AAT Accounting And Finance Qualifications

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AAT accounting and finance qualifications

AAT offers world-class accountingand finance qualifications. We leadthe way in the development of practical,real-world skills for use at all levelsof business. 44 (0)20 3735 2400aat.org.uk

ContentsWhy AAT?4AAT in numbers6AAT training providers8Ways to study9Choosing your training provider10Employers value AAT qualifications12AAT Accounting Qualification14Student membership18What happens after qualifying?19AAT Access – entry level20Introductory level24Intermediate level28Advanced level32AAT Bookkeeping and Computerised Accounting38AAT Bookkeeping42AAT Computerised Accounting482—3

Use the tabs to the right tonavigate to the qualificationsuited to you.Why AAT?Everything you need to know about studyingan AAT qualificationStudy full time, part time or by distance learningSit your assessments in your local countryWhy AAT? Accounting and finance at the heart of every businessAAT Accounting Qualification I am already working in accounting and finance and needa professional qualificationI am looking to start a career in accounting and financeI would like to set up my own accounting practiceAAT Accounting QualificationAAT’s highly established, industry recognisedaccounting and finance qualification.AAT Bookkeeping andComputerised AccountingI need bookkeeping skills for my businessI work in bookkeeping and need a professional qualificationI would like to set up my own bookkeeping practiceTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400AAT BookkeepingDevelop the essential bookkeeping skillsat the heart of every business.

W H Y AAT ?12345An established and respectedname globally since 1980.Practical, real-world skillsthat every business needs.Qualifications that areopen to everyone.Flexible and cost-effective trainingoptions that work for you.Membership that demonstratesyour professional excellence.4—5Why AAT?

Accounting and financeThe lifeblood of businessWhy AAT?From multi-national companies through to globallyrecognised brands, accounting and finance skillsare at the heart of every successful business.Called upon every day, these skills encompass everythingfrom the recording of financial transactions through toin-depth examinations of expenditure and income.Though many of these processes have existed for hundreds,even thousands of years, accounting and finance skills continueto help us understand and maintain the health of a business.And with AAT, you’re in the right hands. Whatever yourmotivations to study, our qualifications will equip you withthe expertise and confidence to succeed.AAT Accounting QualificationThat explains why these skills are so sought after and how,with them, your opportunities become endless. Whetheryou want to specialise in accountancy or have the baseunderstanding to flourish in other areas of business, byboasting this highly transferable skill-set you’ll open doorsto a wide range of exciting careers.AAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

AAT in numbersWe are a professionalmembership bodyWe award skills based accountancyand finance qualifications 130,000300,000800members and growingcomputer based assessmentstaken last yearcomputer based assessmentstaken each dayWe have membersacross the globeWe support and develop our studentsthrough more than 550 AAT training providers550Members in100 countriestraining providersWe have members in multiple industries6—7Public sectorPrivate sector– accountancy practicePrivate sector– non-accountancy practiceVoluntary, charity,not for profit and other25%18%48%9%Why AAT?

1 million97%green light e-learningtests taken to dateof full members wouldrecommend AAT142,000 45,000e-learning awardwon in 2014AAT e-learning courses aretaken every month in the UKFacebook followersAAT Accounting Qualification7new qualificationslaunched in 2014Why AAT?We attract new membersand students year on yearWe innovate with new andenhanced products and servicesWe support students withcareer resourcesWe boost students’ job security and career prospectsAAT Bookkeeping20,00082%74%students accessed our onlinecareer resources in the last yearof our members feel very orquite secure in their current jobsof our members feel very orquite satisfied in their job rolesTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

AAT training providersWorking with us for youAAT qualifications are available to study aroundthe world and from home via distance learning.Once you’ve chosen the right AAT qualification for yourneeds, your next step is to find a training provider tostudy with.How it works.YouWhat do we mean by training providers? Colleges Private AAT approved training centres Distance learning providersBasically, they’re the people who are approved to deliverAAT qualifications and provide your training.Whether it’s a public or private college, or a specialistdistance learning provider, we have over 550 trainingproviders approved across the globe, meaning you’ve gotplenty of options for how and where you study.Over the next three pages, we’ll look at the different optionsand things to think about when making that decision.AATTrainingprovidersSTART SEARCHINGTo choose an AAT training providerwith the location and learning style tosuit you, go to aat.org.uk/world8—9Why AAT?

Ways to studyStudy methods to suit your lifestyleWhy AAT?Whether you want to attend classes or study fromhome, AAT training providers offer flexible courses tosuit your needs and circumstances.Classroom studyClassroom study is great if you prefer:The large majority of our training providers offer classroomcourses – often with part-time and full-time options available. t he buzz of the classroom environment close interaction with your tutors a structured learning approach.Part-timeAAT Accounting Qualification One or two classes a week Often in the evening Perfect if you’re in full-time employmentFull-time Two, three or four classes a week Often in the day Perfect if you’re a school leaverDistance learningFor those of you tied down to work or with family commitments,getting away to day or night classes can be difficult.If that applies to you, distance learning is an appealing andflexible study method that puts the ball in your court.You decide when you start your course.You choose when and where you study.You set the pace of study.Sarah WilliamsAAT student memberAccounts Assistant,Breeze & Co. Chartered AccountantsYou tailor the level of support you receive.You choose when you sit your assessments.Your distance learning provider will supply your tuition and studymaterials, ranging from basic correspondence courses throughto live online classes.To get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400AAT Bookkeeping “I’ve got two small boys so studyingat college was never an option.Distance learning allowed me tostudy in my own time and stillget all the help and guidance Ineeded from my training provider.With family and work, having thatflexibility was so important.”

CHOOSINGYOUR TRAININGPROVIDERWe strongly recommend comparingthe different training providers outthere as their training packagescan vary.To choose an AAT training providerwith the location and learning styleto suit you, go to aat.org.uk/world10—11Why AAT?

Why AAT?AAT has approved training providersin several countries around the worldand many venues across the globewhere you can sit your assessments.These venues mean you can study bydistance learning and then take yourassessments at a venue local to you.AAT Accounting QualificationAAT BookkeepingAAT approved training providersAAT assessment venuesTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

Employers value AAT qualificationsWhether you’re looking for your first role, changingcareer or chasing that promotion, an AAT qualificationon your résumé demonstrates to employers you havethe practical, real-world skills they need.Why employers love AAT qualifications on your résuméExpertise they can trustIf you want to describe AAT as a brand, then it’s a brand thatemployers trust. We’ve got a history of delivering accounting andfinance qualifications that makes us stand out from competitors.Tailor made qualifications built for the modern workplaceAll our qualifications are written in consultation with employersand draw on the real-world skills they look for in employees.A mark of competence and professional excellenceUnlike academic qualifications, to progress through ourqualifications you have to display practical competence.An AAT qualification on your résumé shows you understandmore than just the theory.12—13Why AAT?

“We see huge benefits fromour staff as they are able toapply their training to their jobfrom day one and continue toas their careers progress. Theyare becoming professionalaccountants and that’s greatfor us to see. We’re able to flowthem between departments toleverage what they’ve learntthrough their training, which isgreat for our business.”Joanne Evans, Finance Manager atP&G’s Global Financial Service Centre,works closely with AAT to deliver financetraining that’s key to developing herteam’s talent.

T H E A ATACCOUNTINGQUALIFICATION14—15AAT Accounting Qualification

At each level you’ll learn practical skills to prime you forthe workplace, from basic finance administration skills,preparing final accounts, through to complex managementaccounting tasks.In this section you’ll see the topics you’ll cover at eachlevel and the types of jobs you can expect on completion.We also cover AAT Access, an entry-level short qualification, whichcovers the basics of business and finance. This can be studiedon its own or as a route into the AAT Accounting Qualification.How long will it take?You will spend about a year on each level,but depending on your study method orcourse timetable it may be as little as sixmonths. To complete all three levels it willtake between 18 months and three years.What kind of job can I expect aftercompleting this qualification?Why AAT?AAT’s highly established, industryrecognised accounting and financequalification consists of threelevels – introductory, intermediateand advanced.Each level of the AAT AccountingQualification is a qualification in itsown right. That means as you progressthrough each level, the skills you’velearnt can be applied to a wider rangeof roles – from Accounts Administratorthrough to senior level positions suchas Commercial Analyst.AAT Accounting QualificationAAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

TO P 5R E A S O N Sto study the AATAccounting Qualification

12345A globally recognised qualification,valued by leading employers.Flexible study options with over550 training providers globally.Progression opportunitiesto a great choice of careers.Boost your earning potential by progressing througheach level, and becoming a full member (MAAT).Fast track to charteredstudies with exemptions.

Student membershipSupporting you every step of the wayBy studying the AAT Accounting Qualificationnot only are you working towards a world-classqualification, you’re also part of a membershipbody that includes over 130,000 like-mindedprofessionals from around the world.Your student membership plays a vital role throughout yourstudies. You’ll gain access to all important study supportresources from interactive e-learning through to sampleassessments, as well as career support tools and exclusivediscounts and benefits.CareersupportLive events obsearchOnlinerésumé MyAATYour personalisedonline accountAAT Commentaatcomment.org.uk18—19AAT Accounting Qualification

What happens after qualifying?Why AAT?On completion of the AAT AccountingQualification, you’ll open doors to a widerange of progression opportunities.MAAT – show your credentialsWith the relevant work experience, you can move upwards to AATfull membership. Alongside many other benefits, this includesthe use of the letters MAAT after your name – internationallyrecognised as a mark of accounting excellence.In the fast-changing world of accounting and finance you need tokeep your skills fresh. From online support to discounted coursesand events, full membership provides you with a comprehensiveand cost-effective means to do this.A pathway on to chartered studiesAAT Accounting QualificationKeep your skills freshIf you achieve all three levels of the AAT Accounting Qualification,many chartered accountancy bodies will grant you exemptionsfrom further studies.AAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

AAT ACCESS– ENTRY LEVELCovering the core areas ofbusiness and finance, AATAccess is an entry-level shortqualification that can be studiedon its own or as a route into theAAT Accounting Qualification.Hannah Coltart MAATHigher Finance Apprentice, VISA Europe20—21AAT Accounting Qualification

Who is it for?AAT Access will suit you if: y ou have little or no background inaccounting and finance y ou’re interested in finding out whataccountancy and finance involvesWhy AAT? y ou run your own business or workin a finance department and need ashort refresher course y ou want to build your basic businessand finance skills before theintroductory level E nglish is your second languageand you need to learn the basics inbusiness language.Topics you’ll cover:1. Mathematics for accounting2. Essential accounting procedures3. Creating business documentsHow long will it take?Approximately 12 weeks depending onyour course timetable and study method.AAT Accounting Qualification4. A ccounting in a professionalenvironmentHow much will it cost?Your training costs will depend on whatis included with your training provider.Some providers will include textbooks,assessment and student membershipfees in their costs while others willrequire them to be paid separately.AAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

AAT ACCESSWhat will I learn?Mathematics for accountingCreating business documentsGuided Learning Hours (GLH): 8GLH: 30 Understand and develop skills in a range of basic Be familiar with a range of documents usedmathematical functions using financial data. Understand basic mathematical concepts and beable to apply a range of numerical skills requiredby financial professionals.Essential accounting proceduresGLH: 29within the accountancy function and other areasof business. Understand the importance of good qualitycommunications, including knowledge of formaland informal written communications. Identify different types of business documents andunderstand why it is important to choose the rightstyle for internal and external communications. Apply basic accounting terminology to businessdocuments and procedures. Understand the principles of single-entryaccounting systems, including preparing to recordbusiness transactions in the books of prime entry. Understand types of coding and batch control. Prepare documents to process receiptsand payments. Prepare a basic profit statement.22—23Accounting in a professional environmentGLH: 8 Understand how efficient working practices andpersonal development will help both you andbusinesses that you work for to succeed. Appreciate how the legal framework and ethicalbehaviour affect the way a business is run.AAT Accounting Qualification

How do I get started?All AAT assessments are:1. Speak to our advisors on 44 (0)20 3735 2400 practical computer based assessments (CBAs) flexible – so you can sit them anytime of the year marked automatically – meaning you get your2. Take the online skillcheckprovisional results straight away covered by a range of learning methods includingonline tests and reports.Why AAT?How will I be assessed?3. Choose a training provider4. Enrol with your training provider5. Register with AATaat.org.uk/worldAAT Accounting QualificationAAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

INTRODUCTORYLEVELThe introductory level is whereyou’ll get to develop your skillsin finance administration: basiccosting principles, double-entrybookkeeping and purchase, salesand general ledgers.Mohammed Al KhabbazAssistant Income AuditorIntercontinental Regency Bahrain Hotel in Manama, Kingdom of Bahrain24—25AAT Accounting Qualification

Title is it for?WhoBodyintroductory level will suit you if:The y ou work in accounts and would likea formal qualification in the field y ou would like to acquire new skillsto help with a change in your career y ou are not currently in employment ortraining and you need workplace skillsWhy AAT? y ou’re a school leaver looking for anintroduction to accounting and finance y ou would like to go on to be anAAT full member or study forchartered status.Top five skills you’ll gain:1. Processing payments and receipts.2. Preparing invoices.3. Completing bank reconciliations.4. Understanding banking procedures.How long will it take?From six months, depending on yourcourse timetable and study method.AAT Accounting Qualification5. E ffective business communicationsskills including letters, memos andinformal reports.How much will it cost?Your training costs will depend on whatis included with your training provider.Some providers will include textbooks,assessment and student membershipfees in their costs while others willrequire them to be paid separately.AAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

INTRODUCTORY LEVELWhat will I learn?Basic costingProcessing bookkeeping transactionsGuided Learning Hours (GLH): 60GLH: 45 Understanding an organisation’s cost recording Understanding double-entry bookkeeping,system and using it to record or extract data Use of spreadsheets to convey information onactual and budgeted income and expenditureintegrating books of prime entry and describingcoding system functions Understanding discounts and settlement, tradeand bulk discount differencesComputerised accountingGLH: 25 Entering data at the start of an accounting periodto set up customer and supplier accounts Recording and processing customer andsupplier transactions Recording and reconciling bank and Preparing and processing customer and supplierinvoices and credit notes Totalling and balancing a 3-column analysedcash book Totalling, balancing and reconciling petty cashrecords within an analysed petty cash book Processing ledger transactions and extracting atrial balancecash transactions Processing and using journals to enteraccounting transactions Production of reports (day books, account activity,aged analysis, statements or remittance advice)Control accounts, journals and thebanking systemGLH: 40 Understanding the purpose and use of control Work effectively in accounting and financeGLH: 40 Understanding an organisation’s accounting orpayroll function U sing numeracy and literacy communication skills Working independently or in a team to prioritisetasks and manage colleagues’ responsibilitiesaccounts and journals Maintaining and using control accounts andthe journal R econciling a bank statement with the cash book Understanding the banking process and mainservices of banks and building societies Understanding requirements of retention andstorage relating to banking documents Understanding ethical values, principles andimportance of confidentiality Understanding and explaining benefits toorganisations of sustainable values26—27AAT Accounting Qualification

How do I get started?All AAT assessments are:1. Speak to our advisors on 44 (0)20 3735 2400 p ractical computer based assessments (CBAs) flexible – so you can sit them anytime of the year marked automatically – meaning you get your2. Take the online skillcheckprovisional results straight away covered by a range of learning methods includingonline tests and reports.3. Choose a training provider4. Enrol with your training provider5. Register with AATaat.org.uk/worldAAT Accounting QualificationWhat kind of job can I expect after completingthis qualification? Why AAT?How will I be assessed?Accounts AdministratorAccounts AssistantAccounts Payable ClerkBookkeeperPayroll AdministratorPayroll OfficerPurchase/Sales Ledger ClerkTax Assistant/TraineeTrainee Accounts TechnicianAAT AccessPerfect if: you’re not ready to start at theintroductory level and want to cover thebasics first.To get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400AAT BookkeepingALSO TRY

INTERMEDIATELEVELAt the intermediate level, you’llmaster more complex financialprocesses, including finalaccounts for sole tradersand partnerships, reports andreturns and professional ethics.Comfort MitchelManagement AccountantSally Salon Services28—29AAT Accounting Qualification

Who is it for?The intermediate level will suit you if: y ou’ve completed the introductoryaccounting level and would like tobuild your skills y ou would like to go on to be an AATfull member (MAAT) or study forchartered status.Why AAT? y ou’re already working in financeand you’d like a formal recognitionof your skillsTop five skills you’ll gain:1. M aking provisions for doubtful andirrecoverable debts.2. R econciling ledgers with thecash book.3. T he importance of professional ethicsin the working environment.4. Analysing variances.How long will it take?From six months, depending on yourcourse timetable and study method.AAT Accounting Qualification5. U se of spreadsheets to manageinformation in the accountingenvironment.How much will it cost?Your training costs will depend on whatis included with your training provider.Some providers will include textbooks,assessment and student membershipfees in their costs while others willrequire them to be paid separately.AAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

INTERMEDIATE LEVELWhat will I learn?Accounts preparationProfessional ethicsGuided Learning Hours (GLH): 75GLH: 35 Understanding accepted principles of accounting Understanding principles of ethical working Understanding ethical behaviour when workingand double-entry bookkeeping Understanding accounting methods of recordingnon-current assets Accounting for purchase of non-current assetsAccounting for depreciation and adjustmentsAccounting for disposal of non-current assetswith internal and external customers Understanding when and how to take appropriateaction following suspected ethical codes breaches Understanding the ethical responsibility of financeprofessionals in promoting sustainabilityPreparing and extending the trial balanceIndirect taxPrepare final accounts for sole tradersand partnershipsGLH: 50 Understanding the process involved in preparingfinal accounts Preparing accounting records fromGLH: 30 Understanding VAT regulations Completing VAT returns accurately and on time Understanding VAT penalties and adjusting forprevious errors Communicating VAT informationincomplete information Producing final accounts for sole traders Understanding partnerships’ legislative andaccounting requirements Preparing a statement of profit or lossappropriation account Preparing a financial position statement relatingto a partnershipSpreadsheet softwareGLH: 45 Using a spreadsheet to enter, edit and organisenumerical and other data Selecting and using appropriate formulas anddata analysis tools and techniques Presenting, formatting and publishingCosts and revenuesspreadsheet informationGLH: 70 Understanding an organisation’s costing systemsRecording and analysing cost informationApportioning costs to organisational requirements nalysing budget deviations and reporting theseAto management Using information gathered from costing systemsto assist decision making30—31AAT Accounting Qualification

How do I get started?All AAT assessments are:1. Speak to our advisors on 44 (0)20 3735 2400 practical computer based assessments (CBAs) flexible – so you can sit them anytime of the year marked automatically – meaning you get your2. Take the online skillcheckprovisional results straight away covered by a range of learning methods includingonline tests and reports.3. Choose a training provider4. Enrol with your training provider5. Register with AATaat.org.uk/worldAAT Accounting QualificationWhat kind of job can I expect after completingthis qualification? Why AAT?How will I be assessed?Accounts AssistantAccounts Payable and Expenses SupervisorAccounts Payable ClerkAssistant AccountantAudit TraineeBookkeeperCredit ControllerFinance AssistantPayroll AdministratorPayroll SupervisorPractice BookkeeperTax AssistantAAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

ADVANCEDLEVELThe advanced level covers financialteam leader skills, including financialstatements for limited companies,complex management accountingtasks, management skills andspecialist learning areas.Darren Theobald MAATFinancial ControllerNHS32—33AAT Accounting Qualification

Who is it for?The advanced level will suit you if: y ou’ve completed the intermediateaccounting level and would like tobuild your skills y ou would like to go on to be anAAT full member or study forchartered status.Why AAT? y ou’re already working in financeand you’d like a formal recognitionof your skillsTop five skills you’ll gain:1. D rafting and interpreting limitedcompany financial statements.2. P reparing forecasts of incomeand expenditure.3. P reparing draft budgets and revisingthem as required by the business.5. R eviewing the finance functionto identify risk and makerecommendations for improvements.How long will it take?From one year, depending on yourcourse timetable and study method.AAT Accounting Qualification4. M anaging budgets and reportingvariances back to the business.How much will it cost?Your training costs will depend on whatis included with your training provider.Some providers will include textbooks,assessment and student membershipfees in their costs while others willrequire them to be paid separately.AAT BookkeepingTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

ADVANCED LEVELWhat will I learn?Financial statementsFinancial performanceGuided Learning Hours (GLH): 90GLH: 60 Understanding the regulatory framework Collating and analysing cost information fromunderpinning financial reporting Understanding key features of publishedfinancial statements Drafting a limited company’s statutoryfinancial statements Drafting consolidated financial statements Interpreting financial statements usingvarious sources Measuring performance and managingcosts appropriately Making suggestions for improvingfinancial performance by monitoringand analysing information Preparing performance reports for managementratio analysisInternal control and accounting systemsBudgetingGLH: 70GLH: 60 Understanding the importance and use of Preparing budgets and income andexpenditure forecasts Assessing budgetary impact of internaland external factors Using budgetary control to improveorganisational performanceinternal control systems Evaluating the accounting system and identifyingareas for improvement Conducting ethical and sustainability evaluationsof accounting systems Making recommendations to improve theaccounting system34—35AAT Accounting Qualification

Cash managementWhy AAT?Two options from the following five:GLH: 40Business taxGLH: 50 Completing corporation tax returns and supportingcomputations for incorporated businesses Understanding impact of legislation andlegislative changes Understanding tax law and its implications forincorporated/unincorporated business Understanding capital assetsGLH: 40 Calculating income from all sources andidentifying taxable and non-taxable items Applying current legislation to calculate taxpayable on income Accounting for capital gains tax according toinformation to prepare income andexpenditure forecasts Preparing cash to monitor an organisation’scash flow Managing cash balances effectively Investing surplus funds, observingorganisational policiesCredit controlGLH: 40 Understanding relevant legislation and impact oncredit management Using information from various sources to grantcustomers’ credit within organisational guidelines Using a range of techniques for debt collection Monitoring and controlling credit supplyAAT Accounting QualificationPersonal tax Using statistical techniques and financialcurrent legislation Preparing accurate computations and completingrelevant parts of self-assessment tax returnsExternal auditingGLH: 70 Planning an audit identifying areas for verificationand associated risksAAT Bookkeeping Conducting a supervised audit Preparing draft reports for approval Understanding auditing principles and legaland professional standards required for anexternal auditorTo get started visit aat.org.uk/world or call us on 44 (0)20 3735 2400

ADVANCED LEVELHow will I be assessed?How do I get started?All AAT assessments are:1. Speak to our advisors on 44 (0)20 3735 2400 practical computer based assessments (CBAs) flexible – so you can sit them anytime of the year marked automatically – meaning you get your2. Take the online skillcheckprovisional results straight away covered by a range of learning methods includingonline tests and reports.3. Choose a training provider4. Enrol with your training provider5. Register with AATaat.org.uk/worldWhat kind of job can I expect after completingthis qualification? Accounts Payable and Expenses SupervisorAssistant Financial AccountantCommercial AnalystCost AccountantFixed Asset AccountantIndirect Tax ManagerPaym

AAT Access – entry level 20 Introductory level 24 Intermediate level 28 Advanced level 32 AAT Bookkeeping and Computerised Accounting 38 AAT Bookkeeping 42 AAT Computerised Accounting 48. Why AAT? AAT Accounting Qualificatio

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