118+ Free IATI Diploma Practice Questions

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2026 Statistics

Key Facts: IATI Diploma Exam

Academic Modules

Accounting Technicians Ireland Syllabus 2025/2026

50%

Pass Mark

Accounting Technicians Ireland Programme Requirements

€90

Exam Fee Per Module

ATI Fees September 2025/2026

2 years

Programme Duration

Accounting Technicians Ireland Prospectus

23%

Standard Irish VAT Rate

Revenue Commissioners VAT Rates

MIATI

Member Designation

Accounting Technicians Ireland Membership

The IATI diploma is a two-year programme with eight module exams (50% pass mark per module) assessed via online Cirrus exams and work-based tasks. Year 1 professional fees total €840 (€200 registration, €280 textbooks, €360 for four exams at €90 each). The syllabus covers double-entry bookkeeping, FRS 102 financial statements, Irish VAT and income tax, PAYE/PRSI/USC payroll, RCT, management accounting, and spreadsheet-based financial data management. MIATI membership requires two years of relevant work experience via the Work Practice Programme.

Sample IATI Diploma Practice Questions

Try these sample questions to test your IATI Diploma exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 118+ question experience with AI tutoring.

1Under double-entry bookkeeping, when a business purchases inventory on credit from a supplier, which pair of accounts is affected?

A.Debit Cash and credit Purchases

B.Debit Purchases and credit Cash

C.Debit Purchases (or Inventory) and credit Accounts Payable

D.Debit Accounts Payable and credit Purchases

Explanation: Purchasing on credit increases an expense or asset (Purchases/Inventory) and increases a liability (Accounts Payable). The debit records the acquisition; the credit records the obligation to pay the supplier later.

2A sole trader pays €600 rent for three months in advance on 1 April. At 30 April year-end, what adjusting entry is required?

A.Debit Rent Expense €600 and credit Prepaid Rent €600

B.Debit Prepaid Rent €400 and credit Rent Expense €400

C.Debit Rent Expense €200 and credit Prepaid Rent €200

D.No adjustment is required because rent was paid in cash

Explanation: Rent paid in advance is initially recorded as a prepaid asset (Dr Prepaid Rent €600, Cr Cash). After one month, €200 relates to April: Dr Rent Expense €200, Cr Prepaid Rent €200, leaving €400 prepaid for May and June.

3Which document is the primary book of prime entry for recording credit sales to customers?

A.Sales Day Book (Sales Journal)

B.Cash Book

C.Purchases Day Book

D.Petty Cash Book

Explanation: Credit sales are initially listed in the Sales Day Book before being posted in total to the Sales ledger control account and individual customer accounts. It is the book of prime entry for credit sales.

4A trial balance shows equal debit and credit totals but a payment of €450 to a supplier was debited to the supplier account and credited to Purchases. What type of error is this?

A.An error of original entry

B.An error of principle

C.An error of commission

D.An error of reversal

Explanation: Debiting the supplier (payable) and crediting Purchases reverses the normal entries for a payment to a creditor. The trial balance still balances because debit and credit amounts are equal but on the wrong sides.

5Opening capital is €25,000, drawings are €4,000, and closing capital is €31,000. What is the profit for the period?

A.€6,000

B.€14,000

C.€2,000

D.€10,000

Explanation: Using the accounting equation for a sole trader: Closing capital = Opening capital + Profit − Drawings. Therefore Profit = €31,000 − €25,000 + €4,000 = €10,000.

6Which statement best describes the purpose of a suspense account?

A.To accumulate depreciation charges

B.To temporarily hold a difference until an error is identified and corrected

C.To record estimated expenses at year-end

D.To track petty cash imprest balances permanently

Explanation: A suspense account is a temporary holding account used when a trial balance does not balance or when the correct classification is unknown. Once the error is found, entries clear the suspense account to the proper ledger accounts.

7A business maintains a petty cash imprest of €200. At replenishment, vouchers total €168 and the cash box holds €32. What entry records replenishment from the main bank account?

A.Debit Bank €168 and credit Petty Cash Expenses €168

B.Debit Petty Cash Expenses €168 and credit Bank €168

C.Debit Petty Cash €200 and credit Bank €200

D.Debit Drawings €168 and credit Bank €168

Explanation: Replenishment restores the float to €200 by recording the €168 of expenses incurred and paying that amount from the bank. The imprest system keeps the petty cash balance constant while expenses are accumulated via vouchers.

8When posting from the Purchases Day Book, the total for the period is debited to which account?

A.Accounts Receivable control account

B.Purchases (or Purchases ledger control account)

C.Cash at bank

D.Sales

Explanation: The Purchases Day Book total is debited to Purchases (or the purchases ledger control account) and credited to individual supplier accounts in the purchases ledger. This follows the double-entry posting from books of prime entry.

9A credit note received from a supplier for goods returned should be recorded by crediting which account in the Purchases Returns Day Book posting?

A.Accounts Receivable

B.Purchases Returns (or Returns Outwards)

C.Sales Returns

D.Discount Received

Explanation: Returns of goods to suppliers reduce purchases and are recorded in the Purchases Returns Day Book, crediting Purchases Returns and debiting the supplier account. This reduces the amount owed to the supplier.

10Which ratio uses only balance sheet figures and measures short-term liquidity?

A.Return on capital employed

B.Gross profit margin

C.Current ratio

D.Inventory turnover

Explanation: The current ratio (Current Assets ÷ Current Liabilities) compares balance sheet items to assess whether the entity can meet short-term obligations. It is a pure liquidity measure from statement of financial position data.

About the IATI Diploma Exam

The Diploma for Accounting Technicians is a two-year qualification from Accounting Technicians Ireland covering bookkeeping, financial accounting, Irish taxation, payroll, business law, management accounting, and financial data management. Year 1 modules are Financial Accounting, Taxation, Business Law, and Business Management. Year 2 modules are Advanced Financial Accounting, Advanced Taxation, Management Accounting, and Financial Data Management. The MIATI designation is awarded after completing study and two years of relevant work experience.

Assessment

Eight module exams (Year 1 and Year 2) plus work-based tasks; online invigilated exams on Cirrus platform

Time Limit

Varies by module

Passing Score

50%

Exam Fee

€90 per module exam (€360 Year 1); €200 registration Year 1 (Accounting Technicians Ireland (ATI))

IATI Diploma Exam Content Outline

25%

Bookkeeping & Financial Accounting

Double-entry bookkeeping, books of prime entry, trial balance, error correction, financial statements, FRS 102, depreciation, inventory, and cash flows.

25%

Taxation (Republic of Ireland)

Income tax, VAT (23% standard rate), corporation tax, RCT, capital allowances, Revenue Online Service (ROS), and self-assessment.

15%

Payroll Administration

PAYE, PRSI, USC, Revenue Payroll Notification (RPN), real-time payroll reporting, P45/P60, and benefits-in-kind.

20%

Advanced Financial Accounting & Management Accounting

Advanced financial reporting, consolidation concepts, management accounting, costing, budgeting, break-even analysis, and variance analysis.

15%

Business Law, Management & Financial Data Management

Contract and company law, corporate governance, professional ethics, leadership, spreadsheet methods, accounting software, and data analytics.

How to Pass the IATI Diploma Exam

What You Need to Know

Passing score: 50%
Assessment: Eight module exams (Year 1 and Year 2) plus work-based tasks; online invigilated exams on Cirrus platform
Time limit: Varies by module
Exam fee: €90 per module exam (€360 Year 1); €200 registration Year 1

Keys to Passing

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

IATI Diploma Study Tips from Top Performers

1Practise double-entry bookkeeping daily — journal entries, control accounts, and bank reconciliations appear throughout Year 1 Financial Accounting.

2Learn Irish VAT rates (23% standard, 13.5% and 9% reduced) and practise calculating input and output VAT on business transactions.

3Master PAYE, PRSI, and USC calculations using Revenue Payroll Notification (RPN) data — payroll is 20% of the Year 1 Taxation module syllabus.

4Understand FRS 102 concepts for depreciation, inventory valuation (FIFO), and statement of cash flows preparation.

5Use spreadsheet practice for management accounting — break-even analysis, budget variances, and pivot-table summaries are core Year 2 skills.

Frequently Asked Questions

How many modules are in the IATI diploma?

The diploma comprises eight academic modules over two years. Year 1 covers Financial Accounting, Taxation, Business Law, and Business Management. Year 2 covers Advanced Financial Accounting, Advanced Taxation, Management Accounting, and Financial Data Management.

What is the pass mark for IATI module exams?

The pass mark is 50% for all subjects. Module results combine terminal exam performance with work-based tasks submitted during the academic year.

How much do IATI Year 1 professional fees cost?

Year 1 professional fees (2025/2026) total €840, comprising €200 registration, €280 for course textbooks (€70 × 4 modules), and €360 for examinations (€90 × 4 modules). College tuition fees are separate where studying with a partner college.

How do I qualify for MIATI membership?

You must successfully complete two years of study (all eight modules plus work-based tasks), complete the Work Practice Programme, and accumulate two years of relevant work experience in an accounting or finance environment.

Are IATI exams taken online?

Yes. Module exams are delivered online through the Cirrus Online Assessment Platform with remote invigilation. Main sittings are in May with repeat exams in August.