The ICAEW CFAB: Beyond Just A Professional Qualification

icaew cfab kevin and vera feature image

Many organisations around the world today acknowledge professional chartered accountants as highly competent individuals who are dedicated to continuous professional development. This is because gaining a professional qualification requires not only considerable effort and discipline, but also lifelong dedication and perseverance.

The ICAEW Certificate in Finance, Accounting, and Business (ICAEW CFAB), a globally recognised qualification, prepares and equips undergraduates with practical skills and relevant knowledge sought by top employers to give them a competitive edge in Indonesia and across the region. It is also the first step towards obtaining the prestigous ICAEW ACA to become a fully qualified chartered accountant.

We recently spoke to two ICAEW CFAB holders from Indonesia, who shared their perspectives on the value of obtaining the CFAB qualification and how it has helped them to build a sucessful career with Indonesia’s top accountancy firms.

Kevin from KPMG Indonesia shares why he chose the ICAEW CFAB over others and how it enhanced his professional portfolio

icaew cfab kevin portrait1. What inspired you to pursue the ICAEW CFAB programme, even though you are already pursuing your undergraduate studies in accounting?

Ultimately, I believe it was my competitiveness that inspired me to pursue this prestigious programme to differentiate myself from other accounting graduates. In my opinion, simply being a university graduate today will no longer give you the competitive advantage as compared to my parents’ era.

Therefore, it is important for university graduates to be proactive to obtain beyond just your degree in order to stand out from your peers. An example would be to pursue a relevant professional qualification that will add value to your portfolio and credentials and it is recognised by top employers in Indonesia. In my case it was the ICAEW CFAB.

 

2. How has ICAEW been supporting you in your CFAB journey? What type of resources or help did you receive from the ICAEW Indonesi team?

The ICAEW Indonesia team was incredibly resourceful and basically prepared everything that was necessary throughout my CFAB journey. From the day that I signed up as a student, I received a wide range of support from the ICAEW local office on an ongoing basis, which included administrative support, quality reading materials, and world-class learning resources to effectively prepare for both my mock tests and final exams.

 

3. What are your future career goals and how do you believe the CFAB will enhance your career prospects?

Currently, my career goal is to become a certified professional within my field and area of work in Assurance. This would require me to equip myself with the relevant technical knowledge and soft skills, which I believe I have had the opportunity to develop during the CFAB programme. Due to the international recognition and prestige of ICAEW, I believe that my CFAB journey has also enhanced my professional portfolio and confidence as I transit from being a university graduate to a young professional within the industry in Indonesia.

 

Vera Waty from PwC Indonesia shares insights on what practical skills she gained from her CFAB studies

icaew cfab vera portrait1. What practical learning skills did you gain during your CFAB programme that you were not exposed to in your university studies?

When I was studying in Tarumanegara University, our accounting studies are mostly based on the Indonesian Financial Accounting Standards (IFAS). However, the ICAEW CFAB proramme introduces us to business, finance, and accounting knowledge that are based on the International Financial Accounting Standards (IFRS) instead.

This means that the modules within the CFAB can help students in Indonesia broaden their horizon and knowledge in accounting principles used in international businesses across the globe. As I am now working at PwC Indonesia, a global company dealing with international clients, my CFAB journey has definitely proven to be useful because I can directly apply what I learned from the programme into my projects. It has given me an edge over some of my peers that do not possess a professional qualification.

 

2. What would you describe as being the most challenging aspect of taking the ICAEW CFAB, and how did you overcome those challenges?

While studying for my university degree and concurrently pursuing the ICAEW CFAB, the most challenging aspect would be time management. It was important that I arrange my schedule properly, so that I can effectively balance my time between university studies and my CFAB exam preparations. Additionally, I had to spend some time to familiarise myself with the accounting terms and question formats within the CFAB progamme as they differ from what we are familiar with in university.

Ultimately, I managed to overcome those challenges by being determined and discipline to consistently allocate 1 to 2 hours per day to study and prepare for the CFAB exams. I also found it helpful that all the ICAEW learning resources were very detailed and structured in a way that could facilitate my learning process well.

 

3. In a sentence, what would you say will be the greatest benefit of having the ICAEW CFAB qualification?

“A step towards the global accounting world.”

 

Ready to Empower Your Career with a Globally Recognised Professional Qualification? Learn More about the ICAEW CFAB!

If you’re considering kick-starting an exciting career journey with the ICAEW CFAB to realise your professional career aspirations like Kevin and Vera, contact ICAEW Indonesia via:

It’s worth noting that you don’t actually need an accounting or finance background to pursue the ICAEW CFAB.

 

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

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