About chartered accountants
There are a number of professional bodies that provide accountancy training, including ICAEW (Institute of Chartered Accountants in England & Wales) ACCA (Association of Chartered Certified Accountants), CIMA (Chartered Institute of Management Accountants), and AAT (Association of Accounting Technicians). However, almost all trainee accountants at Richardsons are working towards qualification as a Chartered Accountant through the ICAEW.
In order to qualify as a Chartered Accountant, trainees enter into a training contract with a recognised training organisation, either an accountancy practice or certain firms in industry. Contracts are typically three or four years long, and provide trainees with practical experience to supplement their studies.
Throughout the contract, trainees will take a number of professional exams across a range of technical subjects including accountancy, audit and assurance, taxation, business finance, business management and financial reporting. In addition, several topics are covered by course work only, for example company law and professional ethics. This breadth of course content is considered one of the major strengths of the training programme, and provides qualified Chartered Accountants with a broad knowledge and skills base on which to build their future career. Chartered Accountants therefore work in a very wide variety of environments, including practice, industry, education, government, charities, banking and finance, entertainment and media, and running their own businesses. The qualification also enjoys worldwide recognition, and many Chartered Accountants therefore choose to spend some time working overseas.
If you would like more detail about becoming a Chartered Accountant, visit the ICAEW