ACCOUNTANCY

The accountancy sector and the services it provides is integral to the stability and growth of business, and the economy as a whole. From ensuring that company finances remain 'healthy,' to analysing if an organisation can afford to expand or diversify, professional accountants are an integral part of any business.

"The AIA Professional Accountancy Qualification equips you with the skills and expertise you need to succeed in huge variety of accountancy and finance roles."

You can choose from four accountancy qualifications: the Level 5 Certificate in Accountancy, Level 6 Diploma in Accountancy and the Level 7 Diploma in Professional Accountancy, which can be taken as stand-alone qualifications or can be combined, along with three years' Initial Professional Development (IPD) for the AIA Professional Qualification, giving you a clear and achievable route to qualifying as an accountant.

AIA’S QUALIFICATIONS ARE CHANGING

Ofqual (The Office of Qualifications and Examinations Regulation) – the  regulator for qualifications, exams and assessments in England and vocational qualifications in Northern Ireland – announced at the end of last year that they would be withdrawing the Qualifications and Credit Framework (QCF). On 1 October 2015 they launched the Regulated Qualifications Framework (RQF), the framework that will replace the QCF.

Please click here for more information from Ofqual about the changes.

WHAT DOES THIS MEAN FOR YOU?

The changes will have little impact on you, the AIA Level 5 Certificate in Accountancy, Level 6 Diploma in Accountancy and Level 7 Diploma in Professional Accountancy will all continue to be available to study and will be regulated by Ofqual.

The structure of the three qualifications will follow that of our Professional Qualification, so there will be 16 exam topics, rather than 19 units.

The exam regulations will also be brought in line with the Professional Qualification, which means that you can enter the exams online and receive your exam results online – making it easier for you to track your progress and to make sure you don’t miss those all important deadlines.

This means that all AIA students* have a clear path to qualifiying as an International Accountant, achieving stand-alone qualifications at each key step in their journey, and increasing their employability as a result.

Professional accountants work in all business sectors, including private practice, the public sector and the commercial sector. Private practices range from large multi-national firms, which offer a broad range of audit, accountancy, taxation, and consultancy services, to small and mid-tier accountancy firms who operate on a local basis. Accountants work across all industries, from pharmaceuticals to music companies, and it is not just the private sector and commercial organisations that need skilled accountancy professionals. Public sector organisations such as schools, the government, charities and other non-profit making organisations also require their finances to be carefully managed.

Accountancy as a profession offers a range of specialisms, including financial accountancy, forensic accounting, corporate finance, and tax consultancy. More information about accountancy job profiles can be found on the Directions website, created by the UK Financial Skills Partnership.

* AIA’s international variant papers fall outside the scope of Ofqual.