Benefit of AAT

> @Bertie said:
> Just as an example at work I deal with, Fixed Assets, Costings, Prepayments, Accruals and etc
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> Thanks You haven't applied any of your knowledge gained from studying AAT?
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> I find that hard to believe.
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> To answer your question - I've always used my AAT knowledge, granted some areas require a more detailed knowledge of what AAT touches on the surface.
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> How long have you been there? Maybe time for a change of employment?

Thanks for your reply. The only knowledge that I have applied is Dr, Cr and depreciation of assets, everything else I feel like it has been a waste of time studying.
Not sure why a change of employment would help. In my previous role as a finance/accounts assistant while helping out management accounts team, again I did not have to apply any of my knowledge. Colleagues have mentioned the same thing as well and in the current place.

Examples: MABU - majority of companies never use flexed budgets, as they see it unnecessary. MDCL - cost variances, in practice they are worked out completely differently and much easier. Prepayments and Accruals - I never had to apply the 'PAPA' rule.

Bertie said:

I'm not sure why my post did not show your quote properly, maybe I deleted one too many BR tags -

Anyway.

If you're performing accruals and prepayments how are you doing them if it is not how you were taught from level 3?

As an assistant, a real one not one who is classed as one but has to perform processes of a seasoned pro - you will only be doing the basics.

I thought that as well, oh well.

Think I am answering my own question, as I am typing lol. Think it all depends in which industry we work at.

Accruals and prepayments - Dr Prep and Cr Rent, then release it over 3 months by doing the opposite. Dr Phone and Cr Accrual. Those are just examples (not from work).

I think you are right in that, it depends what level/position I hold. The further I progress the more in depth knowledge and understanding I will get.

One thing I will point is that AAT should implement more of excel into their syllabuses and more real life scenarios.