The information below applies to students graduating in or before 2016.  The Institute is currently reviewing exemptions and, while major changes are not expected, this will be monitored.

Summary of Possible Exemptions:

Exemptions from CA Proficiency 1 (CAP1) exams are available to students who:

(a) obtain a minimum award of 2.2.
(b) meet the thresholds specified in the table below for certain subjects:

LM050 Bachelor of Business Studies (Honours Bachelor Degree) and LM052/053/055 Bachelor of Business Studies with a Modern Language (052 French: 053: German 055 Japanese) 
(Honours Bachelor Degree)

CAP 1 Subject Qualifying Modules

  BBS Grade Average
Paper 1
Finance

AC4001 Principles of Accounting
AC4002 Managerial Accounting
FI4003   Finance
AC4305 Financial Information Analysis
FI4005   Advanced Corporate Finance

 Minimum average 2.5; any D grade takes 
average below the exemption threshold
Paper 2
Management Accounting		 AC4002 Managerial Accounting 
AC4417 Management Accounting 1
AC4418 Management Accounting 2

Minimum average 2.5; any D grade takes
average below the exemption threshold
Paper 3
Financial Accounting		 AC4004 Accounting & Auditing Frameworks
AC4024 Financial Accounting & Reporting
AC4305 Financial Information Analysis
AC4007 Advanced Financial Reporting		 Minimum average 2.5; any D grade takes
average below the exemption threshold
  I have achieved a minimum C3 grade in module AC4001Principles of Accounting

Paper 4A
Taxation (ROI)
(1/2 Paper)

 TX4305 Taxation Theory & Practice
TX4407 Corporate Taxation		 Minimum average 2.5; any D grade takes
average below the exemption threshold
Paper 4B
Law for Accounting
(1/2 paper)		 LA4005 Legal Environment of Business
LA4008 Company & Partnership Law		 Minimum average 2.5; any D grade takes
average below the exemption threshold


LM020 Bachelor of Arts in Law & Accounting (Honours Bachelor Degree)

CAP 1 Subject Qualifying Modules

  Grade Average
(BA Law & Accounting)
Paper 1
Finance

AC4001 Principles of Accounting
AC4002 Managerial Accounting
FI4003   Finance
AC4305 Financial Information Analysis
FI4015  Corporate Finance

 Minimum average 2.5; any D grade takes 
average below the exemption threshold
Paper 2
Management Accounting		 AC4002 Managerial Accounting 
AC4417 Management Accounting 1
AC4418 Management Accounting 2

Minimum average 2.5; any D grade takes
average below the exemption threshold
Paper 3
Financial Accounting		 AC4004 Accounting & Auditing Frameworks
AC4024 Financial Accounting & Reporting
AC4305 Financial Information Analysis
AC4007 Advanced Financial Reporting		 Minimum average 2.5; any D grade takes
average below the exemption threshold
  I have achieved a minimum C3 grade in module AC4001Principles of Accounting

Paper 4A
Taxation (ROI)
(1/2 Paper)

 TX4305 Taxation Theory & Practice
TX4007 Taxation for Corporates		 Minimum average 2.5; any D grade takes
average below the exemption threshold
Paper 4B
Law for Accounting
(1/2 paper)

LA4022 Commercial Law
LA4530 Company Law 1
LA4540 Company Law 2

 Minimum average 2.5; any D grade takes
average below the exemption threshold

Note 1: To qualify for the Financial Accounting exemption, a minimum grade C3 is required in AC4001 Principles of Accounting, in addition to obtaining the required grade average as set out above.

How to Check your Progress
If you would like to know your progress towards qualifying for an exemption from any CAP1 paper, you can do so by using the appropriately attached spreadsheets:

BBS (A&F):    CAI CLAIM2013BBS.xls
BA Law & Accounting:     CAI CLAIM 2013 L&A.xls

Simply answer 'Yes' to both questions in Step 1, then for each CAP1 paper, input the grades for the modules you have attempted so far.  This will show you your grade average to-date and will enable you to determine your grade requirements for the remaining modules.

Claiming Exemptions
Following the receipt of your final semester grades, you will be in a position to determine your exemptions entitlement.  To claim your exemptions from the CAI, simply:

  1. Complete the appropriate exemptions spreadsheet following the instructions in it and forward it by email to Kathleen Regan (Kathleen.Regan@ul.ie).
    BBS (A&F)  CAI CLAIM 2013 BBS.xls 
    BA L&A  CAI CLAIM 2013 L&A.xls
  2. Complete the CAI Application Form listing the exemptions that you are claiming and enclosing a copy of your student transcript.  If you have a training contract, your employer may be submitting this form on your behalf.  It may be worth confirming with them if this is the case.  The closing date for submission is 29th July.
     

Missed out on Exemptions?

It may happen that, having verified your exemptions entitlement, you have not secured an exemption from all the CAP1 papers.  In such circumstances, it may be possible to undertake the CAI exam as an external student for the CAP1 paper(s) on which you missed out.  These exams are normally held by the CAI in May and September.

To apply to sit as an external student, simply complete the CAI Application Form (External Entry), ensuring that it is stamped by Student Academic Administration as appropriate.  Submit the complete form (together with the appropriate fee and any requested documentation) to the CAI before the deadline for the appropriate sitting (May sitting - 5th February; September sitting - 23rd July).

Information and Contact Details:

Chartered Accountants Ireland
Chartered Accountants House
47-49 Pearse Street
Dublin 2
Tel:    +353 (0)1 637 7200 
Fax:   +353 (0)1 668 0842
Email: kelda.lewis@icai.ie 
Web:   http://www.charteredaccountants.ie/General/About-Us/Chartered-Accountancy/Becoming-a-CA/Exemptions/