advancing your career as a chartered...
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BUSINESS WITH CONFIDENCE icaew.com
Kim Lee
Business Development Manager, South East Asia
November 2013
Advancing your Career as a
Chartered Accountant Creating leaders in accountancy, finance and business
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2012
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2012
ICAEW A world leader of the accountancy and finance profession, with more than 138,000
members in over 160 countries. Our members work at the highest levels of
business, across all industry sectors around the world.
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2012
Who are the ICAEW
• A professional membership organisation,
established in 1880
• 140,000 ICAEW members around the
world
• Access, Influence, Members,Standards
• >20,000 students studying for the ACA
around the world
• 78% of ACA students qualify in three
years or less (compared to around 50%
for several other accountancy
qualifications).
• 84% first time pass rate at the final exam
- significantly higher than most other
accountancy qualifications.
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2012
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2013
What is an ICAEW Chartered Accountant?
ICAEW Chartered Accountants are recognised
around the world as leaders in accountancy,
finance and business.
Their qualification, the ACA, is one of the most
advanced learning and professional development
programmes available.
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© ICAEW 2013
81% of UK FTSE 100 company boards include
at least one ICAEW Chartered Accountant
97% of the Best Global Brands employ
ICAEW Chartered Accountants
The facts…
98% of the Best Global Green Brands
employ ICAEW Chartered Accountants
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Working together will win BIG-TIME. With so
much global competition, it really makes sense to
combine strengths.
Tony Fernandes
(CEO, Air Asia)
Did You know?
Tony Fernandes ICAEW member was an
auditor at Virgin Atlantic, and then became
Financial Controller for Richard Branson’s Virgin
Records.
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© ICAEW 2013
Why become an ICAEW
chartered accountant ?
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My ambitions are…?
Where are you
going to be in 5+
years time?
How will you
get here?
Where are you
now?
You, your talent and ICAEW
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© ICAEW 2013
The ACA approach…
Fully integrated components - understand and apply theory to the workplace throughout training
Write our own learning materials - only test the ability to understand and apply what’s in them
Authorised training employers - strict standards which ensure quality, commitment and support
Compulsory modules - broad perspective with in-depth understanding
Open book exams - real life scenarios solved with resources at hand
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BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2013
What is the ACA qualification?
The ACA, the ICAEW chartered accountancy
qualification, 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.
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2013
How does it work?
ACA training provides the knowledge, skills and experience
to become an ICAEW Chartered Accountant.
See The ACA – additional information, later
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© ICAEW 2013
Who’s involved?
STUDENT
• Time
• Intellect
• Energy
• Commitment
EMPLOYER
• Training agreement
• Salary and rewards
• Work experience
• Study time
• Reviews
ICAEW
• Syllabus
• Examinations
• Study support
• Student communities
TUITION PROVIDER
• Tuition
• Revision
• Exam practice
• Support
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2013
15 accountancy, finance and business modules
ADVANCED
LEVEL
Case Study
Corporate Reporting Strategic Business
Management
PROFESSIONAL
LEVEL
Business Planning:
Taxation Business Strategy
Audit and Assurance
Financial
Accounting and
Reporting
Financial
Management Tax Compliance
CERTIFICATE
LEVEL Accounting Assurance
Business
and Finance Law
Management
Information
Principles of
Taxation
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2012
Routes to the ACA
ACA
Advanced Level
Professional Level
Certificate Level
3 –
5 Y
ears
tr
ain
ing
Ag
reem
en
t
Open entry:
Degree, Diploma, Other
Other professional
qualifications e.g.
ACCA, CPA, ICAI
Trainees with exemptions
Other professional
qualifications e.g.
ACCA, CPA
(>5 years full
membership)
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© ICAEW 2012
• Attract and retain the best talent
– Graduate recruitment programme
– Talent management programme
– Training agreement is ‘sticky’ for retention purposes
• Quality benchmarked
• Flexibility
– Tuition options
– Frequent exam sittings
– Location can be anywhere
• You don’t have to offer audit work experience
• Optional early development of bookkeeping skills
www.icaew.com/the-benefits-of-aca
Why ICAEW? Employer’s Perspective
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© ICAEW 2012
• A member body globally recognised as the gold standard
• ACA: a qualification that is internationally portable
• A qualification that you will use throughout your career
• Supplementary qualifications that support entrance to ACA
and continued professional development after ACA
• ACA: a qualification that is independently bench-marked as
Masters level
• Membership to an exclusive professional body as an ICAEW
Chartered Accountant
• Create opportunities for your career – different roles,
different sectors, different countries
Why ICAEW? Employee’s Perspective
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© ICAEW 2013
How much does it cost?
Choice of distance, e-learning, live online or a blend
Several different providers, varying solutions, different costs
Indicatively for tuition support to all modules:
• ACCA/CPA with 12 exemptions cS$6,000
• Trainee with 7 exemptions cS$12,000
• Trainee with no exemptions cS$17,000
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© ICAEW 2012
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2012
The ACA-
additional
information
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© ICAEW 2013
How does it work?
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© ICAEW 2013
Professional development
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Ethics and professional scepticism
• Ethics is at the heart of the ACA qualification
– Knowledge of ICAEW Code of Ethics
– Practical applications of ethical conduct and decision making
– Integration of ethics
• Ethics is covered in
– All 15 accountancy, finance and business modules
– Scenarios dealing with ethical dilemmas
– Online learning programme based on the ICAEW Code of Ethics
• Managed by employers - monitored by ICAEW
• Employers own schemes may be accredited
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© ICAEW 2013
3-5 years practical work experience
ACA TRAINING AGREEMENT
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• Need to complete 450 days
• Part of a training agreement with
one of our 2,850+ authorised training
employers.
• Details the commitment of the
employer, the student, ICAEW and
training provider.
• Six monthly reviews and online
training files to track progress.
BUSINESS WITH CONFIDENCE icaew.com
© ICAEW 2013
15 accountancy, finance and business modules
ADVANCED
LEVEL
Case Study
Corporate Reporting Strategic Business
Management
PROFESSIONAL
LEVEL
Business Planning:
Taxation Business Strategy
Audit and Assurance
Financial
Accounting and
Reporting
Financial
Management Tax Compliance
CERTIFICATE
LEVEL Accounting Assurance
Business
and Finance Law
Management
Information
Principles of
Taxation
BUSINESS WITH CONFIDENCE icaew.com
A world leader
of the accountancy
and finance profession