AAT Q2022 Level 4 Professional Diploma in Accounting

AAT Level 4 is the highest level of AAT qualification. Once you have reached level 4, you will qualify as AAT Accountancy Technician.

This level is based on the Level 3 Diploma in Accounting knowledge. After passing, you can work in accounting roles or study chartered accountancy.

Like most qualifications, Level 4 is considered more rigorous than other basic levels. Completing Level 4 qualification will give you the understanding and confidence you need to progress in further education such as CIMA, ACCA and ICAEW.

Learn More About Funded AAT Level 4

What does it cover?

The Professional Diploma in Accounting covers the preparation of financial statements, budget management and financial performance review, and optional specialist units, including business tax, personal tax, external auditing, credit management, and cash and treasury management. It covers advanced accounting functions and can have a range of financial roles.

The course consists of three compulsory units (also called subjects) and five optional units. You must pass all required assessments and two optional unit tests to qualify.

How long does it take?

It normally takes 18 months to complete the qualification, but it will depend on the study method and course timetable. It may be completed in nine months.

Syllabus

As you learn how to prepare financial statements for limited companies, deal with complex management accounting techniques, and deal with the internal controls required for a business, you will enhance your skills from Level 3. You will also learn about business and personal tax, auditing, cash and financial management, or debt management.

Drafting and Interpreting Financial Statements (DAIF)

Learn about drafting financial statements, the relevant accounting standards, and limited companies' stability. You will also gain expertise in interpreting the financial statements of limited companies using ratio analysis.

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

Applied Management Accounting (AMAC)

You will learn how to implement organisational planning in an organisation, use internal processes to enhance operational control, and make short-term and long-term decision-making techniques.

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

Internal Accounting Systems and Controls (INAC)

You will demonstrate your understanding by reviewing an organisation's internal controls and accounting systems and making recommendations for any weaknesses you may see. You will also learn how technology can affect the role and responsibilities of the accounting system and the accounting function within an organisation.

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

(optional units - choose two):

Business Tax (BNTA)

You will learn how to calculate taxes for the sale of capital assets through sole traders, partnerships and limited companies. You will also understand the requirements of UK tax law, the implications of errors, the late filing of tax returns, and the ethical conduct of business.

The number of lessons:

Classroom: 5 days / 10 pm
Live Online: 5 days / 10 sessions
On Demand / Distance Learning: Study at your own pace
Subject Evaluation: Computer Based Examination

Personal Tax (PNTA)

You will learn about the principles, rules, and implications of the tax system. Calculate taxpayers' total income, income tax, NI, and capital gains tax.

The number of lessons:

Classroom: 5 days / 10 pm
Live Online: 5 days / 10 sessions
On Demand / Distance Learning: Study at your own pace
Subject Evaluation: Computer Based Examination

Audit and Assurance (AUDT)

You will understand the importance of audit and assurance frameworks and professional ethics. You will also learn to conduct an external audit, which includes planning and obtaining sufficient and appropriate evidence.

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

Cash and Financial Management (CSFT)

You will learn how to make forecasts for monitoring cash receipts and payments, cash budgets and cash flows. When a business has a cash budget deficit or surplus, you will gain practical skills to take appropriate action to maximise its wealth.

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

Credit and Debt Management (CRDM)

You will learn how to assess credit risks, make credit grants, borrow from consumers, and the principles of effective credit control. You will also learn about relevant legislation, contract law, and ethical principles in a credit control environment.

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

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 assessments 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

Standard eligibility fee

The standard eligibility fee includes £251 for registration and five Assessment fees of £100 per assessment, for a total of £751.

Funding options

Apprenticeships

You may be entitled to an apprenticeship through your employer, depending on your qualification. For more detailed information, contact our Student Services team.

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

Our interest-free payment plan covers the AAT Level 4 Diploma in Professional Accounting. You must spend a minimum of £500 on qualifying for a payment plan. This will spread the cost of your tuition for up to 12 months at no extra cost.

Entry requirements

You must complete an AAT Level 3 Diploma 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

Exemption from ACCA, CIMA, ICAEW and others

Upon passing this qualification, students will be eligible for exemption from specific papers on ACCA, CIMA, ICAEW and other professional qualifications.

Jobs that can lead to

Supervisor of accounts payable and expenses

Assistant Financial Accountant

Trade analyst

Cost accountant

Fixed Asset Accountant

Indirect tax manager

Payment and billing manager

Payroll Manager

Senior bookkeeper

Senior Finance Officer

Senior Fund Accountant

Senior Bankruptcy Administrator

Tax supervisor

VAT accountant

Why consider AAT Level 4 in the Accounting Foundation Certificate with Future Connect:

Full AAT curriculum coverage

Real-life examples to put your education into practice

Expert scope and depth of content

Help students during your studies

Recruitment Center

FAQs

Q.1. What is the equivalent of Level 4 AAT?

AAT level 4 is equivalent to a diploma level. This equates to the first year of HNC qualification or degree on QCF and enables you to become an AAT Fellow Member. It explains to students the complex accounting methods such as drafting, budget management and financial performance estimation.

Q.2. Is AAT Level 4 a Qualified Accountant?

The final AAT accountancy qualification course is the Professional Diploma in Accounting (Level 4), which can lead to the status of Professional AAT Accountant (MAAT). In terms of study, this foundation is equivalent to a degree.

Q.3. Is ACCA harder than AAT?

ACCA is considered a very difficult qualification, but the rewards are worth the effort. After qualifying for AAT, you will also be eligible for a waiver in the ACCA exam.