What opportunities will this course give me?

Skills developed through this qualification can lead to employment as an accounts assistant, an accounts payable and expenses supervisor, an accounts payable clerk, an audit trainee, a credit controller, a finance officer, an indirect tax manager, an insolvency executive, a payroll supervisor, a senior bookkeeper, and a tax assistant

What will I be learning?

This unit provides students with the skills required to produce statements of profit or loss and statements of financial position for sole traders and partnerships using a trial balance. In employment, students may be required to prepare a portion of, or all, the final accounts and this unit will give them the theoretical knowledge needed to complete that task. It will also allow them to understand how final accounts have been produced, either manually or automatically through use of accounting software.

Students will gain the double-entry bookkeeping skills required to record financial transactions into an organisations accounts using a manual bookkeeping system. They will take this forward to carry out adjustments, ensuring that the accounts conform to the accruals basis of accounting. Students will understand depreciation,
where the loss of value of a non-current asset during a period is reflected in the profit figure for that period. They will also learn to account for allowances for doubtful receivables where account is taken of the likelihood that not all credit customers will pay in full. These adjustments are regularly carried out by employers to ensure accounts give a more accurate view of both the profitability and the financial stability of the organisation.

By developing an awareness of how the final accounts are used, and by whom, students will appreciate how to produce useful accounting records, sometimes from incomplete information. They will learn about the format of both the statement of profit or loss and the statement of financial position. Students will also learn how to use
their double-entry bookkeeping skills to analyse and correct errors that have been made in the ledgers. Students will also be required to check the accuracy of the balances on key accounts within the accounting system by carrying out reconciliations with independent documents, such as bank statements. Accounting ratios to assess the profitability of sole traders will also be introduced, allowing students to interpret financial statements more
effectively.

The application of ethical principles is threaded throughout this unit. All work must be carried out with integrity, objectivity and a high degree of professional competence.

Why is this course for me?

Each unit of this full qualification is studied and assessed separately and each unit may take anything from 10 to 25 weeks to complete. Successful completion of all units will result in an award of the Advanced Diploma in Accounting (Level 3) from the AAT.

this course of study is via distance learning. Study text books and online resources are supplied upon commencement email and telephone administrative support is available from the Distance Learning Coordinator, as well as limited individual 1:1 tutorial support upon request.

Exams are taken at the college by way of computer based assessment and the assessment for this unit must be completed by the end of the unit learning agreement.

What do I need to sign up?

Applicants must have achieved a Level 2 accounting or book-keeping qualification, or be able to demonstrate a competent knowledge and understanding of double-entry book-keeping and basic accounting functions. Candidates will be required to attend an interview with the course administrator prior to commencing on the course and demonstrate an appropriate standard of Literacy and Numeracy by way of a short assessment. Some elements of the course include a significant amount of writing and literacy skills are as critical as numeracy skills. Basic IT skills will also be required.

Is there anything else I need to know?

The Association of Accounting Technicians (AAT) is a professional body and membership is required in order to undertake this qualification. Registration with the AAT must be made upon commencement of the course and will incur an additional cost.

Text and revision workbooks are provided as well as specialist online resources.

This module of study will be available from 01 February 2022.

Application Information

Apply by clicking on the APPLY NOW link on this page. Alternatively, you can apply by completing an application form through our Information, Advice and Guidance team by telephone 023 8091 1299 or via email at goplaces@eastleigh.ac.uk.

*Fees will apply if you are over 18. You may be eligible for fee support or a loan. To find out an accurate cost, based on your individual circumstances, please contact our Information, Advice and Guidance team.

Course Code

AC22U3/FAPS

Need some further advice?

If you require further advice and guidance about any course costs and/or the funding options available to you, the College has a dedicated Information, Advice and Guidance team who can be contacted on telephone 023 8091 1299.