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Summary Info
With a launch date of September 2013, businesses in England, Wales and Northern Ireland
will be able to recruit management accountants of the future through this new, government
funded, apprenticeship scheme. The new recruits will be talented, young individuals who
have completed their A levels and will be trained by their employers to gain key business
skills while also studying for the CIMA Certificate in Business Accounting.
What is an Apprenticeship?
The apprentice
The employer
The training
provider
Employs the
apprentice for at least
30 hours per week
Provides technical
and competence
training
Manages the
relationship with the
relevant government
bodies
The
Government
Contributes 100% of
the cost of training for
16-18 year olds and
50% for those aged
between 19-24
Government Funding
A student is NOT eligible for funding if they have degree, even if its not
related to the apprenticeship
The funding criteria for the HLA are as follows:
UK/EU/EEA resident for at least the last 3 years
Work 30+ hours in a relevant role (in order to ensure they can complete the
work-based tasks)
Have a contract of employment
NOT have a Level 4 qualification or above
If aged 16-18 Fully funded all CIMA fees paid and
tuition costs covered
Aged 19-23 Part Funded - Employer contributes towards
tuition costs and has to pay all CIMAs fees
*Apprentices exempt if GSCE Maths and English Grade A-C Awarded within the last five years
Knowledge Qualification
Certificate
ininBusiness
The Diploma
BusinessAccounting
Accounting
Competence Qualification
Diploma In Business Accounting Practice
The Competence Qualification will be made up of 12 work based units
1. Working in Teams Planning
2. Delivering Business Communication Activities
3. Managing Time Effectively
4. Evaluate and Improve Own Performance in a Business Environment
5. Spreadsheet Software
6. Presentation Software
7. Deliver a Presentation
8. Organising and Facilitating Meetings and Workshops
9. Managing Personal Obligations in Engagement Economics and Internal Financial
Management
10. Developing Commercial Awareness
11. Apply Management Accounting Techniques in the Workplace (NEW)
12. Understanding and Maintaining Effective Business Relationships (NEW)
Questions/Weblinks
The Level 4 Diploma in Business Accounting and Level 4 Diploma in Business Accounting
Practice qualifications have been accredited by Ofqual.
The qualification numbers are:
OCR Level 4 Diploma in Business Accounting - 601/0616/5
OCR Level 4 Diploma in Business Accounting Practice - 601/0617/7
Both can now be viewed on the Register of Regulated Qualifications
http://register.ofqual.gov.uk/ via http://tinyurl.com/pesehlh