Accounts/Finance Assistant apprenticeship standard

The Accounts/Finance Assistant apprenticeship standard is a Level 2 qualification, the current entry level, and the perfect way to begin a career in accountancy.
  • Solveway

    Accounts/Finance Assistant - Level 2

    Being an accounts or finance assistant, you will be an essential part of the team responsible for maintaining accurate finance functions within a business. The Accounts or finance assistant is responsible for assisting the team 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.

    What qualifications will you get?

    • Accounts/Finance Assistant Apprenticeship
    • AAT Foundation certificate in accounting
    • Level 1 English and maths if required

    Progression or other accountancy qualifications

    Employers involved in creating this standard

    • Warrington & Halton NHS Foundation Trust
    • Saint Globin
    • Boots
    • Cintra
    • Hampshire Council
    • HHLLP
    • SPXflow
    • Seetec
    • Xero
  • What you will learn

    The Apprenticeship standard details the essential Knowledge, Skills and Behaviours that somebody would need to demonstrate to be a successful Accounts/Finance Assistant, this includes, General Business, Ethical Standards, Communication, Attention to Detail and Professionalism. Apprentices will need to show they are competent in all the areas detailed in the standard when they take End Point Assessment (see below).

    The Knowledge areas of the standard will be covered through completion of the AAT qualification. Skills and Behaviours are developed through workshops, e-learning, workplace training and practical experience provided ‘on-the-job’.

    Knowledge

    • General business
    • Understanding your organisation
    • Accounting systems and processes
    • Basic accounting
    • Ethical standards

    Skills

    • Attention to detail
    • Communication
    • Uses systems and processes
    • Personal effectiveness

    Behaviours

    • Teamwork
    • Personal development
    • Professionalism
    • Customer focus

    End point assessment

    Throughout your apprenticeship you will complete formal assessments to achieve your chosen professional qualification. You will also submit a range of activities related to the skills and behaviours listed above. There will be regular checkpoints to make sure you’re meeting programme expectations with opportunities for feedback from your Coach.

    All apprenticeship includes an End Point Assessment (EPA), assessed by an independent End Point Assessment Organisation (EPAO). The apprentice will take their EPA at the end of their programme where they will demonstrate they are competent in the role that they have developed in.

  • Who's Eligible

    While there are no upper age limits to an apprenticeship, applicants need to demonstrate they are at least 16 years old, not in fulltime education and show they can achieve the programme by completing a Solveway skill scan.

    If you have previously achieved a degree, you can still do an apprenticeship with us, but the apprenticeship programme you choose will need to be in a different discipline. If you’re in doubt, register your details, a member of the team will be able to advise you on eligible.

    Starting an intermediate or advanced apprenticeship with Solveway, you can progress your career and work your way through to higher-level apprenticeships to achieve a master’s degree in some career areas.

    Every Solveway apprenticeship vacancy specifies the entry requirements, and qualities the employer is looking for. For higher and degree apprenticeships, employers are generally asking for A levels and other Level 3 qualifications. You also need to check the job description for any essential and desirable skills the employer is looking for, and specific qualifications required.

  • FAQ's

    How does the apprenticeship work?

    An apprenticeship is a combination of a full-time job with training for a existing or new employee.

    Your working time will be split 80/20: this means 80% of your working time will be spent with your employer, carrying out day-to-day duties, while 20% of your time will be ‘off-the-job’ and spent working towards your apprenticeship qualification.

    What counts as off-the-job training and how is the 20% measured?

    Off-the-job training can include:

    • Work spent on your apprenticeship qualification
    • Face to face/online classroom training
    • Any employer training relevant to the apprenticeship
    • Work spent on your reflective journal
    • Shadowing other departments
    • Attending industry events and workshops

    Solveway use an online portfolio system that helps track the required off-the-job training.

    How is the training delivered?

    All our training is scheduled at the very beginning of the apprenticeship, this allows for planning to limit disruption.

    How are apprenticeships funded?

    Apprenticeships are funded by the Apprenticeship Levy or by the ESFA. Businesses with an annual payroll of over £3 million pay 0.5% of their annual payroll into a digital account (levy). The funds can then only be used on approved apprenticeship training.

    What’s the benefit of hiring apprentices?

    Hiring an apprentice is a productive and effective way to grow talent and develop a motivated, skilled and qualified workforce.

    • 86% of employers said apprenticeships helped them develop skills relevant to their organisation
    • 78% of employers said apprenticeships helped them improve productivity
    • 74% of employers said apprenticeships helped them improve the quality of their product or service

    source information: gov.uk

Become an accounting professional with an AAT qualification!