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ICAEW UK launches new qualification

ICAEW launches Certificate in Finance Accounting and Business Qualification

The Institute of Chartered Accountants in England and Wales (ICAEW) today launched a new stand alone business qualification, the Certificate in Finance Accounting and Business, intended to widen access to the profession both in the UK and internationally.

The Certificate in Finance Accounting and Business (CFAB) is aimed at aspiring finance professionals looking to undertake a rigorous, industry benchmarked qualification, as well as providing a staging post for those considering the full ACA.

Market research undertaken by the Institute identified that many already in business want to increase their career prospects with a grounding in finance and accounting.

CFAB is also aimed at those with the potential but not necessarily the academic or vocational experience to take ACA in its own right.

The qualification comprises six modules from the ACA professional stage – business and finance, management information, law, assurance and tax – with accounting at the core of the syllabus.

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ICAEW launches F-TEN

Are your future business leaders ready for the boardroom challenge? Will they take on that challenge within your organisation?

The ICAEW is launching its first peer to peer leadership network, the Financial Talent Executive Network (F-TEN). F-TEN is aimed at the next generation of finance leaders in business and practice helping employers to retain its best talent and to prepare them for the challenges faced at board-level.

Research carried out by McKinsey called “Starting up as CFO” in March 2008, shows a significant gap in expectation between the chief executive and a new arrival on the board. F-TEN aims to close this gap by exposing the future c-suite talent to board-room issues and encourage them to explore these challenges in a peer environment outside their immediate organisation.

F-TEN which is part of the new ICAEW Leadership Zone, will help potential future leaders transition from finance specialists to business leaders by bringing together high calibre professionals from across the FTSE 250, unlisted equivalent companies and top10 practices. They will participate in a programme based on a series of linked round-tables, workshops, peer learning groups and mentoring with senior non-executive directors from a FTSE company.

The 2008 ICAEW career benchmarking survey with Robert Half International shows that 30% of employers are not meeting the expectation of their employees. Over half surveyed do not have clear career objectives and professional development plans and 33% plan to move within the next 12-24 months. Destabilising facts for employers.

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Santosh Puthran

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