AAT NVQ in Accounting or The Association of Chartered Certified Accountants?


T

tannya

I am thinking about starting an accouting course at college, but I'm a
little unsure of which course is better to progress to in the long run
- AAT NVQ Level 4 in Accounting (Technician) or Foundation: The
Association of Chartered Certified Accountants (HE). Is there a lot of
difference between the two? Any help would be greatly appreciated.

Thanks

Tannya
 
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T

Troy Steadman

tannya said:
I am thinking about starting an accouting course at college, but I'm a
little unsure of which course is better to progress to in the long run
- AAT NVQ Level 4 in Accounting (Technician) or Foundation: The
Association of Chartered Certified Accountants (HE). Is there a lot of
difference between the two? Any help would be greatly appreciated.

Thanks

Tannya
This is a bit of an FAQ so you could read through this lot while you
are waiting:

http://tinyurl.com/aenqx

Where do you hope to end up? Fully qualifed in Accountancy Practice?
Fully qualified in Industry? Semi-qualified as an accounts assistant?

If you know where you are going that will have a big bearing on how you
get there. If you don't where you are going (and why should you at this
stage) AAT is super-flexible.
 
T

tannya

Thank you so much for your reply.

I am currently unable to go to university, so for the moment I am
looking to get a foot in the door as a part qualified accountant (the
sooner the better!) Hopefully after a while, my situation will change
and may get the chance to go to university later on.

After what level will I be counted as a part qualified accountant?

Tannya
 
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T

Troy Steadman

tannya said:
Thank you so much for your reply.

I am currently unable to go to university, so for the moment I am
looking to get a foot in the door as a part qualified accountant (the
sooner the better!) Hopefully after a while, my situation will change
and may get the chance to go to university later on.

After what level will I be counted as a part qualified accountant?

Tannya
Accountancy is about knowledge and experience. If you know what you are
doing you are part qualified or as they say QBE - Qualified by
Experience.

Obviously if you are fully qualified, or (as Doobie says) have a few
exam successes under your belt, that will make you seem more attractive
to an employer. The main thing you have to decide is:

1) Do I want to go into Accountancy Practice?
2) Do I want to go into Industry?

For both of these you need word processing, spreadsheeting (free down
at the library?) and double entry bookeeping:

http://www.nrbarton.co.uk/Bookkeeping/index.html

For (1) you can ask around small local practices. These are often one
man bands and if the proprieter likes you he'll give you a try. People
with commitments can often be fitted in full or part time if they have
useful skills. There are a lot of Fully Qualified mothers who work part
time around school hours, so the competition is quite fierce, but if
you are on an AAT course (say) you should find work. You will also need
some understanding of UK Tax: especially VAT, Income Tax/NI and
Corporation Tax.

Google the uk www for all kinds of tutorials and starters, often put
there by Chartered Accountant firms, as well as (of course):

http://www.hmrc.gov.uk/
http://www.hmrc.gov.uk/manuals/

If (2) you want to go into industry you will be doing more repetitive
jobs such as Purchase/Sales Ledger and endless Reconciliations and
reports. That too can be well paid and is a good introduction to a big
future as qualified Financial Controller of a large company.

Accountancy is truly about ability. You cannot bullshit your way
through it (although a great many try!). If you put in the enthusiasm
you can get anywhere. Good luck!
 

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