AAT L3 - Book Keeping Course
This unit provides students with the skills required to produce statements of profit or loss and statements for financial position for sole traders and partnerships, using a trial balance. This unit also explores tax processes that influence the daily operations of businesses and is designed to develop students’ skills in understanding, preparing and submitting Value Added Tax (VAT) returns to HM Revenue and Customs (HMRC).
Description
This unit provides students with the skills required to produce statements of profit or loss and statements for financial position for sole traders and partnerships, using a trial balance. This unit also explores tax processes that influence the daily operations of businesses and is designed to develop students’ skills in understanding, preparing and submitting Value Added Tax (VAT) returns to HM Revenue and Customs (HMRC).
Learning outcomes
- Understand the accounting principles underlaying 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.
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Understand legislation requirements relating to VAT.
- Calculate VAT.
- Review and verify VAT returns.
- Understand principles of payroll.
- Report information within the organisation.
Upon completing this unit, the learner will sit an invigilated exam at Training 2000. The course cost includes 1 exam attempt. Any resits would need to be booked and paid for separately.
Delivery
1 day a week onsite at Training 2000, Blackburn
Important Information
The price of the course does NOT include the learners one-time registration fee of £94.00 plus VAT. This is payable directly to AAT.
Prerequisites
There are no formal entry requirements for this course.
However, if you are unsure which level is best for you, please contact us and we can help you decide.