ACCOUNTANCY TRAINING WITH IMPACT.

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ACCOUNTANCY TRAINING WITH IMPACT. Equip your employees with the skills to drive your business forward

Transcript of ACCOUNTANCY TRAINING WITH IMPACT.

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ACCOUNTANCY TRAINING WITH IMPACT. Equip your employees with the skills to drive your business forward

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“I am extremely proud that Mazars ranked 6th in the top 100 Apprenticeship Employers. This award celebrates 100 of the country’s most outstanding apprenticeship employers who have gone above and beyond in their support for apprentices and apprenticeship programmes.

Our ongoing partnership with BPP has given us an advantage in the delivery and continued success of our apprenticeship programmes, enabling our employees to have thriving careers because of their on the job learning experience.” Miranda SmithHead of Professional Development, Mazars

Create your commercial edge.Effective financial management is the single most important discipline for your business to achieve commercial success.

Ensuring that your teams are equipped with the highest standard of financial skills, knowledge and understanding drives your business strategy and creates your competitive advantage.

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Close your skills gap.

We deliver training to employees in

90% of FTSE 100 companies

Accounting is a data-driven profession, with advances in technology creating unparalleled opportunities for faster and more accurate analysis of data.

A modern-day accountant needs to understand how data moves through these automated systems, while making effective use of that data by utilising new analytic techniques available. These enable better, faster and more efficient insights, leaving more time to apply these insights to direct business decisions and solve existing problems.

While your teams still need professional qualifications to progress their technical skills, they will also need to develop a good standard of proficiency in these specific data and digital skills.

This is in addition to soft skills including emotional intelligence, business acumen and the ability to communicate at all levels to the business.

At BPP, we bring together sector experts, thought-leading research and the latest from industry bodies to ensure our programmes are shaped around the skills that are required in your business, now and in the future.

At BPP, we have been educating accounting professionals for over 45 years. Since we were founded in 1976, we have been successfully challenging the way that accountants, actuaries and other financial services professionals undertake their training.

Truly at the heart of the accountancy profession, our heritage and experience mean we understand the specific requirements and nuances of our sectors, and we constantly drive innovation to ensure our training meets current and future needs.

Why BPP?

• We deliver training to employees in 90% of FTSE 100 companies

• We have trained 2/3 of all accountants in England and Wales at some point in their career

• We educate professionals from all the Big 4 accountancy firms

• We deliver apprenticeships to eight of the top 10 Professional services firms

• BPP is ranked 6th in the league table of top 50 training providers in the 2020 RateMyApprenticeship awards

• Our programme development is driven by the eight years’ (and counting) worth of insight to provide data-driven learning

• Receive extensive support and coaching from dedicated specialist teams

• Benefit from more choice and flexibility than any other provider

• We deliver industry-leading pass rates consistently above each institute’s average

To be the best, you need to be trained by the best.

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Professional qualifications.

Qualifying with the Institute of Chartered Accountants of Scotland (ICAS) offers a strong platform for a successful business career. BPP is proud to be the only training provider of these courses in England, as part of our exclusive joint venture with ICAS – the world’s first accountancy body.

The Chartered Institute of Taxation (CIOT) is the leading body in the UK for professionals dealing with all aspects of taxation. With a focus on education, simplicity and efficiency, CIOT offers the highest-level tax qualification in the UK – the Chartered Tax Adviser (CTA).

The Association of Tax Technicians (ATT) qualification offers the perfect start to a career in tax. The entry-level qualification offers a thorough understanding of the basic UK tax system. This can be studied as either a professional qualification or an apprenticeship and offers a stepping stone into the CTA.

The Association of Accounting Technicians (AAT) is the world’s leading professional body for accounting technicians. The AAT qualification is the perfect start to a successful accounting and finance career, whether your employees are starting out or if they want to switch career path.

The Association of Chartered Certified Accountants (ACCA) qualification will prepare your employees for a successful career in practice, audit or tax. This globally recognised qualification will provide them with the skills and knowledge that are relevant to any modern-day business.

The Chartered Institute of Management Accountants (CIMA) is the world’s largest body of management accountants. Grounded in the commercial world, this internationally recognised qualification combines accounting, finance and management to set the gold standard for the discipline.

The Institute of Chartered Accountants in England and Wales (ICAEW) is a global, professional body. ACA is the ICAEW’s qualification which is traditionally gained through the support of an ICAEW authorised employer – many of whom BPP already work in partnership with.

We offer a range of routes to qualification and beyond for every level of employee across a variety of functions, including apprenticeships, professional qualifications and short courses.

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Pass first time, with Momentum

Unlike other providers’ traditional method of testing, our unique exam-focused approach through our Achievement Ladder utilises our Momentum methodology, increasing chances of exam success by at least 20%. Momentum creates a personalised learning journey through a series of individual steps to measure performance, test knowledge and focus on personal areas of improvement. By progressively gaining knowledge, practising what they have learned and testing as they go, learners steadily build their competence and confidence until they are exam ready. It has been at the heart of our market-leading successful delivery of accountancy and tax qualifications since 2013.

See it in action.

Professional support, coaching and guidance

Our courses are delivered by expert tutors with professional experience. They apply their knowledge from industry to ensure they deliver their teaching within the context of the industries you serve.

Alongside their teaching, learners benefit from the support of our dedicated Performance Support team. Our extensive data sets enable us to analyse student performance and proactively contact learners at relevant stages of their studies. This approach is unique in the market and ensures a learner remains on track for success.

Employees on an apprenticeship programme will be supported by Coaches who are fully qualified accountancy or tax professionals with relevant industry experience, enabling academic study to be applied in a practical context as Coaches link real-life examples to bring topics to life.

Our educational approach.

Data driven learning

Whilst we have been teaching for over 45 years, for the past eight we have been tracking every element of the learning journey.

The data we have collated enables us to constantly enhance both our programmes and levels of proactive support to ensure that learners have the maximum chance of success – no other provider has this.

At BPP, all our programmes utilise our innovative and unique learning framework, focused entirely on assessment and career success.

Learners are 20% more likely

to pass if they complete their Achievement

Ladder steps

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Our innovative online learning platform, The Hub

The Hub is the central platform for all learners to prepare for their course and undertake all their learning. Employers also use The Hub to access reports on the performance and progression of their learners.

For learners, The Hub is their online learning environment, providing 24/7 access to learning materials, practice assessments and recorded lectures. They can access support, chat with tutors and fellow learners in forums, and get dedicated support and guidance from specialist support teams. It works on multiple devices for learning on the go, with an app for Android and iOS, allowing lectures to be downloaded and viewed offline.

See it in action.

Our Lifetime Pass Assurance Guarantee

means your employees can continue studying

until they pass their exams.*

*Terms and conditions apply. Please see website for full details.

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Did you know you can get help from

the government to pay for training,

enabling employees to gain a professional qualification, funded

via an apprenticeship? See page 24 for more information.

Training delivered when you need it.

Our range of study modes ensure your employees can balance education with their work commitments for maximum impact and productivity. You can choose from a range of study modes including Online Classroom Live, Online Classroom, face-to-face learning in one of our UK study centres or a blended approach to suit your individual requirements. We now offer more start dates than ever before and flexible entry points for apprentices dependent on prior learning and experience.

Which study mode is best for your employees?

We have a number of flexible study modes available depending on how your employees like to learn, all with the same benefits:

Regulated by over 50 external bodies to assure academic standards

Face-to-face

Online Classroom

Live

Online Classroom

Live teaching at scheduled times

Access to pre-recorded lectures

Access to your online learning environment. The Hub

Access to an extensive range of learning materials

Proactive and targeted support

Access to online tutor and learner forums

Apprenticeship progress reviews

Momentum methodology

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Our apprenticeship programmes. Ensuring your staff are not just exam ready, but career ready

Our apprenticeship programmes are designed to equip your employees with the knowledge to become technically qualified by passing their professional exams, as well as developing complementary skills and behaviours to succeed in their accountancy career.

In addition to the core competencies and technical skills you would expect from an apprenticeship, we have also embedded digital literacy within our programmes, enabling learners to embrace technology to achieve a high standard of work, using all the technical tools available in their job role.

Underpinned by core competencies

Our accountancy and tax apprenticeship programmes are comprised of a set of knowledge, skills and behaviours that employers and professional bodies have outlined as essential skills for an accountancy or tax professional. At BPP, we have consolidated this into a competency framework to enrich conversations and assist your employees with their ongoing development.

BPP is ranked 6th in the league table of

top 50 training providers in the 2020

RateMyApprenticeship awards

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18 months Duration

Funding available

Adding Value

Analysis

Communication

Embracing Change

Ethics and Integrity

Personal Accountability

Problem Solving

Producing Quality and Accurate Information

Productivity

Technical Knowledge

Team Working and Collaboration

Using Systems and Processes

Core competencies

24, 30 or 36 months

Adding Value

Building Relationships

Leadership

Continuous Improvement

Business Insight and Flexibility

Communication

Ethics and Professional Scepticism

Problem Solving and Decision Making

Technical Knowledge

18-22 months

Adaptability

Adding Value

Analysis

Communication

Ethics and Integrity

Leadership

Planning and Prioritisation

Proactivity

Producing Quality and Accurate Information

Professional Scepticism

Team Working and Collaboration

Technical Knowledge

Using Systems and Processes

Level 3 Assistant AccountantLevel

Level 7 Accountancy/ Taxation Professional

Level 4 Professional Accounting/ Tax Technician

Role

Trainee Accounting Technician 

Cashier Finance Assistant 

Purchase Ledger Clerk 

Assistant Auditor

Assistant Management Accountant

Assistant Financial Accountant

Personal Tax Assistant

Business Tax Assistant

Chartered Accountant

Financial Accountant

Management Accountant

Tax Accountant

Tax Adviser

Tax Specialist

External/Internal Auditor

Qualification

ACCA, CIMA, ICAEW, ATT/CTA, ACA/CTA, CTA, ICAS

AAT, ACCA (FIA), ATT, CIMA (Cert), ICAEW (CFAB), ICAS

AAT

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Entry points for the Level 7 Accountancy/Taxation Professional.

Whether your employees are part way through a professional qualification, have exemptions, or are just about to start, BPP has an appropriate pathway and entry point.

24-month route CIMA Management Level, ACCA Skills Level - 3 papers remaining, ICAEW Professional Level - 3 papers remaining, CTA Chartered Tax Adviser

30-month route CIMA Operational Level, ACCA Skills Level, ICAEW Professional Level

36-month route CIMA Certificate Level, ACCA Knowledge Level, ICAEW Certificate Level

ATT/CTA and ACA/CTA routes are also available via the Level 7 Accountancy/Taxation Professional Apprenticeship.

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Key features and benefits of our accountancy and tax apprenticeship programmes.

A clear framework that you can use to support career development discussions

Government funded

Embedding a commitment to lifelong learning and development

Professional skills and behaviours developed alongside technical expertise

Support from accountancy and tax qualified Coaches

Leveraging expertise from our School of Business and Technology to improve digital literacy - ensuring learners get the skills for the future, today

Passing End Point Assessment validates your investment in their training

Don’t need to pay employer NI contributions for learners under 25

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What is the apprenticeship 20% development time rule?

This development time can be split throughout the year at the discretion of the employer to meet business-critical periods, with training encompassing a wide range of activities that can take place within or outside the workplace.

Training needs to be relevant to the apprenticeship, but outside of the apprentice’s normal day-to-day activities. It could take the form of formal study days, self-study, or activities within your organisation - including shadowing, mentoring, technical training, industry visits, reading and research.

Development time at work adds further value to an apprenticeship, and allows your learners to get the best out of the programme.

Find out more about the 20% development time rule.

All apprentices must undertake 20% development time. This is defined as learning which is completed outside of the normal day-to-day working environment.

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1. Work development time can be completed inside or outside your organisation, so employees do not need to be out of the office

2. Development time does not have to be taken as one full day per working week, it just has to be 20% of their working time during the programme

3. Directed learning - including lectures, self-study time, reflections and assessments - may take up a large percentage of the work development time, depending on the level of the programme

The myths busted.

We can give guidance on how to make the 20% development time work

for your organisation

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How does funding work?As an employer, you can either access funding via the Apprenticeship Levy or by claiming back 95% of the cost through government funding. You can make additional savings by not having to pay employer National Insurance for apprentices under the age of 25.

Find out more about the levy.

Developing your staff as a non-levy payer

If your pay bill is under £3 million, you will not pay into the Apprenticeship Levy. However, this does not mean you cannot hire an apprentice, you will instead share the cost through government-employer ‘co-investment’. You will only pay 5% towards the cost of the apprenticeship, with the remaining 95% being paid for by the government up to the funding band maximum.

Apprenticeships that started before 1 April 2019 will continue at the previous co-investment rate of 10%.

BPP’s non-levy apprenticeship training is part funded by the European Social Fund.

Levy Payers – The Facts

1. UK based employers with a pay bill of over £3m

2. Rate of 0.5% based on your full UK payroll bill

3. ‘Payroll bill’ is your total employee earnings subject to secondary Class 1 NIC

4. No 13.8% employer NIC payments for apprentices under 25

5. Digital Apprenticeship Service (DAS) account will hold the funds

6. 24 months before Apprenticeship Levy funds expire

7. Entitled to a fixed annual allowance of £15,000

8. 10% top-up is applied for every £1

Non-Levy Payers – The Facts

1. If your pay bill is less that £3m you can still access funds

2. Share the cost through government-employer ‘co-investment’

3. You will only pay 5% towards the cost of the apprenticeship

4. The remaining 95% is paid for by the government

5. Pay your contribution directly to your training provider

6. Funds are held in the Digital Apprenticeship Service (DAS)

7. May be eligible for additional funding and support

8. No 13.8% employer NIC payments for apprentices under 25

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Getting the right talent for your business.Maximising existing talent

You may choose to use an apprenticeship to train or upskill your existing staff. Our robust compliance and onboarding process can remove the administration impact for your business, enabling your employees to begin their apprenticeship at the next available opportunity.

Recruiting new talent

Tracking down the right candidates for entry-level positions can be time consuming and often difficult. Our recruitment service can help you find ambitious candidates who could be your next hire and it’s free of charge.

Find out more about our recruitment service.

Apprenticeship FAQs. Is the apprenticeship programme just for new recruits?

No. You can transfer existing employees who are either part way through their qualification or haven’t started a professional qualification yet onto the apprenticeship. We have a clear structure detailing entry points depending on their experience.

Is there an age limit for an apprenticeship?

There is no age limit for an apprentice, anybody, of any age, can do an apprenticeship.

Where does the employee have to be located to do an apprenticeship?

They must spend at least 50% of their time working in England.

Can my part-time employees do an apprenticeship?

Yes, we would extend the duration of their apprenticeship based on a set formula detailed in the government funding rules. This will depend on their weekly working hours.

Can learners study on evenings and weekends?

Yes, they can, but they need to be given time off in lieu as it is part of their 20% development time.

Our current study policy includes a salary sacrifice scheme, and they must pay back costs if they leave the company, can we offer apprenticeship programmes?

An apprentice cannot pay for any aspect of their apprenticeship programme. We have worked with many employers to help them change their study policies so that they can now benefit from introducing apprenticeship programmes.

Are there any additional costs?

For the accountancy and tax apprenticeship programmes the cost does not include registration, membership or exam fees (except the End Point Assessment fee which is covered).

We have spent all our levy pot, what happens now?

You will be able to use co-investment that is the same for non-levy paying firms, so you would just pay 5% off the cost.

What if my apprentice wants to finish their apprenticeship in a shorter duration or takes longer than planned?

Apprentices can finish their programme in a shorter time period, if they have been on programme for a minimum of 12 months. If they go beyond their planned duration, we will continue to support them.

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Disclaimer: This information is accurate as at the date of publication, January 2021. It is subject to change. This document is for guidance only and does not form part of any contract. For more, visit bpp.com. ©BPP 2021 06944 1st edition.

If you have any questions,

or require any more information visit bpp.com, or call 03300 603 100.