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Qualification Specification for:
ATI Level 5 Diploma for Accounting Technicians (QCF)
Qualification Number 600/0107/0
2 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Version Control Table
Version Document No:
Author Date Changes
Version 0.3 QS002 Education Dept. 20/03/2017 Final
3 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Foreword
Accounting Technicians Ireland offers the following qualification:
ATI Level 5 Diploma for Accounting Technicians (QCF) - (Second Year plus 2 years
work experience) Qualification Number 600/0107/0
The ATI Level 4 Certificate for Accounting Technicians (QCF) is awarded upon
completion of the first year and the Diploma for Accounting Technicians is awarded
upon successful completion of the Second Year examinations, plus the completion
of the compulsory work experience component.
More information about the qualification can be found here:
http://www.accountingtechniciansireland.ie/Students/Qualification_Pathway/
ATI is recognised as a UK Awarding Organisation and our educational activities are
therefore regulated by the Council for Curriculum, Examination & Assessment
(CCEA) in Northern Ireland. This status means that we are subject to Conditions of
Recognition by our Regulator. As part of CCEA’s Condition E3.2 Publication of a
qualification specification, an awarding organisation must ensure that the
specification for a qualification sets out:
(a) the qualification’s objective,
(b) any other qualification which a Learner must have completed before taking the
qualification,
(c) any prior knowledge, skills or understanding which the Learner is required to
have before taking the qualification,
(d) units which a Learner must have completed before the qualification will be
awarded and any optional routes,
(e) any other requirements which a Learner must have satisfied before the Learner
will be assessed or before the qualification will be awarded,
(f) the knowledge, skills and understanding which will be assessed as part of the
qualification (giving a clear indication of their coverage and depth),
(g) the method of any assessment and any associated requirements relating to it,
(h) the criteria against which Learners’ levels of attainment will be measured
(such as assessment criteria or exemplars),
(i) any specimen assessment materials, and
(j) any specified levels of attainment.
(k) where the awarding organisation is required to make such an assignment
under General Condition E7 (Total Qualification Time), the number of hours
which it has assigned to that qualification for each of Total Qualification Time
and Guided Learning,
(l) any value for credit which it has assigned to that qualification and any
Component of that qualification, and
(m)the level or levels which it has assigned to that qualification and any
Component of that qualification.
4 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Contents
1. About ATI ............................................................................................................................................................................................... 6
2. Qualification Information .................................................................................................................................................... 7
Assessment of learning achievement ......................................................................... 8
Assessment by Examination ..................................................................................... 8
Assessment of work-based learning .......................................................................... 8
Regulated assessment methods ................................................................................ 9
Appeals Procedures .............................................................................................. 9
3. Structure and Content: a summary of the qualification .................................................................. 10
Summary Unit Table .................................................................................................................................................................................. 12
2nd Year Mandatory Units .................................................................................... 13
Advanced Financial Accounting ................................................................................ 13
ADVANCED TAXATION Republic of Ireland (ROI) ........................................................ 21
ADVANCED TAXATION Northern Ireland (NI) ............................................................. 31
Management Accounting ......................................................................................... 42
Integrated Accounting Systems (IAS) ....................................................................... 49
Work Experience Units ............................................................................................................................................................................... 55
Essential Accounting Skills ...................................................................................... 55
Advanced Accounting Skills ..................................................................................... 57
Personal Development for Accounting Technicians ..................................................... 59
Using Information Technology ................................................................................. 61
Maintaining Accounting Systems .............................................................................. 63
Maintaining Statutory Compliance ............................................................................ 65
Essential Taxation Skills ......................................................................................... 67
Management and Cost Accounting ........................................................................... 68
Advanced Taxation Skills ........................................................................................ 70
Budget Preparation and Controls ............................................................................. 72
Auditing Processes ................................................................................................. 74
Law in Business ..................................................................................................... 76
Payroll Skills ......................................................................................................... 77
4. Centre Information....................................................................................................................................................................... 79
ATI Feedback/Feedforward paths ....................................................................................................................................... 80
Please refer to information about Appeals on Page 9. .............................................. 81
A holistic approach towards quality assurance .................................................................................................... 82
5. Results Information ................................................................................................................................................................. 83
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6. Professional Fees and Registration ........................................................................................................................... 83
7. Qualification Pathway .................................................................................................................................................................... 84
8. Further Study ....................................................................................................................................................................................... 85
9. Equality & Inclusion ........................................................................................................................................................................ 86
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1. About ATI
Accounting Technicians Ireland exists for the development, guidance and
representation of our members as specialists par excellence in the arena of
accounting, business and finance.
We achieve this through innovative education, our advocacy of the Accounting
Technician qualification, the building of tactical relationships and the steadfast
support of our members throughout their careers. In doing so, we empower our
members to reach the highest levels of excellence and professionalism
Values
The following values form the foundations that make our mission possible:
Excellence
In the standards we set ourselves, in the students we attract, and in the merits
and skills of our members.
Professionalism
In our governance, in the conduct of our students and our members, and in the
ongoing support we deliver.
Opportunity
In the accessibility of our courses, in our members careers, and in their
aspirations for further development.
Integrity
In our actions, in our teachings, and in the ethical conduct of our student and
our members.
Relevance
In our curriculum, in the workplace, in the relationships we build, and in the
ongoing support we bring to our students and our members.
7 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
2. Qualification Information
ATI offer the qualification:
ATI Level 5 Diploma for Accounting Technicians (QCF) (Second Year plus 2 years
work experience) Qualification Number 600/0107/0 for Accounting Technicians
which is available throughout the island of Ireland. This qualification is regulated by
CCEA and ATI is the awarding body.
Learner admission to ATI programmes are subject to documented Rules &
Regulations published on our website. This is a very comprehensive document and
addresses all aspects of participation in our programmes including entry
requirements, registration, withdrawal, payments, refunds, assessment, reasonable
accommodations, RPL, appeals, breaches of regulations etc.
The entry requirements for the ATI Level 5 Diploma for Accounting Technicians
(QCF) state the following:
School leavers (and other applicants under 21 years of age) must have
achieved the minimum entry requirement, normally at Leaving Certificate
(Republic of Ireland) or A/AS-Level (Northern Ireland).
For applicants in the Republic of Ireland, the minimum
requirement is five (5) passes in Ordinary level subjects, to
include English and either Maths or Accountancy, OR two (2)
passes in Ordinary level subjects together with two (2) passes
in Higher level subjects, again including English and either
Maths or Accountancy.
For applicants in Northern Ireland, the minimum requirement is
one A-level or 2 AS-levels, with at least a grade C in English
and either Maths or Accountancy at GCSE level.
Applicants may also be eligible if they have completed another nationally
recognised qualification such as QQI (in the Republic), or CCEA or BTEC (in
Northern Ireland). Further information on specific requirements is available on
request.
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Assessment of learning achievement
Assessment of achievement can be categorised under two broad headings:
Assessment by Examination
Assessment by Work-based learning Portfolio (or “Work Experience”)
All applicants are advised that they will be required to complete a total of eight (8)
written examinations which consists of four (4) exams in First Year as part of the
Certificate and four (4) exams in Second Year. They will also have to complete the
equivalent of two (2) year’s Work Experience assessed by portfolio. The portfolio is
based on nine (9) work-based modules
All aspects of learner assessment are managed through sub-committees of the
Education Board. The Board of Examiners has ultimate ownership of the results,
while the Work Programme Examinations Group is responsible for the “on-the-job”
assessment. The Assessment Appeals Panel manages complaints and appeals.
Assessment by Examination
ATI is the examining body and is responsible for the setting of all examinations.
Partner colleges have no role in the creation of examinations. All of our
examinations are held in a supervised environment (i.e. a suitable hall or computer
lab) organised and supervised by ATI. The written assessments consist of an
examination paper containing a set of structured questions to be answered. Most
examinations contain both a compulsory element and an optional element.
Assessment of work-based learning
Students are required to complete and submit the Work Experience application
once they have completed all eight exam examinations in first & second year. The
Work Experience application can be found by clicking on the link.
To ensure the veracity of the submission, all portfolio submissions must be ‘signed
off’ by a Workplace Mentor. This is not an assessment of the work but serves as an
assurance that the work was actually completed by the student.
Each submission is assessed by an independent Assessor who determines whether
or not the Learning Outcomes have been achieved. This assessment is based on the
published learning outcomes and each module can only be marked as:
Achieved
Not Achieved
There is a further ‘sample’ check by a separate Assessor in order to ensure that
assessment is fair and consistent. The final stage is approval by the Assessment
Panel, who makes the final decision on the work experience application assessment
results.
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Regulated assessment methods
Appeals Procedures
All examination and Work Experience results are subject to an appeals process
whereby a student may seek to have their result rechecked and/or reviewed.
A recheck is an administrative procedure undertaken to ensure that results have
been recorded accurately (e.g. that marks are totalled correctly and transferred
correctly to the database system). Due to the nature of portfolio assessment,
rechecks are only carried out for examination results.
A review is a “re-marking” of a script or Work Experience results by an independent
examiner/assessor (i.e. a different person, not involved in the original assessment)
to determine that the marking/assessment was done fairly and in line with the
agreed marking scheme.
Where a student is unsatisfied with the outcome of an appeal, they may make a
further appeal to our Appeals Assessment Panel, which will investigate how the
appeal was carried out and report its findings to the Education Board accordingly.
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3. Structure and Content: a summary of the qualification
ATI Level 5 Diploma for Accounting Technicians (QCF) (Second Year plus 2 years
work experience) Qualification Number 600/0107/0
Generally, examination-based modules are delivered in a ‘traditional’ classroom
environment by the partner colleges, however in order to assist students and
promote revision and “off-campus” learning, ATI provides a set of Online Tutorials
(approx. six (6) hours per subject) that students can access via our website
student portal (TouchPoint).
ATI has also published a Study Guide that encourages students to recognise their
own learning style(s) and approach their study accordingly.
ATI encourages students to form ‘study groups’ where they feel this is appropriate,
and students can use the Moodle-based Touchpoint system or Facebook to interact.
ATI also offer revision workshops as an optional extra to students and these
sessions are recorded and made available through TouchPoint after each event.
College-based assessments are based on written exam papers for each of the eight
(8) modules, while work-experience modules are assessed through a portfolio of
work and based on experience gained in a working environment. This varies from
accountancy practices to the accounting functions within industry and the public
sector. In all cases, students are supervised by an appropriate Workplace Mentor.
One of the main objectives of our programme is to ensure that all successful
graduates are able to function, either independently or as part of a team, as
Accounting Technicians in a work environment.
The ATI Accounting Technician Programme is delivered over two years using a
combination of college‐based and workplace learning.
Year
2 C
olle
ge
(Com
pulso
ry)
Year
1 C
olle
ge
(Com
pulso
ry)
Wor
k Exp
erie
nce
(Com
pulso
ry)
Wor
k Exp
erie
nce
(Ele
ctive
s)
Financial Accounting
TaxationLaw & Ethics
Business Management
Advanced Financial
Accounting
Advanced Taxation
IASManagement
Accounting
Essential Accounting
Skills
Personal Development for
Accounting Technicians
Using information Technology
Maintaining Statutory
Compliance
Advanced Accounting
Skills
Maintaining Accounting
Systems
Essential Taxation Skills or Management and
Cost Accounting
Advanced Taxation Skills or Budget Preparation and
Controls
Auditing Processes or Law in Business or
Payroll Skills
ATI Accounting Technicians – Programme Structure
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The programme consists of two main elements.
These are:
1) Eight (8) class based modules assessed over a two year period, with four (4)
modules assessed in 1st year and four (4) assessed in 2nd year of the programme.
There are no optional class based modules.
2) A total of nine (9) work based learning modules assessed over a two year
period. There are six (6) compulsory modules to be completed. Students must also
complete three (3) out of seven (7) optional modules within three pools.
The programme provides options to students within the work based learning
modules to reflect the nature of employment as an Accounting Technician. The
class based modules are all compulsory, reflecting the core nature of these modules
to the role of an Accounting Technician.
The Overall Qualification information for the Accounting Technicians Ireland
Diploma Level 5 is as follows:
Qualification Title Accounting Technicians Ireland Level 5 Diploma for
Accounting Technicians (QCF)
Qualification Number 600/0107/0 Level 5
GLH (Guided Learning Hours)
984
TQT (Total Qualification time)
1310
Credit 131
Unit Title Advanced Financial Accounting
Advanced Taxation
Management Accounting
IAS
Unit Reference Number
H/602/6068
K/602/6069
D/602/6084
L/602/6078
Unit Credit Value 8 8 8 8
Unit level 5 5 4 4
All Mandatory M M M M
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Summary Unit Table
Unit Title Unit Level
Credit Value GLH
Financial Accounting 4 8 80 Academic unit
Business Management 4 8 80 Academic unit
Law & Ethics 5 8 80 Academic unit
Taxation 4 8 80 Academic unit
Advanced Financial Accounting 5 8 80 Academic unit
Management Accounting 4 8 80 Academic unit
Integrated Accounting Systems 4 8 80 Academic unit
Advanced Taxation 5 8 80 Academic unit
Essential Accounting Skills 4 8 82 Work Exp Unit
Advanced Accounting Skills 5 20 199 Work Exp Unit
Personal Development for Accounting Technicians 4 4 42 Work Exp Unit
Using Information Technology 3 3 30 Work Exp Unit
Maintaining Accounting Systems 5 10 96 Work Exp Unit
Maintaining Statutory Conpliance 4 3 30 Work Exp Unit
Essential Taxation Skills 4 4 37 Work Exp Unit
Management and Cost Accounting 4 4 44 Work Exp Unit
Advanced Taxation Skills 5 13 130 Work Exp Unit
Budget Preparation and Controls 5 13 128 Work Exp Unit
Auditing Processes 4 2 20 Work Exp Unit
Law in Business 4 2 20 Work Exp Unit
Payroll Skills 4 2 20 Work Exp Unit
Colour means Member of ROC Group A - All are manditory
Colour means Member of ROC Group B - One must be completed
Colour means Member of ROC Group C - One must be completed
Colour means Member of ROC Group D - One must be completed
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2nd Year Mandatory Units
Advanced Financial Accounting
2nd Year – Mandatory Unit
Unit Title
Advanced Financial Accounting
Unit
Reference
Number
H/602/6068
Unit Level
Level 5
Credit
Value
8
GLH
80
Subject
Status
Mandatory
Terminal
Exam
100%
Module
Pass Mark
50%
Learning
Modes
Direct Lectures, Workshops, Online Tutorials, Self-Directed
Learning
Pre-
requisite:
Financial Accounting, Taxation and either Business Management or
Law & Ethics
Key Learning Outcome
The key objectives of this module is to ensure that learners build on the
competencies gained in Financial Accounting and develop a knowledge and
understanding of more advanced accounting issues.
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Key Syllabus Elements and Weightings
1. Conceptual and Regulatory Framework 30%
2. Financial Statements 50%
3. Interpretation of Financial Statements 20%
Learning Outcomes linked to Syllabus Elements
Conceptual and Regulatory Framework
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how: -
(a) An understanding of the influence of legislation and accounting; standards
on the production of published accounting information for organizations;
(b) An understanding of the accounting standard setting process;
(c) A knowledge of and ability to critically analyse specified accounting
standards;
(d) Be able to recognise and comment on professional ethical issues relevant
to business owners, managers and accountants.
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Financial Statements
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how:-
(a) The ability to prepare accounts from incomplete records;
(b) The ability to prepare financial statements for partnerships and
demonstrate an understanding of capital and current accounts for
individual partners;
(c) The ability to prepare accounts for limited companies for internal and
external purposes and demonstrate an understanding of the impact of
legislation and accounting standards on the publication of financial
statements;
(d) An appreciation of the importance of cash to business and the ability
to prepare cash flow statements for limited companies.
Interpretation of Financial Statements
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how:-
(a) An ability to understand, explain and use ratio analysis as a technique in
decision making and performance evaluation
(b) The ability to critically analyse and interpret financial statements and
communicate in a professional manner to relevant interested parties
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MODULE: ADVANCED FINANCIAL ACCOUNTING
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Conceptual and Regulatory Framework (30%)
Influence of legislation and accounting
standards on the production of published
accounting information for organisations
Impact of legislation on the preparation and
reporting of financial statements
Roles of the International Accounting Standards
Board, the Standards Advisory Council and the
International Financial Reporting Interpretations
Committee
Application of FRS 102 to the preparation and
presentation of financial statements
Framework for the Preparation and
Presentation of Financial Statements
FRS 102 – Section 1 (Scope)
FRS 102 – Section 2 (Concepts & Pervasive
Principles)
The objective of financial statements
Underlying assumptions
Qualitative characteristics of financial
statements
Elements of financial statements
Standard setting process
Standard setting process
Accounting standards and the law
Published accounts
The role of the stock exchange
Internal and external auditors and ethical
issues for the Accounting Technician
Role and duties of internal and external auditors
Internal control systems
Ethical issues and responsibilities accruing
Content and application of specified
sections of FRS 102 (excluding Group
Accounts throughout)
Section 3: Financial Statement Presentation
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Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Section 4: Statement of Financial Position
Section 5: Statement of Comprehensive Income
and Income Statement
Section 6: Statement of Changes in Equity and
Statement of Income and Retained Earnings
Section 13: Inventories
Section 7: Statement of Cash Flows (excluding
Foreign Exchange cash flows)
Section 10: Accounting Policies, Estimates and
Errors
Section 29: Income Tax (excluding Deferred
Tax)
Section 32: Events after the End of the
Reporting Period
Section 17: Property, Plant and Equipment
Section 20: Leases
Section 24: Government Grants
Section 21: Provisions and Contingencies
Professional ethical issues for business
owners, managers and accountants
Understanding and application of ethical issues
Financial Statements (50%)
Financial statements for limited companies
for internal and external purposes
Preparation of financial statements for limited
companies
Differences between a sole trader and a limited
company
Accounting records of a limited company
Capital structure of a limited company
Share premium account
Dividends
Reserves
Practical application of FRS 102 sections already
listed
Disclosure and filing requirements for
limited companies
Format and filing requirements
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Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Wording and layout of an Income Statement,
Statement of Comprehensive Income and
Statement of Financial Position
Size criteria for companies
Disclosure Requirements
Split of turnover
Details regarding staff numbers and
remuneration
Movement in non-current assets
Details of taxes owing
Cash flow statements for limited
companies and an understanding of the
importance of cash to the business entity
Preparation of cash flow statements in
accordance with FRS 102 Section 7: Statement
of Cash Flows
Importance of cash to a business entity
Preparation of reports on the interpretation of a
cash flow statement
Preparation of financial statements for
partnerships
Preparation of financial statements of a
partnership
Preparation of, and distinction between, the
capital and current accounts of individual
partners
The accounts of manufacturing businesses
Classification of costs
Work in progress
Preparation of the manufacturing account
Preparation of accounts from incomplete
records
Incomplete records
Preparation of accounts from incomplete records
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Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Interpretation of Financial Statements (20%)
Ratio analysis of accounting information
Broad categories of ratios
Profitability and return on capital employed
Long term solvency and stability
Short term solvency and liquidity
Efficiency
Shareholders’ investment ratios
Interpretation of Financial statements and
explanation of ratios used
Interpretation of Financial Statements
Explanation of information provided by ratios
Limitations of ratio analysis
Preparation of reports for the users of
accounting information as a tool in the
decision making process
Preparation of reports in a professional manner
Ratio analysis in the decision making process
20 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Assessment Criteria
Assessment
Techniques
Format of
Examination Paper
Sample Papers
100% Assessment based on the final examination.
The Paper Consists of SIX Questions which will examine all key
syllabus elements to ensure that learning outcomes are achieved
SECTION A
THREE Compulsory Questions
SECTION B
THREE Questions - Answer TWO
(All questions in Section B carry equal marks)
Each of the 3 sample papers will examine appropriate parts of this
syllabus.
Essential Reading
Advanced Financial Accounting
(Second Year)
Author: Accounting Technicians Ireland
Web Resources
www.AccountingTechniciansIreland.ie
www.charteredaccountants.ie
www.ft.com www.frc.org.uk
Other Resources
Business and Finance
Accountancy Ireland
Irish Times Business Section
Irish Independent Business Section
Sunday Business Post
Financial Times
21 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Advanced Taxation ROI & NI
2nd Year – Mandatory Unit
Unit Title
Advanced Taxation
Unit
Reference
Number
K/602/6069
Unit Level
Level 5
Credit
Value
8
GLH
80
Subject
Status
Mandatory
Terminal
Exam
100%
Module
Pass Mark
50%
Learning
Modes
Direct Lectures, Workshops, Online Tutorials, Self-Directed
Learning
Pre-
requisite:
Financial Accounting, Taxation and either Business Management or
Law & Ethics
ADVANCED TAXATION Republic of Ireland (ROI)
Key Learning Outcome
The key objective of this module is to ensure that learners build on the
competencies gained in Taxation and develop a knowledge and understanding of
more advanced taxation issues for individuals, businesses and corporate entities.
22 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Learning Outcomes linked to Syllabus Elements
Administration and Procedures
On completion of this aspect of the module, learners will have acquired the following
knowledge, competencies and know-how: -
(a) An understanding of the role of legislation and practice, Revenue Authorities,
the Accounting Technician and the tax payer in the operational structure of
the tax system including ethical and tax compliance issues
(b) An ability to communicate effectively with individuals and Revenue
authorities regarding compliance issues and the issue of tax clearance
certificates
(c) An appreciation of the Revenue Charter, Revenue powers and audit
procedures
(d) An ability to complete appropriate Revenue forms and demonstrate
knowledge of the Revenue On-line System
Key Syllabus Elements and Weightings
1. Administration and Procedures 15%
2. Personal Tax Management 45%
3. Business Tax Management 40%
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Personal Tax Management
On completion of this aspect of the module, learners will have acquired the following
knowledge, competencies and know-how:-
(a) An ability to understand, explain and demonstrate the impact of residence,
ordinary residence and domicile on the tax affairs of individuals
(b) An ability to quantify the tax liability of individuals to include computations
at an advanced level
(c) An understanding of the principles and scope of the charge to Capital Gains
Tax for Irish resident individuals including a knowledge of and understanding
of appropriate reliefs and exemptions
(d) An understanding of the principles and scope of the charge to PRSI and
Universal Social Charge under Class A and Class S
Business Tax Management
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how:-
(a) An ability to communicate effectively with individuals and Revenue in a
professional manner regarding the tax and ethical implications of business
transactions
(b) An appreciation of the implications of employment v self employment and
an ability to make a determination using the ‘Badges of Trade’
(c) An ability to reconcile information contained in financial statements with tax
returns submitted and report on the consequences to include calculation of
the tax liabilities involved
(d) An understanding of the principles and scope of the charge to Corporation
Tax and an ability to compute tax liabilities of Irish resident companies
(e) An understanding of Relevant Contracts Tax and an appreciation of the VAT
issues involved with intra EU transactions, imports and exports
24 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
ADVANCED TAXATION Republic of Ireland (ROI)
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Administration and Procedures (15%)
A practical understanding of the role of
legislation and practice
Overview of tax legislation and procedures
Methods and treatment of tax collection
mechanisms, direct assessment, self-
assessment, and withholding taxes
Communicating with Revenue
Authorities regarding issues resulting
from business transactions including
compliance issues
Procedures for the raising of assessments
and collection of taxes
Appeal procedures and expression of doubt
Imposition of penalties for the late payment
of tax and late filing of return (excluding
criminal procedures)
Payment of tax and preliminary tax payments
Communication with relevant parties in
writing in a professional manner
Issues and implications of business
transactions for individuals and
corporate entities
Requirements regarding notification to
Revenue
Requirements in respect of maintenance of
books and records
Taxation consequences arising from business
transactions
Revenue Charter, Revenue powers and
audit procedures
Revenue Charter, Revenue powers and
Revenue audit at a basic level
25 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Provision of information to Revenue
Authorities
Information requirements of the Revenue and
resulting obligations
Role of the Accounting Technician
including ethical responsibilities
Relevant professional ethical issues
Tax clearance certificates
Administration procedures and use of
clearance certificates
Requirements necessary for the issue of a
certificate
Completion of appropriate Revenue
forms
Completion of main tax forms; Form 11 and
11e, CT1, VAT 3, Return of Trading Details
(VAT) and the use of the Revenue Online
Service (ROS) for the submission of returns
and the payment of tax
Personal Tax Management (45%)
Residence, ordinary residence and
domicile
Definition of residence, ordinary residence and
domicile.
Personal tax computations at an advanced
level incl. the impact of claiming loss relief
Calculation of income, the amount chargeable
and the tax payable including marginal relief
calculations
Charges on income
Reliefs, allowances, deductions, tax credits and
exemptions
Trade losses and claiming loss relief
Rental income and losses (Schedule D Case V)
including premiums on leases and favoured
lettings
26 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Employment income and benefit in kind
(Schedule E) incl. provision of motor vehicles,
medical insurance, preferential loans and
living accommodation
Special treatment for company directors
Social Welfare benefits and pensions
including unemployment and disability
benefits
Taxation of married, separated and
divorced couples
Taxation of married, separated and divorced
couples including year of marriage and
separation
Year of death in respect of deceased
individuals and their spouses
PRSI for classes A and S
Principles and scope of the charge to PRSI
and USC (Class A and Class S)
Scope and charge to Capital Gains Tax
including the computation of liability
resulting from capital transactions
Principles and scope of the charge to Capital
Gains Tax
The charge to tax on Irish resident individuals
and companies on gains arising in the State
The computation of gains and losses, the
amount chargeable and the tax payable
Reliefs, allowances, deductions and
exemptions
Residence, ordinary residence and domicile
Time of disposal and location of assets
Capital gains and losses made by married
couples
Assets passing on a death
Treatment of assets held at 6 April 1974
Part disposals
Grants received after 5 Apri11974
27 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Application of market value rules to
connected person disposals
Disposals of shares
Chattels and wasting chattels
Enhancement expenditure
Personal exemption
Capital losses
Indexation relief
Principal private residence relief
Business Tax Management (40%)
Communications and ethics
Communicating with clients / Revenue in a
professional manner regarding taxation
implications of business transactions
Dealing with relevant ethical issues
Determination of employment or self
employment including ‘Badges of Trade’
Definition of the ‘Badges of Trade’
Use of the ‘Badges of Trade’ in the
determination of employment or self
employment.
Contracts of employment and contract for
services
Taxation of business profits including
the calculation of adjusted profits and
the basis periods of assessment
Income and losses from trades and
professions (Schedule D Case I & II)
including pre trading expenditure and lease
transaction costs (tax adjusted profits)
Commencement and cessation rules for
Schedule D Case I and Case II
28 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Capital allowances for plant and machinery
(including motor vehicles), balancing
allowances and charges for assets purchased
on or after December 2002
Charges on income
PRSI classes A and S
Professional services withholding tax
Relevant Contracts Tax
Obligations of a principal contractor with
regard to payments to sub contractors
Administrative procedures, completion of
forms and payment of relevant taxes
Conditions necessary for the issue of a sub
contractors certificate
VAT issues regarding supply of goods
and services, intra-EU transactions,
imports and exports
Principles of the operation of Value Added
Tax
Place and time of supply of goods and
services
Taxable persons and registration
Election to register
Intra EU transactions, imports and exports
Exemption and VAT rates
Accounting for VAT, sales and cash receipts
basis
Calculation of VAT liability including input
credits and output VAT
2/3 rule, cocktail rule, gifts and self supply Reconciliation of VAT returns to financial
statements
Reconciliation of VAT /PAYE returns and
financial statements
Extraction and reconciliation of relevant
information from financial statements
29 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Quantification of tax liabilities arising from
discrepancies highlighted
Principles and scope of the charge to
Corporation Tax for Irish resident
companies, including close company
provisions
Principles and scope of the charge to
Corporation Tax for Irish resident companies
Accounting periods Dividend income received (FII) Dividends and distributions paid Definition and effect of close company
provisions
Taxation treatment of directors loans and
current account balances
An understanding of the basic residency
rules for companies
Implications of a company being resident or
non resident
Preparation of corporation tax
computations for private limited
companies
The computation of income and chargeable
gains, the amount chargeable and the tax
payable
Reliefs, deductions and exemptions
Schedule D income and losses (with same
exclusions as for Income Tax)
Capital allowances for plant and machinery
(including motor vehicles) including balancing
allowances and charges for assets purchased
on and after 4th December 2002
Dividend withholding tax
30 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Assessment Criteria
Assessment
Techniques
Format of
Examination Paper
Sample Paper
100% Assessment based on the final exam.
The Paper Consists of SEVEN Questions which will examine all
key syllabus elements to ensure that learning outcomes are
achieved. Candidates must answer five questions in total, as
follows:
SECTION A
THREE Compulsory Questions
SECTION B
FOUR Questions, including one multiple-choice question (MCQ) -
Answer any TWO of the four questions.
All Questions carry equal marks.
Each of the 3 sample papers will examine appropriate parts of
this syllabus.
31 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Essential Reading
Advanced Taxation (Republic of Ireland)
(Second Year)
Author: Accounting Technicians Ireland
Supplementary
Reading
Employers Guide to PAYE, Revenue Commissioners, Ireland
Guide to Value Added Tax, Revenue Commissioners, Ireland
Web Resources
www.AccountingTechniciansIreland.ie
www.taxireland.ie
www.revenue.ie
www.thepost.ie
www.charteredaccountants.ie
Other Resources
Business and Finance
Accountancy Ireland
Irish Times Business Section
Sunday Business Post
Irish Tax Review
ADVANCED TAXATION Northern Ireland (NI)
Key Learning Outcome
The key objective of this module is to ensure that learners build on the
competencies gained in Taxation and develop a knowledge and understanding of
more advanced taxation issues for individuals, businesses and corporate entities.
32 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Key Syllabus Elements and Weightings
1. Administration and Procedures 15%
2. Personal Tax Management 45%
3. Business Tax Management 40%
Learning Outcomes linked to Syllabus Elements
Administration and Procedures
On completion of this aspect of the module, learners will have acquired the following
knowledge, competencies and know-how: -
(a) An understanding of the role of legislation and practice, HM Revenue &
Customs, the Accounting Technician and the tax payer in the operational
structure of the tax system including ethical and tax compliance issues
(b) An ability to communicate effectively with individuals and HM Revenue &
Customs regarding compliance issues and the issue of tax clearance
certificates
(c) An appreciation of HM Revenue & Customs powers and audit procedures
(d) An ability to complete appropriate Revenue forms and demonstrate
knowledge of HM Revenue & Customs On-line System for filing returns
33 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Personal Tax Management
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how:-
(a) An ability to understand, explain and demonstrate the impact of
residence, ordinary residence and domicile on the tax affairs of
individuals
(b) An ability to quantify the tax liability of individuals to include
computations at an advanced level
(c) An understanding of the principles and scope of the charge to Capital
Gains Tax for UK resident individuals including a knowledge of and
understanding of appropriate reliefs and exemptions
(d) An ability to demonstrate an understanding of the principles and scope
of the charge to National Insurance Contributions under Class 1, Class 2
and Class 4
34 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Business Tax Management
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how:-
(a) An ability to communicate effectively with individuals and HM Revenue &
Customs in a professional manner regarding the tax and ethical
implications of business transactions
(b) An appreciation of the implications of employment v self employment and
an ability to make a determination using the ‘Badges of Trade’
(c) An ability to reconcile information contained in financial statements with
tax returns submitted and report on the consequences to include
calculation of the tax liabilities involved
(d) An understanding of the principles and scope of the charge to Corporation
Tax and an ability to compute tax liabilities of UK resident companies
(e) An understanding of UK VAT and an appreciation of the VAT issues
involved with intra EU transactions, imports and exports
35 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
ADVANCED TAXATION Northern Ireland (NI)
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Administration and Procedures (15%)
A practical understanding of the role of
legislation and practice
Overview of tax legislation and procedures
Methods and treatment of tax collection
mechanisms, direct assessment, self-
assessment, and withholding taxes
Communicating with HM Revenue &
Customs regarding issues resulting from
business transactions including
compliance issues
Procedures for the raising of assessments
and collection of taxes
Appeal procedures and the role of the
Commissioners
Imposition of penalties for the late payment
of tax and late filing of return (excluding
criminal procedures)
Payment of tax and payments on account
Communication with relevant parties in
writing in a professional manner
Issues and implications of business
transactions for individuals and
corporate entities
Requirements regarding notification to HM
Revenue & Customs
Requirements in respect of maintenance of
books and records
Taxation consequences arising from business
transactions
HM Revenue& Customs powers and
audit procedures
HMRC powers and audit at a basic level
36 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Provision of information to HM Revenue
& Customs
Information requirements of HMRC and
resulting obligations
Role of the Accounting Technician
including ethical responsibilities
Relevant professional ethical issues
New Construction Industry Scheme
Administration procedures and how this
affects both subcontractors and contractors
Requirements necessary for the issue of
certificates
Completion of appropriate HM Revenue
& Customs forms
Completion of main tax forms; Form SA 100
(including supplementary returns SA101,
SA103, SA105 & SA108) and CT600,
CT600(short), CT600A, VAT 100, Return of
Trading Details (64/8) and the use of the HM
Revenue & Customs Online Service for the
submission of returns and the payment of tax
Personal Tax Management (45%)
Residence, ordinary residence and
domicile
Definition and relevance of residence,
ordinary residence and domicile.
Personal tax computations at an
advanced level including the impact of
claiming loss relief
Calculation of income and losses, the amount
chargeable and the tax payable
Charges on income
Reliefs, allowances, deductions, tax credits
and exemptions
37 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Trade losses and claiming loss relief
Rental income and losses including premiums
on leases and furnished lettings
Employment income and benefit in kind
including provision of motor vehicles, medical
insurance, preferential loans and living
accommodation
Special treatment for company directors
Social Security benefits and pensions
including low income and disability benefits,
tax credits and child tax credits
Taxation of the elderly including married
couples
Taxation of elderly individuals and married
couples
National Insurance contributions
Class1, Class2 and Class 4
Principles and scope of the charge to National
Insurance Contributions for both employed
and self employed persons
Scope and charge to Capital Gains Tax
including the computation of liability
resulting from capital transactions
Principles and scope of the charge to Capital
Gains Tax
The charge to tax on UK resident individuals
and companies on their worldwide gains
The computation of gains and losses, the
amount chargeable and the tax payable
Reliefs, allowances, deductions and
exemptions
Residence, ordinary residence and domicile
Time of disposal and location of assets
Transfer of assets between married couples
38 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Assets passing on a death or by way of gift
Treatment of assets held at 31 March 1982
Part disposals and sets of assets
Enhancement expenditure
Application of market value rules to
connected person disposals
Disposals of shares
Chattels and wasting chattels
Personal exemption
Relief on disposal of a business –
Entrepreneurs’ Relief
Capital losses
Indexation relief on gains made by UK
companies
Principal private residence relief
Business Tax Management (40%)
Communications and ethics
Communicating with clients and HM Revenue
& Customs in a professional manner
regarding taxation implications of business
transactions
Dealing with relevant ethical issues
Determination of employment or self
employment including ‘Badges of Trade’
An understanding of the ‘Badges of Trade’
Use of the ‘Badges of Trade’ in the
determination of employment or self
employment.
Contracts of employment and contract for
services
Taxation of business profits including
the calculation of adjusted profits and
the basis periods of assessment
39 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Income and losses from trades and
professions (Schedule D income with self-
employment) including pre trading
expenditure (tax adjusted profits)
Commencement and cessation rules for
income from self-employment
Capital allowances for plant and machinery
(including motor vehicles), First year
allowances (FYA), Writing down allowances
(WDA) and Annual investment allowance
(AIA), balancing allowances and charges for
assets purchased or sold
Charges on income
National Insurance Contributions Class 1A
and Classes 2 and 4
The New Construction Industry Scheme
Obligations of a principal contractor with
regard to payments to sub contractors
Administrative procedures, registration,
completion of forms and payment of relevant
taxes
Conditions necessary for the issue of a
subcontractors certificate
VAT issues regarding supply of goods
and services, intra EU transactions,
imports and exports for UK businesses
Principles of the operation of Value Added
Tax
Place and time of supply of goods and
services
Taxable persons and registration
Election to register
Intra EU transactions, imports and exports
Exemption and VAT rates
Accounting for VAT, normal invoice basis and
cash receipts basis
Calculation of VAT liability including input
credits and output VAT
40 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding Application Analysis
Self supply on goods for own use
Reconciliation of VAT returns to financial
statements
Reconciliation of VAT /PAYE returns and
financial statements
Extraction and reconciliation of relevant
information from financial statements
Quantification of tax liabilities arising from
discrepancies highlighted
Principles and scope of the charge to
Corporation Tax for UK resident
companies, incl. close company
provisions
Principles and scope of the charge to
Corporation Tax for UK resident companies
Accounting periods
Dividend income received (FII)
Dividends and distributions paid
Definition and effect of close company
provisions
Taxation treatment of directors loans and
overdrawn current account balances
An understanding of the basic residency
rules for companies
Implications of a company being resident or
non resident
Preparation of corporation tax
computations for private limited
companies
The computation of income and chargeable
gains, amount chargeable and tax payable
Reliefs, deductions and exemptions
Schedule D income and losses (with same
exclusions as for Income Tax)
Capital allowances for plant and machinery
(inc. motor vehicles) including balancing
allowances; charges for assets purchased or
sold; first year allowances (FYA), Writing
down allowances (WDA) and Annual
investment allowance (AIA).
41 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Essential Reading
Advanced Taxation (Northern Ireland)
Author: Accounting Technicians Ireland
Supplementary
Reading
HMRC Leaflets and booklets
Web Resources
www.AccountingTechniciansIreland.ie
www.tax.org.uk
www.icai.ie
www.att.org.uk
www.hmrc.gov.uk
Other Resources
Business and Finance
Accountancy Ireland
Accounting and Business
Times Business Section (Saturdays)
Financial Times
42 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Management Accounting
2nd Year – Mandatory Unit
Unit Title
Management Accounting
Unit
Reference
Number
D/602/6084
Unit Level
Level 4
Credit
Value
8
GLH
80
Subject
Status
Mandatory
Terminal
Exam
100%
Module
Pass Mark
50%
Learning
Modes
Direct Lectures, Workshops, Online Tutorials, Self Directed
Learning
Pre-
requisite:
Financial Accounting, Taxation and either Law & Ethics or Business
Management
Key Learning Outcome
The key learning outcome of this module is to provide learners with knowledge and
technical competency in the area of management accounting to support business
functions, activities and decision-making.
43 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Key Syllabus Elements and Weightings
1. The Nature and Purpose of Management Accounting, Costing Terms
and concepts 10%
2. Cost Accumulation for Inventory and Profit Measurement 35%
3. Standard Costing, Budgetary Planning and Control 30%
4. Information for Decision Making 25%
Learning Outcomes linked to Syllabus Elements
The Nature and Purpose of Management Accounting, Costing Terms and
Concepts
On completion of this aspect of the module, learners will have acquired the following
knowledge, competencies and know-how: -
(a) A knowledge of the role of management accounting in a business organization;
(b) An appreciation of business and stakeholder objectives and goals;
(c) An ability to contribute to business planning and control exercises through the
use of management accounting;
(d) An understanding of principles and techniques used in management accounting.
(e) An understanding of costing system terminology and the ability to discuss
various elements of a costing system;
44 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
MODULE: MANAGEMENT ACCOUNTING
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Nature and Purpose of Management Accounting, Costing Terms and Concepts
(10%)
Role of Management Accounting
The role of management accounting in support
of business decision making
Comparison and inter-relationship with financial
accounting
Business Planning and Control
Management by objectives
Group and individual decision making processes.
Organizational control and performance
measurement
Costing Terminology
Cost centres and drivers
Cost classification and coding systems
45 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Cost Accumulation for Inventory & Profit Measurement (35%)
Costing Systems
Cost Behaviour (including fixed, variable,
semi-variable & stepped cost, and inflation)
Types of costing systems
Concepts of cost accumulation
Costing of materials
Stores routines
Materials handling
Pricing of store issues
Purchasing procedures
Inventory control ratios
Stockholding calculations
Under and Over absorption of overheads
Administrative, selling and distribution
overheads
Labour costing Computation
Understanding and calculation of labour
remuneration systems
Remuneration and incentive schemes
Overhead Costing Detailed
Cost centre and cost units
Overhead apportionment and absorption
calculations
Service Department Costing
Under and Over absorption of overheads
Administrative, selling and distribution
overheads
Activity Based Costing
Key principles and terminology of Activity
Based Costing (ABC)
Classification of costs using ABC
Transaction based cost drivers
Overhead absorption calculations using ABC
Advantages and disadvantages of ABC
Benefits and problems of traditional and
modern costing systems
Marginal Costing Techniques
Comparison of marginal and absorption costing
46 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding
Application
Analysis
Contribution and marginal costing calculations
and costing statements.
Marginal costing in management decision
making
Other Costing Techniques
Job, Batch and Service costing calculations
Theory of process costing, including equivalent
units, normal and abnormal gains/losses
(Note: Joint and by-products are excluded)
Standard Costing, Budgetary Planning and Control (30%)
Standard Costing - Theoretical aspects
Concept of Standard Costing - including
definition, types of standards, standard
setting, relationship with budgets
Advantages and disadvantages of standard
costing
Standard Costing – Practical Application
Standard cost per unit calculations using
absorption and marginal costing
Calculation of variances, including
- Materials price and usage
- Labour rate and efficiency
- Variable overhead expenditure and
efficiency
- Fixed overhead expenditure and volume
- Sales volume and price
Preparation and explanation of variance
analysis reports
Budgetary Planning & Control Processes
– Theoretical aspects
Theory of budgetary planning and control
Budgetary factors
Budgetary processes
Budgetary techniques, benefits and problems
Behavioural and motivational aspects of
budgeting
47 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Budgetary Planning & Control –Practical
Application
Preparation of operational budgets, including
Specific Functional Knowledge and
Competencies
Understanding Application Analysis
- sales
- production
- materials
- labour
- overhead
Preparation of projected Statements of Profit
and Loss and Statements of Financial Position Detailed
Cash Budgeting and flexible budgeting
Information for Decision Making (25%)
Management accounting for Decision Making
Cost-Volume Profit and Breakeven Analysis,
including
- margin of safety
- target profit
- contribution/sales ratio
Breakeven charts and formulae
Application of cost-volume-profit analysis to
multi-product scenarios
Relevant Costing in decision making
Preparation of cost estimates for decision
making including relevant, opportunity and
sunk costs
Short term decision making calculations ,
including
- product elimination
- consideration of limiting factors
- make or buy
Pricing decisions, including:
- mark-up
- margin
- full price
Preparation of management accounting
statements appropriate to typical decision
making situations
48 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Assessment Criteria
Assessment
Techniques
Format of
Examination Paper
Sample Paper
100% Assessment based on the final exam.
The Paper Consists of SIX Questions which will examine all key
syllabus elements to ensure that learning outcomes are achieved
SECTION A (Marks awarded per question may vary)
THREE Compulsory Questions. One question from each of the
three major syllabus areas.
SECTION B (All questions carry equal marks)
THREE Questions in total - Answer any TWO of these.
Each of the 3 sample papers will examine appropriate parts of
this syllabus.
Essential Reading
Management Accounting
(Second Year)
Author: Accounting Technicians Ireland
Web Resources
www.accountancymag.co.uk
Other Resources
Cost and Management Journal
49 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Integrated Accounting Systems (IAS)
2nd Year – Mandatory Unit
Unit Title Integrated Accounting Systems IAS
Unit
Reference
Number
L/602/6078
Unit Level Level 4
Credit
Value
8
GLH 80
Subject
Status
Mandatory
Terminal
Exam
Minimum: 75% Maximum: 100% (See Assessment Criteria)
Interim
Exam
Maximum: 25% (See Assessment Criteria)
Module
Pass Mark
70%
Learning
Modes
Lectures, Workshops, Online Tutorials, Self-Directed Learning
Pre-
requisite:
Successful completion of Financial Accounting, Taxation and either
Business Management or Law & Ethics
Key Objective
The key objective of this module is to facilitate learners in aligning their theoretical
accounting education with practical applications used in the workplace. Learners
will acquire a level of proficiency in payroll, accounting and spreadsheet software
that will maximize their contribution to the professional environment.
50 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Key Syllabus Elements and Weightings
1. Operation and Maintenance of a Computerised Payroll System 15%
2. Integrated Accounting Systems and Double Entry 60%
3. Spreadsheets and Budgeting 25%
Learning Outcomes linked to Syllabus Elements
Operation and Maintenance of a Computerised Payroll System (15%)
On completion of this aspect of the module, learners will have acquired the following
knowledge, competencies and know-how: -
(a) The ability to enter and edit data on a computerized payroll system and to
successfully create a variety of pay elements and deductions including Pension
contributions and Benefit-in-Kind;
(b) The ability to establish and edit employee records, and update any employee
information according to Revenue advices;
(c) The skills needed to accurately process timesheet information for a required payroll
frequency;
(d) An understanding of the need for secure data, and be able to safeguard payroll
information appropriately;
(e) An ability to generate accurate and meaningful payroll reports.
51 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Integrated Accounting Systems and Double Entry (60%)
On completion of this aspect of the module, learners will have acquired the
following knowledge, competencies and know-how:-
(a) The ability to apply theoretical double entry bookkeeping knowledge to the
practical operation of an integrated accounts package;
(b) A thorough understanding of a computerized chart of accounts and the
practical skills to effectively maintain a computerized nominal ledger;
(c) The practical skills to enter and update a variety of customer, supplier and
bank records;
(d) The skills and know-how to accurately process financial accounting
transactions for an indicated reporting period and effectively perform a
number of reconciliation exercises;
(e) Demonstrate the ability to generate the financial statements in addition to a
wide variety of other accounting reports.
Spreadsheets & Budgeting (25%)
On completion of this aspect of the module, learners will have acquired the following
knowledge, competencies and know-how:-
(a) The ability to create and manage a spreadsheet/workbook and demonstrate
a variety of formatting and presentation skills,
(b) The practical skills needed to utilise spreadsheets to calculate, interpret and
analyse data through copying/adding data, inserting functions & formulae,
creating budgets and forecasts and other spreadsheet tools,
(c) The ability to illustrate data and visually enhance a spreadsheet,
(d) The ability to generate meaningful reports from a spreadsheet program.
52 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
MODULE: INTEGRATED ACCOUNTING SYSTEMS (IAS)
Specific Functional Knowledge and
Competencies Understanding Application Analysis
Operation and Maintenance of a Computerised Payroll Software (15%)
Set up and edit company details
Set up Pay Elements, e.g. additions and
deductions
Enter and edit employee details
Entering tax details received from Revenue
i.e. P2C information
Operation of emergency, Week 1/Month 1
and cumulative bases
Process a leaver in a company (i.e. issue of
Form P45)
4. Process timesheet information for a given
frequency
Generate meaningful Payroll reports
Safeguard Payroll information
Integrated Accounting Systems and Double Entry (60%)
Operation and maintenance of an integrated
accounting system – understanding of
nominal ledger and chart of accounts
System set up parameters
Posting salary journals from payroll reports
Creating Customer Records and recording
Customer transactions
Creating Supplier Records and recording
Supplier transactions
Creating Bank Records and recording Bank
transactions
Double entry bookkeeping – accruals,
prepayments, depreciation and other
adjustments
Financing Arrangements – use of correct
nominal codes and journals
Periodic recurring journals
Debtor and Creditor Reconciliations
Bank reconciliations
53 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Specific Functional Knowledge and
Competencies
Understanding Application Analysis
Correction of entries already made
Generate the financial statements and other
accounting reports
Exporting reports to MS Excel and other
spreadsheet packages
Inputting budget figures
Safeguard Accounting data
Spreadsheets (25%)
Entering information into a spreadsheet
Managing workbooks
Using of formulae and logical functions
Ability to use header/footer, page setup, print
area and margins
Charts and graphs – creating/editing to
produce a replica image
Protecting workbooks, worksheets using
passwords
Consolidating data and use of macros
Conditional formatting, inserting sparklines,
and data sorting/filtering
Using SmartArt; inserting textboxes and other
objects
Creating/modifying a table within a
spreadsheet
54 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Assessment Criteria
Assessment
Techniques
Format of
Examination Paper
Sample Papers
The assessment will be based on a 100% final examination.
(NOTE: The Exam Board may decide to introduce an ‘Interim
Exam’, worth a maximum of 25% of the total mark, at a later
stage. Where this happens, students will be given a full year’s
notice. Any such change will not affect the syllabus content)
Each assessment is a practical, computer-based examination
with a variety of tasks to complete.
The examination must be completed on computer. This is not a
paper-based examination.
Each of the 3 sample papers will examine appropriate parts of
this syllabus.
Essential Reading Integrated Accounting Systems
(Second Year)
Author: Accounting Technicians Ireland
Web Resources
www.sage.ie
www.microsoft.com
Other Resources
www.AccountingTechniciansIreland.ie
[Type text] [Type text] [Type text]
Work Experience Units Essential Accounting Skills
Essential Accounting Skills T/602/6074
Credit Value 8
Level 4 GL Hours 80
This unit requires learners to demonstrate their ability to perform a variety of accounting tasks within the workplace. Learners must be able to perform bank reconciliations and a range of double entry transactions.
Tasks will need to be performed to organisational standards and learners must also be able to apply accounting concepts and principles clearly whilst working to these standards.
In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and to show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1
Be able to perform
bank and other key control account
reconciliations within
1.1 Reconcile bank statement(s) with nominal ledger
1.2 Critically assess the differences between bank statement(s) and nominal ledger
56 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
the working environment
1.3 Accurately treat unrecorded and outstanding items
1.4 Present corrected bank control account and reconciliation to appropriate personnel
2
Be able to apply accounting concepts
and principles within the working environment
2.1 Ability to correctly identify and account for accruals and prepayments
2.2 Apply depreciation techniques appropriately
2.3 Understand, select and apply appropriate accounting policies
3
Be able to perform double entry
transactions within the working environment
3.1 Accurately record cash transactions consistently over a period of time
3.2 Accurately record credit transactions consistently over a period of time
3.3 Produce a reconciled trial balance
3.4 Ability to identify and correct errors
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Advanced Accounting Skills
Advanced Accounting Skills
D/602/6067
Credit Value 20 Level 5 GL Hours 199
This unit requires learners to demonstrate their ability to perform a range of advanced accounting skills within the workplace. Learners must be able to perform a range of complex and detailed tasks, in particular, prepare workplace accounts and cash flow forecasts and projections, interpret financial statements using ratio analysis and prepare accounts from incomplete records. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome - The learner will:
Assessment Criterion - The learner can:
1
Be able to prepare
workplace accounts for internal and external purposes
1.1 Accurately prepare a set of accounts for a limited company and/or sole trader and/or not-for-profit organisation and/or a business division to include an income statement, statement of financial position and cash flow statement
2 Be able to interpret 2.1 Calculate and interpret appropriate ratios
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Learning Outcome - The learner will:
Assessment Criterion - The learner can:
financial statements
using ratio analysis within the working environment
2.2 Critically analyse ratio information for decision making purposes
2.3 Present findings in a clear and concise manner
3
Be able to apply appropriate accounting standards within the
working environment
3.1 Correctly identify standard(s) required
3.2 Apply framework for the preparation of financial statements
3.3 Present financial statements in an acceptable format
4
Be able to prepare accounts from incomplete records and/or using judgment and calculating
accounting estimates within the working environment
4.1 Critically analyse financial information
4.2 Identify transactions to be accounted for and use professional judgment to prepare appropriate accounting estimates
4.3 Produce revised financial statements taking account of correcting journal entries
5
Be able to prepare cash
flow forecasts and projections within the working environment
5.1 Prepare cash flows on a periodic basis
5.2 Identify potential cash surpluses and deficits
5.3 Advise management of any significant surpluses and deficits arising in the cash flow forecast that need to be addressed
5.4 Present recommendations to address the issues identified
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Personal Development for Accounting Technicians
Personal Development for Accounting Technicians A/602/6089
Credit Value 4 Level 4 GL Hours 40
This unit requires learners to demonstrate their ability to develop their skills, knowledge and understanding within the accounting industry. Learners must be able to monitor and evaluate their own performance and learning in meeting their development needs. In addition learners must be able to develop an action plan for the purpose of maintaining their knowledge of developments across the accounting industry in order to ensure their work based skills remain current. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and to show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment)
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1
Be able to monitor and evaluate own performance and learning within the
workplace
1.1 Critically evaluate and agree goals and learning outcomes with Mentor
1.2 Meet regularly with Mentor to discuss progress and actively contribute to the feedback process
1.3 Actively participate in agreeing levels of progress towards identified goals
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Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1.4 Engage with mentor to effectively maintain a reflective work journal documenting progress and status of agreed goals
2
Be able to develop own
learning and
performance to ensure work based skills and knowledge are up to date
2.1 Develop a detailed learning and development action plan that takes account of the learning goals that have been agreed with workplace mentor
2.2 Attend training course(s) and/or undertake suitable learning and development in line with learning and development plan
2.3 Maintain awareness of developments in the accounting industry through self-study
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Using Information Technology
Using Information Technology T/602/6091
Credit Value 3 Level 3 GL Hours 30
This unit requires learners to demonstrate their ability to use information technology within the workplace. Learners must be able to use a word processing package, such as the ability to produce letters, memos or reports, use a spreadsheet package including the need to amend spreadsheet data as required, and be able to use online systems effectively. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1
Be able to operate a word processing package competently within the working environment
1.1 Produce documents in appropriate formats e.g. letters/memos/reports
1.2 Edit and reformat existing document templates
2 Be able to use a spreadsheet package competently within the
2.1 Create formulae within the spreadsheets
2.2 Manipulate spreadsheet data as required
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Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
working environment 2.3 Format data and spreadsheets for presentation
2.4 Export/import figures to/from other accounting systems
3 Be able to use online systems effectively within the working environment
3.1 File and pay tax returns online
3.2 Use online banking systems
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Maintaining Accounting Systems
Maintaining Accounting Systems R/602/6082
Credit Value 10
Level 5
GL Hours 96
This unit requires learners to demonstrate their ability to operate and maintain a computerised accounting system within the workplace. Learners must be able to demonstrate an advanced understanding of double entry transactions within an integrated accounting system. Learners must be able to produce key financial reports to meet the needs of a range of users, present progress reports to management in which they will need to present a critical analysis in order to assist the decision making process. Learners will also be required to ensure adequate steps are taken in order to maintain the integrity and confidentiality of accounting information. In performing the range of tasks, learners must be able to demonstrate their ability to work consistently over an agreed period of time, which would usually be no less than two years in the workplace. This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
1
Be able to operate and
maintain a computerised accounting system within the working
1.1 Demonstrate an advanced understanding of double entry bookkeeping in order to maintain an integrated accounting system
1.2 Identify and accurately produce key financial reports to meet the needs of users
1.3 Present reports to management with critical analysis and commentary to facilitate understanding and decision making
1.4 Maintain accounting system in a secure manner to ensure data integrity and confidentiality.
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Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
environment
65 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
Maintaining Statutory Compliance
Maintaining Statutory Compliance Y/602/6083
Credit Value 3 Level 4 GL Hours 30
This unit requires learners to demonstrate their ability to apply statutory accounting requirements within the workplace. Learners must be able to apply health and safety requirements, data protection legislation as well as being able to understand and comply with the code of ethics relevant to Accounting Technicians Ireland. In order to be deemed competent in the range of activities required of a practising Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1
Be able to apply statutory accounting requirements to workplace practices
1.1 Accurately prepare and submit relevant tax returns in line with statutory requirements
1.2 Accurately prepare annual and other statutory returns and minutes.
1.3 Accurately maintain accounting books and records in accordance with company and/or taxation law
1.4 Structure information to facilitate the audit / taxation return process
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Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
2
Be able to apply health
and safety requirements to workplace practices
2.1 Apply health and safety regulations in the workplace
3
Be able to apply data
protection legislation to workplace practices
3.1 Maintain data securely
3.2 Collect and release data in line with legislative requirements
4
Understand and comply
with Accounting Technicians Ireland Code of Ethics within the working environment
4.1 Apply Code of Ethics to all work practises
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SECTION B
The student is required to complete ONLY ONE Unit in this Section
Essential Taxation Skills
Essential Taxation Skills A/602/6075
Credit Value 4 Level 5
GL Hours 37
This unit requires learners to demonstrate their ability to perform a range of taxation tasks within the workplace. Learners must be able to identify taxation systems which apply to businesses or individuals. Learners must also know the importance of keeping accurate records which apply to VAT and PAYE returns. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time. This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1
Be able to identify the appropriate taxation system applicable to the
business entity or individual within the working environment
1.1 Apply income tax rules accurately
1.2 Apply VAT rules accurately
1.3 Apply PAYE accurately
2
Know how to keep
accurate records to
facilitate the completion of tax returns within the working environment
2.1 Accurately compile the documents required for income tax and/or VAT and PAYE returns in line with relevant rules and
regulations.
2.2 Critically evaluate information pertaining to returns
2.3 Present findings and/or recommendations to appropriate personnel
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Management and Cost Accounting
Management and Cost Accounting H/602/6085
Credit Value 4 Level 4
GL Hours 40
This unit requires learners to demonstrate their ability to apply costing techniques within the workplace. Learners must be able to record the necessary information for costing systems, generate appropriate product and service costs and be able to assist the decision making process. In addition, learners must be able to identify analyses and apply a number of complex techniques in order to manage accounting systems. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
1
Know how to apply
costing techniques within the working environment
1.1 Accurately identify why costs occur and accumulate
1.2 Critically analyse the differences between fixed and variable costs
1.3 Apply relevant costing techniques to material, labour and overhead costs
2
Be able to record
information for costing
systems within the working environment
2.1 Calculate standard costs using appropriate costing techniques
2.2 Apply calculated costs to produce a standard cost card or similar application.
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Learning Outcome -
The learner will:
Assessment Criterion & Example -
The learner can:
3
Be able to generate
appropriate product and service costs within the working environment
3.1 Apply marginal, absorption and activity based costing techniques as appropriate
3.2 Prepare and present appropriate reports
4
Be able to assist with
decision making processes within the working environment
4.1 Identify relevant, opportunity and sunk costs and their applicability for decision making projects
4.2
Accurately prepare cost estimates for short term decision making and pricing decisions
70 ATI Level 5 Diploma for Accounting Technicians (QCF) V0.3 ATI Certificate - QS002
SECTION C
The Student is required to complete ONLY ONE Unit in this Section
Advanced Taxation Skills
Advanced Taxation Skills D/602/6070
Credit Value 13 Level 5
GLH 130
This unit requires learners to demonstrate their ability to perform a range of advance taxation tasks within the workplace. Learners must be able to accurately calculate and advise on a range of complex personal and corporate taxation issues, calculate relevant tax computations, complete tax returns and be able to communicate with the necessary people when presenting their tax findings. It is vital that learners are able to demonstrate an awareness of the importance of deadlines for completing tax returns and that they can determine the penalties that may be imposed for late returns. In order to be deemed competent in the range of activities required of a practicing Accounting Technician and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a 2 year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
1
Be able to accurately calculate and advise on personal and corporate taxation issues within the working environment
1.1 Identify different sources of income
1.2 Apply and calculate appropriate charges and reliefs to income
1.3 Effectively communicate reports on tax computations to client and Revenue.
2 Be able to calculate relevant tax computations
2.1 Accurately prepare and complete computations for VAT and/or corporation tax and PAYE systems and/or subcontractor’s
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Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
accurately within the
working environment
certificates.
3
Be able to accurately
complete tax returns within the working environment
3.1 Accurately complete returns for VAT and/or corporation tax and/or PAYE
3.2 Demonstrate an awareness of deadlines and possible penalties and interest for late filing that may apply when completing tax returns
3.3 Accurately reconcile tax returns with financial statements.
4
Be able to communicate effectively with interested parties on taxation issues within the working environment
4.1 Present tax findings in a clear and comprehensive manner
4.2 Make recommendations for future tax planning to interested parties
4.3 Engage with Revenue on compliance issues or queries
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Budget Preparation and Controls
Budget Preparation and Controls K/602/6072
Credit Value 13 Level 5
GLH 128
This unit requires learners to demonstrate the importance of budget preparation within the workplace. Learners must be able to apply budgetary planning such as analyzing and applying budgetary techniques and the interpretation for how change will impact individual budgets. Learners must also be able to implement budgetary control which includes preparing budgets and being able to set up and communicate target information and performance indicators. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit should be assessed by a Portfolio of Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
1
Know how to apply
budgetary planning in
the working
environment
1.1 Critically analyse appropriate budgetary techniques such as incremental and zero based budgeting, to be applied in the
workplace
1.2 Apply selected budgetary technique to the workplace budget
1.3 Interpret impacts of changes in individual budgets on the master budget and apply corrective action
1.4 Understand and apply behavioural and motivational aspects of budgeting to the workplace budgets
2
Be able to implement
budgetary control within
2.1 Prepare budgets effectively in line with key assumptions and requirements
2.2 Set and communicate clear targets and performance indicators for budgets to be monitored against
2.3 Identify and critically analyse variances between budget and actual income and/or expenditure
2.4 Inform appropriate personnel of significant issues arising from budgetary control
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Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
the working
environment 2.5 Present recommendations and rationale in a clear manner to appropriate personnel
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SECTION D
The Student is required to complete ONLY ONE Unit in this Section
Auditing Processes
Auditing Processes H/602/6071
Credit Value 2 Level 4
GLH 20
This unit requires learners to demonstrate their ability to contribute to finance or other auditing processes. In addition to contributing to the audit process itself, learners must also be able to implement key recommendations and evaluate newly implemented systems, policies and procedures, as required by your organisation. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
1
Be able to contribute to a financial and/or other audit within the working environment
1.1 Effectively contribute to an audit by understanding the audit process and by providing appropriate information in a timely manner
1.2 Accurately prepare relevant reports and/or documentation for audit purposes
2 Be able to implement key
recommendations resulting from a financial
2.1 Critically analyse audit report
2.2 Identify recommendations for non-conformances in the report
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Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
and/or other audit
2.3 Design systems and/or policies and procedures to address non conformances
2.4 Implement systems and/or policies and procedures
3
Be able to evaluate newly
implemented systems and/or policies and procedures arising from a financial and/or other audit
3.1 Evaluate the success or otherwise of newly implemented systems and/or policies and procedures
3.2 Produce a report detailing key findings
3.3 Present findings and recommendations to key personnel
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Law in Business
Law in Business L/602/6081
Credit Value 2 Level 4
GLH 20
This unit requires learners to demonstrate an applied understanding of law within the working environment. Learners must be able to apply the requirements of employment, contract and company law. In doing so learners will develop a range of skills such as the ability to assess legal requirements, present recommendations and identify areas of concern within contracts and also be able to suggest improvements. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
1
Be able to apply the requirements of employment law in the
working environment
1.1 Critically assess requirements of employment law in light of workplace policies and procedures
1.2 Present key recommendations to appropriate personnel
1.3 Implement recommendations in a timely manner
2 Be able to apply the requirements of contract law
2.1 Critically analyse the terms of contract
2.2 Identify potential breaches of contract law and suggest improvements to remedy potential breaches
3 Understand the requirements of company law
3.1 Ensure that statutory requirements pertaining to financial statements, reports and returns are complied with in the working
environment
3.2 Prepare reports for presentation at company meetings
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Payroll Skills
Payroll Skills K/602/6086
Credit Value 2 Level 4
GL Hours 20
This unit requires learners to demonstrate their payroll skills within the workplace. Learners must be able to use a payroll system effectively, apply employment law from a payroll perspective, accurately calculate pay, produce payroll reports and be able to demonstrate an awareness of employer duties. In performing the range of tasks, learners must be able to demonstrate their ability to work consistently over an agreed period of time. In order to be deemed competent in the range of activities required of a practicing Accounting Technician, and show that they have the required level of professional competency in the workplace, learners must be able to demonstrate their continuous ability to meet the standard outlined in the learning outcomes and assessment criteria consistently and reliably over a two year period of time.
This unit will be assessed by a Portfolio of Online Evidence (completed in the working environment).
Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
1 Be able to use a payroll system effectively within the working environment
1.1 Operate and maintain a manual and/or computerised payroll system in a confidential manner
2 Be able to apply employment law from a payroll perspective
2.1 Understand and apply appropriate legislation e.g. minimum wage, maternity, paternity, parental leave, holiday pay
3 Be able to accurately 3.1 Accurately calculate payroll from gross to net
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Learning Outcome -
The learner will:
Assessment Criterion & Example-
The learner can:
calculate pay within the
working environment 3.2 Accurately apply taxable and non-taxable additions and deductions
3.3 Post payroll journals and reconcile payroll to financial accounts
4
Be able to produce payroll
reports within the working environment
4.1 Produce reports in a timely manner for all relevant parties
5
Be able to demonstrate an awareness of employer duties within the working environment
5.1 Accurately calculate monthly and yearly taxation returns
5.2 Produce and distribute reports required by legislation
5.3 Implement policies for the commencement and cessation of employment
[Type text] [Type text] [Type text]
4. Centre Information
Approved Partner Programme
In order to ensure that quality is embedded through to the learner experience, ATI
operates an “Approved Partner Programme” with recognises colleges and training
centres. The Approved Partner Programme requires our partner colleges to sign-up
to our own ‘Conditions of Recognition’ and to submit an annual Statement of
Compliance. In addition, each partner college will receive at least one QA visit
during the Academic Year. This visit includes our representative meeting with
students without college staff present.
Our Approved Partners range from Institutes of Technology (such as Cork Institute
of Technology and Institute of Technology Tallaght), to Education & Training Boards
(ETBs) and well-recognised private colleges (e.g. Griffith College Dublin).
Internal and External Verification
ATI is very proactively engaged in
performing internal self-monitoring
and external verification.
Results Analysis
All Examination results are analysed
on a “college-by-college” basis, with comparison to national averages. We provide
feedback to all colleges and engage with those where performance is considered
below par and agree remedial actions.
Syllabus Review
As part of our commitment to quality, a Syllabus Review is carried out periodically
(typically on a 5 year cycle). A Syllabus Review Group is established as a sub-
committee of the Education Board and is responsible for setting out the
parameters, and considering the results of, the Syllabus Review. The most recent
Syllabus Review was carried out during the 2014-2015 Academic Cycle and
involved an extensive survey of all stakeholders, members, partner colleges, tutors,
industry, practice and other professional accountancy bodies. As a result of this
review there were some changes made to several modules and a new syllabus
introduced in September 2015.
Independent Experts
In order to ensure the integrity of the assessment process, the relevant sub-
committees consist of independent subject experts who are not staff members of
ATI.
Internal •Results Analysis
•Syllabus Review
External
•Independent Experts
•CCEA
•IFAC
•ISO
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The Examiner sets the exams and ultimately marks the learner scripts. The
Examiner may be supported by an Assistant Examiner to assist with marking
if the volume of scripts indicates that that is necessary. A group of
examiners are required to cover all of the modules.
The External Examiner reviews the exams set by the Examiner to ensure
that they are correct and can be completed in the allotted time. The External
Examiner also samples the assessment scripts marked by the Examiner /
Assistant Examiner.
The Chief Moderator looks at the totality of the exams developed by the
Examiners and ensures fairness and compliance with standards across the
modules.
For Work Experience assessment, we engage suitable Assessors to review
portfolio submissions. The Workplace Assessors report to the Assessment
Panel.
The Chief Moderator is in place to oversee all aspects of the assessment
process and reports to the Board of Examiners which is a sub-committee of
the Education Board.
All Examiners, External Examiners and Assessors are appropriately qualified
for the position held, and details of their qualifications are maintained in
their Staff Credentials record. For example, Examiners/External Examiners
would typically be qualified Professionals and/or Academics from the
relevant field (e.g. Financial Accounting; Taxation, etc.).
All examiners operate to documented Terms of Reference and contractual
agreements.
ATI Feedback/Feedforward paths
ATI is committed to gaining feedback from all its stakeholders and is continually
developing and improving the programme based on this feedback.
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ATI Feedback/Feed-forward paths
Academic Results analysis
Complaints log and analysis
Syllabus Review
Examiner Liaison Days
Surveys
Approved Partner
Agreements
The following paths detail how feedback is collated, actioned and implemented.
Academic Results Analysis
The May & August examination results are reviewed and analysed by the Board of
Examiners. A college-by-college analysis is carried out by the Compliance Officer
to highlight the performance of colleges on a national level. The results are collated
and college performance is measured against previous years’ performances. Poorly
performing colleges are monitored and the examination results are discussed with
the College Course coordinator directly to determine how performance can be
improved.
Complaints Log
ATI has a robust complaints process in place. A Complaints Log is maintained which
details the nature of the complaint, a summary of the response given to the
complainant and the status of the complaint. The Complaints Log is managed by
the Compliance Officer. Once a complaint has been received, the Compliance
Officer will normally manage the complaint through to completion and may escalate
to the Academic Registrar if required. The COO reviews the Complaints Log
regularly to ensure that all complaints are properly addressed.
Appeals
Please refer to information about Appeals on Page 9.
Student and member surveys
Student and member surveys are circulated annually and the results are collated
and analysed by ATI staff. The student survey seeks to collect information on how
students engage with their learning experience. Any possible issues or problems
that arise are actioned by the Compliance Officer in the first instance and any
major issues are captured on the Risk Register for further discussion. The results of
the survey help to develop and improve Accounting Technicians quality processes
across the organisation.
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The member survey also provides very important feedback to the quality system.
Approved Partner Agreements
ATI’s Approved Partner Programme recognises and assures quality in the delivery of
the Accounting Technician programme. It aims to approve academic providers who
successfully support students through ATI’s qualifications.
Approved Partners are required to submit a Statement of Compliance each year.
The statement not only allows ATI to determine if a centre is compliant with our
conditions of recognition, it also highlights areas where a centre reports non-
compliance. If an Approved Partner is non-complaint to one or more conditions, the
partner is asked to inform us of the planned remedial actions that will be
implemented. The Compliance Officer will work closely with any centre that is non-
compliant until quality assurance conditions have been fully implemented.
Quality assurance visits are scheduled annually with the approved partners. The
visits give us an opportunity to meet the College Course Coordinator and tutors of
the centre in person and also allow us to review the facilities and programme
delivery in general. Feedback is collected from students and the Approved
Partner’s staff and any issues or problems are identified and resolved.
Syllabus Review
The programme changes resulting from the most recent Syllabus review, which
took place in 2014-2015, were incorporated into the overall programme delivery for
the academic year 2015/2016. The findings from this review highlighted the need
to completely revamp the Business Management module and to update the Law &
Ethics module. The complete findings of the Syllabus Review Group are available
for consultation.
Examiner Liaison Days
An Examiner Liaison Day is held each year in October. At these sessions, the
subject examiners will make a short presentation on the examinations from the
previous year (both May and August) in which they address exam statistics,
practical exam tips, exam guidance, and exam format, focusing on any changes
that may be appearing. Tutors from all the Approved Partners are invited to attend
the event which gives tutors the opportunity to discuss the programme, syllabus
and the programme delivery overall with the Examiners and ATI.
A holistic approach towards quality assurance
ATI has developed a holistic approach to quality assurance in the organisation as a
whole. The Board of Directors ensures that quality assurance is driven from the top
down. The Board has helped shape the policies and objectives which have been
established and implemented to meet the requirements of ATI, in line with CCEA
and ISO 9001 quality assurance guidelines. The Committees which sit under the
Board of Directors play an integral role in the development and implementation of
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policies and procedures and endeavor to maintain high ethical and professional
standards by adopting best practice standards of governance, quality assurance,
management and leadership, and operational procedures.
A balanced, organisation-wide approach to the implementation of quality
assurance procedures
The Accounting Technicians organisational structure reflects the balanced approach
to the implementation of quality assurance taken by the organisation as a whole.
The Education Board is one of the most important single elements of the
Committee structure and is dedicated to the overall quality assurance of the
programme development and improvement and implementation of our quality
assurance policies and procedures. The Education Board oversees the Board of
Examiners, the Programme Board, the Syllabus Review group and the Assessment
Appeals Panel.
The Education Board continually reviews and audits the performance of the
organisation and any non-conforming issues identified are promptly reflected in our
Standard Operating Procedures and subsequent staff training.
5. Results Information
Description Timeline
Marking timescales for exams
May exams May/June
August exams August/Sept
October exams October
Marking timescales for work based assessments
1st call for Work based assessments Jan – April
2nd call for Work based assessments July – August
3rd call for Work based assessments Sept - October
Results publication & certification
May exams published online 3rd July
1st Year Certs issued 1st week of July
August exams published online 15th Sept
1st Year Certs issued 3rd week of Sept
October exams published online 5th December
1st Year Certs issued 2nd week of
December
The Diploma certificates are issued once a student has completed all 8 exams and
the Work Based learning assessment. All Work based Assessments are approved by
the Assessment Panel that meet in May/Oct/Nov of each year.
6. Professional Fees and Registration
ATI publish all up to date qualification fees annually in the Registration section of
the website and the student prospectus. Further information can be found here.
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7. Qualification Pathway
Membership Structure
Accounting Technicians Ireland has four levels of membership including a
Student level.
Student Members
Student membership is open to all those who have enrolled in an Accounting
Technicians Ireland course and have yet to finish their final exams. They may be
actively studying for the qualification by attending lecturers or through distance
learning, or might have deferred sitting exams for a period of time.
Affiliate Members
Affiliate membership is open to all Students who have passed the Accounting
Technicians Ireland exams but do not yet have the two years relevant work
experience required to complete the qualification and become Full members. It
is an interim class of membership between student and full membership that
allows you to maintain your links with Accounting Technicians Ireland while you
work toward your practical experience requirements.
Please note that Students can proceed straight to submitting their record of
work experience for assessment once they pass their exams, if they have
already gathered the required two years of relevant work experience.
Full Members (MIATI)
A Full Member of Accounting Technicians Ireland is someone who has completed
the Diploma for Accounting Technicians qualification. They will have passed all
their exams, completed at least two years approved work experience within an
accounting or finance environment, passed the work experience assessment and
have been conferred at one of our graduation ceremonies. They are entitled to
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use the professional letters MIATI after their name which is a respected business
accreditation valued by many employers.
Fellow members (FIATI)
Fellow membership is awarded to our most experienced members. They are
entitled to use the professional letters FIATI to differentiate their senior
experience and expertise within the accounting profession. It is open to anyone
who has been a Full member of Accounting Technicians Ireland for 8 years and
has at least 5 years’ experience of working in a senior position within their
employment. Invitations to apply for fellow membership are issued yearly to all
qualifying members.
A workplace mentor
All of your experience has to signed off by a mentor who can verify that you
have achieved all of the associated learning outcomes. To begin achieving your
work experience, a student will need to:
find a workplace mentor (this can be your line manager, employer or a
qualified accountant)
gain two years’ experience in an accounting or finance related role(s)
record your progress using the Record of Work Experience form and have
this verified by the work based mentor
submit the Record of Work Experience to Accounting Technicians Ireland.
(Please note that students must have successfully completed all their
exams before they can submit this form).
8. Further Study
Many who qualify as accounting technicians often choose to continue their
studies and use their MIATI qualification as a stepping stone into other
accountancy and business related areas.
Many of our graduates progress to other accountancy bodies to study to become
an accountant, including:
Chartered Accountants Ireland - our partner body
The Association of Chartered Certified Accountants (ACCA)
The Institute of Certified Public Accountants (CPA)
The Chartered Institute of Management Accountants (CIMA)
All of these bodies offer members of Accounting Technicians Ireland substantial
exemptions.
Other graduates will pursue studies with bodies like the Irish Payroll Association
(IPASS) or the Irish Tax Institute.
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Our Further Studies brochure lists the exemptions that are available to members
of Accounting Technicians Ireland. If the course you want to pursue is not listed
please contact the relevant college for information on applying for exemptions.
Need more information about further study options? Visit our website. http://www.accountingtechniciansireland.ie/Students/Qualification_Pathway/Further_Study/
9. Equality & Inclusion
Our equal opportunities policy seeks to ensure that any individual considering our
qualification is treated fairly regardless of race, gender, disability, age, origin,
religious or political beliefs, sexual orientation, socio-economic background, marital
or civil partnership status.
We are committed to ensuring fair and equal access to our qualification,
examinations and support materials. More information on our Equality Policy can be
found in our Rules and Regulations.
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