As more professionals in the job market are graduating with a university degree, securing a career at a reputable company is becoming more challenging as fresh graduates strive to set themselves apart from their peers. That is why many undergraduates today are pursuing professional qualifications to add value to their degree and increase their chances of landing a job with a leading organisation in Indonesia.
The ICAEW Certificate in Finance, Accounting, and Business (ICAEW CFAB), a globally recognised qualification, prepares undergraduates with sound understanding of practical skills and knowledge sought by employers to give them a competitive edge over their peers. It is also the first step towards obtaining the ICAEW ACA to become a fully qualified chartered accountant.
We talked to Tanaya Devi, a student at Airlangga University who is pursuing the ICAEW CFAB in addition to her degree in Accounting. Tanaya shared her perspectives on the value of obtaining the CFAB and how it prepares her to attain her dream career of being a qualified accountant in one of Indonesia’s top accountancy firms:
1. What inspired you to pursue the ICAEW CFAB programme even though you are already pursuing your undergraduate studies in Accounting?
In the era of Industry 4.0, the advancement of new technologies has not only enhanced the way companies can navigate increasingly complex business landscapes. It has also enabled new programmes and applications to replace some work functions previously carried out by professionals. Therefore, I think that graduates need to do more than just obtain a university degree. They need to have a good grasp of technical skills through academic training. At the same time equip themselves with practical and commercial knowledge that will help them navigate the world of business once they enter into the profession of their choice.
This is why I decided to pursue the ICAEW CFAB alongside my university degree at Airlangga University. The qualification not only equips me with the key elements of finance, accounting, and business, and illustrates how businesses operate. It is also a qualification that is widely-recongnised globally certified by ICAEW, one of the world’s most prestigious professional accountancy bodies.
2. What is it like studying for the CFAB and how do you manage your time between studying for the CFAB and your university courses?
Studying for the ICAEW CFAB has been a rewarding experience. In Indonesia, every university that is an official ICAEW higher education institution (HEI) partner has an ICAEW student community that helped in organising the CFAB exams preparatory classes. When I was the research study and training coordinator in the committee, I helped organise study groups. I was also a student mentor who assisted other CFAB students in their studies.
As a student mentor, I had to ensure I have a good grasp of the CFAB exam modules in order to help others. I also had to study the learning materials and question banks in addition to my regular university studies. To be well prepared to take on my CFAB studies, I spent an extra 4 to 5 hours every weekend to review each module in-depth and prepare myself to tackle the CFAB examinations.
As a result, I was able to guide my study group and explain the concepts of each module in greater detail to other CFAB students taking the same paper. My focus and commitment has helped me attain flying colours at the recent CFAB examinations, where I received the Top Achiever Award for my high score at the ICAEW Mock Accounting Examination last year.
3. How is ICAEW supporting you in your CFAB journey?
ICAEW Indonesia has been constantly present throughout my CFAB studies by ensuring that I receive the latest resources and up-to-date learning materials. This is particularly important because the modules get updated regularly from the research and feedback that ICAEW receives from employers and organisations based on the latest trends and technology that influence businesses.
The ICAEW Indonesia team also played an active role supporting in preparing students to sit for examinations during my course of study. This includes facilitating exam registrations and sharing useful tips on how to effectively complete each paper within the allotted time during the computer-based examinations.
4. What is your career aspiration after you graduate?
After I graduate from Airlangga University, my aspiration is to become an associate at a top public accounting firm in Indonesia. In my opinion, accountants should play a greater role that go beyond basic functions such as managing a company’s accounts and assets. Indeed, accountants today should be agile business leaders who can identify issues faced by clients that are not so obvious and assist in finding the most effective and efficient solutions.
After gaining 10 years of work experience in the accountancy profession, I intend to be a university lecturer and teach students to integrate theory with practical knowledge. I think it is important to equip undergraduates today with industry knowledge and technical skills in order for them to compete as well-rounded accountants in Indonesia and abroad.
5. How will the ICAEW CFAB prepare you to achieve your career goals?
The ICAEW CFAB programme is an extremely valuable qualification, as it provides me with a comprehensive view of how businesses work and thrive. Additionally, it exposes me to actual and practical work experience that will prepare me to launch my career with reputable organisations in Indonesia and differentiate me from my peers. Employment with leading organisations is made possible through ICAEW’s network of Authorised Training Employers (ATEs) across various industries.
I recently started my internship programme with Kreston International Accounting Firm, which is an ICAEW ATE. My internship enables me to apply the knowledge gained from my CFAB studies in a real work environment. This is encouraging, as I know I am able to apply the same knowledge and experience to my future career as a chartered accountant.
After completing the ICAEW CFAB, I intend to continue pursuing the prestigious ICAEW chartered accountancy qualification, the ACA, and to become an ICAEW Chartered Accountant. This will no doubt open even more doors for my career in the future.
Ready to Embark on an Exciting Journey to a Career in Accountancy? Learn more about the ICAEW CFAB and how to apply!
If you’re considering kick-starting an exciting career journey with the ICAEW CFAB to realise your professional career aspirations like Tanaya, contact ICAEW Indonesia via:
- E-mail: firstname.lastname@example.org
- Phone: +62 857 8143 2737
- Website: https://icaew.ca-sea.asia/contact-us/
It’s worth noting that you don’t actually need an accounting or finance background to pursue the ICAEW CFAB.