Job roles in accountancy vary, depending on whether they’re keeping track of one person’s or a global corporation’s finances, there are several things that accountants can do to help their clients businesses.
This variety often makes it an attractive profession to pursue. Apprentices could work in any industry and apply their skills to any business type – from large public sector companies and major corporations, to football clubs and small media firms. Apprentices who qualify as accounting technicians might work as accounts assistants, credit control clerks, accounts clerks, or finance assistants, all helping accountants to keep financial records and prepare accounts. They will learn how to balance accounts, process invoices and payments, complete VAT returns, and help prepare financial statements and reports. The Association of Accounting Technicians (AAT) provides the core qualifications which are recognised across the industry and are seen as an excellent route towards qualified Accountant status.
Level 2 Accounting Framework is suitable for those who are working in an accounting role/department within an organisation. It covers all aspects of fundamental double-entry book keeping up to trial balance stage. In addition it covers computerised accounting, basic costing, spreadsheets, and ethics and develops the skills to work effectively in accounts and finance. The apprenticeships duration is 12 months on program.
Level 3 Assistant Accountant Standard provides support to internal and external customers and will work predominately as either an assistant accountant within practice or alternatively within the finance function of an organisation. Part of their role will involve assisting in the day to day financial activities such as data entry to month end management accounts and/or year-end financial statements. In addition the Assistant Accountant may find them involved in regulatory financial requirements such as the completion of VAT returns or assisting in the preparation of tax computations. The apprenticeships duration is 18 months on program.
Level 4 Professional Accounting/Tax Technician Standard will have responsibility for creating, and/or verifying and reviewing, accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation. This will be performed in order to meet relevant ethical, professional and legal standards, and will utilise the individual’s knowledge of the business systems and processes, as well as standard accounting and tax practices. This role may exist in an accounting practice, a professional services company, HMRC or the accounting function of a business or other organisation. The apprenticeships duration is 12 - 24 months on program.
Apprenticeships are open to all age groups above 16 years-old, whether just leaving school, have been working for years or are seeking to start a new career. You just need to be living in England and not be currently in full-time education. There are 3 levels of Apprenticeship available for those aged 16 and over and entry requirements will vary depending on the apprentice’s current level of learning. You should check the individual entry requirements for your framework at the time of enquiry.