The Institute of Chartered Accountants in England and Wales (ICAEW)

In collaboration with the IB Career-related Programme (CP), the Institute of Chartered Accountants in England and Wales (ICAEW) offers CP students aged 16-19 in selected locations a new and structured route into the finance, accounting and business.

CP schools interested in this collaboration can select ICAEW CFAB (Certificate in Finance, Accounting and Business) to fulfill their career-related studies requirements.

Completion of the IB Career-related Programme Certificate and the ICAEW CFAB, will give students the option to continue onto higher education or pathways into industry by achieving their ACA qualification (after successful completion of 9 additional exams after secondary school).

ICAEW CFAB encompasses: CP students complete six career-related modules of study, in any order: Business and Finance, Management Information, Law, Assurance, Principles of Tax and Accounting. See the full overview.

Available in: Singapore, Malaysia, Indonesia, Myanmar, China, Hong Kong, Dubai and Africa, and other countries internationally.

Career pathway: Finance/Accounting/Business

Duration: within the two-year timeline of the CP (the last two years of secondary school, credit for prior learning may apply).

In addition to ICAEW’s requirements and the CP core, students complete the six ICAEW courses:

Module 1: Business and Finance

Business objectives and functions

Business and organisational structures

The role of finance

The role of the accountancy profession

Governance, sustainability, corporate responsibility and ethics

External environment

Module 2: Law

The impact of civil law on business and professional services

Company and insolvency law

The impact of criminal law on business and professional services

The impact of law in the professional context

Module 3: Management Information

Costing and pricing

Budgeting and forecasting

Performance management

Management decision making

Module 4: Assurance

The concept, process and need for assurance

Internal controls

Gathering evidence on an assurance engagement

Professional ethics

Module 5: Accounting

Maintaining financial records

Adjustments to accounting records and financial statements

Preparing financial statements

Module 6: Principles of Taxation

Objectives and types of tax

Ethics and administration

Income tax and national insurance contributions

Capital gains tax and corporation tax on chargeable gains

 

There are no entry requirements for the ICAEW CFAB, however, students must be able to sit exams offered at an ICAEW approved test centre. ICAEW exams are computer-based and can be done in any order at any time of the year. Schools are invited to become an approved test centre through ICAEW.

To find out more about the ICAEW/CP career-related studies package, please contact ibapdevelopment@ibo.org.