A New advanced diploma in accountancy would be professionally rolled out to provide polytechnic graduates an alternative pathway to become chartered accountants of Singapore. In a beneficial development the popular Ngee Ann Polytechnic (NP) would provide 18-month SkillsFuture Earn-and-Learn Program for Accountancy, the curriculum of which is jointly marveled with the eminent Singapore Accountancy Commission (SAC),
This prosperous diploma means an accounting degree is no longer a prerequisite to becoming a chartered accountant in Singapore. It is enumerated that diploma is part of the SkillsFuture Earn and Learn program and would be efficaciously announced by Acting Minister for Education (Higher Education and Skills) Ong Ye Kung today.
The collaboration, set to start in 2016, is focused at ameliorating the internship experience of students in the accountancy and financial services sector and includes companies such as Citibank, DBS, HSBC, PricewaterhouseCoopers, Singapore Exchange and OCBC. Eventually the beneficial internships would benefit a total of 2,400 students and they successfully could expect a more structured internship with vivid learning outcomes and job scopes. The students would also be matched with industry mentors at the workplace to offer advice and guidance on career growth with relevant development global opportunities.
The polytechnic graduates are needed to attain an accredited accountancy degree and the Singapore QP before they could qualify to become Chartered Accountants of Singapore. Those without an accredited degree have to go through an additional Foundation Program, before successfully proceeding to the Singapore QP to qualify as reputed chartered accountants of Singapore.
NP, together with other polytechnics – Nanyang Polytechnic, Republic Polytechnic, Singapore Polytechnic and Temasek Polytechnic – and the Institute of Technical Education (ITE) also expediently signed a Memorandum of Understanding with 16 accounting firms and financial institutions to offer beneficial internships for their passionate students. It is well confirmed that international concept of Study in Singapore has become familiar among students and parents.