Introduction to the Finance Business Partner Apprenticeship Program

November 2021

Finance Business Partner� DOL- Registered Apprenticeship

Combining

• instruction using the AICPA Finance Leadership Program
• paid, on-the-job training
• mentorship at the employer’s site
• a globally recognized credential – CGMA

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The Finance Leadership Program

Robust, online, self study pathway for apprentices to become finance business partners and earn the CGMA credential.

Builds finance competency across a broad set of technical, business, digital, people and leadership skills

Focus on real world application and knowledge integration in a digital world

Performance and Project Mgmt.

• Business Models
• Leading and Managing People
• Project Management

Digital Finance

• Finance Function Transformation
• Finance Business Partnering
• Data and Analytics

Strategic Management

• Competitive Advantage
• Strategy Formulation
• Strategy Implementation
• Digital Strategy

Advanced Mgmt. Accounting

• Cost Competitiveness
• Organizational Performance
• Pricing and Capital Investment Decisions
• Managing Risk and Uncertainty

Management Accounting

• Cost Accounting
• Budgeting and Planning
• Short-term Decision Making

Risk Management

• Enterprise Risk Management
• Strategic Risk
• Internal Control
• Cybersecurity

Advanced Financial Reporting

• Advanced Financial Statements
• Complex Group Reporting
• Financial Statement Analysis
• Long-term financing

Financial Reporting

• Regulatory Environment
• Financial Statements
• Principles of Taxation
• Managing Working Capital

Financial Strategy

• Financial Policies and Objectives
• Debt and Equity Finance
• Financial Risks
• Business Valuation and Acquisitions

Strategic Case Study Exam

Management Case Study Exam

Digital Finance Skills Certificate

Diploma in Management Accounting

Diploma in Advanced Management Accounting

Budget and Cost Analysis Skills Certificate

Financial Reporting Skills Certificate

Team Performance Management Skills Certificate

Financial Planning and Analysis Skills Certificate

Financial Statement Analysis Skills Certificate

Strategy Management Skills Certificate

Enterprise Risk Management Skills Certificate

Corporate Financial Strategy Skills Certificate

Operational Case Study Exam

Apprenticeships as career development

Apprenticeship programs are career development programs. They establish a pipeline of employees that an employer can develop and monitor over time to greatly increase the chance of developing a highly engaged, more skilled, long-term employee.

They are a talent pipeline management tool, that allows an organization to build, in addition to buy talent, and in doing so take control over how they address ongoing and future needs of their organization and improve recruitment.

Apprenticeship programs expand the candidate pool because the apprenticeship will provide experiences and education that the candidate may not have at the start. This allows employers to consider a broader range of candidates.

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Employer considerations

• Select and hire apprenticeships and pay above a base wage
• Provide on-the-job training and a mentor
• Work closely with the AICPA on reporting and progression
• AICPA will provide expert guidance and a “concierge service” to employers
• Some financial incentives may be available

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Apprenticeships yield results

According to the DOL:

$1.00 expenditure yields an average $1.47 increase in productivity.

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91% of apprentices remain employed after their program ends.

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97% of business with apprenticeship programs would recommend apprenticeship to others.

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Benefits:

• Mentorship builds better teams and managers
• Recruitment
• Wider pool of candidates
• Build skills and recruit people earlier in their careers

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6

Questions

In the Chat

1. What is your familiarity with apprenticeship programs? Does your organization currently have any apprenticeship programs?
2. What questions or concerns do you have?

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Polling

1. What do you find attractive about the program?
2. Would you consider piloting the apprenticeship at your organization?

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Registered Apprenticeship for Finance Business Partners

Next Steps:

• Sharing information about the program with universities and employers
• Looking at ways to partner with state societies in the future

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Contact:

ApprenticesUS@aicpa-cima.com

Thank you

© 2018 Association of International Certified Professional Accountants. All rights reserved.

Thank you

© 2019 Association of International Certified Professional Accountants. All rights reserved. This presentation’s images are subject to copyright protection and used under license from third parties. Do not use images from this presentation in other presentations or documents without first consulting with Legal. The use of copyrighted images outside the licensed scope constitutes copyright infringement and subjects the user to monetary damages and other penalties.

Thank you

© 2019 Association of International Certified Professional Accountants. All rights reserved. This presentation’s images are subject to copyright protection and used under license from third parties. Do not use images from this presentation in other presentations or documents without first consulting with Legal. The use of copyrighted images outside the licensed scope constitutes copyright infringement and subjects the user to monetary damages and other penalties.