The English language skills to succeed in the global financial environment.
To help finance professionals demonstrate that they have the financial English skills they need, University of Cambridge ESOL Examinations (English for Speakers of Other Languages) and ACCA (the Association of Chartered Certified Accountants) have combined their areas of expertise to develop the International Certificate in Financial English (Cambridge ICFE).
Cambridge ICFE is a high-level, internationally recognised qualification for aspiring and established finance professionals. For aspiring professionals, Cambridge ICFE can enhance your CV. For professionals with established careers, it can be used to certificate existing language skills and provide proof of ability to work in an international context. For employers, it gives confidence in employees’ abilities to conduct business internationally or with international clients and colleagues.
The exam is set at levels B2 and C1 of the Common European Framework for Languages (CEFR) and assesses language skills in the context of finance and accounting. B2 is equivalent to the Cambridge First Certificate in English (FCE), and C1 is equivalent to the Certificate in Advanced English (CAE). Exams at the C1 level may be used as proof of language necessary to work in an international context or to follow a course of study related to finance at university level.
Aims of the ICFE assessment
- to assess candidates’ ability to operate in English in an international finance environment
- to allow candidates to demonstrate to employers their ability to communicate in English with clients
- to allow candidates to demonstrate to educational and training institutions their ability to follow a course of study in finance and accounting where significant portion of the instruction is in English
- to have positive and beneficial impact on the content and delivery of English language training courses for finance and accounting professionals
- to provide an examination to do this which is fair to all candidates and which is delivered to international standards
- to allow test users to compare candidates’ results with other qualifications with are linked to the CEFR
To pass Cambridge ICFE, candidates need to achieve a level of English of at least B2 on the Council of Europe’s Common European Framework of Reference for Languages (CEFR).
Candidates are expected to be familiar with some finance and accountancy concepts and terminology.