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AAT – Diploma in Professional Accounting Bundle 3

The AAT bundle includes – Mandatory Units: Applied Management Accounting, Drafting and Interpreting Financial Statements, Internal Accounting Systems and, Controls as well as Optional Units (choose two): Business Tax, Personal Tax, Audit and Assurance, Cash and Financial Management and, Credit and Debt Management
OFFER

£1,487.00

Mandatory Courses
Optional Courses (Choose Two): After your purchase, please email us to specify which two courses you would like. - Business Tax - Personal Tax - Audit and Assurance - Cash and Financial Management - Credit and Debt Management
The Diploma in Professional Accounting encompasses advanced accounting and finance topics, preparing students with high-level skills and knowledge. This programme enables you to develop expertise in various financial management areas, including drafting financial statements for limited companies, recommending accounting system strategies, and constructing and presenting complex management accounting reports. Additionally, you will gain proficiency in specialist areas such as tax, auditing, credit and debit management, and cash and financial management. Key themes, including technology, ethics, sustainability, and communication, are integrated throughout the suite of accounting qualifications.

The programme consists of three mandatory courses and two optional courses, selected from a choice of five courses, totalling 390 guided learning hours.

Mandatory Courses:
  • Applied Management Accounting
  • Drafting and Interpreting Financial Statements
  • Internal Accounting Systems and Controls
Optional Courses (Choose Two): This comprehensive program ensures that you are well-prepared to handle complex accounting and financial tasks, equipping them with the skills necessary for professional success in the field of accounting.

Topics Covered

Mandatory Courses:

Applied Management Accounting
  • The budgetary process
  • Budgetary responsibilities and accountabilities
  • Types of budgets and recommendations for their use
  • Impact of internal and external factors on forecasts
  • Uncertainty in the budget setting process
  • Budget revision to reflect changing circumstances
  • Budgetary control
  • Standard costing
  • Activity based costing
  • Target costing
  • Life cycle costing
  • Technology and its impact on operational control
  • Comparison of short- and long-term decisions
  • Relevant costing
  • Key factor analysis
  • Linear programming
  • Discount cash flows
  • Appraisal methods for long-term decisions
  • Financial performance indicators
  • Non-financial performance indicators
  • Divisional performance
  • Calculate forecasts
Drafting and Interpreting Financial Statements
  • The regulatory framework that underpins financial reporting
  • The International Accounting Standards Board (IASB) Conceptual Framework
  • The effect of international accounting standards on the preparation of financial statements
  • Draft statements of profit or loss and other comprehensive income
  • Draft statements of financial position
  • Draft statements of changes in equity
  • Draft statements of cash flow
  • Draft consolidated statements of profit or loss for a parent company with one partly owned subsidiary
  • Draft consolidated statements of financial position for a parent company with one partly owned subsidiary
  • Calculate ratios relating to profitability, liquidity, efficient use of resources and financial position
  • Interpret and analyse ratios
  • Present ratio analysis
Internal Accounting Systems and Controls
  • The accounting function
  • Financial information used by stakeholders
  • Changes to management information
  • Internal controls
  • Prevent and detect fraud and systemic weaknesses
  • An organisation’s accounting system and its effectiveness
  • Risk of fraud
  • Operating practice
  • Reporting information using technology
  • Using technology within the accounting system
  • Changes to the accounting system
  • Cost and benefit of changes to the accounting system
  • The effects of changes on users of the system


Optional Courses (Choose Two):

Business Tax
  • Adjusting accounting profits and losses for tax purposes
  • Prepare capital allowances computations
  • Application of basis periods
  • Calculating taxable profits and losses of partners
  • Calculate National Insurance Contributions (NICs) payable by self-employed taxpayers
  • Adjusting accounting profits and losses for tax purposes
  • Prepare capital allowances computations
  • Calculate taxable profits and corporation tax payable
  • Calculate chargeable gains and allowable losses
  • Calculate chargeable gains and allowable losses for shares
  • The administrative requirements of UK tax law
  • Penalties and interest for non-compliance
  • Business disposals
  • Trading losses
  • Badges of trade
  • Tax planning for businesses
  • Ethical guidelines
Personal Tax
  • Objectives and functions of taxation
  • Tax planning, tax avoidance and tax evasion
  • Roles and responsibilities of taxation practitioners
  • Residence and domicile
  • Calculate income from employment
  • Calculate income from investments
  • Calculate income from property
  • Calculate income tax payable
  • Calculate National Insurance Contributions (NICs)
  • Tax planning
  • Calculate chargeable gains and allowable losses
  • Calculate chargeable gains and allowable losses for shares
  • Reliefs and exemptions
  • Calculate capital gains tax payable
  • Principles of inheritance tax
Audit and Assurance
  • The concepts and principles
  • The regulatory environment
  • The role of corporate governance in the audit and assurance process
  • The role of internal audit
  • Principles and characteristics of ethical codes and the implications for the auditor
  • Threats to the independence of auditors
  • Safeguards to eliminate or reduce threats to the independence of auditors
  • The fundamental ethical principles in relation to internal and external audit
  • The concept of risk
  • The concept of materiality
  • Audit procedures
  • The role of audit working papers
  • Methods used to obtain audit evidence
  • Audit techniques in an IT environment
  • Different sampling techniques
  • Audit approach
  • Audit assertions
  • Matters to be referred to senior colleagues
  • External audit opinion
  • Report audit findings to management
Cash and Financial Management
  • Types of cash receipts and payments
  • Reconcile profit with movements in cash
  • Statistical techniques
  • Cash movement of non-current assets
  • Cash budgets and forecasts
  • Sensitivity analysis on cash budgets
  • Cash budget and organisational policies
  • Principles of finance and liquidity
  • Use calculations to support the management of finance and liquidity
  • The basic terms and conditions associated with different types of financing
  • Financing options to fund the organisation’s cash requirements
  • Surplus funds and the terms and conditions associated with each of these types of investments
  • Minimise the potential exposure to the organisation
  • Government monetary policies
  • Impact of financial regulations, guidelines and security procedures on an organisation’s principles of cash management
  • Raising finance and investing funds according to organisational culture and policies
  • Economic conditions that could affect financial decisions
Credit and Debt Management
  • Statute and contract law applicable to credit control
  • Breach of contract and the circumstances in which they can be used effectively
  • Terms and conditions associated with customer contracts
  • Data protection and ethical considerations associated with credit control activities
  • Sources of credit status and assessment methods used in granting credit
  • Credit status of existing and potential customers using relevant ratios and performance indicators
  • Reasons for granting, refusing, amending or extending credit
  • Methods for the management of debts
  • Manage accounts receivables
  • Techniques to manage liquidity
  • Communicate with stakeholders using a professional and ethical approach
  • Legal and administrative procedures for debt collection
  • Insolvency

Learning Outcomes

On successful completion of this subject, you should be able to:

  • On successful completion of this subject, you should be able to:
  • 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
  • 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
  • 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

Target Audience

The AAT qualification is ideal for people who want a career in finance and business.

Exam Details

  • Format: Computer-based assessment
  • Availability: On Demand
  • Pass: A score of 70%
  • Length: 2 hours per course
  • Please Note: Official Exam is not provided; it should be purchased separately.

What’s Included

  • Study planner and guidance
  • Access to AccountingWise Learn
  • Comprehensive pre-recorded lectures
  • Extensive question practice (including mock exams and feedback)
  • Tutor support via phone or email

Registration and Access

Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.

If you wish to receive an invoice instead of paying online, please contact us at info@lgca.uk. Access to the course is valid for 6 months.

Course Access Duration

Enjoy 6 months of unlimited access to all course materials, including videos, assignments, and resources. This period is designed to provide ample time for you to fully engage with and complete the course at your own pace.

Extension Options

Need more time? Extend your access with:

  • 3-Month Extension: £50 + VAT
  • 6-Month Extension: £90 + VAT

To arrange an extension, contact us at info@lgca.uk. Our support team is here to help.

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