AAT Level 4 – Drafting and Interpreting Financial Statements (DAIF)

Mapped to the AAT Q2022 syllabus | Perfect for self-study or classroom use

AAT Level 4 - Drafting and Interpreting Financial Statements Self Study Book

Our Drafting and Interpreting Financial Statements study book offers structured, easy-to-follow explanations to help you master key concepts and prepare confidently for your AAT assessments.

This comprehensive guide uses clear language, practical examples, and helpful illustrations to walk you through each topic. It’s ideal for both classroom and independent study.

£29.90

Description

This is a mandatory unit for the Level 4 Diploma in Professional Accounting.

In this unit, you will acquire the essential skills and knowledge for crafting financial statements of individual limited companies as well as consolidated financial statements for groups of companies. The course ensures that you attain a proficient level of understanding of international accounting standards, which will then be applied when preparing financial statements. Furthermore, you will develop a solid appreciation for the regulatory and conceptual frameworks that underpin the preparation of financial statements for limited companies.

Upon successful completion of this unit, you will be expected to independently draft the financial statements of single limited companies and groups of companies with minimal supervision. Equipped with the necessary tools and techniques, you will also be able to analyse and interpret the financial statements of limited companies using ratio analysis. This skill will enable you to provide valuable assistance to external user groups in their decision-making processes, making you an integral part of any accounting team.

Who Is This Book For?

  • Students studying AAT Level 4 Accounting
  • Anyone preparing for the Drafting and Interpreting Financial Statements (DAIF) assessment

What You’ll Learn

  • 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

What’s Inside

  • Chapter 1: Background to Financial Accounting
  • Chapter 2: Financial Statements of Limited Companies
  • Chapter 3: Equity
  • Chapter 4: Assets
  • Chapter 5: Other Accounting Standards
  • Chapter 6: Statement of Cash Flows
  • Chapter 7: Consolidated Accounts
  • Chapter 8: Financial Ratios
  • Mock Exam
  • Activity Answers
  • Mock Exam Answers

Practice questions and assessment-style tasks throughout.

What’s Included

  • Printed book (includes a mock exam)
  • Free access to our online portal which includes:
    • Electronic version of your study book
    • Auto-marked assessments – instant feedback
    • 1 additional mock exam in the online portal

Why Choose Accountext Study Materials?

  • Written by experienced AAT tutors who understand how students learn
  • Mapped directly to AAT’s syllabus for the DAIF unit
  • Includes worked examples, real-life scenarios, and practice tasks
  • Easy to follow — ideal for self-study or as a classroom companion
  • Trusted by 5,000+ AAT students across the UK

FAQs

Is this book up to date with the 2022 syllabus?

Yes, it is fully aligned with the AAT Q2022 syllabus for the DAIF unit.

Does it include exam-style practice questions?

Yes — each chapter includes review tasks, with additional end-of-book mock questions to reinforce learning.

Product details

  • Title: AAT Level 4 – Drafting and Interpreting Financial Statements (DAIF)
  • Author / Publisher: Accountext Publishing
  • Binding Type: Paperback / Spiral-Bound
  • Page Count: 320 pages
  • ISBN: 978-1-8369-0301-7
  • Dimensions: A4 (210 x 297mm)
  • Language: English
  • Format: Print
  • Mapped To: AAT Q2022 Syllabus (DAIF unit)
  • Qualification Level: AAT Level 4 Diploma in Accounting
  • AAT Unit Code: DAIF
  • OfQual Unit Number: L/618/3593

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