AAT Level 3 Diploma in Accounting 2014-15

PrerequisitesUpdated£

The AAT Level 3, Diploma in Accounting, introduces to students to more complex financial processes and accounting tasks, the principles of VAT, professional ethics and develops their spreadsheet skills.

• If you would like to be considered for the 2014-15 University programme please register your interest here. Deadline for applications 27 August 2014
• Alternatively, if you are keen to progress with your studies and are able to self-fund yourself please email Finance.Training@admin.cam.ac.uk for details of options and costs with local external providers.

Departmental or College accounts staff who have completed Level 2, or who are already at a more intermediate level and are looking to develop their accounting skills.

Previous Knowledge
Prospective students must demonstrate that they have a sound understanding of the principles of double-entry book keeping gained from

• completion of the Level 2 Certificate in Bookkeeping/Certificate in Accounting;
• completion of AAT Foundation;
• completion of AAT Level 2; or
• previous accountancy experience, or qualifications.

Prospective students will be expected to demonstrate that this knowledge is up to date by completion of the AAT Skills Check .

Approval
In addition students' applications must be supported by their line managers and individuals must agree to the conditions of funding. Final acceptance on to the course will be subject to the Finance Training Manager's approval.

Number of sessions: 24

#	Date	Time	Venue		Trainer
1	Tue 16 Sep 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
2	Tue 23 Sep 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
3	Tue 30 Sep 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
5	Tue 14 Oct 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
6	Wed 22 Oct 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
7	Mon 3 Nov 2014   09:30 - 13:30	09:30 - 13:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
8	Mon 10 Nov 2014   09:30 - 13:30	09:30 - 13:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
9	Tue 18 Nov 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
10	Tue 25 Nov 2014   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
11	Wed 10 Dec 2014   09:30 - 17:30	09:30 - 17:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
12	Tue 13 Jan 2015   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
13	Wed 28 Jan 2015   09:30 - 17:30	09:30 - 17:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
14	Tue 24 Feb 2015   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
15	Tue 3 Mar 2015   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
16	Tue 10 Mar 2015   09:30 - 16:30	09:30 - 16:30	Department of Physics, 213 Bragg Commitee Room	map	Helen Parker
17	Mon 16 Mar 2015   09:30 - 16:30	09:30 - 16:30	Computer Lab, SW01	map	Helen Parker
19	Mon 20 Apr 2015   09:30 - 13:30	09:30 - 13:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
20	Mon 27 Apr 2015   09:30 - 13:30	09:30 - 13:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
21	Tue 5 May 2015   09:30 - 16:30	09:30 - 16:30	Hauser Forum, Seminar Room 3	map	Helen Parker
22	Mon 18 May 2015   09:30 - 17:30	09:30 - 17:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
23	Tue 9 Jun 2015   09:30 - 16:30	09:30 - 16:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
24	Mon 29 Jun 2015   09:30 - 17:30	09:30 - 17:30	Finance Division, Finance Training Room 1 - Not to be used	map	Helen Parker
25	Wed 22 Oct 2014   09:30 - 12:30	09:30 - 12:30	Finance Division, Finance Training Room 2 - Not to be used	map	Helen Parker
26	Tue 24 Mar 2015   09:30 - 16:30	09:30 - 16:30	Hauser Forum, Seminar Room 3	map	Helen Parker

Accounts Preparation

• Preparation of final accounts for sole traders, developing your understanding of accounting systems and the environment and principles under which organisations operate.
• Accounting adjustments and accounting for fixed assets

Prepare Final Accounts for Sole Traders and Partnerships

• Legal requirements and preparation of partnership accounts, showing division of profits after adjusting for interest on capital, interest on drawings and any salaries due to each partner.
• Preparation of final accounts for partnerships and developing skills in restructuring accounting information.
• Preparing final accounts for sole traders, including the accounting treatment required to incorporate accruals and prepayments, provision for depreciation, irrecoverable debts and allowance for doubtful debts.

Professional Ethics

• Importance of ethical duties and how to work within the code to ensure that the public can gain confidence in accounting practices or functions.
• Protecting your and your organisation’s professional reputation and integrity.

Costs & Revenues

• Identifying why cost-accounting is an important tool to an organisation.
• Different approaches to cost accounting and making informed and reasoned judgements to guide management and aid decision making.

Spreadsheets

• How to use software for recording data in rows and columns, perform calculations with numerical data and present information using charts and graphs.

Indirect Tax

• Understanding current VAT regulations and building your knowledge of VAT registration requirements, different VAT schemes available, penalties for non-compliance and the different types of classification of supplies.
• Performing the calculations needed to complete a VAT return.
• Submitting completed documentation in a timely manner while maintaining an effective working relationship with the relevant tax authority.

The Diploma is split into seven units:

• Accounts Preparation
• Prepare Final Accounts for Sole Traders and Partnerships
• Professional Ethics
• Costs & Revenues
• Spreadsheets
• Indirect tax

Students to complete and sit examinations sucessfully in all six units within a year

Normally a mixture of classroom tuition plus approx 6-7 hours per week self study

See the AAT's web site

Study and exams over typically a 9 month period