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How to become an AAT certified accountant

How to become an AAT certified accountant

Learn how to become an AAT certified accountant.

Even if you have a bachelor's degree, becoming an accountant isn't easy or quick. It is, however, a tremendously gratifying position that offers possibilities in a variety of businesses. An accountant's typical annual compensation in the United Kingdom is slightly over £30,000, with lots of room for advancement.

With Future Connect's cost-effective training, you may get an AAT or another accounting qualification like ACCA or CIMA. On your terms, take your initial steps into the accounting world.

What is the point of studying AAT qualifications in the first place?

Employers all around the globe value AAT courses because they give a globally recognised accountancy and bookkeeping degree.

As a result, they're a very beneficial certification to have. The (AAT) Association of Accounting Technicians is a professional organisation with approximately 125,000 members worldwide. 

Their respected credentials are designed to provide you with the necessary abilities to launch a successful career in the accounting field, whether you wish to open your firm or enrol in a fast-track programme to become a Chartered Accountant in the future.

As a result, studying can demonstrate to employers and clients that you possess the necessary professional abilities, knowledge, and experience to succeed in your current position.

Employers throughout the globe recognise AAT qualifications, so you may apply for positions without fear of being turned down because you have the "wrong" certification.

What is the structure of AAT qualifications?

The AAT qualifications, unlike many other accountancy credentials, follow a straightforward path. AAT qualifications are divided into three categories: Foundation (Level 2), Advanced (Level 3), and Professional (Level 4).

The AAT Foundation Certificate in Accounting is for people just starting their careers and don't have much (or any) experience or expertise. If you're new to the industry, you'll need to complete this certification before moving on to the next level of AAT study.

AAT level 2 Foundation Certificate

The most critical stage of all is to complete Level 2 AAT. It is since the AAT certificate level will teach you all of the fundamentals of accounting. Furthermore, it will provide a solid basis for your future career in accounting. As a result, you'll be better prepared to succeed in the subsequent stages of the AAT certificate.

In other words, you will struggle with the following levels of the AAT trip if you do not complete level 2 AAT and master the foundations. It is because you will need the information from level 2 to continue your studies.

AAT level 2 consists of five units:

Transactions in bookkeeping

  1. It teaches you how to utilise the double-entry accounting system (debits and credits).
  2. It teaches you how to recognise the many sorts of accounts (expense, income, asset, and liability) and what to do with them.
  3. It is the most difficult unit in the AAT certification, but it is also the most crucial.
  4. This session will get you to begin on your AAT adventure and prepare you for the remainder of the course.

Controls over bookkeeping

  1. It is a process of continuation of what you learned in the accounting transactions class.
  2. This section will show you how to utilise the control accounts, spot mistakes, and write journal entries to repair or amend any errors.

Costing components

  1. Management accounting is built on this foundation.
  2. It is yet another essential item. It will show you how to evaluate inventories, classify expenses, and deal with overhead expenditures. If you can master these approaches, you will be well prepared for the level 3 and level 4 management units.

Synoptic at a fundamental level

  1. It will assist in describing the ins and outs of working in an office setting. It will teach you proper working procedures as well as some professional ethics.
  2. This test is distinct in that it will feature questions from all three modules (bookkeeping transactions, bookkeeping controls and elements of costing). It is a test to see if you remember everything you learned in the previous three units.
  3. A written activity is also included in this test. You'll need to demonstrate your understanding of a subject by writing an explanation.

Making use of accountancy software

  1. This training course will instruct you on the process to utilise accounting software.
  2. You'll learn how to use the programme, appropriately input data, and create reports that display the data in a useful way.
  3. It is a fun unit to do because it's all done with software. It is critical to understand because the majority of firms today use accounting software.

AAT level 3 Advanced diploma

AAT level 3 is excellent in the accounting certification because it is based on what you learned and experienced at level 2 AAT and prepares you for level 4.

Many students are concerned that level 3 will be a significant jump up from level 2 and hence a more difficult level to learn. However, the information you gained from your level 2 AAT qualification will help you get ahead and begin earning your Advanced Diploma in Accountancy.

AAT level 3 consists of six units:

Advanced bookkeeping

  1. From level 2, it improves your bookkeeping expertise.
  2. With expanded trial balances and all the changes, you'll be able to develop your journal and trial balance expertise.
  3. Demonstrates how to handle assets like depreciation and disposals.
  4. It teaches you how to use accruals and prepayments in novel ways.
  5. It is a large unit with a lot of material, but it's a terrific way to begin level 3.

Preparation of final accounts

  1. It's a natural extension of what you learned in advanced bookkeeping.
  2. It explains and demonstrates how partnership accounts work.
  3. Introduces new profit-calculating components such as markup and margin.
  4. It also instructs you on how to compile a final set of financial statements.

Accounting for management costs

  1. You'll expand on what you learned in the level 2 costing unit.
  2. It will teach you several costing methodologies as well as ways for making short- and long-term decisions.
  3. Increases your understanding of the material, labour, and overhead expenses.
  4. Because this is a large subject, give yourself plenty of time to study everything thoroughly.
  5. If you can master these approaches, you will be well prepared for the level 4 management units.

Synoptic at a higher level

  1. Professional ethics and questions from the prior three courses are covered in this unit.
  2. Ethics teaches you how to handle ethical dilemmas in the workplace correctly.
  3. It's a bit wordy, but it's vital to know since you'll need to know how to deal with issues that arise in particular scenarios.
  4. This test is distinct in that it will feature questions from all three modules (advanced bookkeeping, final accounts preparation and management account costing).
  5. As a result, this will assess whether you have retained the information from the previous three units.

Indirect Taxation 

  1. This AAT training course teaches you how to deal with VAT in various situations (both in the UK and in other countries) and submit a VAT report, which is essential knowledge.
  2. You will have access to some reference material in this section that you may use when learning, conducting mock exams, and even in your actual test.
  3. Before your test, please familiarise yourself with the reference material.

Spreadsheets

  1. We recommend that you study each course one at a time, as a computer-based evaluation will follow each unit.
  2. You must complete all six examinations indicated above to receive the full AAT Advanced Diploma in Accounting (level 3) certificate.

AAT level 4 professional diploma:

The AAT level 4 qualification is the highest level of the AAT qualification. You will have earned the full AAT Accounting Technician qualification once you have finished level 4.

Unlike levels 2 and 3, the assessments will contain some written components, requiring you to have a solid comprehension of the various topics taught to explain specific syllabus ideas in your exams convincingly.

AAT level 4 consists of six units, four of which are necessary and optional. To finish the Professional Diploma in Accounting, you must select two of the five optional units (level 4).

The following units are mandatory:

Budgeting -management accounts

  1. It builds on the previous levels' management accounting expertise (elements of costing at level 2 and management accounting: costing at level 3).
  2. It will also broaden your understanding of price.
  3. Teach you how to deal with budgets and comprehend and calculate various variances, ratios, and implications for the organisation.
  4. It is an excellent unit to begin level 4.

Control and decision- management account

  1. Budgeting is built on what you learned in management accounting.
  2. The written questions in this lesson will demand you to demonstrate your understanding of what variances and ratios represent.
  3. You must demonstrate strong short- and long-term decision-making abilities and the ability to acquire essential information using a variety of key performance indicators.
  4. It is a large unit, so don't dismiss it, but the information you'll get from it will be beneficial.

Financial statement

  1. It will show you how to make financial statement modifications in the most basic way possible. 
  2. You'll learn about worldwide accounting standards and how to deal with statements according to particular guidelines.
  3. This section will also show you how to deal with group accounts when corporations purchase a stake in another company.
  4. Allow plenty of time to master everything in this unit at level 4, as it is one of the largest.

Synoptic on a professional level

  1. You will learn about accounting systems and controls in this course.
  2. You will be given information about a corporation and asked to break it down financially. Investigate the present systems, determine what needs improvement, and provide solutions by implementing controls depending on various situations.
  3. It'll take a lot of time and practise to become used to answering these sorts of questions because it's a highly wordy lesson.

Is it more efficient to learn AAT online or in a classroom setting?

In general, learning AAT online is faster than studying in a classroom since it allows you to finish the study at your own pace.

You may usually work at your own pace rather than the pace set by your professor or other students when you study online. When you're seated in front of a computer screen rather than in a real learning setting, you'll typically be free to work on tasks whenever you choose, and you'll feel less pressure as a student.

It allows you to achieve the AAT qualification more quickly than if you were in a classroom.

What are AAT qualified jobs available?

Following are AAT qualified jobs are:

  • Supervisor of Accounts Payable and Expenses
  • Financial Accountant's Assistant
  • Analyst, Commercial
  • Accountant for Fixed Assets
  • Manager of Indirect Taxation
  • Manager of Payments and Billing
  • Manager of Payroll
  • Senior Accountant
  • Officer in Charge of Finance
  • Senior Accountant for a Fund
  • Insolvency Administrator Senior
  • Supervisor of Taxes
  • Accountant for Value Added Tax

Conclusion:

Hundreds of AAT Approved training providers give AAT credentials all around the world. Learners have the option of studying part-time or full-time and learning in a classroom, online, or through a hybrid method, depending on their needs.

Remember that the average times stated are based on how long the majority of Future Connect's online AAT training learners take to finish their course. The majority of students are doing the course part-time while working full-time or caring for family members. If you're in a classroom, the class's pace will determine how long it takes you to finish the course.

FAQs:

Q.1: Is an accountant who is AAT qualified?

A full member of the AAT is a qualified accountant who has shown their abilities via work experience and may use the initials MAAT after their name.

Q.2: Is the AAT a worthwhile qualification?

The AAT Accounting Qualification is a well-known basis for chartered accounting. All UK chartered and certified accountancy organisations will provide you numerous exemptions if you complete the AAT Advanced Diploma in Accounting.

Q.3: Is it possible to acquire a job with AAT Level 2?

Accounts Administrator, Accounts Payable Clerk, and Trainee Accounting Technician are other careers you can get with AAT Level 2 certificate.

Q.4: Is an accounting licence required for bookkeeping?

Bookkeepers are responsible for keeping a company's or organisation's financial records up to date. Although bookkeepers are not required to have a licence, national organisations provide optional certification or licensure.