AAT Level 4 Diploma in Professional Accounting

This course is designed for experienced finance professionals looking to develop their knowledge further and maximise opportunities for progression into more advanced finance roles. On completion of this qualification, you will be able to draft financial statements, analyse accounting systems and use complex management accounting techniques within the workplace.

The course comprises of THREE mandatory units and TWO optional units.

Mandatory Units

Applied Management Accounting

Upon completion of this unit you will:

• Understand 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 Statements

Upon completion of this unit you will:

• Understand 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

Upon completion of this unit you will:

• Understand 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

Optional Units

Businesses Tax

Upon completion of this unit you will:

• Prepare 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

Personal Tax

Upon completion of this unit you will:

• Understand 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

Audit and Assurance

Upon completion of this unit you will:

• Demonstrate 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

Cash and Financial Management

Upon completion of this unit you will:

• Prepare 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

Credit and Debt Management

Upon completion of this unit you will:

• Understand 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

The Level 4 qualification is aimed at those who are looking to build on their existing skills gained through an accounting and finance role, who have already completed Level 3.

Entry Requirements

You must have successfully completed the Level 3 qualification before progressing onto Level 4

Support and material are provided online and via eBook, therefore you must have access to the internet

We recommend speaking with one of our course advisors to make sure this is the right course for you