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Occupation Details

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Accounting Technician

Job Zone

Education
Most occupations in this zone require job specific training (vocational training) related to the occupation (NFQ Levels 5 and 6 or higher), related on-the-job experience, or a relevant professional award.

Related Experience
Previous work-related skills, knowledge, or experience is required for these occupations. For example, several years of full or part-time employment in the area may suffice.

Job Training
Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognised apprenticeship or training program may be associated with these occupations.

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€22k > 35
Accounting Technician
Salary Range
(thousands per year)*
€22 - 35
Related Information:
Data Source(s):
Sigmar / Abrivia

Last Updated: February, 2017

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
Shortage Indicator

Shortages have been identified in the National Skills Bulletin 2017 for the following areas:

Accounting: Financial and management accountants with expertise in solvency, taxation, IFSR43 relevant skills and regulatory compliance; accountants for roles in industry with ERP system and reporting tools, as well as language skills; actuaries

While demand for general accounting skills is in decline with many tasks now being automated, there are increasing requirements in specific areas of accountancy and for those with crossover skills such as corporate resource managers.

-1.8%
Occupational Category

Financial & Accounting Technicians

Also included in this category:

Accounting technicians; insolvency administrators; managing clerks (accountancy).

Number Employed:

3,700

Part time workers: 9%
Aged over 55: 12%
Male / Female: 54 / 46%
Non-Nationals: 8%
With Third Level: 93%
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At a Glance... header image

Prepares and provides financial records and information for both accountants and financial managers.


Videos & Interviews header image

1Total Records:2

John McElhinney
Accountancy Partner

John McElhinney is a Partner with John McElhinney and Company Chartered Accountants. He completed the IATI accounting technician course and following a 2 year stint in the banking sector where he completed the Financial Services exams and the Investment Advisor exams through the Institute of Bankers in Ireland he returned to the accountancy world and completed a Chartered Accountancy Contract. 

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Bernard Brogan
Chartered Accountant

Bernard Grogan did his training contract to become a Chartered Accountant with Farrell Grant Sparks in Dublin which lasted 3 and half years. He is also a member of the Dublin Senior Football team.

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The Work header image

Accounting Technicians are qualified accounting professionals employed throughout all levels of finance. They perform a wide range of roles including: 

  • Bookkeeping
  • Financial Accounting & Budgeting
  • Costing & Credit Control
  • Payroll Administration
  • Tax Returns

They are involved in the day-to-day practical work of accountancy, including the preparation of information and accounts and the interpretation of computer information.

Qualified Accounting Technicians work for many types of organisation including: 

  • Accounting Practice Firms
  • Financial Services and Broader Industry
  • Accounting function in in SME and large organisations
  • Public Sector organisations
  • Sole Traders

They may also be self-employed. 

An Accounting Technician is not a qualified accountant. Young men and women who qualify as Accounting Technicians should be seen as persons who provide support services for management in their organisations. If they wish to, and have the ability to do so, they may progress to professional status and in due course become members of one of the senior accounting bodies.

Accounts maintenance is a fundamental element of any business, from a sole trader to large multinational. An Accounting Technician can support all elements of the accounts function, including income and expenditure, balance sheet transactions, statutory returns and payroll requirements. 

The Accounting Technician is concerned with bookkeeping, including processing all accounts payable and receivable which supports the preparation of periodic accounts. This entails recording and monitoring income and expenditure including accrued and deferred income. 

Completion of regular bank reconciliations may be required with statutory returns accounted for and completed. Regular analysis and reporting is undertaken to contribute to the overall accounts production. 

The Accounting Technician may produce Management Accounts and supplies vital financial information as to the running of the Company. They have the ability to do costing and cost controls. 

The Accounting Technician may prepare Company annual budgets and monitor the progress of this throughout the year. They may prepare or assist in the preparation of Company year-end financial statements.
On successful completion, the Accounting Technician will perform:

  • Financial Accounting Fundamentals
  • Double-Entry Bookkeeping and Accounting Systems
  • Regulatory Requirements
  • Financial Statements preparation
  • Annual Budgets
  • Cost control
  • Costings across a range of goods and services
  • Business Functions & Context
  • Business Ethics
  • Legal Requirements
  • Company Law
  • Data Protection
  • Corporate Governance
  • Company Tax Administration and Procedures
  • Personal Taxation
  • Accounting Systems
  • Payroll
  • Budgeting


Personal Qualitiesheader image

As an accounting technician you must work accurately and methodically with figures. You must also be capable of compiling and analysing information. This includes writing reports.   
  
Experienced technicians are expected to show initiative and may be in charge of a team of junior technicians and clerical staff.

Skills required:
Core Skills 

  • Process Accounts Receivable and Payable, Sales, Purchases and nominal ledger administration.
  • Maintenance of bookkeeping records o Account for Accruals and Prepayments
  • Support the budget preparation process
  • Support the preparation of accounts
  • Analysis of monthly expenses, credit cards, Vat analysis
  • Ensure timely and accurate completion of statutory obligations
  • Complete bank reconciliations
  • Analyse and interrogate data and provide a high level overview
  • Produce reports
  • Credit control
  • Responsibility for petty cash

Technical Skills 

  • Tax - Completion & filing of VAT Returns. Deal with Revenue queries.
  • Payroll - Setup of new staff, Issuing P45s, Completing Social Welfare Forms, Processing monthly payroll, Preparing payroll Journals.
  • Audit - Support the preparation for the annual audit o Computer skills - Including MS Excel, Word and PowerPoint. Knowledge of accounting software including Sage/Relate Accounts Production

Soft Skills 

  • Operates with a high level of integrity, diplomacy, tact and professionalism
  • Strong interpersonal and communication skills, both written and orally
  • Report Writing
  • Customer Service Skills, helpful and approachable o Strong organisational skills, with ability to manage multiple tasks and resources.
  • Time management including prioritising schedules and timelines o Attention to detail and problem solving
  • Ability to work as part of a team and on their own initiative.

Transversal Skills 

  • Maths, Accounting, English, Computer skills

Competences

  • Integrity
  • Objectivity
  • Professional competence and due care
  • Confidentiality
  • Professional behaviour
  • Confident 
  • Attention to detail
  • Strong communicator
  • Ability to multi task
  • Ability to cope under pressure
  • Strong numeracy skills


Entry Routesheader image

Accounting Technicians are qualified accounting professionals and as such must complete a professional qualification.

The Diploma for Accounting Technicians consists of two elements, which can be completed simultaneously or at different stages:

  • Two year programme of study
  • Two year work based learning

Entry requirements:

To gain entry to the qualification students who are under 21 must meet certain academic requirements in their Leaving Certificate, though these requirements are less restrictive than most third level courses. For those 21 or over, they can gain entry as a mature student and are not required to provide any academic qualifications.

Locations:

Accounting Technicians Ireland courses are available at over 70 colleges throughout the Republic of Ireland and Northern Ireland. These currently include ETBs and Institutes of Technology, and leading private and community colleges. Programmes are also delivered in the Republic of Ireland through SOLAS in a number of their training centres.

Work Experience:

In addition to passing exams, students must also have two years relevant work experience to complete the qualification. Work experience requirements are based on two years full-time employment (or the equivalent part-time) and can be gained at any time from before, during or after you have completed your exams.

Accreditation:

The Diploma for Accounting Technicians is fully approved as a Level 6/7 on the National Framework of Qualifications in Ireland. This equates to a Level 5 on the Qualifications and Credit Framework (QCF) in England, Wales and Northern Ireland. 

The relevant professional bodies are:

  • Chartered Accountants Ireland (CAI)
  • Chartered Institute of Management Accountants  (CIMI) 
  • The Association of Chartered Certified Accountants (ACCA)
  • Institute of Certified Public Accountants in Ireland  (CPA) 
  • Accounting Technicians Ireland (ATI)

To register with one of these bodies you must meet their minimum educational requirements. If you exceed the minimum entry requirements you may be exempted from certain professional accountancy exams.  

A New Apprenticeship route to becoming an Accounting Technician is available from September 2016. 

Last Updated: March, 2015


Further Informationheader image

A detailed description of this occupation can be found on a number of online databases. Follow the link(s) below to access this information:

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Go..Accounting Technician - from: N.C.S. [UK]
Go..Accounting Technician - from: Accounting Technicians Ireland
Go..Accounting Technician - from: gradireland

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Contactsheader image

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Organisation: Accounting Technicians Ireland (ATI)
Address: 47 - 49 Pearse Street, Dublin 2
Tel: (01) 649 8100
Email: Click here
Url Click here

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Accounting Technician

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Accountancy & Taxation
Banking & Financial Services
Business Management & Human Resources
Clerical & Administration

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