Accounting Exemptions

Requirements for Exemption from Professional Examinations

Accounting graduates qualify for exemption from some of the examinations held by certain professional accountancy bodies for admission to membership. Details of the specific exemptions currently given by the various professional accountancy bodies are set out below:

Chartered Accountants Ireland (CAI)

The requirements for exemption from CAI CAP 1 examinations:
https://www.charteredaccountants.ie/Prospective-Students/Apply-and-Join/Exemptions/QUBBSCA 

CAI External Sitting:
There is a facility whereby a student who fails to achieve the agreed criteria for exemptions in any subjects at CAP 1 may, if he/she wishes, present for one or more subjects in either the spring (May) or autumn (September) session of CAI’s examinations in the final year of their degree programme. Please note that students sitting CAI examinations in Financial Accounting and Taxation will also have to do an assessment exercise as well as the relevant examination. More information on this can be obtained directly from CAI: www.charteredaccountants.ie.

The requirements for exemption from CAI CAP 2 examinations: 
https://www.charteredaccountants.ie/Prospective-Students/Apply-and-Join/Exemptions/qubmaa

Association of Chartered Certified Accountants (ACCA)

MAcc Advanced Accounting with placement/BSc Accounting
Business and Technology
Management Accounting
Financial Accounting
Corporate and Business Law
Performance Management
Taxation
Financial reporting
Audit and Assurance
Financial Management

BSc Accounting with language/ BSc Economics & Accounting
Business and Technology
Management Accounting
Financial Accounting
Corporate and Business Law
Performance Management
Taxation
Financial reporting
Financial Management

If you have any queries regarding exemptions, including how to apply, please contact ACCA via e-mail students@accaglobal.com or telephone 0141 582 2000.

Association of International Accountants (AIA)

MAcc Advanced Accounting with placement/BSc Accounting/BSc Accounting & Language/BSc Economics & Accounting

Foundation Level
Financial Accounting
Management Accounting
Corporate Governance and Audit
Business Management

Professional Level 1
Financial Accounting and Reporting 1
Principles of Governance and Audit
Management Accounting
Business Law for Accountants
Taxation (UK)

Further details are available at: https://www.aiaworldwide.com/study/exemptions/

Chartered Institute of Management Accountants (CIMA)

MAcc Advanced Accounting with placement
BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law
E1 Managing Finance in a Digital World
F1 Financial Reporting
P1 Management Accounting
E2 Managing Performance
F2 Advanced Financial Reporting
P2 Advanced Management Accounting
Operational Case Study Exam

BSc Accounting/BSc Accounting & Language/ BSc Economics & Accounting
BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law
E1 Managing Finance in a Digital World
F1 Financial Reporting
P1 Management Accounting
Operational Case Study Exam

Further details are available at: https://www.aicpa-cima.com/exemption-calculator/professional

If you have any queries regarding exemptions, please contact CIMA on 0208 849 2251.

Chartered Institute of Public Finance and Accountancy (CIPFA)

MAcc Advanced Accounting with placement/BSc Accounting
Financial Accounting
Management Accounting
Audit and Assurance
Business planning and Financial Management
Business reporting
Tax & Law (UK)

BSc Economics & Accounting
Financial Accounting
Management Accounting
Business planning and Financial Management
Business reporting
Tax & Law (UK)

Further details are available at: https://www.cipfa.org/qualifications/exemptions

Institute of Chartered Accountants in England and Wales (ICAEW)

MAcc Advanced Accounting with placement
Accounting
Assurance
Business Technology and Finance
Financial Management
Law
Management information
Principals of Taxation

BSc Accounting/BSc Accounting & language/BSc Economics & Accounting
Accounting
Assurance
Business Technology and Finance
Law
Management Information
Principals of Taxation

Further details are available at: https://apps.icaew.com/cpldirectory

Institute of Chartered Accountants in Scotland (ICAS)

MAcc Advanced Accounting with placement/BSc Accounting
Reporting and Performance
Business Management and Finance
Business Law
Assurance
Taxation

BSc Economics & Accounting
Reporting and Performance
Business Management and Finance
Business Law
Taxation 

Further details are available at: https://www.icas.com/become-a-ca/exemptions/icas-accredited-degrees