Equilibrium thermodynamics is all about equilibrium states, of course. This means the system's state is represented with a point in the phase space (PVT space for simple, hydrostatic systems). In this sense, you can study reversible processes since they are quasistatic and therefore we can draw them as a continuous line in the phase space: the system is at equilibrium every time.
We can also study irreversible processes or even non-quasistatic ones with equilibrium thermodynamics if we like, but there's a catch: since this science can only study equilibrium states, we would need for the process to begin and end in an equilibrium state, which is not so restrictive (e.g: tank of water we heat up and then stop applying heat to it until it goes back to its initial state). Therefore, you can use equilibirum thermodynamics to study global processes. You can only know the net effect of the process on your system. This is due to the fact that thermodynamic potentials are state functions and therefore they only take into account the first and the last point of the process to calculate their variation (again, under the assumption that at least these two states are equilibrium states).
Of course, you can use some tricks to approximate real world processes to quasistatic ones. For instance, you can make the system reach several states of equilibrium consecutively, which would all be drawn on the same curve in the phase space (your quasistatic, ideal process). Nonetheless, reversible processes are much harder to replicate in real life, if possible. If you are interested in finding the time dependence of your magnitudes, then you should use non-equilibrium thermodynamics. Note that, since your magnitudes depend on time, processes will no longer be quasistatic (and therefore won't be reversible either), as in a quasistatic state the system takes "infinitely long time" to go from an equilibrium state to the next one (as the name suggests)