Apprenticeships

Assistant Accountant

Level 3

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Carrying out routine financial activities and support for businesses and organisations of all types and sizes.

Qualification

Assistant Accountant Apprenticeship

Qualification Level

Level 3

End Point Assessment Centre

iCQ

Instruction Language

English

Qualification Duration

15 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%.

read the full article

 

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)

 

During this program, you’ll hone skills in essential areas such as bookkeeping, cost accounting, and the formulation of comprehensive reports and returns. You’ll delve into financial processes, encompassing fundamental accounting principles, advanced bookkeeping techniques, final accounts preparation, handling of VAT complexities, management accounting costing methods, and the embrace of ethical standards. Additionally, the program fosters proficiency in accounting software usage.

 

As an assistant accountant, you’ll provide vital support to both internal and external stakeholders. This role primarily involves functioning as an assistant accountant within a practice setting or alternatively contributing within the finance department of an organisation.

 

To excel in this program, access to authentic and meaningful work experiences is essential. These experiences should enable you to apply and demonstrate the knowledge and skills acquired throughout the program effectively

 

These are the personal attributes and behaviours expected of all energy specialists carrying out their roles.

 

  • Collaboration and Inclusion: Builds strong collaborative relationships, valuing diversity and inclusion.
  • Ethical and Professional: Operates transparently, objectively, and sustainably, meeting ethical standards.
  • Organised and Detail-Oriented: Efficiently organises work, meeting targets and deadlines while maintaining professionalism.
  • Adaptable to Change: Embraces shifting priorities and maintains high standards in evolving environments.
  • Stakeholder Engagement: Connects with broader stakeholders and stays updated on industry changes affecting their role.
  • Wellbeing and Resilience: Prioritises personal well-being and fosters an open, empathetic work atmosphere.
  • Professional Judgment: Applies critical analysis to transactions and trends, aiming for accuracy.
  • Sustainability Focus: Incorporates sustainability practices into their role, reducing reliance on non-renewable resources.

 

Course Costs

Maximum Funding

£12,000.00

Non Levy Employer 5% contribution or Employer 5% contribution

£600.00

End Point Assessment Cost (Paid by Kiwi)

£TBC

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96 of learners say this course helped them to succeed in their Accountancy careers and developed their understanding and confidence in this area.

OCCUPATIONAL BRIEF OF STANDARD

KNOWLEDGE

 

Financial Accounting and Reporting:

  • Principles of financial accounting, adjustment, and reporting.
  • Calculation and input of accruals and prepayments.
  • Maintenance of the fixed asset register.
  • Accounting for asset purchase and disposal.
  • Depreciation and financing.

Management Accounting and Budgeting:

  • Principles of management accounting.
  • Provision of costings.
  • Awareness of monthly and rolling forecasting.
  • Financial planning principles.
  • Calculation of income and expenditure budgets.
  • Budget holder sign-off.
  • Investigation and reporting of variances to budgets.

Financial Records and Transactions:

  • Principles of creating and maintaining financial records.
  • Accounts payable and accounts receivable.
  • Cash management principles.
  • Principles of payroll.

Financial Control and Security:

  • Fundamentals of potential vulnerabilities within financial control systems.
  • Internal fraud and money laundering.

Indirect Taxation:

  • Fundamentals of indirect taxation.
  • Approaches to completing indirect tax returns.
  • Supporting documentation and records.

Digital Financial Tools and Security:

  • Fundamentals of digital financial and accounting packages and applications.
  • Maintenance of key databases.
  • Spreadsheets and data analytics.
  • Appropriate use of data for information.
  • Principles of cyber-security and working safely online within finance and accounting.
  • Principles of data security and legislative requirements for data handling in finance and accounting.

Diversity, Inclusion, and Cultural Awareness:

  • Approaches to diversity, inclusion, and cultural awareness and their impact on finance and accountancy.

Finance and Strategy:

  • The role of accountancy or finance within organizational business strategy.

Professional Landscape and Ethics:

  • The wider financial and accounting professional landscape.
  • Staying updated on changes in technology and practice.
  • Awareness of regulators and professional bodies.
  • The principles of professional ethics and codes of conduct in a finance and accounting environment.

 

SKILLS

 

Financial Data Management:

  • Record and analyse financial data using the organisation’s standard tools and processes.
  • Apply double-entry bookkeeping and accounting standards for processing financial documents.
  • Generate financial statements and report financial information to users of accounts.
  • Reconcile financial data, including preparation and review of reconciliations.

Financial Query Handling:

  • Assist with the investigation and response to financial information queries.
  • Investigate, resolve, or escalate transactional queries and errors within their remit as appropriate.

Preparation of Financial Information:

  • Assist with the production of accurate financial information for the preparation of accounts.

Stakeholder Relationships:

  • Develop and maintain effective working relationships with stakeholders.
  • Communicate financial information in a way that non-finance stakeholders can interpret and understand.

Digital Skills and Tools:

  • Utilise digital skills to present key financial information using finance and accounting software and applications.
  • Use software packages to assist with basic accounting tasks in line with cyber and data security requirements, including data backup.

Communication Methods:

  • Communicate using varying approaches and different media methods.
  • Appreciation of the risks and benefits to the business of social media and other digital applications.

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

£12,000.00

Non Levy Employer 5% contribution or Employer 5% contribution

£600.00

End Point Assessment Cost (Paid by Kiwi)

£TBC

Total£12,000.00

Enquire

Any Questions

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