ICFE – Cambridge International Certificate in Financial English

This course is offered at least 2 times during the year, a 30 hour course that meets over 10 weeks, three hours per class.  Its purpose is to prepare its attendees to sit for the University of Cambridge International Certificate in Financial English exam.

Coursework is completed in an interactive fashion with attendees working both individually and in teams.  Current financial and economic topics, vocabulary, and trends are covered, with a focus on error correction and proper pronunciation.

Fee for the ICFE Preparatory Course in 2011 is €775 and is subject to our standard rules and disclaimers.

The following information is taken from the University of Cambridge ESOL website:

Developments such as International Accounting Standards (IAS) are creating international career opportunities for professional accountants. It is essential for individuals who wish to succeed in the international business community to possess first-rate English language skills and the ability to converse with accounting and finance professionals.

To meet the demand for helping finance professionals demonstrate they have the financial English skills they need, University of Cambridge ESOL Examinations and ACCA (the Association of Chartered Certified Accountants) have combined to develop the International Certificate in Financial English (Cambridge ICFE).

Cambridge ICFE is set at Levels B2—C1 of the Common European Framework of Reference —an internationally recognised benchmark of language ability.

This certificate can be used as proof of the ability in English necessary to work in an international finance context or to follow a course of accountancy or finance study at university level.

Is Cambridge ICFE for you?

Do you…

  • have a good working knowledge of English?
  • want to develop those skills to work in accountancy or finance?

If so, Cambridge ICFE could be the right exam for you.

The exam

The exam consists of four separate papers testing reading, writing, listening and speaking, which together last just under 3.5 hours (not including breaks). The tasks are based on tasks and topics that finance professionals would expect to encounter in their daily lives, such as:

  • financial reporting
  • insurance
  • investment banking
  • ethics and professionalism
  • accounting software
  • assets and company valuations
  • acquisitions and mergers.

Results

Test results are normally reported approximately six weeks after the test date. Levels of performance in the exam are distinguished by a range of passing and failing grades.

The passing grades are B2 Pass, C1 Pass and C1 Pass with Merit.

All candidates receive a Statement of Results showing their overall grade and their performance on each of the four papers. Candidates who achieve a passing grade will also receive a certificate awarded by University of Cambridge ESOL Examinations.

Recognition

ICFE is recognised around the world by accountancy firms, educational organisations, government agencies, immigration authorities and professional bodies.

About ACCA

ACCA is the largest and fastest-growing global professional accountancy body with 296,000 students and 115,000 members in 170 countries. Its aim is to offer the first choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

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