Accounting Payroll & Financial Studies
This course is designed to enable the learner to develop a keen understanding of principles and practices of the maintenance of financial records, both manually and using integrated accounting software. Learners will gain the knowledge and skills necessary to maintain payroll records and perform many office administrative and financial procedures.
| Award Name | Level 5 Certificate (Level 5 NFQ) |
|---|---|
| NFQ Classification | Major |
| Awarding Body | QQI |
| NFQ Level | Level 5 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Level 5 Certificate (Level 5 NFQ) | Major | QQI | Level 5 NFQ |
Duration
1 year full-time.
Entry Requirements
Leaving Certificate with five O6 grades (or five passes pre 2017) or equivalent is the standard entry requirement for Level 5 courses. Leaving Certificate Applied or QQI Level 4 Award are also acceptable on the majority of Level 5 courses.
Some courses have subject specific requirements and these will be noted on relevant course pages.
A QQI Level 5 award or equivalent in a relevant subject area is the standard entry requirement for Level 6 Advanced Certificate courses.
Careers / Further progression
Career Prospects
Accounting, Payroll & Financial Studies graduates find employment in diverse fields. Here are some of the most popular career destinations you could progress to:
Accounts Assistant
Payroll Assistant
Clerical Assistant
Business/Financial Analyst
Personal Assistant.
MI Progression
Level 6 Advanced Certificate in IT & Business Management
Accounting Technician Ireland (ATI) Apprenticeship
Degree Progression
There are many degree options available from this course, including:
DkIT (Years 1 and 2 at Monaghan Institute) Business Level 8
DCU Accounting and Finance Level 8
UCD Commerce Level 8
University of Galway Commerce (Global Experience) 8
Maynooth University Accounting and Finance 8
Further information
QQI Exam Fee € 50.00
Administration Fee € 50.00
Capitation Fee €100.00
Good News Regarding Your Course Fees
In August 2022 Monaghan Institute and CMETB announced plans to significantly reduce fees on full time courses. This means that your course fees have been reduced to a maximum of €200. If you have a Medical Card/Social Welfare Payment, the fee will be €150. This fee includes all course materials and exam fees.
Full-time learners may be eligible to apply for PLC maintenance grants, which are means tested. For further details, visit www.studentfinance.ie or www.susi.ie where applications can be made online or downloaded.
You can apply online now. Applications close in October each year and reopen for the next academic year in January.
Monaghan Institute operates a policy of selection and admission of learners that is, at all stages and in all ways, equitable, transparent and accountable and respects the rights and dignity of applicants. The process for gaining access to full time courses at Monaghan Institute consists of several sequential stages:
Application
Interview (where applicable)
Selection and notification
Registration
Induction (where applicable)
Garda Vetting (where applicable)
Monaghan Institute operates under the CMETB FET Admissions Policy, which is available on our Policies page.
Is This Course Right For You?
This course aims to give participants the knowledge and skills to carry out the accounts and payroll function in a small or medium business. It is a good addition to the CV of anyone wishing to improve career prospects in office administration or payroll but also an excellent starting point for candidates wishing to progress further into accountancy and finance studies at third level institutions in Ireland.
What Will You Study?
This course will focus on a range of accounting and business related subjects to assist the learner to develop the skills to work in a variety of roles in an organisation including accounts, payroll and administration. In addition, work experience within a business setting forms an integral part of the course.
Areas of study to include:
Accounting – Manual & Computerised
Business Law
Payroll – Manual & Computerised
Business Administration Skills
Statistics
Spreadsheet Methods
Word Processing
Taxation
Customer Service
Work Experience
How will I be assessed?
You will be assessed on the basis of:
• Examinations
• Project Work or Assignments
• Skills Tests
5M2102 - Business Studies
Qualifications Obtained
5M2102 QQI Level 5 Business Studies.
Monaghan Institute Education Campus,
Armagh Road,
Monaghan
Tel. 047-84900
E-mail: info@monaghaninstitute.ie
Visit our Website on www.monaghaninstitute.ie