Chartered Accountants Ireland Longest established (since 1888) Biggest in Ireland – 24,000 members Largest educator – over 6,000 students ‘Chartered’ – internationally recognised professional designation Leading voice of the accountancy profession in Ireland

9 course options 3,000 students on education programmes 87 Lecturers 1400 lectures annually Education Overview

What Makes Us Different? EducationTrainingSupportMembershipRecognition

Does book-keeping 57% Works in an Accountancy firm 86% Analyses numbers 71% Advises on tax/ Audits accounts 43% What do Chartered Accountants do? Student responses

Interprets financial data 27% Works within companies to manage financial matters 14% Works in accountancy firms to advise businesses 14% Manages companies 0% What do Chartered Accountants do?

Advise businesses and individuals Where should Facebook locate? Report for decision-making Should O2 launch their “48” network? Manage businesses, solve problems How can EMI make money with music downloads?

PracticeBusiness

A Secure Job 98% employment Area where there is a skills shortage Starting salary 58,000

So, what do we add to the book-keeping?  Strategic thinking  Analytical skills

Ethics & Professionalism Objectivity Perceptiveness of own knowledge, values and limitations Strategic Thinking & Problem Solving Communication Managing Self & Others: Leadership IT Awareness Project Management & Change Awareness Stakeholder Management Financial Reporting Management Accounting & Finance Audit & Assurance Tax & Law Strategy Required Competencies

CAP1 & CAP2 Professional Education Programme Financial Reporting Financial Accounting Strategic Finance & Management Accounting Finance Auditing & Assurance Taxation II Law for Accountants Taxation I Online CA Diary Training Experience Management Accounting MANAGEMENTACCOUNTING & FINANCE FINANCIAL REPORTING ADVISORY SERVICES WORK EXPERIENCE & IT SKILLS FAE Core FAE Elective FINAL ADMITTING EXAMINATION

FAE Core (end point!) The purpose of this course is to develop students’ ability to assess the internal and external environments and strategic processes affecting organizations (both public and private) and to enable them to ethically play their part in supporting the client/management team in their current and future roles – whether as a member of the management team or as an external advisor

How do we get them there? A mix of education and training  Lectures  Workshops/Case days  Assessments  Training element  CA Diary

Education Lectures Workshops Case days

Training Work experience requirement CA diary

Assessment Terminal examinations Continuous assessments Increasing use of case studies Full case study exams at FAE

What is ethics? Factors to consider in determining ‘right’ or ‘wrong’ include: Consequences of the action Motivation for the action Inherent ‘rightness’ of the action

Ethics What do we teach them? How do we teach it?

Leaving Certificate Suitable? students

Ethics & Professionalism Objectivity Perceptiveness of own knowledge, values and limitations Strategic Thinking & Problem Solving Communication Managing Self & Others: Leadership IT Awareness Project Management & Change Awareness Stakeholder Management Financial Reporting Management Accounting & Finance Audit & Assurance Tax & Law Strategy Required Competencies

Can progress to the Chartered Programme with exemptions, once the criteria has been met Option 1 School Leaver Student studies for one year with Accounting Technicians Ireland Must gain a Merit Pass in 1 st year exams and 360 points in the Leaving Cert. Can then progress to CAP 1 Student completes the Accounting Technician qualification Complete a 3 rd level Degree Option 2 Accounting Technicians Option 3 Third Level Study with Chartered Accountants Ireland and receive exemptions based on degree Entry Options Optional Accountancy Master after some degrees