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ACCOUNTANCY AND TAX

Assistant Accountant Apprenticeship Level 3

An Assistant Accountant provides support to internal and external customers, and will mainly work either as an assistant accountant within practice, or within the finance function of an organisation.

An Assistant Accountant apprentice can work towards an AAT qualification.

 

Level: 3
Qualification gained: AAT

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 a successful Assistant Accountant, this includes, Business Awareness, Ethics, Communication, Embracing Change 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 AAT qualification. Skills and Behaviours are developed through workshops, e-learning, workplace training and practical experience provided ‘on-the-job’.

Knowledge

  • Business awareness keyboard_arrow_up keyboard_arrow_down

    The apprentice understands the transactional processes and support provided.

    They understand their company business strategy. Is aware of how their role works in wider organisation and business sector.

  • IT systems and processes keyboard_arrow_up keyboard_arrow_down

    The apprentice understands how to enter accounting transactions, perform reconciliations, correct errors and produce reports.

    They understand business processes such as sale, purchase and payroll. Can use office and accounting packages.

  • Ethical standards keyboard_arrow_up keyboard_arrow_down

    The apprentice understands the Ethical Standards to protect their reputation as well as their organisation’s.

    They uphold codes of conduct.

  • Financial accounting and reporting keyboard_arrow_up keyboard_arrow_down

    The apprentice understands the basics of double-entry bookkeeping and accounting standards.

    They also understand the current financial standards for accounts preparation for end of year adjustments.

    They can draft final accounts and understand basic tax principles.

  • Management accounting keyboard_arrow_up keyboard_arrow_down

    The apprentice understands how to recognise and use different accounting approaches and can gather, analyse and report information about income and expenditure.

    They can support decision-making, planning and control.

Skills

  • Analysis keyboard_arrow_up keyboard_arrow_down

    The apprentice can effectively record and analyse financial data at the right level, using the organisation’s tools and processes.

    They can communicate to stakeholders to help decision making and add value.

  • Communication keyboard_arrow_up keyboard_arrow_down

    The apprentice can work by themselves and as part of a team, and effectively communicate with colleagues and stakeholders.

    They can demonstrate strong interpersonal skills and can relay financial information in a way that non-financial staff can understand.

  • Produces quality and accurate information keyboard_arrow_up keyboard_arrow_down

    The apprentice delivers high quality financial and performance data that is accurate and timely.

  • Uses systems and processes keyboard_arrow_up keyboard_arrow_down

    The apprentice can identify the right systems to use and the processes needed to complete tasks.

    They can use office and accounting packages, and maintain the security of the financial information they hold.

  • Problem solving keyboard_arrow_up keyboard_arrow_down

    The apprentice can identify problems and use the appropriate tools and techniques to find the right solution.

    They are also confident in asking for help or guidance where necessary.

Behaviours

  • Embracing change keyboard_arrow_up keyboard_arrow_down

    The apprentice can adapt to change and has the flexibility to maintain high standard in a changing environment.

  • Adding value keyboard_arrow_up keyboard_arrow_down

    The apprentice can identify opportunities in the wider business.

    They can provide relevant information that adds value to business decisions and strives to improve their own working processes.

  • Ethics and integrity keyboard_arrow_up keyboard_arrow_down

    The apprentice has a transparent and objective manner in all their actions and interactions.

    They make sure that they meet the ethical requirements of the profession.

  • Personal accountability keyboard_arrow_up keyboard_arrow_down

    The apprentice takes responsibility for their own personal development and takes responsibility for their work.

    They make sure they prioritise to get work done in a timely manner.

  • Productivity keyboard_arrow_up keyboard_arrow_down

    The apprentice organises their work effectively and meets deadlines.

    They act professionally at all times and asks for help or advice when necessary.

  • Teamwork and collaboration keyboard_arrow_up keyboard_arrow_down

    The apprentice always supports their colleagues and works with them to achieve results.

    They are aware of their role within the team and how their work impacts others.

Length of Apprenticeship

The End Point Assessment cannot be taken until the apprentice has been on programme for at least 12 months. Typically this Apprenticeship will take around 18 months to complete in order for apprentices to have time to complete their End Point Assessment.

Qualification

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

AAT Level 3 Diploma in Accounting

This level will encourage you to master more complex accounting principles in both Bookkeeping and Management Accounting.

You will study 5 units:

  • Financial Accounting; Preparing Financial Statements (FAPS)
  • Management Accounting Techniques (MATS)
  • Tax Processes for Business (TPFB)
  • Business Awareness (BUAW)
  • Advanced Synoptic Assessment (ADSY) which forms part of your End Point Assessment

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 set the selection criteria, but this is likely to include 5 GCSEs, including Maths and English. Some employers will accept other relevant qualifications and experience, including a relevant Level 2 qualification. Apprentices without English or Maths at Level 2 must achieve this before taking the End Point Assessment.

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, Live Online sessions or OnDemand.

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 sessions.

Live Online

LiveOnline is a structured course with timetabled classes at set time of day. Students have option of attending half day, full day or evening sessions. They are delivered online with a subject matter specialist but 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:

Portfolio and Professional Discussion

This comprises of a range of evidence produced in the workplace to show that the apprentice has met the Knowledge, Skills and Behaviours detailed in the standard. The reflective discussion is a structured interview with an Independent Assessor to examine this evidence and the learner journey in more detail. This carries 60% weighting for the final grade.

Synoptic Test

For those studying AAT, this is identical to the synoptic test introduced under the 2016 syllabus. Apprentices sit a test under controlled conditions which synoptically tests the knowledge and skills stated in the standard. They are given information about a fictitious organisation and then presented with a variety of tasks relating to this information. This will carry 40% weighting towards the final grade awarded.

Progression

As well as ensuring full competency as an Assistant Accountant, this standard provides the foundation for progression into a number of career paths in the Accounting sector including Audit Trainee, Corporate Recovery Analyst, Credit Controller or Tax Accountant. Many Apprentices will go on to complete the Level 4, Professional Accounting/Taxation Technician standard.

Funding

This Level 3 Apprenticeship has been placed in the £8,000 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 £8,000.

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 contact us for more information on the Levy and funding.

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