The Institute of Chartered Accountants in England and Wales (ICAEW)
ICAEW is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants in more than 160 countries. It provide qualifications and professional development, share its knowledge, insight and technical expertise, and protect the quality and integrity of the accountancy and finance profession.
As leaders in accountancy, finance and business, ICAEW members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together they contribute to the success of individuals, organisations, communities and economies around the world.
Members of the ICAEW are entitled to call themselves chartered accountants no matter where they are, and use the letters ACA after their name.
The ICAEW awards the following qualifications, among others, which are recognised around the world:
The Institute of Chartered Accountants in England and Wales (ICAEW) ACA qualification
The ICAEW ACA qualification is a globally recognised qualification and was established by Royal Charter in 1818. There are currently 145,000 members based in 165 different countries. The ACA is recognised as one of the most valuable financially-based business qualification there is, and not just the premier professional accounting qualification.
The qualification is a passport to the business world where ICAEW graduates with relevant approved practical experience can act as Chartered Accountants, both locally and internationally; or may choose to go on to industry and commerce, where opportunities are just as vast; or even join the Public Sector.
Alumni of the ACA have proven to be invaluable business advisors and captains of industries. 67% of FTSE 100 UK companies have at least one ACA on the Board, either as a Chief Executive Officer or as Finance Director.
What is the ACA?
ACA stands for Associate of the Institute of Chartered Accountants in England and Wales. The ACA is regarded globally as one of the leading business and finance qualifications, and is recognised and valued in practice, industry, commerce and the public sector. Seamlessly merging examinations with practical on-the-job training, it fully equips you with all the relevant experience, skills and professional knowledge to make sound decisions in genuine business environments.
Why should I study ICAEW?
On successful completion of the ACA examinations, a training contract with an ICAEW Authorised Training Employer (ATE) and required work experience, students apply to have the three exclusive letters ACA after their names, and a glittering career ahead of them.
The sky is the limit. The ACA qualification is a passport to the business world.
With the ACA qualification, it will:
- Open doors to a wide range of employers from established multinationals to entrepreneurial local organisations.
- Help you to successfully establish your own business.
- Prepare you to lead public sector, not-for-profit or charitable organisations.
- Allow you to specialise in a technical aspect of accountancy such as corporate recovery, forensic accountancy, corporate finance or taxation.
When you qualify, you will possess a highly marketable professional qualification that is in demand throughout the business world. Many ACA members achieve partner or financial director status early in their careers.
How the ACA works
To achieve the ACA, you must complete a training contract with an Authorised Training Employers (ATE) which will last between 3 and 5 years, pass the ICAEW’s Professional Stage and Advanced Stage examinations and complete work experience requirements.
You can find out more about the ACA qualification at www.icaew.com/careers.
Why should I study ICAEW at Noesis?
Noesis is the first and only registered part-time tuition provider in Klang Valley. We use extensively materials recognised by ICAEW, including presentation slides, study manual and question banks.
Each module consists of 42 hours of study, and includes a mock exam.
Noesis provides a well-balanced understanding of theory and practice to students with instructors who are practitioners with wide industry experience. Our lecturers are dedicated and experienced instructors, have over 10 years of lecturing and training experience. In providing part-time studies, we understand the priority to provide flexibility for our students in their study schedules. Taking into consideration the need for students to balance work and their studies, classes are conducted intensively on weekends. We also recognize that as working adults, the sharing of experience and interaction with lecturers in class is an important tool of learning; therefore class numbers are kept small. In addition this allows personal and professional attention to be directed to each individual.
Recognised as an ICAEW Partner in Learning, working with ICAEW in the professional development of students
Each of the ACA modules is directly relevant to the work that you do on a day-to-day basis. You will gain in-depth knowledge across a broad range of topics in accountancy, finance and business.
There are 15 modules over three levels – Certificate, Professional and Advanced Level.
They 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) – there are no options. This ensures that once qualified, all ICAEW Chartered Accountants have a consistent level of knowledge, skills and experience.
Certificate level: CFAB introduce the fundamentals of accountancy, finance and business. Each of these modules are directly relevant to the work that you do on a day-to-day basis.
Professional level: These modules build on the fundamentals and tests your ability to use technical knowledge in real-life scenarios.
Advanced level: This is the third and final level. The exams present real-life scenarios, with increased complexity and implications from the Professional Level modules.
NOESIS prides itself on the quality of its lecturers across all programmes. The profile of some of our CPA AUST lecturers is below.
Dr. Christine Yap (Full-time)
PhD (University of Putra Malaysia), MSc (The National University of Singapore), FCCA (ACCA), CA (Malaysia)
Dr. Christine has 12 years industrial work experience includes positions as finance manager and accounting manager in foreign MNCs. Christine has 13 years teaching experience in bachelor degrees and professional studies such as ACCA, CIMA, CFA, CPA Australia and ICAEW locally and internationally. Christine’s expertise is Financial Accounting, Financial Reporting and Strategic Management Accounting. Christine holds a profession accounting degree from The Association of Chartered Certified Accountants (ACCA), master degree (major in Economics and Finance) from The National University of Singapore (NUS) and PhD in accounting from University of Putra Malaysia (UPM). She is also a Fellow of ACCA United Kingdom, Chartered accountant of Malaysia Institute of Accountants (MIA).
Dr. Yee Wee Chun (Full-time)
DBA (Northumbria), MBA (Duke), BA (Econs, Virginia)
Dr. Yee started his career as a Financial Analyst at General Electric under the prestigious Financial Management Program in the US. After his MBA , he joined the Boston Consulting Group in Southeast Asia. Wee Chun was Chief Executive and Executive Director of Malaysian Institute of Management (MIM) education arm before founding Noesis in 2009. His doctoral research is in strategic management. He was also awarded the Dean’s Recognition award at Duke University and graduated with High Distinction at University of Virginia. Wee Chun is a triathlete having completed Austria Ironman in 2014.
Liew Sin Choon(Full-Time)
MBA (Herriott-Watt), ACMA
Mr. Liew has 38 years of working experience in diversified fields and industries. He started his career at Price WaterHouse and later worked in Hong Kong for over 10 years, first as the MD of a Japanese health food company and then as an entrepreneur himself in the health food business, gaining valuable exposure in international business. He is a CIMA holder and is currently pursuing a PhD in Business Administration. For the last 5 years, he has been the Finance Director and CIMA Programme Director at Noesis.
Dr. Chong Aik Lee(Part-Time)
CPA Australia, PhD. (Accounting, UUM), Master(Accounting, Macquarie), Bach (Accounting, Daekin)
Dr. Chong started his career as an auditor with Deloitte Kassim Chan and later started his own audit firm. Dr. Chong has many years of lecturing experience at UTAR and UCSI. He has also authored a textbook titled “Auditing Principles and Assurance Services.” He was a former Council Member and former Chairman of the Technical Committee CPA Australia, Malaysia Division.
Because successful businesses and organisations need people with varied backgrounds, interests and knowledge, you can train to become an ICAEW Chartered Accountant whatever your degree background, though relevant degrees in accountancy are favoured over.
ICAEW’s entry requirements relate to your school, college or other relevant qualifications and full details can be found at icaew.com/careers. Your chosen employer will have their own entry requirements, so check their website before you apply.