AAT Level II: Foundation Accountancy Knowledge

AAT Level II examination is a good starting point for those looking forward to moving into a professional career in accountancy. If you’re looking to gain the certifications and knowledge needed for more professional accounting job roles, then enrolling into AAT Level II Foundation & Advanced Accounting (levels II & III) is a good starting point. This foundation courses in accountancy cover all the topics that a potential employer would look for in their accountant. When you’re at this level, you can work for your favourite company or work in a new one.

 

The foundation courses in accountancy cover tax, savings and investment. It will also cover business banking, contract administration, management of public sector finances, management of non-financial assets and procurement. You will get a detailed explanation of these topics plus much more. Once you complete your at level 2, you will be awarded a certificate that will indicate your educational and professional success. This certificate is then valid for two years and can be renewed online check my blog.

 

Aat level 2 foundation courses cover financial and investment accounting, budgeting and managing resources. This includes how to understand and implement financial plans, forecasting methods and creating and designing financial packages for clients. You will also learn how to prepare a corporate finance report. An accounting report covers the complete financial statement of a company including the income statement, balance sheet, cash flow analysis, profit and loss analysis and statement of cash resources. As part of your aat advanced certificate, you will also be given a final score based on your competence on the whole test.

 

The salary expectations for accountants who have taken a basic and at level Aat professional Diploma are generally very high. These professionals earn around 25 thousand pounds per annum. Senior accountant positions expect earnings of around thirty thousand pounds per annum. Junior accountant positions on the other hand offer slightly lower salaries of around eighteen thousand pounds per annum. It should be noted that the junior accountant position does not usually entail certification.

 

Some other important accounting qualifications include finance certification, commercial banking qualification, insurance license, portfolio management qualification, non-autical classification, government contract accounting qualification, master accountant and tax accounting qualifications. In order to qualify for higher accounting positions, it is important to ensure that one has acquired all the relevant qualifications. For this purpose employers often require a candidate to have additional qualifications in accordance to their specific needs. Candidates who are employed in a position where they are responsible for implementing complicated accounting policies may be expected to acquire more complex accounting qualifications. This may include membership of the Institute of Chartered Accountants in the UK or the International Association of Chartered Accountants navigate to these guys.

 

In order to begin at the AAT level 2, candidates need to apply for an exam which will gauge their foundation accounting knowledge. The foundation accountancy exam is conducted in partnership with the College of Accountancy (CA) – London. Candidates apply for the exam either online via their website or through a specially organized hands-on session which takes place in April every year. Candidates who successfully pass the exam are awarded with a DSA (as examination pass) and will be eligible to sit for the examination. Candidates who fail the examination cannot apply to sit for the CA exams again.

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