Peak Accoutancy Training

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.

You could be working on a variety of financial activities such as processing invoices, expenses and assisting with payroll, taxation and the production of financial statements. 

This level is most suited to those new to an accountancy role. 

When completing this apprenticeship, typical roles in which you maybe employed include accounts assistant role, accounts receivable or accounts payable roles.

This level 2 apprenticeship is equivalent to 5 GCSEs graded at levels 9 to 4 (A to C) and the apprenticeship takes around 12-15 months to complete.

Please click here for an overview of the Accounts Finance Assistant Level 2 Apprenticeship.

Course content 

All apprenticeships are made up of three components:

AAT Level 2 Foundation Certificate in Accounting (Knowledge component)

This element of the programme is delivered by Peak with various start points throughout the year, the assessments within the qualification are: 

Competency portfolio construction (Skills and behaviour components)

This element of the programme is delivered within apprentices’ workplace, and is a collaborative approach from employers and Peak. This will enable all apprentices to demonstrate their occupational competency and develop all required skills and professional behaviours.

The portfolio is compiled through a range of professional discussions, and a report which are all based on their workplace. This is compiled during 1-2-1 sessions with the apprentice and their Peak work based advisor at mutually convenient times and dates for the apprentice, employer and Peak's work based advisor. 

Functional skills

Apprentices without Level 1 English and maths will need to achieve Level 1 and have taken the test for level 2 prior to taking their end point assessment. Apprentices who hold a GCSE or equivalent in English and Maths Grade 9-4 or A to C will not need to complete functional skills. 

What have apprentices who have completed this programme in the past progressed to?

Progression opportunities for apprentices on this route include:

How you will learn

AAT Level 2 Foundation Certificate in Accounting (Knowledge component)

The programme is structured on a modular basis and each module is delivered through our weekly classes in our Chester or Liverpool centres, or using our weekly live online classes.  

How you will be assessed

Your knowledge will be assessed through on line exams for the AAT units and any functional skills you need to take. 

The skills and behaviours will be assessed through a portfolio of work based evidence supported by your work based advisor

End Point Assessment (EPA)

All apprenticeship standards require apprentices to complete an end point assessment to successfully achieve the apprenticeship qualification. For this apprenticeship standard the end point assessment consists of:

Peak will also carry out mock EPA assessments in collaboration with employers and apprentices to ensure all apprentices are competent before progressing onto end point assessment.

Equipment and other costs 

AAT Registration fees are payable directly to AAT annually, and exam fees for the five AAT assessments are payable to your local exam centre. 

Levy paying employers - £6000 from levy funds

Non-Levy employers - £300 + VAT employers contribution

A non-levy employer has a wage cost of less than £3 million per year. 

What qualification do I get on completing this apprentieship?

Level 2 - Apprenticeship Accounts/Finance Assistant

AAT - Level 2 Certificate in Accounting

For further information or to apply please contact us 

Is there additional work required by the student?

All apprentices are required to allocate 20% of their weekly working hours towards the completion of the apprenticeship programme. 

Entry Requirements

What qualifications or skills do I need to have before I can enrol?

We will undertake an initial assessment and skills scan to make sure that this qualification is suitable for you. It is preferable to have English and Maths GCSE Grade 4/C or above. Though we can support apprentices to achieve functional skills if they do not hold GCSEs in English and Maths. 

Expected prior knowledge

You do not need prior knowledge but must be working in an Accounts/Finance Assistant role and have a contract of employment for at least 30 hours per week.