T1 This code refers to content for Level 1 Young Professional (0-3 yrs PQE) in technical skills ? Technical skills

What do they look like?

At this point you are focusing on honing the skills you learned during your training; you may be exploring options to expand these.

Your technical skills are the knowledge and abilities to perform your core business and financial duties, whichever area you are working in.


Auditing, accounting and financial reporting - What are the landmarks?

  • Know the key auditing and accounting standards and legislation combined with the ability to interpret and apply them
  • Be able to research and assess the impact of relevant emerging technical issues
  • Be able to prepare financial statements for business combinations including consolidated accounts
  • Contribute to the resolution of technical issues and research solutions for these
  • Understand financial evaluation techniques
  • Appreciate financial planning, budgeting, forecasting and cashflow analysis techniques
  • Identify gaps in information and make assumptions in order to continue analysis
  • Know the key control and operational risks of a business.

Information technology - What are the landmarks?

  • Be able to use auditing and accounting software packages
  • Be able to confidently use a minimum of intermediate Excel and presentation software

Focusing on achievement - What are the landmarks?

  • Generate results to deadlines by being focused and strive to improve processes and procedures

Development activities

How can you get there?

Here are our suggestions for boosting your skills in the three main areas at this stage of your career.
Don't forget, many of these are FREE!

  • Use this Career Pathway template to set goals, improve performance and identify gaps
  • Undertake some Chartered Accountants Ireland specialist qualifications in your chosen field, such as IFRS, Corporate Governance/Strategic Finance
  • Accountancy Ireland - Read it regularly!
  • Join a committee/industry group
  • Use Chariot (Chartered Accountants Ireland service)
  • Subscribe to free eNewsletters: eNews/Tax news
  • Do some Excel/Business Intelligence training
  • Gain project experience
  • Attend Chartered Accountants Ireland events
  • Attend industry/sector-specific events
  • Contribute to technical publications
  • Provide technical training
  • Publish articles
  • Join a technical committee/group
  • Research and read relevant technical publications/journals

Career development support

As a member at any stage in your career from newly qualified to post-retirement, our career service is here to support you. In full confidence, we'll coach you, help with your CV, give interview preparation tips, set up mentoring, help you find a role, or to find the best staff. Call us anytime you need us on +353 1 637 7331 or email us at careers@charteredaccountants.ie. We want to hear from you.


Courses & publication

Recommended specialist qualifications

Title
Diploma in Corporate Finance
Read more
Diploma in Excellence in Financial Reporting 
Read more
Certificate in Leadership Essentials
Read more
Diploma in Strategic Finance and Business Partnering 
Read more
Diploma in Taxation
Read more
Certificate in Cyber Security and Data Incident Management
Read more
Diploma in Risk Management, Internal Audit and Compliance
Read more
Chartered Tax Consultant
Read more
Diploma in Forensic Accounting and Investigation
Read more

Recommended CPD courses

TitleStart datePriceCPD hours 
CPD Blitz Conference Cork 202018 Dec 2020 8Read more
Tax Planning for the Family Company17 Dec 2020 3Read more
Tax Update for Accountants in Practice and in Industry17 Dec 2020 4Read more
Tax Planning for the Family Company16 Dec 2020 3Read more
Tax Update for Accountants in Practice and in Industry16 Dec 2020 4Read more
CPD Blitz Conference Red Cow 202015 Dec 2020 8Read more
CPD Blitz Conference Dublin 202010 Dec 2020 8Read more
CPD Blitz Conference Waterford 202009 Dec 2020 8Read more
Business Plan Modelling Using Excel03 Dec 2020 7Read more
Project Management Essentials26 Nov 2020 7Read more
CPD Blitz Conference Limerick 202019 Nov 2020 8Read more
Rolling Forecasts with Excel19 Nov 2020 7Read more
Accounting in France, Germany and Italy18 Nov 2020 7Read more
CPD Blitz Conference Galway 202018 Nov 2020 8Read more
CPD Blitz Conference Sligo 202017 Nov 2020 8Read more
Finance Business Partnering11 Nov 2020 7Read more
Introduction to MS Project04 Nov 2020 7Read more
IFRS 15 Revenue Recognition03 Nov 2020 0Read more
Accounting for Small and Micro Entities:30 Oct 2020 4Read more
FRS 102: The Fundamentals29 Oct 2020 7Read more
Project Management Essentials29 Oct 2020 7Read more
Data Analysis with Excel22 Oct 2020 7Read more
Excel Advanced22 Oct 2020 7Read more
Accounting for Tax Series: 2 Irish GAAP Essentials21 Oct 2020 4Read more
Automating Analysis with Advanced Features of Excel21 Oct 2020 7Read more
Excel Intermediate20 Oct 2020 7Read more
Group Consolidation: Key Standards20 Oct 2020 7Read more
IFRS: Core Standards and Comparison with US GAAP and FRS 10215 Oct 2020 8Read more
Power BI Desktop: Moving Beyond Excel15 Oct 2020 7Read more
Project Management Essentials15 Oct 2020 7Read more
Deferred Taxation 2. Advanced14 Oct 2020 4Read more
SQL Scripting14 Oct 2020 7Read more
Introduction to MS Visio13 Oct 2020 7Read more
Automating Analysis with Advanced Features of Excel08 Oct 2020 9Read more
Effective Decision-Making Skills08 Oct 2020 3Read more
Project Management Essentials08 Oct 2020 7Read more
Data Visualisation for Accountants with Excel and PowerPoint07 Oct 2020 7Read more
KPIs for SMEs06 Oct 2020 4Read more
Excel Intermediate06 Oct 2020 7Read more
Project Management Essentials24 Sep 2020 7Read more

Recomended CPD online courses

TitleStart datePriceCPD hours 
No records to display.

Recommended publications

 TitlePrice 
A Practical Guide to Insolvency (3rd Edition)€45.00Read more
FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018)€40.00Read more
Members Voluntary Liquidation Workpack (2nd Edition)€80.00Read more
VAT on Property: Law and Practice (2nd Edition)€60.00Read more

Future of the profession

IFAC

Title Source
Future-Fit Accountants: Roles for the Next Decade See PDF
Source
A Vision for the CFO & Finance Function See PDF
Source
Evaluating the Finance Function See PDF
Source

CPA

Title Source
What’s next for the profession? Foresight initiative makes urgent case for change See page
Source

Technical news