With so much information on apprenticeships CIMA want to ensure that employers and potential apprentices understand the impact of new government legislation. The apprenticeships jargon buster was created to answer the most Frequently Asked Questions (FAQs) and explain some of the common jargon surrounding the subject.

Apprenticeships

Jargon buster

Chartered Institute ofManagement Accountants

Chartered Institute ofManagement Accountants

FAQ

I’m looking into becoming an apprentice. What should I do?There has never been a better time to be an apprentice and study CIMA. CIMA is using their experience with the old apprenticeship frameworks to support employers and tuition providers to ensure apprentices are successful.

What apprenticeship standards can I study CIMA on?CIMA will have apprentices studying the Certificate in Business Accounting at a number of employers through two separate apprenticeship standards from September 2016. These will be:

• Professional Accounting / Tax Technician

• Junior Management Consultant

Your employer could either mandate or give you a choice of pathway through the chosen apprenticeship standard. Ensure you ask your employer the study pathway they will be offering.

How can I apply for an apprenticeship to study CIMA?Many employers are offering CIMA as an option for their apprenticeships. You can use a variety of sites to find employers offering apprenticeships in finance, however most apprenticeships can be found via the government website www.gov.uk/apply-apprenticeship. If CIMA is the qualification you want to study always ask to ensure this is a possible pathway before accepting a role.

What has changed?New apprenticeship standards have been developed by employers for specific job roles. The apprenticeship standard can have a variety of different learning pathways such as the Professional Accounting / Tax Technician which enables you to gain a professional qualification such as CIMA or AAT whilst on the programme.

Continued overleaf

FAQ continued

I’m already an apprentice, or have an apprentice working for me; will I be affected?Don’t worry. The current apprenticeship frameworks are still being funded and those on these pathways will remain

until they complete the programme. You should already be in discussion with your tuition provider about the new apprenticeship standards ready for delivery and how they will impact you and prospective apprentices for your business.

For further information please contact our CIMA contact Centre:

T: +44 (0)20 8849 2251

E: cima.contact@cimaglobal.com

JARGON A-Z

Apprenticeship levyThis refers to compulsory payments made and funding given to employers across England. For more information on the levy, we recommend employers speak with their tuition providers or look up the latest Government provided information. Assessment organisation An organisation who will assess and award the learning of the entire apprenticeship standard.

Assessment planGuideline for assessment organisations on the assessment processes and criteria.

Assessment standardThe learning outcomes for a specific apprentice job role combined of knowledge, skills and behaviours.

End point assessmentThe final assessment which will assess the entire learning that has taken place throughout the apprenticeship.

On programme assessmentAssessments which supplement the learning set out in the apprenticeship standard can be added to the final portfolio to be assessed. This could include a stand alone qualification like CIMA’s Certificate in Business Accounting.

TrailblazersThe name given to a group of employers developing a new apprenticeship standard.