How to Prepare For Your Foundation Certificate in Accounting at the University of Wales Institute of Chartered Accountants
The AAT Foundation Certificate in Accountancy is a perfect for you if you’re looking to follow a professional career in accounting or finance, giving you the essential ground-breaking accounting and finance skills and knowledge required to progress from within the industry. There are so many benefits to gaining this foundation certificate, not least of which is the knowledge you’ll have about the different aspects of accounting and finance. In order to qualify as a CMA, a four year degree is necessary, including modules in international business, management and taxation, among others.
This qualification is actually split into three parts – one is the Foundation Certificate aat level 2, which covers the most commonly required modules. The next two parts, further courses and electives, are all elective and will focus on different aspects of accountancy and finance. As mentioned, aat foundation certificate in accounting covers the foundation of the knowledge required for entry-level positions in accounting. This means that if you’re aiming to advance in your career from an accountant to a controller or auditor, you’ll need the knowledge gained via the Foundation Certificate in Accountancy. Of course, further qualifications are available to improve upon the Foundation Certificate, ranging from further courses in taxation and ethics to specific electives on issues such as international business and company formation. All of these can give you a higher qualification and increase your chances of finding work in the ever-growing accounting and finance sector.
So what’s covered via the foundation certificate? You’ll need to take a basic accountancy exam, covering the key subjects of management and accounting, with a minor in business administration. From here, you’ll be able to choose whether to complete your studies online or through the traditional classroom learning experience, depending on your own learning preferences and time availability. The AAT accountancy exams cover both general business knowledge and newer developments in the world of accountancy, so whether you’re looking to improve your career prospects with certifications and on-the-job training, you’ll have the knowledge to do so. Whether you want to work effectively at any of the many organisations that provide accountancy services or whether you’re looking to start your own consultancy, the options are wide open aat level 3.
The Foundation Certificate in Accountancy is the necessary foundation certificate for anyone who wants to progress into higher paid positions, but there’s more to this than just taking the exam. The exam provides you with a benchmark against which to compare your own performance against that of others within your organisation. This means that it’s important not only to pass the exam itself, but also to demonstrate to your supervisors and peers that you possess the relevant knowledge to perform satisfactorily at your new role. This is where the benefits of an online training course in costing synoptic assessment come in. By using an online system that combines video-based instruction with interactive exercises and quizzes, these courses enable you to learn at your own pace, allowing you to review previously studied material whenever it suits your schedule.
It can be difficult to find the time to go back to class after being self-employed for a few years, but with a course like this you can learn at your own pace and never be late. You can take the exam at your leisure, so there’s no pressure to attend classes during business hours. Plus, by using bookkeeping controls and comparing your performance against a pre-determined sample, you’ll learn exactly how different features of bookkeeping affect your bottom line. The course comes complete with a practicum study guide, a full version of the Foundation Certificate in Accounting and three fully implemented practice tests, allowing you to get a feel for the subject matter before taking the real thing.
As well as passing the exam, you will receive the necessary skills to carry out a small number of basic transactions using accounting software. To become an accountant you’ll need a National Insurance licence, so if this isn’t yours you’ll have to complete the relevant examination. The foundation certificate allows you to work in the finance and accountancy sectors, but a qualified accountant must hold a National Insurance licence and be registered with the Office of Chartered Accountants before starting work. You may also need additional training, such as CPA or Financial Services Authority certification. A final examination, known as the International Qualification Test, guarantees that you meet the necessary international standards for a CPA licence.