The AAT Foundation Certificate in Accounting encompasses a wide range of finance and accounting skills from five essential units: Auditing, Collections, Assessment, Data Valuation & Reporting. The Foundation Certificate in Accounting is usually awarded by an accrediting body such as the Institute of Chartered Accountants of England and Wales (ICAI Europe), the Chartered Institute of Personnel and Development (CPIED) in the UK, and the Institute of Chartered Accountants of Scotland (ICAS) in the United Kingdom. These organizations require candidates to have at least a working knowledge of one of the following subjects: accounts receivable, general ledger, journal of financial accounts, payroll, and trading. Candidates wishing to enroll must also be eligible to sit for the Foundation Certificate in Accounting within one of the above disciplines.
Once a candidate has gained entrance into this prestigious program aat level 2, he will need to take the examination. Candidates wishing to sit for the examination must first complete the Foundation Certificate in Accounting, in which they must demonstrate knowledge of the five basic accounting principles. These include principal balance, debentures, negotiable instruments, public traded companies and fair value. After passing the examination, candidates are awarded with the Foundation Certificate. Candidates can then apply for the certification examination offered by the Institute of Chartered Accountants of England and Wales (ICAI).
Becoming a certified accountant requires gaining a qualification known as the Foundation Certificate in accounting. The certificate provides candidates with a comprehensive understanding of key principles of accounting. It serves as the foundation upon which candidates begin their careers in accountancy. Candidates who obtain the foundation certificate in accounting can immediately apply for an accountancy placement. They can also request to sit for a refresher course upon completion of the certificate and upon acceptance into an accountancy placement.
Candidates who successfully completed the foundation course in accountancy and are now seeking suitable jobs can either look for a suitable role with an accounting firm or look for training providers that can train them for an accounting career. Training providers offer different kinds of programs and can be classified according to the type of institution, the training period, the curriculum and the number of students involved in the program. Training providers offering accounting training often use a standard framework known as the synoptic assessment system that ensures that candidates receive adequate training and they gain an understanding of the principles of accounting aat level 3.
Candidates who want to undergo a program that covers the entire range of accounting principles and can benefit from being trained by experts at different levels, can consider attending an online learning institute that offers this course. Online learning enables candidates to earn the foundation certificate in accounting without interrupting their current professional life. Online learning requires candidates to register with the online institute and complete all the requirements. Once registered, candidates can access lectures, tutorials, seminars, online discussions and other learning resources through the online platform. Once a candidate has fully taken advantage of the online learning experience, he or she will be able to understand the significance of the financial statements he or she studies and learn how to use the accounting principles to create accurate financial reports.
A candidate can also earn the foundation certificate in accounting through the traditional classroom setting. The teaching style employed in classroom sessions can vary depending on the educational institution that is conducting the course. Candidates who want to undergo a course that covers all the aspects of finance administration and is taught by experts will be able to earn the qualification that they need. With a good foundation in accounting, any individual can pursue higher qualifications in different fields of business and administration including entrepreneurship, human resources, IT and management and so forth.