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Accountancy - Where to start?

  • 05-07-2011 5:18pm
    #1
    Giless
    Registered Users, Registered Users 2 Posts: 10 ✭


    Hey guys,

    I've just finished a degree in Medicinal Chemistry and am looking to change fields. I'm currently thinking strongly about Accountancy but I have no idea where to start?

    Is a degree necessary?
    Can I study and sit the exams independently?


    I am totally lost and I'm looking for a little nudge in the right direction. Any help you guys can offer would be fantastic!

    Stephen


Comments

  • #2
    ted2767
    Registered Users, Registered Users 2 Posts: 477 ✭✭ted2767


    A post graduate diploma in Accounting is probably your best bet. It'll get you full CAP 1 exemptions in a year.


  • #3
    Dellboy2007
    Registered Users, Registered Users 2 Posts: 812 ✭✭✭Dellboy2007


    If you are interested in going for Chartered I would also say go for a PGD, or maybe look at the Elevation Programme and see if that tickles your fancy. To do all of CAP 1 and 2 would cost 5085 euro so probably the same as what the PGD would cost but your getting a lot more exemptions. Perhaps worth bearing in mind that if you do go this route you will have to secure a training contract (3.5 years) before you do your finals. So 5 and half years in total (1 year for each CAP level + 3.5 work experience)

    http://www.elevationprogramme.ie/graduate.html

    Alternatively you could go for ACCA and sit them independently all the way through without any training contract. There is 9 Fundamental papers and 5 Professional papers so how long this takes you would depend. But if you managed to get a bit of work experience after doing some papers it would shorten the time.

    We could sit around and discuss which is a better route to go but ultimately it has to fit with your life. You will need a lot of motivation and commitment to see it through. Good luck


  • #4
    smcgiff
    Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    Cai posted here not so long ago and said you don't need to enter a contrac 
    
t to qualify with Cai. You do need 3.5 years experience to become a member similar to acca although they only require 3 years.

    
Check out the sticky up top re different bodies.

    
I'd recommend the chartered route - Cai acca or cima.
    
I'd avoid the technician route.

    
Look up the relevant bodies to check out your exemptions.

    
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