AAT Level 1 is the foundation to teach accounting. This level offers a basic, fundamental understanding of the discipline as those who are just starting out in the professional sector looking to either work within accounts, or those already employed in the field. Level 1 covers subjects from basic bookkeeping to trial balances, employing both manual and automated techniques. Some of these subjects include: balances in journals and books, direct entry of cash transactions, budgeting, income and expense preparation and recording, entering of tax data, and consolidation. Those wishing to progress through to AAT Level 2 will learn about: corporate law, business process management, and company insolvency.

 

Whilst a candidate can be expected to have worked at a higher education level already, most companies will prefer candidates with a basic knowledge of accounting. However, it is not essential. Courses can be taken online, through correspondence courses, and via a program such as AAT. Those wishing to further their education will generally need to achieve an aat degree or further qualifications. AAT level 2 students are also able to apply for extensions, which enable them to continue studying and gain more credits internet.

 

Subjects covered at aat level 2 include accounts and accountancy, auditing, business mathematics, and business psychology. Business mathematics focuses on financial management, aiming to provide those passing their exams with the knowledge they require to effectively assess and plan a company’s finances. Auditing and fraud management study key areas in accounting to help students identify fraud and suggest preventative measures. A key requirement is for students to be proficient with Microsoft Word, Excel, and PowerPoint. Other reports that may be required include the latest version of UK Standard Office Format (MS Office).

 

After students have passed their examinations, they will have to complete a set of practical and advanced subjects which will assess their progress. At this point, it is likely that they will have to use accounting software in some form, whether it is a spreadsheet, presentation software or an accounting program. Learning how to use accounting software is very important, as it is what will allow a person to effectively and accurately track his or her progress throughout the years at university or college. Some companies may even choose to train employees using accounting software, allowing them to input information into the system and produce reports at the end of each day. It can therefore be seen as a vital part of any aat level 3 financial preparation.

 

The final part of the process involves proving one’s eligibility to take the level 2 certificate. To do this, students will have to complete a series of exams, which include one aat qualifications and two IASASAS examinations. By taking these exams students will demonstrate that they are competent to undertake a variety of bookkeeping and accounting responsibilities, such as recording expenses, making bank transactions, entering information into the computer system and producing reports for management and other team members. Students must pass these examinations before they will be awarded their level 2 certificate. They may also be eligible to take the foundation credits, which deal with learning about management and accounting basics. This foundation will help to prepare them to take further courses in their chosen profession, such as a master’s degree.

 

As well as studying for and taking the exams that will qualify them for the aat level 3 financial certification, students will also need to study hard to prepare themselves for their IASAS exams. This is because the IAS exams measure three key areas of accounting, namely professionalism, information management and business analysis. Although many students initially set out to get their first professional accountant degree, it is more likely that they will begin to focus on their career goals when their aat level 4 financial certification is nearing completion. It can also help to get a good grounding in a variety of subjects, such as accountancy, finance and management, before embarking on their chosen profession more info here .