Preparatory Course for Singapore CA Qualification Awarded by Singapore Accountancy Commision (SAC) | SAA Global Education, Jobscentral Learning

Course introduction

Introduction

SAA Global Education is a Registered Learning Organisation (RLO) Status for Singapore CA Qualification and has been teaching the programme since its inception as Singapore QP.

The Singapore CA Qualification is the national CA qualification, developed by the Singapore Accountancy Commission (SAC), and administered by the Institute of Singapore Chartered Accountants (ISCA). SAC is a statutory Board under the Singapore Ministry of Finance.

The Singapore CA Qualification is designed to develop these future business leaders who would hold a Singaporean Chartered Accountant designation.

Area of Studies

The Singapore CA Qualification consists of six modules:

Singapore CA Qualification (Professional Programme) Modules

Capstone – Integrative Business (IB)

This capstone module will develop Candidates’ ability to identify business issues and opportunities, and use their knowledge, skills, values, and judgment acquired from the Ethics and Professionalism module, four technical modules, and practical work experience to develop integrative business solutions for relevant stakeholders groups. Higher order knowledge and skills are required to assess strategic positions, business performance, and governance, as well as identify viable options, recommend appropriate plans to achieve strong organisational performance, and provide sustainable value-added solutions. The module requires Candidates to critically analyse business issues and demonstrate strong analytical skills through interpreting and evaluating multidisciplinary business case study/studies.

Financial Reporting (FR)

Upon completion of the Financial Reporting module, Candidates will be able to demonstrate knowledge and apply the Singapore Financial Reporting Standards (SFRS) to produce a complete set of financial statements for an entity. They will also be able to explain and advise on the application of the SFRS, demonstrating appropriate professional judgment in the process.

Assurance (AS)

Upon completion of the Assurance Module, Candidates will be able to analyse, exercise judgment, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments in Singapore and internationally. The Module addresses a wide variety of issues that a Chartered Accountant of Singapore may encounter. It develops the Candidates’ understanding of professional and ethical considerations as well as ensuring they have a broad understanding of the regulatory environment in Singapore. The Module covers procedures in practice management, including quality control and the acceptance and retention of professional engagements; the audit of financial statements including planning, managing, evidence and review, as well as other assignments and reporting.

Business Value, Governance & Risk (BG)

Upon completion of the Business Value, Governance and Risk module, Candidates will be able to demonstrate a sound understanding of the basis upon which corporate value is created, maintained sustainably (e.g. sound investment decisions) and protected (e.g. by avoidance of excessive concentration of power and lack of scrutiny of management). Candidates will be able to assess how governance arrangements may prevent long-term dysfunctional behaviour. The module addresses risk management as a key factor in governance and strategy. It develops skills from previous studies in asset valuation in the context of wider considerations of capital investment appraisal, including strategic investment decisions, taking into account underlying financial risk management concepts for effective and responsible decision making.

Taxation (TX)

Module Objective Upon completion of the Taxation module, Candidates will be able to deal with the Singapore taxation issues that a general purpose accountant (i.e. an accountant other than one specialising in the provision of tax advice) is likely to encounter, such as income tax from self-employment; employment and investments; the corporation tax liability of individual companies and groups of companies; stamp duty; the goods and services tax liability of businesses; and the types of tax incentives available. Candidates should also be able to appreciate tax planning opportunities under domestic taxation laws. Candidates will also be expected to understand international taxation and comparative tax treatments for financial risk management considerations, though not in a tax planning or advisory role.

Ethics and Professionalism (EP) – Non-Examinable

Entry Requirements

Applicants need to have either of the following:

Direct Entry Degree

Applicants must possess one of the following degrees for no more than 5 years commencing from the date of conferment.

Nanyang Technological University

Bachelor of Accountancy
Master of Science in Accountancy (previously known as Master of Business Administration (Accountancy))

National University of Singapore – Bachelor of Business Administration (Accountancy)
Singapore Management University – Bachelor of Accountancy
Singapore University of Social Sciences – Bachelor of Accountancy (part-time included)
Singapore Management University – Master of Professional Accounting
Singapore Institute of Technology – Bachelor of Accountancy

Applicants who have had an accredited degree for more than 5 years may have their working experience considered for direct admission on a case-by-case basis.

Accredited Degree or Other degree

Applicants must possess an accredited degree or other degree that is recognised by SAC and have completed the Singapore CA Qualification (Foundation) programme.

Practical Requirements

To register, the applicant must be employed in an Accredited Training Organisation (ATO). The ATOs issue a Training Agreement and assign an Approved Mentor to their Candidates.