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Hi,
here is my situation: I want to begin an accounting qualification but I’m not sure which one. I am a engineering graduate, and feel lucky to have only just obtained a lower second class degree. I want to start accounting asap but should l I take AAT or ACCA to help me get a job and experience. If AAT how many levels of AAT should I take?
If I start ACCA I hear that I will have to fund myself to professional level in order to get a job, this becomes quite expensive for me and I will not find a job until I have completed it. AAT is a basic qualification but the job prospects are better for me. But I need an experts opinion.
thank you.
I have degree in chemistry and had no accounting background when i studied for ACCA. I completed first time passes. I had to fund myself, while earning meagre amounts.
Why did I choose ACCA versus CAT/AAT…simple logics. If I was going to commit to accounting then I would ultimately need to study for ACCA. So I found it pointless to study for 9 subjects at CAT just to get 3 exemptions in ACCA. resulting in me doing 20 exams in total, as opposed to 14 exams in ACCA alone.
Cost is an issue I know, but so is time. The longer you take to get to the ACCA qualifications, the more time it will take to complete, the longer it will take to reach your true earning potential and bearing in mind that as each year passes, you will get older, then the more younger persons you will have to compete with for the job you are going to want.
Some ways I helped manage my costs were:
1. Undertaking only the number of exams I could afford to study for (both from a financial point of view as well as timewise)
2. Purchasing textbooks and making full use of them.
3. Only attending classes for the courses I truly needed to (self study for 11 out of 14 papers) and I used the classes I attended mostly to make contacts in the accounting world.ACCA has now sweetened the deal even further by offering a discount for early exam registration (i used to drag out paying my exams to the final moments just so I could manage my cash flows)
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