Accountancy Apprenticeships

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. For further information on Careers in Accountancy and the right level to start your AAT Accountancy studies at, please visit the AAT website

Apprenticeship

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.
Cost
Aged 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. For more information please contact us on 01606 734000 or email info@totalpeople.co.uk

Duration 12 months
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.

Advanced Apprenticeship

Qualifications
  • AAT Level 3 Diploma
  • Functional Skills Maths Level 2
  • Functional Skills Level 2
Units covered Throughout your Advanced Apprenticeship you will cover the following:

Accounts preparation
  • Understanding accepted principles of accounting and double-entry bookkeeping
  • Understanding accounting methods of recording non-current assets
  • Accounting for purchase of non-current assets
  • Accounting for depreciation and adjustments
  • Accounting for disposal of non-current assets
  • Preparing and extending the trial balance
Prepare final accounts for sole traders and partnerships
  • Understanding the process involved in preparing final accounts
  • Preparing accounting records from incomplete information
  • Producing final accounts for sole traders
  • Understanding partnerships’ legislative and accounting requirements
  • Preparing a statement of profit or loss appropriation account
  • Preparing a financial position statement relating to a partnership
Costs and revenues
  • Understanding an organisation’s costing systems
  • Recording and analysing cost information
  • Apportioning costs to organisational requirements
  • Analysing budget deviations and reporting these to management
  • Using information gathered from costing systems to assist decision making
Professional ethics
  • Understanding principles of ethical working
  • Understanding ethical behaviour when working with internal and external customers
  • Understanding when and how to take appropriate action following suspected ethical codes breaches
  • Understanding the ethical responsibility of finance professionals in promoting sustainability
Indirect tax
  • Understanding VAT regulations
  • Completing VAT returns accurately and on time
  • Understanding VAT penalties and adjusting for previous errors
  • Communicating VAT information
Spreadsheet software
  • Using a spreadsheet to enter, edit and organise numerical and other data
  • Selecting and using appropriate formulae and data analysis tools and techniques
  • Presenting, formatting and publishing spreadsheet information
Entry requirements For Advanced Apprentices, a good basic knowledge of double entry book keeping is required. This can either have been gained by previously achieving the AAT Level 2 in Accounts or other accounting qualifications. An Initial Assessment will be completed with all Advanced Apprentices to ensure sufficient understanding.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.
Cost
Aged 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. For more information please contact us on 01606 734000 or email info@totalpeople.co.uk

Duration 12 Months
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.

  • Higher Apprenticeship – AAT Level 4 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.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.

Higher Apprenticeship

Qualifications
  • AAT Level 4 Diploma
  • Functional Skills Maths Level 2
  • Functional Skills English Level 2
Units covered Throughout your Higher Apprenticeship you will cover the following:

Financial statements
  • Understanding the regulatory framework underpinning financial reporting
  • Understanding key features of published financial statements
  • Drafting a limited company’s statutory financial statements
  • Drafting consolidated financial statements
  • Interpreting financial statements using ratio analysis
Budgeting
  • Preparing budgets and income and expenditure forecasts
  • Assessing budgetary impact of internal and external factors
  • Using budgetary control to improve organisational performance
Financial performance
  • Collating and analysing cost information from various sources
  • Measuring performance and managing costs appropriately
  • Making suggestions for improving financial performance by monitoring and analysing information
  • Preparing performance reports for management
Internal control and accounting systems
  • Understanding importance and use of internal control systems
  • Evaluating the accounting system and identifying areas for improvement
  • Conducting ethical and sustainability evaluations of accounting systems
  • Making recommendations to improve the accounting system

Optional units

The learner must choose two units from the following:

Business tax
  • Completing corporation tax returns and supporting computations for incorporated businesses
  • Understanding impact of legislation and legislative changes
  • Understanding tax law and its implications for incorporated / unincorporated business
  • Understanding capital assets
Personal tax
  • Calculating income from all sources and identifying taxable and non-taxable items
  • Applying current legislation to calculate tax payable on income
  • Accounting for capital gains tax according to current legislation
  • Preparing accurate computations and complete relevant parts of self-assessment tax returns
External auditing
  • Planning an audit identifying areas for verification and associated risks
  • Conducting a supervised audit
  • Preparing draft reports for approval
  • Understanding auditing principles and legal and professional standards required for an external auditor
Cash management
  • Using statistical techniques and financial information to prepare income and expenditure forecasts
  • Preparing cash to monitor an organisation’s cash flow
  • Managing cash balances effectively
  • Investing surplus funds, observing organisational policies
Credit control
  • Understanding relevant legislation and impact on credit management
  • Using information from various sources to grant customers’ credit within organisational guidelines
  • Using a range of techniques for debt collection
  • Monitoring and controlling credit supply
Entry requirements For Higher Apprentices, a good basic knowledge of Costing and Financial Accounts is required, plus the AAT Level.  An Initial Assessment will be completed with all Higher Apprentices to ensure sufficient understanding.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.
Cost
Aged 16-18

Fully funded

Aged 19-23

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. For more information please contact us on 01606 734000 or email info@totalpeople.co.uk

Aged 24+

Total People require learners/employers to cover the cost of the whole qualification. A 24+ Advanced Learning Loan can be applied for through Student Finance England.

Duration 12 Months
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
  • Complete written explanations to justify their financial application methods
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.Professional Accountancy qualifications includes:

  • CIMA or ACCA
  • AAT Level 4 Diploma enables learners to gain Accreditation against the first level modules of the CIMA and ACCA qualifications
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.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.

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