Budgeting and forecasting
Building a budget that people can actually use, and flexing it when volume changes.
Included with membership
Mai Studies Original · Accounting & Finance
AAT Study Support: Level 4 Management Accounting and Financial Statements
A Mai Studies study-support programme for learners working towards AAT Level 4 assessments. Each module contains original notes, worked calculations, 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 Advanced
Included with Mai Studies membership at no extra cost. Fee waivers are available through scholarships and open access.
What you will achieve
- Build and flex an operating budget
- Calculate and interpret cost and sales variances
- Measure performance with relevant financial and non-financial indicators
- Use relevant costing and cost-volume-profit analysis in decisions
- Prepare limited company financial statements from a trial balance
- Manage cash and working capital across the operating cycle
Entry guidance
- — Solid grasp of final accounts and costing
- — Level 3 study or equivalent workplace 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
Standard costing and variance analysis
Calculating variances and, more importantly, explaining what caused them.
Performance measurement
Choosing indicators that tell the truth about performance.
Decision making with relevant costs
Deciding what to make, buy, accept or discontinue, using only the costs that change.
Financial statements for limited companies
Preparing company accounts and understanding why the format is different.
Cash management and working capital
Keeping the business solvent while it grows.