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Skill Overview

Professional Accounting or Taxation Technician Level 4 Apprentices will be trained to take responsibility for creating, and/or verifying and reviewing, accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation.

They will be coached and mentored to follow ethical, professional and legal standards, and utilise their knowledge of the business systems and processes, as well as standard accounting and tax practices in their daily work.

The Professional Accounting or Tax Technician standard allows student registration with a number of UK professional bodies in this sector. If a candidate seeks to become a member of a professional body there may be other requirements specific to the relevant professional body, which may be taken as part of, or alongside, the apprenticeship at the employer’s and candidate’s discretion.

Our Professional Accounting or Taxation Technician Level 4 Apprenticeship programme is tailored to both the needs of the business and the learner. Once trained, the apprentice can pursue an advanced career in accounting, finance or taxation.

Learning Objectives

Understand how the budgetary process works while learning to construct budgets, identifying and reporting on areas of success and concern to stakeholders. Covers skills required to evaluate organisational performance and advise. Also covers issues surrounding short and long-term decision making.
Gain knowledge for drafting financial statements of single limited companies and consolidated financial statements for groups of companies. Ensures a proficient level of knowledge and understanding of international accounting standards, which are applied when drafting the financial statements.
Consider the role and responsibilities of the accounting function, including needs of key stakeholders who use financial reports to make decisions. Review accounting systems to identify weaknesses and make recommendations to mitigate identified weaknesses in future operations.
Develop a wider understanding on principles and concepts of audit and assurance services, including legal and professional rules. Provides an awareness of the audit process from planning and risk assessment to the final completion and production of the audit report.
Introduces UK taxation that’s relevant to businesses. Understand how to compute business taxes for sole traders, partnerships and limited companies, while identifying tax planning opportunities and understanding the importance of maintaining ethical standards.
Focuses on the importance of managing cash within organisations. Covers the knowledge and skills required to make informed decisions on financing and investment, in accordance with organisational policies and external regulations.
Provides an understanding and application on principles of effective credit control systems, including appropriate debt management systems. As organisations offer credit terms to customers, it is important to determine risks on potential credit customers and if they can honour credit terms agreed.
Provides knowledge of the three most common taxes for UK taxpayers: income tax, capital gains tax and inheritance tax. Be prepared to manage computational aspects of these taxes and appreciate how taxpayers can legally minimise their overall taxation liability.

Funding Option

Funding Eligibility

This opportunity is only available to business owners, managers and team leaders looking to upskill their staff. If you are unemployed or exploring new career options, you can start your apprenticeship journey by sending your CV to: info@360apprenticeships.co.uk

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.

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