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Become an ICAEW Business and Finance Professional

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.

Why you should get the BFP designation:

  • Professional recognition and ongoing support and advice from a world leading professional membership organisation.
  • Enhances your employability by demonstrating your commitment to ongoing professional development.
  • Demonstrates compliance with an internationally recognised Code of Ethics.
  • Specialist management and personal development content.
  • Tailored online training programmes in Microsoft Excel.
  • Latest accountancy business and economic news at your fingertips.

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. 

What are the BFP requirements?

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 for more information.

How do I apply for my BFP designation?

Once you’ve completed all three elements you’re ready to apply to become an ICAEW Business and Finance Professional. 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).

BFP designation holders need to agree to abide by the relevant regulations which include adhering to ICAEW’s Code of Ethics and making an annual CPD declaration.

If you are an employer or responsible for the training in your organisation, you can also offer BFP to your staff.

What’s included in the annual subscription?

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:

Management and personal development

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. 

Business and finance refresher

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.

Excel

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. 

Your chosen technical specialism

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:

  • Assurance and Risk
  • Corporate Finance and Deals
  • Tax

Helplines

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.

Newsletters

Business, finance and accountancy news and analysis from economia.

Lifestyle discounts and offers

A range of discounts and offers from high street and online retailers.