What's expiry on each Level of AAT

jojobunny8510

Hi All
I've completed Level 2 and 3 but been struggling with Level 4.
I had to re-do the level 4 course twice and the last one i attended was from Sep 2013 - June 2014 and i only managed to complete the Internal Controls & Acc system (Project) and Financial Statements.. Since then i've decided to take time off and go travelling and now i want to go back and re sit the following level 4 exams which i failed on:

Budgeting
Financial Performance
Credit Control
Personal Tax

My question is, how long do i have before my level 4 becomes invalid and i have to re do ALL units for Level 4? I heard from one person it was 2 years from when i started the course? So am i right in thinking i have until Sep 2016 to complete the above courses?

Please help!



Thanks

ChristianB

Hi @jojobunny8510

Strictly speaking, there isn’t an expiry date on your studies, per se.

What can happen (and what has happened recently) is that OFQUAL (the regulatory body which oversees the AAT Qualification) will update our syllabus, which means some material can become redundant and some material needs to be studied in a different way.

In this scenario, certain AAT units need to be drastically updated or done away with all together. This can mean that students can lose modules that they have previously passed, if they have yet to complete a level.

When did you start AAT? If it was pre-2010, then you could have a problem and may have to resit all of your Level 4 units. If it was after, you’d just have to resit ICAS. The reason being, in September 2013 we launched a new set of standards called AQ2013. Students had until 31 December 2014 to complete the AAT Qualification on the old set of standards (called AQ2010).

ICAS was the of the modules which needed to be updated to fit into the new standards. It is now called ISYS.

Financial statements wasn’t affected, so you’d be able to transfer that over to AQ20103. To complete Level 4, you’d have to complete:

ISYS (formerly ICAS)
Budgeting
Financial performance

And two specialist units (you’ve suggested Credit control and Personal tax).

I appreciate this is a lot of complicated information so if any of it is confusing to you, I’d strongly advise you contact our team on the phone (020 3735 2468) who can take you through your options.

Many thanks

jojobunny8510

Hi Christian

I started Level 4 back in Sept 2013 and I was aware of the changes to ICAS as I had to take an additional exam for this.
My question is how long do i have to complete FP, Budgeting, Personal Tax and Credit control?
If you're saying there isn't an expiry date then is it safe for me to say i can take my time studying these 4 units between now and end of this year?
I'm hoping to complete it by the end of 2015.

ChristianB

Yes, you can take your time. AQ2013 is still quite new so it will be a few years now before a new set of standards come out.

Artemmia

Hello,

I am in a similar position as Jojo. I have been studying AAT Level 4 (AQ 2010 standards) and was part through the level with only ICAS 2010 left to complete when I had to discontinue my studies 2 years ago. I wish to complete my AAT studies now and transit to AQ2013.

I have successfully passed all below subjects:
Financial Statements
Financial Performance
Budgeting
Personal Tax
Business Tax

Does it mean I will have to retake all of them again plus do ICAS/ISYS 2013?

Many thanks

ChristianB

Hi @Artemmia

Did you start studying AAT on AQ2010, or the older NVQ standard (pre 2010)?

Regards

Artemmia

Hi Christian, Yes my qualification standard was AQ2010 from the very beginning.

ChristianB

Then you're all set! You can continue you studies on Level 4. You won't have to redo anything, as the only change to Level 4 on AQ2013 was the ICAS/ISYS project.

Regards

Artemmia

What a relief, thank you for the clarification. I thought I would have to retake all the exams once again since I was late for the closing date of 31st December 2014 to complete AQ2010.

Thanks again

ChristianB

Nope, the deadline was only to get you to complete a transitional assessment for ICAS, if you already passed that unit.

JOL

I passed my Financial Statements Level 4 in August 2011 on pre AQ2010 standards and all other core subjects like Budgeting. I only have Cash Management left on AQ2013. AAT are saying I have to retake all my core subjects again as for AQ2013 or AQ2016, as you can't transfer units more than once? But on my AQ2010 statement of Achievement it says against all my old NVQ units Result : AAT Assessment Exempt. So for the last 3-4 years I thought I had exceptions for all my core units. Is this correct I've got to retake?