Finance Business Partner

Competency-Based Apprenticeship
Sponsoring Company:
American Institute of Certified Professional Accountants (AICPA)
O*Net Code
Rapids Code
Req. Hours
Apr 04, 2021
Apr 04, 2021

Competency-Based Skills

2 skill sets | 21 total skills
Digital Finance, Management Accounting and Financial Reporting and Taxation
Explain the role and transformation of the finance function
Explain main business functions and finance business partnering
Identify how data backed analysis supports decision making
Apply cost accounting methods and techniques to assist management in planning and decision making.
Prepare and use budgets to provide information to management for planning and control
Use the concepts of relevant costs and revenues to present information which assists in short-term decision making
Understand and describe major global regulators overseeing financial reporting, governance of the International Accounting Standards Board (IASB), the standard setting process and principles of corporate governance over financial reporting
Describe specific financial reporting standards and apply them to prepare basic financial statements
Distinguish between different types of taxes, prepare a basic corporate tax calculation and recognize key issues affecting international taxation
Explain the importance of cash and working capital management, identify sources of short-term financing and use working capital ratios as performance indicators
Project and Relationship Management, Advanced Management Accounting, and Advanced Financial Reporting
Create a strategy to achieve a competitive advantage
Manage and utilize leadership skills to improve team performance
Use project management tools to drive change or transformation
Achieve competitive advantage by managing costs
Manage and control performance of the organization
Support pricing strategies and capital investment decisions
Identify and manage risk associated with decision making
Prepare advanced financial statements in line with International Financial Reporting Standards (IFRS)
Prepare financial statements in accordance with relevant international accounting standards for a group of entities
Advise on decisions relating to sources of long-term finance, along with their associated costs
Analyze financial statements to provide insights about financial performance and position

Technical Instruction

Apprenticeship Orientation
This course prepares an apprentice for the requirements of participating in and completing their apprenticeship, including topics such as record keeping of related instruction classes and on-the-job learning experiences, professional communication, time management, goal setting, self-advocacy and emotional intelligence, supervisor interaction preparation, growth mindset and training plans, building strong relationships, feedback and tough conversations, workplace conflict, and workplace safety and ergonomics
# | 10 hrs
Digital Finance
This course covers how technology and digitization continue to affect the role and transformation of the finance function. This segment covers such topics and prepares the apprentices to master skills in: Finance function transformation/Finance business partnering/Data and analytics.
# | 20 hrs
Management Accounting
This course covers the process of analyzing, planning and managing costs to support decision making and implementation of strategies.
# | 20 hrs
Financial Reporting and Taxation
This course covers financial reporting considerations and related regulatory issues that provide the basis for preparing financial statements, methods to calculate taxation and explain its affects, usage of financial statements to gain understanding of short-term financing to improve the ability of the organization to create and preserve value.
# | 20 hrs
Project and Relationship Management
This course covers the process of developing organizational strategy to achieve competitive advantage, managing people performance to implement organizational goals, and implementing organizational goals through project management.
# | 40 hrs
Advanced Management Accounting
This course covers capital investment decisions to acquire the capacity to create value, how to manage costs using costing and cost driver analysis, how to manage and control the performance of organizational units along with considering risks and controls in the short, medium, and long term.
# | 50 hrs
Advanced Financial Reporting
This course covers financial reporting standards for preparing financial statements, financial statements analysis to provide insights along with other key concepts.
# | 50 hrs
Strategic Management
This course covers the strategy process which includes analyzing the organizational ecosystem to diagnose opportunities and challenges to create value, as well as search for, develop and evaluate strategic options.
# | 70 hrs
Risk Management
This course discusses ways to identify and evaluate organizational risks and their sources that can impede the implementation of strategy; it also evaluates the use of internal controls to manage organizational risks.
# | 70 hrs