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Difficulty in completing a chartered accountant contract!!

  • 04-06-2010 9:10am
    #1
    aka accounts 2010
    Registered Users, Registered Users 2 Posts: 1,065 ✭✭✭


    Hi guys,

    I'm recently out of college and have been looking at the chartered accounting option for awhile now.
    I'd probably prefer to be working in industry but with the current climate its difficult to gain employment in this sector.Luckily I've been offered a trainee accountant contract with a chartered firm.
    I'm exempt from CAP 1 so will be starting directly with CAP 2.its a 3.5 yr contract.
    How difficult will it be to pass all my exams?i'll have plenty study leave etc so basically just wondering how chartered compares to the other bodies in terms of difficulty???
    Thanks..


Comments

  • #2
    Nidot
    Registered Users, Registered Users 2 Posts: 372 ✭✭Nidot


    Well I'm in the middle of the CAP2's right now and I can confirm that they are tough alright.

    But the main thing is that they are passable, it just requires the work to put in. Like go to lectures, get the notes and actually work when you get the exam leave.

    As far as comparatively how difficult they are it's a much of a muchness really.

    I feel that all the institutes exams are of roughly the same difficulty, the added difficulty with the chartered exams is that you have a contract to complete the exams within a set time period. Like I know with ACCA and CIMA and CPA you can take the exams in stages at your own pace. Also there's the added pressure now from firms about passing the exams or being fired.

    Anyway this is sure to start the whole debate.


  • #3
    aka accounts 2010
    Registered Users, Registered Users 2 Posts: 1,065 ✭✭✭aka accounts 2010


    Thanks for that information. My contract is not due to begin until this September so I have some time to sort myself out.
    I'm just wondering what exact tasks I can expected to be handed with once I begin?Its a small accounting firm dealing with a vast variety of businesses including farmers,local business,energy firms,construction etc.
    I'm meeting with them next week so I know I can clear some of these issues then but I'd like an idea of what other first year trainees have experienced..


  • #4
    ianuss
    Registered Users, Registered Users 2 Posts: 3,020 ✭✭✭ianuss


    aka accounts 2010 wrote: »
    I'd like an idea of what other first year trainees have experienced..


    that's a really good question. I'd also be very interested to hear what sort work one can expect to be doing as a trainee. I'm currently taking ACCA full-time but I'm hoping to get work during the summer (that is, if there is any).


  • #5
    Clanket
    Closed Accounts Posts: 2,087 ✭✭✭Clanket


    ianuss wrote: »
    that's a really good question. I'd also be very interested to hear what sort work one can expect to be doing as a trainee. I'm currently taking ACCA full-time but I'm hoping to get work during the summer (that is, if there is any).

    Bank recs!!!


  • #6
    ianuss
    Registered Users, Registered Users 2 Posts: 3,020 ✭✭✭ianuss


    Alofthedunnes wrote: »
    Bank recs!!!

    yippeeee!!! my favourite!!


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  • #7
    Nidot
    Registered Users, Registered Users 2 Posts: 372 ✭✭Nidot


    aka accounts 2010 wrote: »
    Thanks for that information. My contract is not due to begin until this September so I have some time to sort myself out.
    I'm just wondering what exact tasks I can expected to be handed with once I begin?Its a small accounting firm dealing with a vast variety of businesses including farmers,local business,energy firms,construction etc.
    I'm meeting with them next week so I know I can clear some of these issues then but I'd like an idea of what other first year trainees have experienced..


    In all seriousness though you will be completing back rec's and sales and purchases books for the clients.

    I'm working for big 4 but we handle a good few smaller clients in our division and in my first year I would of been responsible for doing up the accounts of some sole traders, farmers, doctors etc. Basically you can be doing the accounts of anyone. But don't really worry about that, there'll be plenty of supervision and other people more qualified who you can ask for help and to show you how to do stuff.

    Basically, you won't be asked to do anything which you're not capable of doing.


  • #8
    drumlishboy
    Registered Users, Registered Users 2 Posts: 3 ✭drumlishboy



    Hi

    I did summer work in a 4 partner practice in Limerick and 9 months with the same crowd during college work placement (About 1 yr in total). It was manly bank recs to start but if i had a set of accounts I just plugged away at it(Just copied what they had done on the previous year’s file with updated figures etc) on stuff like fixed assets, stock etc and by the end of the 9 month work placement i was doing sets of accounts for small clients (Farmers, shops and the like). It would all have been looked over and ok'd by a qualified person before going to a partner but by the end of it I have some stuff going straight to a partner. I didn’t get any Audit of tax work but sure hey twas only a college placement but I did learn a lot.

    Cheers


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