It's an exciting time for the company as we have successfully secured accreditation from the Institute of Bookkeeping (ICB) to deliver a whole raft of related qualifications.
Our expanded portfolio now includes:
- Level 3 Assistant Accountant Apprenticeship
- Level 2 Certificate in Bookkeeping
- Level 3 Certificate in Bookkeeping & Accounting
- Level 3 Diploma in Payroll Management
- Level 4 Certificate in Advanced Bookkeeping & Accounting
We're delighted that Victor Gidney, who is well known for his in-depth knowledge of accountancy, will be delivering not only the Assistant Accountant Apprenticeship, but all the other ICB qualifications as well.
Victor has taught the subject at many universities and colleges and launched his own company, Anglia Accountancy Training, in 1996. Over the next 20 years he established the business as the leading accountancy training provider in the Anglia region.
The training company was sold in 2015 when Victor took early retirement. But, I'm pleased to say he decided to rejoin the world of work last year and we are lucky to have secured his services at Riverside Training.
I've no doubt I will be talking more about the new qualifications in future blogs, but in the meantime I thought I would give an overview of the Level 3 Assistant Accountant Apprenticeship.
An Assistant Accountant provides support to internal and external customers and part of their role involves assisting in day-to-day financial activities. They may also be involved in regulatory financial requirements such as the completion of VAT returns or assisting in the preparation of tax computations.
As well as ensuring full competency as an Assistant Accountant, the standard provides the foundation for progression into a number of career paths in the accounting sector including Audit Trainee, Corporate Recovery Analyst, Credit Controller or Tax Accountant.
The apprenticeship typically takes 15 to 18 months to complete and apprentices will gain extensive knowledge in a number of areas:
Business Awareness - Understanding the transactional processes and support provided by accountancy firms or the accounting function within an organisation and their organisation's business strategy, including customer and supplier needs, to produce relevant and compliant financial information. Awareness of how their role fits in with the wider organisation and sector.
IT Systems and Processes - Understanding how to enter accounting transactions, perform a reconciliation, correct errors and produce a range of reports using a computerised accounting system. Understanding the systems and process of the organisation, such as sales, purchase and payroll, and the use of relevant office and accounting packages.
Ethical Standards - Understanding the relevant Ethical Standards to protect their own and their organisation's professional reputation and integrity including the importance of upholding relevant codes of conduct.
Financial Accounting and Reporting - Understanding the basic elements of double entry bookkeeping and accounting standards. Understanding the current financial standards for basic accounts preparation, in order to be able to make necessary end of year adjustments, and what is required to draft final accounts. Understanding how to account for the purchase and disposal of non-current assets as well as the basic tax principles to apply current regulations to calculate VAT and submit a VAT return.
Management Accounting - Understanding how to recognise and use different accounting approaches and being able to gather, analyse and report information about income and expenditure to support decision-making, planning and control.