Chartered Accountants Ireland
• Longest established (since 1888)
• Biggest in Ireland – 24,000 members
• Largest educator – over 6,000 students
• ‘Chartered’ – internationally recognised
professional designation
• Leading voice of the accountancy
profession in Ireland
Education Overview
3,000 students on
education
programmes
87 Lecturers
1400 lectures
annually
9 course options
Recognition
Membership
Support
Training
Education
What Makes Us Different?
What do Chartered Accountants do?
Student responses
Does book-keeping 57%
Works in an Accountancy firm 86%
Analyses numbers 71%
Advises on tax/ Audits accounts 43%
What do Chartered Accountants do?
Interprets financial data 27%
Works within companies to manage financial matters 14%
Works in accountancy firms to advise businesses 14%
Manages companies 0%
What do Chartered Accountants do?
Manage
Report
Advise
businesses, solve
problems
for
decision-making
businesses
and individuals
How can EMI make
money with music
downloads?
Should O2 launch their
“48” network?
Where should
Facebook locate?
Practice
Business
35%
65%
A Secure Job
98% employment
Area where there is
a skills shortage
Starting salary 58,000
• So, what do we add to the book-keeping?
Strategic thinking
Analytical skills
Required Competencies
Financial Reporting
Ethics & Professionalism
Management Accounting &
Strategic Thinking & Problem
Solving
Objectivity
Communication
Perceptiveness of own
knowledge, values and
limitations
Managing Self & Others:
Leadership
Finance
Audit & Assurance
Tax & Law
Strategy
IT Awareness
Project Management &
Change Awareness
Stakeholder Management
FAE Core
Finance
Management
Accounting
Professional Education Programme
Auditing &
Assurance
Taxation II
Law for
Accountants
Taxation I
WORK EXPERIENCE & IT
SKILLS
Financial
Accounting
Strategic
Finance &
Management
Accounting
ADVISORY SERVICES
Financial
Reporting
MANAGEMENTACCOUNTING
& FINANCE
FINAL ADMITTING EXAMINATION
FINANCIAL REPORTING
CAP1 &
CAP2
FAE Elective
Online CA Diary
Training Experience
FAE Core (end point!)
The purpose of this course is to develop students’ ability to assess the internal and
external environments and strategic processes affecting organizations (both public
and private) and to enable them to ethically play their part in supporting the
client/management team in their current and future roles – whether as a member of
the management team or as an external advisor
How do we get them there?
• A mix of education and training
Lectures
Workshops/Case days
Assessments
Training element
CA Diary
Education
• Lectures
• Workshops
• Case days
Training
• Work experience requirement
• CA diary
Assessment
•
•
•
•
Terminal examinations
Continuous assessments
Increasing use of case studies
Full case study exams at FAE
What is ethics?
Factors to consider in determining ‘right’ or ‘wrong’ include:
•
•
•
Consequences of the action
Motivation for the action
Inherent ‘rightness’ of the action
Ethics
•
•
What do we teach them?
How do we teach it?
Leaving Certificate
•Suitable? students
Required Competencies
Financial Reporting
Ethics & Professionalism
Management Accounting &
Strategic Thinking & Problem
Solving
Objectivity
Communication
Perceptiveness of own
knowledge, values and
limitations
Managing Self & Others:
Leadership
Finance
Audit & Assurance
Tax & Law
Strategy
IT Awareness
Project Management &
Change Awareness
Stakeholder Management
Entry Options
Option 1
School Leaver
Option 2
Accounting Technicians
Option 3
Third Level
Student studies for one
year with Accounting
Technicians Ireland
Student completes the
Accounting Technician
qualification
Complete a 3rd level
Degree
Must gain a Merit Pass in 1st
year exams and 360 points
in the Leaving Cert.
Can progress to the
Chartered Programme
with exemptions, once the
criteria has been met
Optional Accountancy
Master after some degrees
Can then progress to CAP
1
Study with Chartered
Accountants Ireland and
receive exemptions based
on degree