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Accounting (Level 3)

Business, Administration and Law

Business, Administration and Law
Business, Administration and Law

What will you be working towards?

Alternative Title Accounting (Level 3)
Code L3Ac
Qualification Type GCE A/AS Level or Equivalent
Qualification Level Level 3
Course type Full Time

Overview

The AAT qualification will allow you to develop the skills and knowledge that employers want within the accountancy and finance sector. As a well-known and respected qualification it can open the doors to chartered accountancy, university or provide you with the skills to successfully run your own finance company. Every business needs a good, effective accountant and you will improve your prospects with this valuable qualification.

Details

Level 2

  • Bookkeeping transactions: understanding financial transactions within a bookkeeping system
  • Bookkeeping controls: understanding controls in a bookkeeping system
  • Elements of costing: understanding an organisations cost recording system
  • Work effectively in finance: understanding an organisations finance function
  • Using accounting software: using SAGE to record financial transactions
  • Foundation Certificate Synoptic assessment

Level 3

  • Advanced bookkeeping: understanding and applying accepted principles of accounting and double-entry bookkeeping
  • Final accounts preparation: understanding the processes involved in preparing final accounts
  • Management accounting
  • Costing: understanding an organisations costing systems
  • Indirect tax: VAT, the impact and regulations
  • Ethics for accounting: the ethical principles of accounting
  • Spreadsheets for Accountants: H and V look ups, Pivot tables, IF formulas, formatting and creating charts and graphs
  • Advanced Diploma Synoptic assessment

How will it be delivered?

All AAT assessments are practical computer based assessments, which can be sat throughout the academic year, assessments will be either:

  • Computer marked meaning you will get a result decision straight away
  • Partial computer marked and partially human marked you'll get your results within 6 weeks
  • Human marked you'll get your results within 6 weeks

You will also undertake a synoptic assessment at each level; this will draw on and test your understanding of connections between different topics covered across the qualification. Candidates will require good literacy and numeracy skills.

Entry requirements

At least 5 GCSE Grades 9 - 4 to include English and Maths.

Your next steps...

A student who successfully completes the Level 3 programme of study can go onto either the final stage of the AAT Accounting qualification or university. The final stage of AAT Professional Diploma can open doors in the accounting profession; you can apply for AAT membership and have the initials MAAT after your name, you can become your own boss, or choose a pathway onto chartered studies.

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