CFABICAEW Certificate in Finance, Accounting and Business

Get ahead with essentialbusiness skills and knowledge

2015|2016

Bahrain +973 33720465

Bahrain +973 33720455

+973 33720455

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7 Reasons: Why you need a professional certificate/certification?

Employability Differentiator

Prestige

Credibility

Showing Commitment to Continued Professional

Development

Proof of Competency & Practical Skills

Source of Networking Opportunities

Maximizing Earning Power

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An overview of ICAEWICAEW is a world leading professional membership organisation that promotes, develops and supports over 144,000 chartered accountants worldwide. We provide qualifications and professional development, share our knowledge, insight and technical expertise, and protect the quality and integrity of the accountancy and finance profession.As leaders in accountancy, finance and business our members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together we contribute to the success of individuals, organisations, communities and economies around the world. Because of us, people can do business with confidence.

Committees at ICAEW are one of the ways that members can become involved in their institute. Committees are used to develop policy, to seek views on current issues, to draw on members’ technical expertise and to handle disciplinary matters.

There are also three committees that support the running of ICAEW and which report directly to council – the audit committee, the nominating committee and the senior staff appointments committee.

All of the committees’ responsibilities and terms of reference are set out in a formal scheme of delegations.

The Council is ICAEW’s supreme governing body, responsible for oversight of its activities. Council agrees ICAEW’s strategy and budget, delegating day to day operation to committees and staff.

The majority of Council is elected by ICAEW members, supplemented by co-opted and ex officio members. This is to ensure that Council represents the main sectors and interests of the whole membership.

ICAEW’s Board has overall responsibility for ICAEW’s planning and budgeting process and the development of policy.

It is supported by five boards that oversee the main areas of ICAEW activity - Professional Standards Board, Learning and Professional Development, Member Services, Technical Strategy and Commercial.

The Executive Leadership Team is responsible for the delivery of ICAEW’s operational plan. It also has an important role in helping to shape ICAEW strategy. It is supported by the management team which includes Departmental Directors.

Committees Governance

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Although accountancy is hundreds of years old, it wasn’t until after the middle of the 19th century that the professional accountant became recognised. ICAEW was granted a Royal Charter by Queen Victoria in 1880, giving our members the right to use the designation ‘chartered accountant’.Many of the founding fathers of the ‘Big Four’ accountancy firms were early ICAEW presidents - names such as Arthur Cooper, Frederick Whinney, William Welch Deloitte and Sir William Peat.

History

On 11 May ICAEW was granted a Royal Charter recognising its 'pre-eminence, stability and permanence' as well as defining its public interest remit.

Chartered Accountants' Hall, in the City of London, was completed to the design of the eminent Victorian architect, Sir John Belcher RA.

Mary Harris Smith is admitted to ICAEW, becoming the first female chartered accountant in the world.

The first extension to Chartered Accountant's Hall is built by J.J. Joass.

The extended and new building at Chartered Accountants’ Hall is opened by Her Majesty the Queen Elizabeth the Queen Mother.

Baronness Noakes is the first woman to become president of ICAEW.

ICAEW are appointed by the European Commission to study the implementation of IFRS throughout the European Union.

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Our vision is for ICAEW to be acknowledged as leading the global accountancy and finance profession, so people can do business with confidence.We will achieve this by fulfilling the objectives set out in our Royal Charter. These are to:-

Key facts about ICAEW

Vision, mission and values

Name: ICAEW (The Institute of Chartered Accountants in England and Wales)

Founded: 1880

Headquarters: Chartered Accountants' Hall, London

Offices: UK, Beijing, Brussels, Dubai, Hong Kong, Kuala Lumpur and Singapore

Members: Over 144,000 chartered accountants around the world

Advance the theory and practice of accountancy, finance, business and commerce.

Recruit, educate and train a body of members skilled in accountancy and finance.

Preserve at all times the professional independence of accountants.

Maintain high standards of practice and professional conduct by all members.

Advance the profession of accountancy.

We believe in acting responsibly, in the best interests of our members and the general public. We act with integrity, creating effective partnerships with organisations and communities worldwide to ensure the highest technical, professional and ethical standards.

The ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB) is an internationally recognized certificate from ICAEW – a world leader of the accountancy and finance profession.

After a year of studying ICAEW CFAB, I can actually see the bigger picture of the business world. I believe it is my next ticket for my journey into the competitive business world. Student, Malaysia

It has got me jobs that I would not have got before. Student, UK

It will give a good level of core finance education which is useful to have whatever your role in an organization.Employer, Russia

ABOUT THE ICAEW CFAB

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ICAEW Certificate inFinance, Accounting and Business

ICAEW CFAB – Fast Facts

A good understanding of business, finance and accounting is highly valued in any

role in any organisation around the world. Having this knowledge will boost your

CV/career resumé and could help you get a job, open up new career options and

help you stay ahead of your peers.

The ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB) will

teach you the key elements to help you on the road to success.

What you’ll learn: Essential knowledge in finance, accounting and business.

Study: You can study in your own time to fit around other commitments. Study options include online, classroom, self-study and more.

Timing: Can be gained in one year, or choose to go at your own pace.

Exams: Six computer-based assessments – take them in any order and at any time.

Exam credit: Credit is available for five out of six modules for those who are studying for, or have relevant qualifications.

Getting started: No formal academic entry requirements needed.

Success: First-time pass rates are around 90% for each module.

Credibility: Once you’ve passed all the exams, you’ll get an internationally recognised formal certificate from ICAEW to prove your achievement and knowledge.

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ICAEW Certificate inFinance, Accounting and Business

When I graduate, I’ll already have one certificate in my hand which will help me when I apply for jobs.University Student, UK

ICAEW CFAB enables me to study in my free time, which is ideal as I am self-employed. It is helping me broaden my knowledge and gives me more confidence in dealing with my own taxes, self assessment and other financial matters.Student, France

For those who haven’t decided whether they want a long-term career in finance, it gives them a flavour of what it is all about. Employer, UK

It will definitely enhance my long-term career options. Student, UAE

I decided to study ICAEW CFAB because I intended to apply for accounting jobs instead of going to university. I believe having ICAEW CFAB improved my job applications. Student, UK

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ICAEW CFAB is a great way to get a firm footing in finance. As anemployer, I would recommend it.Employer, UK

Competitive advantage ICAEW CFAB teaches you highly valuable business and finance knowledge which could give you the edge over your peers. It helps show prospective employers you are ambitious and self-motivated.

Get ahead Improve your knowledge and skills to help you get ahead in the job market.

New career If you are considering a career in business, finance or accounting, you can study for ICAEW CFAB to see if it’s right for you – you’ll gain essential knowledge and a formal certificate to demonstrate your achievement.

Entrepreneur Eager to start your own business but don’t want to fall into the typical pitfalls faced by start-ups? This certificate helps you understand the wider business and finance issues that are invaluable for any new company.

Effectiveness at work If you work in a role that supports professional service firms, banks or financial services and need to know the fundamentals to help you effectively support other teams, then ICAEW CFAB is perfect for you.

Working with budgets If you need to understand budgets, how to control costs or how to measure success factors – it will help you in your role.

Career path into chartered accountancy ICAEW CFAB consists of the first six modules of our chartered accountancy qualification, the ACA. So, if you choose a career in accountancy, finance or business, the ACA is the next step for you.

Gap year Make your gap year count – get a recognised certificate in a year from ICAEW to show employers you are dedicated and ambitious.

Returning to work Brush up on your knowledge before going back to work.

Reasons to choose ICAEW CFAB

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* The Accounting module is compulsory for all students. The only exceptions are for AAT qualified individuals who have also passed the ACA Financial Accounting Top-Up module or university students who have passed the ACA Financial Accounting and Reporting module or who passed the previous ACA Financial Accounting module.

SYLLABUS HEADLINES EXAMPLES OFWHAT’S EXPLAINEDMODULE

Accounting*• Maintaining financial records

• Adjustments to accounting records and financial statements

• Preparing financial statements

• Assets and liabilities • Gross and net profit • Profit / loss • Balance sheet • Cash flow• Invoicing

Management Information• Costing and pricing

• Budgets and forecasts

• Performance management

• Management decision-making

• Business costs

• Pricing strategies, considerations and profit margins

• Budgeting

• Measuring business performance against budgets and goals

• Decisions required by a business to function effectively

Law• Impact of civil law on business and

professional services

• Company and insolvency law

• The impact of criminal law on business and professional services

• The impact of law in the profes-sional context

• Laws applicable to organisations

• Legal requirements to set up a company

• Disputes with suppliers or clients

• Employment law

• Contract law

What you’ll learn

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SYLLABUS HEADLINES EXAMPLES OFWHAT’S EXPLAINEDMODULE

Principles of Tax • Objectives and types of tax

• Ethics and administration

• Income tax and national insurance contributions

• Capital gains tax and corporation tax on chargeable gains

• Corporation tax

• VAT

• Types of tax that individuals and companies pay

• Tax requirements for individuals and companies

• Implications of not complying with tax requirements

Assurance • The concept, process and need for assurance

• Internal controls

• Gathering evidence for an assur-ance engagement

• Professional ethics

• What is assurance, why it’s needed and what’s involved

• Types of risk a business might be exposed to

Business and Finance • Business objectives and functions

• Business and organisational structures

• The role of finance

• The role of the accountancy profession

• Governance, sustainability, corpo-rate responsibility and ethics

• External environment

• Organisational structures, functions and people management

• Theories of economics, finance and business

• Strategic planning

• Different finance sources available to businesses

• External influences on businesses and their impact on business decisions

• The importance of competition and how it affects business decisions

What you’ll learn

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ICAEW CFAB considerably enhanced my knowledge of business and accounting and has given me an edge in my work.Student, UAE

I have recently had an interview with a firm and got called back for a second interview, I believe this was partly down to the fact I am studying ICAEW CFAB. Student, UK

I was looking for a professional certificate endorsed by a well-known organisation. Student, France

The knowledge I have gained has been really useful for my work and has enhanced my confidence and credibility with clients and significantly extended the scope of my capabilities. Highly recommended.Student, UK

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Once you have completed ICAEW CFAB, you’ll have gained a wide range of practical knowledge and skills which are highly valued by employers. You’ll:

understand the key elements of business, finance and accounting.

understand wider business issues.

have the skills to talk the language of finance.

appreciate the main factors linked to business success or failure.

understand key decisions that businesses and management teams have to make on a day-to-day basis.

see how to minimise business risk and monitor business performance.

have the skills to help you write a business plan.

You’ll gain practical skills

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You’ll gain practical skills

Exam credit / exemptions If you are studying for, or hold relevant qualifications (eg, certain degrees with business, accounting or finance components), there are up to five credits for prior learning available for ICAEW CFAB. Credit is not available for the Accounting module (see page 4 for exceptions).

Flexibility and convenience You can sit the ICAEW CFAB computer-based exams at many ICAEW approved assessment centres around the world. You can study the modules in any order, sit the exams when it suits you or your employer and study at a pace that is right for everyone. You can complete this certificate in a year or choose to take longer.

Exam locationsIn GCC: Exams are administerd through Pearson VUE Exam network in Bahrain, UAE & Kuwait.

Life After ICAEW CFAB If you want to carry on learning or decide you want to focus on a career in accountancy, finance and business, then there are plenty of options.

ICAEW CFAB consists of the first six modules of our chartered accountancy

qualification, the ACA. So, if you choose a career in accountancy, finance or business,

the ACA is the next step for you. For more information, visit icaew.com/careers.

ICAEW also offers a number of qualifications and learning programmes which cover

insolvency, charity accounting, corporate finance, international financial reporting

standards and many more. Find out more at icaew.com/learning.

Choose what works for you

Next steps

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Why Horizons HRD is your ideal choiceto study the CFAB ?

Comprehensive Assessment: will be conducted free-of-charge to ensure that the chosen qualification/certificate suits the candidate’s abilities and his/her career path. This assessment will cover the following areas: Academic Abilities. Level of English. Work Experience. Commitment. Career Potential.

BeforeEnrollment

Orientation Session: to familiarise candidates with the certification program, its structure and study methods and smart strategies for achieving high passing rates.*Knowledge Bridging Progarm: will be conducted for candidates to help them reach the right level required for starting the study journey.*Technical Terminology and Language Skills Workshop: will be organized to help candidates reach the right level of language and technical terminology knowledge, enabling them to undersatnd the course topics. * *Depends on the assessment conducted as per stage 1.

BeforeStarting

the Course

Participation and Attendance Certificate: will be offered at the end of each course/unit if you achieve 75% of attendance. You can use them to enhance your CV/Profile before passing the full professional course.Employability and Success Skills Workshop: designed to increase your employability chances and to teach you how to be successful in your career.Job Opportunities: if needed, we can partner with our clients to find a suitable job for you or help you in changing your current job.On-the-job Training: if needed, we can partner with our clients to find suitable on-the-job training opportunities for you to enhance your employability and practical skills.

Afterthe Course

One Stop Station: for registration and providing support regarding awarding bodies enrollment and exam formalities (i.e. we take the hassle away from you).Ongoing Commitment and Support Until You Pass Your Exams : offered to those who attended 90% of our classes / revision sessions and followed our study methodology and approach. We promise to allow learners who fail the first attempt to attend the next available course free-of-charge or we will compensate them for the exam fees.*Ongoing Revision and Coaching Sessions: designed to help candidates achieve a high passing rate and refresh their memory.Individual Study Plans: designed to help each learner/candidate to focus on his/her areas of improvement and offer a road-map for his/her complete study journey.Mock Exams: offered to enhance confidence among learners/candidates and upgrade their exam techniques and skills. *Terms and conditions apply.

Duringthe Course

Committed to providing an integrated offer to support the candidates in their study for obtaining professional certificates over the following four stages: 1

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During the last 10 years, more than 90% of our clients rated our courses and professional services "Excellent".

Proven record of excellence in managing training programs for local, regional and multi-national companies for over a decade.

Smart program design created with the goal of achieving the highest possible passing rates.

Rich, practical and engaging learning experience with industry focus and immediate knowledge transfer.

Committed to using effective Learning Systems with proven high passing rates .

Open and supportive learning environment.

Programs delivered by Business Practitioners and Subject Matter Experts (Mostly Bahrainis).

Well- structured, interactive and convenient classes run in small groups.

Passed QQA rigorous review (Grade: GOOD).

A professional training center accredited by the leading international body ICAEW ( The first ICAEW partner in learning in Bahrain).

Approved by Ministry of Labour (Note: Bahrainis can benefit from Tamkeen Professional Certifications Scheme).

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How to apply

1 2Complete the application form & Submit the following documents:

Copy of smart card (CPR) Copy of transcript

Our Clients

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