Which accounting course is best in the UK?

Table of Contents
  1. Introduction
  2. Accounting Courses For Beginners
  3. AAT
  4. Foundation Certificate (Level 2)
  5. Advanced Diploma (Level 3)
  6. Professional Diploma (Level 4)
  7. Theoretical Training
  8. Practical Training
  9. Bookkeeping & Vat Return
  10. Bookkeeping & Payroll
  11. Account Assistant
  12. Management Accounting
  13. Final Accounts

Which accounting course is best in the UK?

Introduction

Accounting is the process or work of recording financial transactions related to a business. It includes summarizing, analysing and reporting these transactions to oversight agencies and tax collection entities. Often termed as the "language of business" , it comprises 4 phases. Involving recording, classifying, summarizing, and interpretation of financial information arising from business transactions & events. Preparing Profit & Loss Statement is an example of accounting. The principles or practice of systematically recording, presenting, and interpreting financial accounts.

Accountancy offers a graduate environment, variety, people contact, a professional qualification, high salaries and opportunities to work internationally. Accountants work in all business areas and the public and voluntary sectors, for employers such as banks, manufacturing companies, local authorities, charities, publishers, film companies, hospital trusts, insurance companies, and universities. Many accountants work in chartered or certified accountants or use their qualifications to move into general management or set up their own business.

Accountants in industry and commerce use their financial expertise to inform management decision-making, to advise other departments within their organization and maximize profitability and effectiveness. These expertise they will get over a period of time , additionally , these can be developed by attending some accountancy training courses, these accountancy courses actually speed up individuals to get necessary skills for the accountancy sector . In the public sector, they perform their role but emphasize ensuring value for money. Some accountants specialize in particular areas after qualifying – such as audit, insolvency, tax, or forensic accounting; with so many opportunities, people would like to choose accounting as their profession to excel in accounting. One should have accounting knowledge and experience for related jobs. Many accounting courses will help students to get the required expertise and knowledge for jobs.

In addition to paving the way to further training as a professional (chartered) accountant, these accountancy courses develop transferable skills that are valued highly by employers in all sectors, including:

  • Critical thinking
  • Problem-solving
  • Attention to detail analyzing
  • Organizing and planning
  • IT skills and the ability to analyze and present data
  • The ability to explain complex ideas to others

If you're a complete newbie to accountancy, different accounting Courses will help you to step up in the accounting industry; qualifications from the Association of Accounting Technicians (AAT) are an ideal first step. They're globally recognized, highly practical, and teach you the real-world skills you need to excel in finance.

Accounting Courses For Beginners

There are many accountancy courses that will help individuals to get into the accounting sector, here are details of some accountancy courses theoretical studies and practical studies that will help individuals to get into the accountancy sector.

AAT

Based on your current level of knowledge and experience, you'll have three accountancy qualifications to choose from, including:

  • Foundation Certificate (Level 2)
  • Advanced Diploma (Level 3)
  • Professional Diploma (Level 4)

Foundation Certificate (Level 2)

In studying this Foundation Certificate, you will understand how to record financial affairs and ways to work more efficiently and accurately. Once you achieve the AAT Foundation Certificate in Bookkeeping Level 2, you should aim to apply for Trainee Accountant, Bookkeeper, or Junior Accountant roles with salaries ranging from £20,000 - £27,000 per year.

Advanced Diploma (Level 3)

This course is perfect for those experienced bookkeepers who are looking forward to moving further in their careers. If you aim to become a Senior Bookkeeper or Ledger Manager, this recognized AAT Level 3 Certificate will help individuals to take the next step. Once you achieve the AAT Advanced Certificate in Bookkeeping Level 3, you can apply for Accounts Clerk, Account Manager, or Bookkeeper roles. With salaries ranging from £20,000 - £29,000 per year.

Professional Diploma (Level 4)

This certification offers the most advanced level qualification provided by the AAT. Throughout the course, you'll learn about more complex accounting theories. Learning to expertly Prepare financial statements for limited companies and recommending strategies around accounting systems.

You can choose two of five subjects to specialize in:

  • Business Tax
  • Personal Tax
  • External Auditing
  • Cash and Treasury Management
  • Credit Management


Theoretical Training

Theoretical Training is what the knowledge is about and the practical learning is how the knowledge was learned. In today's modern-day education or training programs, focus on quick and effective learning.

Practical Training

Getting into accountancy only theoretical knowledge will limit our scope to get into jobs, practical application of previously learned theory is important . The purpose of practical training is to help students develop skills and abilities that support professional studies like AAT and prepare them for work later on. Employers also benefit as the students bring the latest know-how from each respective field of learning with them.

Practical Courses to learn

  • Bookkeeping & Vat return
  • Bookkeeping & Payroll
  • Account Assistant
  • Management Accounting
  • Final Accounts
  • Customized Accountancy

Bookkeeping & Vat Return

Employers hold financial skills in high esteem as they are the backbone of all businesses, and bookkeeping qualifications are in high demand. And We know that sole traders, freelancers and business owners often have a limited budget to afford a full record of accountancy support, and they tend to do much of the bookkeeping themselves by using Cloud Accounting Systems. As a bookkeeper one should be familiar with basic bookkeeping software , that will help to get into an accounting career. A bookkeeping accounting course enables you to get necessary skills to work following jobs and get familiar with MTD rules . a Bookkeeper/credit Controller, where Start! Salary - £26,000 pa . more opportunities will be there to work as a credit controller, sale and purchase ledger clerk And tax assistant.

Opportunities

  • Bookkeeper/Accountant
  • Junior Bookkeeper
  • Credit Controller
  • Trainee Accounts Technician
  • Tax Assistant
  • Senior bookkeeper

Bookkeeping & Payroll

Payroll is the process of pay management involving employee wages and tax obligations to HMRC for the business and employees. As an internal process, it is an important aspect of any business and is likely to be the largest expense whilst also coinciding with being time-consuming. And Every time we process our employees payments, use our payroll software to Record their salaries - including their salary or wages and any other remuneration. Calculate deductions for their pay, like tax and National. This accounting training course is helpful as this will provide an opportunity to learn about Payroll aspects of RTI, EPS, FPS and performing tasks as a payroll manager.

Opportunities

  • Payroll Administrator
  • Payroll Coordinator
  • Payroll& Benefits Analyst
  • Payroll Manager
  • Payroll Assistant
  • Payroll Accounts Clerk
  • Payroll Business Analyst
  • Payroll Officer

Account Assistant

An accounts assistant or an accounts clerk provides administrative and bookkeeping support for a finance team. Their main duties include sending and paying invoices, chasing late payments and reconciling company accounts. This accounting course will help individuals achieve skills required to perform at a higher level; with Software knowledge and implementation of theoretical knowledge, this course is well designed to support the progression in the accounting sector.

Accounts Assistant duties and responsibilities

The duties of Accounts Assistants are different depending on factors like industry and the size of a company. Most Accounts Assistants are also responsible for a wide range of accounting tasks. In contrast, those who work for well organised firms will focus specifically on certain areas, such as credit control or payroll . In general, their daily activities include:

  • Taking care of management and operational tasks, such as filing ,correspondence, and printing
  • Scheduling client appointments and managing important departmental deadlines
  • Maintaining accurate and detailed customer records and creating new customer accounts
  • Building a good rapport with clients and providing an accounting team with relevant information
  • Completing daily and monthly bank reconciliations
  • Collecting monthly direct debits and making payments
  • Preparing and entering journals into the system
  • Supporting the preparation of monthly management accounts and month-end duties

Opportunities

  • Account Assistant
  • Credit Control Account Assistant
  • Account Assistance/ Purchase Ledger Clerk
  • Tax Assist Accountant
  • Administration Assistant

Management Accounting

Management Accounting is the combination of Management and Accounting. The important factors the success of business is controls on Accounts and Management efficiency. These controls on accounts and management are completely merged in management accounting through the harnessing of accounting for improving the efficiency of management. And functions of Management accounting are Planning , Controlling and Coordinating. This course is well developed for individuals who want to focus on management aspects of business and want to perform their role operational aspects.

Duties of Management Accountant

Following are duties of a Management Accountant:

  • To have an appropriate level of professional competence at all levels.
  • Flow of information fairly and objectively.
  • Refrain from disclosing information that is confidential.
  • Monitor subordinate's activities to assure the maintenance of confidentiality.

Opportunities

  • Management Accountant
  • Interim Head of Management Accounts>
  • Head of Management Accounts
  • Flexibility Market Economics Manager
  • Finance Business Partner

Final Accounts

Companies invest into a business with the idea of making profit, which is the reward of this effort. Final accounts will summarize all the accounting information recorded including sales, purchases in the original books of entry and the ledger consisting of hundreds of thousands of pages. This is a rather advanced level course that enables individuals to prepare and calculate corporation taxes for different companies.

The final accounts or financial statements consist of preparing financial statements and profit and loss accounts. This training course will enable individuals to calculate taxation for the companies.

Opportunities

  • Tax Assist
  • Accountant
  • Account Manager
  • Interim Accountant
  • Market Area Accountant
  • Control Accountant
  • Logistics Accountant