ICAEW CFAB at a glance
ICAEW CFAB can be offered as a stand-alone qualification in business, accounting and finance, or as a stepping stone to chartered accountancy.
Completion of ICAEW CFAB also counts towards ICAEW Business and Finance Professional (BFP) designation.
Entry requirements
There are no age limits or academic requirements in place to study ICAEW CFAB. It is open to all – including school leavers, graduates, experienced professionals and career changers who wish to develop their knowledge of business, accounting and finance.
ICAEW CFAB fees
| Current | From 1 July 2024 | |
| Student fee | £197.00 + VAT |
£197.00 + VAT |
| Exam entry | £80.00 | £85.00 |
| Learning materials | £37.00 - £96.00 | £37.00 - £96.00 |
| Tuition | Varies by provider | |
The exams
ICAEW CFAB consists of the same six exams as the first level (the Certificate Level) of our world-leading chartered accountancy qualification, the ACA. Each exam is 1.5 hours long and has a 55% pass mark.
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Accounting
Ensures students have a sound understanding of the techniques of double entry accounting and can apply its principles in recording transactions, adjusting financial records and preparing non-complex financial statements.
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Management Information
Enables students to prepare essential financial information for the management of a business.
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Business, Technology and Finance
Provides students with an understanding of how businesses operate and how finance functions help businesses to achieve their objectives.
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Assurance
Ensures students understand the assurance process and fundamental principles of ethics, and can contribute to the assessment of internal controls and gathering of evidence on an assurance engagement.
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Principles of Taxation
Enables students to understand the general objectives of taxation and to calculate income tax, national insurance contributions, capital gains tax, corporation tax and VAT in straightforward scenarios.
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Law
Provides students with an understanding of the principles of English law.
Level 4 Accounting Technician Apprenticeship
If you are an organisation based in England, you can access government funding and offer ICAEW CFAB as a Level 4 apprenticeship.
Train the ACA
ICAEW CFAB can be offered as a stepping stone to the ACA. Discover how ACA training works and the benefits it can bring to your business.