Careers rarely develop the way we plan them. Our career path often takes many twists and turns, with particular events, choices and people influencing our direction.

We asked Shane Callanan from Smart Futures to give some advice for people considering this job:

 

Shane Callanan

Electronic Engineer

Smart Futures

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  Shane Callanan
Being an Engineer is a great career choice. It offers so many opportunities both in Ireland and world-wide. Most positions will have terrific travel opportunities after a few years experience under your belt, and if you choose you course carefully your qualification will be recognised by employers all over the globe. Also an engineering qualification will open doors into management roles if that is your preferred career choice, but the reverse is not the case (if you do a course outside of engineering, you will probably not be able to branch off into engineering a few years after graduating).
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Realist?
Realist 
Realists are usually interested in 'things' - such as buildings, mechanics, equipment, tools, electronics etc. Their primary focus is dealing with these - as in building, fixing, operating or designing them. Involvement in these areas leads to high manual skills, or a fine aptitude for practical design - as found in the various forms of engineering.

Realists like to find practical solutions to problems using tools, technology and skilled work. Realists usually prefer to be active in their work environment, often do most of their work alone, and enjoy taking decisive action with a minimum amount of discussion and paperwork.
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Accountancy & Taxation
   

Information from National Skills Bulletin 2009, compiled by FAS and the Expert Group on Future Skills Needs
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• Tax Accountant
 
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Accountancy & Taxation icon

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Accountants work in every type of organisation, from the newest tech start up, to the oldest bank - all need financial experts to serve and advise them on their business.

ACCOUNTANCY

The job of an Accountant is to help businesses to achieve their targets by providing information on finance, business performance and progress, and to ensure that the individual or company is in compliance in important areas such as Taxation, Company Returns and Contractual Obligations etc.. The accountant will assess the client's income and outgoings, look at the financial dealings of the company and advise accordingly.

Accountants are not only found in the business environment. They work in a wide range of organisations from charities and government bodies, to sporting organisations. This means that people who qualify to work in this field have wide range of opportunities to choose from across the sectors - for example, if you are the kind of person who sees yourself working for a charitable organisation rather than in the corporate sector, you can serve as an important advisor, ensuring that the charity gets the best use of its money, and that charitable status is maintained, by preparing and issuing required documents in good time.

Opportunities to work in a wide variety of sectors, excellent remuneration and relative job security, makes a career in accountancy an attractive choice.  It is estimated that there are over 2.5 million accountants worldwide. In Ireland, demand for accountants in all areas continues to flourish, and there is currently a shortage of qualified accountants.

Accountancy with a language is increasingly attractive to employers, especially in the International Financial Services Centre. 


Getting into Accountancy and Finance - Video presentation (Accounting Technicians Ireland)

Accounting and Financial Management is at the core of all financial management activity. There can be a degree of overlap between the different professions, but the sector can be broadly divided into those firms that provide advice and accounting services to a range of clients in the public and private sector (this area has traditionally been called private practice) and those working in one particular organisation – in industry or commerce, the public sector, privatised industries and the health service.

Accounting Technician

People in this role may work on their own or alongside professional accountants. They are involved in the day-to-day practical work of accountancy and perform a wide range of finance roles such as financial accounting and budgeting, costing and credit control, payroll administration and tax returns. 

Management Accountant

The Job of a Management Accountant is to track the income and assets of the business they work for. They pay particular attention to the firm’s income and expenditure.  A typical task for a Management Accountant would be developing and using computer information systems to track the financial performance of the company.

Financial Accountant

The Financial Accountant works with the accounts that every business, regardless of its size, is required to keep by law. The accountant may be self-employed or work for an Accountancy Firm hired to carry out financial tasks. Financial accountants are primarily involved in auditing Company accounts and calculating VAT, PAYE or PRSI returns for employees. They would also prepare Company Financial Statements and Accounts for presentation to the Revenue Commissioners.

Chartered Accountant

A Chartered Accountant provides professional financial services to businesses. Auditing, taxation, accounting, financial analysis, risk management and advising on financial structures are just some of the wide ranging services provided by practicing firms of Chartered Accountants. 

Getting into Accountancy

Although it is still possible to join straight from school, more and more students are opting into accountancy from graduate level, typically by taking a third level course in Business/Finance and then specialising in Accountancy.

The course chosen must be recognised by one of the professional accountancy bodies: Chartered Accountants Ireland (CAI); Accounting Technicians Ireland (IATI), The Chartered Institute of Management Accountants (CIMA),  the Association of Chartered Certified Accountants (ACCA) or The Institute of Certified Public Accountants in Ireland (CPA). You would work for a firm of Accountants (Financial Accounting) or in the accounting department of a company (Management Accounting). While continuing to work, you would join one of these professional bodies and complete your professional accountancy exams over a period of time.

Promotional Video from Chartered Accountants Ireland

Because Accountants spend a lot of time looking under the hoods of businesses, so to speak, they really learn how the engine of business works. It's no surprise that many successful business players began their careers as Accountants. Most Chief Financial Directors of large companies have a background in accounting.

Taxation

The taxation sector in Ireland has experienced significant growth in recent years. The favourable corporate tax regime available to businesses in Ireland, together with the complexity of taxation laws and the fact that they apply to every area of business, means that most companies employ tax specialists. The importance of the EU to the Irish economy has also created many opportunities to work abroad in this field.


Video presentation (Irish Tax Institute)

Although one of the smallest fields in finance, taxation is the cornerstone of every business transaction and commercial decision and as such there is an ever growing demand for outstanding tax consultants particularly for those with proven advisory skills. The constantly growing international dimension to all areas of business in Ireland means that knowledge of overseas tax jurisdictions is increasingly sought after.

Taxation is a constantly changing discipline – one of the tax consultant’s greatest challenges is to stay abreast of domestic and international development and to translate these into opportunities for clients or the organisations they work for. As Ireland’s tax regime operates on a self-assessment basis, there is a strong demand for quality taxation advice.

Taxation Adviser

Tax consultancy is one of the fastest growing and best-rewarded professions in Ireland. Qualified tax advisers are recruited by:

  • Major taxation/accountancy firms
  • Major financial institutions
  • All the major legal firms
  • Larger quoted companies 
  • Multinational corporations located in Ireland 
  • Many government departments

Tax advisers can also join or establish smaller consultancy firms. Taxation courses ranging from one year technician courses to three year professional qualifications are available. The main qualification is the AITI, acheived by passing the Irish Tax Institute examinations. This can be persued full time, at night or through home study. For more detail on a career in Taxtation see our Sector Expert the Irish Tax Institute above.

Sector Outlook

Demand for qualified and part qualified accountants is set to continue, as all eyes remain firmly on the books while Ireland moves through what has been a difficult financial period. Qualified and newly qualified accountants are required within the pharmaceutical, manufacturing and energy industries, as are accountants with experience in insolvency and forensics. There is also a steady demand for compliance and risk professionals.

The National Skills Bulletin (2013) reported skills shortages for the finance sector in the areas of Risk, Regulatory Compliance, Accounting (solvency, financial management, multilingual technicians), Fraud, and Credit control. The latest EGFSN Report reiterates shortages for niche and specialist roles including:
  • Accountants and auditors with skills in tax, compliance, solvency, and financial management, as well as specific industry experience, including banking and manufacturing
  • Risk analysts;
  • Regulatory professionals;
  • Actuaries
  • Finance and investment analysts (niche areas, financial securities)
  • Fraud analysts

Ref: Guidance for Higher Education providers on current and future skills needs of enterprise - Springboard 2014/ICT Level 8 Conversion Programme, EFGSN, February 2014. Click here to view report.


  
Useful Links
Total Records:
Name Full Address Phone Number
ACCA - Association of Chartered Certified Accountants ACCA Ireland, 9 Leeson Park, Dublin 6

01 - 498 8900

Accounting Technicians Ireland Accounting Technicians Ireland, 47-49 Pearse Street, Dublin 2

01 - 649 8100

Chartered Accountants Ireland Chartered Accountants House, 47-49 Pearse St, Dublin 2

01 - 637 7200

CIMA -The Chartered Institute of Management Accountants CIMA Ireland, 5th floor, block E, Iveagh Court, Harcourt Road, Dublin 2

01 - 643 0400

CPA - Institute of Certified Public Accountants The Institute of Certified Public Accountants in Ireland, 17 Harcourt Street, Dublin 2

01 - 425 1000

Department of Finance Govt. Buildings, Upr. Merrion St., Dublin, 2

01 - 676 7571

Institute of Incorporated Public Accounts Heather House, Heather Road, Sandyford, Dublin 18

01 - 206 9000

Institute of Public Administration Institute of Public Administration, 57-61 Lansdowne Road, Ballsbridge, Dublin 4

01 - 240 3600

Irish Taxation Institute Irish Taxation Institute, South Block, Longboat Quay, Grand Canal Harbour, Dublin 2

01 - 663 1700

Revenue - Iriah Tax and Customs Dublin Castle, Dublin, 2.

1890 333 425

The Society of Actuaries in Ireland Clanwilliam House, Clanwilliam Plc, Dublin 2

01 - 634 0020

 

 
Company Profiles 2
 
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  about career opportunities?
  about education and training?
  about global opportunities?
  their advice for career seekers?


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Online Resources 2
• Chartered Accountancy Ireland
• Institute of Chartered Secretaries and Administrators - ICSA

62 CAO / HETAC Courses
Central Applications Office 62 courses found.
View full list

Some example courses in this sector...

• Accountancy - ACCA
Limerick City College
• Accountancy - ACCA
Independent Colleges
• Accountancy and Management
Limerick City College
• Accountant - Chartered Certified - ACCA
Cork City College
• Accounting
Cork Institute of Technology
• Accounting
Athlone IT
• Accounting
Galway-Mayo IT
• Accounting
IT Carlow
• Accounting
UCC (NUI)
• Accounting
Waterford IT
• Accounting
NCI
• Accounting
IT Sligo
• Accounting
Cork Institute of Technology
• Accounting
IT Tallaght
• Accounting
IT Carlow
• Accounting and Finance
DCU
• Accounting and Finance
DIT
• Accounting and Finance
IT Blanchardstown
• Accounting and Finance
IT Tallaght
• Accounting and Finance
Dundalk IT
• Accounting and Finance
Griffith College. Limerick
• Accounting and Finance
Griffith College. Cork
• Accounting and Finance
Griffith College. Dublin
• Accounting and Finance
NUI Maynooth
• Accounting and Finance
American College
• Accounting and Finance
American College
• Accounting and Finance
Griffith College. Limerick
• Accounting and Finance
ICD Business School
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IT Tallaght
• Accounting and Finance
Independent Colleges
• Accounting and Finance
Dublin Business School
• Accounting and Finance (Thurles)
Limerick IT
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Galway-Mayo IT
• Accounting Technician
Athlone IT
• Accounting Technician (ATI)
Galway-Mayo IT
• Accounting Technician - Certified
Limerick City College
• Actuarial and Financial Studies
UCD (NUI)
• Actuarial Mathematics
DCU
• Actuarial, Financial and Mathematical Sciences - Common Entry
DCU
• Arts (Mathematics and Education)
NUI Galway
• Arts (subject option: Accounting)
NUI Maynooth
• B.A. in Education Irish and Business Studies
St. Patrick's College, Thurles
• Business
Griffith College. Limerick
• Business (Accounting & Administration)
Letterkenny IT
• Business (Accounting/Finance)
Limerick IT
• Business (Accounting/Finance)
Limerick IT
• Business - Accounting
Letterkenny IT
• Business and Accounting
NUI Maynooth
• Business in Accounting
Grafton College
• Business in Accounting
IT Sligo
• Business in Accounting
Dublin Business School
• Business in Accounting
Dublin Business School
• Commerce
UCD (NUI)
• Commerce - Accounting
NUI Galway
• Commerce International
UCD (NUI)
• Finance and Investment
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• Financial Mathematics
University of Limerick
• Financial Services
Dublin Business School
• Gnσ agus Gaeilge (Business & Irish)
DCU
• Law and Accounting
University of Limerick
• Law and Taxation
Limerick IT
• Legal Studies & Taxation
Limerick IT

25 PLC / FETAC Courses
PLC/FETAC Courses 25 courses found.
View full list

Sample courses...

• Accountancy
Colaiste Chathail Naofa
• Accountancy, Business & Taxation
Rathmines College of Further Education
• Accounting & Business - Advanced Diploma
Rathmines College of Further Education
• Accounting & Computer Applications
Crumlin College of Further Education
• Accounting & Finance with IT
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• Accounting - Certified Public CPA
Cork College of Commerce
• Accounting Technician
Colaiste Abbain
• Accounting Technician
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Blackrock Further Education Institute
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Mallow College of Further Education
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Tralee Community College
• Accounting Technician
Bray Institute of Further Education
• Accounting Technician
Colaiste Ide College of Further Education
• Accounting Technician
Cork College of Commerce
• Accounting Technician
Limerick College of Further Education
• Accounting Technician - Certified - ACCA
Rathmines College of Further Education
• Accounting Technician - Computerised Accounting
Cavan Institute
• Accounting Technician - Second Year
Crumlin College of Further Education
• Accounting Technician - Year 1
Ennis Community College
• Accounting Technician - Year 2
Ennis Community College
• Accounting Technician with IT Applications
Rathmines College of Further Education
• Accounting, Payroll & Clerical Studies
Monaghan Inst of FE & Training
• Advanced Accounting & Finance with IT
Limerick College of Further Education
• Mathematical Skills
Ballsbridge College of Further Education
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Post Grad Courses (from Qualifax)

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