What opportunities will this course give me?
Once qualified, students automatically become AAT affiliate members and, with relevant work experience, will qualify for AAT full membership, enabling use of the designatory letters MAAT after their name. However, the primary and most important outcome of this qualification is that it can lead to a wide variety of well-paid accountancy and finance jobs, some of which are professional accounting technician, assistant auditor, assistant management accountant, commercial analyst, payroll manager, senior financial officer, accounts payable and expenses supervisor, assistant financial accountant, cost accountant, fixed asset accountant, indirect tax manager, senior fund accountant, senior insolvency administrator, tax supervisor and VAT accountant. The AAT qualification can give qualified students exemptions towards part of the UKs chartered and certified accountancy qualifications.
What will I be learning?
This unit provides an understanding and application of the principles of effective credit control systems, including appropriate debt management systems. Organisations will usually offer credit terms to its customers, which could lead to financial difficulties if customers pay late or do not pay at all. It is therefore important to determine that potential credit customers can honour any credit terms agreed.
This unit will consider the techniques that can be used to assess credit risks in line with policies, relevant legislation and ethical principles. Equally, once the credit decision has been approved, it will be important to ensure that any debts due from the customer are paid within the terms agreed. Students will also consider what techniques are used to enable the collection of any overdue debts, following organisational policies, legal procedures and methods for collecting debts.
Knowledge and use of performance measures relating to liquidity, profitability and gearing are fundamental to this unit. Students will also develop their understanding of liquidity management, bankruptcies and insolvencies, as well as the mechanisms of invoice discounting, factoring and credit insurance.
This unit is optional in the Level 4 Diploma in Professional Accounting.
Why is this course for me?
Each unit of the full qualification is studied and assessed separately and each unit may take up to 14 - 27 weeks to complete. Successful completion of all units will result in the student being awarded a Professional Diploma in Accounting (Level 4) by the AAT. The course of study is via distance learning. Study text books and online resources are supplied upon commencement and supplemented by administrative email and telephone support from the Distance Learning Coordinator, as well as limited individual 1:1 tutorial upon request. The first three mandated and the two chosen specialist units are assessed individually in end-of-unit computer-based assessments. Exams are taken at the college by way of computer based assessment, the assessment for this module must be taken by the end of the unit learning agreement.
What do I need to sign up?
Applicants must have achieved a Level 3 accounting qualification. 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. All 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. This module is available from 01 February 2022.
Text and revision workbooks are provided as well as specialist online resources.
Please note that all courses are subject to minimum numbers and course descriptions may be subject to change. A place on your chosen course is not confirmed until all of the necessary enrolment paperwork is signed and any relevant fees are paid. The team will be in touch to discuss this with you, once your application has been processed.
Click an option below to see more details and to apply.
|CRDM||Distance Learning||–||16||£386.00||£386.00||Apply now|
* Please note that although this tool looks to give customers the best indication of course costs, a final cost can only be confirmed once all submitted information is verified by our information, advice and guidance team.
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Matt - Accountancy apprentice
A Level 2 accounting course at Eastleigh College whet Matt's appetite for accountancy and gave him the opportunity to gain work experience at a local accountancy firm. The following year he joined the firm as a Level 3 apprentice, and is now well on his way to completing a Level 4 qualification.
New sector guides simplify funding and training opportunities available to employers
The first in a series of guides for employers is published today as part of an ongoing collaboration between Eastleigh College, Solent University and employers working together to upskill people and businesses in the city of Southampton, the Solent region and the ‘Central South’ economy.