New education offering

Chartered Accountants Ireland, Ireland’s leading accountancy body, has launched a new education programme for its 6,665 students across the island.

The new programme seeks to address current market and employer needs, anticipate future skills requirements and puts additional supports in place for its student body.

The updated Chartered programme will include new final year specialist elective subjects, some for the first time anywhere in the world. The Institute is the only accountancy institute in the world to offer this unique blend of elective subjects to its final year students.

The programme will be available to students from October 2018 and represents the largest single reform of the Institute’s education offering in more than a decade. Taken together, the new initiatives will make the Chartered qualification even more attractive for new graduates and experienced professionals alike.

The updated education programme includes the following significant enhancements and updates:

  • A new elective subject in financial services, available to final year (FAE) students, offered in partnership with the Institute Of Banking
  • A new FAE elective in finance and accounting in the public sector, in partnership with the Chartered Institute of Public Finance and Accountancy (CIPFA)
  • A new FAE elective, ‘Advisory’ replaces an existing elective and will appeal to students looking to specialise in consultancy
  • New pathways to membership, for example more exemptions from the Institute’s professional exams will be offered to people who have already passed corresponding exams in university or with other bodies

Overview of Financial Services elective 

The elective will be of interest and particular relevance to those working, and those seeking to work, in the banking or investment funds industries. The focus of this elective is the strategic financial management issues facing those working in, managing and leading finance functions in the Banking and Investment Fund Services industries.

Topic summary
1. The financial services environment
2. Business lending – credit risk assessment
3. Investment funds
4. International trade risk management strategies and products

Learning Outcomes
• Provide an overview of the financial services sector and current developments therein
• Demonstrate an understanding of business lending and how to analyse credit risk
• Demonstrate an understanding of the investment funds industry and the legal and regulatory framework within which the industry operates
• Understand the risks associated with international trade and advise on various risk management strategies and products

Overview of Public Sector elective 

The focus of this elective is the strategic financial management issues facing those working in, managing and leading finance functions in the public services. The elective focuses on financial management issues in the full range of public service organisations – those funded by taxation and those funded through other means – including national government departments and agencies, local government, health bodies, universities and other educational institutions, charities, mutual organisations and social enterprises.

Topic summary
1. Sources of finance available to public service organisations
2. Financial planning and strategy development in the public sector
3. Application of tools and techniques to support strategy development and delivery of objectives

Learning Outcomes
• Discuss and evaluate the specific sources of finance available to public service organisations including grants, taxes, aid and charging
• Discuss, analyse and evaluate the issues surrounding financial planning and strategy development in the public services and the role of finance manager in public service organisations
• Discuss, evaluate and apply practical tools and techniques that support strategy development and delivery of objectives for public service organisations, including managing demand, effective business cases and appropriate performance management.

Overview of Advisory elective 

The elective will be of interest and particular relevance to those working, and those seeking to work, in industry or advisory departments of practice firms.
The elective will cover the strategic models that are used to assist organisations/clients in strategic decision making and the implementation/evaluation of business strategies.

Topic summary
1. International Business - Strategy, Culture, Governance and Organisation
2. Decision Making in an International Context
3. International Treasury Management
4. Management Accounting and Performance Measurement
5. Leadership and Soft Skills

Learning Outcomes
• Assess the impact of international business on an organisation’s strategy, culture, governance and organisation
• Provide good quality analysis to support decision-making in relation to international business opportunities
• Advise on international treasury management issues
• Understand management accounting and performance management in an international context and suggest ways of improving systems
• Understand the functional effects of leadership on the culture of an organisation and the characteristics required to lead an organisation.


Press releases

Chartered Accountants Ireland and CIPFA sign new education provision agreement

Jun 11, 2018

Barry Dempsey and Robert Jelly
New partnership gives trainee Chartered Accountants specialist public sector accountancy training 

Ireland’s biggest and fastest growing accountancy body, Chartered Accountants Ireland and the Chartered Institute of Public Finance and Accountancy (CIPFA), the professional body for people working in finance in the public sector, have today (Monday 11 June 2018) announced a new agreement between the two organisations. As a result of this collaboration, Chartered Accountants Ireland will be delivering the new public sector elective to its final year students.

The move comes as demand grows for specialist public sector finance professionals in both Northern Ireland and the Republic. There is also wide acknowledgement of the need for highly trained and experienced accountants to manage and audit the public purse.  The new elective will service this demand while opening up more career opportunities for newly qualified Irish Chartered Accountants. 

Chartered Accountants Ireland Chief Executive, Barry Dempsey said: 
“Today’s announcement marks the culmination of many months of work with our partners in CIPFA.  In combining an executive-level public sector elective with the respected Chartered Accountant professional qualification, our proposition is made even more attractive for talented and ambitious new graduates and those already working in the public sector. 

“This new public sector elective is one part of an exciting, new education programme that Chartered Accountants Ireland will be unveiling for the 2018/19 academic year. We have revised our core syllabus, introduced new electives and new pathways to membership, as we anticipate and respond to the demands of our economy.  We believe that this new programme will greatly enhance both the student experience and the long-term value of the profession in a rapidly-changing environment.

“We look forward to working closely with CIPFA on the development of our new public sector elective in the coming years.”

Chief Executive of CIPFA, Rob Whiteman said:
“We are excited to have entered into a strategic agreement with Chartered Accountants Ireland. Together we will work hard to empower accountants to manage public money and resources transparently and effectively.”

ENDS

Notes to editors:
About Chartered Accountants Ireland
Chartered Accountants Ireland is Ireland’s largest and longest established professional body of accountants founded in 1888.  The Institute, which is an all-island body, currently represents over 26,500 members around the world. It is also the biggest single educator of accountancy students in Ireland, with over 6,600 registered students. 

About CIPFA
CIPFA is the professional body for people in public finance. It represents approximately 14,000 members who are public finance leaders and officials in the United Kingdom and overseas, specialising in high quality public financial management and governance for organisations in, and providing support to, government and public services.

Its members work throughout the public sector, in national audit agencies, in major accountancy firms, and in other public and private sector bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications is the foundation for a career in public finance. It also champions high performance in public services, translating its experience and insight into clear advice and practical services. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance.  

Photo caption:  Pictured at the signing of the education agreement between Chartered Accountants Ireland and CIPFA are Dempsey, Chief Executive, Chartered Accountants Ireland (left) and Robert Jelly, Director, Education and Membership, CIPFA.

Contact: Garry Webb, Chartered Accountants Ireland, phone 02890 435840/ 07841152045

Have a question?

If you'd like to find out more, please get in touch with our Client Relationship team;

Robert Crosbie
Client Relationship Manager
+353 1 637 7345
Robert.Crosbie@charteredaccountants.ie

Sinead Fox-Hamilton
Client Relationship Manager - NI
 +353 1 523 3975 
Sinead.Fox-Hamilton@charteredaccountants.ie

Anastasia Myachina
Client Relationship Executive
+353 1 523 3976
Anastasia.Myachina@charteredaccountants.ie
 

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