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Qualifying as a Chartered Accountant. ICAEW ACA – A combination of four components Work experience Initial professional development Structured training.

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Presentation on theme: "Qualifying as a Chartered Accountant. ICAEW ACA – A combination of four components Work experience Initial professional development Structured training."— Presentation transcript:

1 Qualifying as a Chartered Accountant

2 ICAEW ACA – A combination of four components Work experience Initial professional development Structured training in ethics Examinations

3 ICAEW Entry requirements and entry routes

4 ICAEW The ACA – minimum entry requirements Minimum entry requirements: – Two A levels (or international equivalent) and three GCSE passes including Maths and English

5 ICAEW The ACA – multiple entry routes Graduate route – Don’t need maths/accounting at A-level – 84% of ACA students have a degree – Majority of these have a non-relevant degree – eg, law, civil engineering, modern languages, history… School- leavers (A-levels or international equiv.) Fast Track programmes (from AAT) Certificate in Finance, Accounting and Business

6 ICAEW Exams

7 ICAEW ADVANCED STAGE 6 application modules – paper-based exam Each 2.5 hours long Case study 4 hour assessment Exams PROFESSIONAL STAGE 2 Advanced Stage modules – paper-based Each 3.5 hours long 6 knowledge modules – computer-based exam Each 1.5 hours long

8 ICAEW ACA exam structure

9 ICAEW Credit for prior learning / exemptions

10 ICAEW Credits / exemptions available

11 ICAEW Initial professional development

12 ICAEW Initial professional development Personal effectiveness Technical and functional expertise Professional judgement Business awareness Ethics and professionalism Set up to ensure continuous development in the following key areas that define a chartered accountant

13 ICAEW Structured training in ethics

14 ICAEW Structured training in ethics Web-based interactive programme Updated ethics guidance and activities Three stages designed to be spread across training Ethics also integrated into exams

15 ICAEW Work experience requirements

16 ICAEW Work experience requirements 450 days of ‘real’ work experience of a financial, business or commercial matter Can include but is not limited to one of (or multiple) of: – Accounting – Audit/Assurance – Taxation – Financial Management – Insolvency – Information Technology

17 ICAEW Employers – they include: Practice: From Big Four to sole practitioners Public sector: National Audit Office, Ministry of Justice, Department of Transport, Thames Water, Portsmouth City Council, Wales Audit Office Financial services: Barclays, American Express, Deutsche Bank, JP Morgan, Royal SunAlliance, Royal Bank of Scotland, Old Mutual Business: T-Mobile, BUPA Care Homes, Barratt Homes, British Land Company

18 ICAEW ACA training across the world

19 ICAEW China Office. Local tuition and exam centres for top-up ACA course from CICPA qualification Cyprus and Greece Local tuition and exam centres Malaysia Office. Local tuition and exam centres Russia Local tuition and exam centres UK HQ. Local tuition and exam centres across UK Europe Tuition at selected centres in France, Germany etc Singapore Office. Local tuition Pakistan Tuition. Exam centres Gulf Tuition in Dubai and Bahrain Romania Local tuition and exam centres Where can students train for the ACA

20 Qualifying as a Chartered Accountant


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