ICAEW

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The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports over 144,000 chartered accountants worldwide.

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Pathway
The ACA qualification is an advanced learning and professional development programme created by ICAEW. The programme has components integrated to allow you to understand accountancy, finance and business. All these components help build technical knowledge, professional skills and practical experience needed to become an ICAEW Chartered Accountant.ICAEW Chartered Accountants are known for their professionalism and expertise. Professional development prepares you to successfully handle a variety of different situations that you’ll encounter throughout your career.ACA qualification improves your ability and performance in 7 key areas:

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Subject Focus
Students, who are aged 18 years and above and interested to take up ACA training, do not need a background in accountancy or finance. However, it would help if you are competent with numbers and confident in your ability to analyse, discuss, argue and present a case.aca4

All students must be able to demonstrate English language ability prior to being admitted into the programme. English language proficiency may be demonstrated by any one of the following:

  • Evidence that English is the language of instruction in secondary or tertiary studies completed; or
  • Other English language proficiency requirements such as:
  • IELTS (academic) minimum 6.5 and at least 6.0 for each individual band
  • TOEFL (paper based) minimum 600 and TWE (Test of Written English) 6
Personality Type
These personality type codes serve ONLY as a guideline and can be taken with a pinch of salt. Always consult with your school counselor or ask our experts for further guidance!Myers-Briggs:

ESTJ (Extroverted, Sensing, Thinking, Judging)

When one is dealing with numbers, one must think 5 steps ahead to ensure a profitable beginning and end.

Find your Myers-Briggs personality type here.

Holland Vocational Code:

CE (Conventional, Enterprising)

Numbers are black and white, but does not mean you must be. You are just following a standard set of rules.

Find where you belong in the RIASEC model here.

Career Info
ICAEW’s charted accountancy qualification, the ACA, is a world leading professional qualification that is recognised at the highest levels of accountancy, finance and business.ICAEW Chartered Accountants are always in demand. Boost your career potential with the opportunity for early responsibility,career progression and earning potential as a chartered accounctant.
Salary
Salaries for newly qualified ICAEW Chartered Accountants are on a par with careers in law and banking.Entry Level: RM 2,000 to RM 3,500
Professional: RM 4,500 to RM 6,500
Becoming Professional
The ACA comprises three stages – the Professional Stage, Advanced Stage and the Certificate Level

  • The Professional Stage consists of knowledge modules which introduce you to the core concepts underpinning accountancy, and the application modules where you can demonstrate how you can develop and apply technical knowledge and skills.
  • The Advanced Stage is where the ACA demonstrates its world-leading quality. The Corporate Reporting and Strategic Business Management modules test your understanding and strategic decision making at a senior level. They present real-life scenarios, with increased complexity and wider implications from the Professional Level modules. The Case Study presents a complex business issue which challenges your ability to problem solve, identify ethical implications and provide effective solutions. The Case Study tests through contextualisation the knowledge, skills and experience you have gained to date.
  • Certificate Level: These six modules will introduce the fundamentals of accountancy, finance and business

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The modules can be taken in any order with the exception of the Case Study which has to be attempted last. You must pass every exam (or receive credit for prior learning) – there are no options. This ensures that once qualified, all ICAEW Chartered Accountants have a consistent level of knowledge, skills and experience.

To achieve the ACA, practical work experience, or on-the-job training is needed. Students will be placed under a training contract with an Authorised Training Employer (ATE). You need to complete 450 days of training, which normally takes between 3 to 5 years, pass the ICAEW exams and complete your professional development competencies.

Who is qualified and where can I study ACA professional development?

Programme is offered at Sunway College and UNITAR currently.

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For more information about ACA professional development, visit www.icaew.com

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