AAT L3 Financial Accounting: Preparing Financial Statements (2022 syllabus)
Our unique materials are completely up-to-date and mirror the syllabus as set by the Association of Accounting Technicians (AAT).
Tried and tested, and written by our very own course specialists.
You will gain the skills to produce statements of profit or loss, statements of financial position for sole traders, and partnerships using a trial balance. In your job, you may be required to prepare the final accounts and this unit will give you the theoretical knowledge needed to do this.
It will also allow you to understand how final accounts are produced, either manually or by using accounting software.
- 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
As this is a self-study option, there are no prerequisites. However, we would assume that you have either completed Level 2 previously, or have sufficient knowledge to embark upon this level of study.
Basic numerical skills and a good understanding of the English language is also an advantage.
Training Link focuses on only three subjects: Accounting, Bookkeeping, and Payroll.
This keeps us focused on delivering the best student experience. And that’s why over the last 27 years we’ve won over 20 awards – from AAT’S Best New Training Provider in 2018 to ICB’s Large Training Provider of the Year for ten years in a row.
Training Link has written and created all of the study material in our standard and premium course packages.
And because we control this material, we can improve it based on student feedback and results. This is what helps Training Link students achieve fantastic pass rates.
- Printed workbook containing lessons, examples, activities and mock exam
- Activities and Mock exams Answer Book
- Materials available online
- 24/7 access to our online portal
- Online Assessments
- Additional Online Resources
AAT was established in 1980 and is the world’s leading professional body for accounting technicians with over 130,000 members.
AAT’s qualifications are internationally-recognised, OfQual regulated, and the syllabus has been developed after feedback from businesses so students develop real-world skills which improve their employability. They award 80% of all vocational qualifications in accounting.
Organisations such as Sainsbury’s, P&G, Morgan Stanley, the Ministry of Defence and many more continue to hire AAT qualified members for their knowledge, skills, and diligence.
Studying for an AAT qualification is a much more cost-effective option for school-leavers. It offers the promise of a career in a well-respected profession and doesn’t lead to the eye-watering levels of debt associated with a typical university education.
80% of AAT members that have completed an AAT accounting qualification agree that it has increased their earning potential.*
* – source – AAT’s salary survey 2021
If you choose to sit the exam at the end of this unit, you would be required to have registered as a student with the AAT first. You would then contact your nearest testing centre to book your exam.
To find your nearest venue go to https://www.aat.org.uk/assessment/assessment-venue/search
Tutor support is often overlooked, and whilst it might not be needed at all times, isn’t it good to know that if push comes to shove, you have access to tutor support – Even on a self-study option?
Purchase tutor support when you need it – For one month…or longer, the choice is entirely yours!
You don’t need to decide now. See how you get on, and if you decide that a little support is needed, simply come back here and click the following link…
Study Manual Price