AAT Unit Internal Accounting Systems & Controls Level 4

In a nutshell

The AAT Level 4 Diploma in Professional Accounting increases employment opportunities in accountancy. This unit, Internal Accounting Systems and Controls, covers the role and responsibilities of the accounting function, stakeholder needs, and system weaknesses.

You'll learn analytical methods to evaluate changes, statutory compliance, and cost-effective controls. You will also explore data analytics, AI, cloud accounting, and data security

This course is for you if...

... You have successfully completed the AAT Level 3 Advanced Diploma in Accounting and want to continue to build your accounting skills.

… You want to go on to become an AAT full member and / or go onto study for chartered accountant status.

… You want to start your own business through the AAT licensed members scheme.

What will I be doing?

You will enhance the skills you developed from Level 3 Diploma in Accounting and acquire lifelong professional accounting and finance skills, enabling you to maximise your opportunities within your accounting career.

The AAT Level 4 Accounting has three mandatory units:

• Applied Management – you will learn how to implement organisational planning processes in an organisation, use internal processes to enhance operational control, and techniques to decide on short-term and long-term decision making.
• Drafting and Interpreting Financial Statements – you will learn about drafting financial statements for single entities and relevant accounting standards and the consolidation of limited companies. You will also gain the skills to interpret the financial statements, using ratio analysis.
• Internal Accounting Systems and Controls – You will demonstrate your understanding by evaluating internal controls and accounting systems within an organisation, and make recommendations to any weaknesses you find.

By applying here you are purchasing Internal Accounting Systems and Controls unit, you will need to also purchase the Applied Management and Accounting and Drafting and Interpreting Financial Statements to complete all of the core units for AAT Level 4.

You will also need to complete two optional units - we currently offer:

• Credit and Debt Management – You will learn the techniques to assess credit risks, grant credit, how to collect debt from customers, and the principles of effective control in an organisation.
• Cash and Financial Management – You will learn how to prepare forecasts for cash receipts and payments, cash budgets and monitor cash flows.

To gain the Level 4 Accounting qualification you need to complete all five of the above modules, you can purchase each module separately.

What comes next?

n completion of this course, and having met AAT’s criteria, you can apply for full AAT membership, which will allow you to use the designatory letters MAAT after your name.

However, the primary and most important outcome of the Level 4 Diploma in Professional Accounting is that it can lead to a wide variety of well-paid accountancy and finance jobs, some of which include:

• Professional Accounting Technician
• Assistant Auditor
• Assistant Management Accountant
• Commercial Analyst
• Payroll Manager
• Senior Bookkeeper
• Senior Financial Officer
• Accounts Payable and Expenses Supervisor
• Assistant Financial Accountant
• Cost Accountant
• Fixed Asset Accountant
• Indirect Tax Manager
• Payments and Billing Manager
• Senior Fund Accountant
• Senior Insolvency Administrator
• VAT Accountant

Completion of this course also offers you a fast track route to chartered accountancy status as AAT will give you generous exemptions from all UK chartered and certified bodies.

Additional information

This is a roll-on / roll-off course with flexible start dates. We recruit students all year round.

This is also a blended learning course (a mix of traditional in-person with a teacher in a classroom and learning activities using digital technologies, from home).

This course is progression from Level 3 Diploma in Accounting and will enable you to gain further skills to progress within the accountancy field.

Other costs associated with the course include:

Books £30 per module approximately

AAT Registration (payable to AAT) £240