Stand alone qualification
Can help you get a job, promotion or increase the scope of roles you can apply for
Why study ICAEW CFAB?
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Entry route to the ACA
Get a head start on your peers and increase your appeal to prospective employers
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Flexible study options
Complete the exams in any order when it suits you
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Key business skills
Learn valuable skills that are transferable to any sector or if you want to start your own business
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No formal qualifications
No academic qualifications needed to start
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Stepping stone to BFP
Gain professional status with the ICAEW Business and Finance Professional designation and add the BFP letters to your name
At a glance
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Entry requirements
No formal academic qualifications needed
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Achievable in 12 months
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£180
Registration fee
+ VAT where applicable
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£33
Learning materials
per subject
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Prices vary
Tuition fees
Prices vary according to tuition provider and chosen study option
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£75
Exam fees
per exam attempt
Study options
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Classroom
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Online
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Self-study
What is ICAEW CFAB?
ICAEW CFAB is a qualification that teaches essential knowledge in finance, accounting and business, and it is recognised by organisations all over the world. It is open to everyone and it is flexible around your current schedule. The exams can be taken in any order at many exam centres around the world.
Upon completion, you will receive your ICAEW CFAB qualification certificate. It will give you an impressive-looking CV and show employers you have the job-essential skills they are looking for. It can help increase the roles you can apply for. It also provides skills that are invaluable for any start-up business.
If you have previously or are currently studying a relevant qualification you could be eligible for exam exemptions for up to five of the ICAEW CFAB exams. This means you may not have to sit all of the exams to gain the qualification.
ICAEW CFAB is also a stepping stone to the ICAEW Business and Finance Professional (BFP) designation.
If you are at university, anywhere in the world, you can gain access to ICAEW CFAB for £20. You can do so by choosing ICAEW Student Scheme (USS) at the point of your student registration at icaew.com/studentregistration
How is ICAEW CFAB structured?
ICAEW CFAB consists of six modules. Each one focuses on a key aspect of finance, business or accounting, giving you practical insights and knowledge that will help you in your career.
The six exams which are the first six modules of the ACA qualification cover:
- Accounting
- Assurance
- Business and Finance
- Law
- Management Information
- Principles of Taxation
The exams are computer based and taken at one of our approved test centres. This means that you can take your exams at any time of the year (subject to centre availability). As you pass each module, ICAEW will send you a certificate of achievement. Once you have completed all six modules, you will receive your final ICAEW CFAB qualification certificate.
What can I do next?
After completing ICAEW CFAB you have a number of options available to you. You can complete additional requirements to secure ICAEW Business and Finance Professional (BFP) status.
You can also register to study the ACA and complete the remaining nine ACA exams and additional requirements to qualify as an ICAEW Chartered Accountant.
What can I do next?
By completing ICAEW CFAB you will have gained essential business and finance knowledge, and an internationally recognised qualification - an invaluable asset to your career. If you would like to develop further, you can continue your journey and gain professional status as a BFP or an ACA.
Become a BFP
The ICAEW Business and Finance Professional (BFP) designation provides you with professional status, recognises your achievements and supports you with your development as you progress in your career.
By adding the BFP letters to your name, you demonstrate your ability to stay up to date in your profession, and show a strong understanding of ethics and a commitment to professional development.
Become a chartered accountant
After ICAEW CFAB, you can register to study the ACA, a prestigious qualification that will take you all the way to chartered accountancy, opening up a huge number of potential career paths.
As you will have already completed the Certificate level of the ACA, you will only need to complete the remaining nine ACA exams and additional requirements to qualify as an ICAEW Chartered Accountant.
