Professional Accounting or Taxation Technical Standard ST0003 Level 4
The Professional Accounting or Taxation Technical Standard is a Level 4 Accounting Apprenticeship for people more experienced in Accounting & Finance. Over the duration of this Apprenticeship, you will develop in-depth knowledge, skills and behaviours necessary to achieve a Level 4 Diploma which makes you eligible for full AAT membership, an internationally recognised professional status in accounting and finance. This is a great pathway to develop your accounting and finance skills while causing minimal disruption, if you are already employed.
Examples of roles as a Professional accounting or tax technician include, but are not limited to:
- Assistant auditor
- Assistant management accountant
- Assistant financial accountant
- Accounts payable and expenses supervisor
- Commercial analyst
- Payroll manager
- Senior bookkeeper
- Senior financial officer
- Tax investigations officer
- Personal tax assistant
- Business tax assistant
Requirements
This occupation covers two areas of specialism, accounting and tax. A successful apprentice will have met the core requirements common to both areas and one of the two technical knowledge option requirements. A competent Professional accounting or tax technician, on completion of the apprenticeship standard, will meet the following requirements:
option 1 – accounting:
Knowledge and understanding of the core elements of double entry bookkeeping and accounting standards enable accountants to create and report financial information to the users of accounts. A Professional accounting technician will understand and/or validate the accounting standards for basic accounts preparation and/or the drafting of financial statements. Depending on their role they will also have specialist knowledge in other aspects of accounting, for example management accounting and tax accounting.
option 2 – tax:
A Professional tax technician will be required to have knowledge and understanding of the core elements of personal and business taxation and accounting principles. They will be required to prepare tax calculations, prepare government forms, understand and comply with filing deadlines, and document client paperwork. Depending on their role they will also have specialist knowledge in other areas of taxation, for example business compliance, VAT, Inheritance tax, trusts and estates and corporate tax.
Knowledge:
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Business Awareness
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Ethical standards
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Regulation and compliance
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Systems and processes
Skills:
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Analysis
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Communication
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Leadership
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Planning and prioritisation
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Produces quality and accurate Information
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Team Working and collaboration
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Uses systems and processes
Behaviours:
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Adaptability
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Adding value
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Ethics and integrity
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Proactivity
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Professional scepticism
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Nishkam Centre
6 Soho Rd, Handsworth
Birmingham B21 9BH
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