Post on 20-Mar-2020
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ACCA Apprenticeships
14:50 – 15:10 Jimmy Greer, Head of Sustainability - ‘Purpose
and the profession’
15:10 – 15:30 Jane Towers Clarke, Head of Academic
Partnerships - ACCA apprenticeships and the
qualification
15:30 – 15:45 Morlai Kargbo FCCA, Managing Director, Moracle
- Hiring an apprentice
15:45 – 16:00 Further questions
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The ACCA Journey
'I well remember the inception of the Association … The ideal was to place the Association on a
broader basis than that on which the two existing organisations for accountants were placed,
and to give everyone who intended to take up the profession, and could prove by examination
their fitness and experience, an opportunity of joining an Association which would provide them
with a qualification they could use...It has since been said that the ideal of this Association is
more democratic than that of any other.'
Arthur Priddle, ACCA's first president (1905–1908)
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Jimmy Greer, Head of Sustainability -Professional Insights
Social Mobility: ‘Purpose and the Profession’
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7 roundtables
UK, Kuala Lumpur,
Guangzhou, Lagos, Nairobi,
Karachi, Delhi
Over 13.5k survey respondents
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The world is changing
Areas of interlinked focus include:
Education quality, training and
retraining opportunities
Rebalancing geographic concentration
of opportunities
Effectiveness of antitrust laws,
competition policy and related
Improving labour legislation that
supports workers
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How to fix it
Raising
awareness
Removing
barriers
Skills & the
changing
world of work
Social
diversity
data
Networks:
democratic
connections
Pro-social
policy
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The survey
Age of respondents Respondents status
Gender of respondents
An affiliate has completed the ACCA qualification but not
completed their professional experience and registered as
an ACCA member.
*
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Apprenticeships
UK Government Policy on Apprenticeships
Trailblazer Employer Led Steering Group
Accounting Apprenticeships
ACCA’s apprenticeships
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UK Government Policy on Apprenticeships
Richards review 2012
UK government committed to 3
million apprenticeships
between 2015 and 2020
0.5% Levy from April 2017 on
employer bills above £3m will
drive apprenticeship uptake by
employers
Potential for apprenticeships to
be disrupter of training of
professional accountant in
England
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UK Policy Risks
Government policy changes
including change to
university student fee policy
Employer/student behaviour
towards apprenticeships is
not as disruptive as
expected
Influencer behaviour around
credibility of apprenticeships
in the market place
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Trailblazer Employer Led Steering Group
Chaired by KPMG and EY for L4 and L7 – now moved to
Boots and GT
Delivered L4 Professional Accounting Technician and L7
Accounting Professional
Review of L4 due to government policy changes
Potential for Level 6
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Accounting Apprenticeships
L4 Professional Accounting
Technician
L7 Accounting Professional
Insititute of Apprenticeships
responsible for quality of
standards and advises
government on funding
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Launch date
L4 Professional
Accounting Technician
• Apprenticeship approved 2014
• Trailblazer March 2017
• Funding cap £9,000 from April
2017
• Portfolio and reflective
statement requirement
• Minimum of 12 months
Friday Monday Tuesday Wednesday Thursday Friday
Options event Press release
NGTU Banner
NGTU Career
Adviser
newsletter
National
Apprenticeship
Show
Parent’s panel Social –
summary
photos of week
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L7 Accounting Professional
• Standard approved June 2017
• Approved for delivery November 2017
• Funding cap £21,000
• Non levy paying can access up to
£18,900
• Further £1,000 funding for 16-18 year
olds
• Typically completed in 36 months with
minimum duration 12 months
• Requirement for Project Report as part
of EPA
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ACCA Accounting Apprenticeships
Apprenticeships at each level comprises a
combination of:
• Existing ACCA exams
• Existing ethics/professional skills modules
• Existing work experience (or part thereof, tailored
for the Level 4 technician route)
• NEW end point assessment at each stage.
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ACCA L4 Accounting Technician Apprenticeship
Work in a job receiving the same benefits as colleagues
Work alongside experienced finance professionals
Gain practical experience that counts towards achieving the ACCA Qualification
Build accounting and finance skills
Receive off-the-job training and learning support equalling approximately 20% of working week
Take three exams and final end point assessment
First students sat their Technical and Role Simulation Exam in December 2017 and will submit their Portfolio and Reflective Statement in December 2017
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ACCA L7 Professional Accountant Apprenticeship
Funded gateway to ACCA
membership
Solution to support employers
building pipeline
Includes Ethics and
Professional Skills module
Includes business insight,
professional scepticism and
leadership
Can move to level 7 on
completion of Level 4
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L7 ACCA Apprenticeship: Key benefits
Specialisation
• Options exams within Level 7 are a core strength allowing
apprentices to develop technical excellence in chosen areas.
Business-ready
• Level 7 includes our Ethics and Professional Skills Module (EPSM)
which is a highly practical and innovative approach to skills training.
Strategic Business Leader exam
• Real-world scenarios are used to set challenges that require
apprentices to blend technical, professional and ethical skills.
Digital
• Our computer based exams reflect real-life working practices and
include up-to-date tools like word processing and spreadsheets.
Make hiring simpler and cheaper
• We work with employers to reduce the cost of talent recruitment and
shorten the time for skills development.
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Morlai Kargbo FCCA, Managing Director - Moracle
Hiring an ACCA apprentice & importance of
vocational training
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Moracle Foundation
Morlai Kargbo,
FCCA
Managing Partner
of Moracle
The Foundation:
o Sources 12 and 24 month paid contracts
for graduates or trainees
o Ongoing career development mentoring
o Offer employers pre-screening and
training for work experience students
o Negotiate training and salary package