The course includes topics such as taxation, accounting systems, preparation of financial statements, management accounting and budgeting. Internet explorer no longer supported:Microsoft will no longer be updating Internet Explorer. Having a BSc in tandem with your ACCA Qualification can give you the edge over other professionals. It leads to the status of being an accounting technician. Alternatively, you may decide to use this qualification to gain exemptions to further professional exams such as ACCA. (1), Production, Manufacturing & Materials Telephone: +44 (0)20 3743 1808 Strategic Professional takes 12 to 18 months to complete, and once you've successfully passed you can apply to be a full member of ACCA. These cookies will be stored in your browser only with your consent. There is no degree that is equivalent to the ACCA qualification. That is the entire point of the qualification. The best you could get from any deg View Programmes The pass rates on individual papers hover around 30 to 45 per cent which means that you must put considerable effort into each exam to be successful. (31), Kingston and St. Andrew (1), Chaguanas ACCA is a professional certification amd not a degree. This ends the answer to your question. However, it is widely recognized as an accepted quali ACCA Diploma in Financial and Management Accounting (RQF Level 3) 3. Students who enrol on theACCA coursewill study the following modules: The ACCA Knowledge Level is the Introductory Level for ACCA which is similar in academic standing to Level 4 AAT. The level goes from the lowest,least challenging Entry Level, up through thelevels tothe most challenging or difficult, which is aDoctorate at Level 8. AAT stands for Association of Accounting Techniciansand is a leading accounting body for accounting professionals. Youll learn about budgeting, management accounting, preparing financial statements, accounting systems, and tax. The AAT qualification is an entry-level qualification that was set up to encourage students at school to get a head start in learning accounting. WebFoundation examinations (for those who dont have the relevant qualifications to start the ACCA Professional Examinations) comprise: - ACCA Diploma in Financial and Management Accounting (RQF Level 2) Management Information and Recording Financial Transactions. AAT is a technical level qualification, while the ACCA qualifications are at the professional level. Saudi Office: Office 10, 2nd Floor, Az Zahra, (3), Governance In total, it takes around five years to become ACCA qualified. These exams may be taken on demand. You will need to have passed AAT Foundation or you may be exempt from Foundation if you have relevant work experience, or A Levels. Applicants must be at least 16 years old or above. So, we may see the qualifications as being complementary rather than in competition with each other. If you have a higher academic starting point, you may decide to go straight on to ACCA studies. In the final stage of ACCA, you'll be working as an assistant (qualified) supervisor or a financial analyst and you can expect to earn around 45,000. AAT qualifications are a great way of enhancing your existing knowledge in accountancy and building on the skills required for a successful career in accountancy For example, while a Level 3 Award would be more challenging or difficult than a Level 2 Certificate, it would also be smaller, and so potentially take less time to complete as a result. (4), Account Management Applied Skills encourages you to develop a broad understanding of the role of accounting in business, and how to interpret financial information. The qualifications can be used to develop recruits from secondary schools or to encourage those already working in accounts support roles to obtain formal recognition of their abilities. Entry level 3 is the most difficult. If you are more highly qualified, you may look to start ACCA immediately. Only available with AAT, ACCA, CIMA. AAT students pass first time in a Classroom. Study when it's convenient to you, wherever you are. When choosing which accounting qualification to study it is important to understand the current position of the applicant. We provide training for all levels, and we offer four study methods to suit your lifestyle: OnDemand, Classroom, Live Online, and Distance Learning. (1), St. Peter WebFoundation Level ACCA Diploma in Financial and Management Accounting (RQF Level 2 equivalent to GSCE and Irish NFQ Level 4) This ACCA diploma is awarded on the completion of exams (For course details: Click here) Recording Financial Transactions (FA1) Management Information (MA1) Using computers to carry, The CFO role is often thought of as being largely preoccupied with numbers and data, but in the last few, Wondering what accountancy is really like as a career? (8), Account Assistant It provides you with a powerful combination of qualifications, which can help you climb the career ladder quicker, open avenues to more career paths and give you a greater depth of finance and business knowledge. We therefore offer quality products at an affordable price. Or become the financial authority for multiple industries within your role? Kaplan Financial Limited. "Highly skilled sheet metal fabricators with all the correct machinery to fabricate just about anything you need. ACCA Certificate in Audit (RQF Level 4) 5. Upon completion of your AAT studies, you may decide to stop studying given that you have a highly marketable accounting qualification. WebThe AAT qualification also touches on some of the course content from year 2 of the ACCA course, which can help ease you into your ACCA studies. That being said, the amount of studying required for AAT is less than that required by someone studying ACCA. I was lucky enough to become the graduate speaker at my regional graduation too. Upon completion and passing the examination of Maintaining Financial Records (FA2) and Managing Costs and Finance (MA2), a certificate of ACCA Diploma in Financial and Management Accounting (RQF Level 3) will be awarded by ACCA Global. If you think that AAT might be the qualification for you, check out our AAT pagesfor more information, including our range of different study methods to choose from. (1), Cayman Islands https://www.lsbf.org.uk/blog/online-learning/what-is-aat-and-what-their-levels-are-equivalent-to. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. These cookies track visitors across websites and collect information to provide customized ads. Learn more, E-mail: info@lsbf.org.uk | 2003 2022 London School of Business & Finance. (2), Trinidad and Tobago You can complete this level in 12 to 18 months. Essentially you're able to use the knowledge and skills from your professional qualification to contribute towards gaining a university degree. If youre not sure how youd like to study ACCA, you can try out our free demo or trials below, which demonstrate all our study methods. Youll learn the basic principles of accountancy, such as double-entry bookkeeping, costing and preparing financial statements, as well as how to use accountancy software. (19), Accountancy & Finance (1), Grand Cayman The ACCA Options* include four papers that build on knowledge learnt at the skills level. (60), Not disclosed Short courses in bookkeeping skills include: TheAAT Foundation Certificatehelps students acquire a broad range of knowledge in fundamental accountancy principles. AAT offers three accountancy qualifications, namely, Foundation If you want to continue studying ACCA, you can move onto the final level, Strategic Professional. (1), Tunapuna/Piarco TheAAT Professional Diplomaequips students with skills and knowledge relating to complex accounting theories. WebPractical Experience Requirement. ACCA-qualified professionals are recognised worldwide, making it easier for them to acquire jobs with top accountancy firms and other organisations. If you have two A Levels and three GCSEs, in five separate subjects including English and Maths, you can start studying ACCA. The students who have (5), Accountant/Finance Manager (2), East Caribbean Its ideal if youre new to accountancy, or already work in accountancy but dont have any formal qualifications. You dont need any prior experience to study AAT Foundation - but you do need good maths, IT and English skills. By studying Strategic Professional, you'll learn advanced techniques, skills, and the professional ethics required of an accountant or consultant operating at a senior level. Association of Chartered Certified Accountants (ACCA) is a professional accounting body that offers technician and professional certifications in a If you have two A Levels and three GCSEs in five separate subjects including English and maths (or equivalent qualifications), you can start your studies at the ACCA Qualification, which is ranked at Masters level and on completion youll become an ACCA member, notes the Association. Thus for UK qualifications: This means you can have various permutations of size and level. Attending university, while a great experience both personally and academically, can be very expensive. Foundation Certificate in Bookkeeping (Level 2, CIB); Foundation Award in Accounting Software (Level 2, AIAS); Advanced Certificate in Bookkeeping (Level 3, CIB). It can take anywhere between 12 to 18 months to complete this qualification. If you have a university degree in accountancy, or related, it may be more appropriate to try ACCA, CIMA, or ACA. All the best and Good Luck. This certification usually takes between six months and 12 months to complete. Lets have a look at each qualification in detail: The Association of Accounting Technicians (AAT) is one of the leading accounting bodies in the UK. Combine your professional achievements with a Research and Analysis Project (RAP) to gain a Bachelor's degree from a leading UK university. Of employers think acca is a respected qualification. Opportunities don't happen. (5), Auditing WebThe Scottish Credit and Qualifications Framework (SCQF) applies to qualifications awarded by Scottish Awarding Organisations. (1), Legal Scottish Credit and Qualifications Framework. ACCA is the Association of Chartered Certified Accountants. What is an AAT qualification equivalent to? (1), Tobago The AAT qualification is the start of an accountancy career for anyone without any previous experience. These cookies ensure basic functionalities and security features of the website, anonymously. This gave me the chance to depart from the typical exam structure and be exposed to real-world corporate challenges. Please feel free to order further information via our website. If you would like more information, you can call us on 0207 397 3002. (57), Agency As you're part-qualified, you'll work as an associate or an accounts clerk, and earn around 23,000. AAT is comprised of three accounting qualifications: Foundation Certificate, Advanced Diploma and Professional Diploma. Year of completing ACCA and the OBU degree:2015. It is a professional certification. It builds on the knowledge gained in the Foundation level. (1), Education, Childcare & Training Auditor (Level III equivalent to Principal Auditor) job with BCP Council | 11844718 Auditor (Level III equivalent to Principal Auditor) Recruiter BCP Council Location Bournemouth, Dorset, United Kingdom, United Kingdom Salary 38,296 - 41,496 Posted 03 Mar 2023 Closes 02 Apr 2023 Ref 9367 Job role Audit Sector Accounting - Public Each entry level qualification is available at three sub-levels - 1, 2 and 3. (1), Clarendon Also, I strongly believe that these skills laid the foundation I needed to win a world prize for a subject in the ACCA Professional level exams and end up as the top affiliate of my batch. The size goes upfrom the smallest an Award, to a Certificate to the largest, a Diploma. This cookie is set by GDPR Cookie Consent plugin. Academic Level: No formal entry requirement. Most people can complete this level in 12 to 18 months. The BSc (Hons) in Applied Accounting is available exclusively to ACCA students and offers a cost-effective way to obtain an undergraduate degree. (8), Christ Church Face to face learning, at a centre convenient to you. The AAT qualification is perfect in that instance and, as stated earlier, it is highly sought after by employers. Qualifications Level II, Employer The Professional Diploma in Accountingis equivalent to an HNC level qualification, or the first year of a university degree. WebACCA Level II or equivalent Categories MEDICAL, NURSING, PHARMACY, HEALTH 0 PROCURMENT, PURCHASING, INVENTORY 0 SECURITY, LAW ENFORCEMENT 0 SENIOR MANAGEMENT 0 LEGAL/LAW (1) 0 TECHNICAL, TECHNICIAN, ARCHITECT, QA/ QS 0 Show more Levels Senior Managerial 0 Senior Staff 0 Supervisory 0 Trainee 0 Both qualifications require time and effort to pass the exams. SCQF Level 7 is equivalent to RQF Level 4, SCQF Level 10 is equivalent to RQF Level 6 and SCQF Level 11 is equivalent to RQF Level 7. iQualify UK is a UK registered organisation which was founded to provide the best in education through courses and qualifications for those previously excluded on grounds of finance or the need to work rather than study. Head Office: 11 Selsdon Way, London, E14 9GL Furthermore, the AAT exams focus on doing relatively simple transactions well. The Professional Diploma in Accounting is equivalent to an HNC level qualification, or the first year of a university degree. While ACCA is not a degree it self. In Pakistan HEC gives equivalency of Masters in Commerce degree once you become a member. Number: 1028790. (2), Georgetown Alternatively, if you have limited accounting knowledge, you may wish to start with AAT. Most people complete this level within six to 12 months. The ACCA Foundation in Accountancy (ACCA FIA) is a course for those looking to pursue a career in the accounting and finance profession as well as aspiring graduates desiring to further their careers in the field of accountancy by obtaining a qualification awarded by ACCA, a globally recognised professional accountancy body. Study when it's convenient to you, wherever you are. The qualifications can be used to develop recruits from secondary schools or to encourage those already working in accounts support roles to obtain formal recognition of their abilities. 179-191 Borough High Street, London SE1 1HR. The Total Qualification Time is assigned by the Awarding Organisation and is an estimate of the number of hours a student will reasonably be likely to spend under guided learning under the supervision of a tutor, plus the time spent in preparation, study or any other activity, including assessment, which takes place but isnt under the immediate guidance or supervision of a tutor. (5), Accounting Officer (4), Internal Audit Riyadh 12811. You may be in a situation where you need a basic accounting understanding to allow you to run your own business or work within an accounting role. The professional exams (CIMA, ACCA, etc) are recognised as equivalent to a Masters Degree but are a specialised qualification in their own right - ie. Spring College International was established in 2001. These will include financial processes, advanced bookkeeping, final accounts and ethical practices for accountants. All you need to do is sign up, and youll have access to some of the real study materials our students work with. Students will already be familiar with crucial and complex accounting techniques, advanced bookkeeping, financial processes and procedures, ethical obligations and practices for accountants, including preparation of final accounts. While you're part-qualified, you'll typically work as an associate or an accounts clerk, and earn around 23,000. This will allow you to build a foundation of knowledge and then potentially continue into ACCA if your studies go well. If youd prefer the flexibility to work while you study, but not lose out on achieving a university degree, then studying ACCA with the OBU degree in mind is a great option. There are many reasons why gaining the OBU degree while studying ACCA could be the best option for you. New Q2022 syllabus for AAT is launching in 2022. (1), Secretarial & Admin It comprises three modules, upon completion and passing examinations of the required modules, you will be eligible to pursue the ACCA Qualification with exemptions from F1-F3 exams. Our shop is equipped to fabricate custom duct transitions, elbows, offsets and more, quickly and accurately with our plasma cutting system. This cookie is set by GDPR Cookie Consent plugin. (69), Banking, Financial services & Insurance Study where you want, when you want, online. Each entry level qualification is available at three sub-levels - 1, 2 and 3. Both qualifications are valuable to your future career path. Dont worry we wont send you spam or share your email address with anyone. The Advanced Diploma in Accountingis roughly equivalent to A Level study. Relax, and (1), St. Ann Association of Chartered Certified Accountants, Oxford Brookes BSc (Hons) in Applied Accounting, Introduction to Banking & Financial Services, Data & Technology apprenticeships timetables, Professional Accounting Taxation Technician Level 4, Accounting & Taxation Professional Level 7, Information Communications Technician Level 3, Senior Financial Services Customer Adviser Level 3, Senior Compliance Risk Specialist Level 6, Find out more about ACCA Applied Knowledge, Find out more about ACCA Strategic Professional, Find out more about ACCA Oxford Brookes BSc (Hons) in Applied Accounting, ACCA Oxford Brookes BSc (Hons) in Applied Accounting. It depends very much on the current academic status of the individual and their eventual goal. If you work in accounts or have studied accountancy before, you may be able to start at this level, instead of doing Foundation first. (3), St. Thomas (3), Senior Accountant The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". As soon as you have completed the Applied Knowledge and Applied Skills exams, and the Ethics and Professional skills module, you may submit a Research and Analysis Project to Oxford Brookes University, which will be assessed by the University Business School staff. As a sixteen year old who had just completed my Ordinary Level examinations, I was looking for a flexible qualification in the field of Accountancy and Finance that I could pursue while completing my secondary education, as I always had a passion for numerical subjects. It does not store any personal data. You have accepted additional cookies. It shows commitment to learning; it proves a greater ability of research and investigation; and it also shows you can engage with finance and business dynamically and theoretically. (2), Antigua and Barbuda You can change your cookie settings at any time. It is a thriving global community of 241,000 members and 542,000 future members based in 178 countries. Great people and the best standards in the business. Youll learn about complex accounting techniques, and master a number of accounting disciplines. WebCourse Objective. from experience, and they offer support available until late, seven days a week. We have proven pass rates up to 100%* across multiple subjects and were the UKs largest accountancy training provider, with over 45,000 students training with us each year. It will take only 2 minutes to fill in. That's because the ACCA News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. WebEntry level. WebOpen doors to opportunities all over the world the ACCA Qualification is respected globally, and will help you to open doors wherever your career path may take you. Plus the Foundations in Professionalism Module. We provide course offerings across all four exam sittings for all four of our study options, WebACCA + Global MBA/Master in Finance and Investments Gain the focused accountancy skills of an ACCA qualification, and add the broader business and leadership expertise of a postgraduate degree. Therefore, it's double Bachelors degree One credit equals very roughly around ten learning hours. Great company and great staff. Our classes are offered both online and on-campus. The cookies is used to store the user consent for the cookies in the category "Necessary". We also use cookies set by other sites to help us deliver content from their services. For further information, please click into the link: Preparatory Course for ACCA FIA Diploma in Financial and Management Accounting (RQF Level 2), Preparatory Course for ACCA FIA Diploma in Financial and Management Accounting (RQF Level 3), Preparatory Course for ACCA FIA Diploma in Accounting and Business (RQF Level 4), 2016 Spring College International. This degree has been jointly designed by the University and ACCA to meet the requirements of a degree and also those of a professional qualification. You can complete Applied Knowledge in six to 12 months. in pursuing further accountancy qualifications Minimum Qualifications, and administrative reports. Again, these exams are taken at one of four sittings a year. Dont include personal or financial information like your National Insurance number or credit card details. Only available with AAT, ACCA, CIMA. It can be studied from the age of 16 and is used as an introductory qualification for young school leavers but also as a key tool for those joining the profession as part of a career change in later life. (9), Accountancy & Finance (3), Accounting Associate (5), St. James Our capabilities go beyond HVAC ductwork fabrication, inquire about other specialty items you may need and we will be happy to try and accommodate your needs. From here youre better qualified to apply for further education such as MBAs, PhDs or more specialist finance courses globally. Log in, Viewing 30 posts - 1 through 30 (of 48 total), https://www.cga-ontario.org/MRA_ACCA.aspx, https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/cpd/2016-FAQs-for-CGAs.pdf, https://www.bccpa.ca/become-a-cpa/programs/cpa-designation/what-are-mras/acca-and-cga-canada-mutual-recognition-agreement-(/faqs-for-acca-members/, https://www.accaglobal.com/us/en/student/getting-started/acca-qualification-structure.html, https://opentuition.com/acca/conversion_to_new_acca_qualification/, https://www.accaglobal.com/us/en/help/exemptions-calculator.html, Group SCF Acquisition disposal of subsidiary ACCA (SBR) lectures, The impact of financing (part 2) ACCA (AFM) lectures, Financial performance margins ACCA Financial Reporting (FR), Activity Based Costing Variances Variance analysis ACCA Performance Management (PM), This topic has 47 replies, 23 voices, and was last updated. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Simply, if you are entering accountancy training with very limited accounting skills then it would make sense to pick up the AAT qualification first as it gives an unmatched introduction to the skills needed at a basic level. The AAT papers are straightforward and if you do the work you will expect to pass them with some ease. Upon completion and passing the examination of Recording Financial Transactions (FA1) and Management Information (MA1), a certificate of ACCA Diploma in Financial and Management Accounting (RQF Level 2) will be awarded by ACCA Global. Webas directed Qualifications: Minimum Level 2 ACCA or equivalent 5 years experience in a similar position 3 Job Specifications: Responsible for the preparation & maintenance of all Accounting and statistical Save This Job Show More Accounts Clerk - Payables Associated Brands Industries Ltd Not disclosed Updated 08/02/2023 Castries As mentioned, you can get the OBU degree when you complete the Applied Knowledge and Applied Skills exams. The UKs Regulated Qualifications Framework (RQF) categorises qualifications in England based on their size, and their level of challenge or difficulty. This is why employers are often very keen to employ AAT students as the skills that they learn are directly linked to the needs of the company. Many people think that being an accountant is just number crunching. The Foundation Certificate in Accountingis equivalent to GCSE level of study. plus youll be able to plan ahead with up to 12 months of timetables. ACCA has two levels, fundamentals and professional. (2), Temporary full-time That's because the ACCA Qualification Applied Knowledge and Applied skills exams are considered equal to bachelor degree level. (1), Permanent full-time Foundations is a suite of awards from the ACCA that teaches you the fundamentals of accounting. (5), Accounting Assistant (4), Junior Accountant It takes around one year to complete the higher level subjects, if you start from the Diploma in Financial and Management Accounting (Level 2), and there is no time limit to how long it takes you to pass. It has more levels than the RQF. The average salary for an accountant in the UK is 62,000 a year, plus other benefits. WebThe BSc (Hons) in Applied Accounting is available exclusively to ACCA students and offers a cost-effective way to obtain an undergraduate degree. (2), Financial Controller (1), Not disclosed Applied Knowledge helps you understand the role of accounting in the business environment, and develop the practical skills and techniques expected of an accountant working in business. AAT has a skillcheck testyou can do to see which level of AAT to start at. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.