icaew business planning taxation question bank

Jag's Journey

Sharing my life experiences including the Associate Chartered Accountant (ACA) qualification

How to Pass the “Hardest ACA Exam” BPT: Including Open Book File Made Easy

If you are reading this, you are likely to either be at the dreaded moment where your Business Planning: Taxation (BPT) exam is approaching or you are intrigued about the ACA myth itself. Before you read on, just know that I have been in your position in 2019. It is an unsettling time and initially BPT probably is the most overwhelming ACA exam. That being said I do/did not rate BPT as the hardest ACA exam in the end. I went from 44 in a mock exam (the only one I failed) to achieving 81 in the real exam #notbraggingbutmadeitgreen . I hope this article gives you the confidence you need to pass BPT and I will share what worked for me!

Fun fact: BPT used to be an Advanced Level exam which means you are almost there at this point. Hang in there.

Table of Contents

What is the bpt exam actually like, mastering the skill, approach: should i spend a lot of time recapping tc and learning the content for bpt, bpt summary notes, icaew bpt question bank, model answers, sticky tabs and icaew bookshelf, bpt question reference sheet, walkthrough of my open book, nail your timing of the bpt exam.

I have already provided a breakdown of this exam but I will provide a short recap if you need it. BPT stands for Business Planning: Taxation. Yes, a tax exam. Tax Compliance is the exam where you need to perform the tax calculations itself. BPT however has a different angle. There is much more, wider tax content involved and you are instead required to provide tax advice . You are required to talk through taxes rather than performing the calculations itself although a small degree of this could be asked for.

This 2.5 hour open book exam is extremely, extreeeeemely time pressured but the content is quite consistent in terms of the syllabus areas. It will cover taxation of corporate entities, owner managed businesses and personal taxation. However, each syllabus area has so many different possible combinations of tax laws, topics and scenarios that each exam can be completely different. It also requires a vast amount of application but this does not mean you cannot pick up easy marks.

Easy Marks in BPT?!

Before I get into the more complicated areas and risk you feeling overwhelmed, let’s get you feeling positive . As hard as the exam is rumoured to be and can be, BPT does still have some easy marks available!

A big part of the exam is mastering the skill of identifying the relevant tax rule to the scenario in question. Once you can do this, you can really pick up some easy marks here. By stating the basics of the tax rule you spot applies to the question, with a good open book file which we will come to, you will pick up at least a few marks for each. This is why it is important to get through the whole exam . Spending longer getting deeper into a tax concept will hinder your success if it means you are missing the easy initial marks elsewhere.

At this point you may be thinking, “but Jag, how is that easy when you need to master the skill?” . This is a very good point. Try not to roll your eyes when I say this but the only way to master this skill and to get those easy marks is through practise . These marks are only easy if you put in the work. I kid you not, I went through all 60 ICAEW question bank questions in detail. It took me a very long time to master this skill and this happened after the mock but before the exam, hence my drastic mark increase in the real exam.

Note : If you have read my previous blog , you will know I did take some time off before the exam which is why this was achievable for me. Do not get disheartened if you do not have enough time to do this and it is not necessary to pass. Do as much revision and question practise as you can without burning out!

Do not get me wrong, I did not master this skill entirely of course as there is just way too much content and sneakiness in the exam. It does get easier though. When I first started practising, I was probably picking up about 20% of the relevant taxes in the question. I’d read the answer after a rubbish attempt and be shocked at everything I completely missed. Fast forward to the exam stage after all my question practise I would say this was around 75-85% . Remember, there are actually more marks available for the BPT questions than the maximum number of marks (cha-ching) . Go easy on yourself, you do not need to know it all!

It is not all bad, wishy-washy “just practise” news – I do have some treasure to give you…

Ethics. As an ACA student, you should know by the BPT stage that every exam after Certificate Level will have ethics marks up for grabs. In BPT there are around 5-10% ethics marks . You should aim on maxing out these marks. Ethics is not always simple but you can use your open book to help you on this. Write down all the different ethical scenarios such as tax evasion, avoidance, money laundering and so on. Then match the model answers from the ICAEW question bank to each topic as you go along. You will then have an ethics answer reference guide . All you need to do is ensure you APPLY it to the exam scenario. BPT is all about application.

If you can choose, I would advise sitting BPT after TC . It is however possible to sit/pass BPT first (a girl in my class did). Recap the content from tax compliance (TC) if you have sat this exam prior to BPT but you really do not need to go overboard here. As stated above, BPT focuses much more on tax advice rather than the calculations itself. It is good to have a good understanding of how to do the calculations such as income tax, CGT, etc but you do not need to go overboard nailing the calculations and all the little details. You have already proved/will prove you can do this in TC.

Disclaimer : this is my own personal opinion based on how I approached the exam. I have read around 60% of the marks in the BPT exam are for technical matters already tested in the TC exam . This does not mean you need to do perform 60% of the calculations, although there may be a few. It means you need the understanding to advise which is why you arguably do need to recap the content thoroughly before attempting questions.

My approach was to throw myself into BPT question practise and learn/recap from there. This was usually my approach with the majority of ACA exams. It is up to you which method you prefer but if you do throw yourself in, your debriefs of the answers need to be thorough . This enabled me to identify any weak areas . I would then learn/recap the content so I could get better at is as I went along.

I did take my TC question bank in the exam with me as a comfort blanket . I thought I could find a model answer for a calculation I needed to talk through or show a small part of. However, I did not end up finding it and had to move on . Had I followed my own advice, I would have just missed out the extra hard marks to get the easier ones later on. In reality, I actually did not get to answer all aspects of one of the questions and had to miss marks out. Luckily, it was only a few marks in the end so I was fine but I was worried though.

In terms of the new  BPT content , I would say it is important to have a decent understanding of the new concepts to begin with. However, remember this is a completely open book exam so do not think you need to nail the content first thing. Your understanding will develop as you come to practise the questions . Again, you can spend time learning the content first but practise is key as so much application is required. That being said, I do know someone who did not do too much question practise but still passed. I would say this is very risky though because of how much BPT is a skills based application exam.

Let’s now get to the good stuff, the open book…

Preparing the Open Book File for BPT

Before I start explaining what worked for me , I should highlight the fact that I am aware that ICAEW materials are now digital . This does make it harder to some extent to have the same approach I will outline below. However, it is still feasible and I will add in pointers to help make this doable.

Preparing an open book can be very overwhelming . Tutors would talk about this amazing open book that would have all the answers but did not really go on to reveal any details for how to go about it. Everyone’s approach can be different and so when it came to it, I honestly had no idea where to start. I can now say that a good starting point would be by trying not to reinvent the wheel .

If you are studying with Kaplan / BPP they should provide you with a workbook and summary notes . If not/additionally, ask people at your place of work if they have any good summary notes too as chances are they could do. I did this and these are the notes I used and will show below. Be careful though as tax rules and bands can change from year to year so if you do use other summary notes make sure you update them accordingly. You can also buy these but I do not think this is necessary.

Summary notes are good to use as the basis of the open book file. These would outline the basic knowledge/concepts and then from there you can add key points to it and really build onto it. The building really came along as I did question bank practise and when doing a thorough debrief of the answers . To have a solid open book, you should definitely incorporate the ICAEW BPT Question Bank to know where the marks are.

As stated in “ 5 best ways to Minimise Exam Stress “, I would work backwards from the exam date , plan how many questions I needed to do (60 – leaving some for college) and then pencil these in for specific dates. This worked out to be by practising around one ICAEW Question Bank question a day. In hindsight, what would have worked well is by practising questions with the same key topics on consecutive days . The ICAEW BPT Question Bank should have a contents table at the front to help with this. However, I feel I just planned the questions randomly and it was still fine.

Using my throwing myself in approach, initially with the first 10-15 questions I was really out of my depth . I wouldn’t even actually spend that long attempting the question because I knew I would struggle even with my notes. I would write down the few taxes I could spot that were relevant. This is where having good content knowledge from the onset could help. However, where I really then built up my content knowledge was by spending up to an hour debriefing the model answer. Of course you are never expected to pick up everything but this is where I really started to work on mastering the skill of identifying relevant taxes to the questions.

When going through the answer to a practise question, this is where I would start tying answers into my summary notes and building the file. I would find the relevant section in the summary notes and write down the question reference to have it as a good example to look back to. For example, a small “QB56” above the Seed Enterprise Investment Scheme (SEIS) summary notes. I would then also write down any key parts of the answer that are generic and could be applied to other questions such as good introductions or general things to say.

As time went on, as I had started building the open book file up my confidence began to grow. My content knowledge was getting to where it needed to be so I did not need to completely rely on my notes and I was slowly mastering the skill with time. Once you get to this point, and you WILL get to this point, you will find BPT really isn’t THAT bad. This point for me did come quite close to the exam date but I still got there. The real issue with this exam is timing . You should definitely start practising questions to time as early as you can. I will help you with this further below.

When it came closer to the BPT exam and I had gone through most of the questions (leaving a few unseen for last minute testing), I was now familiar with the most popular topics . I would then write up generic answer sheets for these topics such as residency status, sole trader vs company, etc and have references to the best model answers in the ICAEW Question Bank for these topics too. This meant that if these topics came up in the exam I could start writing straight away but making sure to APPLY THE GENERIC ANSWERS TO THE SCENARIO IN THE EXAM . Application is key in BPT!!  

Fortunately for me, I had a great BPT tutor who also sent out model answer sheets for certain topics that would mean I could quickly pick up the easy marks. For example, a ready to go answer for smaller areas such as SEIS. Remember, these marks are only easy if you have mastered the skill to pick these out.

I lived for sticky tabs for this exam! Timing is the biggest struggle with BPT and so to really help cut out time , sticky tabs were key. I would tie the summary notes and the ICAEW Question Bank together with sticky tabs so it was easy to quickly flick to the relevant parts if this came up in the real exam. I did this as I went along because doing this all at the end would have been very long. I know this is where it gets tricky for the Digital Bookshelf as the ICAEW Question Bank is virtual. However, it will still work well for your summary notes.

My approach was to put sticky notes on my summary note pages where I wanted to flag key topics . I did not need to flag everything because with all this practise over time I knew where to look for some. For example, I may not have put a sticky tab for ‘patent box’ but I would know it came straight after ‘IHT’ that was tabbed. I would then use the same colour tab , in the same position along the side for the ICAEW BPT Question Bank answer. On this tab I would write “QB56” for example to flag where the model answer is. I would also annotate on the answer page to make the reference extra clear.

For the digital bookshelf, like I said you can still do this for your summary notes. You will at least be able to access the topics quickly to then find the relevant question online. I do think this could be much more time consuming though.

Here are ways to get around this :

• Use a BPT question reference sheet , as outlined below. The Question Bank will be built into the exam software and students who have used it recently have stated you can search page numbers. Instead of noting down the QB question, write down the page number
• Some students are getting hardcopy ICAEW BPT Question Banks from other students who had them. Although this may work initially, this is perhaps not a good idea as the content, questions and tax rates update. If you do get it early enough to make all the updates needed then this could work well
• Print out the best model answers you think you will need in the exam so you do not have to flick to the ICAEW Bookshelf
• Avoid overreliance on the ICAEW Question Bank for answers to exam questions. Make sure you know which topics it could be very helpful for. Otherwise, have good annotated summary notes, model answer sheets and your brain for the rest!
• Practise makes perfect – start using the ICAEW Bookshelf from very early on (this goes for the ICAEW exam software too) so you are comfortable with it

As you can tell, I had put in a lot of work to build up my open book file over time. Just because this is what worked for me it does not mean the same approach suits you. You may find you would rather spend more time learning the content initially and start off in a stronger position when first attempting any ICAEW Question Bank questions. It really is up to you how you do this.

I would also like to share another approach I have heard of which seemed to work for others. This is where they would create a table with a list of all the different BPT exam topics . They would then write a reference to the best model answers from the ICAEW Question Bank. In a way this cuts out my step of having to go to the summary notes or to my own model answers first to find the reference. You could actually do both as I did for ethics . It is also likely someone else has produced this reference sheet so ask around and see!

Another open book you are provided with for this exam is the tax tables for the year of your exam. I will keep this very brief as I did not really use these much . This is because all of the relevant rates and details would have been included in the summary notes. It is better to have all details in one place rather than wasting time flicking between different sheets if you can. I did still take this into the exam with me; I actually took in my tabbed up TC version as I sat both in 2019. However, I did not look at this at all in the exam.

As stated above, I took the following materials into my BPT exam:

• My annotated and tabbed BPT summary notes
• ICAEW Question Bank also annotated and tabbed
• My model answers including those sheets provided by my BPT tutor
• Kaplan Integrated Workbook just in case
• Tax tables just in case
• TC ICAEW Question Bank (wasted time)

You may be wondering why I have not mentioned the ICAEW BPT Study Manual . I have not mentioned this because I literally did not look at this at all. In all honesty, I can’t say I have used this for any of the ACA exams as it is way too detailed.

To give you a complete picture of what my open book was like, I have included photos below. You can see how the sticky tabs were used. Remember, these summary notes were sent to me by someone at my firm so you will not recognise these.

For those of you who have joined my journey, I will shortly be sending out a few of the model answers I created and took in to hopefully help you give you some inspiration. If you have not yet joined my journey, join now and you can still get these!

Hopefully you now have a better idea of how to approach studying for the BPT exam and an idea for how you could put together an open book file. Now we need to come onto an extremely important downfall for students sitting BPT, which is timing. This is said to be the most common reason why students fail this exam. Messing up your timing for this exam really does put you in danger as remember, the easy marks are at the initial parts of the question. You therefore need to get there to get these!

As if BPT isn’t complicated enough, you also have to allocate the marks for the exam yourself. You only get told the total marks for the three BPT exam questions, even though these breakdown into much smaller parts. A good idea would therefore be to plan your timing . Take no more than a couple of minutes to allocate marks between each sub-question. As there are 1.5 minutes per mark in this exam, you can calculate how much time you should be spending on each question. See below:

You will not always get this spot on but practising does help you get better at this. Looking carefully at the wording can help here. “Explain with calculations” is of course going to rack up more marks than “describe”. Additionally, you should know the ethics marks will be a maximum of 10% , usually 7 marks, so do not allocate too much time here.

I cannot stress how important timing is. When I first started this exam, it was as if my hands had froze up and I could not type as quickly as I usually could. Given it was already a time pressured exam, this really was not ideal at all. Therefore, by being strict with timing and moving onto the next question when needed really did help me get through.

That’s a wrap – I again would like to state that this blog outlines what worked for me . Hopefully this blog has helped give you an insight into the BPT exam, an idea for how to approach the exam as well as preparing the open book file. It is by no means the “right way”.

Additionally, please do not be alarmed or overwhelmed by how much preparation I did. I have always had the mentality that I need to get through every ICAEW Question Bank for most of the ACA exams. This was my attitude for BPT and is what I did. In all honestly, I probably did not need to put in as much work to pass BPT but I aimed to do as well as I could.

Remember, there is a reason most students rank this as the “hardest ACA exam”. Do not be hard on yourself if you do struggle as most students do. If you need any help or further support from other students, feel free to join this ACA LinkedIn group . You can also post your thoughts and comments below.

21 comments

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Hey, so i am sitting BPT with BST in 3weeks time (roughly have 3weeks of leave (study+annual leave from Monday). I am planning on smashing out around 80% of the QB out (that is 80% of the 59 questions on the QB) and do it roughly 3times – so do each questions or alteast attempt to complete each question 3times around (I follow the same advice I was given for certificates level exams where our tutor told us to do the QB for each exam at least twice. I just do it more 1round for my own self-assurance).

As a BPT is such a skill-based exam (so, like not similar to FAR or FM where the format of the question would be pretty similar but you just need to do know the technical knowledge), do you think its better to do 3rounds but only complete around 80% of the paper or try and do every single ques on the QB?

Also for BST, how many question did you actually attempt to complete or would advice any one sitting it with BPT to complete?

Side note: Your blog is very nice to read as the experience you have wrote about is very similar to what i currently experiences. Would love to know/read more of your experience of how you find working at the BIG4 as an AM and before, as a senior (I am going to be a senior at the Big4 in Sept and contemplating on whether its really worth sticking to Audit and move up the chain or switch to something else).

The first thing I would say on this is that doing the QB three times for Professional Level, especially BPT is likely to be more counter-productive. With Certificate Level, this advice is much more appropriate given how short the questions are and how quickly you can get through them. Professional Level exams require much more time to get through each questions. For example, for BPT to get through even a shorter question could still take up to two hours to practice, mark and debrief. You also need to factor in the time to really build on your open book file from this.

I would therefore definitely not advise trying to go through the QB three times for this. This will avoid: 1) burnout 2) ineffectiveness

Getting through the QB for Professional Level, including BPT is enough to do once. As long as you really do take the time to go through the answers and build the skills you need to do well in this exam. As mentioned, you also need to take the time to build in model answers from the QB into your open book file. The issue of repeating questions in BPT is that you may remember what taxes were relevant to the question because you have seen it before rather than actually knowing how to pull out the relevant taxes if it was an unseen question.

In terms of completing the paper, BPT is extremely time pressured. However, the easy marks are at the start of each question as you can get the marks for stating the basics of the relevant taxes you can pick out. I would always recommend for BPT to try to get through the whole paper instead of 80%. This is so rather than wasting time on the harder marks and missing those easier you can pick these all up.

For BST I found I was quite good at based on the progress test and mock exams I sat. I was already achieving 70+ so I felt quite confident for this one. For that reason, I did not do too much extra practice. I will be releasing a blog on this next Thursday but I probably spent one weekend going through and reading up on answers. Where I did practice was with the number analysis type questions as I found I could definitely improve on that and it would be beneficial to the exam.

I will definitely consider writing a blog on this! One thing I will say is that with audit you will continue to learn and grow. It is definitely a great starting point. Assess it each month or year and see where it goes or if you feel you are ready to move on.

All the best!

Thank you for the quick reply and detailed advice – very much appreciated. I guess I will switch my revision plan around to try and complete all the questions on the QB (never done that before but first time for everything) rather than only doing the majority of the ques but 2x/3x. I have actually bought an open book (BPT) notes online (from this site called ACAMasters) – so sorted for that but never thought of putting model answers from the QB into them – so that’s a great little tip!! Thank you again and I look forward to reading your future blogs!

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Hi Jag! Thanks for the post. I’m about to retake this exam and I wondered if you had any pointers on know which points are relevant and which aren’t? I sat a marked mocked yesterday and found a lot of the points I was making were not earning any marks. Any tips would be useful! Thanks in advance

No worries at all!

BPT can honestly be so difficult to pick out what is relevant and what is not but I really do think it comes with practice.

I think what could help in your situation is perhaps to thoroughly go through the same question again with the mark scheme and see what parts of the question/scenario triggered each part of the answer. It would also help by debriefing the other way to see why your points that gained no marks were not relevant as you may find there could be rules you are missing causing the tax not to be relevant in the given scenario. If you really take the time to go through this hopefully things start to click and fall into place.

As you are perhaps short of time with the exam being next week, I would recommend asking your tutor (assuming you have a training provider) to help explain why. Hopefully it is just small tweaks of knowledge to get you in the right direction.

I would also suggest trying a few new questions and doing answer plans to see if you start to spot key things that come up and help identify relevant taxes although there are so many.

All the best with your exam next week and fingers crossed for you!

Thank you so much for your advice Jag! I kept this in mind as I just sat the exam. Fingers crossed it went well! Thanks once again

No worries at all Faith – I hope the outcome is positive for you 🤞🤞

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Thank you Jag for all the tips! This has been very helpful. I am in the process of preparing for BPT, which I am sitting in December. Would you say BPT is more challenging than SBM, CR and Case Study? Just wondering what to expect next year.

No worries and good luck for BPT in December!

If you have seen my difficulty ranking: https://www.youtube.com/watch?v=BpKai9bELj0 I go into some detail about this where I did actually find CR to be more difficult than BPT. CR I found to be the hardest ACA exam and then BPT second. This is because with the BPT content, after a lot of question practice once you grasp the content the main difficulty comes with timing. However, with CR there is SO much content that can actually be very difficult to apply that the exam I felt did really increase in difficulty.

In this video I talk about why I almost failed CR which may be of interest: https://www.youtube.com/watch?v=Gu6bXPKUFGE . I think had my exam not have been so difficult, I would not have felt this way but because of the exam I had, I really did experience how difficult it can be.

I hope this helps!

Tried to contact you via email, it would be super helpful if we could organise a chat!

Hi Tej, I have just emailed you!

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Our BPT tuition is extremely exam focused and once a topic has been taught, we will develop your exam technique by teaching you the most effective way to answer exam questions on that topic. The learning strategies and exam techniques you will be taught resulted in your tutor winning an ICAEW prize and several of our students scoring over 90%. Notably, our two highest BPT scores (95% and 96%) were both achieved by resit students, proving that our guidance and tutoring skills create a vast level of improvement in student exam performance. This tuition approach has resulted in several of our students also winning prizes.

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Having understood the technical content and exactly how you should be approaching a particular type of BPT exam question, you can then go and attempt similar past exam questions to put these prize-winning exam technique skills to the test and watch your marks drastically improve - hopefully you will join our growing list of prize winners!

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Book Description Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,750grams, ISBN:9781783637539. Seller Inventory # 8716623

Professional Level

The study packs for each Professional Level module include a:

• Self-test questions and worked examples;
• Study guide;
• Module syllabus; and
• Skills and technical knowledge grids
• Question bank

Make sure to visit the Exam Resources pages where you can access questions within the practice exam software, articles, errata sheets, study tips, examiner guidance, and study webinars that help to put your learning into context.

Professional Level Audit and Assurance

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Professional Level Business Planning: Banking

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ICAEW Business planning & Taxation

The ICAEW Business Planning: Taxation (BPT) exam focuses on the importance of taxation knowledge in business planning within a professional context. This includes a thorough grasp of tax strategies, applying tax laws to business scenarios, evaluating tax implications for business decisions, and understanding the key role of taxation in strategic business planning and financial management.

ACA Professional Level 2024 Classroom Dates

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Our course includes

• 10 days of classroom based tuition 
• Tutor support
• Access to ICAEW's materials
• Bespoke course notes & slides
• Minimum of 2 marked mock exams with feedback

Frequently asked questions

The exam is 2.5 hours and will consist of three questions covering a range of taxes as well as tax planning. The pass mark is 55%.

For more information on how to book your exam, click here

The ICAEW has certain entry requirements which can be found here.

Alternatively to these requirements you can complete the CFAB (ICAEW Certificate level) qualification to gain entry to the ICAEW qualification.

The ICAEW (Institute of chartered accountants in England and Wales) Chartered Accountant qualification, the ACA, is one of the most advanced learning and professional development programmes available. It is valued around the world in business, practice and the public sector.

It involves passing a series of exams, gaining relevant work experience, and fulfilling professional ethics requirements, thereby preparing candidates for senior roles in accountancy, management, and consultancy.

Click here to find out more about the ACA qualification.

The ICAEW CFAB (Certificate in Finance, Accounting and Business) qualification is a internationally recognised certificate that teaches essential knowledge in business, finance and accounting.

It comprises six exams that cover key aspects of financial and management accounting.

Upon completion, it provides a pathway to the ICAEW qualification.

Click here  to find out more about the ICAEW CFAB qualification.

At MPES, we provide the opportunity to take up to two exams each quarter, specifically during the months of June, September, and December. We advise enrolling in one or two exams per session to finish the professional level within one to two years.

Should you choose to take one exam per session, it's recommended that you complete both Tax exams (TC & BPT) within the same year, as these are updated annually to reflect the new tax year.

To sit for your exams and achieve the qualification, you must register as an ICAEW CFAB student with the ICAEW.

Click here to register as an ICAEW CFAB student.

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ICAEW Professional Level

A key level towards becoming a fully qualified ICAEW Chartered Accountant, we have delivered the ICAEW ACA qualifications for over 30 years. All our ICAEW ACA courses are delivered using our data driven learning methodology, BPP Momentum, with industry leading pass rates averaging over 90% across all Professional and Advanced papers.

Buy your ICAEW course online

• Online & face-to-face options
• Start times to suit your busy schedule
• Course types to fill specific knowledge gaps

View and buy courses

Got a question? Call us on +44 (0)3300 603 100

ACA Professional Structure and Syllabus

You will need to pass 6 exams to complete this level, which can be taken in any order and are all computer-based. Each Professional Level exam is assessed by a 2.5-hour exam, except for Financial Accounting and Reporting, which is 3 hours.

Is your employer paying for your courses?

Call us on +44 (0) 3300 603 100 to get started.

Entry requirements and exemptions

To enter this level, you need to pass the  ICAEW Certificate in Finance Accounting and Business (CFAB)  or  AAT Level 4 Professional Diploma in Accounting  or equivalent. If you hold a relevant degree or qualification, you may be able to apply for an exemption. To find out more, visit  ACA Credit for prior learning.  

Funding options

Maximise your chances of exam success with BPP Momentum

Designed to train employees in leading accountancy firms, our unique approach focuses entirely on your exam success.

Find out more

Study modes to suit your lifestyle

We have a number of flexible study modes available depending on how you like to learn.

Recommended Online Classroom Live

Interactive live online sessions at scheduled times at daytime, evening and weekend slots, utilising the premium Adobe Connect software.

Online Classroom

Pre-recorded lectures delivered by our expert tutors to study at a time, pace and location that suits you.

Face-to-face

Study in a classroom at one of our conveniently located UK study centres, providing the structure and discipline of physical teaching.

The material provided by BPP is of a high standard and volume. Teachers will guide you through a comprehensive set of notes and provide a highly detailed textbook and summary cards should you require further guidance outside the class. BPP provides an online learning environment containing the course material, practice questions and lectures allowing you to recap and test yourself at your own pace. Without this, I do not think I could pass the course!

Jack Murphy, Accountancy student, BDO

Elektrostal

Elektrostal Localisation : Country Russia , Oblast Moscow Oblast . Available Information : Geographical coordinates , Population, Area, Altitude, Weather and Hotel . Nearby cities and villages : Noginsk , Pavlovsky Posad and Staraya Kupavna .

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Elektrostal Demography

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Geographic Information regarding City of Elektrostal .

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Elektrostal Sunrise and sunset

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Elektrostal Hotel

Our team has selected for you a list of hotel in Elektrostal classified by value for money. Book your hotel room at the best price.

Elektrostal Nearby

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Elektrostal, visit elektrostal, check elektrostal hotel availability, popular places to visit.

• Electrostal History and Art Museum

You can spend time exploring the galleries in Electrostal History and Art Museum in Elektrostal. Take in the museums while you're in the area.

• Cities near Elektrostal

• Places of interest
• Yuri Gagarin Cosmonaut Training Center
• Central Museum of the Air Forces at Monino
• Peter the Great Military Academy
• History of Russian Scarfs and Shawls Museum
• Balashikha Arena
• Ramenskii History and Art Museum
• Balashikha Museum of History and Local Lore
• Bykovo Manor
• Pekhorka Park
• Malenky Puppet Theater
• Drama Theatre BOOM
• Likino Dulevo Museum of Local Lore
• Pavlovsky Posad Museum of Art and History
• Saturn Stadium
• Noginsk Museum and Exhibition Center
• Fairy Tale Children's Model Puppet Theater
• Fifth House Gallery
• Church of Vladimir
• Malakhovka Museum of History and Culture
• Orekhovo Zuevsky City Exhibition Hall

Discover the latest MyICAEW app for ACA students and members, available to download now. Find out more

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From software start-ups to high-flying airlines and high street banks, 98% of the best global brands rely on ICAEW Chartered Accountants. A career as an ICAEW Chartered Accountant means the opportunity to work in any organisation, in any sector, whatever your ambitions.

Everything you need to know about ICAEW annual membership fees, community and faculty subscriptions, eligibility for reduced rates and details of how you can pay.

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• Continuing Professional Development (CPD)

Continuing Professional Development (CPD) is an integral part of being a successful ICAEW Chartered Accountant.

The ICAEW Chartered Accountant qualification, the ACA, is one of the most advanced learning and professional development programmes available. It is valued around the world in business, practice and the public sector.

ACA for employers

Train the next generation of chartered accountants in your business or organisation. Discover how your organisation can attract, train and retain the best accountancy talent, how to become authorised to offer ACA training and the support and guidance on offer if you are already providing training.

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Focusing on professional scepticism, ethics and everyday business challenges, our training films are used by firms and companies around the world to support their in-house training and business development teams.

Attract and retain the next generation of accounting and finance professionals with our world-leading accountancy qualifications. Become authorised to offer ACA training and help your business stay ahead.

CPD guidance and help

Continuing Professional Development (CPD) is an integral part of being a successful ICAEW Chartered Accountant. Find support on ICAEW's CPD requirements and access resources to help your professional development.

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ICAEW boasts an extensive portfolio of industry-leading conferences. These flagship events offer the opportunity to hear from and interact with all the key players in the industry. Find out what's coming up.

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ICAEW Academy’s in-depth leadership development programmes take a holistic approach to combine insightful mentoring or coaching, to exclusive events, peer learning groups and workshops. Catering for those significant transitions in your career, these leadership development programmes are instrumental to achieving your ambitions or fulfilling your succession planning goals.

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Whatever future path you choose, ICAEW will support the development and acceleration of your career at each stage to enhance your career.

Why a career in chartered accountancy?

If you think chartered accountants spend their lives confined to their desks, then think again. They are sitting on the boards of multinational companies, testifying in court and advising governments, as well as supporting charities and businesses from every industry all over the world.

• Why chartered accountancy?

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Matching highly skilled ICAEW members with attractive organisations seeking talented accountancy and finance professionals.

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Helping skilled and in-demand chartered accountants give back and strengthen not-for-profit sector with currently over 2,300 organisations posting a variety of volunteering roles with ICAEW.

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From as little as £495, access to a pool of highly qualified and ambitious ACA qualified members with searchable CVs.

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All ACA learning materials are now digital only. Read our guide on how to access your learning materials on the ICAEW Bookshelf via the BibliU app, or through your browser.

• Read the guide

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Once you are registered as an ACA student, you'll be able to access your training file to log your progress throughout ACA training.

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System status checks

Getting started.

Welcome to ICAEW! We have pulled together a selection of resources to help you get started with your ACA training, including our popular 'How To' series, which offers step-by-step guidance on everything from registering as an ACA student and applying for CPL, to using your online training file.

Credit for prior learning (CPL)

Credit for prior learning or CPL is our term for exemptions. High quality learning and assessment in other relevant qualifications is appropriately recognised by the award of CPL.

Apply for exams

What you need to know in order to apply for the ACA exams.

The ACA qualification has 15 modules over three levels. They are designed to complement the practical experience you will be gaining in the workplace. They will also enable you to gain in-depth knowledge across a broad range of topics in accountancy, finance and business. Here are some useful resources while you study.

• Exam results

You will receive your results for all Certificate Level exams, the day after you take the exam and usually five weeks after a Professional and Advanced Level exam session has taken place. Access your latest and archived exam results here.

Training agreement

Putting your theory work into practice is essential to complete your ACA training.

Student support and benefits

We are here to support you throughout your ACA journey. We have a range of resources and services on offer for you to unwrap, from exam resources, to student events and discount cards. Make sure you take advantage of the wealth of exclusive benefits available to you, all year round.

• Applying for membership

The ACA will open doors to limitless opportunities in all areas of accountancy, business and finance anywhere in the world. ICAEW Chartered Accountants work at the highest levels as finance directors, CEOs and partners of some of the world’s largest organisations.

ACA training FAQs

Do you have a question about the ACA training? Then look no further. Here, you can find answers to frequently asked questions relating to the ACA qualification and training. Find out more about each of the integrated components of the ACA, as well as more information on the syllabus, your training agreement, ICAEW’s rules and regulations and much more.

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Guidance and resources to help members comply with their legal and professional responsibilities around AML.

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ICAEW Technical Releases are a source of good practice guidance on technical and practice issues relevant to ICAEW Chartered Accountants and other finance professionals.

• ICAEW Technical Releases
• Thought leadership

ICAEW's Thought Leadership reports provide clarity and insight on the current and future challenges to the accountancy profession. Our charitable trusts also provide funding for academic research into accountancy.

• Academic research funding

Technical Advisory Services helpsheets

Practical, technical and ethical guidance highlighting the most important issues for members, whether in practice or in business.

• ICAEW Technical Advisory Services helpsheets

Bloomsbury – free for eligible firms

In partnership with Bloomsbury Professional, ICAEW have provided eligible firms with free access to Bloomsbury’s comprehensive online library of around 80 titles from leading tax and accounting subject matter experts.

• Bloomsbury Accounting and Tax Service

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Our resources by country provide access to intelligence on over 170 countries and territories including economic forecasts, guides to doing business and information on the tax climate in each jurisdiction.

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Thought leadership, technical resources and professional guidance to support the professional development of members working in specific industries and sectors.

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The audit, assurance and internal audit area has information and guidance on technical and practical matters in relation to these three areas of practice. There are links to events, publications, technical help and audit representations.

The most up-to-date thought leadership, insights, technical resources and professional guidance to support ICAEW members working in and with industry with their professional development.

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Companies, advisers and investors making decisions about creating, developing and acquiring businesses – and the wide range of advisory careers that require this specialist professional expertise.

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Corporate governance is the system by which companies are directed and controlled. Find out more about corporate governance principles, codes and reports, Board subcommittees, roles and responsibilities and shareholder relations. Corporate governance involves balancing the interests of a company’s many stakeholders, such as shareholders, employees, management, customers, suppliers, financiers and the community. Getting governance right is essential to build public trust in companies.

Corporate reporting

View a range of practical resources on UK GAAP, IFRS, UK regulation for company accounts and non-financial reporting. Plus find out more about the ICAEW Corporate Reporting Faculty.

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View articles and resources on the financial services sector.

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For ICAEW's members in practice, this area brings together the most up-to-date thought leadership, technical resources and professional guidance to help you in your professional life.

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Many ICAEW members work in or with the public sector to deliver public priorities and strong public finances. ICAEW acts in the public interest to support strong financial leadership and better financial management across the public sector – featuring transparency, accountability, governance and ethics – to ensure that public money is spent wisely and that public finances are sustainable.

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Sustainability describes a world that does not live by eating into its capital, whether natural, economic or social. Members in practice, in business and private individuals all have a role to play if sustainability goals are to be met. The work being undertaken by ICAEW in this area is to change behaviour to drive sustainable outcomes.

The Tax area has information and guidance on technical and practical tax matters. There are links to events, the latest tax news and the Tax Faculty’s publications, including helpsheets, webinars and Tax representations.

Keep up-to-date with tech issues and developments, including artificial intelligence (AI), blockchain, big data, and cyber security.

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Guidance and resources on key issues, including economic crime, business law, better regulation and ethics. Read through ICAEW’s Code of Ethics and supporting information.

Communities

ICAEW Communities

Information, guidance and networking opportunities on industry sectors, professional specialisms and at various stages throughout your career. Free for ICAEW members and students.

• Discover a new community

ICAEW Faculties

The accountancy profession is facing change and uncertainty. The ICAEW Faculties can help by providing you with timely and relevant support.

• Choose to join any of the faculties

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We have teams on the ground in: East of England, the Midlands, London and South East, Northern, South West, Yorkshire and Humberside, Wales and Scotland.

• Access your UK region
• Worldwide support and services

Support and services we offer our members in Africa, America, Canada, the Caribbean, Europe, Greater China, the Middle East, Oceania and South East Asia.

• Discover our services

ICAEW Faculties are 'centres of technical excellence', strongly committed to enhancing your professional development and helping you to meet your CPD requirements every year. They offer exclusive content, events and webinars, customised for your sector - which you should be able to easily record, when the time comes for the completion of your CPD declaration. Our offering isn't exclusive to Institute members. As a faculty member, the same resources are available to you to ensure you stay ahead of the competition.

Communities by industry / sector

Communities by life stage and workplace, communities by professional specialism, local groups and societies.

We aim to support you wherever in the world you work. Our regional offices and network of volunteers run events and provide access to local accounting updates in major finance centres around the globe.

• Ukraine crisis: central resource hub

Learn about the actions that ICAEW members are taking to ensure that their clients comply with sanctions imposed by different countries and jurisdictions, and read about the support available from ICAEW.

Insights pulls together the best opinion, analysis, interviews, videos and podcasts on the key issues affecting accountancy and business.

• See the latest insights
• Making COP count

This series looks at the role the accountancy profession can play in addressing the climate crisis and building a sustainable economy.

• Read more on COP28

Professional development and skills

With new requirements on ICAEW members for continuing professional development, we bring together resources to support you through the changes and look at the skills accountants need for the future.

• Visit the hub

When Chartered Accountants Save The World

Find out how chartered accountants are helping to tackle some of the most urgent social challenges within the UN Sustainable Development Goals, and explore how the profession could do even more.

• Read our major series

Insights specials

A listing of one-off Insights specials that focus on a particular subject, interviewing the key people, identifying developing trends and examining the underlying issues.

Top podcasts

Insights by topic.

ICAEW Regulation

• Regulatory News

View the latest regulatory updates and guidance and subscribe to our monthly newsletter, Regulatory & Conduct News.

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Strengthening trust in the profession

Our role as a world-leading improvement regulator is to strengthen trust and protect the public. We do this by enabling, evaluating and enforcing the highest standards in the profession. 

Regulatory applications

Find out how you can become authorised by ICAEW as a regulated firm. 

ICAEW codes and regulations

Professional conduct and complaints, statutory regulated services overseen by icaew, regulations for icaew practice members and firms, additional guidance and support, popular search results.

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HMRC warns of VAT bank details fraud

Author: ICAEW Insights

Published: 26 Apr 2024

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A business can update its VAT details with HMRC online or using paper form VAT 484. This includes the business’ contact information, return dates and bank details. HMRC has reported that VAT 484 has been used in fraudulent attempts to gain access to businesses’ VAT repayments.  HMRC is taking action to address this issue, including writing to businesses to confirm changes made to their details since January 2024. 

ICAEW’s Tax Faculty is urging businesses to act now to ensure that they are not caught out. This includes checking that the bank details are correct in the business’ tax account, and that any expected repayments have been received.  Although it is primarily repayment traders that have been targeted, the Tax Faculty is aware of at least one case where the business was normally in a payment position. All VAT-registered businesses should remain vigilant. 

Members who come across this are encouraged to send details to Ed Saltmarsh .

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