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The ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB) is an internationally recognised certificate that teaches the essentials of accountancy and provides the practical finance and business skills needed in today’s competitive business world.  

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Explore the benefits of ICAEW CFAB


Credibility with clients and colleagues

Give your employees the tools they need to offer credible advice to colleagues and clients.


Finance for non-finance teams

Develop a team that understands budgets, business functions and performance measurements.


A stepping stone to chartered accountancy

Decide whether chartered accountancy is right for you and your employees.

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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.


  Current From 1 July 2024 From 1 Jan 2025
Student fee £197.00 + VAT
 £197.00 + VAT  £206.00 + VAT
Exam entry £80.00  £85.00  £90.00
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.

  • 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.

  • Management Information

    Enables students to prepare essential financial information for the management of a business.

  • Business, Technology and Finance

    Provides students with an understanding of how businesses operate and how finance functions help businesses to achieve their objectives.

  • 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.

  • 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.

  • Law

    Provides students with an understanding of the principles of English law.

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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.

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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.

Discover the ACA

Interested in offering ICAEW CFAB?

Want more information on ICAEW CFAB? Register your interest and a member of our team will be in touch to discuss your needs.

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