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Hi Everyone!
I am currently studying AAT and completed Level 2 within a few months. Basically I am not sure what path is best.
Ultimately I want to study ACCA but not sure whether I should study the full AAT before ACCA? I have 8 years experience in Finance but not directly in Accounting. I am worried if I study ACCA without AAT that I may be over qualified for any roles
Thanks,
Sasha
Don’t wait any longer and start doing ACCA. With such experience you have, ACCA qualification will boost your career. Do you think potential employers value more your 8 year experience or AAT?
I presume you should be entitled to some exemptions but please check in ACCA website as I found ACCA does not sponsor AAT (source wikipedia).
If you are worried about accounting in ACCA I will tell you two things. My very weak side was always financial accounting but I managed to pass F7 and P2 first time so it’s doable!
There are only 3 out of 14 exams about financial accounting – F3,F7,P2. Can you see now how broad ACCA is apart from ‘financial accounting’.
Thank you for your reply.
Yeah I am not sure, I have Finance Experience but not Accountancy. At present I cannot seem to get an entry level job with my AAT Level 2 and worried I will be over qualified with no experience with ACCA.
Id have to do another 11 exams to complete AAT and be except from 3 ACCA exams so ACCA does seem more approachable to me especially as it is something I want to do.
Do I need to do an entry exam before I sign up? As I only have AS Levels but have completed AAT Level 2 so have somefoundation knowledge
No you just sign up pay admin fee and present scans of documents (or any other proof) for exemptions then you pay for exemptions as you would pay for normal exams.
Then you have to enroll for June 2015 session and choose your exams 🙂 pay the fees and start preparing.
Okay great thanks for your help. I wont be eligible for any exemptions as only done Level 2 AAT and not Level 3 or 4.
I will need to do all the exams sadly! I will have a think but am definitely considering going straight to ACCA
I wouldn’t bother doing aat. I did and I would say it has only helped me in f7 and f5 although I did get exempt from f1, 2 & 3.
Thanks Robert! Hopefully ACCA will let me register without having to do the foundation level. I have AAT Level 2, 4 AS Levels (Not full A Levels) and 10 GCSEs….here’s hoping!
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@Sasha , I think you should continue. From what I read on various sites, AAT really gives your preparation to ACCA/CIMA/ACA etc. Apart from the exemptions you get, you earn an extra qualification which most recruiters still see AAT as decent for entry level jobs. Plus you may want to do a few book keeping for your sidelines during your travel with ACCA, AAT prepares that for you. Mind you, ACCA is very restrictive on what you can do without their practising certificate. So say if your sideline book keeping business flourishes during your study on ACCA and you decide to extend your services to accounts, bam! you’re forbidden unless you resign from ACCA.
Also your level 2 AAT isn’t much for use for ACCA foundation paper (F1-F3) exemptions. You must finish level 4 to claim the three papers from ACCA.
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