Essential Things - You Need to Know About the AAT Syllabus in 2020

"This is a guide to AAT accounting qualification syllabus for the year 2020. What do you need to know about AAT and assessments, synoptic and results? What about the job role and salary scales?"

KBM Training & Recruitment Ltd. (KBM) is an approved training provider of the AAT) – we are pleased to guide you about the essential things you need to know for the AAT Syllabus. This guide will include the following main points and FAQs:

  • What are the Necessary Things You Need to Know about the AAT Syllabus in 2020?
  • Which AAT courses can I study?
  • Can I study AAT at any age?
  • About AAT exams?
  • Where and When I can sit my AAT exams?
  • What is the Cost of AAT exams?
  • What are the AAT grades?
  • How can I re-sit the AAT assessments?
  • How can I become a member of AAT?
  • What are the Jobs when I complete the AAT qualification?

What are the Necessary Things You Need to Know about the AAT Syllabus in 2020?

AAT (The Association of Accounting Technicians) is a UK's leading professional accounting body offering skills-based accounting and qualifications.

If you're going to pursue your accountancy career or you want to gain accounting skills, AAT qualification will help you to achieve your career goals.

To gain AAT qualifications, you can select to Study Online instead of the classroom to provide you with more flexibility to adjust your studies into your life than ever before.

If you have considered studying AAT, you will perhaps have many questions before you make your decision to Study the AAT. So KBM put together all your queries and issues in a guide to know everything for studying AAT in 2020.

Which AAT courses can I take?

AAT offering a variety of courses in accounting and bookkeeping across three levels:

What is the route you will be studying depends on your current accountancy skills and knowledge.

Here's a quick breakdown of AAT's qualifications:

Award in Accounting Software

This small course includes the unit from the complete Foundation Certificate in Accounting and trains you to perform essential finance and admin roles through the use of accounting software.

If you are looking to get to grasp on the accounting software and you do not want other accounting training, then AAT qualification is ideal for you to take.

AAT Foundation Certificate

AAT Level 2 qualification will provide you with an introduction to accounting practices along with fundamental knowledge of accounting like double-entry, costing and bookkeeping.

Are you having no previous work experience in accounting or finance and pursuing to get your first role in the accounting industry?

You need to study five units; it has five exams which you will sit at the AAT approved exam venue.

Advanced Diploma in Accounting

AAT Level 3 qualification is most suitable to the individuals who already have completed the Foundation Certificate Level 2 or have some experience of practical working in accounting, and have a firm understanding of double-entry system and bookkeeping.

If you are accounting practice already and want to progress your career to the next level, then this course is perfect for you.

You will be studying six units covering modern accounting practices, which include final accounts, advanced bookkeeping and ethics for accountants. You will need to sit for five exams at the AAT approved exam venue.

After the course, you are a fully qualified bookkeeper; you can apply for the AAT bookkeeping membership.

Professional Diploma in Accounting

AAT Level 4 qualification is the highest level qualification at the AAT. Few people select AAT studies, you will need to be more knowledgeable and comfortable on everything that gained through the AAT Foundation Certificate and the AAT Advanced Diploma.

The course is perfect for you if you plan to go on a senior accounting job role, setting up your accounting practice, or you want a fast-tracking qualification to becoming a Chartered Accountant

You will study four core units; which will include management accounting and financial statements; then you need to choose two voluntary groups from the selection, which will consist of business tax and credit management. After all the units, AAT will assess via exams which should be sitting at AAT approved exam venue.

After completing the course, automatically you will become an affiliate member of AAT. You can apply for an AAT full membership (MAAT) or AAT Fellowship (FMAAT) once you gain the necessary Experience which a requirement of the AAT.

AAT Foundation Certificate & Advanced Certificate in Bookkeeping 

AAT is offering two bookkeeping qualifications if you are seeking to gain particular skills in bookkeeping. 

Still unsure about which AAT course is ideal for you, why not try the AAT Skillcheck test

The test is an online multiple-choice test, which only takes about 30 minutes to complete and gives your results at the spot.

Can I study AAT at any age?

If your age is 19 years or over you can gain the AAT qualification, but there is no age limit, it's never too late to get the change if you are seeking to have a career in accounting and finance industry.

How About the AAT exams?

At each level of the AAT, you will have a preset number of computer-based exams in the shape of the units and Synoptic Assessment.

Units assessment will test you what you learnt in the specific unit. The unit assessment is mostly multiple-choice questions but sometimes need the written answers to some questions.

Synoptic Assessment

Synoptic assessments will test the understanding of connections between the different topics studied. You should complete all the individual units before you sit for the synoptic exam.

Here is a breakup of each unit and how will the Assessment take place.

Foundation Certificate in Accounting exams:

The bases of Foundation Certificate are four unit assessments and one Synoptic Assessment. 

Unit assessments are:

  • Bookkeeping Controls
  • Bookkeeping Transactions
  • Elements of Costing
  • Using Accounting Software

In the synoptic Assessment, it includes the following Units:

  • Bookkeeping Controls
  • Bookkeeping Transactions
  • Elements of Costing
  • Work Effectively in Finance

Advanced Diploma in Accounting exams:

The Advanced Diploma consists of four-unit assessments and synoptic Assessment which includes:

  • Final Accounts Preparation
  • Advanced Bookkeeping
  • Indirect Tax
  • Management Accounting: Costing

Units covered in the synoptic are:

  • Final Accounts Preparation
  • Advanced Bookkeeping
  • Management Accounting: Costing
  • Spreadsheets for Accounting
  • Ethics for Accountants

AAT Professional Diploma in Accounting exams

The AAT Professional Diploma in Accounting has three mandatory unit assessments, two-unit assessments for elective units and synoptic Assessment 

The Mandatory unit assessments are:

  • Management Accounting: Decision and Control
  • Management Accounting: Budgeting
  • Financial Statements of Limited Companies

Units for elective choices are:

  • Personal Tax
  • Business Tax
  • External Auditing
  • Credit Management
  • Cash and Treasury Management

Units covered in the synoptic are: 

  • Management Accounting: Decision and Control
  • Management Accounting: Budgeting
  • Financial Statements of Limited Companies
  • Accounting Systems and Controls

Where and When I can sit my AAT exams?

You will sit for your AAT exams at an AAT-approved exam venue. You will take a unit assessment at the time of finishing studying each unit. The Exams will at the end of your qualification and when you feel prepared. Then, you will sit for the synoptic exam.

If you are studying AAT through a classroom environment, you will set your review at the learning venue. If you are studying AAT online, you will have to find the nearest exam venue by using the search tool.

You can sit for your exams in specific times of the year for each Level of AAT synoptic exam known as "Synoptic Windows" you can find here the timetable for synoptic review 2020.

AAT gives schedules frequently for the unit assessment - you may contact your nearest AAT exam venue to find out their timing for the Assessment. 

What is the Cost of AAT exams?

You need to pay between £70 and £80 for each AAT exam, which depends on which qualification you are gaining.

On top of your course fee, AAT exam fee is an additional cost; some providers may include them in your course fee. You need to sure to check this when they enrol you.

What are the AAT grades?

Your final result grades are as Pass, Merit and, Distinction. The AAT grades limits are:

  • Pass: 70 to 79%
  • Merit: 80 to 89%
  • Distinction: 90 to 100%
  • Fail: 70% Below 

How can I re-sit the AAT assessments?

Yes, AAT entitles you to re-sit the Assessment you fail.

However, there are some restrictions which to re-sits that can take yearly.

If your age is in between 16 to 19, and you are not an Apprentice, living in England and Wales, you will only have two attempts to pass each of the assessments for Foundation and Advanced level.

How can I become a member of AAT?

Surely! Studying the AAT qualifications and sit your exams, you have to join AAT student membership. You will also access to the additional AAT study resources and support to help in your studies for the preparation of your exams.

After the Professional Diploma, you automatically will become an affiliate member of AAT which will grants you access to advise & support from the AAT, technical resources and exclusive discounts options.

You can apply for the entitlement of full membership of AAT (MAAT) if you already possess some work experience in accounting and finance and you have also completed the Professional Diploma. MAAT will allow you to use these designatory letters "MAAT" after your name on your business cards, CV, emails and other messages.

The next step is to progress your membership to a fellow membership (FMAAT), which is the highest level of the group. AAT will allow you to upgrade the designatory letters to "FMAAT". The full membership for five years or more makes you eligible for the FMAAT.

What are the Jobs when I complete the AAT qualification?

When you are studying AAT qualification, this will help you to start or accelerate your career in accounting. Each level of AAT will prepare you for the next phase of the development.

Here is a quick guide that each AAT level can take you and the jobs you can apply:

Jobs Opportunities after AAT Foundation Certificate in Accounting

Completion of the AAT Foundation Certificate will enable you to start your finance career and use for entry-level job roles like:

  • Assistant Accountant
  • Accounts Administrator
  • Purchase/Sales Ledger Clerk
  • Accounts Payable Clerk
  • Trainee Finance Assistant
  • Trainee Accounting Technician

Jobs Opportunities after AAT Advanced Diploma in Accounting

AAT Advance diploma will prepare you to jump into a broad range of more advanced job roles like:

  • Assistant Accountant
  • Accounts Payable and Expenses Supervisor
  • Finance Assistant
  • Payroll Administrator
  • Payroll Supervisor
  • Practice Bookkeeper
  • Tax Assistant
  • Accounts Payable Clerk
  • Bookkeeper
  • Credit Controller
  • Audit Trainee

Jobs after AAT Professional Diploma in Accounting

After studying this course, you can set up your accountancy practice or apply for senior roles such as:

  • Cost Accountant
  • VAT Accountant
  • Senior Bookkeeper
  • Senior Finance Officer
  • Senior Fund Accountant
  • Senior Insolvency Administrator
  • Assistant Financial Accountant
  • Commercial Analyst
  • Fixed Asset Accountant
  • Indirect Tax Manager
  • Payments and Billing Manager
  • Payroll Manager
  • Accounts Payable and Expenses Supervisor
  • Tax Supervisor
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