ICAS unveils Ministry of Defence qualification partnership

The Institute of Chartered Accountants of Scotland (ICAS) has launched a new qualification in partnership with the Ministry of Defence (MOD), which promises to open doors to a range of business roles following military personnel’s time in service. It comes as the MOD has officially approved ICAS as a learning provider on its Enhanced Learning Credits Scheme – an initiative that promotes “lifelong learning” for armed forces members and veterans. ICAS’ Certificate in Accountancy and Business (CAB) qualification is a professional certification designed to develop practical expertise in key areas of accountancy, business and finance. The qualification is ideal for service members aiming to transition into civilian roles. With a syllabus covering essential topics such as ethics, financial reporting, assurance, taxation, business law and finance management, the CAB ensures participants gain “a comprehensive foundation of knowledge to set them on the path to success”. Bruce Cartwright CA, CEO at ICAS, said: “It’s vital that military personnel have access to learning opportunities that empower and enable them to pursue new career paths. With no prior business or accountancy knowledge required, our CAB programme caters to all. It not only upskills individuals, but also boosts their confidence, helps them gain credibility in a variety of sectors, and enables them to stand out in a competitive job market. “We are grateful to the MOD for recognising ICAS as an approved learning provider and look forward to supporting service men and women in their next chapters.” Alistair Carns DSO OBE MC MP, minister for veterans and people, added: "It's crucial that we foster a culture of continuous learning for all of our service personnel, from new recruits to veterans. This new partnership with the Institute of Chartered Accountants of Scotland is a fantastic opportunity for our people to build on their existing skills and gain valuable qualifications. “By supporting our armed forces family with their professional development, we are not only enhancing their careers during military service but also preparing them for a bright future in the civilian workforce. The government is committed to renewing the contract with those who serve, and those who have served, which includes setting them up for success wherever they go next.”