When you study for the AAT exam, there are four main components that you should focus on. These include the Foundation Certificate in Accounting, Auditing Skills, and the Foundation Certificate in Accountancy. The Foundation Certificate in Accounting is designed to help you learn how to handle and process transactions that involve money. On the other hand, the Foundation Certificate in Accountancy provides you with a blueprint for how to work effectively in accounting and finance. You can learn all about these concepts by studying the various Foundation Certificate courses in the order that they are given aat level 2.
In the Foundation Certificate in Accounting, you will learn the basics of accounting, including managing data, budgeting, and basic bookkeeping. The first two courses in this section focus on preparing you with basic accounting knowledge so that you can succeed on the final exam. This class will also introduce you to the use of spreadsheets, journals, and other accounting software. You will also get a feel for the types of reports that can be created in accounting.
The next course in the set, AAT Writing and Business Knowledge aat level 3, puts practical examples into your learning. You will learn about ways to hire accountants and find the best accounting services around. It takes you through a process of choosing the right accountant and finding out what it takes to get the job done right. Most accountants will use AAT writing and business knowledge courses to give them a stronger foundation in accounting knowledge and the tools that they need to succeed. Some classes also integrate financial management and leadership courses so that you learn how to manage other employees and an overall company.
The third portion of the foundation courses is the accountancy part. You will learn how to create a balance sheet, how to do payroll, learn about income statement preparation, and understand the concepts that go along with financial statement analysis. This course may also include some bookkeeping courses as well to give you a complete idea of what you are dealing with.
The fourth course in the set, Managing Institute Accounting, focuses on leadership skills. You will learn how to plan projects, how to manage staff, how to train and develop employees, and how to keep the business running smoothly. This course is a great way to build your career skills and you will also get a better understanding of the bookkeeping practices that your employer uses.
The accounting courses in the set do not have all of the information that is covered in each of the other courses. This is okay as long as you are aware of the subjects that are being covered. In general, all of the topics that you will learn during the accounting foundation certificate include the financial statement analysis, the managerial skills needed to make the right decisions, the managerial skills needed to implement those decisions, how to create a balance sheet, and how to do payroll. You also will learn about the principles of taxation, how to control spending, and how to run the accounting department. There are numerous other courses that are offered as well, so it is going to be important for you to choose which ones are going to be the most beneficial for you.