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ACCOUNTANCY AND TAX

Accounting And Taxation Professional Apprenticeship Level 7

Accountancy and Taxation professionals are recognised around the world as respected leaders in accountancy, taxation, finance and business. They provide financial information and advice to organisations of all types, big and small, and are vital to the financial health of a business.

An Accountancy and Taxation Professional apprentice will be able to gain a ACCA, CIMA, CTA or ACA (ICAEW) qualification.

Level: 7
Qualification gained: Various

Contact the team
1. Standards to be met
2. Length of apprenticeship
3. Qualification
4. Entry requirements
5. Study options
6. End point assessment
7. Progression
8. Funding

Standards to be met

The Apprenticeship standard details the essential Knowledge, Skills and Behaviours that somebody would need to demonstrate to be successful in this job role, this includes, Business Awareness, Ethics, Communication, Leadership, Planning and Prioritisation and Problem Solving. Apprentices will need to show they are competent in all the areas detailed in the standard when they take End Point Assessment (see below).

The Knowledge areas of the standard will typically be covered through completion of the qualification. Skills and Behaviours are developed through workshops, e-learning, workplace training and practical experience provided ‘on-the-job’.

Knowledge

  • Assurance, risk, and control keyboard_arrow_up keyboard_arrow_down

    The apprentice will be able to provide a degree of assurance that stakeholders can trust financial and non-financial advice regarding their organisation.

    They are able to exercise professional judgement and consider both risks and risk management.

  • Business acumen keyboard_arrow_up keyboard_arrow_down

    The apprentice can demonstrate knowledge of key business objectives and measurements of success.

  • Financial information keyboard_arrow_up keyboard_arrow_down

    The apprentice can prepare, analyse and interpret an organisations’ financial information for internal and external purposes.

  • Legislation keyboard_arrow_up keyboard_arrow_down

    The apprentice can understand, interpret and apply the legislation, standards and principles that apply to their role.

    They understand accounting standards, auditing principles standards, taxation legislation, ethical codes and internal principles.

  • Strategic business management and governance keyboard_arrow_up keyboard_arrow_down

    The apprentice can apply their judgement and make sustainable business decisions using financial and non-financial information.

    They can support strategic decision making with meaningful and relevant financial analysis and project appraisal.

    They can present a balanced conclusion, with supporting evidence, that includes internal and external factors.

Skills

  • Building relationships keyboard_arrow_up keyboard_arrow_down

    The apprentice can build trusted and sustainable relationships with individuals and organisations.

    They consistently support others and collaborate to achieve results as a team.

  • Business insight keyboard_arrow_up keyboard_arrow_down

    The apprentice can influence the impact of business decisions on relevant and affected communities, based on an understanding of different organisations, and the environments in which they operate.

  • Communication keyboard_arrow_up keyboard_arrow_down

    The apprentice communicates clearly and articulately, and in an appropriate manner.

    They can adapt their communications to different situations, teams and individuals.

  • Ethics and integrity keyboard_arrow_up keyboard_arrow_down

    The apprentice can identify ethical dilemmas and understand the implications. They are then able to behave appropriately.

    They understand their legal responsibilities and know the procedures for reporting concerns over potentially unethical activities.

  • Leadership keyboard_arrow_up keyboard_arrow_down

    The apprentice takes ownership of projects and manages their own time, and the time of others.

    They can demonstrate good project management skills, and deliver high-quality work within the designated timeline.

    They act as a role model and can motivate others to deliver results.

  • Problem solving and decision making keyboard_arrow_up keyboard_arrow_down

    The apprentice evaluates information quickly and can draw accurate conclusions.

    They can assess problems from multiple angles to make sure that all issues are considered.

    They are able to gather the appropriate facts and evidence to make effective decisions.

Behaviours

  • Adds value keyboard_arrow_up keyboard_arrow_down

    The apprentice can anticipate future needs and requirements - both individual and of a business.

  • Continuous improvement keyboard_arrow_up keyboard_arrow_down

    The apprentice takes responsibility for their own professional development, seeking out opportunities to learn and progress.

  • Flexibility keyboard_arrow_up keyboard_arrow_down

    They apprentice can adapt their approach to assist organisations and individuals to manage their priorities.

  • Professional scepticism keyboard_arrow_up keyboard_arrow_down

    The apprentice applies a questioning mind to situations and conditions that may indicate fraud or error.

Length of Apprenticeship

The length of this apprenticeship is typically 36 months. End Point Assessment cannot be taken until the Apprentice has met all on-programme elements around the knowledge, skills and behaviours.

Qualification

Although there are no mandatory qualifications that need to be studied as part of this Apprenticeship, many will choose to study one of the following:

  • ICAEW ACA L7
  • CIMA L7
  • ACCA L7
  • CTA L7
  • ACA/CTA L7
  • ATT/CTA L7

Study of these qualifications are all included as part of the Apprenticeship cost, although exam fees and registration fees must be funded separately.

Entry requirements

Employers are entitled to set their own entry requirements. Most apprentices will have Level 2 Maths and English (equivalent to GCSE grade C or above), ideally as part of 5 GCSE A-C grades or other comparable qualifications. Apprentices without English or Maths at Level 2 must achieve this prior to the completion of the Apprenticeship.

Study options

Whilst the apprentice is working, they are also learning, and will need to attend lessons. They can attend face-to-face classroom based lessons, LiveOnline sessions, OnDemand or Distance Learning.

Classroom

With classroom learning the apprentice will get face to face lessons with a subject matter specialist. They will follow a set timetable and attend weekday, weekend or evening sessions.

LiveOnline

LiveOnline is a structured course with timetabled classes at set time of day, but delivered online with the flexibility to study anywhere.

OnDemand

OnDemand is a tutor led online course featuring a range of specifically designed online resources, structured to keep the apprentice motivated and work through at their own pace.

End point assessment

Every Apprenticeship includes an End Point Assessment (EPA), assessed by an independent End Point Assessment Organisation (EPAO). The apprentice will take their EPA at the end of their programme where they will demonstrate they are competent in the role that they have developed in.

This Apprenticeship Standard End Point Assessment will include:

Case Study

The objective of the Case Study is to assess synoptically the apprentices’ understanding of complex business (or individual) issues and their ability to analyse financial and non-financial data, exercise professional scepticism and ethical judgement, and develop conclusions and/or recommendations.

The scenario may be based on a variety of different organisational structures or operations and success at the Case Study will require an integration of the technical knowledge, skills and behaviours required for the standard. The case study exam forms part of the professional qualification.

Project Report

The project report will be completed after the gateway as the last element of the apprenticeship. The apprentice will be required to answer a series of 3-4 critical and evaluative skills and behaviours questions based on their work experience. There is likely to be a focus on the final 12 months of the apprenticeship in order to ensure the work experience undertaken is at a sufficient level of complexity to meet the Level 7 requirements.

Progression

On completion, the apprentice will be able to apply for the appropriate level of professional membership aligned with this Apprenticeship. They can apply for one or more of the following:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Chartered Institute of Management Accountants (CIMA)
  • The Chartered Institute of Taxation (CIOT)
  • The Institute of Chartered Accountants in England and Wales (ICAEW)

 

Funding

This Level 7 Apprenticeship has been placed in the £21,000 funding cap.

Please note that exam fees and registration fees are not included in the above and must be funded separately.

If you are a Levy payer this means that the maximum that can be withdrawn from your Levy fund for somebody on this Apprenticeship is £21,000. For non or marginal Levy payers (where you have overspent your Levy fund) 95% of the cost of the Apprenticeship will be funded by the government meaning you will only have to pay 5% of the agreed price.

Please note that exam fees and registration fees are not included in the above and must be funded separately.

Contact the team keyboard_arrow_up keyboard_arrow_down