Accountancy Apprenticeship

Below is an overview of the Accountancy Apprenticeship, outlining the qualifications you will achieve and the units and vocational areas you will cover throughout your training as well as other important information such as course duration and funding.

Qualifications

• AAT Level 2 Certificate
• Functional Skills Maths Level 1
• Functional Skills English Level 2

Units covered Throughout your Apprenticeship you will cover the following:Basic costing

• Understanding an organisation’s cost recording system and using it to record or extract data
• Using spreadsheets to convey information on actual and budgeted income and expenditure

Computerised accounting

• Entering data at the start of an accounting period to set up customer and supplier accounts
• Recording and processing customer and supplier transactions
• Recording and reconciling bank and cash transactions
• Processing and using journals to enter accounting transactions
• Production of reports (day books, account activity, aged analysis, statements or remittance advice)

Work effectively in accounting and finance

• Understanding an organisation’s accounting or payroll function
• Using numeracy and literacy communication skills
• Working independently or in a team to prioritise tasks and manage colleagues’ responsibilities
• Understanding ethical values, principles and importance of confidentiality
• Understanding and explaining benefits to organisations of sustainable values

Processing bookkeeping transactions

• Understanding double-entry bookkeeping, integrating books of prime entry and describingcoding system functions
• Understanding discounts and settlement, trade and bulk discount differences
• Preparing and processing customer and supplier invoices and credit notes
• Totalling and balancing a 3-column analysed cash book
• Totalling, balancing and reconciling petty cash records within an analysed petty cash book
• Processing ledger transactions and extracting a trial balance

Control accounts, journals and the banking system

• Understanding the purpose and use of control accounts and journals
• Maintaining and using control accounts and the journal
• Reconciling a bank statement with the cash book
• Understanding the banking process and main services of banks and building societies
• Understanding requirements of retention and storage relating to banking documents

Entry requirements No previous accounting experience is required but applicants must enjoy working with numbers and be able to demonstrate the potential for developing good communication skills.Employed in a related job role for at least 30 hours per week. Who is it for? Anyone working in the Accounts/Finance profession who wants to achieve a recognised qualification to develop their skills or gain recognition for their workplace achievements. CostAged 16-18

Fully funded

Aged 19 and over

Total People require employers to make a contribution towards the cost for all learners aged 19 years and over, embarking on an Apprenticeship or Advanced Apprenticeship programme.

Start date Available throughout the year Assessment method

• Work Based Evidence
• Computer Based Assessments

Personal qualities

• Ability to work on their own between sessions to practice and complete homework and exam questions
• To be able to work under exam conditions
• Attention to detail and methodical approach

Further progression Qualifying as an accountant will open many doors to you. You will be able to show your employer that, along with being qualified, you have also shown commitment, dedication and professionalism. This could lead to promotion, higher rates of pay, managerial opportunities or a great starting point to a different career in Accounting such as surveyor or architect. Many apprentices decide to progress their education through professional qualifications like ONCs, HNCs, and even degrees.

• Advanced Apprenticeship – AAT Level 3 Diploma

Additional Information The accounting qualifications offered by the AAT (Association of Accounting Technicians) are based on the work that is carried out in accounting occupations. They provide the knowledge and skills that enable people to move from one task to another and from one job to another.AAT is the UK’s leading qualification and membership body for accounting and finance staff.
The internationally respected AAT Accounting Qualification could open doors for you in various industries. From local enterprises to large multinationals, every organisation needs people trained in accountancy.
Studying for the AAT Accountancy Qualification gives you practical, internationally recognised finance and accountancy skills that can open doors for you in any industry across the world.The Accounting framework for Apprenticeships and Advanced Apprenticeships has been developed by employers and providers to meet the needs of small and medium enterprises through to the largest organisation. It provides a structured approach to training and developing prospective accountants who understand the needs of the organisation, its customers and the sector within which they operate.
The FSP (Financial Skills Partnership) is responsible for the development of the Nationally Occupational Standards and Apprenticeships in Accounting.Apprenticeships and Advanced Apprenticeships provide work-based training and development for any learner from the age of 16. Employers play an active part in the programme by providing potential learners with opportunities to learn in their workplace.