Apprenticeships
Accounts or Finance Assistant
Level 2
Carrying out routine financial activities and support for businesses and organisations of all types and sizes.
Qualification
Accounts or Finance Assistant
Qualification Level
Level 2
End Point Assessment Centre
iCQ - AAT
Instruction Language
English
Qualification Duration
12 months (this does not include EPA period)
Employer Funding & Incentives
Funding
As of the 18th March 2024 the government announced significant changes to apprenticeship funding, aimed at supporting small and medium-sized enterprises (SMEs) in their hiring of young apprentices. Prime Minister Rishi Sunak unveiled plans to eliminate SME co-investment payments for apprentices under the age of 22, alongside increasing the transfer limit of apprenticeship levy funds from 25% to 50%.
Incentives
Employers could get £1,000 each for taking on an apprentice who is either:
- aged 16 to 18 years old, or
- aged 19 to 25 years old and has an education, health and care (EHCP) plan or has been in the care of their local authority
What you can use the payment for
The payment is different to apprenticeship levy funds, so you can spend it on anything to support your organisation’s costs. For example, on uniforms, your apprentice’s travel or their salary. You do not have to pay it back.
Included in the Green Skills Pathway…
As part of our commitment to the environment, we are proud to offer an exciting opportunity for our apprentices. With every apprenticeship, learners will receive full funding to study our level 2 sustainability and environmental awareness short course, completely free of charge! Discover more about this fantastic course by clicking here.
To read the full Apprenticeship Standard: Click here
Who is this course suitable for?
This apprenticeship program serves as a natural progression from Level 2 or serves as an entry point for individuals already equipped with a solid foundation in basic accounting. The role within the accountancy profession presents a gateway to a diverse range of career pathways coupled with complementary professional certifications.
Typical job roles may include:
- Accounting technician
- Accounts clerk
- Assistant Accountant
- Assistant Cashier
- Bookkeeper
- Finance Assistant
- Purchase ledger clerk
- Sales ledger clerk
Role Profile (what the successful candidate should be able to do at the end of the apprenticeship)
This occupation is found in organisations of all sizes whether small, medium, large or global.
They may work in the accounts or finance department of a company, a solo owned business or partnership. In the public sector they may work in settings such as local government, hospitals, schools and colleges. They may work within a firm of accountants providing services to a range of clients.
The broad purpose of the occupation is to carry out accounting and finance tasks. These tasks support the creation of items such as financial statements and other data. Their work is carried out under supervision following set procedures for most tasks. Such tasks may include financial data entry, reconciling figures, trial balances, double-entry bookkeeping, handling accounts payable and receivable.
An accounts or finance assistant is an integral part of the team responsible for maintaining an efficient and accurate finance function within an organisation.
The accounts or finance assistant is responsible for assisting accountants with routine duties. These can vary depending on the team structure and size of business. They use digital finance and accounting systems and tools to collate and enter data. An accounts or finance assistant’s work would include tasks such as financial and accounting data entry and basic bookkeeping duties. They will also work with sales or purchase ledgers. They will run calculations to ensure that records and payments are correct and may be involved in the recording of cash transactions.
In their daily work, an accounts of finance assistant interacts with a wide range of internal and external stakeholders. This could include junior colleagues, supervisors, senior managers, clients and customers, suppliers, lenders and government agencies.
An accounts or finance assistant will gather and input financial data and check that work for errors. They work under supervision to contribute towards the creation of accurate financial statements and data to help the organisation run effectively.
Typical job titles include:
Accounts administrator – Accounts assistant – Accounts payable clerk – Assistant bookkeeper – Business accounts administrator – Cost accountant assistant – Finance assistant – Junior cashier
These are the personal attributes and behaviours expected of all energy specialists carrying out their roles.
- Team working to provide support and collaborate with others to help achieve the goals of the organisation.
- Flexible and responds constructively to changing work requirements.
- Self-motivated to seek and act upon feedback, displaying commitment to personal and professional development.
- Vigilant in their approach to accounting and finance tasks, paying close attention to detail and aware of the consequences of errors.
- Professional in their approach to their work and others to meet the requirements of professional ethics and codes of conduct.
- Focussed on the importance of delivering excellent service, identifying, meeting or exceeding stakeholder expectations.
- Takes responsibility for sustainable outcomes in their actions and approaches to the role, performing duties respecting environmental good practice, specific to both the occupation and those recognised externally.
- Committed to personal wellbeing and an awareness of the support and resources available to help them.
Course Costs
Maximum Funding
£7,000.00
Non Levy Employer 5% contribution or Employer 5% contribution
£350.00
End Point Assessment Cost (Paid by Kiwi)
£TBC
96
of learners say this course helped them to succeed in their Accountancy careers and developed their understanding and confidence in this area.
96 of learners say this course helped them to succeed in their Accountancy careers and developed their understanding and confidence in this area.
Course content
OCCUPATIONAL BRIEF OF STANDARD
KNOWLEDGE
- Principles of English law that may have an impact when working in accountancy, including elements of contract law, employment law, company law, data protection and anti-money laundering regulations.
- Foundations of professional ethics and codes of conduct in a finance and accounting environment.
- The different types of legal entity and organisational structures and their relevance for financial and accounting activities.
- Digital financial and accounting packages and applications including databases and spreadsheets.
- The role of accounts and finance within an organisation including interaction with internal and external stakeholders.
- Principles of using and maintaining financial records including accounts payable, accounts receivable, cash management and payroll.
- Fundamental concepts of the commercial landscape and its impact on the organisation.
- Principles of bookkeeping and controls.
- Principles of cost recording systems within an organisation.
- The differences between financial and management accounting.
- Principles of corporate social responsibility (CSR), ethics and sustainability regarding finance and accounting.
- Principles of cyber-security and working safely online within a finance and accounting context.
- Principles of data handling including the significance of dates and the timing of transactions such as dates of invoice and payment
- Principles of data security and legislative requirements regarding data handling in a financial and accounting context.
- Approaches to diversity, inclusion and cultural awareness and their impact on finance and accountancy activities.
- The impact of sustainability and environmental good practice on accounting and finance activities.
SKILLS
- Record transactional data.
- Use the organisation’s standard tools and processes to examine data to identify transactional issues such as, reconciliations and inconsistencies between invoices.
- Recognise and rectify routine errors, escalating as necessary.
- Plan and review accounting and finance tasks.
- Communicate with stakeholders to deliver accurate and timely results, avoiding jargon, using language tailored to the audience and different media methods with an appreciation of the risks and benefits to the business of social media and other digital applications.
- Use finance and accounting software packages to accurately input and manage data to contribute to routine accounting tasks.
- Handle data and digital technology in line with cyber and data security requirements, using data securely and safely, including backing up data.
TESTIMONIALS
Kiwi Education is an fantastic training provider who really does put it’s students at the heart of their delivery. Our staff have felt supported throughout their apprenticeship
– False Flag Tattoo
Area: Professional Accounting Taxation Technician AAT Apprenticeship
TESTIMONIALS
Our staff enrolled on courses have not only improved within their roles but with the support from Kiwi Education they have excelled and progressed from one level to a higher level. We are thrilled with the service from Kiwi Education.
– Costa Coffee
Area: Team Leader Supervisor Apprenticeship
Enrol and pay now
Maximum Funding
£7,000.00
Non Levy Employer 5% contribution or Employer 5% contribution
£350.00
End Point Assessment Cost (Paid by Kiwi)
£TBC
Any Questions
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