ACCOUNTANCY AND FINANCIAL MANAGEMENT: SECTOR ESSENTIALS
WHY IS IT SO IMPORTANT TO QUALIFY AS A PROFESSIONAL ACCOUNTANT? Getting those letters after your name represents more than just your achievements – it represents the skills at your disposal.
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he high level of difficulty and lofty standards of accountancy qualifications mean that you have to study very hard to earn a qualification from a recognised professional body in the sector. Although it can be tough, rest assured that your dedication will pay off, earning you one step closer to your dreams. Not only will these qualifications give you a degree of prestige on your resume, they can be the vital difference between a successful career and stagnation. For instance, you can prove to prospective employers and clients that you not only have the necessary skills and training needed to do your job well, but that you also have the discipline to persevere through such a rigorous course. Moreover, in Singapore, there’s no need to earn a degree before becoming an accountant – instead, you can opt to pursue professional qualifications.
In the sector Singapore’s accountancy scene boasts several professional bodies, from those that specialise in certain areas to others that cover all aspects. It takes approximately three years to earn a qualification from a professional body, and the course typically involves a number of examinations and practical work experience. While it’s possible to study full-time at an academic institution without working, membership with professional bodies usually cannot be gained without some work experience. Because of this, most in Singapore choose to study and work concurrently, with most employers willing to give time for employees to study.
Making a choice Your employer may influence the professional qualification you choose, or a choice may be given. Or perhaps, you’re trying to decide on which company to work for because different qualifications are offered. Whatever your choice turns out to be, remember to take your future career plans into account before gunning for that qualification! There’s no one qualification easier than another – every pathway adheres to high standards. Rather, the dissimilarities actually lie in your chosen area of employment, syllabus and training. No matter the qualification you choose, membership of a professional body will show potential employers your drive and ambition, and also equip you with the skills needed for a successful career in accountancy.
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