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Accounting - Compare Routes
There are many instances on these pages where rolling your mouse over a graphic can reveal additional information. As well as the routes on this page moving your mouse over the Level numbers reveals information about that level.
Move over a Route to show the route - click the route for details and links
Entry Level
Level 1
Level 2
Level 3
Level 4
Level 5
Level 6
Level 7
Level 8
Entry Level
Level 1
Level 2
Level 3
Level 4
Level 5
Level 6
Level 7
Level 8
Qualification Levels

There are eight qualification levels and an entry level in the National Qualification Framework.

The levels shown opposite illustrate the qualification from the National Qualification Framework and the corresponding framework for Higher Education Qualifications.

In addition to the qualifications illustrated there is a wide variety of other vocational qualifications e.g. in IT there are qualifications offered by Microsoft, Oracle and Cisco which can be used to complement qualifcations from the framework.

In many cases it is possible to get in-work training in such qualifications.


Entry Level

Entry level qualifications recognise basic knowledge and skills and the ability to apply learning in everyday situations under direct guidance or supervision. Learning at this level involves building basic knowledge and skills and is not geared towards specific occupations.


Level 1

Level 1 qualifications recognise basic knowledge and skills and the ability to apply learning with guidance or supervision. Learning at this level is about activities which mostly relate to everyday situations and may be linked to job competence.


Level 2

Level 2 qualifications recognise the ability to gain a good knowledge and understanding of a subject area of work or study, and to perform varied tasks with some guidance or supervision. Learning at this level involves building knowledge and/or skills in relation to an area of work or a subject area and is appropriate for many job roles.


Level 3

Level 3 qualifications recognise the ability to gain, and where relevant apply a range of knowledge, skills and understanding. Learning at this level involves obtaining detailed knowledge and skills. It is appropriate for people wishing to go to university, people working independently, or in some areas supervising and training others in their field of work.


Level 4

Level 4 qualifications recognise specialist learning and involve detailed analysis of a high level of information and knowledge in an area of work or study. Learning at this level is appropriate for people working in technical and professional jobs, and/or managing and developing others. Level 4 qualifications are at a level equivalent to Certificates of Higher Education.


Level 5

Level 5 qualifications recognise the ability to increase the depth of knowledge and understanding of an area of work or study to enable the formulation of solutions and responses to complex problems and situations. Learning at this level involves the demonstration of high levels of knowledge, a high level of work expertise in job roles and competence in managing and training others. Qualifications at this level are appropriate for people working as higher grade technicians, professionals or managers. Level 5 qualifications are at a level equivalent to intermediate Higher Education qualifications such as Diplomas of Higher Education, Foundation and other degrees that do not typically provide access to postgraduate programmes.


Level 6

Level 6 qualifications recognise a specialist high level knowledge of an area of work or study to enable the use of an individual's own ideas and research in response to complex problems and situations. Learning at this level involves the achievement of a high level of professional knowledge and is appropriate for people working as knowledge-based professionals or in professional management positions. Level 6 qualifications are at a level equivalent to Bachelors degrees with honours, graduate certificates and graduate diplomas.


Level 7

Level 7 qualifications recognise highly developed and complex levels of knowledge which enable the development of in-depth and original responses to complicated and unpredictable problems and situations. Learning at this level involves the demonstration of high level specialist professional knowledge and is appropriate for senior professionals and managers. Level 7 qualifications are at a level equivalent to Masters degrees, postgraduate certificates and postgraduate diplomas.


Level 8

Level 8 qualifications recognise leading experts or practitioners in a particular field. Learning at this level involves the development of new and creative approaches that extend or redefine existing knowledge or professional practice.


Accounting
What do Accountants do?
Every major business decision involves understanding ‘the bottom line’. Accounting involves recording business transactions to generate financial information for effective financial control and planning.

Accountants work in all areas of industry and commerce, in the public sector and in private practice. Some specialise in areas such as tax, audit or insolvency. Forensic accountants analyse and interpret complex financial and business related evidence and often assist in court cases as expert witnesses.

UK professional qualifications are recognised world wide and may open up opportunities to travel.Most accountancy trainees are graduates but it is possible to start at a technician level and progress through taking professional accountancy qualifications and work-based training.

Source: jobs4u/ICAEW/Edexcel

There are several different pathways to become a qualified Accountant. The following pages give examples of just three possible routes
  • ROUTE 1 - Work based learning via Accounting Technician
  • ROUTE 2 - Vocational learning
  • ROUTE 3 - Graduate entry
Adults without formal qualifications can move into accounting. The industry welcomes mature entrants with experience, good people skills and business sense.
What else should I be doing?
It would help your Accounting career to:
 look for work experience or a holiday job in an accountant’s office
 work on your communication and negotiation skills
 practise your keyboard skills
 become familiar with all the basic software such as Word and Excel and perhaps an accounting package
 develop your commercial awareness
 practise problem solving
 get yourself elected as Treasurer of a local club or society
 
Useful links
Awarding bodies offering accredited qualifications in Accounting include:
The following organisations provide career information and accredited professional qualifications:
Chartered Institute of Public Finance and Accountancy (CIPFA) www.cipfa.org.uk
Institute of Chartered Accountants in England and Wales www.icaew.co.uk
Chartered Institute of Management Accountants (CIMA) www.cimaglobal.com
Institute of Financial Accountants www.ifa.org.uk (non chartered accountants)