Apprenticeships
with Peak Accountancy Training
Getting started with an Apprenticeship
Peak Accountancy Training can support those working in an accountancy based role to complete an apprenticeship in accountancy alongside the AAT qualification at all levels.
Frequently Asked Questions
What is an Apprenticeship?
An apprenticeship is an alternative to studying than the more traditional route of going to university to achieve a higher level of education. An apprenticeship combines the best of both – the chance to study and progress your career and achieve a nationally recognised qualifications whilst earning a salary.
Why study under an apprenticeship?
An apprenticeship is a chance to study a nationally recognised qualification whilst you work and earn a wage.
- Study towards the AAT qualification by attending our classroom or live online courses
- Regular progress review meetings with our work-based advisors to provide support on the courses whilst you are studying
- Gain real world experience which will complement your studies, and help you to develop your skills and behaviours in the workplace
- Avoid debt from student loans and earn whilst you learn
How do I find an apprenticeship?
If you are currently looking for an accounting apprenticeship, please follow this link to search for vacancies in your area.
What type of apprenticeships do you offer?
There are 3 options available for apprenticeships in accountancy with Peak.
- Level 2 Accounts/Finance Assistant
- Level 3 Assistant Accountant
- Level 4 Professional Accounting/Taxation Technician
You can find further details about all these options below.
Safeguarding
Peak are committed to safeguarding and promoting the welfare of learners and expects all staff to share this commitment.
To find out more about our safeguarding policies please visit our safeguarding page.
Types of apprenticeship
Apprenticeship Standard Level 2 Accounts/Finance Assistant
An Accounts/Finance Assistant is an integral part of the team responsible for maintaining an efficient and accurate finance function within many businesses.
Apprentices studying under this route are usually responsible for assisting the team of accountants with junior accounting duties. These can vary greatly depending on the structure of the team and size of business.
Apprenticeship Standard Level 3 Assistant Accountant
An Assistant Accountant provides support to internal and external customers and will work predominately either as an assistant accountant within practice or alternatively within the finance function of an organisation.
This level 3 apprenticeship is equivalent to 2 x A Level passes, and the Level 3 apprenticeships takes around 15-18 months to complete
Apprenticeship Standard Level 4 Professional Accounting/Taxation Technician
An apprentice 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 level 4 apprenticeship is equivalent to a certificate of higher education, and this apprenticeship will take around 18 months to complete.
Information for employers
To help support students and provide a refresher, we have delivered a webinar on the principles of double entry, it includes processing of transactions, and production of the trial balance. The recording is available here to help any students who would like a recap on this area. This webinar will be useful to all levels of AAT and Bookkeeping students to brush up and recap their double entry bookkeeping knowledge.
Read more
March 2021 update – The Education & Skills Funding Agency has confirmed an extension to apply for incentive payments. Employers are now able to apply for the incentive payments announced in August 2020 for hiring new apprentices between 1 August 2020 and 31 March 2021 until 31 May 2021.
To further support employers, apprenticeship incentive payments for apprentices taken on as new employees from 1 April 2021 are also increasing. Employers will receive £3,000 for new employees of any age who start their apprenticeship from 1 April 2021 to 30 September 2021.
More information on how to apply for incentive payments is available on this link
August 2020 Update – The government have announced extra incentive payments for employers who hire a new apprentice between 1 August 2020 and 31 March 2021. For every apprentice hired under the age of 25 there is an incentive payment available of £2000 per apprentice. For apprentices aged 25 and over there is an incentive payment available of £1500. These payments are in addition to the existing incentive payments of £1000 for hiring an apprentice aged between 16-18, or aged 25 or under with an education health care plan.
Funds for apprenticeship training, are available for Levels 2, 3, and 4 of the AAT. These funds are available for all employers, regardless of size. All employers are now expected to contribute towards their apprenticeships training, however there are incentive payments made which can help to recoup some of these employer contributions.
Larger employers who are subject to the apprenticeship levy can use these funds to support their apprenticeship students who wish to study with Peak Accountancy Training and our funding partners.
Please contact us to discuss how we can support your employees apprenticeships in accounting.
OFSTED
Peak were recently visited by Ofsted inspectors in March 2020, we are delighted with the results of the inspection, you can read the full inspectors report by clicking the button below.
