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This qualification is being withdrawn
The operational end date (last date for new starts) of this qualification is 31/07/2020 and the certification end date is 31/07/2021.

Key Facts

Level:
Level 2
Subject Sector:
15.1 Accounting and Finance
Credits:
34
Qualification No:
601/6711/7
GLH:
210 hours
Total qualification time:
340 hours
Price:
£123.00 per learner
Age Range:
16-18 & 19+

Qualification purpose

Confirm occupational competence and/or ‘licence to practice’

Qualification Grading Type

Pass

Assessment Methods

  • Portfolio of Evidence

  • Why choose this qualification?

    This qualification is part of the Intermediate Apprenticeship in Accounting (England). Please visit the below for further information:

    Intermediate Level Apprenticeship in Accounting

    Rules of Combination

    Learners must achieve a total of 34 credits by completing all units within the Mandatory Group.


    Units

    Mandatory

    Learners must achieve all units within this group.

    Basic Costing

    Level:
    Level 2
    Guided Learning Hours:
    60
    Credits:
    8
    Unit No:
    L/504/3971
    Click here to view full unit details

    Computerised Accounting

    Level:
    Level 2
    Guided Learning Hours:
    25
    Credits:
    4
    Unit No:
    R/504/3972
    Click here to view full unit details

    Control Accounts, Journals and the Banking System

    Level:
    Level 2
    Guided Learning Hours:
    40
    Credits:
    8
    Unit No:
    H/504/3975
    Click here to view full unit details

    Processing Bookkeeping Transactions

    Level:
    Level 2
    Guided Learning Hours:
    45
    Credits:
    9
    Unit No:
    D/504/3974
    Click here to view full unit details

    Work Effectively in Accounting and Finance

    Level:
    Level 2
    Guided Learning Hours:
    40
    Credits:
    5
    Unit No:
    Y/504/3973
    Click here to view full unit details

    What is the purpose of this qualification?

    This qualification is approved to be offered in England only.

    The qualification is the combined component of the Intermediate Apprenticeships Framework for roles within the accountancy sector, but it is acknowledged that some learners may need or wish to take the qualification on its own, for example, learners who work on a part-time or voluntary basis and therefore will not be eligible for apprenticeship funding.


    What skills, knowledge, or understanding does this qualification develop?

    The qualification comprises of 34 credits and has a minimum of 210 guided learning hours.

    Learners must achieve a total of 34 credits by completing all units within the Mandatory Group.

    These comprise:

    • Processing Bookkeeping Transactions
    • Control Accounts, Journals and the Banking System
    • Basic Costing
    • Work Effectively in Accounting and Finance
    • Computerised Accounting


    How is this qualification different from other, similar qualifications?

    This qualification covers the knowledge and understanding needed to work in the accountancy sector.
    It offers an engaging programme for learners who have decided that they are going to begin a career in the accountancy sector. It is also relevant for workers who have just started working in the sector.

    The qualification gives learners the opportunity to develop and demonstrate the competence, knowledge and understanding needed to work within an accountancy environment.


    Which sector does this qualification support?

    This qualification is primarily intended as a means of developing the competence of those already employed or wishing to be employed within the accountancy environment. It forms part of the Intermediate Apprenticeships within this sector.

    Job roles within this sector which are supported by this qualification could include:

    • Accounts assistant
    • Accounts clerk
    • Cashier
    • Credit control clerk
    • Finance assistant
    • Sales ledger clerk
    • Purchase ledger clerk


    What are the progression options?

    Learners could choose to progress to completing an Advanced Apprenticeship in business and administration. Learners may wish to progress to other relevant qualifications such as:

    • Level 3 Advanced Apprenticeship in Accounting,
    • a stand-alone Level 3 Diploma in Accounting

    and onto the following job roles: Trainee Accountant; Trainee Accounting Technician.


    Progression & entry requirements

    The qualification is available to learners aged 16 and above. No prior qualifications or specific level of attainment are required. However, applicants must like working with numbers and be able to demonstrate the potential for developing good communication skills.

    Funding information

    Learning Aims Search

    The Hub provides a Learning Aims Search which you can use to check the funding status of any qualification or unit.

    View this qualification on the ESFA’s Hub website

    From 1st July 2021, the Hub will be replaced by a new Find a learning aim (FALA) service. This service is currently in BETA so if you experience any issues with finding funding details, please double check on the Hub above, or contact your account manager.

    View this qualification on the ESFA’s Find a learning aim website

    How to find a learning aim

    If you’re not sure how to use the new find a learning aim website, we’ve created a handy walkthrough to help you:

    How to Use: Find a learning Aim


    We have done our best to collate and summarise the key information, and wherever possible we alert our providers to changes in funding policy.

    This funding information is provided in good faith and it is always advisable to check directly with the funding agencies before committing to delivery.

    The following support materials will help you to deliver this qualification.

    Internal Quality Assurance

    Special Considerations and Reasonable Adjustment Forms