The global body for professional accountants

More About Apprenticeships

ACCA is proud to be part of the new Trailblazer apprenticeship that will offer a non-university route for those wanting to be a professional accountant and work in business. What's more, with an ACCA apprenticeship you have the opportunity to gain a degree from Oxford Brookes if you wish to further your ACCA studies.

What is an ACCA apprenticeship?

As an ACCA apprentice you will combine your technical training with practical experience, while

  • working alongside experienced staff
  • gaining job-specific skills
  • earning money including holiday pay
  • and studying towards your ACCA qualification.

 

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Who can apply?

Our apprenticeship is open to anyone 16 years or older, who isn’t in full-time education, and lives in England. There is also no upper age limit, so an ACCA apprenticeship is perfect if you are considering changing careers but don’t have any relevant prior qualifications.

In addition, employers may have their own entry requirements for the apprenticeship position they are offering which should be outlined in the job vacancy.

How does the ACCA apprenticeship work?

The ACCA apprenticeship is an ideal stepping stone for those who are interested in finance and accounting roles in various sectors and countries around the world.

The framework provides learners with a solid introduction to Financial and Management Accounting and consists of;

  • 3 online exams:
    • F1 Accountant in Business
    • F2 Management Accounting
    • F3 Financial Accounting
  • 12 months minimum experience in a relevant role
  • a written statement, presentation or discussion reflecting on what you have learned 
  • and a final assessment which tests your learning from the 12 months.

The qualification will take a minimum of 12 months to complete. Upon completion, many apprentices will choose to continue their studies onto the ACCA Professional Level which will provide further career opportunities and earning potential.

Where can your ACCA Apprenticeship take you?

As a Level 4 qualified ACCA Apprentice you can work in roles such as the below across multiple industries including fashion, sport, and travel, around the world:

  • accounts clerk
  • assistant accountant
  • cashier
  • accounts manager
  • credit control clerk
  • finance assistant
  • purchase/sales ledger clerk

Your opportunities are endless! View our jobs board now to see where an ACCA Apprenticeship can take you!

How will your employer help you?

Before you start, your employer will need to set up an Apprenticeship Agreement. They will agree to support your time out of work to study, and provide a mentor for you at work.

As an employee, you will be given key performance targets to achieve which will be reviewed regularly with your manager and training provider to ensure that your employer is supporting you through your practical learning.

As an apprentice you must work for at least 30 hours a week and most will earn the national minimum wage - although many employers pay more than this. 

The average wage is £170 per week which will depend on your employer. In some job roles your wage may increase as you progress and take on more responsibility.

What do I need to know about the Apprenticeship Levy?

Following on from the outcome of the 2015 General Election there has been a renewed push towards apprenticeships, with the government planning on delivering 3 million new apprenticeships by 2020.

To fund apprenticeship training the Government has introduced the new apprenticeship levy. This is a charge to be placed on employers with annual wage bills of £3m or more which will then go directly into a Government funding pot for apprenticeship training. The incentive for employers is that they can ‘reclaim’ this money if they open up their own apprenticeship training programmes.

Apprentices who have been accepted on to an apprenticeship programme before April 2017 will be funded for the full duration of the apprenticeship under the terms and conditions that were in place at the time the apprenticeship started. 

 

 

 

 

 

 

Last updated: 8 Jun 2016