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Assistant Accountant Apprenticeship - Level 3

Assistant accountants are responsible for the monthly control accounts and assisting in the preparation of VAT, while also undertaking financial administrative tasks and liaising with suppliers. This apprenticeship will provide accountants with the skills to be an excellent support function for the finance team including helping internal and external customers.

HR Training with AVADO Learning

Experience the benefits of having a confident career starter on your finance team

On this apprenticeship, learners will assist in the day to day financial activities such as data entry to month-end management accounts and/or year-end financial statements. From this apprenticeship, they will gain the AAT Advanced Diploma in Accounting and will become eligible to apply for AAT associate bookkeeping membership.

Who is it for

Anyone looking to start their accounting career

Qualifications

  • AAT Advanced Diploma in Accounting
  • Assistant Accountant Level 3 Apprenticeship

Location

London, Manchester, Birmingham and Bristol

A level 3 accounting apprenticeship is the perfect gateway to your accounting career. During these 18 months of training, you will receive on the job experience alongside online tutoring from experts. Learners will assist in the day to day financial activities such as data entry to month-end management accounts and/or year-end financial statements. Upon completion, you will be eligible to be an Assistant Accountant or to further your training with an AAT level 4 course.

Who is the AAT Level 3 Apprenticeship for?

As this apprenticeship is level 3, it’s open for anyone looking to start a career in accountancy, regardless of experience. The only qualifications needed are Maths and English GCSEs at grade C or above. However, this apprenticeship can also be useful for existing employees looking to further their accountancy skills.

Are you a business interested in the assistant accountant apprenticeship?

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

What qualifications will I earn from this AAT Apprenticeship?

Upon completion of the AAT Level 3 Apprenticeship, you will have earned an AAT Advanced Diploma in Accounting and Assistant Accountant Level 3 Apprenticeship. This qualification means you will become eligible to apply for AAT associate bookkeeping membership allowing you to become a freelance bookkeeper. You can also further your studies with a Level 4 accountancy apprenticeship to complete your AAT training and become a fully qualified accountant.

Alternatively, after this apprenticeship you will be eligible for roles such as Assistant Accountant or Finance Officer, which earn roughly £23-£25,000.

*Average UK salary data from Totaljobs Salary Checker, April 2017

How does an AAT level 3 apprenticeship work?

For the assistant accountant 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 to leave the office a day a week.

Throughout this apprenticeship you’ll gain valuable skills for your CV that will help you stand out to potential employers, this includes skills in bookkeeping, management accounting, indirect tax and accounts preparation, as well as essential industry software.

Download the programme overview.

Where is this apprenticeship based?

Our apprenticeship locations are scattered throughout the UK. For added convenience, we offer our accountancy apprenticeships in Manchester, Birmingham, Bristol and London.

If you’re interested in this apprenticeship or have any questions, please fill in the above form or view our vacancies today.

Topics covered

  • Advanced Bookkeeping
  • Financial Accounts Preparation
  • Indirect Tax
  • Management Accounting: Costing
  • Ethics for Accountants
  • Spreadsheets for Accountants

 

Eligibility for the Assistant Accountant apprenticeship

Apprentices will need to 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 3 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 assistant accountant 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 assistant accountant 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 assistant accountant. Find out how to grow your company's finance team and speak to a member of the team today.