Accounting Exemptions

Exemptions from the professional examinations of accountancy and taxation bodies in Ireland:

Chartered Accountants Ireland (CAI)

For information of the exemptions available to students of the B.Comm, B. Comm (Accounting), B. Comm (International) and B. Comm (Part Time) from the professional examinations of Chartered Accountants Ireland please see CAI

The Association of Chartered Certified Accountants (ACCA) 

  • The following are the exemptions for graduates of the B.Comm who graduated in 2012 or later:

-      Papers F1, F2, F3 and F4: Exemptions granted to all graduates.

-      Paper F5: Exemption available if the student has passed AY207 Management Accounting I and AY321 Management Accounting II.

-      Paper F7: Exemption available if the student has passed AY325 International Financial Reporting II and AY326 International Financial Reporting II.

-      Paper F9: Exemption available if the student has passed AY208 Business Finance I and AY314 Business Finance II.

  • Graduates of the B.Comm who graduated in 2011 or earlier should check the exemptions enquiry database on the ACCA website (http://www.accaglobal.com/ ) to see exactly which exemptions they are eligible for.
  • Graduates of the B.Comm (Accounting) are exempt from all nine papers at the “Fundamentals” stage of the ACCA examinations. Therefore, in order to complete the examinations for the ACCA qualification, graduates of the B.Comm (Accounting)  only need to complete the five papers at the final (“Professional”) stage.

Further information about the ACCA syllabus and examinations can be found at www.accaglobal.com

Irish Taxation Institute exemptions

For information of the exemptions available to students of all undergraduate and postgraduate programmes of the J. E. Cairnes School of Business & Economics, NUIG, from the professional examinations of the Irish Tax Institute (ITI) please consult the information booklet of the ITI at: http://taxinstitute.ie/Portals/0/Education/Prospective%20Area/AITI%20Chartered%20Tax%20Adviser%20(CTA)%20Student%20Handbook%202012_2013.pdf

Chartered Institute of Management Accountants (CIMA)

CIMA is the world's largest professional body of management accountants and offers a range of exemptions from all of our Bachelor of Commerce degree programmes at NUI Galway - the BComm, BComm (International with a language) and BComm (Accounting).  Please see http://www.cimaglobal.com/Study-with-us/Exemptions/ for the full range of exemptions.  If you have any query about these please feel welcome to call: Dr. Geraldine Robbins 091 493072 or email geraldine.robbins@nuigalway.ie. 
 

Certified Public Accountants (CPA)

Graduates of the B.Comm. graduates who have completed the Accounting stream are eligible for the following exemptions:

  • Formation 1: All papers.
  • Formation 2: Financial Accounting; Management Accounting; Taxation (if AY308 Taxation I & AY319 passed in B.Comm.); MIS (if MS203 Information Systems Management passed in B.Comm.)
  • Professional 1: Corporate Reporting; Managerial Finance (if AY314 Business Finance II passed in B.Comm.)

Graduates of the B.Comm (Accounting) are eligible for the following exemptions:

  • All Formation 1 papers.
  • All Formation 2 papers.
  • The Corporate Reporting and Managerial Finance papers in the Professional 1 examination.

Further information about the CPA syllabus and examinations can be found at http://www.cpaireland.ie/

The Chartered Institute of Public Finance & Accountancy Exemptions 2017

CIPFA Module Bachelor of Commerce (Accounting) GY207 Bachelor of Commerce GY201
Financial Accounting (FA) AY130 AY104
Management Accounting (MA) AY207; AY321; AY322 AY105; AY207; AY322
Company Financial Reporting (CFR) AY325; AY326; AY536 AY209; AY325; AY326
Audit and Assurance (AA) AY324; AY536 NO EXEMPTION
Corporate Governance and Law (CGL)/Government, Public Policy and Ethics (GPPE) LW190; LW290; LW423 LW190; LW290; LW423
Taxation (TAX)/Public Finance (PF) AY308; AY319 AY308; AY319
Strategy and Policy Development (SPD) NO EXEMPTION NO EXEMPTION

 The above exemptions are available from the Cipfa professional qualification diet of examinations (PQ or IPFM, dependent upon the applicant for exemption being designated as a domestic UK student or an international student). These exemptions are dependent on the successful completion of the designated degree programme and passing the relevant modules as shown above.

When applying for exemption the applicant must provide a transcript clearly showing that the modules specified above for the exemption requested have been passed. All university modules shown against a Cipfa module must be passed to be eligible for the exemption.

Applicants for exemption should refer to the provisions set out on the Cipfa website.