, please contact us.