121+ Free CAP1 Practice Questions

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Chartered Accountants Ireland — CA Proficiency 2 (CAP2)

Practice Questions123 questions

2026 Statistics

Key Facts: CAP1 Exam

CAP1 Subjects

Chartered Accountants Ireland

50/100

Pass Mark (Full Papers)

CAP1 Exam Regulations

25/50

Pass Mark (Law)

CAP1 Exam Regulations

90 min

Law E-Assessment Duration

CAP1 Exam Information

2.5 hrs

Full Paper Duration

CAP1 Exam Information

Max Attempts (3 cycles)

CAP1 Exam Regulations

CAP1 comprises five subjects: one half-paper (Law, 90-minute e-assessment, pass 25/50) and four full papers (Finance, Management Accounting, Financial Accounting, Taxation I — each 2.5 hours, pass 50/100). Law must be passed first. Students get up to six attempts over three academic cycles. This free practice bank offers 100 MCQs mapped to the official syllabus for revision — the live exams are written, not multiple-choice.

Sample CAP1 Practice Questions

Try these sample questions to test your CAP1 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 121+ question experience with AI tutoring.

1Under Irish contract law, which of the following is generally required for a binding contract between two commercial parties?

A.Offer, acceptance, consideration, and intention to create legal relations

B.A written document signed by both parties in all cases

C.Registration with the Companies Registration Office (CRO)

D.Payment of a deposit before negotiations conclude

Explanation: Irish contract law requires the classical elements: a valid offer, unqualified acceptance, consideration (something of value exchanged), and intention to create legal relations. Most commercial contracts do not need to be in writing, though certain statutes require written form for specific transactions.

2A company director in Ireland breaches the duty to act honestly and responsibly in the conduct of the company's affairs. Under the Companies Act 2014, this duty is owed primarily to:

A.The Revenue Commissioners exclusively

B.The company itself

C.Individual shareholders personally, ahead of the company

D.Creditors only after insolvency proceedings commence

Explanation: Section 228 of the Companies Act 2014 codifies directors' fiduciary duties, including the duty to act honestly and responsibly in the conduct of the company's affairs. These duties are owed to the company as a separate legal entity, though creditors' interests become more prominent as insolvency approaches.

3Under the Unfair Dismissals Acts 1977–2015 (Ireland), what is the general minimum period of continuous service an employee must have to bring an ordinary unfair dismissal claim?

A.6 months

B.24 months

C.12 months

D.No minimum service period applies in all cases

Explanation: An employee generally requires 12 months' continuous service to qualify to bring an unfair dismissal claim under the Unfair Dismissals Acts. Certain dismissals (e.g. pregnancy-related, trade union membership, whistleblowing in defined cases) may be protected without the 12-month qualifying period.

4In Irish tort law, which element must a claimant prove to establish negligence against a defendant?

A.That the defendant acted with deliberate intent to cause harm

B.That a written contract existed between the parties

C.That the defendant held professional indemnity insurance

D.That the defendant owed a duty of care, breached it, and caused foreseeable loss

Explanation: Negligence requires: (1) a duty of care, (2) breach of that duty, (3) causation linking breach to damage, and (4) the damage must not be too remote. Intent is not required — negligence is fault-based but not intentional wrongdoing.

5Which Irish statute is the principal consumer protection legislation governing unfair commercial practices and consumer rights?

A.Consumer Protection Act 2007

B.Sale of Goods and Supply of Services Act 1980 only

C.Companies Act 2014

D.Industrial Relations Act 1990

Explanation: The Consumer Protection Act 2007 implements EU directives on unfair commercial practices and strengthens consumer rights in Ireland. It works alongside the Sale of Goods and Supply of Services Act 1980, which deals with implied terms in consumer and commercial contracts for goods and services.

6A private company limited by shares (LTD) incorporated in Ireland under the Companies Act 2014 may have how many members?

A.A minimum of 2 and maximum of 50 members

B.Between 1 and 149 members

C.Unlimited members with no statutory cap

D.Exactly 7 members as a mandatory minimum

Explanation: The LTD company type under the Companies Act 2014 allows a single-member company (sole member) and permits up to 149 members. This replaced the older private limited company rules that required at least two members in many cases.

7Under Irish agency law, when is a principal bound by a contract entered into by an agent with a third party?

A.Only when the agency agreement is registered with the CRO

B.Whenever the agent claims to act on behalf of any person

C.When the agent had actual authority, or the principal ratifies, or apparent authority applies

D.Only when the principal signs the contract personally

Explanation: A principal is bound if the agent had actual authority (express or implied), if the principal subsequently ratifies the agent's act, or if apparent (ostensible) authority leads the third party reasonably to believe the agent was authorised.

8Which body is responsible for registering companies and filing annual returns in the Republic of Ireland?

A.The Central Bank of Ireland

B.The Workplace Relations Commission

C.The Irish Auditing and Accounting Supervisory Authority (IAASA)

D.The Companies Registration Office (CRO)

Explanation: The CRO maintains the register of companies, receives incorporation documents, and processes annual returns and certain statutory filings. IAASA supervises auditors and accounting standards; the Central Bank regulates financial services firms.

9Under the Employment Equality Acts 1998–2015 (Ireland), discrimination on which of the following grounds is prohibited in employment?

A.Gender, civil status, family status, sexual orientation, religion, age, disability, race, and membership of the Traveller community

B.Only gender and race

C.Only grounds expressly listed in the individual employment contract

D.Performance-related grounds such as absenteeism only

Explanation: The Employment Equality Acts prohibit discrimination across nine protected grounds in employment and vocational training. Employers must ensure equal treatment in recruitment, conditions, training, promotion, and dismissal.

10In Northern Ireland, which Act primarily governs the sale of goods in business-to-business and consumer transactions?

A.Sale of Goods and Supply of Services Act 1980

B.Sale of Goods Act 1979

C.Companies Act 2014

D.Fair Employment and Treatment (NI) Order 1998 only

Explanation: Northern Ireland applies UK sale of goods legislation, principally the Sale of Goods Act 1979. The Republic of Ireland uses the Sale of Goods and Supply of Services Act 1980. Trainees must understand both ROI and NI jurisdictional differences.

About the CAP1 Exam

CAP1 (CA Proficiency 1) is the foundation stage of the ACA qualification with Chartered Accountants Ireland. Trainees study Law for Accountants (ROI and NI), Finance, Management Accounting, Financial Accounting, and Taxation I. The Law e-assessment must be passed before other CAP1 examinations. From 2025/26, adaptive learning extends across all CAP1 subjects.

Assessment

Five subjects: Law (half paper, 90-min e-assessment); Finance, Management Accounting, Financial Accounting, Taxation (full papers, 2.5 hours each). Official exams are written; this practice bank uses 100 MCQs for revision.

Time Limit

Law: 90 minutes; each full paper: 2.5 hours

Passing Score

50/100 per full paper; 25/50 for Law

Exam Fee

Included in CAP1 programme fee (training firm under contract) (Chartered Accountants Ireland)

CAP1 Exam Content Outline

Half paper

Law for Accountants (ROI/NI)

Contract law, company law, employment law, tort, consumer protection, data protection, and jurisdictional differences between Republic of Ireland and Northern Ireland.

Full paper

Finance

Financial management principles, investment appraisal (NPV, IRR, payback), working capital, cost of capital, sources of finance, and the financial environment for developing companies.

Full paper

Management Accounting

Costing systems, absorption and marginal costing, standard costing variances, budgeting, CVP analysis, relevant costing, and short-term decision-making.

Full paper

Financial Accounting

Double-entry bookkeeping, FRS 102 fundamentals, financial statements, depreciation, inventory, receivables, provisions, and company accounts under Irish company law.

Full paper

Taxation I (ROI/NI)

ROI: personal income tax, PAYE, USC, PRSI, VAT, CAT, and CGT. NI: income tax, corporation tax, and VAT administered by HMRC.

How to Pass the CAP1 Exam

What You Need to Know

Passing score: 50/100 per full paper; 25/50 for Law
Assessment: Five subjects: Law (half paper, 90-min e-assessment); Finance, Management Accounting, Financial Accounting, Taxation (full papers, 2.5 hours each). Official exams are written; this practice bank uses 100 MCQs for revision.
Time limit: Law: 90 minutes; each full paper: 2.5 hours
Exam fee: Included in CAP1 programme fee (training firm under contract)

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

CAP1 Study Tips from Top Performers

1Pass Law early — it is a prerequisite for sitting the other four CAP1 papers.

2Financial Accounting and double-entry bookkeeping reward daily practice; use the toolkit exercises alongside theory.

3For Taxation I, master ROI PAYE/USC/PRSI and VAT fundamentals before NI HMRC rules.

4Management Accounting variance analysis and Finance investment appraisal questions often require show-your-work discipline in the live exam — practise structured approaches.

5Use continuous assessment windows seriously; from 2025/26 adaptive learning feeds into your overall subject mark.

Frequently Asked Questions

How many subjects are in CAP1?

CAP1 has five subjects: Law for Accountants (ROI/NI) — a half paper; and four full papers in Finance, Management Accounting, Financial Accounting, and Taxation I (ROI/NI).

What is the passing score for CAP1?

You need 50 out of 100 to pass each full paper. Law is a half subject, so the pass mark is 25 out of 50. Overall marks combine continuous assessment and examination where applicable.

Must I pass Law before other CAP1 exams?

Yes. Chartered Accountants Ireland requires students to pass the CAP1 Law e-assessment before sitting any of the other CAP1 examinations.

How long is each CAP1 examination?

The Law e-assessment is 90 minutes. Finance, Management Accounting, Financial Accounting, and Taxation papers are each 2.5 hours.

How many attempts do I get at CAP1?

Students may make a maximum of six attempts over three consecutive academic cycles per subject. Deferring or not presenting for a sitting counts as a forfeited attempt.