Mcarthur Morgan because you count logo

Why choose McArthurMorgan?

    Call Us Now on 020 7490 6739

    AAT Qualification

    The AAT qualification consists of three progressive qualification levels (2, 3 & 4) which will cover the key areas of Financial Accounting, Management Accounting, Taxation, Audit and Report Writing.
    In order to complete the qualification and gain full membership of the AAT, you will need to complete Level 3 and Level 4. Level 2 is recommended as an entry level if you have no experience or knowledge of accounting and bookkeeping.
    The AAT qualification is broken down into three levels:

    • AAT Level 2 Certificate (5 papers)
    • AAT Level 3 Diploma (6 papers)
    • AAT Level 4 Diploma (6 papers)

    AAT Level 2 Certificate (5 papers)

    The first level of the qualification is for people with limited or no accounts knowledge. The Level 2 certificate covers the following areas:

    • Double entry bookkeeping to initial trial balance stage and includes sales ledger and purchase ledger
    • An introduction to management accounting
    • Computerised accounting (i.e SAGE)
    • Working effectively in accountancy & finance

    We would expect this qualification to take 6 months to complete for most students.

    AAT Level 3 Diploma (6 papers)

    This level will be completed by students with previous study specific to accounting. If you begin studying for your AAT qualification from Level 3 you will be expected to demonstrate an aptitude for the main areas covered at the Certificate level basic accounting modules. The level 3 diploma covers the following:

    • The preparation of information required to prepare a final set of accounts for sole-traders and partnerships
    • Further progression into management accounting with analysis and reporting of current and future costs
    • Indirect tax returns
    • Professional ethics
    • Spreadsheets

    We would expect this qualification to take 6-8 months to complete for most students.

    AAT Level 4 Diploma (6 papers)

    The final level of the qualification is for people who have previously completed the level 3 stage of the qualification or who have an Accounts related degree. On completion of the Level 4 Diploma candidates will be able to apply for full membership to the AAT.
    The level 4 diploma covers the following mandatory areas:

    • Drafting financial statements for all business types including limited companies.
    • Management accounting- budgeting
    • Management accounting – monitoring financial performance
    • The preparation of a management report requiring the analysis of an accounting environment

    Two optional units must be chosen from the following:

    • Personal tax
    • Business tax
    • Cash management
    • External auditing
    • Credit control

    We would expect this qualification will take 6-9 months to complete for most students.

    Fill out my online form.

     

    Use Wufoo integrations and get your data to your favorite apps.