Accounting Apprenticeships
Accounts/ Finance Assistant
Assistant Accountant Standard
Professional Accounting Technician
The Journey To Becoming a Chartered Accountant
Are you considering a career in accounting or looking to advance your current role? Whether you aim to become an Accounting Technician or aspire to go above and beyond to achieve Chartered Accountant status, we are here to guide you every step of the way.
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Level 2 Accounts/Finance Assistant: Building Your Foundation
Timeline: Approximately 12-18 months
Qualification: Level 2 Certificate in Accounting
The first step on your journey is the Level 2 Accounts/Finance Assistant role. Here, you'll learn the core fundamentals of accountancy, including essential bookkeeping, financial principles, and accounting software. This foundational knowledge sets the stage for your future success in the accounting field. -
Level 3 Assistant Accountant: Advancing Your Skills
Timeline: Approximately 15-18 months
Qualification: Level 3 Diploma in Accounting
The next step is the Level 3 Assistant Accountant standard. Here, you'll deepen your understanding of financial processes, bookkeeping, and accounting principles. This level focuses on advancing your skills, preparing you for more complex accounting tasks and higher-level responsibilities. -
Level 4 Professional Accounting Technician: Mastering Your Craft
Timeline: Approximately 18-24 months
Qualification: Level 4 Diploma in Professional Accounting
The Level 4 Professional Accounting Technician standard is where you'll master your accounting skills. This stage covers advanced financial management, complex accounting principles, and technical proficiency. Completing this level prepares you for significant responsibilities and paves the way towards achieving Chartered Accountant status. -
Achieving Chartered Status: CIMA, ACCA, ACA, or CIPFA
Timeline: Varies by program (typically 3-4 years)
Qualification: Chartered Accountant Status through CIMA, ACCA, ACA, or CIPFA
The final milestone on your journey is achieving Chartered Accountant status through CIMA, ACCA, ACA, or CIPFA. This stage involves rigorous training and examinations, covering strategic financial management, advanced accounting practices, and leadership skills. Becoming chartered not only signifies the pinnacle of your professional expertise but also opens up prestigious career opportunities and leadership roles in the accounting and finance sector
Frequently Asked Questions
Accounting apprenticeships offer numerous benefits, including earning while you learn, gaining practical work experience, and obtaining nationally recognised qualifications. Apprenticeships enhance your employability, provide opportunities for career progression, and often lead to permanent employment. Additionally, apprenticeships offer flexible learning options, allowing you to balance studies with work and personal commitments.
Apprenticeships are open to anyone 16 or older, living in England, and not in full-time education. Specific entry requirements vary by level and employer, typically requiring certain GCSEs, particularly in Maths and English. Degree holders can also undertake apprenticeships to gain accounting-specific skills.
Training combines on-the-job learning at the employer's site with off-the-job learning through a training provider or college, including classroom sessions, online learning, and self-study. Support includes guidance from employers, dedicated mentors, and training providers, ensuring successful completion.
Apprenticeships are funded by the government and employers. Non-levy paying employers receive 95% of training costs from the government and pay the remaining 5%. Levy-paying employers use their apprenticeship levy contributions. Apprentices earn a salary, with the National Minimum Wage for apprentices applicable if under 19 or in the first year.
Apprentices gain nationally recognised qualifications:
- Level 2: Level 2 Certificate in Accounting
- Level 3: Level 3 Diploma in Accounting
- Level 4: Level 4 Diploma in Professional Accounting.
- Chartered Status: Chartered Accountant designation through CIMA, ACCA, ACA, or CIPFA.
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