How do you know when you're ready to tackle the next chapter of the study resources? ITBK? Taken notes and watched the videos.
Please share your experiences.
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Been applying for entry-level finance and accounting roles and noticed the same topics keep coming up: cost behaviour, break-even, budgeting and variance analysis.
So I put together a blog-style PDF covering the basics, with worked examples, charts and a focus on how to actually explain these things in an interview.
It covers fixed/variable costs, contribution and break-even, flexible budgets, ZBB, rolling forecasts, variance analysis and some common KPIs.
The main thing I’ve realised is that interviewers don’t just want you to calculate a variance. They want you to explain why it happened and what you’d do about it.
I made it as part of a learning project I’m working on with Eixo Learning, basically turning my study notes into something actually useful for getting a job.
Figured I’d share it in case anyone else is currently applying for finance/accounting roles.
For anyone who has done business awareness, on the AAT practice papers there are reference attached to the top that have the principles listed etc. Almost like a cheat sheet or something.
Is that there in the exam because won't that give me multiple choice answers?
I’ve been working in industry for 5.5 years now, started in accounts payable titled as an accounts assistant then accounts receivable for a bit.
For the past 3 years I’ve been working as an assistant management accountant.
I should complete my AAT level 4 this year.
I want to start my own accounting firm offering bookkeeping services and management accounts.
I don’t want to be in the accounting game long term and thought ACCA is too much sacrifice for what it’s worth for me time-wise.
Only experience I don’t have strength in is VAT, Corporation tax and payroll although I have dibble and dabbled in it but theoretically I have strong understanding of it.
Has anyone taken this path here with advice for me?
(FYI I’m 24 with 8 months of savings plus business costs living with parents.)
After 2 years of self-studying level 3 & 4, I am officially AAT qualified as of yesterday.
Good luck to all on your studies!
I’m looking to study L3 AAT but I haven’t studied L2 and haven’t had lots of exposure to what would be covered in L2 - I’m looking into buying the books so I can study for L2, to then feel confident in moving to L3 with the foundations.
Is anyone selling the full set (workbooks and study books) for L2 and / or L3 in UK dated within the last few years that I could buy? I’ve looked on places like eBay and Vinted but can’t find a full set with all of them.