advancing your career as a chartered...

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


© 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.


© 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.


© 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.


© 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


© ICAEW 2013

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.


© ICAEW 2013

Why become an ICAEW

chartered accountant ?


© ICAEW 2013

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


© 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

1

2

3

4

5


© 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.


© 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


© 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


© 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


© 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)


© 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

http://www.icaew.com/en/qualifications-and-programmes/aca/train-aca-students/the-benefits-of-aca








© 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


© 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


© ICAEW 2013

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


© ICAEW 2013

3-5 years practical work experience

ACA TRAINING AGREEMENT

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tellus tristique id.

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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.


© 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


A world leader

of the accountancy

and finance profession

advancing your career as a chartered...

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