Wbs Popup Revised 1

Winter Business School

 January Intake

Get 15% Off*


*Offer valid until 30th Nov 2023

AAT Level 4 Professional Diploma in Accounting

The AAT Professional Diploma in Accounting covers higher level skills, including drafting financial statements, managing budgets and evaluating financial performance. On completion, students will be able to specialise in areas such as tax, auditing and credit control.

The Level 4 Professional Diploma in Accounting is structured differently to the other levels. There are four mandatory units then a choice of two units from five. To gain the full qualification, six units will be completed and six exams.

AAT Level 4 Accounting

The mandatory units and exam methods are listed below:

  • Financial Statements of Limited Companies/Unit assessment and synoptic assessment
  • Management Accounting Budgeting/Unit assessment and synoptic assessment
  • Management Accounting Decision and Control/Unit assessment and synoptic assessment
  • Accounting Systems and Control/Synoptic assessment only
Enquire now
AAT Level 4 Accounting

The optional units and exam methods are listed below:

  • Business Tax/Unit assessment only
  • Personal Tax/Unit assessment only
  • External Auditing/Unit assessment only
  • Cash and Treasury Management/Unit assessment only
  • Credit Management/Unit assessment only

The synoptic assessment includes questions that cover the whole syllabus. For Level 4, only the mandatory units are included in the synoptic assessment. Accounting systems and control is examined only within the synoptic assessment and does not have its own grade.

AAT Level 4 Accounting

Key Facts

Course Duration

  • The course duration is flexible but can take up to 12 months.


Exam timetable

  • Exams can be taken whenever you are ready – there are no set dates.

What will you learn in each AAT Level 4 unit?

Financial Statements of Limited Companies

  1. Demonstrate an understanding of the reporting frameworks and ethical principles that underpin financial reporting
  2. Demonstrate an understanding of the key features of a published set of financial statements
  3. Draft statutory financial statements for a limited company
  4. Draft consolidated financial statements
  5. Interpret financial statements using ratio analysis


Management Accounting Budgeting

  1. Prepare forecasts of income and expenditure

  2. Prepare budgets
  3. Demonstrate how budgeting can improve organisational performance
  4. Report budgetary information to management in a clear and appropriate format


Management Accounting Decision and Control

  1. Analyse a range of costing techniques to support the management accounting function of an organisation
  2. Calculate and use standard costing to improve performance
  3. Demonstrate a range of statistical techniques to analyse business information
  4. Use appropriate financial and non-financial performance techniques to aid decision-making
  5. Evaluate a range of cost management techniques to enhance value and aid decision-making


Accounting Systems and Control

  1. Demonstrate an understanding of the role and responsibilities of the accounting function within an organisation
  2. Evaluate internal control systems
  3. Evaluate an organisation’s accounting system and underpinning procedures
  4. Analyse recommendations made to improve an organisation’s accounting system


Business Tax (optional)

  1. Complete tax returns for sole traders and partnerships and prepare supporting tax computations
  2. Complete tax returns for limited companies and prepare supporting tax computations
  3. Provide advice on the UK’s tax regime and its impact on sole traders, partnerships and limited companies
  4. Advise business clients on tax reliefs and their responsibilities as well as their agent’s responsibilities in reporting taxation to HMRC
  5. Prepare tax computations for the sale of capital assets


Personal Tax (optional)

  1. Analyse the theories, principles and rules that underpin taxation systems
  2. Calculate a UK taxpayer’s total income
  3. Calculate income tax and National Insurance (NI) contributions payable by a UK taxpayer
  4. Account for capital gains tax
  5. Discuss the basics of inheritance tax


External Auditing (optional)

  1. Demonstrate an understanding of the principles of auditing
  2. Demonstrate the importance of professional ethics
  3. Evaluate the audited entity's system of internal control
  4. Evaluate audit procedures for obtaining audit evidence
  5. Evaluate the planning process
  6. Evaluate audit procedures


Cash and Treasury Management (optional)

  1. Use statistical techniques and financial information to prepare forecasts of cash receipts and payments
  2. Prepare cash budgets and monitor cash flows within the organisation
  3. Evaluate the principles of cash management within the context of regulation and government monetary policies
  4. Evaluate ways of raising finance in accordance with organisational requirements
  5. Evaluate ways of investing surplus funds within organisational policies


Credit Management (optional)

  1. Analyse relevant legislation and contract law that has an impact on the credit-control environment
  2. Critically analyse information from a variety of sources to assess credit risk and grant credit in compliance with organisational policies and procedures
  3. Evaluate a range of techniques to collect debts
  4. Critically evaluate credit control in line with organisational policies and procedures
  5. Present advice and recommendations to management on the credit-control system

  • A good command of English and maths is expected.
  • It is highly recommended to finish level 3 to progress to level 4.
  • It is possible to enter directly at level 4, depending on prior qualifications and experience.

* Please see full Terms and Conditions for more information.

Maruf Aripdjanov
“The great thing about LSBF is that the tutors are very experienced, they have industry knowledge as well as theoretical knowledge. I have studied with the best tutors at LSBF."
Maruf Aripdjanov
ACCA + BSc Applied Accounting
Usmaan Rehman
"Tutors were very knowledgeable, they had a very good background with ACCA, they were quite well recognised and accredited."
Usmaan Rehman
ACCA Campus
Sherryann Bourne
"The tutors and the material provided made passing each exam a lot easier. The class notes made it so easy to cover the entire syllabus and to ensure I had a deeper understanding of key topic areas."
Sherryann Bourne
ACCA Online
Star rating: 4.59999990463257 - Excellent
Based on 313 reviews
PQ Magazine Small

Request More Information

Message us on WhatsApp or contact a programme advisor by phone:

+44 (0) 20 3005 6336

Back to top