Overview: CAP2

CAP2 builds on the foundation knowledge studied at CAP1 and follows the cumulative knowledge principal.


The topics covered in the syllabus are mapped on the competency statement which you can find using the link below. With the cumulative principle, some topics in CAP2 expand upon CAP1 knowledge and some subject areas will be carried into FAE.

Students enrolling on to CAP2 will have the choice of enrolling on two or four subjects. If a student has one and a half subjects (or less) outstanding at CAP1 there is a bridging option which combines the remaining CAP1 subjects with CAP2 Audit and Tax.

If a student has exemptions and joins the Institute at this level it is their responsibility to ensure they are fully conversant with topics carried forward. The CAP1 competency statement, most recent exam papers and examiner reports and recordings are available on our website.

CAP1 syllabus (subjects)
Tax (ROI/NI)
Strategic Finance and Management Accounting (SFMA)
Financial Reporting (FR)


CAP2 offers nine timetables across six centres; Belfast, Cork, Dublin, Galway, Limerick and Waterford/Kilkenny. A sample of these timetables can be seen on the student portal.

The Distance programme is available in Dublin, Galway and Belfast, for more information on the Distance programme, please go to the Overview: Distance Programmes page.

The harmonisation of materials ensures that all centres deliver the same content; this comes in the form of class slides, question banks and online recordings. These are all tracked in a learning journal, which breaks down the syllabus into sessions and allows students to track their progress throughout the academic year. A link to the learning journal can be found below.

In addition to lectures we also introduced FR workshops and case studies at this level to prepare students for their final year of studies (FAE).


There are three Interim assessments at CAP2 and marks are awarded toward your exam: Financial reporting (15%), SFMA case study (15%) and Audit (15%) while the end of year exams takes place in June.

Key dates: CAP2

Dates What's happening
01 - 04 Oct 2019 CAP2 autumn 2018/19 exams
01 Nov 2019 Closing date for receipt of training contracts
08 Nov 2019 Publication of CAP2 autumn 2018/19 exam results
15 Nov 2019 Closing date for applications for CAP2 autumn 2018/19 information and appeals schemes
20 Dec 2019 Closing date for CAP2 summer 2019/20 exams
11 Jan 2020 CAP2 SFMA and FR interim assessments
04 Apr 2020 CAP2 Audit interim assessment
24 Apr 2020 CAP2 mock exams (Audit and Tax)
09 May 2020 CAP2 mock exams (FR and SFMA)
23 - 26 Jun 2020 CAP2 summer 2019/20 exams
07 Aug 2020 Publication of CAP2 summer 2019/20 exam results
14 Aug 2020 Closing date for applications for CAP2 summer 2019/20 information and appeals schemes
21 Aug 2020 Closing date for CAP2 autumn 2019/20 exams

Booklist 1819: CAP2

Text books are provided to students enrolled on the full programme of study for the respective subjects/courses. Students repeating exams may wish to get an updated book and these can be purchased from the Chartered Accountants Ireland online bookstore.

The book distribution process starts at the end of September.

  • If you are in a training contract in a small to medium size firm your books will be delivered directly to your firm.
  • If you are not in a training contract our distributor will contact you once your enrolment is complete and ask you for your preferred delivery address. 
  • If you are in the following big accounting firms in Dublin you are required to collect your books from CA House: KPMG, EY, PWC, Deloitte, Mazars and Grant Thornton. The collection dates and times will be advised.

Student book queries should be emailed to textbookqueries@charteredaccountants.ie

TOP TIP if you are sending an email please include your student number in the title of the email. 

Book names ISBNs

CAP2 General

Student Technical Handbook 2018-19


CAP2 Audit

External Auditing and Assurance 3rd Ed by Nolan/Nangle **

Ethical and Auditing Standards 2016 (FRC) (NI ONLY)**

Ethical and Auditing Standards Ireland 2017 (IAASA) (ROI ONLY) **

** not issued again at FAE and students are expected to carry over these books




CAP2 Taxation ROI/NI

CAP2 Taxation (RoI) 2018–19

CAP2 Taxation (NI) 2018-19




Managerial Accounting 3ed by Peter Clarke *

Finance: Theory and Practice 3ed by Ann Marie Ward *

* only issued if students did not do CAP1.




CAP2 Financial Reporting

Consolidated Financial Statements 3 ed by Mahony/MacLochlainn
International Financial Accounting and Reporting 6ed by Ciaran Connolly
IFRS 2018 issued by the IFRS Foundation **
FRS 102 (2018)

** not issued again at FAE and students are expected to carry over these books.


If you are sending an email please include your student number in the title of the email.

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