Overview of apprenticeship
An Accounts or finance assistant is an integral part of the team responsible for maintaining an efficient and accurate finance function within a business. The Accounts or finance assistant is responsible for assisting the team of accountants 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. Potential employers include corporate businesses, sole traders, partnerships, Public sector, not-for-profit organisations and educational institutions. Accounts or finance assistant may work in-house for an organisation or they might work for accountancy firm, bookkeeping practice, Shared Service provider, self-employed or on behalf of several different clients.
Delivery Plan and Assessment
All Apprentices must spend 20% of their time on programme completing Off-The-Job training, this includes independent study, internal training, and any shadow shifts. Apprentices will be supported by 1:1 meetings in the workplace by their dedicated Programme Tutor. Additional learning resources and information will be made available online to ensure a fully blended learning experience. Apprentices may be required to attend weekly or monthly sessions at a WSC location, or in their workplace dependent on need.
Learners will be required to complete an End Point Assessment at the end of their learning.
Where will this course take me?
As well as ensuring full competence as a Finance Assistant, this apprenticeship provides a potential progression into the Level 3 Assistant Accountant Apprenticeship which includes AAT.
Down to business, what can I do and what can I earn?
Your wage is decided by your employer however must meet the National Minimum Wage regulations https://www.gov.uk/national-minimum-wage-rates.
Whilst any entry requirements will be a matter for individual employers, typically an apprentice might be expected to have already achieved 5 GCSEs including Maths and English, Grade C or above or 4/5 (new grading). Some employers will accept other relevant qualifications and experience, including a relevant Level 2 qualification.
Apprentices without English and Maths at Level 2 must achieve these prior to taking their End Point Assessment.
On completion of the apprenticeship, you will have achieved:
- Full Level 2 Accounts or Finance Assistant Standard.
- AAT Foundation certificate in accounting (Level 2).
- Skills for Success - This module is designed by West Suffolk College to ensure you have all the personal skills and behaviours to succeed in the workplace.
- Any required Functional Skills in English or Maths.
How is this funded?
Apprentices are not required to contribute financially towards Apprenticeship training.
If you are an employer with an annual wage bill of £3 million or more, you will pay into an apprenticeship levy. This levy is then used to pay for the training element of the apprenticeship course. The total figure for the Apprenticeship is negotiated before enrolment and once confirmed will be taken in monthly payments from your account directly to us or paid to us via invoice should additional fees be required.
If you are an employer with an annual wage bill of under £3 million, the Government will fund 95% of the training fee meaning you will be required to contribute 5%. You may be required to contribute additional fees which we will invoice the company for. The additional fees will be made known and negotiated prior to the Apprentice enrolment.
There are additional incentives available if you are a small employer (under 50) and if you train/recruit a 16-18 year old or 19-24 year old with an Education Health and Care Plan.
Registration and Exam Fees
Registration to become a member of the AAT is mandatory for all students and costs £99 per year with a one off admission fee of £48. This fee can be paid by the employer or the learner but must be done so directly to the AAT.
Apprenticeship funding cannot be utilised to pay for these fees and must be paid for by the employer.
Try out our apprenticeship levy calculator here
I'm interested. What should I do now?
You apply for an Apprenticeship in the same way you would apply for a job: find an apprenticeship vacancy, send in your CV or complete an application. We can help you with applications and give you interview advice. Please view the following page on our website to see our latest Apprenticeship vacancies.
Apprenticeship Vacancies: https://www.wsc.ac.uk/find-a-course/apprenticeships/vacancies
Alternatively, you can look on the GOV.UK website to see what other Apprenticeships vacancies may be available: https://www.findapprenticeship.service.gov.uk/apprenticeshipsearch
Employers - Please contact us to speak with a member of the Apprenticeship Team for more information and to organise a face to face visit.
Days & times
Please contact us for dates and further information