Professional Accounting / Tax Technician Higher Apprenticeship Level 4

Individuals in the role of a Professional Accounting / Tax Technician will have responsibility for creating, and / or verifying and reviewing, accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation. This will be performed in order to meet relevant ethical, professional and legal standards, and will utilise the individual’s knowledge of the business systems and processes, as well as standard accounting and tax practices. This role may exist in an accounting practice, a professional services company, HMRC or the accounting function of a business or other organisation.

Course Info
How to Apply
Course Overview

This AAT (Association of Accounting Technicians) professional level apprenticeship is a higher- level accounting qualification. If you successfully complete this qualification and fulfil the AAT’s work experience requirements, you can apply for AAT full membership and achieve professional AAT (MAAT) status.

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

The duration of the apprenticeship will be 18-24 months.

What will I learn?

In this apprenticeship you will cover higher accounting tasks including drafting financial statements, managing budgets and evaluating financial performance.

Optional specialist units are also available. Apprentices who complete these additional two units will be awarded an AAT Level 4 Professional Diploma in Accounting and be eligible to apply for full AAT membership. This internationally recognised AAT (Association of Accounting Technicians) qualification enables those working in accounting or those who looking to pursue accountancy as a career to gain knowledge, practical experience and the all-important certification often sought by employers.

Units of Study

The Level 4 course covers a range of key areas, including:

  • Applied Management Accounting
  • Drafting and Interpreting Financial Statements
  •  Internal Accounting Systems and Controls

These core units of study are assessed at unit level. In addition, a synoptic assessment will ask students to apply knowledge and skills gained across the qualification in an integrated way, within a workplace context.

Optional units – select two of the following (subject to availability):

  • Business Tax
  • Personal Tax
  • Audit and Assurance
  • Cash and Financial Management
  • Credit and Debt Management

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

What are the entry requirements?

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

You must have a sound knowledge of accounting principles to undertake the AAT Level 4 programme. Achievement of an AAT Level 3 Advanced Diploma in Accounting is essential.

Progression

The accountancy skills developed by studying this qualification will enable you to seek employment with confidence, and/or to progress to study chartered accountancy.

Career opportunities

The Professional Diploma in Accounting can lead to the achievement of professional AAT (MAAT) status. Employment opportunities include: Accounts Payable and Expenses Supervisor, Assistant Financial Accountant, Commercial Analyst, Cost Accountant, Indirect Tax Manager, Payments and Billing Manager, Payroll Manager, Senior Finance Officer, Senior Insolvency Administrator, Tax Supervisor, VAT Accountant.

Assessment

How will I be assessed?

After completing their On Programme Learning, sitting a synoptic end-test covering the knowledge and skills gained throughout the on-programme stage and detailed in the standard, apprentices will be expected to complete their End Point Assessment (EPA), consisting of:

● An online assessment, where you’ll tackle a series of business- related tasks through
simulation in line with typical role activities; and

● Submission of a portfolio of evidence gathered from the workplace. You must then
reflect on the portfolio through a written statement or professional discussion.

Information for Employers

How can I fit this apprentice into my business?

Fill your skills gaps: an Apprentice’s training is tailored to your organisation’s needs, resulting in a loyal, motivated work force an ncrease productivity by developing staff skills and expertise

How is my business going to benefit from an Apprentice?

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

Apprenticeships make good business sense: taking on an apprentice requires minimal financial investment but delivers a committed, highly motivated individual whose skills are advancing rapidly and who can make a positive impact on a business.

Apprenticeships make hiring simpler and cheaper: 59% of employers report that training apprentices is more cost-effective than hiring skilled staff, and that apprenticeships lead to lower overall training costs. More than half say that hiring apprentices reduces overall recruitment costs.

Apprenticeships can drive motivation and retention: providing an apprenticeship programme demonstrates commitment to long-term development that staff will recognise and value, leading to higher retention. 92% of employers who employ apprentices say that apprenticeships lead to a more motivated and satisfied workforce, with staff members contributing to their apprentices’ training and valuing the experience and opportunity to contribute.

Apprenticeships can develop existing staff: apprenticeships are not just for new hires – business can now use them to structure and accelerate the training and development of current staff. With ACCA’s pathways this can further enhance retention and drive the acquisition of advanced skills, right up to chartered certified status.

They can introduce fresh perspectives and new ideas: apprenticeships are a powerful way to attract new talent into an organisation – bringing millennials into the workplace who tend to be more digitally savvy, so supporting the existing workforce. By providing ACCA apprenticeships, businesses can engage diverse local and national talent, and offer a genuine alternative to university that allows people to launch and build their careers.

Apprenticeships build a talent pipeline they more than repay the investment. Through apprentices, employers will create long-term assets and advocates for their business – 57% of employers report a high proportion of their apprentices going onto management positions within their organisations.

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.

How is the apprentice assessed?

Regular progress reviews throughout the programme which will also include you as the employer

The end point assessment will consist of two parts.

Part 1: an online assessment, giving the opportunity to tackle a series of business-related tasks through simulation in line with typical role activities.

Part 2: a review of the portfolio of evidence. This will be used to demonstrate competence in the knowledge, skills and behaviors defined within the standard. Evidence for this element will be gathered from the workplace during the on programme learning.  As an apprentice they will be required to reflect on their portfolio of evidence through a professional discussion.

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.

To apply for this apprenticeship please read through the information below and then click the ‘Apply Online’ button from the menu located further down the page where you will be able to proceed with your application.

In order to enrol onto this apprenticeship programme you must either:

  • be already in employment in a suitable role with an employer willing to put you through the apprenticeship training

or

  • have an employer willing to appoint you as an apprentice in a suitable role and put you through the apprenticeship training

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.

Professional Accounting / Tax Technician Higher Apprenticeship Level 4
Course Outline: Responsible for creating, and / or verifying and reviewing, accurate and timely financial information

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 4
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.