“AAT Level 3 syllabus explained by Future Connect - Join our award-winning AAT team to get the best support and tuition for your AAT COURSES.”
The course comprises six units, each building your knowledge and developing your skills towards your career path.
Key Takeaways
AAT Level 3 Syllabus: Comprehensive Overview
Bookkeeping Transactions: A Vital Skill for Every Business
- The role of a bookkeeper
- Double-entry bookkeeping principles and concepts
- Recording transactions using the double-entry system
- Balancing accounts and preparing a trial balance
- The importance of accuracy and integrity in bookkeeping
Bookkeeping Controls: The Key to Financial Integrity
- Internal controls and their importance in bookkeeping
- Methods of payment and their impact on control systems
- Banking procedures and reconciling bank statements
- Petty cash transactions and reconciling the little cash float
Elements of Costing: Understanding Business Expenses
- The principles and purpose of costing
- Direct and indirect costs and their impact on pricing decisions
- Costing methods, including absorption, marginal and activity-based costing
- Budgeting and forecasting techniques
Using Accounting Software: The Future of Financial Management
- Understanding the benefits of using accounting software
- Choosing the right accounting software for a business
- Setting up accounts and entering opening balances
- Recording transactions using accounting software
- Producing and interpreting reports
Work Effectively in Finance: Navigating the Financial Landscape
- Understanding the finance function within an organization
- Ethical considerations for finance professionals
- Communicating financial information effectively
- Working effectively as part of a finance team
- Time management and prioritizing tasks
The AQ2022 AAT Level 3 Syllabus
In AAT level 3 syllabus, you will learn management accounting and the importance, purpose and techniques required to deal with the VAT and payroll process. You will learn how to create financial statements for sole proprietorships and partnerships. You will also understand the in/out of the business environment and the need for organisational.
AAT Level 3 Syllabus AQ2022 has the following Subjects:
- Financial Accounting: Preparation of Financial Statements (FAPS)
- Management Accounting Techniques (MATS)
- Tax Processes for Business (TPFB)
- Business Awareness (BUAW)
Financial Accounting: Preparation of Financial Statements (FAPS)
Learn how to apply the principles of modern double entry bookkeeping, acquisition and disposal of non-existent assets. You will prepare depreciation calculations, term adjustments and an extended trial balance. You will also learn to create final accounts for individual merchants and partnerships and how to deal with incomplete records.
Management Accounting Techniques (MATS)
You will understand the purpose and use of management accounting and learn the cost and spreadsheet techniques required for companies and the principles behind cash management. You will also monitor budget changes and use management accounting techniques to assist in short-term decision-making.
Tax Processes for Business (TPFB)
You will review and enforce VAT legislation requirements, calculate VAT, review and verify Making Tax Digital (MTD) VAT returns, understand payroll rules, and make mistakes. We will study the implications of late filing and payment and how to report VAT information.
Business Awareness (BUAW)
Learn about the different types of businesses, structures, governance, the legal framework in which they operate and the effects of the micro and macroeconomic environment. You will also learn about the relevance of ethics in accounting, how technology affects businesses, its risks, and the need to protect data.
What You Will Need
With the skills you 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.
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 opportunities and development does AQ2022 AAT level 3 syllabus opens up?
AAT Diploma in Accounting Level 3 AQ2022 is the second and advanced level of the full AAT qualification. The pathway consists of three levels and is a fully recognised pathway to the profession in the UK accounting role. The more you progress, the better the employment opportunities.
When you successfully qualify for Level 3, you can look for a job as:
- Accounts Assistant
- Tax Assistant
- Payroll Administrator
- Payroll Supervisor
- Audit Trainee
- Accounts Payable Clerk
- Bookkeeper
- Assistant Accountant
- Credit Controller
- Finance Assistant
- Practice bookkeeping.
- Supervisor of accounts payable and expenses
Entry requirements
Students can start with any qualification based on current skills and experience. Most of the students will begin at the foundation level. For the best chance of success, we suggest that students start their education with good English and Maths. This qualification can be a fast track for an AAT Advanced Diplomas in Accounting.
Exception
Those who can provide proof of previous, relevant qualification from an external awarding body may not be required to sit for all AAT reviews.
We believe you will not need to duplicate the work if you have already studied qualification units featuring the same content. This means students can quickly track the most appropriate AQ2022 AAT qualification.
Students may be eligible for the exemption if they have:
- Previous finance or accounting qualifications
- Degree in accounting or finance.
Why Study AQ2022 AAT level 3 syllabus At Future Connect Training?
- AAT accredited and approved training provider.
- Expert classroom-based support is available.
- Practice and AAT subjects are integrated to ensure you get the best of them.
- Free e-portfolio to track your performance and training milestones integrated into academic modules of AAT.
- CPD Certification is essential to become an AAT Member 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 are available.
FC Training: An online learning environment
FC training Institute is an online learning portal with practical resources to help you prepare for your exams.
- View your detailed study programs and online content in one place and access your content in just a few clicks.
- Contact the teacher directly using live chat. You can request a callback or send an email.
- Complete practice tests and gets instant feedback.
- Participate in topic-level discussion forums with students and tutors and find answers to common questions.
- Track your performance and easily identify where you need to improve. You can even analyse yourself to others in your class.
- Use the mobile app to read on the go and access your study material offline.
Tutor support
FC Training Institute will assist you throughout your AAT level 3 syllabus learning experience. You can contact your tutor and get the help you need.
Provided by our Academic Support Team of expert tutors:
- Live chat (quick reply via online messenger system)
- Email (we will contact you within 4 hours)
- Discussion Forum (We will contact you within 4 hours)
- Request a call back so you can talk to the tutor (we will arrange a call with you within 24 hours.
Conclusion
Future Connect Training is the best training provider offering top accounting qualifications. Accounting not only helps an enterprise to run its day-to-day activities smoothly but also helps in its future growth. Moreover, improving your personal, social and IT skills with Future Connect can earn great opportunities in the marketplace and make you competitive for job positions.
FAQs
Q1 . Is AAT level equal to level 3?
You are exempt from degree courses at more than 30 UK universities with AAT eligibility. AAT qualification is equivalent to an Accounting Technician level qualification. AQ2022 AAT Level 2 equals GCSE, AQ2022 level 3 is two A levels, and level 4 AQ2022 is equivalent to QCF level 4.
Q2 . Can I study the AAT level 3 syllabus by myself?
You will need to purchase AAT level 3 syllabus, AAT textbooks or choose a self-study package with a training provider to work through our units.