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ICAEW ACA Qualification | Noesis Academy

ICAEW ACA Qualification

The Institute of Chartered Accountants in England and Wales (ICAEW) is a world leading professional membership organisation that promotes, develops and supports over 147,000 chartered accountants in more than 155 countries. It provides qualifications and professional development, shares its knowledge, insight and technical expertise, and protects the quality and integrity of the accountancy and finance profession. As leaders in accountancy, finance and business, ICAEW members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together they contribute to the success of individuals, organisations, communities and economies around the world.Members of the ICAEW are entitled to call themselves chartered accountants no matter where they are, and use the letters ACA after their name.The ICAEW awards the following qualifications, among others, which are recognised around the world:

The Institute of Chartered Accountants in England and Wales (ICAEW) ACA qualification

The ICAEW ACA qualification is a globally recognised qualification and was established by Royal Charter in 1818. There are currently 147,000 members based in 155 different countries. The ACA is recognised as one of the most valuable financially-based business qualification there is, and not just the premier professional accounting qualification.

The qualification is a passport to the business world where ICAEW graduates with relevant approved practical experience can act as Chartered Accountants, both locally and internationally; or may choose to go on to industry and commerce, where opportunities are just as vast; or even join the Public Sector.
Alumni of the ACA have proven to be invaluable business advisors and captains of industries. 67% of FTSE 100 UK companies have at least one ACA on the Board, either as a Chief Executive Officer or as Finance Director.

What is the ACA?

ACA stands for Associate of the Institute of Chartered Accountants in England and Wales. The ACA is regarded globally as one of the leading business and finance qualifications, and is recognised and valued in practice, industry, commerce and the public sector. Seamlessly merging examinations with practical on-the-job training, it fully equips you with all the relevant experience, skills and professional knowledge to make sound decisions in genuine business environments.

Why Should I Study the ACA Qualification
On successful completion of the ACA examinations, a training contract with an ICAEW Authorised Training Employer (ATE) and required work experience, students apply to have the three exclusive letters ACA after their names, and a glittering career ahead of them.

Career prospects

The sky is the limit. The ACA qualification is a passport to the business world.

With the ACA qualification, it will:

  • Open doors to a wide range of employers from established multinationals to entrepreneurial local organisations.
  • Help you to successfully establish your own business.
  • Prepare you to lead public sector, not-for-profit or charitable organisations.
  • Allow you to specialise in a technical aspect of accountancy such as corporate recovery, forensic accountancy, corporate finance or taxation.
  • When you qualify, you will possess a highly marketable professional qualification that is in demand throughout the business world. Many ACA members achieve partner or financial director status early in their careers.

How the ACA works

To achieve the ACA, you must complete a training contract with an Authorised Training Employers (ATE) which will last between 3 and 5 years, pass the ICAEW’s Professional Stage and Advanced Stage examinations and complete work experience requirements.

You can find out more about the ACA qualification at www.icaew.com/careers.

Students are to take all modules in the level of study enrolled.

Teacher-to-student ratio: On Average, 30 students : 1 lecturer

Late fee payment: No charges

Refund policies:

% of [Course Fees and Registration Fees] If Student’s written notice of withdrawal is received
100% before the Course Commencement Date
0% after the Course Commencement Date


Fabian Moa
Centre Director
+65 9359 9385 / +65 6225 5452

Next Intake Date

December 2017 (View Schedule)

Subject Offered

Financial Accounting and Reporting – IFRS

Intakes Each Year

December, March, June, September

Duration Per Intake

3 months

Mode of Study


Fee Structure:
Registration Fee: SGD 160
Certificate Level: SGD 650 per module
Professional Level: SGD 850 per module
Advanced Level: SGD 1,000 per module


  • The registration fee is only collected for the student’s first time registration with Noesis.
  • The course fees per module include the study manual and question bank from Gillards
Each of the ACA modules is directly relevant to the work that you do on a day-to-day basis. You will gain in-depth knowledge across a broad range of topics in accountancy, finance and business.There are 15 modules over three levels – Certificate, Professional and Advanced Level.They can be taken in any order with the exception of the Case Study which has to be attempted last. You must pass every exam (or receive credit) – there are no options. This ensures that once qualified, all ICAEW Chartered Accountants have a consistent level of knowledge, skills and experience.

ACA Pathway

Certificate Level

The first six modules in CFAB introduce the fundamentals of accountancy, finance and business. Each of these modules are directly relevant to the work that you do on a day-to-day basis.

Professional Level

The next six modules build on the fundamentals and test your students understanding and ability to use technical knowledge in real-life scenarios. Each module has a 2.5–3 hour exam, which are available to sit four times per year, except the Business Planning alternative modules for banking and insurance which are available in June, September and December.

These modules are flexible and can be taken in any order. The Business Planning and Business Strategy modules in particular will help you to progress to the Advanced Level.

Advanced Level

The Corporate Reporting and Strategic Business Management modules test your understanding and strategic decision making at a senior level. They present real-life scenarios, with increased complexity and wider implications from the Professional Level modules.

The Case Study presents a complex business issue which challenges your ability to problem solve, identify ethical implications and provide effective solutions. The Case Study tests through contextualisation the knowledge, skills and experience you have gained to date.

The Advanced Level exams are fully open book, so they replicate a real-life scenario where all the resources are at your fingertips.


NOESIS prides itself on the quality of its lecturers across all programmes. The profile of some of our CFA® lecturers is below.

Dr. Christine Yap Yee Ming (Full-Time)
PhD (UPM), MBA (Econ and Fin, NUS), FCCA, MIA

Christine is currently serving as a Senior Accounting Lecturer in one of the private universities in Malaysia. She has 10 years of teaching experience at bachelor degree level and in professional studies such as ACCA, CFA and CIMA. Christine’s main areas of expertise are Financial Accounting and Reporting. She has 12 years of industrial work experience, including spells as finance manager and accounting manager in foreign MNCs. During her career she has worked for companies such as Stryker, New Zealand Milk and ERA Reality Network in Singapore. Christine holds a PhD at the University Putra Malaysia (UPM) focusing on management accounting practices and the role of accountants. Christine teaches the following modules: Financial Accounting and Reporting, Corporate Reporting.

Dr. Chong Aik Lee (Part-Time)
CPA Australia, PhD. (Accounting, UUM), Master (Accounting, Macquarie), Bach (Accounting, Deakin)

Dr. Chong started his career as an auditor with Deloitte Kassim Chan and later started his own audit firm. Dr. Chong has many years of lecturing experience at UTAR and UCSI. He has also authored a textbook titled “Auditing Principles and Assurance Services.” He was a former Council Member and former Chairman of the Technical Committee CPA Australia, Malaysia Division. He teaches the Audit and Assurance module.

Dr. Yee Wee Chun (Full-Time)
DBA (Northumbria), MBA (Duke), BA (Econs, Virginia)

Wee Chun started his career as a Financial Analyst at General Electric under the prestigious Financial Management Program in the US. After his MBA , he joined the Boston Consulting Group in Kuala Lumpur, with assignments in major corporations in Malaysia and Indonesia. Wee Chun was Chief Executive and Executive Director of MIM-INTI Management Institute and INTI Management Services for 7 years before founding Noesis in 2009. His doctoral research is in strategic management. He was also awarded the Dean’s Recognition award at Duke University and graduated with High Distinction at the University of Virginia. Dr. Yee teaches the following segments: Strategic Business Management, Case Study

Liew Sin Choon (Full-Time)
MBA (Herriott-Watt), ACMA, CGMA

Mr. Liew has 37 years of working experience in diversified fields and industries. He started his career at PriceWaterHouse and later worked in Hong Kong for over 10 years, first as the MD of a Japanese health food company and then as an entrepreneur himself in the health food business, gaining valuable exposure in international business. He is a CIMA holder and is currently pursuing a PhD in Business Administration. For the last 4 years, he has been the Finance Director and CIMA Programme Director at Noesis. He teaches the following module: Financial Management, Business Strategy, Strategic Business Management


Education Requirements

Because successful businesses and organisations need people with varied backgrounds, interests and knowledge, you can train to become an ICAEW Chartered Accountant whatever your degree background, though relevant degrees in accountancy are favoured over.

ICAEW’s entry requirements relate to your school, college or other relevant qualifications and full details can be found at icaew.com/careers. Your chosen employer will have their own entry requirements, so check their website before you apply.

Subject Offered Intake Schedule Fee Structure University Discount
Financial Accounting and Reporting – IFRS December 2017 View Schedule View Fee Structure View Discount List

Recognised as an ICAEW Partner in Learning, working with ICAEW in the professional development of students