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

Financial Services

Ireland’s leading accountancy body, Chartered Accountants Ireland, today (Tuesday 26 June) announced the launch of 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. Chartered Accountants Ireland is the only accountancy institute is the world to offer this unique blend of elective subjects to its final year students. The programme will be available to Chartered Accountants Ireland 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 More information on the new FAE education streams >>> To coincide with this, the Institute has also launched a new, all-island advertising campaign to promote the career opportunities available for Chartered Accountants, new flexible routes to the qualification and the updated education programme. The advertising will run for the course of the summer on radio and digital formats and will be supported by open evening events in Dublin, Cork and Belfast – see www.charteredaccountants.ie/study for details. Chartered Accountants Ireland Chief Executive Barry Dempsey commented: “Chartered Accountancy is Ireland’s premier business qualification, highly sought after by leading employers, and is a secure, attractive profession. “The new Chartered Accountants Ireland education programme responds to the changing nature of the accountancy and wider business sectors, and sets the profession on a sound footing for the future. “In planning the new programme, we have listened to and collaborated with a wide range of stakeholders including our network of member firms, employers, other leading accountancy bodies, and our existing students, in order to devise a programme that is best in class. “For anyone interested in an exciting and challenging career, my message is that Chartered Accountants are in extremely high demand, and the career opportunities on offer are exceptional.  The recent expansion of our entry pathways and flexible routes to the qualification now make it even more accessible for talented and ambitious graduates and professionals to progress in their careers with us.” Director of Education and Training Ronan O’Loughlin said: “Education never stands still and our programmes must keep pace with the rapidly changing business environment, new technologies and student expectations.  The new education programme does just that and will ensure that our members, Chartered Accountants, have the right blend of financial and technology skills and training to lead businesses into the future.” ENDS Reference: Bryan Rankin, Marketing Manager, Chartered Accountants Ireland: T: (01) 637 7268 Note to editors: Chartered Accountants Ireland is Ireland’s biggest accountancy body with over 26,500 members based in over 90 countries. Chartered Accountants Ireland is the biggest single educator of accountants in Ireland and is the sole educator and examiner for students of Chartered Accountancy on this island. Chartered Accountancy students train and generate relevant experience in firms including the ‘Big 4’, mid-tier and small practices as well as businesses of every size and the public sector. The qualification can also be followed independently through the Chartered Accountants Ireland Flexible Route.

Jun 26, 2018
Thought leadership

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

Jun 11, 2018
Thought leadership

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.” ENDS 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.

Jun 11, 2018

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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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