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AAT or ACCA? Which one should I choose?
When looking at accounting qualifications, these are probably the two you’re going to come across most often. But it can be hard to work out which one suits you best. It all depends on your experience and career aspirations, so we’ve laid out a few differences and comparisons to help you decide.
What is AAT?
AAT stands for The Association of Accounting Technicians. This qualification is your first step into accounting, and one of the main qualities you need to begin the course is enthusiasm.
What is ACCA?
ACCA stands for The Association of Chartered Certified Accountants. This qualification is aimed at those with some previous qualifications. To start Applied Knowledge level, you will need to have at least two A levels and three GCSEs, have done AAT or have extensive experience in the industry.
You can start at Foundation level with no experience or qualifications, but you might want to consider AAT if you’re at this point.
What careers can I expect from AAT and ACCA?
AAT is ideal for aspiring accounting technicians, as well as bookkeepers. Roles you could be considered for after completing AAT include:
Assistant Financial Accountant
Junior Commercial Analyst
Assistant Fixed Asset Accountant
Most people earn between £13,000 and £26,000 after becoming fully AAT qualified. However the kinds of roles you will be suitable for, as well as your potential salary, will change with experience as you move through your career.
ACCA prepares you for more advanced roles, such as:
The full ACCA qualification is considered equivalent to a master’s degree, and those who have achieved it can rise to top positions, such as Chief Financial Officer.
What’s the difference in length of study?
To become fully AAT qualified usually takes 18 months, but does depend on how you’re wanting to study.
ACCA takes a minimum of three years, because you need at least 3 years’ work experience before you can become an ACCA member. Most people take a little longer so they can fit in their exams and work experience.
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