Vision Logo 2

Management Accounting - Budgeting AAT - Level 4

Management Accounting - Budgeting AAT - Level 4


This unit is about the use of budgeting for planning, co-ordinating and authorising the activities of an organisation, and for controlling costs. The unit provides skills and knowledge to improve the performance of an organisation by setting targets, constructing achievable plans and monitoring results.

Students will develop a range of skills within the context of planning and control. These include management accounting, statistical analysis, written communication and variance analysis. The application of standard costing, and its links to budgeting, is also included, although the topic is covered in detail in the Management Accounting – Decision and Control unit.

Students will also develop their business awareness. In particular, they will gain elementary understanding of production planning (efficiency, adjusting for changing inventory levels, material control, staff planning, plant scheduling) and aspects of marketing (competition, promotion, product life-cycle and so on). In this context, performance measures are used to set targets and monitor performance. These are not high-level financial indicators, such as return on net assets as learned in other units, but detailed measures relevant to specific budgets. As an example, average hourly labour rate would be relevant to the control of a direct labour cost budget. 

Get Xero Certified

We are proud to offer the Xero Advisor Certification Equivalency Course as part of all our AAT courses.

Xero logo

Start dates and fees

Start DateDay/TimeWksDurationCodeAnnual Fee (Age)Actions
16-18over 19
18:00 - 21:00
101 yr(s)2323E101FREE£495.00Apply


Study programmes

It is an entry requirement for some courses to have gained GCSEs A*-C in English and maths (see entry requirements). If the entry requirements to a course do not require A*-C in these subjects, and you haven’t already gained GCSEs A*-C in English and maths before joining us, you will continue to study English and maths as part of your programme and take appropriate qualifications in these subjects with the aim of achieving A* to C grade. In addition, to help you gain essential skills for employment, every student aged under 19 and studying a full-time course at college will take part in our study programmes alongside their main subject qualification. Find out more.

How do I apply?

Apply online


Next steps

Attend an open evening

View our upcoming open evenings

Call our enquiries line free on

0808 100 3626
Bus service Financial support How to apply Course guides

Why choose West Notts?

The word 100% written in a circle

100% A Level pass rate in 2020

An icon of a reward rosette in a circle

Best A Level provider in Mansfield and Ashfield for student progress*

An icon of a tick and checkbox in a circle

One of the top colleges in the UK for student satisfaction**

An icon of a bus in a circle

An extensive bus service across Mansfield and the surrounding area

An icon of a building in a circle

£50m investment in our facilities since 2008

*Value added is a measure of a student’s progress against their starting point
**Learner Exit Survey 2017/18
2020 Appeals Process | Policies and statements | Freedom of Information | Accessibility Statement | Modern Slavery Statement | Privacy Notices
© West Nottinghamshire College