WHAT AATWA CERTIFICATION CAN OFFER YOU

Culled from http://www.ican.org.ng

THE PLACE OF AAT IN THE ACCOUNTING PROFESSION 

           In line with its statutory responsibilities, the Institute conducts examinations for prospective members who, on qualifying as Chartered Accountants, occupy top-level positions in various sectors of the economy. Below this level are the HND and B.Sc (Accounting) graduates who are not professionals. Thus, between the Chartered Accountants and their unsophisticated and diverse clients, there existed a vacuum that needed to be filled. This vacuum could only be filled by Accounting Technicians who are trained to understand and interpret the language of the professionals to the clients.  Similarly, many career civil servants who worked in Finance related positions and did not have the requisite qualifications to enable  them  advance  progressively  on  the job  or  eventually  become  Chartered Accountants  could  not  be  promoted.  Thus, there  was  the  dire  need  to  provide  middle level  accounting  certificate  for  these categories  of  personnel  both  in  the  public and private sectors of the economy. 

                The  Scheme  also  provides  opportunities  for the  graduands  to  attain  the  peak  of  the profession  by  aspiring  and  qualifying  as Chartered  Accountants.  For  this  class  of Nigerians,  the  programme  holds  out  a  dual advantage.  While they have opportunity to progressively advance  on  the  rungs  of  the  ladder  of  their   careers,  the  graduates  of  the  scheme  are   additionally eligible to register as students for the Professional Examinations and thereafter claim exemptions from the Foundation, Intermediate and Business Law in P.E I  levels. 

                To attain the above objectives, the graduates of the scheme need  to  be  adequately  equipped   with intellectual abilities and practical skills that  would  enable  them  function  effectively within  the  economy  and  if  they  wish,  pursue further  academic  and  professional qualifications. 

ADVANTAGES OF AAT 

* Holders  of  the  Association  of Accounting  Technicians  qualification can  use  their  certificate  to  proceed to  the  ICAN  Professional  qualifying examinations scheme and

 eventually  qualify  as  full-fledged Chartered Accountants.   

·  The  AAT  certificate  can  also  be used  to  secure  admission  into  a University to study B.Sc Accounting,  Banking  &  Finance, Economics,  Taxation,  Business Administration, etc. Many Nigerian  Universities  equate AAT  Certificate  with  ND (Accounting)  Upper  Credit  and, so,  admit  holders  into  200  level of a relevant degree programme.  This  is  particularly crucial  because  these  days, importance  is         University attached  to degrees by employers  of  labour  in  the Nigerian and global economy.

 * An  AAT  certificate  holder    can  work in  both  the  private  and  public  sectors of  any  economy  in  the  world.  The certificate  indicates  competence,   integrity  and  ability  to  take  on responsibility  of  an  accounting nature.  The  duties  that  might  be assigned  vary  from  organization  to organization.  They  range  from  more routine  to  technical  works.  In  the commercial  and  industrial  sectors, holders  of  AAT  certificate  should  be able  to  earn  rapid  promotion  to middle level management particularly  with  dedication  and  hard work  

·  Holders  of  the  AAT  certificates  are very  good  Audit  clerks  –  checking records and  conducting  bank reconciliations.    He/She  may  be  an  invoice  clerk checking  invoices  and  arranging payments.   Be  required  to  prepare  data  for computer  system  or  to  prepare accounts and statements of cash flow. Be  required  to  prepare  or  check PAYE,  VAT  and  other  tax returns.   May  also  be  involved  in  more technical  aspects  of  auditing, preparation of financial statements  and  budgeting.   Be  used  as  supervisors  in  some organizations  –  planning  and monitoring  the  work  of  other junior staff. These  are  just  some  of  the opportunities  open  to  holders  of  AAT Certificates.

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