Information on the work experience requirements that must be met to be eligible to become an ICAEW Business and Finance Professional.
To become an ICAEW Business and Finance Professional you must demonstrate that you have 12 months' full-time (35 hours per week) work experience in a business and finance role, or the pro-rata equivalent if you have been working part-time. You must have gained this work experience during the three years prior to your application.
During this period of work experience you will need to have acquired the following skills:
If you're on our Level 4 Accounting Technician Apprenticeship this will automatically count towards your 12 months of work experience.
Your work experience must be validated by someone who works for the same organisation and who is a member of a professional body that is a full member of the International Federation of Accountants (IFAC). To find out which of your colleagues is eligible you can either ask your employer or visit the IFAC website where you can find a list of its member bodies. Please note members of bodies that are associate members of IFAC are not eligible to provide this validation.
When you’re ready to apply for your BFP designation they will need to sign your application form to confirm that you have completed the required length of work experience in a role they consider to be of a business and finance nature, and that you have demonstrated all of the required skills.
If you do not have the required work experience, you can still start studying for the ICAEW CFAB and the Ethics Learning Programme now, and complete the work experience requirement once you’re working in a suitable role.
If you have any questions about applying for the ICAEW Business and Finance Professional designation please get in touch: