Everything You Need To Know About AAT


Everything You Want To Know About AAT (Well, Almost)

AAT is your route to a career in finance. But when you're at the start of your journey you've probably got a lot of questions. In this article, we hope to cover as many as them as possible.

Who are AAT?

The Association of Accounting Technicians (AAT) were established in 1980 and have over 124,000 members worldwide. It is the leading professional body for accounting technicians.

AAT champion the Accounting profession and work closely with the business world to ensure their syllabus focuses on developing real-world skills businesses need.

Are AAT qualifications widely recognised?

AAT qualifications are widely recognised by employers in both the United Kingdom (UK) and abroad.

Many job adverts will specifically request that the successful candidate holds an AAT qualification. This is no surprise given the length of time AAT has been established, the fact that OfQual regulates their qualifications and the active role that AAT takes in working with businesses when developing the syllabus. The current syllabus (Q2022), was developed with input from over 500 companies and employers and the qualifications are taught in colleges all over the UK.

What are the benefits of getting AAT qualified?

  • You will gain the knowledge & skills to thrive in entry-level roles
  • You will build your knowledge at each level which opens the door to more advanced roles
  • AAT qualifications are widely recognised by employers in the UK and internationally
  • You will gain sought-after practical skills: bookkeeping, budgeting, and financial analysis
  • It's more cost-effective than a degree with a shorter study duration
  • You can enter the workforce sooner and start earning
  • You will gain a solid foundation to pursue advanced qualifications such as ACCA or CIMA
  • Access to a vast network of accounting professionals, offering support and networking
  • Engage with peers and experts through events, forums, and online communities
  • Access to professional development resources which keeps members updated with the latest developments

Which AAT qualifications are available?

There are 7 AAT qualifications and the current syllabus is known as Q2022. Accountext offer self-study books and question banks for each AAT unit.

Short qualifications

  • AAT Level 1 Award in Bookkeeping
  • AAT Level 1 Award in Business Skills
  • AAT Level 2 Certificate in Bookkeeping
  • AAT Level 3 Certificate in Bookkeeping

Accounting qualifications

  • AAT Level 2 Certificate in Accounting
  • AAT Level 3 Diploma in Accounting
  • AAT Level 4 Diploma in Professional Accounting

The units in the level 2 and 3 short bookkeeping qualifications are also covered in the syllabus for the Accounting qualifications.

What is covered in AAT?

We have a detailed breakdown of the syllabus for the AAT Accounting qualifications on the following pages:

How are AAT qualifications assessed?

When you're ready to take an AAT exam, you'll be tested by a Computer-based Assessment (CBA).

Some of these are wholly computer-marked and results are available within 24 hours. Others are marked by a computer and by a human - and some are 100% marked by a human. These results are available within 6 weeks.

How many AAT exams are there?

There are four exams for the Level 2 Accounting qualification; one for each unit, but the Business Environment exam is a synoptic assessment where you will be tested on knowledge gained in previous units as well.

For the Level 3 Accounting qualification, there are four exams (one for each unit).

At Level 4, there are five exams - three for the compulsory units, and the remaining two exams cover whichever optional units you have chosen to study.

What are the pass rates for AAT?

The following pass rates are for all AAT computer-based assessments sat in the United Kingdom between 1 January and 31 December 2023.

Level 2

Assessment UK Pass Rate
Introduction to Bookkeeping 84.2%
Principles of Bookkeeping Controls 65.7%
Principles of Costing 77.0%
Business Environment 70.1%

Level 3

Assessment UK Pass Rate
Business Awareness 64.5%
Financial Accounting: Preparing Financial Statements 55.6%
Management Accounting Techniques 69.0%
Tax Processes for Businesses 67.4%

Level 4

Assessment UK Pass Rate
Applied Management Accounting 63.2%
Drafting and Interpreting Financial Statements 75.7%
Internal Accounting Systems and Controls 66.7%
Business Tax 65.2%
Cash and Financial Management 67.6%
Credit and Debt Management 58.7%
Audit and Assurance 85.2%
Personal Tax 55.3%
Source: aat.org.uk

How much are AAT exams?

Exam centre

Exam fees can vary depending on which exam centre you use. But as a general rule, AAT suggests that the fees can be from £37 to £66 depending on your study level. The exam centre usually charges an administration fee as well.

Remote invigilation

Since early 2024, AAT has introduced a phased roll-out of Remote Invigilation. This means exams can be taken from home instead of going to an exam centre. The assessment fees range from £38 to £68 depending on study level.

What is an AAT membership?

A professional AAT membership is what you are working towards by studying and gaining your qualifications. It is a symbol of the high standards of knowledge, professionalism, and ethics that employers associate with the AAT name.

There are three levels of professional membership.

Bookkeeping membership (AATQB)

This demonstrates your expertise to employers and clients. You can apply for this membership level after completing either the Level 3 Bookkeeping or Accounting qualification.

Full membership (MAAT)

This shows that you've completed all three levels of AAT Accounting qualification, and have gained work experience in finance and accounting. You can apply for this after completing the Level 4 qualification.

Fellow membership (FMAAT)

Fellow is the highest level of professional membership. You can apply for FMAAT status after being an MAAT for at least five years.

How can I study AAT?

There are a few different study options and many different study providers available.

Classroom

The classroom-based study option is the traditional route and means you'd attend a college or visit a private training provider. These are scheduled classes that are led by a tutor. Accountext study books and question banks are frequently used in classrooms.

Distance learning

This is also sometimes referred to as ‘online study’. It is regarded as more flexible as typically you would not be tied to a specific timetable. There are many different providers to choose from and each provider
includes different things but this should include some form of tutor support – this may be by email or phone (check with each provider).

Self-study

Self-study is emerging as an increasingly popular option and is a cost-effective way of studying AAT. A self-study student would work their way through study material on their own, at their own pace. These
materials may be study books or online resources, or perhaps a mixture of the two. This option does not include support from a tutor.

Accountext cater for self-study students and our resources were shortlisted for Study Resource of the Year at the 2024 PQ Awards. Study books are available for each unit but even if self-study isn’t your preferred choice - you can use our question banks to improve your preparation ahead of your exams.

Accountext offer self-study textbooks and question banks for AAT units across levels 2, 3 and 4.

Get your guide - The *almost* compete guide to how and why to study AAT Accounting

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