Presentation on theme: "HOW TO BECOME AN ICAEW CHARTERED ACCOUNTANT"— Presentation transcript:
1 HOW TO BECOME AN ICAEW CHARTERED ACCOUNTANT Key slideEach slide is supported by a guide script and also background information about the topic to help your further understanding. You don’t have to follow the script exactly and please don’t read out all the information contained but use the script and extra information to help guide and inform you.Hi, my name is … and I’m from ICAEW. I’m here to tell you a little bit more about ICAEW, what a chartered accountant is and what they do, and how you can become an ICAEW Chartered Accountant in the future.HOW TO BECOME AN ICAEW CHARTERED ACCOUNTANTTake your first step towards a highly rewarding career in accountancy, finance and business
3 What’s an ICAEW Chartered Accountant and what do they do? Key slideSo what’s an ICAEW Chartered Accountant, and what do you think they do?ICAEW Chartered Accountnats are highly skilled professionals who interpret financial information so important decisions can be made. The vital role they play means accountants are highly respected and in demand. As a result they have varied careers and find themselves in senior decision making roles in all types of organisations.
4 ICAEW Chartered Accountants… are high achievers in accountancy, finance and businessare professionally qualified with ‘chartered’ statusare respected for their valuable business adviceKey slideSo what makes an ICAEW Chartered Accountant different?They are highly qualified professionals who have achieved the ACA qualification from ICAEW. They are trusted and respected for their ability to give valuable advice to individuals and businesses around the world and are often found working at the highest levels.Individuals and businesses recognise that through their training ACA training, ICAEW Chartered Accountants have developed a diverse range of knowledge, skills and experience that is vital in todays competitive business world.Where appropriate (i.e for older audiences) - introduce it is the qualification for business leaders and high achievers, that holding a professional qualification offers a secure career with longevity.
5 It’s much more than numbers… … lots of people interaction… don’t just sit at a desk… lots of opportunity to be creative… can work in a variety of different sectors and businesses… have the opportunity to travelKey slideSo what do they actually do?Many people think accountants are confined to their desks and that it’s all about numbers but it involves more interaction with people than you may think. ICAEW Chartered Accountants communicate complex financial and business information to their colleagues, managers and clients in an easy to understand way. Accountants get to know organisations inside out, so they understand the challenges and opportunities individuals and businesses face, they guide people in making crucial decisions which means that they are in demand and often find themselves in meetings and on client visits – so are rarely confined to their desk!The variety of opportunities on offer throughout a chartered accountants career is wide ranging. You could find yourself in any sector and any size of organisation; from a firm of accountants to a charity, meaning no two roles will be exactly the same. And its not just restricted to the UK either, ICAEW Chartered Accountants are in demand all around the world so there’s lots of opportunities to travel, take secondments or even move abroad.So lets take a look at the different opportunities in more detail.
6 Where do we work? Not for profit Industry Practice Key slide So where do they work?Just about anywhere. Where you go with your career depends on what you’re interested in, and the level you want to reach. As an ICAEW Chartered Accountant you will have the opportunity to work in organisations of all different types, sizes and locations. When starting your journey, you could perform any number of roles from technical and analyticalwork to financial planning and business strategy. You’ll develop skills that will be vital to any organisation.
7 Not for profit / public sector Organisations which operate for a charitable, humanitarian, or educational purpose.Government departmentCharityNot for ProfitYou can train or work in any number organisations that operate for charitable or not-for-profit reasons; including charities, government departments and organisations such as universities and even professional membership organisations such as ICAEW.Not for profit organisations re-invest their profits into the organisation to achieve it’s mission, you will assist in helping your organisation to make the most of its money looking for cost savings and new opportunities to improve the efficiency of operations at all times. Charities on the other hand, need to ensure they are using the funds they raise as efficiently as possible in order to achieve their mission.Careers in the charity and not-for-profit sector are challenging and can be highly rewarding due the differences they have to profit making organisations. They have different rules and regulations to comply with ranging from tax implications, to the way they save, use and invest money.While the aim of these organisations is not to make a profit to pay to shareholders there are still many similarities, so you will find there are a number of similar roles such as:Finance Controller (overseeing transactions, the preparation of financial accounts and internal control)Finance Director (reporting on monthly figures, budgeting and forecasting, developing strategy, ensuring the success of the organisationAuditor - Internal (oversee audit teams on projects, submission of final audited accounts, implementation of procedures and controls)
8 Financial servicesIncludes a variety of organisations – not just banksBankingFinanceInsuranceInvestmentsWealth managementMergers and acquisitionsYou can train or work in any number of banking and financial services organisations; from those high street names you know well to specialists you have not yet heard about. The financial services industry is about saving, borrowing and investing funds, and making sure funds are being managed effectively. It is a large sector and important to the UK economy meaning it employs a large number of people in a wide range of roles; not just in London but across the UK.The slide highlights some of the areas you can train and work in and roles could include;Banking: Corporate Banking, Risk, Corporate Finance, Corporate Governance, CSR….Finance: Credit management, Risk, Treasury, Internal Audit…Insurance: Risk Analysis and Management, Product Management, Corporate Governance, Audit, Business Development.Investments: Mergers and Acquisitions, Corporate Finance, Financial Advice and Management, Compliance, Fund Management, Stock Valuations.
9 Business Work for any business Different sizes, different sectors, different countriesInternal AuditRisk/ ControlManagement AccountantFinance DirectorYou can also train and work in the finance department of a number of well-known high street organisation. You are likely to be part of the finance team. You will have a range of roles and responsibilities from analysing monthly management information to providing reports to assist management with making strategic business decisions.
10 Practice Firms of chartered accountants Large – Big 4 Medium – Top 20 Small – Less than ten partnersSmaller high street firms, one or two partners…Public Practice is another term for firms of accountants, they range in size and type and many specialise in particular areas of accountancy. Ask the audience if anyone can name any of the ‘Big 4’ Accountancy firms. Do the same with Top 20 depending on how informed they are. If appropriate, explain to the group what differentiates these organisations (size and turnover, number of offices and staff, types of clients etc).ICAEW Chartered Accountants carry out a number of different roles within Public Practice and the size and type of practice can dictate the type of work you will be exposed to. While large practices such as the ‘Big 4’ deal with large multi-national organisations, medium size firms often specialise in specific types of customers and smaller firms often have smaller more local clients.Areas of specialism include: (explain a little about each area if time permits)TaxAuditForensic AccountingBusiness AdvisoryCorporate Finance
11 Whatever your aspirations A professional qualificationBeing challenged and stretched at workJob securityJoining a student networkEarly responsibilityOpportunity for rapid promotionClient and customer contact from the startWorking with senior managers and executivesThis slide is designed to help you demonstrate to students the range of different levels they can reach depending on their ambitions. It is important to highlight that earnings vary considerably throughout the profession and that a career as an ICAEW Chartered Accountnant has a number of benefits as illustrated in the slide.
12 Become an ICAEW Chartered Accountant We have covered what an ICAEW Chartered Accountant is and what opportunities the career can offer so now we will move on to how you could become one. To have a successful career as an ICAEW Chartered Accountant you need the right mix of knowledge, skills and on-the-job experience. The ACA qualification from ICAEW is one of the most advanced learning and professional development programmes available. It shows you’ve got the ability and commitment to perform to the highest level. It sets you apart and gives you a competitive edge.BUSINESS WITH CONFIDENCEicaew.com/careers
13 The ACA Qualification HOW TO BECOME AN ICAEW CHARTERED ACCOUNTANT Key slideThe ACA is a world leading professional qualification, which provides a combination of technical knowledge, professional skills and practical The ACA is a world leading professional qualification, which provides a combination of technical knowledge, professional skills and practical experience. It equips talented individuals to perform at the highest level in accountancy, finance and business and involves four key parties;You – it’s your career and you are central to your ACA training, only you know what you can and want to achieve;Your employer – who will be committed to supporting you throughout your trainingYour training provider – who will ensure you develop the technical knowledge you need to become and ICAEW Chartered AccountantICAEW – who will support you throughout your training and then through your career once you become a fully qualified member.
14 How it works HOW TO BECOME AN ICAEW CHARTERED ACCOUNTANT Key slide The ACA consists of integrated components which are completed as part of a training agreement with one of our 2,850+ ICAEW authorised training employers. The training agreement is separate to your employment contract and will ensure you receive the highest quality and standard of training possible. It will outline you and your employers commitment to your ACA training including; study leave, time off for exams, mentor support, tuition etc.Because ACA training is done on the job, you get the opportunity to learn while in employment. But you don’t have to wait until you have a training agreement to start the ACA qualification – you can start while you’re studying at university or searching for a job with an authorised training employer.
15 What you actually do KEY Slide THIS SLIDE REPRESENTS WHAT THE ACA IS The ACA is a professional qualification which means it combines knowledge, skills and experience. Each of the components of ACA training are integrated, allowing you progress with confidence through the qualification (that’s the four bits in the middle).Professional development prepares you to successfully handle a variety of different situations that you’ll encounter throughout your career.ICAEW Chartered Accountants are trained to be transparent and honest in all business relationships so that their judgment is not compromised through bias, conflict of interest or undue influence. Ethics and Professional scepticism is a fundamental part of ACA training and ensures you have an attitude that includes a questioning mind and being watchful of conditions that may indicate possible error or fraud.Practical work experience (or on-the-job training) allows you to put theory into practice. You’ll need to gain 450 days of work experience as part of your training agreement which takes approximately 3-5 yearsFor ICAEW Chartered Accountants to be able to provide helpful and accurate financial advice, they need to have in-depth knowledge across accountancy, finance and business. This gives you a competitive advantage no matter where your career takes you. Our modules cover a range of subjects from business and finance to strategy, law andtaxation.
16 Professional development You’ll develop your ability and performance in seven key areas:Adding valueICAEW Chartered Accountants are not confined to a desk: you could find yourself representing your organisation to win business, working at client premises, joining a project team or presenting analysis.Professional development prepares you to successfully handle a variety of different situations that you’ll encounter throughout your career. You’ll work closely with your employer to ensure you develop your abilities in seven key areas which define you as a professional. Your Professional Development is flexible because we all know everyone is different, therefore the speed at which you will progress through the programme will vary depending on your ability; you may find you progress through the communication stages much quicker than the problem solving ones.Background information:Example competenciesCommunication – Negotiation, uses resources to present information, able to use persuasion, shares information and knowledge.Team Working – Can manage a project involving others, can allocate resources effectively, uses team structures to meet performance objectives.Decision Making – Analyse data to predict outcomes, evaluates risk to ensure data is reliable, can maintain position under pressure, can show how data can aid decision making.Consideration – Uphold the reputation of the organisation for which you work, can identify an ethical conflict or breach and report it, demonstrate an awareness of CSR.Adding Value – Lead by example, use creativity to solve a problem, demonstrate your commitment to continuous learning, show independence.Problem Solving – Can solve a problem that exceeds the expectations of the organisation, can make well though out recommendations, analyse a problem and identify all options, use practical experience to help others.Technical Competence – Can solve a complex technical problem, show proficiency in a range of software applications, relate practical issues to examination studies, demonstrate an awareness of regulatory requirements.ConsiderationCommunicationDecision makingProblem solvingTeam workingTechnical competence
17 Ethics and professional scepticism Ethics is more than just knowing the rules about confidentiality, integrity, objectivity and independence……you’ll learn how to identify an ethical dilemma, understand the implications and behave appropriately.ICAEW Chartered Accountants are trained to be transparent and honest in all business relationships so that their judgment is not compromised through bias, conflict of interest or undue influence. For instance if someone offers you a present as a way of looking favourably at their accounts or in order to pursuade you to continue doing business with them.Professional scepticism is an attitude that includes a questioning mind and being watchful of conditions that may indicate possible error or fraud. So for instance if you can see that there are certain amounts of money leaving a company's accounts and there are no invoices to illustrate where the payments were going – you would investigate what the payments were being made for. Or if one member of staff is receiving more bonus than others on a regular basis, you may choose to investigate the reasons why.Ethics can even come into your daily life – how many people decide to tell the people in a shop they are eating out when actually they are eating in just because it is cheaper? That is an ethical decision because actually you are not paying the tax you should on the food you buy!As a result ethical development is integrated throughout your ACA training to help you identify issues early enough to behave appropriately and recommend suitable controls.
18 3-5 years practical work experience On-the-job training of 450 days puts theory into practice….…and you gain experience in one, or more, of the following:AccountingAudit and assuranceFinancial managementInformation technologyInsolvencyTaxationPractical work experience (or on-the-job training) allows you to put theory into practice. You’ll need to gain 450 days of work experience as part of your training agreement which takes approximately 3-5 years depending on you and your employers agreement. Your experience could be gained in any one of the following areas:AccountingAudit and AssuranceFinancial ManagementInformation TechnologyInsolvencyTaxation
19 15 accountancy, finance and business modules Case StudyADVANCEDLEVELCorporate ReportingStrategic Business ManagementBusiness Planning: TaxationBusiness StrategyPROFESSIONALLEVELAudit and AssuranceFinancial Accounting and ReportingFinancial ManagementTax ComplianceBackground information – Please summarise as appropriate15 accountancy, finance and business modulesYou will gain in-depth knowledge across a broad range of topics in accountancy, finance and business. The ACA qualification does not have optional modules, you cover all 15, which gives you greater flexibility and variety in your career. This is also highly valued by employers around the world. There are three levels – certificate, professional and advanced – however modules may be taken in any order (except the Case Study which must be attempted last).CERTIFICATE LEVELThere are six modules introducing you to the fundamentals of accountancy, finance and business. They each have 1.5 hour e-assessments which can be sat at any time.Most individuals complete the first six modules within the first year of their training agreement. However you can take some Certificate Level exams before you start a training agreement, either through our Certificate in Finance Accounting and Business (CFAB) or credit for prior learning. If you have studied accounting, finance or business at degree level or through another professional qualification, you may be eligible for credit.PROFESSIONAL LEVELThe next six modules build on the fundamentals you have already learnt, and tests your understanding and ability to apply technical knowledge to real life scenarios. Each module has a hour exam, which are examined four times per year.These modules are flexible and can be taken in any order to fit with your practical experience. The Business Planning: Taxation and Business Strategy modules help your progression to the Advanced Level.ADVANCED LEVELThe Corporate Reporting and Strategic Business Management modules test your understanding and strategic decision making at a senior level. They present real life scenarios, with increased complexity and implications from the Professional Level modules.The Case Study tests all your knowledge, skills and experience gained so far. It presents a complex business issue which challenges your ability to problem solve, identify the ethical implications and provide an effective solution. The Case Study is fully open book, so it replicates a real life scenario where you have all the resources at your fingertips.How the modules interlink – This is background information and is only provided for further understanding.Accounting – Financial Accounting and Reporting and the 3 advanced level papers all ensure you have the ability to undertake financial reportingAudit – Audit and Assurance and the three advanced stage modules assess audit and assurance abilities.Tax – Principles of Tax – Tax Compliance – Business Planning: Taxation and 3 advanced level papers. UK tax is concentrated in the certificate and professional level, the Advanced level will include Tax but it won’t necessarily be UK tax as ICAEW Chartered Accountants will need to be able to understand tax of any jurisstiction.Business – B&F, law, MI, Business Strategy, Financial Management, Strategic business management and Case Study.AccountingAssuranceBusiness and FinanceLawManagement InformationPrinciples of TaxationCERTIFICATELEVEL
20 Did you know? You can do the ACA after A-levels You don’t need a degreeYou can qualify by the age of 21There is more than one route to the ACAYou can study any A-levels you wantYou do not need a degreeYou can do the ACA after A-levels41% of our trainees are femaleThere is more than one route to the ACAYou can study any A-levels you want38% of our ACA students are femaleHere are some of the most common misconceptions about the accountancy profession.You can qualify by the age of 21You will earn a competitive salary as you train
22 Entry routes to the ACA School leaver Higher Apprenticeship ICAEWs Certificate in Finance Accountancy and BusinessAAT-ACA Fast TrackGraduateStrategic university degree programmeKey slideThere are a range of entry routes to the ACA qualification, the route planner in our brochure and on the website will help you, but the slide summarises the variety of entry routes available.If you are not using the following detailed slides the below summarises the routes:School Leaver - There are an increasing number of organisations which offer ACA training opportunities straight after completing your A-levels. Your training agreement may last over a longer period to ensure you gain the relevant practical work experience you need.Higher Apprenticeship - The new Higher Apprenticeship in Assurance/Audit will help you to develop technical skills to enable you to understand the accounting and technical theory as well as putting these skills into practice while working for your employer during the programme. It gives you an excellent grounding in Professional Services and is an ideal steppingstone to the ACA.AAT - If you don’t want to go to university, you can choose to do the AAT qualification which can lead to the ACA. We work with the Association of Accounting Technicians (AAT) to provide the opportunity to qualify as a chartered accountant in as little as four years. You can study for the AAT Accounting qualification after your GCSEs or A-levels as a full-time course at college or while you’re in employment. If you are working for one of our authorised training employers, we can also count some of your work experience towards the ACA.CFAB – CFAB is a great way to start your journey to the ACA qualification. It covers six of the professional stage modules of the ACA, and will give you all the essential business knowledge you need. There is no minimum age or entry requirement either, so no matter what grades you have you can start CFAB straight away.University - Most employers accept applications from any degree discipline, so you don’t have to do a business or accountancy related degree. They generally look for graduates who have high marks in their degree, so choose a subject you enjoy and will do well at. Training for the ACA as a graduate will usually take three years. However, if you are looking to do a business, finance or accountancy related degree we do have a number of partnerships with employers and universities that will help you kick-start your journey to becoming an ICAEW Chartered Accountant.For more information on any of these entry routes visit icaew.com/careers and visit our entry routes pages.
23 Do you want to go straight from school? There are an increasing number of organisations which offer ACA training opportunities straight after completing your A-levels. Typically training agreements last between 4-5 years which is slighty longer than graduate schemes but it ensures you have time to gain the relevant practical experience and knowledge you need.BUSINESS WITH CONFIDENCEicaew.com/careers
24 School leaver programmes Ernst and YoungBDODeloittePwCKPMGand many more……Via Higher Apprenticeship or AATSome of the school leaver programmes that have been launched recently are named here. Training opportunities are listed on the training vacancies website which but a summary of some of the larger organisations are listed on the slide.
25 Higher Apprenticeship in Assurance/Audit Developed in consultation with employersCombination of on and off the job learningDevelop technical skills, business skills and wider competenciesCounts as an entry route to the ACAEarn while you learnThe Higher Apprenticeship in Assurance/Audit is open to anyone who is 18 years old and above; whether you’re just leaving school, have been working for years, or are seeking to start a new career. You just need to be living in England and not taking part in full-time education.You will develop technical skills to enable you to understand the accounting and technical theory as well as putting these skills into practice while working for your employer during the programme. This combination of work experience and technical knowledge will mean by the end of the programme you will have the knowledge and skills you need for a successful career in the professional services sector. This option is closely aligned with ICAEW’s Certificate in Finance and Business qualification (CFAB), which means you also achieve a professional award as part of your apprenticeship.Securing an Apprenticeship place with an employer is a competitive process, so you will need to show that you’re committed and aware of your responsibilities to both yourself and the company who would employ you. You’ll need to be happy to work as part of a team and individually, and be able to use your own initiative.
26 Do you want to do the AAT?If you don’t want to go to university, you can choose to do the AAT qualification which can lead to the ACA.BUSINESS WITH CONFIDENCEicaew.com/careers
27 About the AAT-ACA Fast Track Developed in partnership with the AATAAT can be taken as an accountancy apprenticeshipKnowledge, skills or experience gained can count towards your ACA training agreementAn integrated approachCan take as little as four years!We work with the Association of Accounting Technicians (AAT) to provide the opportunity for students who choose to study for the AAT to progress and qualify as an ICAEW Chartered Accountant in as little as four years.You can study for the AAT Accounting qualification after your GCSEs or A-levels as a full-time course at college or while you’re in employment. The ACA will build on the knowledge you gain during the AAT and if you are working for one of our authorised training employers during the final stages, we can also count some of your work experience towards the ACA.
28 How does the AAT-ACA Fast Track work? Working for an ICAEW authorised training employer during the AAT Technician stageNot working for an ICAEW authorised training employer during the AAT Technician stageAATDiploma Level 3AATDiploma Level 4ACA Professional LevelACA Advanced LevelFinal year of training agreementPractical work experience year onePractical work experience year twoPractical work experience year threeCLICK TO START SLIDE - THIS SLIDE IS ANIMATED AND DOES NOT REQUIRE CLICKS UNTIL READY TO MOVE ONIf you are working for an ICAEW authorised employer this is how the Fast Track works.Year one – Diploma Level 3 of the AAT. Look here at the modules chosen if want to go on to the ACA so that you can minimise the number of ACA exams you have to sit (Credits explained in the next few slides)Year Two –While completing your AAT Level 4 Diploma this years work experience can count towards the 450 days of work experience required for the ACA – you can register to be an ACA student at this stage.Year 3 – is the first year of the ACA exams, and is year 2 of work experienceYear 4 – final year of the ACA for both exams and work experience, all students will sit these exam as these are no credits for this level.This means you may be able to qualify in as little as 4 years!If you are NOT working for an ICAEW authorised employer during your TECHNICAIN STAGE - this is how the Fast Track works. ClickYou will not be able to count any work experience until you enter into an agreement with an authorised training employer. This means the process may take an additional year.NEXT SLIDE28
29 ACA exam structure Case Study ADVANCED LEVEL Corporate Reporting Strategic Business ManagementBusiness Planning: TaxationBusiness StrategyPROFESSIONALLEVELAudit and AssuranceFinancial Accounting and ReportingFinancial ManagementTax ComplianceIf you decide to train for the ACA after doing your AAT Accounting Qualification, you will be able to claim credit for prior learning, or exemptions, which is available for some of the ACA Certificate Level modules.Credit available for completion of the Level 4 Diploma in Accounting - MANAGEMENT INFORMATION, ACCOUNTING and BUSINESS AND FINANCE.Credit available for completion of External Auditing at Level 4 Diploma in Accounting – ASSURANCECredit available for completion of both Personal and Business Tax at Level 4 Diploma of Accounting - PRINCIPLES OF TAXATIONAccountingAssuranceBusiness and FinanceLawManagement InformationPrinciples of TaxationCERTIFICATELEVEL
30 Do you want to go to university? If you do decide to go to university there are a few things you will need to know…Most employers accept applications from any degree discipline, so you don’t have to do a business or accountancy related degree. They generally look for graduates who have high marks in their degree, so choose a subject you enjoy and will do well at. Training for the ACA as a graduate will usually take three years. However, if you are looking to do a business, finance or accountancy related degree there are some things for you to consider.Credit for prior learning – we work closely with universities around the world to see which areas of the ACA are already covered in a particular degree. So, if you’re considering a business, finance, accountancy or law degree you may be able to apply for credits for up to eight ACA exams. Visit icaew.com/cpl to see if your chosen degree is listed and the credits that may be available to you.University partnerships – we also have partnerships with some universities for some of their degrees. You could have up to a year’s experience to count towards your ACA training agreement and a number of credits towards the ACA qualification. Details of all of these schemes can be found at icaew.com/partnerships.BUSINESS WITH CONFIDENCEicaew.com/careers
31 What degree do you need?Most employers accept graduates with any degree to train as an ICAEW Chartered Accountant, although some employers may have a preference. What they look for is genuine enthusiasm for the topic you’ve studied (often demonstrated by a high mark) and skills that will give you the leading edge in the workplace, such as being a goodteam player and having excellent communication skills.ICAEW Chartered Accountants come from a diverse range of backgrounds and are not just accounting graduates. Our 2011 students took degrees in:
32 So let’s recap…… a successful and rewarding career the qualification for those with ambitionan integrated approacha range of entry routesSo let’s just recap on the ACA qualification and the available entry routes before we continue:Becoming an ICAEW Chartered Accountant can offer a highly rewarding career full of opportunitiesThe ACA is a qualification for those with ambition - It will give you the Knowledge, Skills and Experience to perform at the highest levels – whatever your ambitions.There are a range of entry routes enabling you to shape your career in a way that suits you.
33 What else do you need to know? Employers need to see that you are committed to your career. Demonstrate on your CV and in interviews the following:Development of employability skills (list example skills)– through extra curricular activities, i.e. Duke of Edinburgh, Young Enterprise, BASE (ICAEW’s national business game competition) and part time / voluntary work.33
34 What do employers want from your application? The right qualifications relevant to the roleDon’t copy and pasteDo your researchCheck your spellingUse formal language and grammarUse real-life examplesAttach a relevant and short CVWhat employers want from applicationsMake sure you qualifications match those requiredDon’t copy and pasteDo your researchCheck your spellingUse formal language and grammarUse real-life examplesKeep your CV short and relevantSpend 2 hours per application form- quality not quantityHighlight your other interests, i.e. societies, sports etcQuality not quantityInclude external interests34
35 1 2 3 4 Next steps… Choose how you are going to get there… Find an authorised training employer…3Complete your training for the ACA qualification…4Become an ICAEW Chartered Accountant…Key Slide1. Choose how you are going to train…• University• CFAB• AAT-ACA Fast Track• Straight from schoolHigher Apprenticeship in Assurance/audit2 Find an authorised training employer (ATE)Any organisation can train you to become a chartered accountant. You can train and work in practice (a firm of chartered accountants), industry, financial services, not-for-profit and the public sector. - DEDICATED WEBSITE TO HELP YOU. CLICK ON TV LINK.WHAT EMPLOYERS ARE LOOKING FORYou should expect to undergo a rigorous recruitment process – it’s all part of ensuring ACA students meet the highest standards.Employers will be considering your academic abilities, willingness to learn, commitment and motivation. They will also be looking for softer skills such as team working, oral and written communication, problem-solving and commercial awareness.You will probably already have some experience of these through your existing work experience, or through non-academic or voluntary work. As well as a CV, it’s worth preparing examples for interviews and applications, showing how your skills and experience match employers’ needs.3 Complete your training for the ACA qualification• Professional development• Ethics and professional scepticism• 3-5 years practical work experience• 15 accountancy, finance and business modules4 Become a chartered accountantOnce you have completed your training agreement, passed your exams and met the technical work experience requirements, you can become a member of ICAEW and use the letters ACA after your name.
36 Find out more… ACAdemy@icaew.com KEY SLIDE Pick up a brochure or go visit our website icaew.com/careers for more information. You may also like to subscribe to our e-newsletter which is sent out bi-monthly.
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