To become an ICAEW Chartered Accountant you must study and pass 15 exam modules focused on different aspects of accountancy, finance and business. Designed to provide you with in-depth knowledge across a broad range of topics, each of the ACA qualification modules are directly relevant to the work that you will do throughout your training. While the modules are split over three levels: Certificate, Professional and Advanced, the modules can be taken in any order, except for the Case Study which must be taken last.
1.5 hour computer-based assessment.
Can be completed at any time at approved test centres.
These modules will introduce you to the fundamentals of accountancy, finance and business.
Most ACA students complete the Certificate Level within the first year of their training agreement.
ICAEW CFAB is a qualification on its own, but it’s also a stepping stone to the ICAEW Business and Finance Professional (BFP) designation.
BFP provides you with professional status, recognises your achievements and supports you with your development as you progress in your career.
By gaining the designation, and 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.
You can start your journey to BFP and complete the requirements while studying for ICAEW CFAB, or once you complete it.
Credit for prior learning (CPL), also known as exemptions, are available for some of the Certificate level and Professional level exam modules. If you have studied a related subject at university, you may be eligible to apply for exemptions for up to eight modules.