The launch of the new AAT new syllabus 2022 (Q2022), replaces the existing AQ2016. AAT is preparing for a regular syllabus change to take effect in September 2022, moving from AQ2016 to AQ2022'.
Key Takeaways
Introduction: The Association of Accounting Technicians (AAT) provides industry-recognized accounting qualifications that equip learners with practical and theoretical skills. The AAT Accounting Syllabus 2020 offers a comprehensive course structure that covers key accounting principles and practices.
Foundation Certificate in Accounting
- Overview: Introduces learners to basic accounting principles, including double-entry bookkeeping, and prepares them for more advanced topics.
- Key Modules: Bookkeeping Transactions, Bookkeeping Controls, Elements of Costing, Using Accounting Software
Advanced Diploma in Accounting
- Overview: Builds on the Foundation Certificate by exploring more advanced accounting practices, such as drafting financial statements, management accounting, and ethical rules.
- Key Modules: Advanced Bookkeeping, Final Accounts Preparation, Management Accounting: Costing, Indirect Taxation
Professional Diploma in Accounting
- Overview: The highest level of AAT qualification, which covers advanced accounting principles and practices, including complex financial management, financial statements analysis, and business strategy.
- Key Modules: Financial Statements of Limited Companies, Management Accounting: Budgeting, Financial Performance, Internal Controls, and Accounting Systems
Conclusion: The AAT Accounting Syllabus 2020 provides a comprehensive curriculum covering all accounting principles and practices. Completing this course will equip learners with the necessary knowledge and skills to excel in accounting and finance.
The Association Of Accounting Technicians, UK's Leading Professional Body Offering AAT New Syllabus 2022 Skill-Based Qualification:
If you're starting your accountancy career or want to develop your skills, an AAT new syllabus 2022 will help you reach your goals. If you consider studying AAT AQ2022, you will probably have lots of questions before you decide to learn AAT courses. So we put together all your issues in a guide to know everything you need to know about studying for AAT in 2020.
Which AAT AQ2022 Courses Modules Can I Study?
AAT new syllabus 2022 offers many courses in accounting and bookkeeping across three levels. Foundation (Level 2), Advanced (Level 3) and Professional Diploma (Level 4). The route you will study depends on your current accountancy knowledge and skills.
Breakdown of AAT New Syllabus 2022:
AAT Foundation Certificate
AAT Level 2 qualification introduces you to accounting practices, including basic accounting knowledge such as bookkeeping, double-entry, and costing.
Advanced Diploma in Accounting
AAT new syllabus 2022 introduces Level 3 qualification which is best suited to those who have completed the Foundation Certificate (Level 2), have some practical experience in accountancy, and have a strong understanding of bookkeeping and the double-entry system.
Will AAT new syllabus 2022 Boost My Career Progress?
In AQ2022 you will study 6 units covering sophisticated accounting practices, including advanced bookkeeping, final accounts, and ethics for accountants, and sit five exams at the AAT-approved exam centre. Upon completing the course, you will be a fully qualified bookkeeper and apply for an AAT bookkeeping membership.
Highest AAT Level Qualification AQ2022:
Professional Diploma in Accounting
AAT new syllabus 2022 introduces Level 4 qualification which is the Highest Level of AAT. Only a few people choose AAT studies as you need to be more comfortable and knowledgeable with everything covered in the Foundation Certificate and the Advanced Diploma.
Which Courses Take The Senior Accounting Roles Or Fast-Tracking Qualification To Become Chartered Accountant After AAT?
You will study 4 core units, including management accounting and financial statements, and then choose two voluntary groups from the selection, including credit management and business tax. Once completed, all the units you will assess via exams must be sitting at AAT-approved exam centres.
After finishing your course, you'll automatically become an affiliate member of AAT. You can apply for a full AAT membership (MAAT) or AAT Fellowship (FMAAT) once you build the required work experience.
AAT Foundation Certificate & Advanced Certificate In Bookkeeping AQ2022
AAT also offers two bookkeeping qualifications if you want to develop a particular skill in bookkeeping.
Still Unsure About Which AAT Course Is Right For You, Why Not Try The AAT Skill Check Test
It's an online multiple-choice test that only takes about 30 minutes to complete and gives your results instantly.
Can I Study AAT New Syllabus 2022 at Any Age?
If your age is 19 or over, you can review our AAT qualification, but there's no age limit; it's never too late to make the change if you dream of a career in accounting and finance.
Get To Know About AAT AQ2022 Exams?
At each Level of AAT, you will have to sit several computer-based exams in the units and synoptic assessments.
Units assessment: Test what you learned in that specific unit. They are mostly multiple-choice questions but sometimes require written answers.
Synoptic Assessment: Test what you learned across several of the groups. You must complete all the individual units before you sit your synoptic exam.
AAT Syllabus
AAT new syllabus 2022 is given below in detail;
Level 2 Foundation Certificate In Accounting Exams:
Foundation Certificate based on 4 unit assessments and one synoptic.
Unit assessments:
- Introduction to Bookkeeping (ITBK)
- Principles of Bookkeeping Control (POBC)
- Principle of Costing (PCTN)
- Business Environment (BESY)
Level 3 Advanced Diploma In Accounting Exams
The Advanced Diploma consists of 4 unit assessments and synoptic
Unit assessments:
- Financial Accounting: Preparation of Financial Statements (FAPS)
- Management Accounting Techniques (MATS)
- Business Tax Process (TPFB)
- Business Awareness (BUAW)
Level 4 AAT Professional Diploma In Accounting Exams
The Professional Diploma has three mandatory unit assessments, 2 unit assessments for elective units and synoptic.
Mandatory unit assessments:
- Applied Management Accounting (AMAC)
- Drafting and Interpreting Financial Statements (DAIF)
- Internal Accounting Systems and Controls (INAC)
Units for elective choices:
- Business Tax
- Personal Tax
- Audit and Assurance
- Cash and Financial Management
- Credit and Debit Management
When And Where I Can Sit for My AAT Exams?
You will sit your AAT exams at an AAT-approved exam centre. You will take a unit assessment once you've finished studying each unit; at the end of your qualification, when you feel prepared, you will sit for your synoptic exam.
For each level of the AAT synoptic exam, you can sit your exams at specific times of the year, known as 'synoptic windows'; you can find the timetable for synoptic review 2020 here.
Cost for AAT exams
For AAT new syllabus 2022 exams, you have to pay between £90 and £100 for each AAT exam, depending on which qualification you are studying. AAT exam fee is an additional cost on top of your course fee; some course providers may include them in your course fee, so be sure to check this when you enrol.
AAT grade boundaries
Your final result is to be graded as Pass, Merit and Distinction. The AAT grade boundaries are:
- Pass: 70 - 79%
- Merit: 80 - 89%
- Distinction: 90 - 100%
- Fail: Below 70%
Can I Re-Sit My AAT AQ2022 Assessments?
Yes, you are entitled to re-sit the assessment you failed. However, in AAT new syllabus 2022 some restrictions apply to re-sit your exam that you can take per year. If you are between 16 to 19 and are not an apprentice, live in England and Wales, you'll only have two attempts to pass each Foundation and Advanced Level assessment.
Can I become a member of AAT?
Once you complete the Professional Diploma, you will automatically become an affiliate member of AAT and apply for full AAT (MAAT) membership. Your next step is to progress your membership to fellow membership (FMAAT), the Highest Level of the group. AAT offers you and allows you to upgrade the designatory letters to FMAAT. You are eligible to apply for fellow membership when you have been a full member for five years or more.
What jobs can I do after completing AAT?
Studying AAT AQ2022 qualification will help you to begin or accelerate your accountancy career. Each Level of AAT prepares you for the next stage of development. Here is a quick guide that each level can take you and the jobs you can apply for at each Level of AAT:
Jobs after AAT Foundation Certificate in Accounting
Studying the AAT Foundation Certificate will enable you to begin your finance career and use it for entry-level roles such as:
- Accounts Administrator
- Accounts Assistant
- Accounts Payable Clerk
- Purchase/Sales Ledger Clerk
- Trainee Accounting Technician
- Trainee Finance Assistant
Jobs after AAT Advanced Diploma in Accounting
AAT Advanced diploma prepares you to make the jump to a wide variety of more advanced roles such as:
- Accounts Assistant
- Accounts Payable and Expenses Supervisor
- Accounts Payable Clerk
- Assistant Accountant
- Audit Trainee
- Bookkeeper
- Credit Controller
- Finance Assistant
- Payroll Administrator
- Payroll Supervisor
- Practice Bookkeeper
- Tax Assistant
Jobs after AAT Professional Diploma in Accounting
After studying this course, you can set up your accountancy practice or apply for senior roles such as:
- Senior Finance Officer
- Senior Fund Accountant
- Commercial Analyst
- Cost Accountant
- Fixed Asset Accountant
- Indirect Tax Manager
- Payments and Billing Manager
- Payroll Manager
- Accounts Payable and Expenses Supervisor
- Assistant Financial Accountant
- Senior Bookkeeper
- Senior Insolvency Administrator
- Tax Supervisor
- VAT Accountant
After completing the Professional Diploma, you can fast-track your Chartered Accountancy qualification with the UK Chartered Accountancy bodies, including:
ACCA: Association of Chartered Certified Accountants
CIMA: Chartered Institute of Management Accountants
CIPFA: Chartered Institute of Public and Finance Accountancy
ICAS: Institute of Chartered Accountants of Scotland
ICAEW: Institute of Chartered Accountants in England and Wales
With so many career routes available, AAT is the ideal way to launch your lucrative finance career.
Conclusion
Future Connect Training is the best training provider offering top accounting qualifications. Accounting not only helps an enterprise to run its day-to-day activities smoothly but also helps in its future growth. Moreover, improving your personal, social and IT skills with Future Connect can earn great opportunities in the marketplace and make you competitive for job positions