AAT Q2022 Level 3 | Accounting | New AAT Qualification

AAT Q2022 Level 3 Advanced Diploma in Accounting

AAT Level 3 AAT is an intermediate in accountancy qualification because it enhances the knowledge you have learned at Level 2 and sets you up for Level 4. Learn how to prepare financial statements, the importance of administrative accounting information, and how to prepare VAT returns.

Many students think Level 3 will be a high step, but the knowledge gained from your Level 2 study will give you innumerable kickstarts towards Advanced Diploma in Accounting.

You will develop technical skills to start or advance your career in accountancy, allowing you to continue your education up to level 4.

Learn More About Fully Funded AAT Level 3

Take Accounting skills to the next level

Level 3 Advanced Diploma in Accountancy introduces more comprehensive bookkeeping and accounting topics. In the Level 3 course, you will learn how to make adjustments such as working with partial information, preparing an extended trial balance, error correction, VAT returns, cost reporting, financial statements preparation and single Accounts of merchants and corporations.

What does it cover?

In this Level 3 qualification, students will specialise in complex accounting disciplines, including financial accounting, advanced bookkeeping and final accounts.

Requirements

You must pass the AAT Level 2 Certificate in Accounting. You may be eligible if you work in an Intermediate Accounts role before enrolling in this course or if you have obtained the relevant A Levels.

Syllabus

You will understand 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 at this level. You will also understand the in/out of the business environment and the need for organisational.

AAT Level 3 has the following Subjects:

You will learn how to apply the principles of modern double entry book capping, 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.

The number of lessons:

  • Classroom: 7 days / 14 pm
  • Live Online: 7 days / 14 sessions
  • On Demand / Distance Learning: Study at your own pace
  • Subject Evaluation: Computer Based Examination

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.

The number of lessons:

  • Classroom: 6 days / 12 pm
  • Live Online: 6 days / 12 sessions
  • On Demand / Distance Learning: Study at your own pace
  • Subject Evaluation: Computer Based Examination

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.

The number of lessons:

  • Classroom: 2 days / 4 pm
  • Live Online: 2 days / 4 sessions
  • On Demand / Distance Learning: Study at your own pace
  • Subject Evaluation: Computer Based Examination

You will 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.

The number of lessons:

  • Classroom: 3 days / 6 pm
  • Live Online: 3 days / 6 sessions
  • On Demand / Distance Learning: Study at your own pace
  • Subject Evaluation: Computer Based Examination

How long does it take to complete?

It will usually take a year to complete this qualification, depending on the study method and the course timetable. Most likely to be completed in six months.

Methods of study

Do you prefer face-to-face learning or online survey in your spare time? FC training has a course that will meet your needs with different study methods.

Study methods available for this qualification

Whichever study method you choose, you will benefit from learning materials, practical learning methods, lots of practice questions, mock exams and expert support even in the evenings and on weekends. You can be confident with FC Training.

1. On-demand

Award-winning structured online courses with the flexibility to start anytime and anywhere.

2. Classroom

A traditionally scheduled program with face-to-face tutor-led classes.

3. Live online

Like classrooms, but live interactive online classes at a set time.

Exams

You must book your exam as soon as you plan to finish your course. To avoid disappointment, we recommend booking early as this may interfere with your study plans. Note that you still need to book your exams separately. All reviews at this stage are computer-based exams (CBE).

You will be awarded (pass, merit, or distinction) based on your performance. Unit assessments are not graded individually, but the scores obtained in all examinations contribute to your overall grade eligibility.

Get AAT Bookkeeping Membership

If you complete this qualification, you can apply to become an AAT Bookkeeping Member (AATQB).

How and where to study

You can study distance learning online, in blended learning, or classroom. FC training provides the training even if you choose distance education. Do it part-time or full-time, whichever is right for you.

Suggested study methods

We recommend that you complete the introduction to the bookkeeping (ITBK) unit before studying the principles of the Bookkeeping Course (POBC). Before attempting to assess a Business Environment (BESY), you must complete your studies for all units.

Study material

The course includes the following materials:

1. Study Text

Textbook covering a full syllabus with examples and activities.

2. Pocket note

Our AAT Pocket Notes are short review notes highlighting and prioritising the topics you need to pass your AAT exams.

3. Exam kit

The exam kit gives you plenty of exam-style questions and answers to test your knowledge and practice.

4. Study program

Our study programme outlines the structure of the course.

5. Online syllabus coverage

Covers key topics and other methods for distance education.

6. Integrated Workbook (Classroom, On-Demand, Live Online)

An integrated workbook helps you work through the curriculum, which allows you to write notes. It enables you to put everything in one place so that it is easy to read and review.

Fees

National Skills Fund

The National Skills Fund approves this qualification. If you live in England, are 19 years of age or older and have not previously completed Level 3 qualification, you may be eligible for full funding.

Training provider fee

£600 - £2000

This fee covers your tuition and is paid directly to your training provider.

Standard eligibility fee

The standard eligibility fee includes four assessment fees at £49 per assessment and a Synoptic assessment fee of £54, for a total of £250. You must pay a diagnostic fee to your training provider or diagnostic location.

AAT membership fee

To study this qualification, you need to register for AAT Student Membership. You will need to sit for an assessment and access study support resources to help you succeed.

£155 for UK students

£145 for international students

These are paid to AAT

AAT admission fee

AAT Annual membership fee

Funding options

Employer Support

If you have a relevant job or already working in a relevant field and want to improve your education, your employer can fund your tuition fees. You need to talk to them to see if you are eligible and if they are willing to support the cost.

Payment plans

AAT Level 3 Diploma is covered with our interest-free payment plan. You must spend a minimum of £500 on qualifying for a payment plan. This allows you to expand the cost of your tuition for up to 12 months at no extra cost.

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 AAT qualification.

Students may be eligible for the exemption if they have:

Previous finance or accounting qualifications

Degree in accounting or finance

Career opportunities and development

AAT Diploma in Accounting Level 3 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 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

Why study AAT AQ2022 Level 3 with Future Connect:

AAT Certified and Approved Training Provider

Expert classroom-based help is available.

Evening and weekend sessions are available.

Contact your tutor regularly for custom study plans.

Access to accounting software such as Sage, Zero, QuickBooks

Preparation of expert CV

Job Market Awareness Sessions

Reference to potential employers

FAQs

Q.1. 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. AAT level 2 is equal to GCSE, level 3 is two A levels and level 4 is equivalent to QCF level 4 qualification.

Q.2. Can I study AAT Level 3 by myself?

You will need to purchase AAT textbooks or choose a self-study package with a training provider to work through our units. You will still need to register with AAT, which will give you access to study support on our AAT Life Long Learning Portal and the ability to sit for assessment.

Q.3. Is AAT Level 3 a Qualified Accountant?

This qualification provides technical training in accounting and is ideal for anyone looking to pursue a career in accountancy and finance. Studying for this qualification will give students lifelong professional accountancy and finance skills.

Click here to find more about AAT Q2022 Level 3 Advanced Diploma in Accounting.

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