Accountancy 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. 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.

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.