Accounting & Financial Services

The AAT LEVEL 3 DIPLOMA IN ACCOUNTING consists of six units:

1. Accounts preparation
You will perform more advanced bookkeeping functions such as accounting for non-current assets and accounting for adjustments.

2. Prepare final accounts for sole traders and partnerships
On completion of this unit you will be able to prepare financial statements for sole traders and partnerships.

3. Indirect tax
On completion of the unit you will be able to complete VAT returns and be able to deal with the most commonly occurring VAT issues in business.

4. Costs and Revenues
The purpose of this unit is to ensure you understand the role of costing in an organisation as an aid to management decision making.

5. Professional ethics
On completion of this unit you will have an excellent understanding of the ethical responsibility of the accounting and financial professional.

6. Spreadsheet software
As an accounting professional, you should be able to perform complex calculations quickly and efficiently. This unit has been designed to develop your skill and competencies in handling large amounts of data.

For IFs Level 2 Certificate in Financial Education you will study three units for this qualification:
1. Finance, the Individual and Society
2. Practice of Managing Money
3. Financial Capability, Work and Enterprise.

For the AAT qualification you will be assessed by completing online computer based tests and projects. The IFS qualification is assessed by multiple choice tests and a case study.

In addition, to these formal assessments, you will complete a variety of progress assessments both in class and using the Virtual Learning Environment.

All full time students at Oldham College will have at least one week’s work experience placement.

The work experience programme will allow you to gain valuable experience and skills to enhance your CV and UCAS statement.

Completion of the AAT Level 3 Diploma in Accounting gives a student 160 UCAS points.

This qualification offers excellent progression opportunities. For example, you may want to go on to study at University Campus Oldham (UCO). In addition, more than 30 UK universities and higher education institutes offer exemptions to AAT qualified students enrolling on accounting and finance-related degrees.

Alternatively, you could choose to continue your AAT studies at Oldham College under a Level 4 Higher Apprenticeship.