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Much better name!! Licensed Accountants :-)

LondinaLondina Experienced MentorMAAT, AAT Licensed Accountant Posts: 814
Oh finally the AAT changed the name from Members in Practice to "AAT Licensed Accountants", that's much clearer as it clarifies that:
1) we are also accountants (not just people with ACCA, ACA, etc..) and
2) AAT members who run their own practice, not that they are employees in a practice!


  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,432
    mrme89 said:

    Whether licensed or MIP, there will still be snobbery from other associations!

    Agree but I think it makes it clearer for our clients (not that mine care anyway).
  • TreadStoneTreadStone Feels At Home AAT Licensed Accountant Posts: 280
    I prefer the new term but as stated, most clients couldn't give two hoots what association you belong to.
  • LondinaLondina Experienced Mentor MAAT, AAT Licensed Accountant Posts: 814
    for whose who are not familiar with accounting terminology, "Licensed Accountant" makes more sense
  • JayB2606JayB2606 StaffordshireFMAAT, AAT Licensed Accountant Posts: 36
    it's a bit unfair to rag on the other associations isn't?

    - It's better to value people with experience not qualifications

    - AAT, ACCA and ACA are all highly respective qualifications

    - the term accountant is not restrictive anyway only the word 'chartered'
    ACCA, FMAAT, Licenced Accountant and ACCA Practising Certificate
  • knightyoknightyo HertfordshireRegistered Posts: 27
    Hi everyone. I am waiting to see if I have been accepted as an AAT Licensed Accountant. I hear this week (fingers crossed). This post has really cheered me up as I have experienced so much negativity in the past few months from 'friends' who I trained with about starting my own practice. Comments ranging from 'but you're not a proper accountant' to 'you can't you're only AAT qualified'. I consider myself an Accountant with over 16 years experience but it really did knock my confidence. Up until these last few months, I really didn't know this attitude existed. So this post and your comments have boosted my confidence. Thank you :)
  • LondinaLondina Experienced Mentor MAAT, AAT Licensed Accountant Posts: 814
    edited June 2016
    knightyo said:

    'you can't you're only AAT qualified'

    same here @knightyo , I received same comments from friends and recruiters who thought AAT can only do work up to Trial Balance and that's it :o

    Glad you find my post useful!

  • JawzJawz New Member West MidlandsRegistered Posts: 53
    I kind of like the new name, just for the fact that it says 'Licenced' in it. I think it may help to win those potential clients who are not 100% sure , the word licenced may give them that confidence in you. However, I agree @mrme89, definitely best to avoid those "know it all clients"

    @knightyo I can understand your frustration with negative comments like that, but honestly dont let them get you down! You probably found out that they're just envious of you doing your own thing!
  • knightyoknightyo HertfordshireRegistered Posts: 27
    @Jawz Thank you :)
  • T.C.T.C. Experienced Mentor Registered, Tutor Posts: 1,448
    Definitely makes us sound more "official" to non accounting people.
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