The AAT Advanced Certificate in Accounting is the second level of the Diploma and consists
of the following four units:

UNIT 5: FINANCIAL ACCOUNTING

Elements contained within this unit are:

ELEMENT 5.1:
Maintaining records relating to capital acquisition and disposal

ELEMENT 5.2:
Collecting and collating information for the preparation of final accounts

ELEMENT 5.3:
Preparing the final accounts of sole traders

* Unit 5 and 6 are assessed through a formal examination process whilst units 15 & 32
are assessed through a skills assessment.

UNIT  6: RECORDING AND ANALYSING COST AND REVENUE

Elements contained within this unit are:

ELEMENT 6.1:
Record and analyse information relating to direct costs and revenues
ELEMENT 6.2:
Record and analyse information relating to the allocation, apportionment
and absorption of overhead costs.

ELEMENT 6.3:
Prepare and evaluate estimates of costs and revenues

Elements contained within this unit are:

ELEMENT 15.1:
Monitor and control cash receipts and payments

ELEMENT 15.2:
Manage cash balances

ELEMENT 15.3:
Grant credit

ELEMENT 15.4:
Monitor and control the collection of debts

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Elements contained within this unit are:

ELEMENT 32.1:
Apply general principles and procedures for ethical compliance expected within
the accounting sector

ELEMENT 32.2:
Develop and maintain ethical procedures necessary in employer/employee situations

ELEMENT 32.3:
Develop and maintain ethical procedures necessary in self employment