Assistant Accountant Apprenticeship

The Assistant Accountant Apprenticeship is at level 3 – equivalent to A-levels – and will equip apprentices with skills and knowledge that can be directly applied in their roles.

The primary role of an assistant accountant is to provide support to internal and external customers and will work within a practice or the finance function of an organisation. Part of their role will involve assisting in the day-to-day financial activities such as data entry to month-end management accounts and/or year-end financial statements. In addition the assistant accountant may find themselves involved in regulatory financial requirements such as the completion of VAT returns or assisting in the preparation of tax computations.

Course Info
How to Apply
Course Overview

The Assistant Accountant Apprenticeship will prepare apprentices for junior and entry-level accounting roles. It delivers a solid foundation in finance administration, covering areas such as double entry bookkeeping and basic costing principles. Learners will then move on to mastering more complex accounting disciplines including financial processes, advanced bookkeeping, final accounts and ethical practices for accountants.

This flexible apprenticeship is delivered in partnership with Mindful Education, and combines online learning with face-to-face lessons in the classroom.

What will I learn?

This qualification covers a range of complex accounting tasks. Apprentices will learn and master financial processes, including accounting principles and concepts, advanced bookkeeping, final accounts, VAT issues in business, management accounting costing techniques and ethical practices for accountants. They will also gain software skills through spreadsheet training for accounting.

This apprenticeship standard is at Level 3. The structure allows students to achieve the AAT (Association of Accounting Technicians) Advanced Diploma in Accounting as their on- programme learning. This internationally recognised AAT qualification enables those working in accounting or those looking to pursue accountancy as a career to gain knowledge, practical experience and the all-important certification often sought by employers.

Example modules

The Level 3 apprenticeship covers a range of key areas, including:

  • Financial Accounting: Preparing Financial Statements
  • Management Accounting Techniques
  • Tax Processes for Businesses
  • Business Awareness.

You will also develop business communications and lifelong learning skills, applying what you learn on the course to the wider industry context

Study Method – Online and On Campus

We have partnered with Mindful Education to deliver this apprenticeship through our Online and On Campus model. Apprentices will attend college once every two weeks and will study online materials during allotted time at work.

Online lessons can be accessed at any time, using a mobile, tablet or desktop – meaning apprentices can fit their study around work commitments, minimising disruption in the workplace. Each lesson lasts around 45 minutes and is accompanied by animations and motion graphics to bring concepts to life. Exercises, interactive case studies and analytical tools help to enhance the learning experience further.

On campus, apprentices benefit from face-to-face classes at college with an experienced tutor. A combination of classroom-based lessons, group exercises and discussion encourage apprentices to apply theory to real-life workplace situations.

This modern, flexible approach to apprenticeship training empowers learners, minimises disruption to employers, and delivers tangible results in the workplace.

Information for Applicants

Entry requirements

Applicants will need to be employed in a relevant accounting role.

5 GCSE’s with maths and English at Grade 5 / C or Functional Skills Level 2 English and maths

Good keyboarding skills are essential as well as a good knowledge of Microsoft Office. Achievement of an AAT Level 2 Foundation Certificate in Accounting is advantageous but not essential.

Progression

You can progress on to the Professional Accounting Technician Apprenticeship – AAT Professional Diploma in Accounting at Level 4.

Assessment

How will I be assessed?

To complete the Assistant Accountant apprenticeship, apprentices will be expected to complete:

● A synoptic end-test covering the knowledge and skills gained throughout the on- programme stage and detailed in the standard.

● A portfolio and reflective discussion which will comprise a range of evidence produced in the work-place to show that the Apprentice has met the knowledge, skills and behaviours detailed in the standard. The reflective discussion will be a structured interview to examine this evidence and the learner journey in more detail.

Information for Employers

How is my business going to benefit from an Apprentice?

Fill your skills gaps: an Apprentice’s training is tailored to your organisation’s needs, resulting in a loyal, motivated work force Increase productivity by developing staff skills and expertise Value for money: a cost effective way to attract new talent and fresh eyes into your organisation Cost saving: we can advertise your vacancies and recruit the best candidates for your needs.

How can I fit an Assistant Accountant apprentice into my business?

Typical job roles this standard can apply to within

 Assistant Accountant / Trainee Accounting Technician / Accounts Clerk / Cashier / Finance Assistant / Purchase Ledger Clerk / Sales Ledger Clerk

As well as ensuring full competency on completion as an Assistant Accountant, this standard provides the foundation for progression into a number of career paths in the Accounting sector including Audit Trainee, Corporate Recovery Analyst, Credit Controller or Tax Accountant.

An industry recognised professional qualification AAT Advanced Diploma can be built into the course which your apprentice will bring back to the business, providing value for money and a return on investment in their career as well as bringing back up to date knowledge from college.

What will this cost my business?

Levy paying employers can access levy funds to pay for this programme, and our blended learning model can contribute to the 20% off- the-job training requirement.

The introduction of the Apprenticeship Levy in April 2017 has changed the way that government funds apprenticeships in England. All businesses operating within the UK with a wage bill of over £3million are required to contribute to the Apprenticeship Levy.

  • If the levy applies to your business you will be required to pay 0.5% of your entire wage bill into the levy. This will be offset against a levy allowance worth £15,000 for each tax year.
  • You will only be able to use your levy payment for government backed apprenticeships.
  • Levy payments will expire after 18 months.

Speak to an advisor at CI Business Solutions on 01206 712727 to make your levy payments work for you.

Non-levy paying employers will need to contribute 5% of the maximum funding band as published by the Skills Funding Agency for the delivery of training and assessment for their apprenticeship.

Levy paying employers will pay the full cost of the agreed funding band using their Digital Apprenticeship account.

Employers with less than 50 employees who are recruiting an apprentice aged 16-18 years old will not be required to pay the contribution fee.

Any associated cost to the individual will be made clear at the interview.

Speak to an Advisor at CI Business Solutions on 01206 712727 to make your levy payments work for you.

Does the apprentice have to attend college?

College attendance of 6 hours weekly for a teaching session will be required over the 18 months of the course.

What about support in the workplace?

Skilled and knowledgeable staff must be available to support the apprentice as they complete work- based tasks and build a portfolio.

Why should I choose Colchester Institute to support my recruitment and retention?

Colchester Institute is the largest college provider of apprenticeships in Greater Essex. We are experts at connecting the right people, to the right training, to the right business – and when it comes to Apprenticeships, our Apprenticeship Advisors can support your business every step of the way.

As part of our service we can support your business with:

  • Advertising the Apprenticeship vacancy
  • Manage the applications received in line with your individual requirements
  • Match prospective candidates already known to us
  • Conduct initial pre-screening for candidates
  • Carry out visits to your premises alongside regular reviews to support you, your staff and your apprentice
  • Advice on any grants or funding where available

Our team will provide:

  • A fee free recruitment service.
  • Personal 1:1 Apprenticeship Levy advice and guidance.
  • A dedicated Account Manager.
  • Industry experienced, professional, technical trainers.
  • Bespoke programmes available upon request.
  • An Essex priority skills focus.
  • Free employer events.

Looking for a new career, job or maybe a qualification to take your current role to the next level?

Previously apprenticeships were primarily aimed towards 16-18 year olds but government reforms introduced in March 2017 mean that there is no longer an upper age limit for commencing an apprenticeship, even if you already possess a degree or higher level qualification (all applicants must be eligible for funding).

To apply for an apprenticeship please read through the information below and then select the correct application button from the menu located further down the page.

Aged between 15 and 18

The application window for joint applications for full-time courses and apprenticeships starting in September 2023 opened on Monday 3rd October at 12pm.

In order to study an apprenticeship you must have an employer willing to take you on as an apprentice and have an offer of employment in place by September, ready for enrolment.

The information below applies to those:

  • currently in year 11 and looking to study on an apprenticeship upon finishing school
  • currently in year 11 and looking to make a joint full-time and apprenticeship application, so that both options are available to be pursued upon finishing school (although you can apply for both options you will eventually need to choose between a full-time programme or apprenticeship, you cannot do both at the same time)
  • currently in year 12* on a full-time course and looking to find an apprenticeship to start after the end of the summer term

If you are interested in an Apprenticeship but do not yet have a contract of employment from an employer, we strongly advise you to apply for a full-time programme as well so you have a back-up. We will process both your full-time application and apprenticeship application until you inform us that you have secured an employer and have an Apprenticeship contract in place, at which point your apprenticeship application will take priority.

If you do have an employer with an Apprenticeship contract of employment in place, we still strongly advise that you apply for a full-time programme as well so you that you have a back-up in case this falls through.

Once you have read the above please click the button ’15 – 18 Years – Apply Online’ in the menu underneath this section and you will be taken to the next stage of the application process.

*If you are currently in year 12 and 13, but looking to find an apprenticeship and switch mid-year then please contact our Apprenticeship Admissions Team where they will advise you on suitable vacancies.

01206 712043 – Apprenticeship Admissions or email:

ci.apprenticeships@colchester.ac.uk

Aged 19+

In order to study an apprenticeship you must have an employer willing to take you on as an apprentice and with an offer of employment in place.

Please read through the information below and follow the information that applies to your current status.

If you do have an employer with an Apprenticeship contract of employment in place then please click the button ’19+ Years – How to Apply’ located in the menu underneath this section, where you will be taken to the next stage of the application process.

I am already in employment and my employer would like to put me through an apprenticeship

If you are already in employment then please contact our Apprenticeship Admissions Team where they will work with you and your employer to complete the sign-up and enrolment onto the programme.

01206 712043 – Apprenticeship Admissions or email:

ci.apprenticeships@colchester.ac.uk

I don’t have an employer

If you do not have a contract offer of employment from an employer in place then there are other options available to you:

Apply for a vacancy

Employers can recruit for apprentice positions all year round. We have apprenticeship vacancies listed on our website throughout the year in a variety of industries and with employers small, medium and large.

View our live vacancies

Join Our Talent Pool

All you have to do is complete and submit our Talent Pool application form, attend a pre-screening assessment/interview and be available when contacted. We will then send your details along with your profile to employers looking for an apprentice, inform you if you are selected for interview, and send you guidance to prepare you for interview.

Join our Talent Pool

If you are unsure about any of the above and would like to speak to our apprenticeships team directly then please contact us using the below:

01206 712043 – Applicant Enquiries or email:

ci.apprenticeships@colchester.ac.uk

Employer Enquiries

If you would be interested to find out more about how this apprenticeship can work for your business or already have a member of staff who this apprenticeship would be perfect for please contact us using the ‘Hire an Apprentice: Enquire Here’ button in the menu below.

Assistant Accountant Apprenticeship
Course Outline: Provides support to internal and external customers, working within an organisations practice or finance function.

Starting employment as an apprentice can occur throughout the year. However, the start date for attending college for training, where required, or if delivered online, when sessions begin, will vary depending on the type of apprenticeship and will be communicated post-employment and sign-up.

LevelLevel 3
LocationColchester
Duration15 - 18 months
Campus / Adult Skills CentreColchester Campus
Apprenticeship Funding Band (Levy paying employers)£8,000
Employer Contribution Fee (Non-levy paying employers)£400

What will this cost my Business?

Non-levy paying employers will need to contribute 5% of the maximum funding band as published by the Skills Funding Agency for the delivery of training and assessment for their apprenticeship. Levy paying employers will pay the full cost of the agreed funding band using their Digital Apprenticeship account.

Apprenticeship Funding Bands

Apprenticeship Funding Bands
Employers with less than 50 employees who are recruiting an apprentice aged 16-18 years old will not be required to pay the contribution fee. Any associated cost to the individual will be made clear at the interview.

Disclaimer

All fees, prices and funding information shown on this page are for courses starting in the 2022-23 academic year unless stated otherwise, and are correct at the time of entering/printing information, however these may be subject to change due to factors outside of our control. The College cannot accept legal or financial liability as a result of any such changes.

Courses fees are generally not confirmed for September until June / July due to the above factors.

The course information describes programmes offered by Colchester Institute. The College takes all reasonable steps to provide courses as described, but cannot guarantee provision. The information is for guidance and does not form any part of a contract.

The College reserves the right to update and amend information as and when necessary. Colchester Institute will do its best to provide the courses shown, but may have to modify or withdraw a course depending on customer demand and other factors.