accountant questions

juanveron45

All the accountancy bodies and how to get qualified is very confusing to me so I have a few questions

heres my back ground first, Im 28 years old and I have a 3rd level chemistry diploma level 7 from i.t carlow I also haven't done accountacy in the leaving cert I did do economics though.

Basically if i wanted to become a chartered accountant what are my options and how long would it take?

How long would it take someone with an accounting technican qualification?

is it too late to apply to do it this sep?

juanveron45

To become an accounting technican you will need two years work experience, will companies take you on if you are just starting the course and have no previous experience in accounts, and havent even done accounting in the leaving?

juanveron45

Does it matter which professional organisation one joins after one has there ba in accounting, just say I got my ba from it waterford is there any advantages of icai or acca or cima or cpa ireland,which is best?

How difficult are those exams in those professional bodies,what percentage in each exam do you have to get?

Finally in theory once one has there BA whats the shortest length of time its takes to become a professional accountant after joining one of the professional bodies, whats the expected time?

juanveron45

if some has a B.A in accounting from W.I.T the following subjects are exempt for the professional exams


F1: All subjects
F2: All subjects
P1: Auditing (Only if Auditing option passed)
P1: Management & Strategy
P1: Financial Accounting
P1: Strategic Management Accounting

How long with these exeptions would in take to actually complete the exams with a professional body and how long would they take without these exemptions?

Also which of the pro bodies is the best?

smcgiff

juanveron45 wrote:

if some has a B.A in accounting from W.I.T the following subjects are exempt for the professional exams


F1: All subjects
F2: All subjects
P1: Auditing (Only if Auditing option passed)
P1: Management & Strategy
P1: Financial Accounting
P1: Strategic Management Accounting

How long with these exeptions would in take to actually complete the exams with a professional body and how long would they take without these exemptions?

Also which of the pro bodies is the best?

What Org is that with, Juan - That's a shocking amount of exemptions for an accounting degree. Does that mean you'd go from your degree to your prof finals?!?

*edit* The little known IIPA is based in Waterford. Is this the organisation that's giving such generous exemptions?

charba

That looks like CPA and its pretty accurate.

I got 8 exemptions out of 16 exams. ( I did Accounting and Finance in DCU)
I have to sit the management accounting and finanical accounting papers for both F2 and P1 because I didnt get 50% (CPA pass mark) in these modules in college.

OLDYELLAR

I did the BA in Accounting at WIT and took Auditing as an elective.Im doing ACCA.
I got exempt from all prof one and two and started in at prof 3 , that WIT degree really is a good one exemption wise as not al colleges let you do the auditing and get the exemption there.

juanveron45

How difficult is accounting in WIT? do you need to have a talent for it or if you work at it you will get through it

smcgiff

OLDYELLAR wrote:

I did the BA in Accounting at WIT and took Auditing as an elective.Im doing ACCA.
I got exempt from all prof one and two and started in at prof 3 , that WIT degree really is a good one exemption wise as not al colleges let you do the auditing and get the exemption there.

Yeah - that looks very good. Just checked and you get exemptions up to the first nine papers - possibly just 5 to do. That's pretty good alright, especially the auditing exemption.

With that said, I'd imagine a person would be in for a surprise (not that I know anything about WIT) going from college exams to ACCA marked exams.

OLDYELLAR

Oh yes!

I struggled sumtin wicked to even get my degree but Im really struggling with the ACCA exams , its tough going That degree course is no walk in the park.

Newaglish

Just to add a little more to that, I also graduated from WIT with the BA in Accounting degree and I have to say it really is great for exemptions - I'm doing ACA now, got full Prof 1 & 2 exemptions (unlike most people from UCC, Trinity, UCD etc.) and also the Prof 3 exams are very doable as I have covered almost all of the material in college

ACCA exams are supposed to be very difficult i've heard, but that applies to graduates from any course.

The degree itself is relatively challenging but if you put in a fairly consistent level of effort from the very start it's quite easy to pass and a 2.1 is fairly achievable too without crazy levels of work.