Foundation Apprenticeship Accountancy

You will learn how to prepare routine and complex financial accounting information.  You will learn about current financial accounting regulations and apply them to a range of business structures.  Stakeholders use this information to assess and organisation’s current financial position.

You will learn:

• The role of financial accounting

• Partnerships

• Public Limited Companies (PLCs)

• Manufacturing accounts

• Period-end financial statements

You will learn about internal accounting procedures, where you will learn how to prepare information using a range of routine and complex accounting techniques.  Management use this information when making decisions about the planning, control and future direction of an organisation.

You will learn:

• The role of management accounting

• Inventory valuation

• Overhead analysis

• Service cost statements

• Job cost statements

• Process cost statements

• Budgeting

This unit is delivered in conjunction with Financial and Management Accounting Information. 

You will learn:

• Decision making (Management Accounting)

  • Decision making 

  • Investment appraisal

  • Costing

• Business analysis (Financial Accounting)

  • Investment ratios

  • Non-financial performance indicators

The purpose of this unit is to provide you with basic knowledge and skills to record transactions from day books into a double-entry bookkeeping system, to extract a trial balance and complete a VAT return for one month.

You will learn to:

• Record financial transactions from books of original entry to a double-entry bookkeeping system.

• Extract a trial balance from a set of double entry ledgers. 

• Complete a VAT return for one month. 

This unit is designed to give you an opportunity to develop skills to understand the ethical responsibilities of an accountant working within the profession. It will give you an opportunity to analyse problems in order to form judgements about appropriate and inappropriate behaviour in an accounting environment. 

You will learn to:

• Understand and explain the need to act ethically in the accountancy profession.

• Explain the principles of ethical working practice and their importance in the accountancy profession.

• Analyse the fundamental ethical principles which govern effective working in the accountancy profession.