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

New agreement gives trainee Chartered Accountants expert banking and financial services skills in education programme

Jun 11, 2018
IOB photo
Ireland’s leading accountancy body, Chartered Accountants Ireland and Ireland’s leading banking and financial services educational body, The Institute of Banking have today announced an agreement between the two organisations. As a result of this agreement, Chartered Accountants Ireland will now offer a new financial services elective module to its final year students.

Almost one in five of all Irish Chartered Accountants already work in the financial services sector, so a tailored elective for student members will be appealing for students.  The elective will also serve the needs of an expanding financial services sector at home and overseas, where demand for newly qualified members with expertise in financial services is acute. 

Chartered Accountants Ireland Chief Executive, Barry Dempsey said: 
“Today’s announcement marks the culmination of many months of work with The Institute of Banking.  In combining an executive-level financial services component with the Chartered Accountant professional qualification, our proposition is made even more attractive for talented and ambitious new graduates and business professionals. 

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

“We are pleased to work with The Institute of Banking on the launch of this new elective.  Chartered Accountants Ireland and The Institute of Banking are respected, prestigious, all-island membership organisations, dedicated to upholding the highest professional standards in our respective areas, to the ultimate benefit of customers and society.”

The Institute of Banking Chief Executive, Mary O’Dea said:
“We are delighted to work with Chartered Accountants Ireland in developing this new financial services elective for its final admitting examination. The content draws on our education expertise in the banking and the investment funds sectors. We believe that this new financial services elective will equip students with relevant, specialist and practical knowledge and skills, whether they look to work in the financial services industry or within practice. We look forward to working with Chartered Accountants Ireland in the coming years.”


Reference:  Bryan Rankin, Marketing Manager, Chartered Accountants Ireland, T: (01) 637 7268

Photo caption:  Pictured at the signing of the education agreement between The Institute of Banking and Chartered Accountants Ireland were Mary O’Dea, Chief Executive, The Institute of Banking, Shauna Greely, Immediate Past President, Chartered Accountants Ireland and Barry Dempsey, Chief Executive, Chartered Accountants Ireland.

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 the Institute of Banking
The Institute of Banking is the largest professional institute in Ireland with 34,000 members who work in banking and in international financial services in the Republic of Ireland and Northern Ireland.
Professional development of our members through education is at the heart of the Institute’s activities.  It is a not-for-profit organisation and its purpose is “to make a defining contribution to the renewal of professional standards and standing of Irish banking and financial services for the ultimate benefit of customers and society”. The Institute of Banking is one of the oldest banking institutes in the world.

The Institute provides university-level banking education programmes and related services. These enable members to achieve and sustain their professional qualifications and continuing professional development – essential to meet customer and regulatory expectations. More than 10,000 of the Institute’s members are currently studying with it.

The Institute is a Recognised College of University College Dublin (UCD), which is Ireland’s largest university.

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

Sinead Fox-Hamilton
Client Relationship Manager - NI
 +353 1 523 3975

Anastasia Myachina
Client Relationship Executive
+353 1 523 3976

Was this article helpful?