One of the most popular accounting certifications is the AAT. However, determining which level to begin at might be difficult for those new to the certification. The AAT consists of three levels: Foundation, Advanced, and Professional, as well as the AAT Bookkeeping Qualifications, which you may take independently. To begin learning AAT, you don’t need any prior certifications or accounting experience. Anyone can start the qualification, from high school graduates to job changers.
Qualifications in AAT Bookkeeping
Foundation Certificate in Accounting, Foundation Award in Accounting Software, and Advanced Certificate in Bookkeeping are the three bookkeeping certifications available.. If you pass all three certifications, you will be an AAT Professional Bookkeeper. If you want to begin AAT at the Advanced Diploma level, you need first take a bookkeeping course, as you’ll need to know how to conduct Double Entry Bookkeeping.
AAT level 2 Foundation Certificate
The Foundation Certificate AAT level 2 covers accounting fundamentals and is a good place to start if you’ve never studied the subject previously. You’ll learn basic accounting principles, including double-entry bookkeeping, costing, and financial statement preparation, as well as how to utilise accounting software. To begin at Foundation, you do not need any prior experience, but you will require solid arithmetic, IT, and English abilities. This level takes the average individual six months to a year to finish.
AAT Level 3 Advanced Diploma
The information obtained at the Foundation Certificate level is expanded upon in the Advanced Diploma. You may be allowed to begin at this level if you work in accounting or have previously studied accountancy. To start at the Advanced level, you must complete the AAT Foundation exam (Level 2). If you’ve worked in an intermediate accounting capacity or have applicable A Levels, you may be qualified for relevant exemptions.
If you wish to start at Advanced Level, it’s assumed that you know a lot about Double Entry Bookkeeping; thus, getting an AAT Bookkeeping certificate is a smart option.
At the Advanced Level, you’ll study advanced accounting techniques and master a variety of accounting disciplines, such as financial processes, advanced bookkeeping, final accounts, and accountant ethics. AAT level 3 average person takes six months to a year to complete this level.
AAT level 4 Professional Diploma
The last level teaches you more advanced accounting theory and specialises in two areas. To begin at AAT level 4, you must have completed the AAT Level 3 Advanced Diploma. Budgeting, managerial accounting, financial statement preparation, accounting systems, and tax are all covered at the Professional level AAT level 4.
The Professional Diploma consists of four mandatory subjects/assessments, plus two optional topics.
- Limited Company Financial Statements
- Budgeting-management accounting.
- Decision and Control- Management Accounting
- Synoptic evaluation by a professional
- Taxes on businesses
- Personal Income Tax
- Auditing from the outside
- Treasury and Cash Management
- Management of Credit
Is the AAT course worth it?
Naturally, you’re the only person who can say whether AAT is a better option than a university diploma. There are various compelling reasons to enrol in the AAT course, or a related degree may allow you to advance your accounting studies faster. You must select the path that is most appropriate for you. If the university is not for you, you should be certain that an AAT certificate will provide you with excellent work opportunities in the future.
Finally, it is always worthwhile to consider where your education will lead you. Many degree programmes may sound appealing, but employment opportunities may be limited. Professional accounting degrees, such as the AAT courses, are unique. They are created with employer involvement, ensuring that the information and skills you gain are academically solid and useful in the industry.
When considering potential occupations, you may automatically exclude accountancy due to a preconceived notion of what the work entails. Accountancy is often thought of as only figure crunching and a dull existence behind a desk, yet it might be your ticket to travel the globe and assist in introducing breakthrough goods.