Tuesday, 4 August 2020

Career Progression after the AAT Accounting Qualification

There are so may opportunities after the AAT 

1. Getting a good job in the accounting or financial services sector. 
2. Achieving professional MAAT status
3. Becoming a chartered accountant 
- Options are 
- ACCA 
- CIMA 
- CIPFA  
- ICAEW 
- ICAS 
4. Become a tax specialist 
5. Join the education industry 
- Options are 
- Lecturing 
- Tutoring 
- Trainer 
- Creating new learning materials 
6. Head to university 
7. Writing and thought leadership 
8. Lobbying 
9. Become self-employed and start your own business 
10. Offer consultancy services 


AAT Accounting Apprenticeship Course via The Training Place of Excellence

The Training Place of Excellence 
AAT Accounting Apprenticeship Course 

The Training Place of Excellence aims to provide high quality accounting training, apprenticeships and work placements to enhance the career prospects of individuals pursuing a career in accounting and finance.  

We focus on providing a vibrant learning professional environment for all students in order for them to achieve excellence in their qualifications and work. 

Our training is geared to provide individuals with the necessary practical skills to complement their accounting courses and qualifications to enhance employment skills. 

We have carefully structured each of our accountancy training programs in order for each candidate to get the best of skills needed to compliment their current knowledge and experience to get into an accounting job in the current employment market.   

Structure for our apprentices 

Students are expected to attend classes one day a week completing the AAT Accounting Qualification alongside working within the accounting and financial services sector. 

Initially, students that lack accounting experience will be placed in a voluntary role with St Mary Accounting Services, where they will take on the role of an accounts assistant and shadow a chartered certified accountant, working on live client accounts. 

The work experience consists of tasks such as 

Cashflow forecasts 
Accounts Receivable duties 
Accounts Payable duties 
Bookkeeping using Sage, Xero and Excel 
Management Accounts 
VAT 
Payroll 
Annual Accounts, Taxation and many more 

Placements and Apprenticeships 

Students are given a job strategy and a fair opportunity to be put forward for our roles within the accounting and financial services sector. 

Additionally, students receive support in interview preparation and marketing themselves for attractive apprenticeships and employment opportunities. 

Furthermore, once students are placed into suitable roles they stop attending work experience to accommodate for their employment with our clients.

Monday, 25 June 2018

Interviewing Techniques - Part 5


INTERVIEWING TECHNIQUES- PART 5

Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview.

In the first blog on interviewing techniques, we mentioned a few bullet points which we are continuing with in this blog.

AT THE END OF AN INTERVIEW, ASK AT LEAST ONE QUESTION
Never say, no I don’t have any questions. Always prepare a few questions about the role, about the accounting system or internal control being adopted by the organisation.
I usually say, this is a final opportunity for you to throw in a bit of accounting knowledge and accounting terminologies before you leave the interview room. If the interview session has not given you the chance of speaking about your accounting knowledge, then you may want to ask a question that lets you show a bit of such. For example;
·         what is the sales invoicing system adopted by the organisation
·         does the department use any books of prime entries and are these manual or electronic systems
·         does the organisation maintain a purchase ordering system and how effectively is this maintained. Will this be part of my role?
·         does the organisation maintain manual salary journals or are the payroll details electronically connected to the accounting system (if this has any connection with the role)?
You will agree with me that these are not the usual generic sorts of questions you will find an individual asking, but questions like these, will make you stand out a little better.
Ha!, but how will you ask a question like this if you don’t even know what a sales invoicing system is or what books of prime entries are or what a purchase ordering system is or what salary journals are?
Then get on with it;
·         gain some experience,
·         learn about how accounts work in the real world, and
·         start talking about accounts; and
·        the next interview will be a lot better than the last.


WISHING YOU ALL THE BEST from:
THE TRAINING PLACE OF EXCELLENCE

Friday, 22 June 2018

Interviewing Techniques - Part 4


INTERVIEWING TECHNIQUES- PART 4

Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview.

In the first blog on interviewing techniques, we mentioned a few bullet points which we are continuing with in this blog.

NEVER ANSWER A QUESTION AS “NO”:
Never say no to an interview question, even if you do not know anything about what was asked. Instead, I always say, answer the question like a politician. Think of anything which you know may relate to the subject asked and try to get a closely related answer.
For example, if you are asked; do you know how to use Quick books and maybe you have never used this before, rather than saying no, you may want to consider saying something like;
“I am able to use Sage 50 confidently up to trial balance level, but not Quick books, but I also know that all accounting software are built on the same double entry principle and with little guidance I will be able to use Quick books confidently”.
Notice, I have not said no I don’t know how to use Quick books, but I have implied it anyway, but in setting an answer like above, you are giving yourself a fighting chance in getting the job.
Notice, also in this answer, there is a trace of using accounting terminologies- Sage 50, trial balance, double entry principle. This will show, you don’t know the exact subject being asked, but you are still reflecting signs of knowledge in accounting. You never can tell, the company may be willing to train you on the aspects they may find lacking if they are convinced you have other strong accounting qualities.


Ability to swing a question to your advantage, does not come easily, it comes with practice and loads of practice. So get on with asking yourself questions and speaking out answers to such questions, using the right accounting terminologies.



WISHING YOU ALL THE BEST from:
THE TRAINING PLACE OF EXCELLENCE


Thursday, 21 June 2018

Interviewing Techniques - Part 3


Interviewing Techniques - Part 3
Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview.

In the first blog on interviewing techniques, we mentioned a few bullet points which we are continuing with in this blog.

Use Accounting Terminologies:
This is very important in dealing with interview questions. Employers are looking for people who have the experience, so the more you are able to shine this out the better your chances are of getting the job.
For example, if you are asked, “can you carry out bank reconciliation?”
Answer- Yes I can. I have to make sure all data entry is carried out and I click all transactions that appear on the bank statement and then match. The difference at the bottom should become 0 and then I click reconcile.
Compared to:
Answer- Yes I can. I have to make sure I post all the customers invoices into the sales ledger, I then post all suppliers invoices to the purchases ledger and all bank postings have to be carried out in the bank ledger. Once all these posting have been done, the double entry effect can be checked in the nominal ledger for accuracy of postings. I am then ready to proceed with the bank reconciliation and this means I have to go to the bank ledger and click on reconcile ….
Notice the second answer has a lot of accounting terminologies and in getting an answer with such level of terminologies will make you stand out from someone that just refers to data entry or posting of transactions.
You have to bear in mind that using the right terminologies is very important and this has to flow smoothly in your answers. The ability to do this doesn’t come naturally; it only comes with practice and loads of practice for that matter.
So I will strongly encourage you to get talking. I call it “TALK THE TALK”.
Ask yourself questions, and speak about the answers to anybody who will listen to you- family member, friend, pet- a dog or cat who will give you audience. If you don’t have any of these, sit yourself down in front of a mirror and watch yourself answer these basic questions and loads more:
·         How do you post customers invoices
·         How do you post suppliers invoices
·         How do you set up or rename a nominal code
·         How do you generate remittance advice for suppliers
·         How do you carry out bank reconciliations
·         How do you post salary journals
·         How do you account for accruals
·         How do you account for credit notes
·         How do you make refunds to customers
These are all basic questions, do you know the answers to these. If you don’t, you need to get some work experience in accounting and then build on that.
See yourself apply accounting terminologies in answering each of these and you will notice that the answers you give to each of these will get better and better as you practice.
Please make sure that you are speaking out the answers, don’t just play it over in your head and think you know it, because you may not be able to speak it out confidently and smoothly.

WISHING YOU ALL THE BEST from:
THE TRAINING PLACE OF EXCELLENCE

Wednesday, 20 June 2018

Interviewing Techniques - Part 2


Interviewing Techniques - Part 2
Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview.

In the last blog, the first point mentioned was the issue of confidence and then using work related scenarios within your answers.

CONFIDENCE & PERSONALITY:
Make sure that you express confidence when answering your questions. Do not fidget or slouch into the seat and maintain eye contact. It is easy to pick up an individual’s confidence or lack of confidence at an interview, so coach yourself in being able to answer questions knowledgeably and confidently.
Add some nice and warm personality to the confidence. Try to give a nice smile when necessary or where you see the opportunity for that.
Remember accounts people are seen as boring, so try to show the potential employer that you are not that boring (ha! maybe just a little boring).

WORK RELATED SCENARIOS:
You want to constantly review scenarios and encounters you have experienced at work and develop standard answers for general questions which could be asked at interviews. For example, a question about your team playing skills, communication skills, ability to work under pressure, ability to apply initiative etc.

Team playing skills:
You can speak about how you currently work in a small team and you have had to multi-task and assist others with their duties in order to make sure we are all effectively meeting tight deadlines within the group. You may be responsible for sales invoices, but you also offer assistance in processing purchase invoices, so that the bank reconciliations and the management reports can be completed on time for the board meeting. (Expand on this).
Think about scenarios and replay these scenarios again and again. Have them readily available in your head so that you can reach out to an applicable one for questions you are asked. As you don’t know the question you would be asked, have a few scenarios always ready.

These scenarios don’t always have to be accounts related, they don’t always have to be work related either, but it is best if most of them are accounts work related, as this will help you shine out your accounting skills.
The next best advice to offer you will be to sit in front of a mirror and practice using scenario based answers. Ask yourself simple questions and see how you answer and continue to practice to improve your confidence and ability to answer interview questions.

WISHING YOU ALL THE BEST from:
THE TRAINING PLACE OF EXCELLENCE

Monday, 18 June 2018

Interviewing Techniques - Part 1


INTERVIEWING TECHNIQUES- PART 1

Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview.

Bear the following points in mind:

·         Be confident in your answers and how you relate them across.
·         Use as many work related scenarios in answering your questions as possible.
·         Use accounting terminologies as much as possible.
·         NEVER say “NO” to a question.
·         Always ask one or two questions at the end when given the opportunity to do so.
·         Start and end with a firm handshake and greet the interviewers using their names, where possible.

In the next sets of blogs I will be expanding on each of the above bullet points, so I encourage you to read through these if you are seriously looking for work.

 WISHING YOU ALL THE BEST from:
THE TRAINING PLACE OF EXCELLENCE