Empowering Tomorrow’s Financial Leaders Today
Why CFAB
The ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB) is an internationally recognised certificate from ICAEW – a world leader of the accountancy and finance profession. CFAB can help you gain essential knowledge on business, Finance and Accounting and a formal certificate to demonstrate your achievement.
CFAB covers essential areas of finance, accounting and business, providing a strong foundation for understanding the complexities of the financial word. Emphasis on practical skills that are directly applicable in the workplace making graduates immediately valuable to employees.
Enhances your resume and makes you a more competitive candidate in the job market. CFAB serves as a stepping stone to the prestigious ACA qualification allowing future career progression.
ICAEW is globally respected institution and the CFAB qualification is recognised by employers worldwide, opening up international career opportunities.
CFAB is accessible to individuals from different educational backgrounds, making it an excellent starting point for those new to Finance and Accounting.
The knowledge and skills gained through CFAB boost personal confidence in handling financial matters and decision-making.
The qualification encourages analytical and critical thinking skills, essential for problem-solving in business contexts.
Programme Overview
ICAEW CFAB is the same syllabus content as the first six modules of the ACA (Business and Finance, Management Information, Accounting, Law, Assurance and Principles of Taxation). You can study ICAEW CFAB as a stand-alone qualification or as a possible stepping stone to the ACA qualification. Once you have passed the six ICAEW CFAB exam modules, you gain a certificate of achievement from ICAEW.
To qualify as a CFAB you don’t need to be in a training agreement, you just have to pass the e-assessment exams of the following six modules:
- Management Information: Techniques for managing business information
- Accounting: Introduction to Financial Accounting principles and techniques
- Law: Understanding legal principles relevant to business and accountancy
- Assurance: Basic of Audit and Assurance practices
- Principles of Taxation: Fundamental concepts of Taxation
- Business and Finance: Overview of business environments and Financial Management
What You Need to Know
- Not required to have attained any educational level.
- Must be registered with ICAEW as a student for the ICAEW CFAB qualification.
- Must have paid the applicable fees set by the Committee.
Visit the ICAEW page to register.
Dates:
There are no predetermined dates/exam sittings. You can take the exam any time of the year depending on the Cyprus College e-assessment centre availability.
Fees:
There is a one-off registration fee of £165 (including VAT where applicable). Exams fees are currently £65 each.
Cost for credit for prior learning / exemption is currently £65 each.
Each module is examined using Computer Based Assessment.
You can complete them in any order and at a speed that suits you, so you can easily fit studying around your work and personal commitments. You don’t need to complete any modules for which you have received credit for prior learning/exemptions.
It should be clarified that Accounting is compulsory.
Each computer-based assessment lasts one and a half hours. There are 40 questions for the Accounting and Management Information modules, and 50 questions for the other four modules. You can attempt them at any time of the year at Cyprus College e-assessment centre.
