Accounting Level 4

The AAT Level 4 Diploma in Accounting is the final level of the AAT qualification and will enhance the skills developed in the intermediate level, or who have an Accounts related degree.  You’ll look at financial team leader skills, including financial statements for limited companies, complex management skills and specialist learning areas.

Upon completion, you will automatically become an AAT affiliate member and with relevant work experience will qualify for AAT full membership.

The qualification is also designed to prepare candidates for progression to further professional qualifications.

The AAT Diploma in Accounting consists of four mandatory units and two specialist units.

Mandatory units: 

1. Financial Statements of Limited Companies

  • Understanding the regulatory framework underpinning financial reporting
  • Understanding key features of published financial statements
  • Drafting a limited company’s statutory financial statements
  • Drafting consolidated financial statements
  • Interpreting financial statements using ratio analysis


2. Management Accounting:  Budgeting

  • Preparing budgets and income and expenditure forecasts
  • Assessing budgetary impact of internal and external factors
  • Using budgetary control to improve organisational performance


3. Management Accounting: Decision and Control

  • Collating and analysing cost information from various sources
  • Measuring performance and managing costs appropriately
  • Making suggestions for improving financial performance by monitoring and analysing information
  • Preparing performance reports for management.


4. Accounting Systems and Controls  

  • Understanding importance and use of internal control systems
  • Evaluating the accounting system and identifying areas for improvement
  • Conducting ethical and sustainability evaluations of accounting systems
  • Making recommendations to improve the accounting system


Specialist units:

1. 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


2. Credit control

  • Understanding relevant legislation and impact on credit management
  • Using information from various sources to grant customers’ credit within organisational guidelines
  • Using a range of techniques for debt collection
  • Monitoring and controlling credit supply

For the AAT qualification you will be assessed by completing online computer based tests and a synoptic assessment which will comprise of the 4 mandatory units.
In addition, to these formal assessments, you will complete a variety of progress assessments both in class and using the Virtual Learning Environment.   

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 will have exemptions for chartered accounting studies with ACCA, CIMA and ACA.
On successful completion of this qualification you will be able to progress to the following programmes which are offered by University Campus Oldham (UCO)
FdA Financial and Professional Services
FdA Business Management
BA (Hons) Business Management
To apply for this course, you will need to have completed AAT L3 Diploma in Accounting or have an accounting related degree. 
AAT L3 Accounting and Financial Services

The price for this course is £2000 including examination and assessment fees (to be confirmed for the next academic year).

You will be expected to provide/buy:

  • Appropriate course books (approx £89)
  • Calculator, paper, pens (approx £12)


Other additional costs are:

  • Your AAT student membership fee of £86 (yearly) and an initial admission fee of £40 charged by the AAT. Please check the AAT website for a fees update: “www.aat.org.uk”.

IMPORTANT NOTE: Due to the professional nature of this course you need to register as a student member with the AAT by the end of September. The college will need to withdraw you from the course should you not be able to join as a member by that date.

This is a full cost recovery course ie there is no government subsidy available.

Careers

After completing AAT Level 4 Diploma in Accounting your typical salary range will be between £12,600 to £26,000.

This salary range is taken from AAT’s 2013 Salary Survey for people working full-time. The range represents the middle 75% at this level of the qualification.  National Careers Advice

Study Programme


All students at Oldham College will participate in a personalised study programme that will maximise your potential and enable you to progress onto employment, apprenticeships or higher education.

This means you will:

  • Study a core qualification in a vocational discipline and continue to develop your English and Maths skills through functional skills, GCSE resits and the option of Level 3 qualifications
  • Participate in meaningful work experience
  • Enjoy a range of enrichment opportunities e.g. basketball, archery, skiing and sign language
  • Take part in dedicated tutorial sessions to review your progress and development