The new Qualification 2022 has landed, ensuring AAT PQs can future-proof their careers in finance.
AAT’s new Qualifications 2022 (Q2022) suite was finally launched on 1 September, with the aim of ensuring that accounting technicians everywhere have the skills they need for a changing profession.
The association said the changes were needed to the qualification in particular because of the increasing use of new technology and software. Research also identified the new skills essential to accounting technicians of the future: analytical, advisory, and the ability to use technology.
To reflect these skills four new key themes have been embedded throughout the new qualification – technology, ethics, sustainability and communication – from being referenced at Level 1 to the ability to understand the impact and analyse the themes at Level 4.
New business units will also help develop a better understanding of a technician’s role in the workplace, and take them through all aspects of preparing financial statements and applying management accounting techniques. Q2022 will be assessed using ATLAS Cloud, the new assessment platform, which will, says the AAT, “ensure the assessments remain at the leading edge of online delivery”. The platform features enhanced features, includes the ability to view task instructions and reference materials side-by-side, and highlight key details, hopefully giving students a better assessment experience overall.
Other changes for Q2022 include:
• The qualification names will be changed from Access, Foundation, Advanced and Professional to Level 1, Level 2, Level 3 and Level 4.
• Three qualifications are being withdrawn – the current Access Award in Accounting Software, Foundation Award in Accounting Software and Foundation Diploma in Accounting and Business. Anyone wishing to study these qualifications had to register for them by 31 August 2022 and will have until 30 September 2023 to complete them.
• The Level 2 and Level 3 Certificate in Bookkeeping qualifications will now be graded in the same way as the accounting qualifications. A final grade will be calculated based on weighted results from unit assessments and students will receive an overall grade of Pass, Merit or Distinction.
• Synoptic assessments will be replaced by individual unit assessments, except for the Level 2 Certificate in Accounting which still has a synoptic assessment under Q2022.
• Q2022 students will now pay a one-off registration fee, rather than an annual membership fee, giving them access to the qualification for its lifetime (typically four to five years). This enables students to register for their chosen qualification, sit assessments and access AAT’s study support resources via a Lifelong Learning Portal, an online platform which enables students to manage their key resources and track their progress.
• Resit restrictions have been removed from all the Q2022 qualifications at this time. However, they may be applied to 16–19-year-olds who study the Level 2 Certificate in Accounting at a later date.
More information about Q2022 and the changes AAT has made is available on the AAT Comment website.