AAT LEVEL 3- Syllabus Explanation and Tips

Support and tips from Future Connect Academic Team

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The course comprises six units, each building your knowledge and developing your skills towards your career path.


AAT Level 3 Syllabus Synoptic Exams & Support Future Connect

The AAT Level 3 Syllabus

Unit 1; Advanced Bookkeeping

This module teaches you how to use subdivided accounting for reconciliations and trial balancing, prepare accounts for bad debts, and the right way to dispose of non-current assets. This unit includes;

  • Section 1: Generally accepted accounting principles and concept
  • Section 2: Principles of double-entry bookkeeping
  • Section 3: Accounting methods used to record non-current assets
  • Section 4: Account for the purchase of non-current assets
  • Section 5: Account for depreciation
  • Section 6: Consideration for the disposal of non-current assets
  • Section 7: Account for adjustments
  • Section 8: Prepare and extend the trial balance


Unit 2; Final Accounts Preparation

This entails the accounting system for various business types and recording changes to partnership structures and required to prepare accounts based on incomplete records. The unit will consist of;

  • Section 1: Understanding the processes involved in the preparation of final accounts
  • Section 2: Making account records in incomplete information
  • Section 3: Production of final reports for entrepreneurs
  • Section 4: Understanding legislative and accounts requirements for business partnerships
  • Section 5: Making a statement of profit and loss account
  • Section 6: Preparing a statement of financial position relating to a partnership

Unit 3; Indirect Tax

This unit entails legislation and its relation to cost. At the end of this unit, you will have an idea of preparing a VAT return. This unit includes:

  • Section 1: Understanding VAT penalties and make adjustments for previous errors
  • Section 2: Completing VAT returns promptly
  • Section 3: Understanding VAT regulations

Unit 4; Management Account

This unit of study entails exploring various costs and revenues relating to business management. This unit includes;

  • Section 1: Understanding the nature and role of costing systems within an organization
  • Section 2: Record and analyse cost information
  • Section 3: Apportion costs according to organizational requirements
  • Section 4: Analyse deviating budgets and explaining these to top management
  • Section 5: Using data gathered from costing systems in decision-making

Unit 5; Ethics for Accountants

Ethical guidelines in accounting are crucial, and this helps you through the different ethical guidelines and legal considerations that you should apply. This entails:

  • Section 1: Understanding the principles of ethical working
  • Section 2: Understanding ethical behaviour when working with internal and external customers
  • Section 3: Understanding when and how to take appropriate action following any suspected breaches of moral codes
  • Section 4: Understanding the ethical responsibility of the finance professional in enhancing sustainability

Unit 6; Spreadsheets for Accounting

The last unit in this course allows you to put spreadsheets to an advanced level in accounting and use appropriate formulas and formatting rules and guidelines. This chapter encompasses:

  • Section 1: Use a spreadsheet to put in, edit and organize numerical and other data
  • Section 2: Select and use of appropriate formulas and data analysis tools, techniques to meet requirements
  • Section 3: Use necessary techniques to present, format and publish spreadsheet information

What You Will Need

With the skills you were developed in level 2, level 3 AAT helps you build on this skill, so we recommend you get that first, or if you have experience in an accounting role, then this course is best for you. Also, you can speak to us if your training provider if you are not sure which level is best for you.

You also need

An AAT Approved test centre where you can sit for your exams.

A third-party payee, if less than 18 years old.

Solid knowledge of the English language and a 6.5 in IELTS or equivalent if English is not your first language.

Computer literate and access to a phone/tablet/laptop with the internet.

AAT Level 3 Syllabus Synoptic Exams & Support Future Connect

Specific responsibilities vary for the role of an Accountant, which includes the following:

  • Tracking and monitoring the company’s income and expenditure
  • Running payroll
  • Conducting audits
  • Identifying financial risks or irregularities
  • Advising on budgeting, making recommendations on how to increase profit

What career options do Level 3 open up?

You’ll also be eligible for AAT Bookkeeper (AATQB) status; here are a couple of example roles:

Finance Officer with an average salary of £23,000

Assistant Accountant with an average wage of £25,000



WHY LEARN AAT at Future Connect Training?

  • AAT accredited and approved training provider.
  • Expert classroom-based support is available.
  • Practice and AAT subjects are integrated to make sure you get the best of them both.
  • Free e-portfolio to track your performance and training milestones integrated into academic modules of AAT.
  • CPD Certification, essential to become an AAT Member combined with all AAT Levels.
  • Weekend and evening classes are available.
  • Three certificates from 1 course - 1 from AAT, one from CPD and one from XERO
  • CV preparation, mock interview and Job hunting support available.