Institute Of Chartered Accountants In England and Wales (ICAEW

AAA

DEFINITION of 'Institute Of Chartered Accountants In England and Wales (ICAEW'

A group of accountants and finance professionals who have met various industry competency standards in England and Wales. To become a chartered accountant and be designated an Associate of the Institute of Chartered Accountants in England and Wales (ACA), ICAEW members must:

  1. Complete 450 days of relevant work experience (generally three to five years)
  2. Pass stringent exams on financial management, auditing, business strategy, taxation and IT

INVESTOPEDIA EXPLAINS 'Institute Of Chartered Accountants In England and Wales (ICAEW'

Similar to most professional trade organizations, the ICAEW helps to ensure that potential employers receive assistance from ACA- and FCA-certified accountants by insisting that its members demonstrate a certain level of expertise. In the United States, the American Institute of Certified Public Accountants performs a similar service, although one needn't be a member to be designated a certified public accountant (CPA).

RELATED TERMS
  1. The Institute Of Chartered Accountants ...

    The world's first professional body of financial bookkeepers. ...
  2. Chartered Accountant - CA

    An accounting designation given to accounting professionals in ...
  3. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
  4. Accountant

    A professional person who performs accounting functions such ...
  5. Security Analyst

    A financial professional who studies various industries and companies, ...
  6. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
Related Articles
  1. Budgeting

    Find The Right Financial Advisor

    Learn how to weed out those who are just out to make a quick buck.
  2. Taxes

    Surviving The IRS Audit

    Keeping thorough records and knowing the penalties make this experience easier than you'd expect.
  3. Brokers

    Top Tax Deductions For Brokers

    If you are paying out of pocket, you can make your business expenses work for you at tax time.
  4. Options & Futures

    The Alphabet Soup Of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  5. Taxes

    Making Sense Of The Tax Code

    If tax rules and regulations are Greek to you, read on to learn how to decipher them.
  6. Fundamental Analysis

    What's a Tangible Asset?

    Tangible assets are property owned by a business that can be touched -- they physically exist. Examples include furniture and fixtures, computer hardware, delivery equipment, leasehold improvements ...
  7. Fundamental Analysis

    Cash Flow From Operating Activities

    Cash flow from operating activities is a section of the Statement of Cash Flows that is included in a company’s financial statements after the balance sheet and income statements.
  8. Fundamental Analysis

    What are the components of shareholders' equity?

    Understanding company valuation figures, such as shareholders' equity, can be a powerful tool in assessing the financial strength of a business.
  9. Fundamental Analysis

    What is the difference between the acid test ratio and working capital ratio?

    Using liquidity ratios to determine the financial stability of a company is an important tool to accounting professionals and investors.
  10. Fundamental Analysis

    What are some examples of return on investment capital?

    Read about some basic examples of return on investment capital for publicly traded companies and companies that have a handful of investors.

You May Also Like

Hot Definitions
  1. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  2. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  3. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  4. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  5. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  6. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
Trading Center