CFAB Examination Details

The Certificate in Finance, Accounting and Business ( CFAB ) has been developed by the Institute of Chartered Accountants in England and Wales (ICAEW).

The qualification aims to give you a fundamental knowledge of finance, accounting and business, regardless of the occupation you work in.

There will be six modules based on the following subjects:

1. Accounting

2. Assurance

3. Business & finance

4. Law

5. Management Information

6. Principles of Taxation

Find below details of a summary of each module to give you a greater understanding of what topics will be covered during your course preparation with Green Turn.

OUR SUPPORT DURING THE PROCESS

1. Accounting

Course Outline:

The aim of this module is to ensure that students have a sound understanding of the techniques of double entry accounting and that they can apply its principles in recording transactions, adjusting financial records and preparing non-complex financial statements. Our courses are designed to focus on the most critical aspects of the syllabus:

• Maintaining financial records, incorporating the use of double-entry accounting techniques
• Adjustments to accounting records and financial statements; includes identifying and correcting omissions and errors in accounting records and financial statements
• Preparing financial statements; includes specifying the components of financial statements and preparing and presenting non-complex accounts for sole traders, partnerships and limited companies

Course duration:

Teaching course duration is two days

2. Assurance

Course Outline:

The aim of this module is to ensure students understand the assurance process and fundamental principles of ethics. It will enable students to be able to contribute to the assessment of internal controls and gathering of evidence on an assurance engagement. Our courses are designed to focus on the most critical aspects of the syllabus including:

• The concept, process and need for assurance
• Internal controls
• Substantive testing
• Professional ethics

Course duration:

Teaching course duration is two days

3. Business & Finance

Course Outline:

The aim of this module is to ensure that students have a sound understanding of how businesses operate and how accounting and finance functions support businesses in achieving their objectives. Our courses are designed to focus on the most important aspects of the syllabus including:

• • Business objectives and functions; includes the objectives of a business, developing a business strategy and risk management
• • Business structure; includes the different forms a business can take
• • The role of finance and accounting; includes the role of financial information and how it helps business stakeholders
• • The role of the accountancy profession; includes the importance of the accountancy profession to business
• • Governance and ethics topics; includes the need for good corporate governance and ethical behaviour
• • External environment; includes the key macro and micro economic issues which will impact a business

Course duration:

Teaching course duration is two days

4. Law

Course Outline:

The aim of this module is to provide students with an understanding of how the law may have an impact on professionals in a business context. Set at the Knowledge Level of the syllabus, the underlying purpose of the module is to allow students to appreciate the basic principles of English law and how they may be encountered in business or professional practice.

Students will recognise the significant impact legal rules have on the administration of Companies and Partnerships.

Our courses are designed to focus on the most important aspects of the syllabus:

• Contract law: how a contract is formed and discharged
• Professional negligence: the essential elements that need to be shown to the courts to succeed in a claim
• Company law: the concept of the company being a separate legal personality
• Criminal law: in particular, whistle-blowing, fraudulent trading and insider dealing
• Employment law: the different claims available to employees once dismissed

Course duration:

Teaching course duration is two days

5. Management Information

Course Outline:

The aim of the module is to enable students to prepare essential financial information for the management of a business.

Our courses are designed to focus on the most important aspects of the syllabus, teaching students to:

• Establish the costs associated with the production of products and provision of services and use them to determine prices
• Select appropriate budgeting approaches, methods and preparation of budgets
• Identify key features of effective performance management systems, select appropriate performance measures and calculate differences between actual performance and standards or budgets
• Identify and calculate relevant data for use in management decision making

Course duration:

Teaching course duration is two days

6. Principles of Taxation

Course Outline:

The aim of this module is to ensure students gain a strong understanding of the general objectives of taxation and can calculate income tax, National Insurance contributions, capital gains tax, corporation tax and VAT in straightforward scenarios. Our courses are designed to focus on the most important aspects of the syllabus including:

• • Objectives and impact of taxation and the different types of tax and who is liable for them
• • Ethics and administration of these taxes
• • Income tax and National Insurance contributions (including sole traders, partnerships and employees)
• • Capital gains tax and corporation tax on gains (including the difference between individuals and companies)
• • Corporation tax
• • VAT

Course duration:

Teaching course duration is two days

ICAEW E-Assessment Exam Details

Each module exam will be 1.5 hours long Computer-based E-Assessments. The required pass mark for each exam is 55 percentile.

Preparation with Green Turn gives you the comfort of success at first attempt evidenced with our 100% Pass success rate.

CFAB COURSE DETAILS

Course Objective - CFAB

The purpose of this course is to enable students to have a shared level of fundamental knowledge of accounting, finance, and business. Students will be awarded a CFAB Certificate by ICAEW upon successful completion of all the six computer-based assessments.

The main difference between ACA and CFAB is that the ACA qualification is for those who wish to become a Chartered Accountant. CFAB is a gateway to the ACA.

Who is the CFAB course for?

This course is suitable for students who would like to pursue their career in accountancy, business and finance related fields.

Price

Total Fee for the whole course is £2,100 inclusive of VAT. Preparation for each module costs £350 including the ICAEW study materials fee.

Benefits of studying CFAB

• CFAB is awarded by ICAEW, one of the most renowned accountancy body in the world, which will get you recognised accreditations on areas of Finance, Accounting and Business.
• CFAB is regarded as the gateway to the prestigious qualification ACA (Associate of the Institute of Chartered Accountants in England and Wales). On successful completion of CFAB, you will be exempt from the ACA’s professional stage e-assessment parts, which consist of the same modules as CFAB.
• We believe in flexible learning structure so you will get the opportunity to study during the evenings or at weekends, as most of our consultants work during the weekdays. You can expect to finish all the six modules in less than a year. Studying with Green Turn will equip you with required skills, knowledge and confidence to pass all exams at the first attempt.
• CFAB is a great way to enhance your CV credibility and gives a clear impression on your preferred career in Finance, Accounting and Business world.
• CFAB assessments are all computer-based which can be taken at varied and flexible UK-wide exam centres. This also gives you the comfort of taking the exam at your own pace.
• With Green Turn you expect great support and network of an experienced resource. You will receive continuous support from us and ICAEW. We use ICAEW’s official materials for all of our training and teaching. Our big four trained, qualified tutors are more than happy to offer you support all the way through.

Duration

At Green Turn each CFAB exam preparation course is designed as a part-time i.e. over the duration of 4 weekends.

Most of our class size falls less than 60 students. This ensures great comprehension and learning track for one to one coaching at Green Turn.

How to Enrol in our CFAB preparation course

Please contact a member of our team to enrol yourself in the CFAB course. Please feel free to discuss with us if you have any queries before the course enrolment.

Course Arrangement During 2025 and 2026

The Certificate in Finance, Accounting and Business (CFAB) course is structured into six modules, with six computer-based e-learning assessments by the institute.

At Green Turn we have planned to deliver the lectures on the weekends, the course schedule for the following months in 2025 is as follows:

• February: 2nd to 24th
• March: 2nd to 24th
• May: 4th to 26th
• June: 1st to 23rd
• August: 31st
• September: 1st to 29th
• October: 5th to 27th
• November: 2nd to 24th

Course format for the upcoming month and same structure follows on for the rest of the year.