Non-current assets and the asset register
Recognising, depreciating and disposing of assets, and keeping the register that proves them.
Included with membership
Mai Studies Original · Accounting & Finance
AAT Study Support: Level 3 Advanced Bookkeeping and Final Accounts
A Mai Studies study-support programme for learners working towards AAT Level 3 assessments. Each module contains original notes, worked adjustments, a classroom transcript, a practical activity with a worked solution, mock questions with explanations and a marked assignment. Mai Studies is an independent provider and is not AAT or an AAT Approved Training Provider. You register with AAT and sit the assessment at an AAT approved assessment venue.
10 weeks 60 guided hours Intermediate
Included with Mai Studies membership at no extra cost. Fee waivers are available through scholarships and open access.
What you will achieve
- Account for non-current assets, depreciation and disposals
- Apply accruals and prepayments at the year end
- Complete an extended trial balance and correct errors
- Prepare final accounts for a sole trader
- Prepare partnership accounts including appropriation
- Apply professional ethics to everyday bookkeeping decisions
Entry guidance
- — Confident with double entry and control accounts
- — Level 2 bookkeeping knowledge or equivalent experience
- — Around six study hours each week
Original Mai Studies learning material. This is a professional completion programme, not a regulated qualification or university accreditation.
Programme syllabus
6 applied modules
4h
Accruals, prepayments and the extended trial balance
Matching income and expense to the right period and carrying the adjustments through the ETB.
Final accounts for sole traders
Turning an adjusted trial balance into a statement of profit or loss and a statement of financial position.
Partnership accounts
Accounting for more than one owner, including appropriation, current accounts and changes in the partnership.
Errors, suspense accounts and corrections
Finding what went wrong, correcting it by journal, and understanding the effect on profit.
Ethics and professional behaviour
Applying the fundamental principles when the pressure is real.