© ACCA

Lilly Aaron, Policy Manager - ACCA Europe

Background and ACCA’s social mobility track

record

© ACCA

ACCA Apprenticeships

14:50 – 15:10 Jimmy Greer, Head of Sustainability - ‘Purpose

and the profession’

15:10 – 15:30 Jane Towers Clarke, Head of Academic

Partnerships - ACCA apprenticeships and the

qualification

15:30 – 15:45 Morlai Kargbo FCCA, Managing Director, Moracle

- Hiring an apprentice

15:45 – 16:00 Further questions

© ACCA

The ACCA Journey

'I well remember the inception of the Association … The ideal was to place the Association on a

broader basis than that on which the two existing organisations for accountants were placed,

and to give everyone who intended to take up the profession, and could prove by examination

their fitness and experience, an opportunity of joining an Association which would provide them

with a qualification they could use...It has since been said that the ideal of this Association is

more democratic than that of any other.'

Arthur Priddle, ACCA's first president (1905–1908)

© ACCA

Jimmy Greer, Head of Sustainability -Professional Insights

Social Mobility: ‘Purpose and the Profession’

© ACCA

Purpose and the profession:

The global challenge

of improving

upward mobility

© ACCA

7 roundtables

UK, Kuala Lumpur,

Guangzhou, Lagos, Nairobi,

Karachi, Delhi

Over 13.5k survey respondents

© ACCA

The world is getting better

Literacy rate by country

© ACCA

The world is getting better

Human Development Index by world region, 1980-2013

© ACCA

Gains are not evenly distributed

Global income growth and inequality, 1980-2016

© ACCA

The world is changing

Urban population vs GDP per capita 2016

© ACCA

Intergenerational disadvantage

The Great Gatsby Curve

© ACCA

The world is changing

Areas of interlinked focus include:

Education quality, training and

retraining opportunities

Rebalancing geographic concentration

of opportunities

Effectiveness of antitrust laws,

competition policy and related

Improving labour legislation that

supports workers

© ACCA

Turbulence and technology

Artificial

intelligence

Platform based

working

© ACCA

Problems for the profession

‘It’s not for

me’

&

awareness

Hiring and

promotion Place

© ACCA

How to fix it

Raising

awareness

Removing

barriers

Skills & the

changing

world of work

Social

diversity

data

Networks:

democratic

connections

Pro-social

policy

© ACCA

The survey

Age of respondents Respondents status

Gender of respondents

An affiliate has completed the ACCA qualification but not

completed their professional experience and registered as

an ACCA member.

*

© ACCA

© ACCA

© ACCA

© ACCA

© ACCA

Conclusions

Purpose

matters

Improving

access for all

Focus on an

inclusive

future

© ACCA

Questions?

© ACCA

Jane Towers-Clark, Head of Academic Partnerships

UK Apprenticeships

© ACCA

Apprenticeships

UK Government Policy on Apprenticeships

Trailblazer Employer Led Steering Group

Accounting Apprenticeships

ACCA’s apprenticeships

© ACCA

UK Government Policy on Apprenticeships

Richards review 2012

UK government committed to 3

million apprenticeships

between 2015 and 2020

0.5% Levy from April 2017 on

employer bills above £3m will

drive apprenticeship uptake by

employers

Potential for apprenticeships to

be disrupter of training of

professional accountant in

England

© ACCA

UK Policy Risks

Government policy changes

including change to

university student fee policy

Employer/student behaviour

towards apprenticeships is

not as disruptive as

expected

Influencer behaviour around

credibility of apprenticeships

in the market place

© ACCA

Trailblazer Employer Led Steering Group

Chaired by KPMG and EY for L4 and L7 – now moved to

Boots and GT

Delivered L4 Professional Accounting Technician and L7

Accounting Professional

Review of L4 due to government policy changes

Potential for Level 6

© ACCA

Accounting Apprenticeships

L4 Professional Accounting

Technician

L7 Accounting Professional

Insititute of Apprenticeships

responsible for quality of

standards and advises

government on funding

© ACCA

Launch date

L4 Professional

Accounting Technician

• Apprenticeship approved 2014

• Trailblazer March 2017

• Funding cap £9,000 from April

2017

• Portfolio and reflective

statement requirement

• Minimum of 12 months

Friday Monday Tuesday Wednesday Thursday Friday

Options event Press release

NGTU Banner

NGTU Career

Adviser

newsletter

National

Apprenticeship

Show

Parent’s panel Social –

summary

photos of week

© ACCA

L7 Accounting Professional

• Standard approved June 2017

• Approved for delivery November 2017

• Funding cap £21,000

• Non levy paying can access up to

£18,900

• Further £1,000 funding for 16-18 year

olds

• Typically completed in 36 months with

minimum duration 12 months

• Requirement for Project Report as part

of EPA

© ACCA

ACCA Accounting Apprenticeships

Apprenticeships at each level comprises a

combination of:

• Existing ACCA exams

• Existing ethics/professional skills modules

• Existing work experience (or part thereof, tailored

for the Level 4 technician route)

• NEW end point assessment at each stage.

© ACCA

ACCA L4 Accounting Technician Apprenticeship

Work in a job receiving the same benefits as colleagues

Work alongside experienced finance professionals

Gain practical experience that counts towards achieving the ACCA Qualification

Build accounting and finance skills

Receive off-the-job training and learning support equalling approximately 20% of working week

Take three exams and final end point assessment

First students sat their Technical and Role Simulation Exam in December 2017 and will submit their Portfolio and Reflective Statement in December 2017

© ACCA

ACCA L7 Professional Accountant Apprenticeship

Funded gateway to ACCA

membership

Solution to support employers

building pipeline

Includes Ethics and

Professional Skills module

Includes business insight,

professional scepticism and

leadership

Can move to level 7 on

completion of Level 4

© ACCA

L7 ACCA Apprenticeship: Key benefits

Specialisation

• Options exams within Level 7 are a core strength allowing

apprentices to develop technical excellence in chosen areas.

Business-ready

• Level 7 includes our Ethics and Professional Skills Module (EPSM)

which is a highly practical and innovative approach to skills training.

Strategic Business Leader exam

• Real-world scenarios are used to set challenges that require

apprentices to blend technical, professional and ethical skills.

Digital

• Our computer based exams reflect real-life working practices and

include up-to-date tools like word processing and spreadsheets.

Make hiring simpler and cheaper

• We work with employers to reduce the cost of talent recruitment and

shorten the time for skills development.

© ACCA

Questions?

© ACCA

Morlai Kargbo FCCA, Managing Director - Moracle

Hiring an ACCA apprentice & importance of

vocational training

© ACCA

Moracle Foundation

Morlai Kargbo,

FCCA

Managing Partner

of Moracle

The Foundation:

o Sources 12 and 24 month paid contracts

for graduates or trainees

o Ongoing career development mentoring

o Offer employers pre-screening and

training for work experience students

o Negotiate training and salary package

© ACCA

Questions?