AAT level 3 Diploma in Accounting
The AAT level 3 diploma in accounting introduces advanced accounting techniques. It is suitable for people who have studied a level 2 bookkeeping/accounting qualification, or those who have a developed a comprehensive understanding of the double-entry bookkeeping system (DEBK) from work experience.
AAT qualifications are challenging but very rewarding. The AAT level 3 diploma in accounting course can be particularly challenging for students who exempt themselves from level 2 if they’re not adequately prepared.
We’re often asked if any of the following will exempt students from level 2:
- Computerised accounting experience with no DEBK knowledge
- Work experience with no DEBK knowledge
- Other non accounting qualifications (such as A level/Degree)
In our experience the above does not prepare you adequately to start the AAT level 3 diploma in accounting. Our distance learning students are much better prepared for the AAT level 3 diploma in accounting if they’ve studied the AAT level 2 certificate in accounting first. They’re generally more confident, motivated, and successful and they progress rapidly.
If you’d like to see which level is most suitable for you, you can complete an AAT Level 2 Bookkeeping quiz on our website. If a AAT Level 3 course is suitable for then it will consist of the following topics.
AAT Level 3 diploma in accounting topics:
Accounts preparation I and II (2 x exams)
Learners will learn how to prepare accounts for a sole traders and partnerships using the extended trial balance method and how to present accounts using conventional methods. Learners will be able to identify and correct errors using the journal and suspense and apply accounting rules in order to make adjustments such as inventory (stock) valuations, accruals/prepayments, depreciation, and provision for doubtful debts.
Cost and revenues (exam)
The purpose of this learning area is to ensure that students know and understand the role of costing in an organisation, and how organisations use cost and revenue information for decision- making. Learners will be able to identify costs related to materials, labour and expenses and use these to cost products and services. Marginal and absorption costing systems are covered and other techniques such as break even analysis, limiting factor analysis, discounting and some aspects of budgeting.
Cash management (exam)
Organisations that fail to manage their liquid resources appropriately expose themselves to a higher risk of failure than organisations that effectively manage their cash. This Unit on the AAT level 3 diploma is designed to equip accounting technicians not only with an understanding of the theoretical principles of good cash management but also with the practical skills to undertake the preparation of cash budgets using a range of financial information, to select appropriate methods of financing cash shortfalls and to recommend suitable investment for surplus funds.
Indirect tax (exam)
The unit is designed to ensure that learners can understand basic VAT regulations, accurately complete VAT returns, and communicate VAT information to relevant people.
Professional ethics (exam)
This knowledge unit recognises the importance of the ethical duties of an accounting technician. Its purpose is to support learners in working within the AAT’s Guidelines on Professional Ethics, and other codes; promoting public confidence in accountancy practices or functions; enhancing the professional reputation and integrity of the learner and their organisation
Spreadsheets (project)
You’ll learn how to use spreadsheets including advanced formatting and formulae.
We provide the widest range of and best quality learning tools for our AAT level 3 home study packages. You can sample our materials before you buy by clicking here.
Our AAT level 3 distance learning course also provides the most efficient, friendly and professional service because it is our specialty and we want you to be successful!
If you’d prefer to discuss the AAT Level 3 distance learning course in more detail, please contact us.
Are you keen to register for the AAT level 3 diploma in accounting? Please go to our registration page. View more detail on the costs associated with the AAT level 3 course.