A new ICAEW designation, BFP recognises professionals who have gained the essential knowledge, skills and experience necessary for a successful career in business and finance. Those with BFP status demonstrate their commitment to professionalism and ongoing development, as well as their commitment to high ethical and technical standards.
ICAEW Business and Finance Professional (BFP) is an internationally recognised professional designation from one of the world's leading membership organisations.
With the BFP status, professionals demonstrate that they have a solid understanding of how businesses operate and that they meet the ICAEW standards relating to technical knowledge, business skills and ethics.
Similar to our members, ICAEW Business and Finance Professionals need to demonstrate their commitment to their professional development. In order to do so, they have access to a variety of exciting resources and benefits.
Whether you're new to ICAEW or have completed one of our qualifications, you can start your journey towards becoming a BFP at any point. You can be any of the following:
You can find out what your first step is on our applications page.
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/or finance role.|
If you're on one of our apprenticeship programmes, your work experience could count towards the BFP requirement, provided that it is properly signed off as per BFP regulations. You will only need to get 12 months’ worth of work experience recognised to be eligible to apply towards the designation. Please check the applications page for more information.
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 the annual subscription fee is £125.
However, if you're earning less than £28,028 p.a, you are eligible for our concession rate, and your subscription fee would then be £50.
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. Here is an overview of what is included:
You will have the right to use the BFP designatory letters after your name. Using these can help you demonstrate your status as a Business and Finance Professional and the recognition from a membership organisation
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.
If you're an employer or responsible for training and would like to train staff towards the designation or award them with BFP status, we have a dedicated area with more information.