Take 10 Minutes to Get Started With AAT or ACCA
Accounting is all about statistics and handles financial statement analysis, audits, making financial statements, and tax issues. So if you are good at working and handling numbers, becoming a Certified Public Accountant can be a great career choice.
Both ACCA and AAT are recognised by managers worldwide, and it can be hard to decide which accounting course is right for you, AAT or ACCA. However, the two qualification pathways are different in many ways and suit, unlike different kinds of people. So, what suits you, AAT or ACCA? Your prior qualifications and experience often decide the courses accessible to all of you. If you start a bookkeeping career, you might go for AAT to begin at the next level.
Table of Contents
- AAT or ACCA? – Which is better for you?
- AAT Course and Careers
- AAT Accounting Qualifications
- AAT Bookkeeping Qualifications
- AAT Business Skills Qualification
- AAT Essentials
- ACCA Course and Careers
- ACCA Knowledge Level
- ACCA Skills Level
- ACCA Essentials Level
AAT lets you take your first steps into bookkeeping. The level 2 certification in accounting will arm you with simple accounting skills and knowledge, from costing, double-entry bookkeeping, and computerised accounting.
ACCA is aimed at those with some earlier qualifications. To start the practical knowledge level, you will have to achieve at least two levels and three GCSEs.
When deciding which accounting qualification to train, it is important to know the applicant's current position. It all depends on the current academic status of the separate and their eventual goal. Both educations are valuable to your future career path. AAT training is an entry-level qualification that was set up to inspire students in learning to account.
AAT or ACCA? - Which is better for you?
To understand this, one should have knowledge regarding the course content of AAT and ACCA.
This is explained below:
AAT Course and Careers
The Association of Accounting Technicians is one of the trusted bookkeeping bodies in the UK. AAT qualification aims to train students with the necessary skills and understanding to assume the role of an auditor/accountant within any organisation.
AAT is covered with three accounting qualification levels: foundation certification, professional diploma and advanced diploma. It also comprises short courses which teach students accounting skills.
After a brief overview of “AAT meaning” take a look at the syllabus. AAT provides a variety of courses, which include:
AAT Accounting Qualifications:
- Foundation Certificate in Accounting -Level 2
- Foundation Diploma in Accounting and Business -Level 2
- Advanced Diploma in Accounting -Level 3
- Professional Diploma in Accounting Level 4
AAT Bookkeeping Qualifications:
- Access Award in Bookkeeping -Level 1
- Access Award in Accounting Software -Level 1
- Foundation Certificate in Bookkeeping -Level 2
- Foundation Award in Accounting Software -Level 2
- Advanced Certificate in Bookkeeping -Level 3
AAT Business Skills Qualification:
- Access Award in Business Skills -Level 1
- Finance for non-financial managers
- Current budgeting and cost control
- Financial recording update
- Creating a sense of financial documents
- Management reporting for modern-day finance;
- Strategic management bookkeeping
- Managing cash flow - keeping your business healthy
- Tax update
Some of the careers associated after completing this qualification are:
- Assistant Auditor
- Commercial Analyst
- Cost Accountant
- Payroll Manager
- Indirect Tax Manager
- Professional Accounting Technician
- Senior Bookkeeper
- Assistant Financial Accountant
- Senior Fund Accountant
- Senior Insolvency Administrator
- Accounts Payable and Expenses Supervisor
ACCA Course and Careers
After AAT, take the next step with ACCA!
The Association of Chartered Certified Accountants, abbreviated as ACCA is a body of qualified accountants. It is the best international accounting organisation in the world.
The ACCA course is accepted, with over 200 thousand members and 500 thousand students across the world. You can get the ACCA qualification by passing a set of exams.
This qualification is highly required in fields like consulting, banking, finance, management, and accounting. Upon completion of level 3, you can look to change from AAT level 3 to ACCA.
The ACCA exams consist of:
- Applied knowledge with accounting techniques.
- Practical skills develop strong, extensive and practical finance required of a future tactical professional accountant in any zone or industry.
- Strategic expert in developing strategic thinking.
If you’re AAT capable and looking to become a chartered certified bookkeeper, then look no more than the ACCA training. The ACCA qualification prepares students to become qualified accounting specialists with a broad understanding of current accounting practices, tools and techniques.
ACCA qualified specialists are recognised globally, making it easier to get jobs with top accounting firms and other organisations.
The ACCA exam consists of 14 papers. Each one is categorised into four groups and three levels. Students of ACCA course will study the following modules:
ACCA Knowledge Level
It is the introductory level for ACCA training, which is like in academic standing to AAT level 4. Three papers present the core elements of accounting and lay out the basic understanding needed for further study at higher levels. This exam may be taken on the student’s choice.
ACCA Skills Level
It is continued at a basic level. It comprises six papers that cover the core topics essential of a professional accountant, including accounting, tax, audit, law and financial bookkeeping. These are taken at one of four meetings spread throughout the year, and it is ordinary for a student to take a paper.
ACCA Knowledge Level
It is the step towards a professional level containing two papers and covers the core subjects of policy and corporate reporting. At this level, the type of exam needs more depth of answer comprising analysis and evaluation.Again, this exam is taken at one of four sessions a year.
After completing the ACCA qualification, there are huge chances to get a better and senior position in top firms. So, if you want to work for an organisation, there are numerous ACCA jobs to choose from too.
- Financial Accountant
- Corporate treasurer
- Management accountant
- Assistant accountant
- Finance manager
- Financial controller
- Tax specialist
- Forensic accountant
- Chief financial officer -CFO
After analysing "AAT or ACCA?", we conclude that professional certification is valuable for getting a professional job. Enjoy your studies, either AAT or ACCA.