Level 4 Accounting

The aim of this qualification is to enhance the skills developed in the intermediate level. You’ll look at financial team leader skills, including financial statements for limited companies, complex management skills and specialist learning areas.
Upon completion, you will automatically become an AAT affiliate member and with relevant work experience will qualify for AAT full membership

The advanced level will suit you if:
● You’ve completed the intermediate accounting level and would like to build your skills
● You’re already working in finance and you’d like a formal recognition of your skills
● You would like to go onto be an AAT full member or study for chartered status

APPLIED MANAGEMENT ACCOUNTING
● Understand and implement the organisational planning process
● Use internal processes to enhance operational control
● Use techniques to aid short-term decision making
● Analyse and report on business performance

DRAFTING AND INTERPRETING FINANCIAL STATEMENTS
● Understand the reporting frameworks that underpin financial reporting
● Draft statutory financial statements for limited companies
● Draft consolidated financial statements
● Interpret financial statements using ratio analysis

INTERNAL ACCOUNTING SYSTEMS AND CONTROLS
● Understand the role and responsibilities of the accounting function within an organisation
● Evaluate internal control systems
● Evaluate an organisation’s accounting system and underpinning procedures
● Understand the impact of technology on accounting systems
● Recommend improvements to an organisation’s accounting system

SPECIALIST UNITS
CASH AND FINANCIAL MANAGEMENT
● Prepare forecast for cash receipts and payments
● Prepare cash budgets and monitor cash flows
● Understand the importance of managing finance and liquidity
● Understand ways of raising finance and investing funds
● Understand regulations and organisational policies that influence decisions in managing cash and finance

CREDIT AND DEBT MANAGEMENT
● Understand relevant legislation and contract law that impacts the credit control environment
● Understand how information is used to assess credit risk and grant credit in compliance with organisational policies and procedures
● Understand different techniques available to collect debts