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UK Chartered Accountant Course

To become a chartered accountant, you'll need to complete in-depth accountancy training and pass professional exams with a recognised industry body

A Chartered Accountant (CA) is a professional accountant who is a member of one of the UK's chartered accountancy bodies. The most prominent of these bodies are the Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Chartered Accountants of Scotland (ICAS), and the Chartered Accountants Ireland (CAI).

To become a chartered accountant in the UK, individuals must complete a comprehensive training course that combines practical experience with rigorous academic study. A chartered accountant course in the UK typically includes a blend of classroom instruction and practical training. The syllabus covers various topics such as accounting, taxation, audit, finance, business strategy, and management accounting. Students are also taught essential skills such as problem-solving, critical thinking, communication, and team working.

Chartered Accountant application

Examinations are usually computer-based and take place at various stages throughout the course, while practical work is typically completed via a period of training with a firm of chartered accountants. This training is designed to give students hands-on experience in a professional setting and to help them develop the skills necessary to succeed.

To succeed in a CA course, students must be hardworking, dedicated, and have strong analytical skills. They must also be willing to take on responsibility and be able to work under pressure. It is also essential to have excellent communication skills and to be able to work well in a team. Many students also find it helpful to have a strong background in mathematics, business studies, or economics.

Becoming a Chartered Accountant

To become a chartered accountant in the UK, you'll need to complete additional training after obtaining a relevant degree or qualification. After obtaining your qualification, you will need to:

  • Gain work experience: You'll need to gain relevant work experience, typically through a training contract with an accountancy firm, which usually lasts for three years.
  • Complete the ACA qualification: The ACA (Associate Chartered Accountant) qualification is the most popular qualification for chartered accountants in the UK. It is offered by the Institute of Chartered Accountants in England and Wales (ICAEW). You'll need to complete 15 modules, which cover topics such as accounting, taxation, and audit.
  • Complete the practical work experience requirements: In addition to passing the ACA qualification, you'll also need to complete at least 450 days of practical work experience, which must be signed off by your employer.
  • Apply for membership: Once you've completed the ACA qualification and practical work experience requirements, you can apply for membership with the ICAEW and become a chartered accountant in the UK.

Chartered Accountant Tuition Fees

International students can expect to pay between £13,000 and £20,000 per year for chartered accountancy courses and between £17,000 and £26,000 per year for postgraduate courses.

Chartered Accountant Course Duration

Undergraduate courses take 3-4 years to complete, while postgraduate courses take 1-2 years. However, it's worth noting that becoming a chartered accountant typically requires completing several years of additional training and work experience after obtaining a degree.

Types of Chartered Accountant Course

Undergraduate Chartered Accountant

Undergraduate chartered accountant degrees in the UK typically provide students with a broad foundation in accounting, finance, and business. Students may study topics such as financial accounting, management accounting, audit and assurance, taxation, business law, and economics. They may also learn about the wider business environment, including marketing, management, and entrepreneurship.

Master’s in Chartered Accountant

A master's in chartered accountant course builds on the foundational knowledge gained in an undergraduate degree. It is designed to provide students with more advanced, specialised training in accounting and finance. Students on a master's course may study topics such as financial reporting, advanced auditing, strategic management accounting, corporate finance, and ethics and governance.

Chartered Accountant Careers

In the UK, there are several common career paths for chartered accountants after graduation, including:

  • Audit and Assurance: Chartered accountants often work in audit and assurance roles, helping clients assess their financial statements and identify potential risks.
  • Taxation: Chartered accountants also work in taxation, helping clients navigate complex tax regulations and minimise their tax liabilities.
  • Financial Management: Many chartered accountants work in financial management, overseeing budgets, financial forecasting, and financial reporting.
  • Advisory Services: Chartered accountants also work in advisory services, providing strategic advice to clients on a range of financial issues, including mergers and acquisitions, risk management, and financial restructuring.
  • Management Accounting: Chartered accountants may also work in management accounting, providing financial information and analysis to help managers make informed business decisions.

Chartered accountants work in various sectors, including accounting firms, financial services, government agencies, and private corporations.

Chartered Accountant Salary

According to data from the Institute of Chartered Accountants in England and Wales (ICAEW), the average salary for a newly qualified chartered accountant in the UK was £47,000. However, salaries can range from around £25,000 for entry-level positions to over £100,000 for senior management roles in larger firms.

Chartered Accountant UK Entry Requirements

To become a chartered accountant in the UK, you will typically need to have a university degree, although there are alternative routes available such as apprenticeships or professional qualifications.

If you choose to go down the university route, the typical entry requirements for a chartered accountancy degree in the UK, applicants are generally required to have A-levels or equivalent qualifications, including mathematics and English. You will typically need to complete a degree in accountancy or a related field such as finance, business or economics.

After completing your degree, you will need to obtain a professional qualification from a recognised professional body such as the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) or the Chartered Institute of Management Accountants (CIMA).

Where can I study Chartered Accountant in the UK?

To learn more about the best chartered accountancy courses in the UK, find details on the top ten ranking Accounting and Finance universities in the Guardian University Guide 2024 below:

  1. London School of Economics
  2. University of Warwick
  3. Durham University
  4. University of Manchester
  5. Bangor University
  6. University of Edinburgh
  7. University of Aberdeen
  8. University of West London
  9. University College London
  10. Liverpool John Moores University

Study Chartered Accountant in the UK

If you want to study chartered accountancy in the UK, arrange your free consultation today. Don't forget the Premium Service will guarantee you at least one offer from a UK university!

Chartered Accountancy FAQ

The best CA course depends on your interests, skills, and career aspirations. All three levels of the CA course are essential, and each level has its own unique importance. Therefore, it is recommended that you complete all three levels.

After completing a 10+2 education, the best degree to pursue along with CA is a Bachelor's degree in Commerce (B.Com). However, you can pursue any degree that interests you as long as you complete the CA course.

The main difference between CA and CPA is that CA is a professional degree for accountants in India, while CPA is a certification for accountants in the United States. CPA stands for Certified Public Accountant and is recognised globally, while CA is recognised in India. Both CA and CPA have their own unique curriculum, exams, and certification requirements. It is important to note that the CA curriculum is more comprehensive and broader in scope than the CPA curriculum.

Regarding which one is higher, it is difficult to compare CA and CPA as they are two different qualifications. Both are highly regarded in their respective regions and provide excellent career opportunities.

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