Description

This is a complete set of study textbooks for all of the units which make up the AAT Level 3 Diploma in Accounting.

The textbooks included are for the following 4 units:

• Tax Processes for Businesses
• Financial Accounting: Preparing Financial Statements
• Management Accounting Techniques
• Business Awareness

Tax Processes for Business

• Understand legislation requirements relating to VAT
• Calculate VAT
• Complete VAT returns
• Understand the principles of payroll
• Report information within the organisation

Management Accounting Techniques

• Understand the purpose and use of management accounting within organisations
• Use techniques required for dealing with costs
• Attribute costs according to organisational requirements
• Investigate deviations from budgets
• Use spreadsheet techniques to provide management accounting information
• Use management accounting techniques to support short-term decision making
• Understand principles of cash management

Financial Accounting: Preparing Financial Statements

• Understand the accounting principles underlying final accounts preparation
• Understand the principles of advanced double-entry bookkeeping
• Implement procedures for the acquisition and disposal of non-current assets
• Prepare and record depreciation calculations
• Record period-end adjustments
• Produce and extend the trial balance
• Produce financial statements for sole traders and partnerships
• Interpret financial statements using profitability ratios
• Prepare accounting records from incomplete information

Business Awareness

• Understand business types, structures and governance, and the legal framework in which they operate
• Understand the impact of the external and internal environment on businesses, their performance and decisions
• Understand how businesses and accountants comply with principles of professional ethics
• Understand the impact of new technologies in accounting and the risks associated with data security
• Communicate information to stakeholders