Accounting is one of those fields that are required in all types of businesses irrespective of what domain or what sector the business is operating in. Thus accountants and accounting technicians are always in demand. CAT and AAT are the two highly regarded qualifications that are required to become professional accountants.
CAT vs AAT
The main difference between CAT and AAT is that CAT is an exam that is conducted by ACCA, which is an international organization that implements accounting standards for professional accountants. On the other hand, AAT is a test that is monitored by the Association of Accounting Technicians which is a London-based organization.
CAT is a professional accounting exam that is a highly regarded qualification for professional accountants. It is administered by ACCA. ACCA is an international organization that establishes the standards for professional accountants. Thus CAT is an international qualification and is accepted by companies in all the major countries of the world.
AAT is a test for professional accounting technicians. The test is offered by the Association of Accounting Technicians which is a London-based organization of professional accountants. It is a very old organization and it operates on a global level. The test scores are accepted throughout the UK and also in other commonwealth countries.
Comparison Table Between CAT and AAT
| Parameters of Comparison | CAT | AAT |
| Definition | It is an international junior level qualification for professional accountants | It is a test that is required for qualifying as professional accounting technicians |
| Administering Organization | CAT is administered by international organization ACCA | AAT test is conducted by the Association of Accounting Technicians which is a London-based organization |
| Acceptance | CAT is a globally recognized course and is accepted in all major countries | AAT test is offered by a UK based organization and it is accepted in the UK, US, and all the commonwealth nations |
| Syllabus | CAT syllabus covers all the fundamentals of accountancy | AAT syllabus is wider and broader and it also includes modules of finance |
| Outcomes | CAT qualifiers become members of CAT alumni and can work in different multinational organizations at junior accountant levels | AAT qualifiers can work in different finance fields. They can even pursue Chartered Accountant qualifications. |
What is CAT?
CAT stands for Certified Accounting Technicians. It is a qualification offered by the international organization ACCA. CAT is one of the highest qualifications for professional accounting aspirants.
ACCA or Association of Chartered Certified Accountants is an international organization that sponsors CAs and other professional accounting technicians.
The organization influences and establishes rules and standards for accounting professionals across the world. The organization also conducts CAT and other CA qualification exams.
CAT is a junior-level qualification, which is usually the first step in the path towards becoming a Chartered Accountant. It is an internationally recognized exam and the qualifiers are accepted to work in many multinational companies.
The syllabus for CAT covers all the fundamentals of accounting. As it is a junior-level qualification offered by ACCA, it also includes the basics of the Chartered Accountancy course as well.
CAT test is not a recognized standard of the Department of Trade and Industry. Thus although CAT qualifiers are eligible for working in the accounting department, they cannot work in the broader finance domain.
Yet CAT is considered an international qualification for aspiring CAs. Many students pursue CA after qualifying for the CAT test, as it gives them the required leverage for the qualification.
What is AAT?
AAT is an internationally recognized test for aspiring accounting technicians. The test is organized by the Association of Accounting Technicians which is a London-based accounting organization.
AAT is one of the oldest accounting organizations of its kind and hence it is a ruling organization that influences the accounting standards and rules around the world.
AAT organization establishes the standard practices and rules for accountants and CAs around the world. Thus accounting departments in different countries and companies are modeled after the standards of the AAT.
Thus AAT test is one of the highest qualifications for aspiring professional accountants. The test is widely recognized across different countries and thus the qualifiers are eligible for work in the UK, US as well as many other commonwealth countries.
A benefit of the AAT test is that it is also recognized by the Department of Trade and Industry in many countries. Thus qualifying students are also eligible to work in the government finance departments as well.
The syllabus for the test is also more advanced and broader as compared to other tests such as the CAT. Along with the basics fundamentals of accounting, the AAT syllabus also contains modules from finance and commerce as well.
Main Differences Between CAT and AAT
- CAT is an international junior level qualification for accountants. AAT is a qualifying test for professional accountants.
- CAT is monitored by ACCA. AAT is organized by the Association of Accounting Technicians.
- CAT I is a globally recognized course and it is accepted in all the major countries. AAT test scores are accepted in the UK, the US and in other common wealth countries.
- CAT syllabus covers all the fundamentals of accountancy. AAT syllabus is more advanced and broader than CAT syllabus.
- CAT qualifiers are eligible to work in the accounting department of many different companies. AAT qualifiers can work in the finance fields as well as pursue CA course.
Conclusion
Accountants are required in all types of businesses. To keep track of the books and various transaction and dealing details, professional accountants with good knowledge and skills are needed.
Both CAT and AAT tests are the highest qualifying exams for professional accounting technicians. The tests are recognized across the world and they give an edge to young accountants entering into the business world.
CAT is organized by ACCA, which is an international organization working towards implementing new standards and practices in accounting.
AAT on the other hand is monitored by the Association of Accounting Technicians which is one of the oldest organizations working in the accounting field.
References
- https://journals.co.za/doi/abs/10.10520/EJC120218
- https://www.tandfonline.com/doi/abs/10.1080/09639289500000004
- http://irep.ntu.ac.uk/id/eprint/40252/