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Professional Accounting Level 4 - Association of Accounting Technicians (AAT) Diploma

Part-Time, Apprenticeship
Level 4
Sketty Hall
34 weeks


At this level you will look at and become comfortable with a wide range of financial management skills and applications, and will gain competencies in drafting financial statements for limited companies, recommending accounting systems strategies and constructing and presenting complex management accounting reports.

You will also learn about specialist areas such as tax, auditing, credit and debit management and cash and financial management.

Key themes have also been introduced throughout the suite of accounting qualifications, including technology, ethics, sustainability and communication.

Units Include:-
Applied Management Accounting:

Unit covers: - Understanding and implement the organisational planning process, use internal processes to enhance operational control, use techniques to aid short-term and long-term decision making, analyse and report on business performance

Drafting and Interpreting Financial Statement
Unit covers: - Understanding the reporting frameworks that underpin financial reporting, Draft statutory financial statements for limited companies, Draft consolidated financial statements, Interpret financial statements using ratio analysis.

Internal Accounting Systems and Controls
Unit covers: -Understanding the role and responsibilities of the accounting function within an organisation, evaluate internal control systems, evaluate an organisation’s accounting system and underpinning procedures, understand the impact of technology on accounting systems, recommend improvements to an organisation’s accounting system

Plus two out of five optional subjects:-

Credit and Debt Management
Unit covers: -Understanding relevant legislation and contract law that impacts the credit control environment, understand how information is used to assess credit risk and grant credit in compliance with organisational policies and procedures, understand the organisation’s credit control processes for managing and collecting debts, understand different techniques available to collect debts

Personal tax
Unit covers: -Understanding principles and rules that underpin taxation systems, calculate UK taxpayers’ total income, calculate income tax and National Insurance contributions (NICs) payable by UK taxpayers, calculate capital gains tax payable by UK taxpayers, understand the principles of inheritance tax

Business tax
Unit covers: -Preparing tax computations for sole traders and partnerships, prepare tax computations for limited companies, prepare tax computations for the sale of capital assets by limited companies, understand administrative requirements of the UK’s tax regime, understand the tax implications of business disposals, understand tax reliefs, tax planning opportunities and agent’s responsibilities in reporting taxation to HM Revenue & Customs

Cash and Financial Management
Unit covers: - Preparing forecasts for cash receipts and payments, prepare cash budgets and monitor cash flows, understand the importance of managing finance and liquidity, understand ways of raising finance and investing funds, understand regulations and organisational policies that influence decisions in managing cash and finance

Audit and Assurance
Unit covers: - Demonstrating an understanding of the audit and assurance framework, demonstrate the importance of professional ethics, evaluate the planning process for audit and assurance, evaluate procedures for obtaining sufficient and appropriate evidence, review and report findings


Key information

Completion of AAT level 3/Advanced Accounting or degree in Accounting. Open to students of all ages

Tuition is based around classroom delivery face-to-face, by highly qualified and experienced members of staff. Examinations are on-line assessments

Students will be able to progress to one of the following Chartered Accounting bodies:

  • Association of Certified Chartered Accountants (ACCA) taught at Gower College Swansea
  • Institute of Chartered Accountants in England & Wales (ICAEW)
  • Chartered Institute of Management Accountants (CIMA)
  • Chartered Institute of Public Finance and Accountancy  (CIPFA)
  • Foundation degree in Accounting

The course also provides a qualification that employers are looking for.

This course may be funded through our Apprenticeship Scheme – please ask for more details.