Everything You Need to Know About Pursuing the ICAEW CFAB in Indonesia

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Accountancy is an exciting profession that is in high demand by leading organisations. Qualified accountants are problem solvers, they help to steer businesses towards growth and success while ensuring businesses are run ethically at all time. One of the world’s leading professional accountancy institutes that develops, trains and supports over 182,000 members and students worldwide is the Institute of Chartered Accountants in England and Wales (ICAEW), and they are located across 149 countries. 78 out of the top 100 companies ranked by the Financial Times Stock Exchange have at least one board member who is ICAEW Chartered Accountant.

The ICAEW offers professional chartered accountancy qualification, the ICAEW ACA. This 15 modules qualification is divided into 3 levels i.e. certificate, professional to advanced levels. The Certificate in Finance, Accounting and Business (ICAEW CFAB) is the foundation level of the prestigious ACA qualification for those keen to learn about how to set up and run a business, and also lets you understand the key elements that will help you succeed in the business world. Read on to find out how pursuing the CFAB will enhance your future career in business, finance and accountancy fields in Indonesia.

What is the CFAB?

Since its launch, over 8,000 professionals worldwide have signed up for the ICAEW CFAB and used it to empower their careers. Respected by employers across the globe, the CFAB is an internationally recognised certificate that equips you with wide range of practical knowledge and skills that are highly valued by employers.

There is a total of six modules in the CFAB level which will enable you to learn the fundamental on subject matters around business, technology and finance, management information, law, principles of tax; assurance and also accounting. A certificate is awarded when you pass each module as a validation of the new skills you have acquired as you progress.

 

Why pursue the CFAB?

By studying the CFAB you will be able to demonstrate to employers that you have understanding of the wider business issues; you help in finance related tasks; understand key decisions that businesses and management teams make on a daily basis and appreciate the main factors linked to business success or failure. You are also developing skills to help start a business or run a business with efficacy.

Once you have completed the ICAEW CFAB, you can continue your journey towards an exciting and rewarding career in chartered accountancy or any are of business.  Chartered accountants can work anywhere across the globe and those who have the ICAEW ACA qualification are among some of the most respected professionals in the world.

Many of the largest corporations and leading accountancy firms in the world are led and managed by chartered accountants who are highly respected individuals who help create jobs, develop new companies, and contribute to creating strong economies. That is why 98% of the best global brands employ ICAEW Chartered Accountants.

 

What support will I receive while pursuing the CFAB?

ICAEW CFAB students are given exclusive access to a wide range of online resources, soft skill trainings and study materials during their study journey and also personal and professional development. This covers from useful exam resources to essential skills that equips graduates to be career ready. Most importantly as part of a global student community you can tap onto this community to gain study support, expand your network and experiences.

Each year, the online resources gets updated alongside the learning materials which is based on actual business trends and scenarios taken from research and feedback from leading employers globally.

Some of the ICAEW CFAB students who show potential through their exam results also gets talent spotted by ICAEW authorised training employers who are leading employers in Indonesia for internship or job placement opportunities. These opportunities helped enhance their skills and let them gain experiences in real business environment which is advantageous towards future employment. It also further endorse the recognition and acceptance of the CFAB qualification by employers locally.

 

Who should take the CFAB?

In Indonesia, university graduates from any discipline as well as young executives below 25 years old in any industry who wish to upgrade their skills and knowledge are eligible to study for the CFAB. Depending on your preference, you may choose a study methods from formal classroom setting to study online, or self-study that’s suits your busy schedule or study needs.

Given that many Indonesian CFAB students study for the qualification while pursuing their university degree programmes, the flexible mode of studying of the CFAB is advantages as it enables students to chart their own learning schedule more efficiently. While most students obtain the ICAEW CFAB between six-month to two years, there is no specific deadline so you can study at your own pace and complete the modules at your own time.

 

Keen to learn more about how you can begin the CFAB journey?

If you’re considering a career in business, finance or accountancy find out how the ICAEW CFAB can fast-track your career aspirations, contact ICAEW Indonesia via:

It’s worth noting that you don’t actually need an accounting background in your university studies to pursue the ICAEW CFAB.

 

Related: From Singapore to America: Young Chartered Accountant Shares His Fascinating Career Journey on the Global Stage

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