Foundation Certificate in Accounting provides a great starting point for anyone who wishes to pursue an accounting career. This accredited qualification will prepare you well for entry-level and junior accountant roles. It offers a solid base in accounting fundamentals, covering topics such as basic costing principles to balanced double entry bookkeeping, covering both the broad and narrow aspects of accounting. The main goal of the AAT Foundation Certificate in accounting is to provide a strong foundation in the core financial accounting knowledge and skills required to progress through the various ranks in an accounting career aat level 2.
Foundation Certificate in Accounting offers two main skills requirements which are based on the key concepts from the foundation certificate. The first skill requirement covers the core costing and control principles, covering the core modules such as controlling costs, accounts receivable and payables and managing inventory. The second requirement requires students to demonstrate proficiency in using financial software such as Quickbooks. The second requirement requires students to undertake a project or series of project applications within a specified time period. Learning materials provided with the qualification include a series of textbook, workbooks and study guides.
Foundation Certificate in Accounting offers many potential benefits to those who are looking to progress through their accounting career. The first benefit is that individuals with this qualification are already aware of key processes involved in accounting, including costing and control, basic costing and the use of financial software such as Quickbooks. Candidates who have gained a Foundation Certificate in Accounting before can focus on these concepts, while those who have not may be provided with additional resources based on their qualifications. These individuals can learn more about the terminology and other processes associated with accounting, as well as gain further understanding of how to audit and prepare financial reports aat level 3.
One of the advantages for those looking to achieve a qualification in this area through an at a foundation course is that it allows for full accreditation when it comes to the relevant professional body. The AAT foundation certification is recognized by the Chartered Institute of Accountancy (CHEA), which accredits those who have attained a qualified level of an accountant, and provides evidence of their knowledge of accountancy practices. There are also several regulatory bodies around the world who offer accreditation to those who have qualified in an at bat certificate. These bodies include the Institute of Chartered Accountants in England & Wales, the Chartered Institute of Chartered Accountants in Scotland, and the Institute of Chartered Accountants in Ireland.
In order to become eligible for a Foundation Certificate in Accounting, you will need to successfully complete the foundation’s preparation coursework. The course will cover key concepts and key processes in accounting, as well as introducing you to the various modules and components included within the modern accounting framework. This includes learning about the importance and roles of the accountant, the general public, the firm and creditors, management and leadership, taxation, risk management, and ethics. You will also learn about the various entry-level qualifications that are required in order to become a professional accountant. Some of these include the key skills test and examination, project management techniques, the IFRS bookkeeping principles, and client handling skills. Other classes include accountancy law and ethics, government and corporate finance, risk management, and company and credit risk.
Once you have successfully completed your art foundation courses, you will be able to demonstrate your understanding of accounting principles, and the related concepts and practices through your practical and theory exams. Once these have been passed, you will be able to apply for a bookkeeping qualification. This will provide you with the necessary foundation that you require to qualify as a bookkeeper, junior accountant, or associate accountant. In order to obtain your bookkeeping qualification, you will need to have at least a high school diploma or a degree, although higher qualifications are available.