Hello to you all, Being new to the Book-Keepers Forum, I have read quite a lot of threads but cannot seem to be able to choose between the various associations, IAB, ICB or Bookcert as the correct choice of association. While I appreciate this is a subjective matter any help would be appreciated.
Having had a good career in management and admin I would like to learn some new skills so in the next year be ready to start a small book keeping business from home, so would like to have the correct qualifications for the future.
Could someone help settle the choice of route to take and advise on any reading matter to give me a head start prior to starting any course please.
Thank you for taking the time to read this, and any help/advice you may offer.
as you have no doubt noticed there are loads of threads on here giving advice on the best route to take.
Generally this falls into two categories. If you want to seek employment with the option to go self emloyed then AAT seems to be the optimal route.
If you only want self employment then IAB or ICB would work for you.
Bookcert is a business in a box type of sollution where you are taught the basics of bookkeeping and sage but it is not a supervisory body and you are not covered for MLR which you MUST have or suffer severe penalties including two years imprisonment and an unlimited fine.
Other alternatives similar to the Bookcert route could be the AAT ABC bookkeeping certificate or the Open University course B190 (might be B191) either of which will give you exemptions from many of the exams of the supervisory bodies.
Be careful with training providers as there are some extremely expensive ones out there and expense does not necessarily equate to a better service.
Two good and reasonably priced training providers are Premier Training and Ideal Schools.
For reading matter it all depends on your level of previous experience.
Assuming that you are a complete beginner I would suggest Business Accounts for Book-keeping and financial accounting courses (3rd edition) by David Cox. Osbourn Books. This book will be a desk reference for the rest of your career.
Match that with the AAT revision companion units 1-4 (all in one book) which will take you through all the basics of sales and purchase ledger.
A couple of introductory books that may also be of interest would be :
Mastering Accounting Skills by Margaret Nicholson
Mastering Book-Keeping by Peter Marshall
For a complete beginner you may wish to do the last two books first.
Note that unless you take the AAT route you do not need a training provider. You can just do everything from books and take the exams when you see fit.
If you read and understood the above four books you would sail through ICB levels I and II and maybe even III.
However, I personally would advise the AAT ABC bookkeeping or OU introduction to bookkeeping and then join the IAB by exemption.
Hope that this short note helped and welcome to the forum,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Indeed, AAT is best as it presents you all options. I have read articles of people completing all 3 levels in a year, so it can be completed quickly. Depends on your personal circumstances. Getting some Sage training is also important.
Here are some useful links: www.principlesofaccounting.com www.bpplmdev.com/demos/abc
The latter link is very useful in terms of gaining an understanding in this field.
Hi, Just wondered how long people find it takes to complete the AAT course to qualify as an Accountant. I know you need to have one years experience to get the MAAT bit but I'm going to be doing home study and just was wondering how long to bear in mind for this to take.. After much thought and lots of internet reading I have decided to go down the AAT route but am going to wait until the summer and they have combined the NVQ and diploma course ( which I beleive they are doing in june)..
It would be great to hear anyones personal experiences of time scales etc.. Thanks Annemarie
It all depends on how much time you have and your ability to pick things up.
I would say unless your a very intelligent person that doing all three levels in one year is a big ask. Two years sounds reasonable though, although providers claim you can do a level in 6 months I would say that depends on the above.
better to do the subject in two years and know the subject matter than to do it in one and just pass exams!
All too often people learn how to pass exams but don't really understand the subject matter.
Two years is a good investment of your time and I would stick with that as a plan.
good luck with it,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Hi Shaun, thanks for your comments. I agree.. 2 years is much more feasable for me... I want to do well in it, and feel confident in what I'm doing.. In the mean time whilst I'm studying I;m going to try and get some bookkeeping work to keep me going as I've got my ICB qualifications and just need to get my Practice licence and MLR now. Either part time on site or from home.. That way, I'm working and learning at the same time... plus I figure if I can work in the next few years I'll be more likely to know accountants and companies who I can hopefully work with to get my one years experience to be MAAT.. Thats my plan anyway... I just wish I had done this years ago... Instead of wasting my time in jobs I hated... Still, experience in something is better than experience in nothing! Speak soon AnneMarie
And then there were three.... Welcome to the club Guru Digga Bill (that sort of has a ring to it).
Fact is that you were always the Guru around here.
People can get to Guru status by posting 500 questions but you've done it as intended.
The only downsides now are having to answer all the fan mail everyday.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.