AAT Level 4 Diploma for Accounting Technicians
Vocational qualification
Distance
Description
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Type
Vocational qualification
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Methodology
Distance Learning
Reviews
Course programme
Course Details
Completing the AAT (Association of Accounting Technicians) Level 4 Diploma is the final leg of attaining the full Accounting Technician status. Obtaining the level of Accounting Technician will vastly improve your prospects and widens the range of accounting roles available to you. Some of the roles included in this could be corporate finance, insolvency, forensic accounting and more.
The AAT Level 4 Diploma has been designed to allow you to focus on specialist study units enabling you to choose specific areas of accountancy if you wish. There are a total of 7 study units on the AAT Diploma which can be purchased and studied separately. You will be able to learn an extensive variety of skills including how to develop management competence, drafting statements for limited companies and performing complicated management accounting tasks.
In order to complete the Level 4 AAT Diploma you will need to successfully complete 6 of the 7units available. The AAT Level 4 Diploma for Accounting Technicians qualification is equivalent to the first year of an honours degree.
It is worth noting that the AAT Unit 32 can be undertaken at either Level 3 or Level 4. If you have already completed this unit at Level 3 you do not need to complete it again and should advance to Unit 11.
*Please note that if you have a criminal record or have been made bankrupt the AAT may not accept you to sit the exam.
Qualifications
Upon successful completion of the course you will be accredited with the Association of Accounting Technicians (AAT) Level 4 Diploma for Accounting Technicians.
This course will also enable you to progress to chartered accountancy or study for a degree and allows entry to and/or exemptions from the following:
The Institute of Chartered Accountants of Scotland (ICAS)
The Association of Chartered Certified Accountants (ACCA)
The Institute of Chartered Accountants in England and Wales (ICAEW)
The Chartered Institute of Management Accountants (CIMA)
Chartered Institute of Public Finance and Accountancy (CIPFA)
Many degree courses at universities and other higher education (HE) institutions
The Association of Accounting Technicians (AAT) has over 100,000 members worldwide and is recognised as the leading body in the Accounting industry. The advanced certificate is sure to stand you out from the crowd and assist you in working in highly regarded accounting roles.
Study Plan
The AAT Level 4 Diploma has 7 study units which can be studied separately. Each study unit covers different aspects of accounting topics. Please see below for details of which topics and subjects each study unit will cover:
Unit 32
Introduction to Ethics
Taxation Services
The employed member
Acting with sufficient expertise
Independence
New clients and charging for services
Names and letterheads of practices
Changes in professional appointment
Legal considerations
AAT's Guidelines on Professional Ethics
Retention of books, working papers and other documents
Money laundering regulations
Definition of a member in practice and expected conduct
Potential conflicts
Threats to independence
Advertising Professional Services
Accepting a new appointment
Letters of engagement
Professional liability of members & Indemnity Insurance
Ownership of books and records
Unit 11
Draft limited company financial statements from appropriate information
Performance criteria
Financial statements comply with relevant accounting standards
Identify and implement adjustments
Prepare and interpret a limited company cash flow
Confidentiality procedures
Interpret limited company financial statements
The general purpose of financial statements
Unusual features or significant issues within financial statements of limited companies
Relationships between the elements within financial statements
Conclusions within financial statements
Present issues, interpretations and conclusions
Unit 33
Developing forecasts and budgets of demand, turnover, expenditure, resources to be consumed and capital expenditure
Identifying other information, such as competitors' prices and market trends, from external sources
Using forecasts to prepare budgets for income and expenditure
Monitoring and analysing costs against trends and standards
Finding the major sources of information on prices, costs and availability
Identifying and calculating performance indicators
Unit 10
External regulations affecting accounting practices
Common types of fraud
The implications of fraud
Methods of work planning and scheduling
Personal time management techniques
Methods of measuring cost-effectiveness
Methods of fraud detection within accounting systems
Techniques for influencing and negotiating with decision makers & resource holders
Principles of supervision and delegation
Principles of creating effective inter-personal relationships, team building and staff motivation
The impact on an accounting system of organisational structure, Management Information Systems, administrative systems and procedures and the nature of its business transactions
The organisation's business and its relationships with external stakeholders
The purpose, structure and organisation of the accounting system and its inter-relation with other internal functions
The control of resources by individuals within the organisation
Unit 17
Reviewing systems
Identifying control objectives
Risk assessment
Understanding control weaknesses
Verifying account balances
Confidentiality and security procedures
Consultation with appropriate personnel
Conducting tests and recording the results
Recording assets and liabilities
Identifying audit errors
Examining and assessing the IT environment
Producing clear and concise reports in accordance with organisation procedures
Unit 18
Classifying expenditure on capital assets
Checking against current tax law and HMRC
Adjustments for tax purposes
Partnership profit and losses
National Insurance contributions
Identify and valuing chargeable assets
Share disposal
Calculating chargeable gains and allowable losses
Applying reliefs, deferrals and exemptions
Adjusting for trading profit and losses, capital allowances, investment income and capital gains
Calculating corporation tax
Identifying and setting off income tax deductions and credits
Unit 19
Preparing emoluments
Adding employment income to a tax return
Preparing schedules on dividends and interest
Determining profits and losses form property
Applying deductions and reliefs and claiming loss set offs
Listing general, savings, and dividend income
Updating the tax return with property and investment income
Calculating and deducting charges and personal allowances
Calculating income tax payable
Identify and value disposed of chargeable personal assets
Identify shares disposed of by individuals
Calculating chargeable gains and allowable losses
AAT Level 4 Diploma for Accounting Technicians