The AAT Level 2 Certificate in Accountancy is available to first year students on 1 February 2021. The purpose of the AAT Level 2 Certificate in Accountancy is to provide sufficient grounding in the core financial management knowledge and managerial skills required to progress from an intern to a full time professional. This is a highly regarded qualification, with a global marketability and high value to those seeking competitive advantage in the financial services sector. The course delivers a strong foundation in management principles and concepts as well as accounting theory and fundamental principles. It builds upon the foundations of Accountancy, giving accountants the ability to analyse and interpret financial documents and information aat level 2.
At the end of the second year, students will take a Candidacy Examination and will be expected to display the knowledge gained from their second year AAT examination and their first year course. After this they will have taken enough credited hours to sit a recognised Candidacy Examination after which they will be eligible for registration for the Level 2 Diploma in Accounting. The certificate is normally available from a range of qualified colleges and universities, with the examinations available through the University admissions service.
There are two routes to obtaining an accountancy qualification beyond the level of an Accountancy Bsc: The first is to obtain an Associate’s degree in accounting from an accredited university or college aat level 3, the second being the completion of a Qualification Course in accounting, which is usually completed in three years. A qualified individual may also become a member of the Institute of Chartered Accountants of England & Wales (ICAE) after completing their accountancy qualifications. They need to meet a certain minimum international standard of competence in order to sit for an examination. The International Standards Organization is the authoritative body that sets the examination guidelines.
When a qualified individual has completed their accountancy qualifications, they may wish to progress to the next level of their education and this can be done by taking the AAT Level 2 exam. Taking the exams at this level will normally take longer than those at the other levels, as it is an advanced exam. However, there are some AAT Level 2 tests that can be taken at a later date, in which case the candidate must pass these exams in order to gain a CVA or CPA.
Some AAT courses offer a series of books and online tutorials on accountancy and bookkeeping, which is helpful for those who have a limited knowledge of either terminology or concepts. However, it is important to remember that a lot of dedication and hard work is required to be successful in achieving success with the skills that are acquired through these courses. If you feel that you may not have the time to put into a course of study, then it may be a better idea to obtain your qualifications as an accountant through an online provider of aat level 2 qualifications.
A good AAT course should include tutorials on the different aspects of accountancy, which includes a detailed look at bookkeeping controls and how to use them properly. It should also include a comprehensive look at the different facets of payrolls and the various tax codes that apply to business and individuals that will need to understand these. Many online providers of aat level 2 bookkeeping transactions courses will provide a complete overview of this information along with examples of various types of transactions. In addition, these providers will often provide examples of actual CPA or CVA files to illustrate the various transactions that would be required to be entered into a CPA filing.