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Accounting Technician Apprenticeship - Level 4

Accounting Technicians are a fundamental part of any business. They carry out a range of practical and financial work which managers use to make key decisions.

HR Training with AVADO Learning

Find an ambitious technician that’s looking for the next step in their finance career

On this apprenticeship, learners will have responsibility for creating/verifying and reviewing accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation. From this apprenticeship, Accounting Technicians will have gained a professional qualification from a leading industry body, essential for anybody wanting a career in finance.

Who is it for

Those with some experience in finance looking to develop their skills further

Qualifications

  • AAT Professional Diploma in Accounting
  • Accounting Technician Level 4 Apprenticeship

Location

London, Manchester, Birmingham and Bristol

A Level 4 Accounting Technician apprenticeship is ideal for those trying to further their accounting training or become a fully qualified accounting technician. On this 18-month apprenticeship, learners will have responsibility for creating/verifying and reviewing accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation. From this apprenticeship, Accounting Technician’s will have gained a professional qualification from a leading industry body, essential for anybody wanting a career in finance.

Who is the Level 4 Accounting Apprenticeship aimed at?

This apprenticeship is perfect for those with previous experience in finance looking to develop their skills further. You must be able to commit to a full-time job with training on the side. You also have to have Maths and English GCSEs at grade C or above. This apprenticeship is also suited to those who may already work in finance and are trying to learn new skills.

Whether you are an individual trying to enhance your CV or a business trying to hire a new apprentice or up-skill existing staff, this apprenticeship creates competent and confident accounting technicians.

What qualification will I get after the AAT Level 4 Apprenticeship?

Upon completion, you will graduate with a:

  • AAT Professional Diploma in Accounting
  • Accounting Technician Level 4 Apprenticeship

Our apprenticeships are accredited by one of the UK’s leading accountancy body, AAT. Both of which are globally recognised with thousands of members worldwide. Having these qualifications on your CV is highly valuable to employers and will help you get employed in an accountancy firm.

What is an Accounting Technician?

Accounting Technicians can either be employed in an accounting agency or in a specific sector to handle the financial information. An Accounting Technician deals with the preparation of accounts, bookkeeping, processing invoices and submitting tax returns. These roles earn roughly £16-£22,000 to start with, which moves up to £30,000 over time.

*Average UK salary data from Prospects, July 2019

Where is this apprenticeship based?

Our accounting higher apprenticeships are based throughout the UK, in London, Manchester, Birmingham and Bristol.

Find out how to develop your career in finance by speaking to a member of the team today. Simply fill in the above form or view all vacancies.

Topics covered

  • Management Accounting: Budgeting
  • Management Accounting: Budgeting Assessment
  • Management Accounting: Decision and Control
  • Management Accounting: Decision and Control Assessment
  • Financial Statements of Limited Companies
  • Financial Statements of Limited Companies Assessment
  • Accounting Systems and Controls
  • Accounting Systems and Controls Assessmenth

 

Eligibility for the Accounting Technician apprenticeship

Apprentices must meet the following criteria:

  • To be at least 16 years old
  • Have English and Maths GCSEs at grade C (4) or above
  • The right to live and work in England
  • To be able to commit to a full-time job plus the apprenticeship training
  • To not hold a prior finance (or similar) qualification at level 4 or higher

Download our full eligibility checklist here.

What is an apprenticeship?

An apprenticeship is a combination of a full-time job with training. The apprentice’s working time will be split 80/20. 80% of their working time will be spent with you, carrying out their day-to-day responsibilities. 20% of their time will be ‘off-the-job’ and spent working towards their apprenticeship qualification.

What counts as off-the-job training and how is the 20% measured?

Off-the-job training includes:

  • Work spent on their apprenticeship qualification
  • Face to face/virtual classroom training
  • Any employer training
  • Mentoring
  • Work spent on their reflective journal – for Arch it’s Hive Learning
  • Shadowing other teams
  • Attending industry events

At Arch we have a 20% off-the-job tracker that the apprentice, their Learning & Development Coach and line manager monitor.

How is the training delivered?

For the accounting technician programme the training is delivered online and supported by face to face visits with the apprentice’s Learning and Development Coach. Training is delivered in blocks to minimise disruption, so you won’t have someone leaving the office a day a week.

Download the programme overview.

Why would I want to hire an apprentice?

Apprentices have proven to bring great value to a business. By hiring early talent using a structured training programme like an apprenticeship, it significantly improves the chances of the person succeeding. By investing in your early talent, you’ll develop a workforce that’s got skills that match the needs of your business.

76% of employers said that productivity has improved and 75% reported that apprenticeships improved the quality of their product or service. (source)

How are apprenticeships funded?

Apprenticeships are now funded by the Apprenticeship Levy. Businesses with an annual payroll of over £3 million pay 0.5% of their annual payroll into a digital account. The funds are then only redeemable on approved apprenticeship training. Find out more about the levy here.

Can the levy be spent on the apprentice’s salary?

No, funds can only be spent on the apprenticeship training with your training provider.

How do SME’s benefit from the levy?

If you’re a business that sits under the £3 million threshold, if you take on an apprentice you’ll only be required to contribute to 5% of the cost of the apprenticeship, this is called co-investment. For example, this would mean that a £12,000 Digital Marketer apprenticeship would cost you £600 and the government covers the remaining 95%. Payments come out in quarterly instalments.

If you’re a business with 49 employees or less, the government will cover 100% of the costs.

Can an existing employee go on an apprenticeship?

Yes they can. With the levy brought greater flexibility on who is eligible to go on an apprenticeship. As long as the person will be gaining substantial new skills (i.e wants to go on the level 3 digital marketer apprenticeship and has a marketing degree), then they’ll be eligible to go on programme.

Are there any incentives available?

Yes. If you take on a learner that is:

  • 16-18 years old or
  • 19-24 years old with an Education Health and Care plan or
  • 19-24 years old and a care leaver

You’ll receive £1000 split between two payments after month three and month twelve. You only receive this incentive once per learner, so if you’ve already received this incentive with another training provider then you won’t receive it again.

Hire or up-skill

Are you a business interested in the accounting technician apprenticeship?

Whether you're looking to hire a new apprentice or up-skill an existing employee, an Arch apprenticeship guarantees to provide them with the skills to become a confident and competent accounting technician. Find out how to grow your company's finance team and speak to a member of the team today.