AAT Level 3 Diploma in Accounting
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1 AAT Level 3 Diploma in Accounting Choosing to study the AAT Accounting Qualification with ICS Learn will start you on the path to a successful accounting and finance career. AAT Level 3 Diploma in Accounting is the intermediate level of the AAT Accounting Qualification. It offers technical training in accounting and its main purpose is to provide students with specialist knowledge and skills to gain employment in an accounting role and / or the opportunity to progress to further qualification in accountancy or a related field Overview AAT Level 3 Diploma in Accounting is the intermediate level of the AAT Accounting Qualification. It offers technical training in accounting and its main purpose is to provide students with specialist knowledge and skills to gain employment in an accounting role and / or the opportunity to progress to further qualification in accountancy or a related field. At this intermediate level, you ll master more complex financial processes, including final accounts for sole traders and partnerships, reports and returns and professional ethics. About AAT AAT (Association of Accounting Technicians) is the UK s leading professional body for Accounting and Finance staff with 130,000 members in more than 90 countries. AAT Accounting qualifications are universally respected and internationally recognised. AAT award around 90% of all vocational qualifications in accounting, and are sponsored by the professional accounting bodies CIPFA, ICAEW, CIMA and ICAS. AAT members are ambitious, focused accounting professionals, many occupying senior, well rewarded positions with thousands of employers - from blue-chip corporate giants to public sector institutions. In short, an AAT qualification is a route to some of the most in-demand skills in the world, and provides you with a professional status you can be proud of. Entry requirements To enrol on our AAT Level 3 Diploma you must be able to demonstrate appropriate knowledge through work experience or hold a Level 2 AAT, or equivalent qualification. If you are not sure whether Level 3 is the right place to start you can complete the AAT Skillcheck test on the AAT website. The AAT Skillcheck is a short online test with a series of multiple-choice questions. It should only take about 30 minutes to complete. You ll be able to see your results and the recommended level of study immediately. As this is a business orientated finance course you should have reasonable numeracy and communication skills. If English is not your first language, IELTS 5.5 is required and an interest in how business works, *Please note that if you have a criminal record or have been made bankrupt the AAT may not accept you as a member - consequently you will be unable to sit exams.
2 Career progression A student who has been successful at Level 3 can become a very useful member of the accounting team. Example of job roles that holders of Level 3 Diploma in Accounting are equipped to undertake include: Accounts Assistant; Accounts Payable and Expenses Supervisor, Accounts Payable Clerk; Assistant Accountant; Audit Trainee; Bookkeeper; Corporate Recovery Analyst; Credit Controller; Finance Assistant; Insolvency Executive; Payroll Administrator; Payroll Supervisor; Practice Bookkeeper and Payroll; Tax Assistant. Holders of AAT Level 3 Diploma in Accounting can go on to complete the final stage of AAT Accounting Qualification at Level 4. This is available through a variety of modes of study including the Higher Apprenticeship in Accounting. Qualification With the AAT Level 3 syllabus you ll master more complex financial processes, including final accounts for sole traders and partnerships, reports and returns and professional ethics. Upon completion of your assessments, you will be awarded the AAT Level 3 Diploma in Accounting. Support when you study with ICS Learn Once enrolled on one of our courses you are assigned a dedicated course tutor, who is a carefully selected subject expert in their chosen field. Each of our tutors has experience in teaching distance learning courses and understands the challenges as well as advantages of online and distance learning. Our tutors provide you with academic support and answer any queries you may have regarding course content and assessments. They ensure that you are fully prepared to successfully pass any coursework and exams (if applicable) by providing and marking effective revision aids such as test papers and mock exams. Papers are all marked in a constructive manner so students know exactly where their strengths and weaknesses lie. To help guide you through your programme and keep you on track, we offer the support of our in house mentor team. Our mentors are proactive and supportive to ensure you remain motivated and engaged throughout your study programme. They will set each you study goals from initial enrolment through to graduation. You will have online access to our Student Community where you have access to useful study resources and you will be able to test your skills through online activities. You will also be able to chat with other AAT students on your course. AAT in partnership with ICS Learn "Every business needs well trained staff and an AAT qualification demonstrates to a prospective employer that you have the skills to do the job. Gaining a recognised accountancy qualification with AAT is the first step into a professional finance career." Mark Farrar, AAT Chief Executive
3 Course content The (AQ2013 Syllabus) consists of six separate units outlined below with the key topics listed for each: Accounts Preparation Understanding accepted principles of accounting and double-entry bookkeeping Understanding accounting methods of recording non-current assets Accounting for purchase of non-current assets Accounting for depreciation and adjustments Accounting for disposal of non-current assets Preparing and extending the trial balance Prepare Final Accounts for Sole Traders and Partnerships Understanding the process involved in preparing final accounts Preparing accounting records from incomplete information Producing final accounts for sole traders Understanding partnerships legislative and accounting requirements Preparing a statement of profit or loss appropriation account Preparing a financial position statement relating to a partnership Costs and Revenues Understanding an organisation s costing systems Recording and analysing cost information Apportioning costs to organisational requirements Analysing budget deviations and reporting these to management Using information gathered from costing systems to assist decision making. Indirect Tax Understanding VAT regulations Completing VAT returns accurately and on time Understanding VAT penalties and adjusting for previous errors Communicating VAT information. Professional Ethics Understanding principles of ethical working Understanding ethical behaviour when working with internal and external customers Understanding when and how to take appropriate action following suspected ethical codes breaches Understanding the ethical responsibility of finance professionals in promoting sustainability Spreadsheet Software Using a spreadsheet to enter, edit and organise numerical and other data Selecting and using appropriate formulae and data analysis tools and techniques Presenting, formatting and publishing spreadsheet information.
4 AAT assessments AAT assessments are designed to assess the skills, knowledge and understanding you ve developed. To achieve your AAT Level 3 Diploma in Accounting you have to sit six separate assessments (one per unit) set by AAT. These assessments are computer based and you will have to attend an AAT approved exam centre to sit them. When you are ready to take your assessments, we can help make the arrangements with you. There are two types of Computer Based Assessments: Four of the assessments are Computer Based Tests (CBT) These are marked immediately and you will get the provisional results on the day. Two of the computer based assessments are Computer Based Project (CBP) that will be submitted to your tutor for marking. You will get the result once your project has been assessed by your tutor and internally verified by ICS Learn. Computer Based Tests (CBT) assessed units Accounts Preparation Prepare Final Accounts for Sole Traders and Partnerships Costs and Revenues Indirect Tax Computer Based Projects (CBP) assessed units Professional Ethics Spreadsheet software Assessment centres The assessment fees and invigilation fees for each AAT assessment are not included in the course price. AAT assessment venues accept external candidates for the computer based assessments. When you have successfully passed your mock assessment for each unit (pass rate 70%), we will ask where and when you d like to sit your exam and get in touch with you to agree a suitable date, time and venue. Before finalising the booking for you, we will confirm your booking via . What s included? There are no hidden costs when you study for your AAT Level 3 Diploma in Accounting course with ICS Learn. All the study materials and support that you will need to achieve your qualification are included. You will, however, have to pay for the AAT membership and your exams. These charges are incurred by the awarding body. Online study resources and learning activities Osborne AAT text books and ebooks written specifically to the AAT syllabus Unlimited tutor and mentor support
5 Why choose ICS Learn? Personal mentor support - to help guide you through the programme to keep you on track. Your mentor can be contacted by phone, and via the online Student Community and live web chat. Expert tutor support proactive tutor contact by phone, and via the online Student Community. Online learning approach unlimited access to expert tutor support, online learning activities and Osborne AAT text and ebooks. Flexibility study when it suits you, progress as quickly as you want over your 18 month support period. Course fees Please see our website for current course prices. You can either pay for your course in full or opt for a monthly payment plan of 11 payments (deposit + 10 monthly instalments). Additional fees Please note that the AAT Membership Fees aren't included in the course price, but can be added to your payment plan. AAT requires you to activate your membership within four weeks of enrolment. The following fees will also apply: AAT Admission Fee AAT Annual Membership Fee Level 3 AAT Exam Fees (6 exams in total) Examination Centre Fees Course code P10 Support period 18 months from enrolment AAT student membership benefits with ICS Learn As an AAT student member with ICS Learn you will also be able to use these helpful study resources: Learning area overviews - these explain the skills and knowledge you'll develop in each learning area E-learning - interactive audio-visual tutorials covering key learning areas of each of the course units Green Light tests - interactive online tests to check how well you understand you re learning areas and identify where you need to do more work. They'll also give you an idea of whether you're ready for the assessment. Assessment briefings - these show you what you need to know for your assessments and help you understand the skills and knowledge that you'll be assessed on Sample assessments - these will test your knowledge and familiarise you with the computer based assessment format. Once you have enrolled on your AAT course and if you have chosen to pay the AAT admission and membership fees directly to us, we will give you a payment code which will allow you to activate your AAT student membership. This will give you access to the full benefits AAT offer and allow you to sit your AAT assessments.
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