L4 Professional Accounting | COPA Apprenticeships

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COPA Apprenticeships
Mochdre Business Park
St David's House
Colwyn Bay
LL28 5HB

Tel: 01492 543 431
Email: enquiries@copaapprenticeships.com

COPA Apprenticeships

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Apprenticeship Standard
L4 Professional Accounting

This level 4 apprenticeship is ideal for those wanting to further their accounting training or become a fully qualified accounting technician. Apprentices will also gain a professional qualification, the Professional Diploma in Accounting, essential for anybody wanting a career in finance.

Professional Qualification:
Level 4 Professional Diploma in Accounting
Functional Skills

L2 Maths & English

Duration

Typically, 18 months + End Point Assessment

Entry requirements

Individual employers will identify entry requirements in terms of previous qualifications, training or other criteria. Most candidates will have Level 2 maths and English (equivalent to GCSE grade C/4 or above), ideally as part of five GCSE A-C/4-9 grades or other comparable qualifications. Apprentices without English or Maths atLevel 2 must achieve this prior to the completion of the apprenticeship.

Typical job roles
  • Assistant Auditor

  • Assistant Management Accountant

  • Assistant Financial Accountant

  • Accounts Payable and Expenses Supervisor

  • Commercial Analyst

  • Payroll Manager

  • Senior Bookkeeper

  • Senior Finance Officer

  • Tax Investigations Officer

  • Personal Tax Assistant

  • Business Tax Assistant

Role profile

Individuals in the role of a Professional Accounting/Tax Technician will have 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. This will be performed in order to meet relevant ethical, professional and legal standards, and will utilise the individual's knowledge of the business systems and processes, as well as standard accounting and tax practices. This role may exist in an accounting practice, a professional services company, HMRC or the accounting function of a business or other organisation.

Delivery model

Each and every business is different, which is why we offer a range of delivery options - face-to-face support, online learning and residential modules. All are designed to meet the requirements of the specific apprenticeship standard and professional qualification - ensuring each apprentice develops the skills, knowledge and behaviours specified. E-portfolio systems will be used from sign-up through to completion to minimise the use of paper, allowing our Business Coaches to track learner progress on an ongoing basis to achieve timely completions.

Professional registration and progression

This apprenticeship can be used as a student registration with a number of UK professional bodies in this sector. After completing the Professional Diploma in Accounting as part of the apprenticeship, candidates can apply for professional status. The professional body, such as AAT, will have some other requirements for membership, including work experience, which they will advise. There are numerous progression opportunities from this apprenticeship including further studies with a chartered accountancy body.

Apprenticeship Standards are made up of three key elements:

Knowledge
  • Technical knowledge
  • Know-how
Skills
  • Practical application of the Knowledge
  • Learnt through a combination of on and off the job training
Behaviours
  • Mindsets, attitudes and approaches required for competence
  • Behaviours tend to be transferable (between levels)
Knowledge
Technical Knowledge - Option 1 - Accounting
  • Knowledge and understanding of the core elements of double entry book keeping and accounting standards enable accountants to create and report financial information to the users of accounts.

  • A Professional Accounting Technician will understand and/or validate the accounting standards for basic accounts preparation and/or the drafting of financial statements.

  • Depending on their role they will also have specialist knowledge in other aspects of accounting, for example management accounting and tax accounting.

Technical Knowledge - Option 1 - Tax
  • A Professional Tax Technician will be required to have knowledge and understanding of the core elements of personal and business taxation and accounting principles.

  • They will be required to prepare tax calculations, prepare government forms, understand and comply with filing deadlines, and document client paperwork.

  • Depending on their role they will also have specialist knowledge in other areas of taxation, for example Business Compliance, VAT, Inheritance Tax, Trusts and Estates and Corporate Tax.

Business Awareness
  • Financial information is an outcome of an organisation's activities in the industries and environments in which it operates. In its simplest form, financial information reflects the transactions arising from the purchase and sale of products and services.

  • A Professional Accounting/Tax Technician will understand the industries and environments in which an organisation operates, including customer and supplier needs, in order to create and/or validate and/or report financial information.

Ethical Standards
  • Ethics and integrity are fundamental to the role of all finance professionals as they often independently verify financial information that affects individuals and institutions that are separate from the management of an organisation.

  • A Professional Accounting/Tax Technician will understand and apply the relevant Ethical Standards to their own behaviour and appropriately challenge the actions of others where they do not meet these standards.

Regulation and Compliance
  • Accounting and Tax are governed by a series of standards and regulations which must be applied where relevant.

  • A Professional Accounting/Tax Technician will be able to understand and apply professional standards and legal regulations to an organisation's financial information, and to comply with the fundamental principles of integrity, objectivity, professional competence and due care and confidentiality

Systems and Processes
  • Financial information is created, verified and reported via a combination of systems and processes, such as accounting/tax systems, internal control systems and IT systems.

  • An understanding of these systems and processes is fundamental to an accountant’s ability to perform their role.

  • A Professional Accounting/Tax Technician will be able to understand and evaluate an organisation’s systems and processes and make recommendations for improvement, as appropriate.

  • Depending on their role they may also have a basic understanding of external and internal audit’s function in giving assurance over these systems and processes.

Skills
Analysis
  • Create and interpret information and show how that information can be used most effectively to add value to the organisation.
Communication
  • Effectively communicate relevant information across the organisation and to appropriate stakeholders in both written and verbal formats.
Leadership
  • Proactively manage their own development and is committed to the job and their profession.
Planning and Prioritisation
  • Work to tight deadlines and respond to changing priorities. Effectively plan and prioritise time and co-ordinate the input of others in order to meet both deadlines and changing priorities.
Produces Quality and Accurate Information
  • Apply accounting/tax knowledge to consistently deliver high quality, accurate data and information in a timely fashion.
Team Working and Collaboration
  • Work effectively in a team and with others, maintaining effective, professional working relationships both internally and externally across organisations.
Uses Systems and Processes

Understand the systems and processes of the organisation sufficiently, as applicable to the role. Proficient in the IT systems applicable to the role.

Behaviours
Adaptability
  • Willing to both listen and learn and to accept changing priorities and working requirements and has the flexibility to maintain high standards in a changing environment.
Adding Value
  • Actively engage in the wider business, as appropriate, and look to provide information that positively contributes to influencing business decisions. Continually strive to improve own working processes and those of the organisation.
Ethics and Integrity
  • Honest and principled in all of their actions and interactions. They will respect others and meet the ethical requirements of their profession.
Proactivity
  • Takes responsibility. Demonstrates the drive and energy to get things done, even under pressure.
Professional Scepticism
  • Demonstrates an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement of financial information due to error or fraud.

L4 Professional Accounting not right?

Have a look at some of our other Finance apprenticeships. Or view all the apprenticeships offered by COPA Apprenticeships.

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COPA Apprenticeships is a trading name of North Wales Training, an independent training provider owned by Grŵp Llandrillo Menai (GLLM), one of the largest further education providers in the UK.