It’s a common question among those looking to go into accounting. There are no legal requirements that restrict you from carrying out accounting tasks in a professional capacity without gaining a qualification. So technically, anyone can call themselves an accountant.
The exception to this, however, is that you must be qualified in order to legally sign off the accounts for an organisation.
So, what’s the point in an AAT qualification?
AAT qualifications focus on technical skills such as auditing, budgeting, financial analysis, management accounting and taxation knowledge. The qualification also includes skills like team work and communication. Because the AAT qualification is very much skills-based, it is highly valued by employers.
AAT qualified Accounting Technicians can offer accountancy, taxation and related consultancy services to the public in the UK or Channel Islands, and they are regulated by a professional body. They are also required to keep up-to-date with their CPD, reassuring employers that they are equipped with the latest skills and knowledge.
There are many accountants who hold no qualifications, and have gained their skills from many years of experience within an organisation. However, any finance professional who is keen to advance their career should consider completing an AAT qualification. This will not only allow you to build up skills and experience, but will help you to become a really attractive candidate to employers in future.
With the AAT qualification under your belt, you can be more confident in delivering the various accounts related tasks, and it will also open doors to chartered accountancy, university and much more.