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.

Information for Applicants

What knowledge and skills are covered?

Classroom based – incorporates the AAT Level 4 Advanced Diploma in Accounting, made up of five units.  Four of these units are mandatory:

  • Financial Statements for Limited Companies
  • Management Accounting: Budgeting
  • Management Accounting: Decision and Control

With two specialist units from a choice of five:

  • Business Tax
  • Personal Tax

Online learning route – incorporating the ACCA Level 4 Diploma in Accounting & Business, covering three main subject areas, each delivered over a 14 week period with an online exam which must be passed before progressing to the next:

  • Accountant in Business
  • Financial Accounting
  • Management Accounting

Apprentices will also take ACCA’s Foundations in Professionalism online module, which will help them develop their understanding of what it means to act professionally and ethically in the work they carry out.

What are the entry requirements?

Apprentices will be required to have completed a Level 3 apprenticeship in accounting or AAT level 3 diploma or a business degree which covered accounting modules. Apprentices will need to be employed for a minimum of 30 hours in a suitable work placement. Individual employers will set the selection criteria.

AAT membership and books will be discussed at interview. Membership of the AAT is compulsory and an additional fee applies.

How often do I 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 will I be assessed?

Regular progress reviews throughout the programme which will also include your employer

For Apprentices following the Examination Route they will attempt Examinations set and marked by ACCA for their approved qualification at suitable points in their Apprenticeship, as agreed between the Apprentice and their Employer.

All Apprentices will be required to maintain evidence of their work, via their Training Log, over the On-programme Assessment stage, which will contribute towards a Portfolio, submitted at the end of the Apprenticeship. The Portfolio will form part of the End-point Assessment.

The end point assessment will consist of two parts.

A Portfolio of evidence that demonstrates competence in the Knowledge, Skills and Behaviours defined in the Standard, which have been gathered from practical experience in the workplace. This can include outputs from work, independent feedback, observations and professional discussions. The Apprentice must then produce a Reflective Statement that reflects on this Portfolio, either through a written statement, presentation or structured discussion with Independent Assessors appointed by an Assessment Organisation.

A Role Simulation giving the Apprentice the opportunity to tackle a series of business-related tasks through a simulation that reflects activities undertaken in a typical role at this level of competence.

What can I do next?

Completion of the Professional Accounting/Tax Technician Apprenticeship may lead to the candidate receiving credits towards the completion of the Professional Accountant/Tax Apprenticeship or Chartered Accountancy/Taxation qualifications provided by the relevant Professional Bodies. Completion of the Professional Accounting/Tax Technician Apprenticeship may also result in credits being awarded towards relevant undergraduate degree programmes.

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?

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.

As the largest college provider of apprenticeships in Essex, we can provide expert advice and guidance on all areas of apprenticeship provision, including helping you find the right apprenticeship for your business, recruiting apprentices, quality delivery and assessment with on-going support and advice.

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 expert 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 tutors.
  • Bespoke programmes available upon request.
  • An Essex priority skills focus.
  • Free employer events.
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, might vary depending on the type of apprenticeship and will be communicated post-employment and sign-up.

LevelLevel 4
LocationColchester
Duration15 - 18 Months
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 and prices shown on the website are for courses starting in the 2018-19 academic year unless stated otherwise, and are correct at the time of entering/printing information, however these may be subject to change. The College cannot accept legal or financial liability as a result of any such changes.

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.