Become an ICAEW Business and Finance Professional

This designation recognises professionals who have gained the essential knowledge, skills and experience necessary for a successful career
in business and finance. Those with the BFP designation benefit from ongoing support and advice from ICAEW, a world-leading professional membership organisation, as well as from ongoing personal and professional development.

Why you should get the BFP designation:

  • Professional recognition and ongoing support and advice from a world leading professional membership organisation.
  • Enhances your employability by demonstrating your commitment to ongoing professional development.
  • Demonstrates compliance with an internationally recognised Code of Ethics.
  • Specialist management and personal development content.
  • Tailored online training programmes in Microsoft Excel.
  • Latest accountancy business and economic news at your fingertips.
 

About the designation

The ICAEW Business and Finance Professional (BFP) is an internationally recognised professional designation from one of the world’s leading membership organisations.

With the BFP status, professionals demonstrate that they meet the ICAEW standards relating to technical knowledge, business skills and understanding of ethics.

Similar to our members, Business and Finance Professionals need to demonstrate their commitment to their professional development. In order to do so, they have access to a variety of exciting resources and benefits.

Who is eligible for BFP?

Whether you’re new to ICAEW or have completed one of our qualifications, you can start your journey towards becoming a BFP at any point. You can be any of the following:

  • ICAEW CFAB student or holder or eligible for exemptions through your degree
  • Current or former ACA student
  • An ICAEW apprentice at Level 4 or Level 7
  • New to ICAEW
  • Have a similar qualification from another membership organisation

You can find out what your first step is by contacting the nearest ICAEW office to you.

What are the BFP requirements?

There are three key elements to complete before you can apply for your BFP designation:

ICAEW CFAB Ethics programme Work experience

ICAEW CFAB is a certificate-level qualification from ICAEW. It provides essential knowledge and practical skills in finance, accounting and business.

There are no minimum entry requirements to do the ICAEW CFAB qualification which is your first step to becoming an ICAEW Business and Finance Professional.

A business ethics module that meets internationally recognised standards for professional accountants.

You must demonstrate that you have 12 months’ full-time work experience in a business and/or finance role.
ICAEW CFAB

ICAEW CFAB is a certificate-level qualification from ICAEW. It provides essential knowledge and practical skills in finance, accounting and business.

There are no minimum entry requirements to do the ICAEW CFAB qualification which is your first step to becoming an ICAEW Business and Finance Professional.

Ethics programme

A business ethics module that meets internationally recognised standards for professional accountants.

Work experience You must demonstrate that you have 12 months’ full-time work experience in a business and/or finance role.

How do I apply for my BFP designation?

Once you’ve completed all three elements you’re ready to apply to become an ICAEW Business and Finance Professional. There’s a one-off registration fee of £25 and the annual subscription fee is £125. However, if you’re earning less than £28,028 p.a, you are eligible for our concession rate, and your subscription fee would then be £50.

What’s included in the annual subscription?

In addition to the prestige associated with the BFP designation, ICAEW Business and Finance Professionals will also have access to a wide range of resources to support them in their personal and professional development. Here is an overview of what is included:

Designatory letters

You will have the right to use the BFP designatory letters after your name. Using these can help you demonstrate your status as a Business and Finance Professional and the recognition from a membership organisation

Management and personal development

Online and interactive resources from the Chartered Management Institute on management and personal development theory, examples and best practice, designed to help application of the very best management practices. This helps you add real value to your organisation on a day-to-day basis.

Business and finance refresher

An A-Z of reference materials covering a wide range of finance, accounting and business topics, including the elements you’ll have covered in your CFAB exams.

Excel

A suite of online Excel training modules, a personalised training plan, model spreadsheets and video tutorials helping you to minimise spreadsheet risk and increase competency in this essential business tool. Through the online community and the weekly blogs you’ll be learning from recognised experts who use, train and consult on Excel.

Your chosen technical specialism

Tailored technical content and ICAEW thought leadership and opinion on the latest technical and business issues affecting the profession. Choose the specialism that’s most relevant to your current job or chosen future career:

  • Assurance and Risk
  • Corporate Finance and Deals
  • Tax

Helplines

One-to-one, free and confidential help from ICAEW’s technical advisory and ethics helplines, as well as support from ICAEW’s library research team.

Newsletters

Business, finance and accountancy news and analysis from economia.

 

Next Step...

Contact us for more information regarding the ICAEW Business and Finance Professional