AAT Level 4 Accounting Qualification 2022

Study this qualification to learn advanced accounting tasks, and qualify for AAT full membership along with several senior finance rules.

How long does it take?

12-18 months (Depending on the study method and course timetable)

Total eligibility time (hours)


Number of diagnoses

6 (Learn how AAT reviews work)

Full Credit (Scotland only)


Guided learning hours


What does it cover?

The Professional Diploma in Accounting covers the preparation of financial statements, budget management and financial performance, and optional specialist units, including business tax, personal tax, external auditing, credit management, and cash and treasury management. 


Management Accounting: Budgeting

  • Prepare revenue and expense forecasts.
  • Prepare a budget.
  • Show how budgeting can improve organisational performance.
  • Report budget information to management clearly and appropriately.

Management Accounting: Decision and Control

  • Analyse cost techniques to support an organisation’s management accounting function.
  • Calculate and use standard costs to improve performance.
  • Demonstrate a range of statistical methods for analysing business info.
  • Use appropriate methods to assist in decision-making.
  • Take a look at various cost management techniques to increase value and help make decisions.

Financial statements of limited companies

  • Demonstrate an understanding of reporting frameworks and ethical principles that emphasise financial reports.
  • Key features of financial statements.
  • Produce legal and financial information for a limited company.
  • Draft Unified Financial Statements
  • Interpret financial statements using ratio analysis.

Accounting system and control

  • Understanding the role and responsibilities of the accounting function within an organisation.
  • Evaluate the internal control system.
  • Review an organisation’s accounting system and underpayment procedures.
  • Analyse recommendations for improving an organisation’s accounting system.

Business tax (optional unit)

  • Complete tax returns and prepare helpful tax accounts for sole proprietorships and partnerships.
  • Complete tax returns for limited companies.
  • Advice on the UK tax system and its effects on sole traders, partnerships and limited companies.
  • Advise business clients on tax exemptions, their responsibilities and their agent’s responsibilities in reporting tax to HMRC.
  • Prepare tax calculations for the sale of capital assets.

Personal tax (optional unit)

  • Analyse the ideas, principles and principles that strengthen the tax system.
  • Calculate the total income of UK taxpayers.
  • Calculate income tax and National Insurance payable by UK taxpayers.
  • Account for Capital Gains Tax.
  • Discuss the basics of inheritance tax.

External auditing (optional unit)

  • Demonstrate understanding of auditing principles.
  • Demonstrate the importance of professional ethics.
  • Review the internal control system of the audited entity.
  • Review audit procedures to obtain audit evidence.
  • Review the audit procedure. Review the planning process.

Cash and Treasury Management (Optional Unit)

  • Use statistical techniques and financial information to predict cash receipts and payments.
  • Prepare cash budgets and monitor cash flow within the organisation.
  • Review the cash management principles in the context of regulation and government monetary policies.
  • Review ways to raise funds according to organisational requirements.
  • Review ways to invest surplus funds within corporate guidelines.

Credit Management (Optional Unit)

  • Analyse relevant legislation and contract law that affects the credit control environment.
  • Critically analyse information from various sources to assess credit risk and provide credit for compliance with organisation policies and procedures.
  • Consider a range of debt collection techniques.
  • Critically review credit control according to organisational policies and procedures.
  • Provide advice and recommendations to the management on the credit-control system.

Professional Diploma Synoptic Assessment

It asks students to apply their knowledge and skills coherently within the workplace. Scenarios change over time to ensure accuracy.

How long does it take

It 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.

Jobs that can lead it.

  • 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


Training provider fees

£ 600– £ 2,000

Standard eligibility fee

The standard eligibility fee includes five diagnostic fees of £ 49 per assessment and a synoptic assessment fee of £ 56, for a total of £ 301.

Entry requirements

Students can start with any qualification based on current skills and experience. For the best chance of success, we suggest that students begin their education with good English and Maths.


Those who can provide proof of previous, relevant qualification from an external awarding body may not be required to sit in all AAT reviews.


To become the best, one has to choose a relevant course of AAT to accomplish your desires.

AAT leads you towards your future goals and makes it easier for you to achieve them. So, AAt is the best option you can have, and we can guide you towards it. 

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