Skill Details

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Skill Details

Skill Name

Skill Category

Is Accredited

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Is Apprenticeship

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Skill Overview

"This occupation is found in organisations of all sizes whether small, medium, large or global.
They may work in the accounts or finance department of a company, a solo owned business or partnership. In the public sector they may work in settings such as local government, hospitals, schools and colleges. They may work within a firm of accountants providing services to a range of clients.
The broad purpose of the occupation is to carry out accounting and finance tasks. These tasks support the creation of items such as financial statements and other data. Their work is carried out under supervision following set procedures for most tasks. Such tasks may include financial data entry, reconciling figures, trial balances, double-entry bookkeeping, handling accounts payable and receivable. 
An accounts or finance assistant is an integral part of the team responsible for maintaining an efficient and accurate finance function within an organisation. 
The accounts or finance assistant is responsible for assisting accountants with routine duties. These can vary depending on the team structure and size of business. They use digital finance and accounting systems and tools to collate and enter data. An accounts or finance assistant’s work would include tasks such as financial and accounting data entry and basic bookkeeping  duties. They will also work with sales or purchase ledgers. They will run calculations to ensure that records and payments are correct and may be involved in the recording of cash transactions.
In their daily work, an accounts of finance assistant interacts with a wide range of internal and external stakeholders. This could include junior colleagues, supervisors, senior managers, clients and customers, suppliers, lenders and government agencies.
An accounts or finance assistant will  gather and input financial data and check that work for errors. They work under supervision to contribute towards the creation of accurate financial statements and data to help the organisation run effectively."

Learning Objectives

Duties of the job role covered as part of the Apprenticeship:
Duty 1 Be aware of the organisation's needs and activities and their impact for accounting and finance.																																
Duty 2 Identify, collate and process financial and accounting data from primary sources such as business records.																																
Duty 3 Examine financial and accounting data to identify issues with quality and reliability as instructed and in accordance with guidance.																																
Duty 4 Rectify errors in financial and accounting data, escalating problems beyond their remit as appropriate.																																
Duty 5 Reconcile transactional data to minimise the chance of errors in financial and accounting outputs such as sales and purchase invoices, sale and purchase orders, bank statements and payroll.																																
Duty 6 Plan and review workloads with supervisor to ensure best use of time to complete allocated tasks efficiently.																																
Duty 7 Communicate with internal and external stakeholders using appropriate methods and professional language. Examples may include letters, ‘phone, face-to-face, e-mail, video call, online chat functions etc.																																
Duty 8 Use financial and accounting software packages to input and manage data safely and securely in line with organisational instructions.																																
Duty 9 Provide support to team members to help ensure that financial and accounting activities are carried out within expected timescales and quality expectations.																																
Duty 10 Keep up to date with developments to enhance relevant skills and take responsibility for own professional development.

Funding Option

Funding Eligibility

For apprentices aged 16-21 the training costs are fully funded by the government. For apprentices aged over 21, there is a 5% co-investment which would be paid by the employer. Alternatively, the training costs can be covered by utilising the Apprenticeship Levy Fund.

Skill Price ex VAT (£)

Skill Length

Skill Level

Skill Timings

Delivery Method

Skill Eligibility (Prerequisites for skill/software requirements)

Applicant must be eligible for ESFA funding and in a job role where the duties in learning objectives can be undertaken as part of normal day to day activities

Last Application Date

Skill Enrolment

Skill Status

Skill Details

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