Accounting finance manager (level 6)
Manage and implement accounting, finance systems and processes.
- Qualification level
Equivalent to degree.
- Typical duration
- 36 months
- Apprenticeship category
- Legal, finance and accounting
- Maximum funding
Maximum amount government will fund
for apprenticeship training.
- Also known as
- Accounting and finance manager
- Accounts manager
- Accounts semi-senior
- Accounts senior
- Company accountant
- Credit controller
- Finance manager
- Financial accountant
- Financial controller
- Reporting accountant
- Systems accountant
Skills an apprentice will learn
- Prepare financial statements, or extracts thereof, in accordance with International Financial Reporting Standards (IFRS) and UK Generally Accepted Accounting Practice (GAAP).
- Identify and use appropriate digital technology to achieve desired outputs in the context of producing statutory of financial reports.
- Analyse financial and non-financial internal data and compare with benchmark data such as from competitors, stakeholders, and market trends.
- Use data analytics tools, visualise findings, make evidenced-based recommendations for future action and communicate them.
- Interpret and implement the latest guidance on secure data management to satisfy the requirements of the Data Commissioner and GDPR.
- Implement protocols and technology that minimise risks to data integrity and cyber security.
- Evaluate internal and external factors relevant to the operational compliance of the organisation with all necessary legal, professional and ethical frameworks.
- Apply the principles of digital systems management to ensure continued compliance with all relevant frameworks applicable to the organisation.
- Analyse and interpret the reasons for differences between internal and external source documentation and produce reconciliations that clearly identify those differences and required actions.
- Create budgets and forecasts using the most appropriate tools and techniques.
- Interpret budget reports to evaluate the reliability of forecasts and to identify variances which require further action.
- Calculate and interpret cash flow forecasts.
- Interpret cash flow reports and identify future action required to manage cash balances.
- Apply management accounting techniques to assist decision making within the organisation.
- Interpret management reports, and utilise a variety of media, including verbal communication, to deliver advice that impacts management decisions.
- Interpret and apply HMRC rules and guidance to produce tax calculations and statutory returns.
- Implement and manage systems and processes that gather the information required by HMRC.
- Analyse and summarise organisational or client decision making and the impact on taxation reporting and obligations.
- Implement and manage the technology to satisfy HMRC reporting requirements for digital taxation.
- Produce the information required by internal and external auditors in a clear format.
- Evaluate strategic options, taking into consideration the impact of internal and external factors.
- Develop, communicate, and deliver operational plans that meet strategic objectives; being able to set targets and KPIs, manage resources, and monitor and measure outcomes to establish operations effectively, efficiently and economically.
- Ability to interpret quantitative and qualitative data in order to assess business performance, and utilise a variety of media, including verbal communication that demonstrates emotional intelligence, to make recommendations.
- Analyse and interpret the process of how data is collected, extracted, analysed and reported.
- Evaluate the impact of different sources of finance on an organisation, including risk and recommend appropriate finance options.
- Advise organisations and implement technology to raise finance and maintain credit relationships.
- Design and manage a compliant credit control system that meets strategic objectives regarding customers, insurers, and cash flow.
- Implement technology that enables delivery of a credit control system that meets strategic objectives.
- Analyse, design, implement, communicate, monitor and review internal control systems and processes that mitigate risk, including error, fraud, and cyber risks.
- Document organisational manual and digital internal controls, identify weaknesses, and make practical recommendations for improvement.
- Develop and maintain effective relationships with internal and external stakeholders.
- Identify relevant information to be included in reports used by stakeholders.
- Identify potential improvements to HR policies and activities such as recruitment, training, appraisal, mentoring or management.
- Evaluate the effectiveness of digital technology used to appraise, monitor and manage staff.
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