What is an Apprenticeship in Accountancy?

An Accountancy Apprenticeship provides an ideal pathway to a professional career working in a finance department or an accountancy practice. You'll gain hands-on, practical experience, earn a salary and have the opportunity to get qualified at the same time. With a clear progression route, you can apply your skills and knowledge in the work place, build your experience and increase your earnings.  

 

Content Image

Accountancy is a fundamental part of all business, with opportunities across both pubic and private sectors. An Accountancy Apprenticeship offers an opportunity to gain qualifications whilst you are working. Career opportunities are available in Accountancy firms and finance departments of organisations. The duties you will perform will vary depending upon the type of company you work for.

You will need to be well organised, self motivated and able to communicate with others.  Good numeracy skills are essential. A methodical and systematic approach to work is also an advantage. As an Apprentices you will be paid a training salary by your employer.

The entry requirements for ACCA level 7 are:

  • Level 2 Maths & English
  • Apprentices who have completed Level 4 Accountancy Qualification
  • Or a relevant Degree may receive credits towards the completion of the Apprenticeship

Throughout your Apprenticeship you will be required to perform a range of tasks which could include:

  • Preparing accounts
  • Using IT and a range of software packages
  • Making and recording payments
  • Managing purchases and sales ledgers
  • Accurately recording financial transactions
  • Team work and problem solving
  • Carrying out audits

Accountancy Levels 2, 3 and 4 as well as qualifications in English and Mathematics.

  • AAT Level 2 Certificate in Accountancy
  • AAT Level 3 Advanced Diploma in Accounting
  • AAT Level 4 Professional Diploma in Accounting
  • ACCA Level 7 Apprenticeship
  • Functional Maths and English

For levels 3 and 4 apprentices, once you have completed your learning plan you will progress to the End Point Assessment which will lead to the successful achievement of your apprenticeship. 

This will include:

  • A synoptic end test
  • Portfolio of workplace evidence and reflective discussion

Chamber Training will assist you to secure a job with great career prospects including the provision of the following support:

  • Day release to develop your knowledge
  • Functional Maths and English workshops
  • A designated Training Advisor to guide and support you 
  • A workplace mentor for extra support at work
  • Regular progress reviews to track your learning and move you forward

Accountancy Apprenticeships are available at four levels with many progression opportunities. An intermediate level 2 Apprenticeship takes on average 15 months to achieve. The level 3 Advanced Apprenticeship takes a further 18 months and level 4 a further 18 months thereafter. Level 7 Apprenticeship incorporating ACCA will can take up to three years.

After completing all levels this can lead to a senior management role and potentially a Partner in an Accountancy practice.

Splatter image
Splatter image

REAL STORIES, REAL PEOPLE

Accountancy Apprentice Announced as FirstPro Finalist

Accountancy Firm Engages in Growth

Accountancy Apprenticeships Take On ACCA Level 7