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Apprenticeship training course

Accounting finance manager (level 6)

Manage and implement accounting, finance systems and processes.

Qualification level
6
Equivalent to degree.
Typical duration
36 months
Apprenticeship category
Legal, finance and accounting
Maximum funding
£27,000
Maximum amount government will fund
for apprenticeship training.
Also known as
  • Accounting and finance manager
  • Accounts manager
  • Accounts semi-senior
  • Accounts senior
  • Company accountant
  • Credit controller
  • Finance manager
  • Financial accountant
  • Financial controller
  • Reporting accountant
  • Systems accountant
Skills
Skills an apprentice will learn
  • Prepare financial statements, or extracts thereof, in accordance with International Financial Reporting Standards (IFRS) and UK Generally Accepted Accounting Practice (GAAP).
  • Identify and use appropriate digital technology to achieve desired outputs in the context of producing statutory of financial reports.
  • Analyse financial and non-financial internal data and compare with benchmark data such as from competitors, stakeholders, and market trends.
  • Use data analytics tools, visualise findings, make evidenced-based recommendations for future action and communicate them.
  • Interpret and implement the latest guidance on secure data management to satisfy the requirements of the Data Commissioner and GDPR.
  • Implement protocols and technology that minimise risks to data integrity and cyber security.
  • Evaluate internal and external factors relevant to the operational compliance of the organisation with all necessary legal, professional and ethical frameworks.
  • Apply the principles of digital systems management to ensure continued compliance with all relevant frameworks applicable to the organisation.
  • Analyse and interpret the reasons for differences between internal and external source documentation and produce reconciliations that clearly identify those differences and required actions.
  • Create budgets and forecasts using the most appropriate tools and techniques.
  • Interpret budget reports to evaluate the reliability of forecasts and to identify variances which require further action.
  • Calculate and interpret cash flow forecasts.
  • Interpret cash flow reports and identify future action required to manage cash balances.
  • Apply management accounting techniques to assist decision making within the organisation.
  • Interpret management reports, and utilise a variety of media, including verbal communication, to deliver advice that impacts management decisions.
  • Interpret and apply HMRC rules and guidance to produce tax calculations and statutory returns.
  • Implement and manage systems and processes that gather the information required by HMRC.
  • Analyse and summarise organisational or client decision making and the impact on taxation reporting and obligations.
  • Implement and manage the technology to satisfy HMRC reporting requirements for digital taxation.
  • Produce the information required by internal and external auditors in a clear format.
  • Evaluate strategic options, taking into consideration the impact of internal and external factors.
  • Develop, communicate, and deliver operational plans that meet strategic objectives; being able to set targets and KPIs, manage resources, and monitor and measure outcomes to establish operations effectively, efficiently and economically.
  • Ability to interpret quantitative and qualitative data in order to assess business performance, and utilise a variety of media, including verbal communication that demonstrates emotional intelligence, to make recommendations.
  • Analyse and interpret the process of how data is collected, extracted, analysed and reported.
  • Evaluate the impact of different sources of finance on an organisation, including risk and recommend appropriate finance options.
  • Advise organisations and implement technology to raise finance and maintain credit relationships.
  • Design and manage a compliant credit control system that meets strategic objectives regarding customers, insurers, and cash flow.
  • Implement technology that enables delivery of a credit control system that meets strategic objectives.
  • Analyse, design, implement, communicate, monitor and review internal control systems and processes that mitigate risk, including error, fraud, and cyber risks.
  • Document organisational manual and digital internal controls, identify weaknesses, and make practical recommendations for improvement.
  • Develop and maintain effective relationships with internal and external stakeholders.
  • Identify relevant information to be included in reports used by stakeholders.
  • Identify potential improvements to HR policies and activities such as recruitment, training, appraisal, mentoring or management.
  • Evaluate the effectiveness of digital technology used to appraise, monitor and manage staff.

Full information on Accounting finance manager (level 6) is available from the Institute for Apprenticeships and Technical Education.

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