This exciting new designation has been developed as a form of recognition for professionals who have gained the essential knowledge, skills and experience necessary for a successful career in business and finance. Those with the BFP designation benefit from ongoing support and advice from ICAEW, a world-leading professional membership organisation, as well as from ongoing personal and professional development.
The BFP designation has been created for individuals wanting to demonstrate to employers their commitment to professionalism in their business or finance career. It is of equal benefit to those starting out on their career as it is to those already working in a business, management or finance role. The BFP designation also offers improved employability prospects, as well as access to a range of information, training and services to support ongoing personal and professional development.
There are three key elements to complete before you can apply for your BFP designation:
|ICAEW CFAB||Ethics programme||Work experience|
ICAEW CFAB is a certificate-level qualification from ICAEW. It provides essential knowledge and practical skills in finance, accounting and business.
There are no minimum entry requirements to do the ICAEW CFAB qualification which is your first step to becoming an ICAEW Business and Finance Professional.
|A business ethics module that meets internationally recognised standards for professional accountants.||You must demonstrate that you have 12 months' full-time work experience in a business and finance role.|
If you’re currently doing the ICAEW Level 4 Accounting Technician Apprenticeship you just need to additionally pass the Ethics Learning Programme online assessment and you will then be eligible to apply for the BFP designation once you've completed your Apprenticeship. Check the applications page to find out how to start your journey towards becoming a BFP.
Once you’ve completed all three elements you’re ready to apply to become an ICAEW Business and Finance Professional. We will be accepting applications from 01 November 2017. There’s a one-off registration fee of £25 and an annual subscription of £125 (£50 concession rate available, if you’re earning less than £27,456).
In addition to the prestige associated with the BFP designation, ICAEW Business and Finance Professionals will also have access to a wide range of resources to support them in their personal and professional development, including:
Online and interactive resources from the Chartered Management Institute on management and personal development theory, examples and best practice, designed to help application of the very best management practices. This helps you add real value to your organisation on a day-to-day basis.
An A-Z of reference materials covering a wide range of finance, accounting and business topics, including the elements you'll have covered in your CFAB exams.
A suite of online Excel training modules, a personalised training plan, model spreadsheets and video tutorials helping you to minimise spreadsheet risk and increase competency in this essential business tool. Through the online community and the weekly blogs you'll be learning from recognised experts who use, train and consult on Excel.
Tailored technical content and ICAEW thought leadership and opinion on the latest technical and business issues affecting the profession. Choose the specialism that’s most relevant to your current job or chosen future career:
One-to-one, free and confidential help from ICAEW’s technical advisory and ethics helplines, as well as support from ICAEW’s library research team.
Business, finance and accountancy news and analysis from economia.
A range of discounts and offers from high street and online retailers.
BFP holders can also use the designatory letters ‘BFP’ after their name to demonstrate that they are not only ethically aware and technically competent, but also committed to ongoing skills and knowledge development.