Students should have completed the Level 2 Certificate in Accounting or Certificate in Bookkeeping or have a relevant qualification or experience if starting at this level.
AAT Q2022 – Level 3 Diploma in Accounting
Business Awareness (BUAW)
This unit provides students with an understanding of the business, its environment, and the influence that this has on an organisation’s structure, the role of its accounting function, and its performance. Students will learn about the micro- and macro-economic environments, basic business law, risk, ethics, and technology.
Financial Accounting: Preparing Financial Statements (FAPS)
This unit provides students with the skills required to produce statements of profit or loss and statements of financial position for sole traders and partnerships using a trial balance. Students will learn about period end adjustments and reconciliations. They will also be able to interpret financial statements using profitability ratios.
Management Accounting Techniques (MATS)
This unit provides students with the knowledge and skills needed to understand the role of management accounting in an organisation, and how organisations use such information to aid decision making. Students will learn to use spreadsheets when making calculations, manipulating and analysing data, reporting, and forecasting.
Tax Processes for Businesses (TPFB)
This unit explores tax processes that influence the daily operations of businesses and is designed to develop student’s skills in understanding, preparing, and submitting Value Added Tax (VAT) returns to HM Revenue and Customs (HMRC). The unit provides students with the knowledge and skills that are needed to keep businesses, employers, and clients compliant with laws and practices that apply to VAT and payroll.
Most students complete this Level 3 Diploma in Accounting in 6 – 9 months.
Short qualifications – AAT Q2022 Level 3 Certificate in Bookkeeping
Aimed at experienced bookkeepers, the Level 3 Certificate in Bookkeeping qualification covers areas such as double-entry bookkeeping, financial statements, VAT, and payroll.
This qualification is made up of 2 units FAPS and TPFB. This takes between 3 months and 6 months to complete.