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What is a Chartered Accountant?
Chartered Accountants are Ireland’s leading business professionals who provide essential strategic guidance across all business sectors. They play a pivotal role in modern organisations; as a result, they are seen as the most respected members of the accountancy profession.
Today’s Chartered Accountant typically works in a dynamic global environment, in roles as diverse as corporate leadership, management accountant, business analyst or sales management.
Chartered Accountants (ACAs) are members of Chartered Accountants Ireland.
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What’s the difference between Chartered Accountancy and other accountancy qualifications?
Chartered Accountants Ireland is the largest and most influential accountancy body in Ireland, with more than 30,000 members working in Ireland and across the globe. The differences between Chartered and other bodies are detailed on this page.
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I’m not an accountancy, finance or business graduate – Is Chartered Accountancy an option for me?
Yes, you don’t need any previous accountancy knowledge as we’ll start from the beginning with the basics. Each year a significant number of new students join us from a wide range of disciplines (arts, science, IT, law etc.) and consistently do very well in exams.
Training firms in practice and industry are always keen to interview such candidates as they bring diverse skills and knowledge to their training firms and studies. The starting point for non-business graduates is CAP1 which provides the essential building blocks for more advanced study levels.
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What is the Flexible Route and what is a Training Contract?
We have two entry routes into our programme. The training contract features a 3.5 year training contract with a recognised training organisation who will provide you with all the experience you need and pay your first attempt education fees. If you are training in a practising firm you will also receive study leave. You’ll start your studies and your practical experience at the same time and it is possible to complete everything within the term of the contract.
The Flexible Route does not involve a training contract. You’ll be taking the same exams and will be required to complete the same amount and type of work experience, however you have more flexibility on the timeframe and amount of subjects / exams you take per year. There’s an overall time limit of 8 years to get everything finished. You can find out more on the entry routes page.
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Am I able to start the Chartered Accountancy programme?
If you’re a graduate, post-graduate, Accounting Technician, or member of another accountancy body, you can start the Chartered programme. Graduates and members of bodies from outside Ireland are also welcome to join – once you fulfil the entry requirements. You must be based on the island of Ireland for the duration of the programme.
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How do I apply for a place on the Chartered programme?
To apply for your place on the programme, we’ll ask you to set up an account on our website, where you’ll gain access to the online application process. Once you have submitted the online application, you will receive guidance on how to complete your submission. All degree holders are eligible to enrol and you don’t need a business or accounting background.
If you want to check exemptions, you can do this by applying online. You will receive an email with the next steps once your application has been submitted. If you do not receive the email please contact studentqueries@charteredaccountants.ie. Find out more about exemptions.
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What subjects are covered and what will I learn?
As well as your practical work experience, you’ll be studying to achieve your CAP1, CAP2 and FAE exams. The current syllabus is listed on the About Our Course page. Remember, you may already have covered some of this material in your prior studies, and may be entitled to some exemptions. This means you may not need to study all of these subjects.
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How many examinations are there?
This will depend on your exemptions. There is one exam paper per subject taken:
CAP 1
- Four full papers (Management Accounting, Finance, Financial Accounting, Taxation)
- One half paper (Law)
CAP 2
- Four full papers (Auditing & Assurance, Taxation II, SFMA, Financial Reporting)
FAE
- FAE Core (one paper) and FAE Elective (one paper)
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Can I choose how many papers I sit and subjects I take?
Yes – our Flexible Route allows you to choose how many subjects you take and how many exams you sit per year (you are required to sit a minimum of two subjects per sitting). You can take subjects in pairs, or all together. For CAP1 and CAP2, there are two exam sittings per year, in early summer, and in autumn. You can either take all your papers in one sitting, or stagger them between the two sittings.
Usually students in a Training Contract will take each required academic year in full.
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How many exam attempts am I allowed?
There are a generous number of exam attempts allowed within an eight year period (the eight years begins the year of your enrolment):
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| CAP1 |
(3 yrs) |
(6 attempts over 3 consecutive academic cycles) |
(Exams twice annually) |
| CAP2 |
(3 yrs) |
(6 attempts over 3 consecutive academic cycles) |
(Exams twice annually) |
| FAE |
(3 yrs) |
(3 attempts) |
(One initial sitting and one repeat sitting annually) |
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Can I take any CAP1 subjects with CAP2?
Yes. Students have the option to take up to 1½ CAP1 subjects with the first two subjects of CAP2. This is available at the point of entry only, and is only applicable to students who are exempt from the other CAP1 subjects.
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Where are the course locations?
Our course runs, thanks to its online only format, across the island of Ireland. We run regional variants of the course programme based on where you are based in the country. Please register to the ROI or NI variant as appropriate. Timetables will be available on the student portal closer to the course commencement date.
Online learning is a good way for students to organise their studies around their work, social or family commitments in a structured, supported environment. Chartered Accountants Ireland is committed to ensuring students achieve success by providing comprehensive materials, online resources, and ensuring that individual support is available. Students who have proven themselves to be self-motivated, disciplined and committed enough to take responsibility for their own learning will benefit most from this course.
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What are the exam fees? Are there any other fees?
Chartered Accountants Ireland has a single fee structure that covers all costs associated with your education. The single fee provides for all text books, course notes, toolkits, course materials, and access to online education resources. Fees are paid by training firms as part of the Training Contract.
When paying your fees as a Flexible Route student, you simply pay for what subjects you are taking that year. Fees are priced per subject, and are detailed on the course description page.
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Do I have to pay my fees in full when I enrol?
Not necessarily. Flexible Route students can avail of our instalment payment plan, which takes your annual fee and divides it into three payments. These are interest free payments, and the plan is available to anyone funding the programme themselves. When you are enrolling, you’ll have the chance to choose the instalment payment programme, or to pay in full.
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How long will it take me to qualify?
This will vary from student to student. There are three academic years, but it is possible to complete exams in one to two years, depending on your exemptions.
As well as passing the Institute's exams, you are required to complete a period of recognised experience for qualification (REQ). As a prerequisite for membership, all students joining the Institute are required to maintain evidence of their learning to ensure they have acquired the necessary breadth and range of competencies. Such periods of professional development is maintained on the on-line CA Diary of Professional Development and it is the Diary format that is used to assess an application for recognition of prior work experience.
The REQ period is determined by your educational background. For example, the recognised experience requirement is three years for Masters in Accounting students, three-and-a-half years for graduates (of any discipline) and four years for Accounting Technicians Ireland graduates, but this can vary based on any prior work experience you may have. This period of recognised experience is comparable to other accountancy qualifications available.
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What’s the closing date to register?
Usually our deadline is mid September. Classes begin early October each year so you should aim to get enrolled before that date to ensure you receive your text books and access to our online learning platform. Eligibility onto our programme must be approved before you can register.
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Can I do all my exams before gaining my experience?
Yes, if you have spent at least four years in the workplace, in any kind of role. If you have less than four years’ work experience of any kind, then we’ll ask you to complete and record one year of recognised experience before sitting your FAE exams, meaning you can complete all of CAP1 and CAP2 before gaining any experience.
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My current role can’t provide me with any accounting experience of the kind I’ll need to generate in order to qualify – any ideas?
That’s not a problem. The Flexible Route allows you to start your professional education, and then gain your relevant accounting experience at a later date. You don’t have to be working in an accountancy environment to enrol with us and start your exams.
In order to qualify, you’ll need to record the same amount of practical and relevant work experience as every other Chartered student. Chances are that once you start your Chartered studies you’re going to be an attractive prospect for employers and many students quickly migrate to accounting-related roles. These roles are not restricted to the finance industry either – there are Chartered trainees in IT, telecoms, manufacturing, retail, and engineering companies.
Relevant work experience is any work activities/duties/responsibilities in a role that can be directly linked to the Institutes competency framework. The framework consists of core competency areas such as Financial Reporting, Professional Values, Personal and Interpersonal Skills and the Business Environment. Additionally, the competency framework allows trainees to demonstrate an in-depth knowledge in defined technical areas such as Auditing, Taxation, Finance or Information Technology.
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Can I get credit for prior work experience?
Yes, we will consider recognition of relevant prior work experience on a case by case basis, applications for recognition of prior work experience must be submitted within three months of first registering with the Institute.
Naturally, certain conditions will apply and it will be necessary to detail your experience, and have it verified by your employer(s) / a member of Chartered Accountants Ireland (or a member of a Professional Body, recognised by IFAC).
Students must be eligible to join the programme at the time of securing the experience documented (i.e. Graduate/Post-Graduate degree held or attained second year ATI exams).
Students can seek to claim recognition of relevant experience completed within the preceding 5 years of registration with us. Currently the Institute recognises such experience on a “1 for 2” basis, with a maximum reduction in the length of the REQ by 18 months on the basis of 3 years’ relevant and verified experience.
The experience has been certified by a member of Chartered Accountants Ireland (or a member of a Professional Body, recognised by IFAC), with at least 3 years post qualification experience.
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I’ve heard that studying Chartered Accountancy is all about audit but I don’t work in audit, and I don’t see my future career involving audit.
That’s no problem. While students will need to exhibit experience across financial reporting and regular exposure to books of accounts, there is no specific requirement to generate audit experience. Students outside of a practicing firm will not be working in audit, and they won’t be required to do so either.
Many of our members often remark that an ability to understand audit and speak as an equal with external auditors sets them apart in the profession and has given them a real competitive edge. On that basis, you’ll have exposure to audit through your education, and you can choose the audit elective in your FAE.
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I’ve heard that for Chartered Accountants Ireland, you need a training contract. Do I have to enter into one?
You don’t have to enter into a training contract and there is no training contract for students under our Flexible Route. You need to get the same amount and type of experience as all Chartered Accountancy students, but you are free to choose your employer and job sector, and modify these as your circumstances change.
Your experience does not have to be continuous, and you can gain your experience in more than one company.
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I would like to secure a training contract. How do I go about securing one?
If you’re a student, contact your college careers advisors for more information on the next ‘milkround’ dates or visit the firms’ websites. Many smaller practices in your area may offer training contract places and will provide an excellent, rounded training environment.
Check out the full list of authorised training firms and make contact with training firms in your area. In addition, visit our Training Vacancies page to view current vacancies.
Some companies in industry offer training contracts, though most prefer the Flexible Route. To gain a training contract in industry, contact companies directly or use jobs sites or recruitment agencies that specialise in placing accountancy trainees.
It is essential to be aware of our training contract regulations when accepting a training contract offer/transferring your training contract. For information on such regulations, please view our recruitment to and transferring of training contracts page.
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Do I need study leave to pass my exams?
While students in a practicing firm who are in a Training Contract will receive block study leave, other students (in Industry or the Flexible Route) generally do not. Study leave is only given in blocks in Practice to suit the model of their training programmes.
Students in other routes are usually able to study throughout the year, and perform very well in their exams – in fact, some of the top performing students each year are Industry students who wouldn’t have received block study leave.
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Is the Chartered Accountants Ireland qualification recognised internationally?
Yes – as a Chartered Accountant you’ll enjoy international career prospects in every financial global hub – 4,819 of our 30,000+ members are working outside Ireland.
The Mutual Recognition Agreements (MRAs) we enjoy with other Chartered bodies around the world gives our members unparalleled global mobility upon qualification.
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Can I study from outside Ireland?
The programme is designed to allow students to qualify as members of Chartered Accountants Ireland. In order to qualify students will be required to secure the Required Experience for Qualification and this must be secured on the island of Ireland.
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