The ACA qualification and the ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB) are both offered by ICAEW, a world leader of the accountancy and finance profession.
The ICAEW chartered accountancy qualification, the ACA, is a highly-respected professional qualification that is valued by businesses worldwide. Completing the ACA enables you to use the title ‘ICAEW Chartered Accountant’ and use the letters ACA after your name. The ACA qualification is made up of four elements which will provide you with a combination of finance knowledge, accountancy skills and real-world business experience. They are:
- 450 days of practical work experience – offering invaluable insights into the realities of a career in chartered accountancy.
- 15 exam modules – covering a broad range of topics including: financial management, law, assurance and business strategy.
- Professional development – preparing you to successfully handle different situations that you will encounter throughout your career.
- Ethics and professional scepticism – providing you with the skills to work under close scrutiny and be confident you are making the right decisions.
ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB)
ICAEW CFAB is a practical business qualification for those interested in or working in business. Internationally recognised and respected by employers around the world, the qualification is ideal for all kinds of business-minded people. Over six modules, you will learn about business and finance, management information, law, assurance and the principles of tax and accounting. As you complete each module, you will receive a certificate of achievement. ICAEW CFAB is a respected stand-alone qualification, however it also serves as a route to the ICAEW Business and Finance Professional (BFP) designation and chartered accountancy with the ACA qualification.
ACA and ICAEW CFAB Modules
The six modules of the ACA Certificate Level and ICAEW CFAB are assessed electronically (computer-based exam). Students taking these exams attend an ICAEW approved test centre, enter their answers into a computer and can then access their results the next day via the exams section of the student website. Each exam is one and a half hours long.
If you have any further queries about the ACA or ICAEW CFAB qualifications, the computer-based exams, structure of exams or the syllabus please contact ICAEW at +44 (0)1908 248 250, email email@example.com, or visit the ACA or ICAEW CFAB student areas of the ICAEW website.
You can apply for and book a computer-based exam directly with an approved test centre. You should first speak to your employer as they may have arrangements in place with a test centre and may organise your exam for you along with your tuition.
Students whose firms do not have established arrangements or who wish to make their own arrangements can book a computer-based exam through Pearson VUE. To sign in (using the button near the top right corner of this webpage) you will need your ICAEW student registration number. Your Pearson VUE username and password are both ‘ICAEW’ followed by your student number (eg, ICAEW1234567). You will then be prompted to change the password for security, but your username will remain the same.
Note: From approximately mid-day (UK) on Monday 4th March 2019, the sign in process will be streamlined and you will no longer be required to remember a separate username and password. Instead you will have access to the appointment scheduling webpages by logging in to the ICAEW website with your ICAEW username and password.
Level 4 and Level 7 apprenticeship students
If you are a Level 4 or Level 7 apprenticeship student, you must not be asked to contribute towards the cost of your apprenticeship. Therefore, if you are paying for your exam entry fee, you must ensure that you have the ability to reclaim this cost via your organisation’s expenses process/system.
Important information about your exam appointment
Your exam will take place at a computer provided by the test centre. You should arrive at the test centre at least 15 minutes before your scheduled appointment time to complete the necessary centre sign-in procedures. If you arrive more than 15 minutes later than your scheduled start time, you may not be permitted to take the exam and you will have to schedule (and pay for) a new appointment.
Please read the information in these drop-down sections so that you are familiar with all of the requirements for sitting an exam:
ICAEW Exam Terms & Conditions
ICAEW will not be liable to you for loss resulting from or attributable to events, circumstances or causes beyond ICAEW’s reasonable control, including but not limited to: fire, flood, earthquake, adverse weather conditions, explosion, war, terrorist activities, civil unrest, system breakdown, outages, restriction, interruption or failure of utility service or internet access, non-performance by suppliers or subcontractors, any law or any action taken by a government or public authority (including without limitation imposing an export or import restriction, quota or prohibition or failing to grant a necessary licence or consent) any labour or trade dispute, strikes, industrial action or lockouts or unauthorised publication of exam content.
ICAEW will not be liable to you, in contract, tort (including, without limitation, negligence), for pre-contract or other representations (other than fraudulent or negligent misrepresentations) or otherwise out of or in connection with these terms and conditions for:
- any economic losses (including but not limited to loss of wages, revenues, profits, contracts, business or anticipated savings);
- any loss of opportunity;
- any loss of goodwill or reputation; or
- any loss resulting from or relating to any delay in qualification; or
- any special, indirect or consequential losses,
suffered or incurred by you arising out of or in connection with the provisions of any matter under these terms and conditions, and ICAEW’s total liability to you arising out of or in connection with these terms and conditions in contract and tort shall be limited to £1,000.
Nothing in these terms and conditions excludes or limits ICAEW’s liability to you where it would be unlawful to do so (including but not limited to ICAEW's liability for death or personal injury resulting from the Institute’s negligence (or that of its servants, agents or employees), fraud, fraudulent misrepresentation or for breach of implied terms under consumer rights legislation which cannot be excluded).