AAT – Drafting and Interpreting Financial Statements

Equips students with the expertise to prepare financial statements for single limited companies and consolidated statements for corporate groups.


This course equips students with the expertise to prepare financial statements for single limited companies and consolidated statements for corporate groups. It focuses on developing a proficient understanding of international accounting standards, which students will apply in drafting these financial statements. Additionally, students will gain a solid grasp of the regulatory and conceptual frameworks that support the preparation of these documents.

Upon completing this course, students will be capable of independently drafting financial statements for single limited companies and corporate groups. They will also learn to use tools and techniques for analyzing and interpreting these financial statements through ratio analysis. This skill will aid external user groups in decision-making and allow students to contribute effectively within an accounting team.

Learning Outcomes:
On successful completion of this subject, you should be able to:
  1. Understand the reporting frameworks that underpin financial reporting
  2. Draft statutory financial statements for limited companies
  3. Draft consolidated financial statements
  4. Interpret financial statements using ratio analysis

Registration and Access

Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.

If you wish to receive an invoice instead of paying online, please contact us at info@eimf.eu. Access to the course is valid for 365 days.



Upon the successful completion of the subject Drafting and Interpreting Financial Statements, you can advance to the next subject of the AAT Diploma in Professional Accounting Level or If you have already completed other subjects, you can proceed to apply for your full AAT membership.

  • The regulatory framework that underpins financial reporting
  • The International Accounting Standards Board (IASB) Conceptual Framework
  • The effect of international accounting standards on the preparation of financial statements
  • Draft statements of profit or loss and other comprehensive income
  • Draft statements of financial position
  • Draft statements of changes in equity
  • Draft statements of cash flow
  • Draft consolidated statements of profit or loss for a parent company with one partly owned subsidiary
  • Draft consolidated statements of financial position for a parent company with one partly owned subsidiary
  • Calculate ratios relating to profitability, liquidity, efficient use of resources and financial position
  • Interpret and analyse ratios
  • Present ratio analysis
  • Study planner and guidance
  • Access to AccountingWise Learn
  • Comprehensive pre-recorded lectures
  • Extensive question practice (including mock exams and feedback)
  • Tutor support via phone or email

The AAT qualification is ideal for people who want a career in finance and business.

  • Format: Computer-based assessment
  • Availability: On Demand
  • Pass: A score of 70%
  • Length: 2 hours and 30 minutes
  • Please Note: Official Exam is not provided; it should be purchased separately.

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