Insights What You Need to Know About Apprenticeships in Accounting
4 months ago

What You Need to Know About Apprenticeships in Accounting

Accounting Apprenticeships

A career in accounting may seem dull for some. But finance plays an essential role in any business – you could be monitoring financial activities and managing money in and money out. It’s the backbone to a business so why would you not want to be part of it?

Worried about your maths skills?  With computers doing the maths for you, it’s more important to be IT literate and be able to communicate with other people. 

Here’s what you need to know about apprenticeships in accounting:

To become a qualified accountant, you will need to complete professional examinations set by one of the accountancy professional bodies. People working in the industry usually choose either the Chartered Institute of Management Accountants or the Association of Chartered Certified Accountants. For the moment, it is a requirement of the profession that these examinations are completed successfully along with the submission of a personal record of achievement and evidence of experience of working on the job. 

Did you know that you can achieve your AAT qualifications through a professional apprenticeship?

An accountancy apprenticeship will pay you a wage, whilst you are learning on the job and working towards your qualifications.  You can qualify with apprenticeships at Level 2, 3 and 4 taking you to a full AAT qualification, which in turn will exempt you from some of the professional examinations if you choose to pursue the professional route. 

What career opportunities are there?

All companies have accounts departments, so there is never a shortage of opportunities.  Once qualified there are many career paths you can take from tax adviser through to an accounts manager or technician.  Work can also be flexible depending on your employer or if you become self-employed. 

So, what are the responsibilities of an assistant accountant apprentice?

When applying for an entry level accountancy apprenticeship, you will be expected to provide support to internal and external customers and will either work as an account assistant within a practice or within a finance department. Some of the other duties may include data entry or completion of VAT returns. 

What are the entry requirements for an apprenticeship?

Employers generally will require you to meet their minimum entry level for an apprenticeship, which is usually 5 GCSEs, including Maths and English.  Some may set their own selection criteria.  They may also accept other qualifications that are equivalent to what they’re looking for. If you apply for a role without a level 2 in Maths and English, you will need to achieve this first. Of course, this will be different if you intend on applying for a higher-level apprenticeship in accounting. ALWAYS check the entry requirements before applying. 

Do you consider yourself bright?  Ambitious?  Or want to be a future board member?

If you answered yes to the above, perhaps a career in accounting could be for you. If you want to kick-start your career with an apprenticeship, contact us today