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ICAEW unveils new designation for ambitious PQs who want to show commitment and drive
The ICAEW is now offering PQs the opportunity to gain recognition for their knowledge and technical skills by means of a designation called the ICAEW Business and Finance Professional (BFP).
Aimed at professionals who are either on their way towards chartered accountancy or those who simply want to demonstrate their commitment to ongoing professional development and have a successful career in business, management or finance, there are many benefits that come with the designation.
As a BFP holder you will have ongoing support and advice from ICAEW, access to an international network of like-minded business professionals as well as online and interactive resources from the Chartered Management Institute (CMI) available to you. These resources are designed to help professionals with the application of the very best management practices, which will in turn add real value to the organisation the BFP holder works in or even to their own business. On top of that, as a BFP holder you will have the option to choose a technical specialism for which you will receive updates and relevant material to support your development in the sector of your choice.
Additionally, once you are a holder of the designation, you will be able to use the designatory letters ‘BFP’ after your name, which will make you more employable, as it will clearly demonstrate your recognition from a professional membership organisation.
To gain the designation aspiring BFP holders will need to have completed three elements: the ICAEW CFAB qualification; 12 months’ work experience in a business or finance role gained within the last three years; and the ICAEW Ethics Learning Programme. If you meet one or two of these requirements you will only need to complete the missing ones to be eligible to apply for the BFP designation.
Those interested in gaining the BFP designation don’t need any prior academic requirements. You can start your journey by registering for ICAEW CFAB or, if you have already completed some study at university or with another professional body, you may be able to gain credit for prior learning (CPL) for some of the ICAEW CFAB modules. If you have already completed the qualification you can start with the ICAEW Ethics Learning programme and achieve the BFP designation more quickly.
To find out more about the designation and how you can become a BFP holder visit icaew.com/becomeabfp
• Thanks to the ICAEW for this article
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