Accounting - Cork
The accounting function provides timely, relevant and accurate information to the management of a business. This information is also used to assess the financial ‘health’ of a business and to make plans for the future. Accountants are involved in making many decisions necessary for the efficient operation of a business. Therefore, a well-run accounting function is critically important to the long-term management of a business.
| Award Name | Degree - Honours Bachelor (Level 8 NFQ) |
|---|---|
| NFQ Classification | Major |
| Awarding Body | Munster Technological University |
| NFQ Level | Level 8 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Degree - Honours Bachelor (Level 8 NFQ) | Major | Munster Technological University | Level 8 NFQ |
Duration
4 Years (8 Semesters)
Specific Subjects or course requirements
Score the necessary CAO points and meet Minimum Leaving Certificate entry requirements
6 Subjects
Subjects O6/H7 4
Subjects H5 2
Maths Grade 04/H7
English or Irish Grade O6/H7
Leaving Certificate General Entry Requirements
Minimum entry requirements may be satisfied by the results of more than one Leaving Certificate. The minimum entry requirements may be varied for non-standard applicants and holders of QQI-FET awards.
2nd Chance Maths Exam
Some students who apply for MTU courses may not achieve the required entry standard in Maths through the Leaving Certificate examination. For such applicants, the University offers a second chance to reach the required entry standard through a MTU Maths Exam.
This second chance facility allows applicants (depending on their results in the MTU Maths Exam) to gain entry to courses with an Ordinary Leaving Certificate Maths entry standard and (with a higher level of performance) courses with a Higher Leaving Certificate Maths entry standard.
Common Bonus Points Scale for Higher Level Maths
A bonus of 25 points is awarded to applicants who achieve a grade H6 or above in higher level (HL) Maths.
Formula:
All students presenting H6 or above in HL Maths will have 25 points added to their score for Maths.
The six highest subject points scores will then be counted to achieve a cumulative points score, as is normal practice. The bonus points will only be relevant in cases where the subject HL mathematics (including bonus points) is scored as one of the candidate’s six best subjects for points purposes. Consequently, if HL mathematics (cumulative points score) is not among these six subjects, the bonus points will not be included in the total points score. Bonus points will be awarded irrespective of the year in which the examinations were taken.
Foundation Maths
A minimum grade of F2 in foundation level Maths fulfils the minimum entry requirements in Maths for the following programmes
MT 541 Bachelor of Business
MT 571 BA in Early Childhood Education and Care
MT 574 BA in Social Care
MT 654 HC in Arts in Hospitality Studies
MT 655 HC in Arts in Culinary Studies
MT 941 Bachelor of Business (Honours)
MT 971 BA (Honours) in Early Childhood Education and Care
MT 974 BA (Honours) in Social Care
Maths is not required for entry to:
MT 575 BA in Community Development
MT 572 BA in Early Childhood Education & Care
MT 820 BA (Honours) in Contemporary Applied Art (Ceramics, Glass, Textiles)
MT 821 BA (Honours) in Fine Art
MT 822 BA (Honours) in Photography with New Media
MT 823 BA (Honours) in Visual Communications
MT 931 BA (Honours) in Popular Music - Electric Guitar
MT 932 BA (Honours) in Popular Music - Electric Bass Guitar
MT 933 BA (Honours) on Poplular Music - Keyboards
MT 934 BA (Honours) in Popular Music - Drums
MT 935 BA (Honours) in Popular Music - Voice
MT 936 BA (Honours) in Music
MT 938 BA (Honours) in Musical Theatre
MT 939 BA (Honours in Theatre and Drama Studies
Although not a requirement, if an applicant achieves a minimum grade of F2 in foundation level Maths this grade is recognised for entry and CAO points are awarded as follows: F1 = 20 points, F2 = 12 points.
Full details of minimum entry requirements for courses are outlined in the relevant course webpage. Applicants are advised to check the relevant subjects, tests, portfolios, and dates very carefully. In particular, there are early assessment procedures for some courses.
Leaving Certificate Vocational Progamme LCVP
Holders of the LCVP apply in the normal way through the CAO. Points are awarded on the same basis as for the Leaving Certificate. The link modules ‘subject’ may not be used to meet the minimum entry requirements.
LCVP Grade Points
Distinction 66
Merit 46
Pass 28
Leaving Certificate Applied Programme LCAP
The LCA subjects do not meet the minimum requirements for entry to MTU full-time courses. Holders of Leaving Certificate Applied qualifications may wish to proceed to a FET-QQI course and in turn apply to third level on the basis of their FET-QQI award.
Careers / Further progression
Employment Opportunities
Graduates from MTU accounting programmes secure employment within accountancy practices and also as accountants in industry. Prior graduates have secured training positions with “Big 4” accountancy firms (PwC, KPMG, EY, and Deloitte), and with medium and small accountancy firms. Industry employers include Apple, Dell Technologies, Dairygold, Kerry Group, Quintas, Musgrave Group, South Western Services (SWS), Financial Control Outsourcing Services (FCOS), PepsiCo, Bank of New York Mellon, and State Street Bank.
Accountant in practice
Accountant in industry
Banking/Finance
Business analyst
Management consultant
Purchasing and procurement
Self employed/entrepreneur
Supply chain analyst
Teaching and lecturing
Further Studies
Graduates with excellent exemptions from the professional accountancy bodies can enter industry or practice (i.e. work for an accounting practice). Suitably qualified graduates may apply to Master’s programmes within MTU or other higher institutions.
Further information
50
Entry 2024
Early online application (discounted): Fee €30 Closing Date: 20 January 2024 at 5pm
Normal online application: Fee €45 Closing Date: 1 February 2024 at 5pm
Late online application - restrictions apply (see page 3 2024 CAO Handbook): Fee: €60 Closing Date: 1 May 2024 at 5pm
Change of Mind - restrictions apply (see page 3 2024 CAO Handbook): Fee: Nil Closing Date: 1 July 2024 at 5pm
Exceptional online late application (see page 34 of the 2024 CAO Handbook): Fee €60 Closing Date: 22 July 2024 at 5pm
Be sure to complete any action well in advance of closing dates. You should avoid making an application close to a closing date. No extensions to closing dates will be allowed and all application fees are non-refundable.
LATE APPLICATIONS
Late Applications are those which are received after 5pm on 1 February 2024. The closing date for late applications is 5pm on 1 May 2024, subject to the restrictions listed on page 3 of the 2024 CAO Handbook. The online facility for late applications opens on the 5 March 2024 at 12:00 noon - a fee of €60 applies.
Exceptional Late Applications (Exception to the timetable)
The exceptional closing date of 22 July at 5pm applies only to applicants who are registered as an undergraduate student on 1 May 2024 in any year in any one of the participating HEIs (subject to the exclusions listed below). In order to avail of the Exceptional Late Application facility you must have entered the HEI through the CAO system. This is an exceptional late closing date and all steps must be completed by 5pm on 22 July. No changes may be made after this date.
If you did not enter your current course through the CAO system, you must first contact the Admissions Office of the HEI to which you wish to apply and they will inform you if you may submit an application direct to the institution.
Exclusions:
You may submit a late application only for entry to courses other than your existing course. If you wish to repeat the year in the same course you must arrange this within your HEI.
Mary Immaculate College Limerick, Marino Institute of Education, Trinity College Dublin, University of Limerick and Maynooth University have special procedures in place in the case of current or previous students who wish to apply for entry to another course in the same HEI. Such applicants must contact their Admissions Office to determine the application procedure. However, if you are a student in another HEI and you wish to apply to any of these five HEIs, you should apply through CAO.
Refer to page 34 of the 2024 CAO Handbook on how to make an Exceptional Late Application.
Restrictions
As a CAO applicant you may experience one or more of the following restrictions based on your course choices, your category of application, or restrictions imposed by the HEIs that you wish to apply to. Please read the section on 'Restrictions' on page 3 of the 2024 CAO Handbook carefully. This section includes information on:
General Restrictions
1. Making a late application
2. Making changes to your course choices
Restricted Courses
3. Applying for a restricted course
Mature Applicants
4. Mature applicants
Supplementary Admissions Routes
5. Applying for DARE and/or HEAR
This four year honours degree programme offers an advanced specialist education in accounting; providing a firm base for either further academic study, a career in business or for the pursuit of a professional qualification with one of the accountancy bodies. MTU offers accounting students the benefit of small class sizes initially which assists with a smoother transition from second level. MTU accounting lecturers have professional qualifications and relevant industry experience.
First Year at a Glance:
• Financial Accounting: preparing accounts for business
• Cost & Management Accounting: understanding accounting for decision making
• Economics: understanding how people use resources
• Law: understanding the legal system and how it affects business in Ireland
• Exploring the role of a manager in business
• Understanding the role of marketing for a company
• Learning to work with computerised accounts software, e.g. Sage
Question Time
Is there work placement?
Formal work placement (minimum of 15 weeks) is an integral element of the course and takes place in year 3.
What do I need to do after qualifying in MT 942 to become an accountant?
After attaining your BBus (Honours) in Accounting, you need to fulfil the additional requirements of the accountancy body with which you wish to qualify. This typically requires 3 to 3½ years relevant work experience in conjunction with additional professional examinations.
Will I receive exemptions from the main professional bodies?
Yes. The BBus (Honours) in Accounting currently has excellent exemptions for Chartered Accountants Ireland, Chartered Institute of Management Accountants, Association of Chartered Certified Accountants, and Certified Public Accountants. These exemptions ensure that our graduates can minimise the number of exams necessary to qualify as an accountant after completing this honours degree.
If I did not study Accounting at Leaving Certificate level, can I study MT 942 Accounting?
Yes. You do not have to have studied accounting for Leaving Certificate as all modules in year 1 assume no prior knowledge of content.
What career options are available other than a professional accountant?
Accountancy is a relevant background for any career in business. Many leading CEOs have an accountancy qualification. Accounting graduates can work in management, finance, insurance, banking, risk and compliance, project management, management consultancy, teaching and lecturing.
Sylvia Dempsey
T: +353 (0)21 433 5134
E: sylvia.dempsey@mtu.ie