Aim of the syllabus
Level 4 (Level 8 in Scotland) is the final level and covers higher level accounting tasks, including drafting financial statements, managing budgets and evaluating financial performance. You’ll also have the opportunity to specialise in areas from tax to auditing and credit control.
Level 4 units
There are four mandatory units:
- Financial Statements (FNST)
- Budgeting (BDGT)
- Financial Performance (FNPF)
- Internal Control and Accounting Systems (ISYS)
Choose two from the following five optional units:
- Cash Management (CSHM)
- Credit Control (CRDC)
- Personal Tax (PTAX)
- Business Tax (BTAX)
- External Auditing (EXTA)
Study time required
This will depend on the student, but we tend to recommend roughly six hours of study per week. You should spread your studies for Level 4 over a 12 month period.
There are two types of computer based exams for AAT - Computer Based Tests (CBT) and Computer Based Projects (CBP). For the 6 units that make up Level 4 there are:
Please be advised an assessment fee for the ISYS project is payable later in the course..
Level 4 exam results are only available via your MyAAT account, six weeks after sitting your exam.
Book your CBT online >
You should have already passed AAT Level 3 Diploma or hold a UK degree in accounting.
The Internal Controls and Accounting Systems (ISYS) unit is delivered online and starts on the 15th day of the month that you select. You should ideally select to study this in a month when you are not attending other AAT courses.
Upon successful completion of Level 4 you will be granted AAT affiliate membership.
To become a full AAT member - MAAT status - there are four criteria you need to meet, including the recording of relevant work experience.
Find out more about applying for AAT full membership >