Support for parents
Qualifying as an ICAEW Chartered Accountant offers access to a highly rewarding career that includes a variety of roles working within business and the not-for-profit sector, as well as for accountancy firms. If your child has questions about what a career in chartered accountancy could offer them, ICAEW can help you provide the answers.
ICAEW Chartered Accountants hold influential positions on the boards of multinational companies; advising governments; testifying in court; and supporting businesses and charities.
While anyone can call themselves an accountant, the title “chartered accountant” is restricted to those that have completed ICAEW’s ACA qualification, which involves at least three years on-the-job training coupled with the completion of 15 technical exams.
Every successful business requires financial experts to help guide them and the rigorousness of the ACA qualification means that ICAEW Chartered Accountants are sought after, with 80% of FTSE100 companies boasting at least one on their board.
The value of the ACA qualification, hear from our members
We wanted to understand why senior members of staff at top brands such as Manchester United, Mitie Group, Vodafone and BBC value the ACA qualification. Take a look to find out what the ACA has done for their career and why employers value it so highly.
What is the ACA qualification?
The ACA is a professional qualification that is recognised all over the world. It takes between three and five years to complete and is made up of four elements.
The first is the successful completion of 15 exam modules that provide in-depth financial and business knowledge.
Employers recruit ACA students from a diverse range of backgrounds; students can train straight from school, college or after university. There is no need to study finance or maths at A Level to start ACA training.
Potential ACA students should, however, be comfortable with numbers and have strong communication skills. A career in accountancy is about interpreting numbers, understanding their impact on an organisation and making financial information understandable for non-financial people.
ICAEW offers a number of different routes that enable students to start their training straight from school, via school-leaver programmes and higher apprenticeships, or after they have graduated from university.
Entry requirements for ACA training programmes vary according to the route and the individual employer’s needs.
School and college leaver routes to the ACA
The basic requirement to start studying the ACA qualification straight from school or college is GCSEs in English and Maths at grade A*-C and two A levels (or the international equivalent).
ICAEW offers support from the first day that students begin their ACA studies through to becoming a full ICAEW member and beyond.
Once your child has decided on their route to chartered accountancy and is registered as an ACA student a number of resources will be made available to them, including: webinars, exam support, online communities and the ICAEW’s library resources.
Furthermore, the ICAEW has a dedicated student support team to help those studying the ACA that is available over the phone, via email or on web chat.
ICAEW works with a number schools, colleges and universities to run events, offering advice on a career in accountancy and finance.
We also organise the annual BASE competition for school and college students. The competition allows them to showcase their business skills against other teams from across the UK and win a cash prize and a day’s employability skills workshop for their school.