KPME ArticleA Career in Chartered Accountancy with ICAEW CFAB

A Career in Chartered Accountancy with ICAEW CFAB

A career in chartered accountancy spans a wide range of sectors and industries as professionals sit on the board of multinational companies, testify in courts, advise governments, as well as support charities and businesses across the globe. Chartered accountants play a vital role in the running of organizations and offer advice, assurance, and information that has incredible potential to shape business-critical decisions.

Why a career in Chartered Accountancy?

  • Great Earning Potential: Globally ICAEW Chartered Accountants earned on an average of £108,000 in 2018.
  • Global Recognition: Accountants who have completed the ACA qualification are sought after by employers all over the world.
  • Chartered Profession: The ACA qualification enables you to use the title ‘chartered accountant’ to distinguish you from other accountants.

 

Founded in 1880, ICAEW (the Institute of Chartered Accountants of England and Wales) is one of the oldest accountancy bodies in the world and has more than 189,500 members and students in 147 countries.

ICAEW Chartered Accountants are the largest source of business advice in the UK, reaching more than 1.5 million organizations. They undertake a large variety of work which can see them preparing financial statements, developing profit projections one day, and identifying strategic risks or advising on business improvements the next.

How to become an ICAEW Chartered Accountant?

To become an ICAEW Chartered Accountant, one must complete the ACA qualification, which involves three years of on-the-job training, a series of rigorous examinations, and continuing professional development.

These series of requisites ensure that candidates are transformed into highly qualified individuals and are in demand from all types of organizations, all over the world, and command an average annual salary of £51,000 in the first two years after qualifying.

Your first step to begin training for the ACA qualification is through completing ICAEW CFAB, which is made up of the first six modules of the ACA. This must be done before going on to complete the rest of the ACA qualification and offers you a certificate at the completion of each of the six modules.

CFAB route

What is the ICAEW CFAB qualification?

The first six modules of the ACA make up a stand-alone qualification, ICAEW Certificate in Finance, Accounting, and Business (ICAEW CFAB). This can be completed independently of the ACA and is a globally-recognized qualification. It is open to everyone and can be completed via self-study or with a tuition provider.

The six exams can be completed in any order and are assessed via computer-based assessment at local exam centres. As you pass each module, ICAEW will send you a certificate of achievement.

ICAEW CFAB can be achieved in 12 months and upon completion, you will receive your ICAEW CFAB qualification certificate. You can then go on to complete the rest of the ACA qualification and earn the coveted designation of an ICAEW Chartered Accountant.

 

If you are interested in joining hands with a leading ICAEW CFAB tuition provider to earn the qualification, then Kaplan Professional Middle East is here to offer you the expertise of the industry’s leading finance and accountancy trainers. Get in touch with us today to learn more about our ICAEW CFAB training program.