ACCA -Beginner

bellini2

Hi
Which papers do you need to sit to complete the CAP1 exams? and then CAP2 exams?

Formation Stage
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
F4 Corporate and Business Law
F5 Performance Management
F6 Taxation
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management

Thanks

Trainee123

You're thinking of the wrong qualification.


ACCA (Association of Certified Chartered Accountants) is the exams you have listed above. ACCA split their exams into two levels. The F level which are fundamental papers (all those listed above) and the P level which are the professional level. The P level papers can be found here http://www.acca.ie/irishgradguide/qualification/. You complete all the F papers and on the P level you do the first 3 exams and you pick two exams from P4, P5, P6 and P7. You may also apply for exemptions for the F papers. If you've a college degree, it's worth checking here to see what exemptions you may have and which exams you then would not have to see: http://www.acca.ie/irishgradguide/exemptions/



ACA (Association of Chartered Accountants, qualification from Chartered Accountants Ireland) is the qualification that has the CAP1 and CAP2 exams.
The CAP 1 exams are the first set of exams that ACA do. The papers for CAP1 are Finance, Management Accounting, Financial Accounting, Law and Taxation.
The next set are CAP 2. These paper are Taxation, Strategic Finance & Management Accounting, Financial Accounting and Audit & Assurance.
After the CAP2 you have the final level called the FAEs, these are something you do after having some work experience. I don't know too much about what they involve.
Finally, you will be required to sit all the exams at CAP1 and CAP2 level, unless you've exemptions from a college degree.


To clarify, ACA (the one with the CAP1 & 2 exams) and ACCA (the exams you listed above) are TWO different qualifications that you can do.
The ACA website: http://students.charteredaccountants.ie/
The ACCA website: http://ireland.accaglobal.com/

That's just a quick overview, check out the websites for more information.

bellini2

Thank you very much for your help.
Nowadays what would be the most common route to go down, acca or aca?

Thanks

Trainee123

Either or to be honest. Both offer ways you can study and pay for the exams yourself. To me in terms of a firm offering your a training contact, it's mostly ACA that is offered. However, plenty offer you a choice (my firm has, I'm going with ACCA) It's whichever you would prefer to do.

bellini2

Thanks, much appreciated

Prettyblack

Trainee123 wrote: »

Either or to be honest. Both offer ways you can study and pay for the exams yourself. To me in terms of a firm offering your a training contact, it's mostly ACA that is offered. However, plenty offer you a choice (my firm has, I'm going with ACCA) It's whichever you would prefer to do.

Can I ask why you went with ACCA? Any particular reason?