The introduction of the Apprenticeship Levy in April 2017 and the growing focus on apprenticeships reflect the government’s stated commitment to improving the skills base within the UK economy, and to providing a viable alternative to university education.
The Welsh Government is committed to delivering 100,000 all-age apprenticeships, with a focus on increasing the number of apprentices aged 16-19 years and addressing skills shortages in line with priorities determined by Regional Skills Partnerships. The government particularly wants to develop higher-level skills - those at Level 4 or higher - and to integrate apprenticeships into the wider education system.
The ACCA apprenticeship in Wales is delivered under the Welsh Government’s Accounting Level 4 apprenticeship framework.
It provides apprentices with an attractive alternative to university, allowing them to develop professional skills and experience early.
Crucially, they can launch a career in accounting and finance without the significant cost of a degree.
For business owners and managers, these schemes offer a way to attract, engage, motivate, develop and retain skilled employees - the kind of people who will help you to drive your business forward.
We have partnered with government, industry bodies and training providers to develop a range of qualifications that provide a high-quality foundation in accounting, finance and business.
They will enable your employees to develop practical skills as well as technical knowledge, and enhance their ability to contribute to your business - both during and after the apprenticeship.
The ACCA apprenticeship (Accounting Level 4) focuses on the three core modules of ACCA’s Diploma in Accounting and Business, each of which is examined:
Apprentices will also take ACCA’s Foundations in Professionalism online module. This will help them develop their understanding of what it means to act professionally and ethically in the work they carry out.
In addition, as part of the Welsh Government’s apprenticeship requirements, apprentices will complete an Employee Rights and Responsibilities workbook.
To learn more about the scheme in Wales, visit these sections: