AAT or Automated Trading System is an internet-based trading tool for accountancy and banking. It was initially developed by Bank Reit Software Limited in Scotland and has been downloaded by millions of users. It is one of the best options available to educate people with a limited knowledge of accounts and finance. At level one, you start with a basic account tutorial which helps you learn how to use the system, the terminology and basic functions. Once you have gained access to level two, you start to learn the advanced functions and concepts aat level 2.
AAT Level 3 is the final level. This level offers a solid basic understanding of the discipline, if that is what you are interested in working in, and those already in the business. Level three covers topics from balance sheet analysis to trial balance, employing both computerised and manual techniques. If you are a qualified accountant, your skills will be further developed as you move onto level four, which is further education and training.
If you are interested in further learning about accountancy and want to build on your existing knowledge, you may want to consider studying further. If you are a qualified accountant already, it may be worth contacting your local accountancy body to find out more about further education and training. They will also be able to give you advice about applying for further qualifications. The Scottish Qualification Board can give you details on up-to-date qualifications, including aat level 3.
You can study further online, but it is important to remember that you will still need to work and gain practical experience. You will find that at the AAT level 3, there is no substitute for actual-life work. As part of your training, you should decide whether you would prefer to specialise in one area, such as financial accounting, or if you would prefer to have a mix of subjects and skills.
After you have finished your aat level two training, you will need to take an examination, either via the internet or in person. You will be expected to do a large amount of reading, and you should also have a large part in writing. If you want to specialise, you may need further study. For example, financial accounting requires further study, such as finance and accounting principles. You may also need further qualifications in order to become a chartered accountant.
You should keep all these facts in mind when you are considering your qualifications. Although the exam structure and requirements vary between the grades available in different exams, at AAT level 2, you are likely to be required to have a basic knowledge of accounting principles. At AAT level 3, you will need to have some additional qualifications, and it is generally a good idea to gain further qualifications if possible so that you can specialise in a particular area.