ICAEW has joined employers, training providers and industry professionals to develop a new trailblazer standard in accountancy. The Level 4 trailblazer has been designed as an entry-level role in accountancy and is relevant to students working in business, practice, government and charities.
This alternative route in to the profession is ideal for school leavers who may not want to go to university, as well as professionals who are keen to re-train and take their career in a new direction. This option may also appeal to graduates who have studied for a non-related degree and are currently working in an accounting or finance position.
There are two separate routes available to choose from: the examination route and the work experience route. Both routes will require apprentices to complete an on-programme assessment and a final end-point assessment, before they can qualify as an apprentice.
Students applying for this apprenticeship must already hold a grade C or above in GCSE English and Maths (or equivalent) as a minimum. Employers may wish to set additional entry criteria to suit their organisation.
The delivery of this apprenticeship can be flexible depending on the employer’s needs. We recommend that employers talk to a training provider about any requirements they may have, as they will be able to help you to design a programme to suit their business. Employers will need to choose an approved provider from the SFA’s Register of Training Organisations (ROTO ), which is available online now at gov.uk/sfa.
The trailblazer will take between 18–24 months to complete.
Apprentices on the examination route will study the ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB). ICAEW CFAB is the first six Certificate Level exams of our ACA qualification. Students will study for each exam and gain the fundamentals in accountancy, finance and business.
They will gain knowledge in the following subjects:
Apprentices on the work experience route will need to demonstrate their competency through their practical work experience - this will be assessed through their completion of a training log and regular progress reviews. For more information about this route, please contact us.
This is designed to ensure that an apprentice is making good progress and is demonstrating the knowledge, skills and behaviours to qualify. For apprentices following the examination route, the on-programme assessment will comprise of a combination of the ICAEW CFAB exams and work experience.
Apprentices on the work experience route will have to complete a work-based assessment. The employer will have to make the final decision as to whether an apprentice is provisionally competent and able to progress on to the final end-point assessment.
This is designed to assess all of the knowledge, skills and behaviours an apprentice should have developed throughout the course of their apprenticeship. The assessment should therefore take place at least 12 months in to the programme, to ensure that they are fully prepared.
The end-point assessment will comprise of the following: