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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
Join membership to study

Included with Mai Studies membership at no extra cost. Fee waivers are available through scholarships and open access.

AAT Study Support: Level 4 Management Accounting and Financial Statements course artwork

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

Lessons
6
Assessed tasks
6
Practice questions
120
Timed mock papers
2
01

Budgeting and forecasting

Building a budget that people can actually use, and flexing it when volume changes.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. From forecast to operating budget36 min study · 3 learning objectives · practical activity

    Building a budget that people can actually use, and flexing it when volume changes.

  • Assignment: Budgeting and forecasting — marked out of 100, pass at 80%
02

Standard costing and variance analysis

Calculating variances and, more importantly, explaining what caused them.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Variances and the story behind them37 min study · 3 learning objectives · practical activity

    Calculating variances and, more importantly, explaining what caused them.

  • Assignment: Standard costing and variance analysis — marked out of 100, pass at 80%
03

Performance measurement

Choosing indicators that tell the truth about performance.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Measuring what matters, financially and otherwise38 min study · 3 learning objectives · practical activity

    Choosing indicators that tell the truth about performance.

  • Assignment: Performance measurement — marked out of 100, pass at 80%
04

Decision making with relevant costs

Deciding what to make, buy, accept or discontinue, using only the costs that change.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Relevant costing and cost-volume-profit analysis38 min study · 3 learning objectives · practical activity

    Deciding what to make, buy, accept or discontinue, using only the costs that change.

  • Assignment: Decision making with relevant costs — marked out of 100, pass at 80%
05

Financial statements for limited companies

Preparing company accounts and understanding why the format is different.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. From trial balance to company financial statements36 min study · 3 learning objectives · practical activity

    Preparing company accounts and understanding why the format is different.

  • Assignment: Financial statements for limited companies — marked out of 100, pass at 80%
06

Cash management and working capital

Keeping the business solvent while it grows.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Managing the operating cycle38 min study · 3 learning objectives · practical activity

    Keeping the business solvent while it grows.

  • Assignment: Cash management and working capital — marked out of 100, pass at 80%

Timed mock papers

  • AAT Study Support: Level 4 Management Accounting and Financial Statements: timed mock paper 1 — 180 minutes, 50 objective questions plus written and computational tasks
  • AAT Study Support: Level 4 Management Accounting and Financial Statements: timed mock paper 2 — 180 minutes, 50 objective questions plus written and computational tasks

Lesson pages, assessed tasks and mock papers open the moment you join this programme. Teaching material is studied online; the notes you write are yours to download.

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