If you are looking for accounting training at AAT level 2, the first thing to consider is what your goals are. Do you want to learn more about the inner workings of an accountant’s day to day life? Do you want to know more about tax laws and their regulations? Do you want to be able to perform calculations quickly and easily without a lot of time spent on research and mathematical formulas?
Accounting is a very broad subject and accounts is where a large part of an accountant’s job is spent. Accountancy also covers general auditing and control of financial matters such as ensuring that accounts are accurate and up to date. There are several different types of accountancy at AAT level two, including single and double-entry bookkeeping. Double-entry bookkeeping involves recording daily cash transactions with the use of a bank ledger, while single entry bookkeeping records only the income from one transaction this.
At the end of year two at AAT level 2, students will need to demonstrate two things: the ability to apply the principles of single entry and double entry bookkeeping and a detailed knowledge of the ABCDE guidelines for accountants. To achieve these goals, students will need to participate in a full year of approved AAT Synoptic Assessments. Synoptic assessments cover a wide array of subjects, from basic accounting skills to complex computer applications and programming. Students will need to pass at least one of the following three Synoptic Assessment subjects in order to gain a certificate:
AAT Synopsis. The purpose of this type of assessment is to test the students’ analytical and written comprehension. This type of examination covers financial concepts, statistics and business law. To gain this qualification, students need to study aat level 2 accountancy, which includes modules such as Organizational and Business Law, Auditing and Costing, Principles of Microeconomics and Theory Building.
Foundation Certificate. The foundation certificate focuses on providing a solid background to prospective accountants. To achieve this goal, students need to complete a course designed to provide them with an introduction to accounting and the different accounting roles. The foundation certificate also provides students with general accounting qualifications. At the end of the foundation year, students will need to take an exam that will qualify them to sit for the AAT level 2 exam anchor.
AICPA Certification. To become a certified AICPA (American Institute of Certified Public Accountants) accountant, students need to complete a two-year degree from an accredited university or college. After earning the degree, students need to pass the certification exam. The exam measures students’ knowledge and skill in basic bookkeeping and accounting principles. Students who successfully pass the exam are given a credential which is recognized by AICPA. This credential may be required for certain positions in firms, government agencies and educational institutions.
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