ICAEW Unveils Business and Finance Professional (BFP) Designation
ICAEW has recently revealed a new designation called the ICAEW business and finance professional (BFP). This new designation is basically for Individuals that want to have a career in the field of business and their job role would also include some finance related work.
It will be made available to employers and students from November 1, and the holders will be eligible to use the designatory letters BFP.
ICAEW has said that for many, the BFP designation will provide them with an opportunity to attain knowledge which would help them in progressing in their careers. For a lot of other individuals, the designation is another step in their journey to gain the ACA qualification.
Applicants will be required to take exams, gain 1 year work experience and complete online ethics assessment. Once the applicant completes the qualification then that individual will be required to comply with ICAEW’s ethical standards. The individuals completing the qualification will also be required to keep their knowledge updated through continuous professional development.
The chief executive at ICAEW, Michael Izza, said that the new designation would give the applicants finance skills and the ability to make informed and timely business decisions, both the elements are considered essential for career progression.
He further said that it will help in addressing skill shortages within an organization and will also provide organizations with opportunity to develop and retain talented employees.