ACCA in Singapore

Most Singaporeans prefer to start their careers in Chartered Accountancy by training with institutes of SCA,  which has now been coined CPA Singapore. However, this trend is of late being overtaken by professionals who are seeking to qualify the ACCA program which is far more convenient and facile in being professionally fit and employment ready.

As per official records in the public domain (not verified) 22 percent of CA’s of Singapore are CPA holders and around 36 percent are qualified in ACCA. This trend obviously shows the reach and acceptance by the industry towards ACCA qualified accountants vis-à-vis others. This trend will in the future only show an upward inclination as more and more financial institutions fill the void of their immediate requirements with  ACCA qualified accountants. This trend is also fuelled by the ready availability of ACCA trained accountants all over the world and also by the various training centres in Singapore that are trying their best to provide a solution in filling the vacuum. Currently, as per reports in the public domain over 210 firms are employing ACCA qualified accountants.

ACCA has signed an MOU with the Singapore Accountancy Commission or SAC has permitted ACCA qualifiers and members to join the elite club of Chartered Accountants of Singapore. This provides a huge opportunity for people all over the globe to look at Singapore as their next land of opportunity. This also provides students of ACCA with an opportunity who possess the required skills to collaborate with Singaporean firms through regional internships on their path to becoming a competent Chartered Accountant in Singapore with an ACCA qualification

Singapore being the HQ of most of the global financial giants require a constant stream of qualified accountants to keep pace with the growth of the sector and ACCA would provide the highest opportunity to the budding accountants worldwide who seek to enhance their careers with an ACCA qualification.