The Level 3 Diploma in Accounting (AAT) is an advanced qualification which covers a range of essential and higher-level accounting techniques and disciplines. You'll learn and develop skills needed for a range of financial processes, including maintaining cost accounting records, advanced bookkeeping, and the preparation of financial reports and returns. This course is perfectly suited to those who are looking to upskill for their existing role, expand their knowledge and skills for career advancement, or are looking to progress to further qualifications and Higher Education.
The Level 3 Diploma in Accounting (AAT) is a part-time course that takes approximately 9 months to complete, and focusses on the specific knowledge and skills you'll need to advance your career in accountancy and finance. You'll gain in-depth knowledge and accountancy skills in four core areas: Business Awareness, Financial Accounting: Preparing Financial Statements, Management Accounting Techniques, and Tax Processes for Business.
What’s more – as it’s certificated by AAT (the Association of Accounting Technicians) – upon successful completion of the course, you’ll not only receive a nationally-recognised qualification – desired and respected by employers in all industries – but you’ll also qualify for AAT bookkeeping membership (AATQB).
What experience and skills will you gain?
You will develop knowledge and understanding in areas that can include: BUSINESS AWARENESS
- Understanding business types, structure and governance and the legal framework in which they operate
- The impact of the external and internal environments on business, their performance and decisions
- How businesses and accounts comply with principles of professional ethics
- The impact of new technologies in accounting and the risks associated with data security
- Communicating information to stakeholders
FINANCIAL ACCOUNTING: PREPARING FINANCIAL STATEMENTS
- Understanding the accounting principles underlaying final accounts preparation
- The principles of advanced double-entry bookkeeping
- Implementing procedures for the acquisition and disposal of non-current assets
- Preparing and recording depreciation calculations
- Recording period end adjustments
- Producing and extending the trial balance
- Producing financial statements for sole traders and partnerships
- Interpreting financial statements using profitability ratios
- Preparing accounting records from incomplete information
MANAGEMENT ACCOUNTING TECHNIQUES
- Understanding the purpose and use of management accounting within organisations
- Using techniques required for dealing with costs
- Attributing costs according to organisational requirements
- Investigating deviations from budgets
- Using spreadsheet techniques to provide management accounting information
- Using management accounting techniques to support short-term decision making
- Understanding principles of cash management
TAX PROCESSES FOR BUSINESS
- Understanding legislation requirements relating to VAT
- Calculating VAT
- Reviewing and verifying VAT returns
- Understanding principles of payroll
- Reporting information within the organisation
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Campus
This course will be delivered at Lambeth College - Clapham
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What do you need to apply?
5 GCSE qualifications (or equivalent) at grade C or 4 or above (including English and Maths) or Equivalent Level 2 vocational qualification or Relevant industry experience in a business/accounting profession
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How will you be assessed?
This course is assessed through four (one for each core module) computer-based exams and a synoptic assessment; which draws on and assesses knowledge and understanding from across the qualification.
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Where can this course take you?
On successful completion of the Level 3 Diploma in Accounting (AAT), you could directly enter employment in an accounting role such as Finance Officer, Assistant Accountant, or Bookkeeper.
You will also be eligible for AAT Bookkeeper (AATQB) status; giving you the option to work as a freelance bookkeeper.
Alternatively, you could choose to further develop your knowledge and skills by advancing to a higher-level qualification or degree apprenticeship, or a BSc (Hons) in Accounting and Finance undergraduate degree with LSBU.
