The AAT Foundation Certificate in Accounting level 2 will be available from first teaching 5 September to teaching sixth date, which is normally 6 October 2021. The purpose of this foundation certificate in accounting is to provide grounding in the core financial management knowledge and skills required to progress to either a senior accountant or to further professional education. It will help prepare students to enter into the world of accounting my review here.
In this qualification there are five core courses that cover financial analysis and decision making and risk management using an action plan template. This knowledge will allow you to understand where your company is in the current financial climate and how this will impact your ability to meet its current and future needs. At the end of this foundation course you will have been given a glossary of terms and a certification of abilities that shows your understanding of these key concepts and skills needed for a successful professional accountant. As part of this qualification, you will have been assessed against certain competencies and you will know in what area you will need additional training to fulfil your needs.
In order to apply for the foundation course in accountancy at the second level, you will need to have taken part in the first part and gained an examination. You will need to provide an explanation of your learning so that you can be seen as competent to teach the second at level 2. In this part you will gain competency in reading financial statements, journals, ledgers, journal entries and daybooks. You will also have been provided with a glossary of terms relating to finance roles and you will know what skills are needed for finance roles.
Once you have finished the foundation certificate in accountancy, you will be expected to complete a topic on Auditing as taught in the AAT syllabus. This requires a detailed explanation of Auditing methods, their significance and how to apply them within a company. The syllabus also contains a PDF file which has all the requirements of the exam. This includes a detailed PDF document that have the definition of each term used in the AAT examination format, a glossary of terms associated with accounting and their meaning within the accountancy world and finally a concise explanation of a typical exam question. You should save the PDF file to your computer so that you can open it in a word processor and then copy and paste the PDF into a MS Word document official site.
After completing the foundations course you will be able to start the second part of the qualification offers, teaching on AAT level 2. This is the most comprehensive accounting training available. It covers almost all the subjects taught in the AAT syllabus and includes supplementary material such as tax rules, contract law, accounting information systems and statutory audit. All the material is taught at a high standard and the theory is put together in a way that makes it easy to understand and apply. Anyone wishing to become a Chartered Accountant with a Qualification Offer in Australia after level 2 will therefore need to undertake this training as soon as possible. Anyone hoping to go further and gain higher qualifications need to start their studies as soon as possible and this means undertaking the relevant courses on top of any basic accountancy training already completed.
The foundation certificate is the first of the three mandatory units that make up the qualification offer in Australia. This unit is designed to explain to students the structure of accountancy and how it relates to the professional world. It will also explain to them the relevance of accounting to their chosen career paths. The third mandatory AAT level 2 certificate is usually provided by a choice of a community college or an approved tertiary institution, depending on the choice of study.