Lost CAP1 Exemptions

Gael23

I'm going to graduate from my degree with lower than a 2:2 which is required to obtain CAP1 Exemptions.
Can I forget about securing a Training Contract with this? I was aiming for a 2:2 and thats whats on my CV but I know now thats not going to happen

bigmc23

ryanf1 wrote: »

I'm going to graduate from my degree with lower than a 2:2 which is required to obtain CAP1 Exemptions.
Can I forget about securing a Training Contract with this? I was aiming for a 2:2 and thats whats on my CV but I know now thats not going to happen

well if you've lost the cap1 exemptions then im afraid yes. Though all might not be lost as I believe the requirements for ACCA exemptions are lower (possibly 40%) but you would need to contact them directly to clarify this. At the end of the day I wouldn't be too disheartened, could be a blessing in disguise!

Gael23

You need a minimum 2:2 to get any of them and I won't have that.
Could it be that a firm will let me do ACCA instead?

bigmc23

ryanf1 wrote: »

You need a minimum 2:2 to get any of them and I won't have that.
Could it be that a firm will let me do ACCA instead?

ive no idea. Best to make some enquiries yourself

masoodsarwar

ryanf1 wrote: »

I'm going to graduate from my degree with lower than a 2:2 which is required to obtain CAP1 Exemptions.
Can I forget about securing a Training Contract with this? I was aiming for a 2:2 and thats whats on my CV but I know now thats not going to happen

I think you can do a Voluntary resit to get the exemptions. Dont panic, just focus on next exams and if you have finished the exams just hope for the best till results.

Gael23

masoodsarwar wrote: »

I think you can do a Voluntary resit to get the exemptions. Dont panic, just focus on next exams and if you have finished the exams just hope for the best till results.

I always knew getting a 2:2 was going to be a tall order but set myself the challenge. I had an exam yesterday and after that I knew it wasn't going to happen.
I know if I just missed out on 1 paper I could easily do a voluntary resist but when I don't have any I'm not sure that's an option.

Prettyblack

There's always the Elevation programme, where you can sit CAP 1 yourself and then go to a firm once you've done. Or a business for that matter.

Gael23

Prettyblack wrote: »

There's always the Elevation programme, where you can sit CAP 1 yourself and then go to a firm once you've done. Or a business for that matter.

That could be an option. Do you have any idea of the costs involved?

TonyStark

ryanf1 wrote: »

That could be an option. Do you have any idea of the costs involved?

www.charteredcareers.ie will probably have the answer you need. :-)

Could you sit the CAP 1 exams externally?

Jim2007

ryanf1 wrote: »

I always knew getting a 2:2 was going to be a tall order but set myself the challenge.

Well I know this is not going to be a popular comment, but if you have given it your all and you fail to deliver a 2.2, then I think you need to consider if going for the professional exams is the right choice for you? The exams are considerably more difficult than a degree and must be obtained while holding down a job as well so it is a tall order.

On the one hand I'd hate to discourage someone from following their dreams, but at the same time I'd hate to see anyone wasting time and money on some thing that is not going to work out for them, because it means they are not pursuing something else that would make them happy.

Gael23

TonyStark wrote: »

www.charteredcareers.ie will probably have the answer you need. :-)

Could you sit the CAP 1 exams externally?

I don't know if sitting them all externally is really feasible. I knew I was going to be missing one paper and would have sat that externally.

Jim2007 wrote: »

Well I know this is not going to be a popular comment, but if you have given it your all and you fail to deliver a 2.2, then I think you need to consider if going for the professional exams is the right choice for you? The exams are considerably more difficult than a degree and must be obtained while holding down a job as well so it is a tall order.

On the one hand I'd hate to discourage someone from following their dreams, but at the same time I'd hate to see anyone wasting time and money on some thing that is not going to work out for them, because it means they are not pursuing something else that would make them happy.

I get your point. I suppose after Studying accounting its the assumed career path and I'm not quite sure where else to go.
I did hit a few bumps along the way during college, some advisable and some not so but I kind of thought it would come right in the end

Jim2007

ryanf1 wrote: »

I don't know if sitting them all externally is really feasible. I knew I was going to be missing one paper and would have sat that externally.

I get your point. I suppose after Studying accounting its the assumed career path and I'm not quite sure where else to go.
I did hit a few bumps along the way during college, some advisable and some not so but I kind of thought it would come right in the end

Well honestly, I think it is going to be very hard to stay focused for 3+ years, if the only motivation you have to fall back on is the fact that it is what you have done up to now! And on top of that there is a working life of say 30 years to be got through. That is a long time to be doing something you are not passionate about!

If accounting was banned tomorrow, what would you do, what are you passionate about, what do you get a buzz out of?

Gael23

Jim2007 wrote: »

Well honestly, I think it is going to be very hard to stay focused for 3+ years, if the only motivation you have to fall back on is the fact that it is what you have done up to now! And on top of that there is a working life of say 30 years to be got through. That is a long time to be doing something you are not passionate about!

If accounting was banned tomorrow, what would you do, what are you passionate about, what do you get a buzz out of?

Thats something I would need to think about but its possible it would be something totally different.
I guess I just feel my skills are geared towards accounting at this stage. I know I maybe could have worked a little harder but I always thought it would work out.

autumnbelle

Don't panic to much yet, you can always repeat at end of the summer. Bust yourself to bring up your results. Be honest with firms. If you have resists or won't meet exemptions

Gael23

autumnbelle wrote: »

Don't panic to much yet, you can always repeat at end of the summer. Bust yourself to bring up your results. Be honest with firms. If you have resists or won't meet exemptions

I think you can only repeat if you have failed an exam, I'm not certain on that though. There may be an option to sit a few externally, I don't see it as being possible to take all 5 though
I know I have to be honest with firms but I also know if I am, i'm out of the running straight away.
One of my exams didn't go as well as I was hoping and I was basing getting a 2:2 on it going better so while I think my grades will be better than previous semesters, it won't be enough to get me a 2:2

shuyin1

ryanf1 wrote: »

I think you can only repeat if you have failed an exam, I'm not certain on that though. There may be an option to sit a few externally, I don't see it as being possible to take all 5 though
I know I have to be honest with firms but I also know if I am, i'm out of the running straight away.
One of my exams didn't go as well as I was hoping and I was basing getting a 2:2 on it going better so while I think my grades will be better than previous semesters, it won't be enough to get me a 2:2

College should let you resit for exemptions, ask them. It has no bearing on your award level. It's easier to get 50% in college than cap1!

Up to you to decide how future exams go, you have to consider the prof exams are on a different level and dedicate more to it. Pass your repeats and get exemptions then go from there.

Jim2007

ryanf1 wrote: »

Thats something I would need to think about but its possible it would be something totally different.
I guess I just feel my skills are geared towards accounting at this stage. I know I maybe could have worked a little harder but I always thought it would work out.

Well again, if you come out with a pass degree... I don't see it as a great indication of your accounting skills and certainly not a good enough reason to keep ploughing along.

What I would suggest to you is to do your level best now to achieve that 2.2, so that no matter what happens you will not end in 'If I only had...' camp when the results come out. And once you get the exams over you and you are free to relax, take a little time out to think about what you really want to do in live.

In my own case I can tell you that after qualifying with a Big 4, I resigned with then days of getting my certificate and never went back. I realised that it would be soul destroying to spend the next 30 years doing a job I had very little interest in and I was not prepared to do that. My passion was programming, in college although I did a business degree, I used to spend most of my time hanging out with the geeks in the computer science lab! So I decided to give it a go and as a result I've spent the last 25 years working on various projects in Europe. And I still get the same buzz today as I did 20 years ago when I hit the run button and my code comes to life.

So I would say that whatever you do, let it be something you are passionate about because it is very easy to go to to work when you are doing something that really gives you a buzz.

Prettyblack

Firms would be tougher on results than industry; companies tend to prefer to hire the person rather than the results. So look beyond big 4 / practice. There's loads of industry companies now who are training.