Assistant Accountant Level 3 Apprenticeship Standard

Overview

An assistant accountant provides support to internal and external customers and will mainly work either as an assistant accountant within practice or, alternatively, within 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 be involved in regulatory financial requirements such as the completion of VAT returns or assisting in the preparation of tax computations.

Occupation

Assistant Accountant

Level

Level 3

Typical duration

15 - 18 months

Code

ST0002

Maximum Funding Value

£8,000

Delivery model

Delivery is flexible to suit the individual apprentice and their employer. The apprentice will have a minimum of one tutorial per month either in person in the workplace or remotely via an online meeting. Group sessions may be available on some programmes.

Entry requirements

  • Individual employers set the selection criteria, but this is likely to include five GCSEs at grade 4/C or above, including Maths and English. Some employers will accept other relevant qualifications and experience, including a relevant Level 2 qualification. 
  • Apprentices must be employed in order to study for this qualification. Please see our Apprenticeship vacancies.
  • The apprentice must be at least 16 years of age.

Knowledge outcomes

  • Business awareness: 
    • Understands the transactional processes and support provided by accountancy firms or the accounting function within an organisation.
    • Understands their organisation's business strategy including customer and supplier needs, in order to produce relevant and compliant financial information.
    • Is aware of how their role fits in with the wider organisation and sector they are working in.
  • IT systems and processes: 
    • Understands how to enter accounting transactions, perform reconciliation and correct errors.
    • Can produce a range of reports using a computerised accounting system.
    • Understands the systems and process of the organisation, within the responsibility of the position.
    • Understands the use of all relevant office and accounting packages used within their organisation.
  • Ethical standards: 
    • Understands the relevant ethical standards to protect professional reputation and integrity.
    • Understands the importance of upholding relevant codes of conduct.
  • Financial accounting and reporting: 
    • Understands the basic elements of double-entry bookkeeping.
    • Understands accounting standards required to process financial documents.
    • Can report financial information to users of accounts.
    • Understands the current financial standards for basic accounts preparation, in order to be able to make any necessary end of year adjustments.
    • Understands what is required to draft final accounts.
    • Understands how to account for the purchase and disposal of non-current assets.
    • Understands the basic tax principles to apply current regulations to calculate VAT and submit a VAT return.
  • Management accounting: 
    • Understands how to recognise and use different accounting approaches.
    • Able to gather, analyse and report information about income and expenditure to support decision-making, planning and control.

Skills Outcomes

  • Analysis: 
    • Effectively records and analyses financial data using the organisation’s standard tools and processes.
    • Communicates to all stakeholders to aid decision making.
  • Communication: 
    • Works both independently and as part of a team within the organisation’s standards.
    • Competently demonstrates an ability to communicate both in writing and orally at all levels.
    • Demonstrates strong interpersonal skills and cultural awareness when dealing with internal and external customers.
    • Demonstrates the ability to communicate financial information in a way that non-finance staff can interpret and understand.
  • Produces quality and accurate information: 
    • Consistently delivers high quality, ‘right first time’ financial and performance data in a timely fashion, to aid decision making and planning.
  • Uses systems and processes: 
    • Can identify the appropriate systems and processes for work, in order to complete the required tasks.
    • Demonstrates competent use of office and accounting packages.
    • Able to maintain the security of accounting information using passwords and backup routines.
  • Problem solving: 
    • Applies techniques to both common and non-routine problems. Can analyse where required.
    • Selects the appropriate tools and techniques to produce solutions.
    • Escalates or seeks guidance and support where appropriate.

Behaviour outcomes

  • Embracing change: 
    • Accepts changing priorities and working requirements readily.
    • Has the flexibility to maintain high standards in a changing environment.
  • Adding value: 
    • Identifies opportunities to actively engage in the wider business when appropriate.
    • Provides information that positively contributes to influencing business decisions.
    • Continually strives to improve own working processes and those of the organisation.
  • Ethics and integrity: 
    • Applies a transparent and objective manner to ensure that they meet the ethical requirements of the profession.
  • Personal accountability: 
    • Takes the initiative for own personal development.
    • Proactively takes responsibility for completing tasks and meeting expectations.
    • Consistently prioritises in order to achieve timely outcomes.
  • Productivity: 
    • Organises work effectively and achieves required results within deadlines.
    • Performs professionally in pressurised situations.
    • Escalates appropriately when necessary.
  • Team working and collaboration: 
    • Consistently supports colleagues and collaborates to achieve results.
    • Aware of their role within the team and their impact on others.

External qualifications

This apprenticeship does not feature any external qualifications.

End Point Assessment

  • Synoptic test
  • Portfolio and discussion

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For more information about this course please contact us.


Queens Court Regent Street Barnsley South Yorkshire S70 2EG
Tel: 01226 216760 | Email: info@ind-training.co.uk | www.independenttrainingservices.co.uk

These course details were downloaded on 21/12/2024

https://www.independenttrainingservices.co.uk/courses-new/accounting-and-finance/apprenticeships/assistant-accountant-level-3-apprenticeship-standard

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