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Accounts/Finance Assistant Apprenticeship Level 2

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    Part Time

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    15 Months

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    Boston or Spalding

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    Flexible

$

The Level 2 (Intermediate) Accounts/Finance Assistant Apprenticeship is a nationally recognised course involving the use of intermediate accounting techniques and training, offering you the opportunity to gain hands on industry experience.

An Accounts or finance assistant is an integral part of the team responsible for maintaining an efficient and accurate finance function within a business. The Accounts or finance assistant is responsible for assisting the team of accountants with junior accounting duties. These can vary massively depending on the team structure and size of business. An Accounts or finance assistant’s work could include basic bookkeeping activities, working with sales and purchase ledgers, running calculations to ensure that records and payments are correct, recording of cash and data entry. Accounts or finance assistant can work in almost any sector. Potential employers include corporate businesses, sole traders, partnerships, Public sector, not-for-profit organisations and educational institutions. Accounts or finance assistant may work in-house for an organisation or they might work for an accountancy firm, bookkeeping practice, Shared Service provider, self-employed or on behalf of several different clients.

What will I do?

All Accounts or finance assistants will demonstrate the following knowledge, skills and behaviours.

General business:

  • Gain an awareness of commercial law that may have an impact when working in accountancy, such as contracts, data protection or Anti Money Laundering
  • Can explain the importance of upholding relevant codes of conduct
  • Can explain different legal entities and organisational structures
  • Gain an awareness of the impact of technology on business and its accounting and finance functions

Understand your organisation:

  • Understand own role within the context of your organisation
  • Understand transactional processes of accounting and their use within a finance function
  • Understand what makes a business or organisation successful, through either buying or selling products or supplying services to a market

Accounting systems and processes:

  • Understand how accounting systems and processes allows a business to keep track of all types of financial transactions
  • Know a range of routine accounts reports and their use within the finance function
  • Understand the basics of internal control within own organisation

Basic accounting:

  • Gain an awareness of basic accountancy concepts and double entry bookkeeping
  • Understand bookkeeping controls
  • Understand the cost recording system within an organisation
  • Develop an understanding of the differences between Financial and Management Accounting

Ethical standards:

  • Understands corporate social responsibility (CSR), ethics and sustainability within organisations
  • Understand the importance of the need to keep up-to-date with relevant policies, procedures, regulatory or system changes

The entry qualifications for the Level 2 Accounts/Finance Assistant Apprenticeship are five GCSEs at grade 4 or above (Old GCSE grade C or above), including English and Maths ideally at grade 6 or above (Old GCSE grade B or above) or equivalent.

You may also enter this course with a Merit at First Diploma Level in a related subject along with a Level 2 Functional Skills Maths and English certificate.

You will also need to be in a relevant job role.

Apprentices without Level 1 English and maths will need to achieve this level and taken the test for level 2 prior to taking their end point assessment. For those with an education, health and care plan or a legacy statement, the apprenticeships English and maths minimum requirement is entry Level 3. British Sign Language qualifications are an alternative to English qualifications for whom this is their primary language.

The Accounts/Finance Assistant Apprenticeship will take you one year to complete. You will study at College for one evening a week, and the rest of the time with your employer.

A daytime option is also available, please enquire for more information.

You will also be expected to undertake private study.

You can start this course at various points throughout the year.

As an Apprentice, you will pay no course fees. However, your employer may have to pay towards your training as well as providing you with a wage (please see below).

For information regarding employer contributions and any further costs related to the Apprenticeship programme, please call our dedicated Apprenticeship team on 01205 365701 ext 3248.

There are different rates of pay for apprentices depending on your age and what year of your apprenticeship you’re in.

Aged 16 to 18.

The current National Minimum Wage rate for an apprentice is £4.81. per hour.

Aged 19 or over and in your first year.

The current National Minimum Wage rate for an apprentice is £4..81 per hour.

Aged 19 or over and have completed your first year.

You’re entitled to the National Minimum Wage or National Living Wage rate for your age.

If you are an employer and want to find out more information regarding employer contributions and any further costs related to the Apprenticeship programme, please call our dedicated Apprenticeship team on 01205 365701 ext. 3248.

The Accounts/Finance Assistant Apprenticeship is assessed by computer based examinations. You will be expected to undertake considerable private study.

Apprenticeship students are also allocated an assessor who will assess your progress as you complete your course and carry out monthly reviews.

Apprentices will typically spend 12–15 months working towards the apprenticeship standard, with a minimum of 20% off-the-job training.

The EPA has two distinct assessment methods that have been designed to be completed only once the apprentice has finished the on-programme learner journey and passed through the Gateway.

The two EPA assessment methods are:
1. Structured interview (supported by a portfolio of evidence summary)
2. In-tray test.

Both assessment methods will be conducted and graded by an independent AAT assessor as the EPAO.

You will also be allocated an assessor who will assess your progress as you complete your course and carry out monthly reviews.

Upon completion of the Level 2 Intermediate Apprenticeship framework, you may progress onto a Level 3 qualification. Those completing the Apprenticeships in Accounting will have enhanced career and employment opportunities.

Additional costs include an A4 folder for your work, pen, pencil and paper.

How to Apply.

To apply for a course, you will need to have an account with us!

Creating an account is easy, just click ‘Apply for this course’ below.

If you live outside of the UK and would like to apply for this course, please complete the International Enquiry Form.

You can download our course guide

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