ACCA Students.

[shopaholic131]

I have DEC 2012 edition:

P2 LSBF Sammi class.Full set available includes clear recordings.
P3 SAA Philip Woo class.Full set available. Includes clear recordings.

Helping my friend, DEC 2012 edition:

P3 FTMS Marty.Full set available.
F9 LSBF Sammi.Full set available.

**Full set= Full time class notes+text books+Revision set+everything

Interested please PM me or email at shopaholic131@gmail.com

 

[godbowen]

ya but if u want to become CA....u need to become CPA and then ICPAS will grandfather this designation to CA in QP. Thats what most likely will affected members become.

Hi Gunzer, was that so I thought CA and CPA were two different designations accredited by different bodies.

C.A of S'pore is what you get after finishing QP
CPA is after finishing 3yrs exp + QP.

Sorry if I've misunderstood it, I have attached the slide below pg19
http://www.acra.gov.sg/NR/rdonlyres/1DC91E0E-2609-4BCB-946E-34609E2E80F5/16737/4ProfessionalDevt_DrErnestKan_ICPASv3.pdf

 

[acctacct]

Hi Gunzer, was that so I thought CA and CPA were two different designations accredited by different bodies.

C.A of S'pore is what you get after finishing QP
CPA is after finishing 3yrs exp + QP.

Sorry if I've misunderstood it, I have attached the slide below pg19
http://www.acra.gov.sg/NR/rdonlyres/1DC91E0E-2609-4BCB-946E-34609E2E80F5/16737/4ProfessionalDevt_DrErnestKan_ICPASv3.pdf

There will be no cpa designation after dec 2016. Only chartered accountant will exist. IMO, singapore wants to create their own accountancy brand.

Accrediated accounting degree (eg. Unisim,ntu,nus,smu) can take the sqp program once they graduate.

Non-accrediated accounting degree(eg. Uol acct n finance) need to take some papers from icpas. After that, they can proceed to sqp.

Degree from other discipline can take the sqp program. But there are some requirements.

Lastly, news will be released on june 2013 whether acca will be at the same level as local u, to enter the sqp program.
If not, acca grad maybe need to fufill some requirement from icpas before acca grad can enter the sqp program. Reason: singapore accountancy commisson do not want to short-changed*the local unis.

 

[ongwk0]

Transition from CPA Singapore to Chartered Accoutant Singapore

Below is an extract of correspondences with SQP, let u all have a better idea. I have specifically highlighted areas with regards to ACCA.


>Subject: Transition from CPA Singapore to Chartered Accoutant Singapore
Question
Answer
1 What exactly is this Singapore QP?

This is a programme which must be all completed by all individuals (from any disciplines) who aspire to be professional accountants. The Singapore Accountancy Commission (SAC) is pushing for global recognition of CA, Singapore which will increase the job mobility of the CA as jurisdiction of other countries will also recognise CA Singapore as professional accountants through the link-up with other professional bodies, including ICAEW, AICPA, Chartered Accountants of Canada, Institute of Chartered Accountants of Australia. This is still in progress.

2 So are you saying that the current status of CPA Singapore is not globally recognised?

CPA Singapore is still recognised by certain jurisdictions but Singapore QP seeks for enhanced global recognition through the aforementioned link-ups. For example, going forward, you may actually apply a job in London citing that you are also an ICAEW member as long as you are a CA, Singapore, once the link-up has been formally finalised. This is what you cannot do as a CPA Singapore. In any case, the designation CPA of Singapore will be superseded with the term CA of Singapore. Going forward, there will no longer be any CPA Singapore designation.

3 What? But I am already a CPA Singapore. In this case, are you saying that I still have to go through the QP programme again to get the designation of CA of Singapore?

No. In this case, existing CPA Singapore are known as “grandfathers”. You will be granted automatic transition to becoming CA Singapore. However, please take note that while you are CA Singapore in name, in substance, you will not be entitled to the global affiliation with other professional bodies that SAC is actively seeking link-ups with. In short, if you want to be a CA Singapore and cite yourself as also an ICAEW member in future, you need to go through the Singapore QP to get that official CA Singapore status to enjoy those link-ups that SAC manages to secure.

4 I am not interested in the global affiliation as I have gotten my ACCA which is already an internationally recognised professional qualification. However I have not gotten my CPA Singapore yet. Am I still in time to apply for CPA Singapore?

Yes, you just need to make sure you become CPA Singapore by 31 December 2013 so that you can be grandfathered to CA of Singapore designation. Given that it takes 6 to 8 weeks to process the application and there will be a rush for the application of CPA Singapore, it is important that you plan early in advance to sit for and complete your 5 days pre-admission course (PAC) and make sure that you meet other conditions which include possessing the approved entry qualifications and the attainment of a minimum of 3 years of relevant work experience at the date of your application.

5 I’m not in time to meet the cut-off. What now? Can I still be an auditor or accountant in Singapore?

Yes, you can. Singapore currently does not impose any restrictions or require an individual to be a CA of Singapore to hold the position of an accountant or auditor. However, if you intend to be practicing accountant, you will need to be a CA of Singapore. In addition, if you are applying for a commercial job, it gives you an edge if you are a CA of Singapore as it represents a professional qualification. 6 If I want to enroll in the Singapore QP, do I need to have any pre-requisites? Currently, the Singapore QP is only open to graduates. Hence, if you are not a graduate, you will not be able to enroll in the Singapore QP. In addition, if you are a graduate from overseas colleges or universities, the college or university must be recognised by SAC before you are eligible for enrolment.

7 I am not a graduate but I am an existing ACCA member which is also a professional qualification. Can I apply for Singapore QP?

If you are currently a non-graduate with an ACCA qualification, you are not eligible to embark on the Singapore QP. As per point 4, if you are interested in getting a CA Singapore, you should try to meet the cut-off by 31 December 2013. However, please bear in mind that this is only in name so you are not entitled to the full-fledged benefits of being a CA Singapore.
8 How about me? I am also not a graduate and have just started my ACCA program and I won’t be able to finish by ACCA program and apply for CPA Singapore by 31December 2013.

If you have already started your ACCA program, as a transition measure, you are given until 31 December 2016 to complete the ACCA programme and apply for CPA Singapore from ICPAS to be “grandfathered” into the CA Singapore designation in name.

9 I am an overseas graduate but of a non-accounting discipline but am keen on taking Singapore. Can I take up Singapore QP?

Yes, you may. However, you can provide me the name of your university or college so that we can find out from the SAC as to whether your college/university is accredited by the SAC.

The official transitional programme will be announced in Feb/Mar 2013.

 

[GunzerX]

Hi Gunzer, was that so I thought CA and CPA were two different designations accredited by different bodies.

C.A of S'pore is what you get after finishing QP
CPA is after finishing 3yrs exp + QP.

Sorry if I've misunderstood it, I have attached the slide below pg19
http://www.acra.gov.sg/NR/rdonlyres/1DC91E0E-2609-4BCB-946E-34609E2E80F5/16737/4ProfessionalDevt_DrErnestKan_ICPASv3.pdf

Yr powerpoint slide is in 2010.

Please refer to this:

2) Would existing members holding the CPA Singapore designation be affected by the launch of the SQP?
We understand that the Pro-Tem SAC is considering one Singapore-branded professional accountancy designation with the introduction of the SQP. Under such a scenario, existing CPA Singapore holders will no longer be able to retain the CPA Singapore designation and will be grandfathered over to the new Chartered Accountant of Singapore or C.A.(Singapore) designation, without having to take the SQP examinations but will have option to do so if they wish to. The detailed transitional arrangements are currently being deliberated by the Pro-Tem SAC. More information will be released in due course.

ICPAS Members

This only applicable to members of ICPAS who is already CPA. Including us who are able to catch last train to CPA by 2016.

 

[GunzerX]

Below is an extract of correspondences with SQP, let u all have a better idea. I have specifically highlighted areas with regards to ACCA.


>Subject: Transition from CPA Singapore to Chartered Accoutant Singapore
Question
Answer
1 What exactly is this Singapore QP?

This is a programme which must be all completed by all individuals (from any disciplines) who aspire to be professional accountants. The Singapore Accountancy Commission (SAC) is pushing for global recognition of CA, Singapore which will increase the job mobility of the CA as jurisdiction of other countries will also recognise CA Singapore as professional accountants through the link-up with other professional bodies, including ICAEW, AICPA, Chartered Accountants of Canada, Institute of Chartered Accountants of Australia. This is still in progress.

2 So are you saying that the current status of CPA Singapore is not globally recognised?

CPA Singapore is still recognised by certain jurisdictions but Singapore QP seeks for enhanced global recognition through the aforementioned link-ups. For example, going forward, you may actually apply a job in London citing that you are also an ICAEW member as long as you are a CA, Singapore, once the link-up has been formally finalised. This is what you cannot do as a CPA Singapore. In any case, the designation CPA of Singapore will be superseded with the term CA of Singapore. Going forward, there will no longer be any CPA Singapore designation.

3 What? But I am already a CPA Singapore. In this case, are you saying that I still have to go through the QP programme again to get the designation of CA of Singapore?

No. In this case, existing CPA Singapore are known as “grandfathers”. You will be granted automatic transition to becoming CA Singapore. However, please take note that while you are CA Singapore in name, in substance, you will not be entitled to the global affiliation with other professional bodies that SAC is actively seeking link-ups with. In short, if you want to be a CA Singapore and cite yourself as also an ICAEW member in future, you need to go through the Singapore QP to get that official CA Singapore status to enjoy those link-ups that SAC manages to secure.

4 I am not interested in the global affiliation as I have gotten my ACCA which is already an internationally recognised professional qualification. However I have not gotten my CPA Singapore yet. Am I still in time to apply for CPA Singapore?

Yes, you just need to make sure you become CPA Singapore by 31 December 2013 so that you can be grandfathered to CA of Singapore designation. Given that it takes 6 to 8 weeks to process the application and there will be a rush for the application of CPA Singapore, it is important that you plan early in advance to sit for and complete your 5 days pre-admission course (PAC) and make sure that you meet other conditions which include possessing the approved entry qualifications and the attainment of a minimum of 3 years of relevant work experience at the date of your application.

5 I’m not in time to meet the cut-off. What now? Can I still be an auditor or accountant in Singapore?

Yes, you can. Singapore currently does not impose any restrictions or require an individual to be a CA of Singapore to hold the position of an accountant or auditor. However, if you intend to be practicing accountant, you will need to be a CA of Singapore. In addition, if you are applying for a commercial job, it gives you an edge if you are a CA of Singapore as it represents a professional qualification. 6 If I want to enroll in the Singapore QP, do I need to have any pre-requisites? Currently, the Singapore QP is only open to graduates. Hence, if you are not a graduate, you will not be able to enroll in the Singapore QP. In addition, if you are a graduate from overseas colleges or universities, the college or university must be recognised by SAC before you are eligible for enrolment.

7 I am not a graduate but I am an existing ACCA member which is also a professional qualification. Can I apply for Singapore QP?

If you are currently a non-graduate with an ACCA qualification, you are not eligible to embark on the Singapore QP. As per point 4, if you are interested in getting a CA Singapore, you should try to meet the cut-off by 31 December 2013. However, please bear in mind that this is only in name so you are not entitled to the full-fledged benefits of being a CA Singapore.
8 How about me? I am also not a graduate and have just started my ACCA program and I won’t be able to finish by ACCA program and apply for CPA Singapore by 31December 2013.

If you have already started your ACCA program, as a transition measure, you are given until 31 December 2016 to complete the ACCA programme and apply for CPA Singapore from ICPAS to be “grandfathered” into the CA Singapore designation in name.

9 I am an overseas graduate but of a non-accounting discipline but am keen on taking Singapore. Can I take up Singapore QP?

Yes, you may. However, you can provide me the name of your university or college so that we can find out from the SAC as to whether your college/university is accredited by the SAC.

The official transitional programme will be announced in Feb/Mar 2013.

A summary for all ACCA students who is still not sure of our future:

Current ICPAS students who is taking ACCA and have not graduate yet:
1) You are eligible as transitional status to CA Singapore from CPA if you are able to obtain and complete your ACCA exam by 31 Dec 2016
2)Only apply to ICPAS Plus route members. Non members are to wait for new mutual agreement with QP. whether got exemption or have to take Full QP from academic or professional level.
3) If never complete acca by 31 Dec 2016, existing students will not be grandfather to CA Singapore designation

CPA and CA Singapore is different designation with CA supercedes the old CPA designation. In other words, CPA is the older version of qualified professional acct in Singapore. Now it is called CA.

 

[GunzerX]

Meaning of 'Grandfather' under transition to CA context

A grandfather clause is a situation in which an old rule continues to apply to some existing situations, while a new rule will apply to all future situations

This mean that the old rules of becoming CPA/CA with existing students or affected CPA remained while future students will have to follow the new rule and fufill the QP qualification programme requirement.

 

[Kenzo88]

A summary for all ACCA students who is still not sure of our future:

Current ICPAS students who is taking ACCA and have not graduate yet:
1) You are eligible as transitional status to CA Singapore from CPA if you are able to obtain and complete your ACCA exam by 31 Dec 2016
2)Only apply to ICPAS Plus route members. Non members are to wait for new mutual agreement with QP. whether got exemption or have to take Full QP from academic or professional level.
3) If never complete acca by 31 Dec 2016, existing students will not be grandfather to CA Singapore designation

CPA and CA Singapore is different designation with CA supercedes the old CPA designation. In other words, CPA is the older version of qualified professional acct in Singapore. Now it is called CA.

For point 1, does it include the 3 years working experience or solely the completion of acca exams?

Suddenly I'm too blur.

 

[Kyoji83]

This mean that any degree graduate can get CA & become a practicing accountant in Singapore & get status of ICAEW, AICPA, Chartered Accountants of Canada, Institute of Chartered Accountants of Australia to work worldwide.

It is a good news for non-accounting graduate but not a good news for ACCA students/graduates.

Maybe I should consider a mid-career change.

Below is an extract of correspondences with SQP, let u all have a better idea. I have specifically highlighted areas with regards to ACCA.


>Subject: Transition from CPA Singapore to Chartered Accoutant Singapore
Question
Answer
1 What exactly is this Singapore QP?

This is a programme which must be all completed by all individuals (from any disciplines) who aspire to be professional accountants. The Singapore Accountancy Commission (SAC) is pushing for global recognition of CA, Singapore which will increase the job mobility of the CA as jurisdiction of other countries will also recognise CA Singapore as professional accountants through the link-up with other professional bodies, including ICAEW, AICPA, Chartered Accountants of Canada, Institute of Chartered Accountants of Australia. This is still in progress.

2 So are you saying that the current status of CPA Singapore is not globally recognised?

CPA Singapore is still recognised by certain jurisdictions but Singapore QP seeks for enhanced global recognition through the aforementioned link-ups. For example, going forward, you may actually apply a job in London citing that you are also an ICAEW member as long as you are a CA, Singapore, once the link-up has been formally finalised. This is what you cannot do as a CPA Singapore. In any case, the designation CPA of Singapore will be superseded with the term CA of Singapore. Going forward, there will no longer be any CPA Singapore designation.

3 What? But I am already a CPA Singapore. In this case, are you saying that I still have to go through the QP programme again to get the designation of CA of Singapore?

No. In this case, existing CPA Singapore are known as “grandfathers”. You will be granted automatic transition to becoming CA Singapore. However, please take note that while you are CA Singapore in name, in substance, you will not be entitled to the global affiliation with other professional bodies that SAC is actively seeking link-ups with. In short, if you want to be a CA Singapore and cite yourself as also an ICAEW member in future, you need to go through the Singapore QP to get that official CA Singapore status to enjoy those link-ups that SAC manages to secure.

4 I am not interested in the global affiliation as I have gotten my ACCA which is already an internationally recognised professional qualification. However I have not gotten my CPA Singapore yet. Am I still in time to apply for CPA Singapore?

Yes, you just need to make sure you become CPA Singapore by 31 December 2013 so that you can be grandfathered to CA of Singapore designation. Given that it takes 6 to 8 weeks to process the application and there will be a rush for the application of CPA Singapore, it is important that you plan early in advance to sit for and complete your 5 days pre-admission course (PAC) and make sure that you meet other conditions which include possessing the approved entry qualifications and the attainment of a minimum of 3 years of relevant work experience at the date of your application.

5 I’m not in time to meet the cut-off. What now? Can I still be an auditor or accountant in Singapore?

Yes, you can. Singapore currently does not impose any restrictions or require an individual to be a CA of Singapore to hold the position of an accountant or auditor. However, if you intend to be practicing accountant, you will need to be a CA of Singapore. In addition, if you are applying for a commercial job, it gives you an edge if you are a CA of Singapore as it represents a professional qualification.

6 If I want to enroll in the Singapore QP, do I need to have any pre-requisites?

Currently, the Singapore QP is only open to graduates. Hence, if you are not a graduate, you will not be able to enroll in the Singapore QP. In addition, if you are a graduate from overseas colleges or universities, the college or university must be recognised by SAC before you are eligible for enrolment.

7 I am not a graduate but I am an existing ACCA member which is also a professional qualification. Can I apply for Singapore QP?

If you are currently a non-graduate with an ACCA qualification, you are not eligible to embark on the Singapore QP. As per point 4, if you are interested in getting a CA Singapore, you should try to meet the cut-off by 31 December 2013. However, please bear in mind that this is only in name so you are not entitled to the full-fledged benefits of being a CA Singapore.
8 How about me? I am also not a graduate and have just started my ACCA program and I won’t be able to finish by ACCA program and apply for CPA Singapore by 31December 2013.

If you have already started your ACCA program, as a transition measure, you are given until 31 December 2016 to complete the ACCA programme and apply for CPA Singapore from ICPAS to be “grandfathered” into the CA Singapore designation in name.

9 I am an overseas graduate but of a non-accounting discipline but am keen on taking Singapore. Can I take up Singapore QP?

Yes, you may. However, you can provide me the name of your university or college so that we can find out from the SAC as to whether your college/university is accredited by the SAC.

The official transitional programme will be announced in Feb/Mar 2013.

 

[ongwk0]

u must fulfill CPA requirement, that is, inclusive of relevant years of experience by Dec 2016.

this is my understanding maybe im wrong.

 

[GunzerX]

now the concern is by 31 Dec 2016....it seem like we must apply for CPA singapore meaning must have five year pre-post and 3 yr post exp at least to qualify to grandfather to CA designation?

Or just finish the exam by 2016?

 

[GunzerX]

For point 1, does it include the 3 years working experience or solely the completion of acca exams?

Suddenly I'm too blur.

thats my thought too but ongwk0 seem to make a valid point based on the info from ACCA. I think we do have to complete the relevant exp. For me is ok because by 2016 I would have worked 5-6yrs pre post exp. I hope the announcement is for completing exam only by 2016. Or else not fair to those who complete in 2013 but not enough time to gain exp.

 

[GunzerX]

Reclassification to a CPA Singapore

1.Approved as a Associate Member;
2.Attended and Passed 5 days Pre-Admission Course;
3.Possess at least 3 years post qualification or 5 years pre-post qualification relevant working experience;
4.Attended and Passed local Law and Taxation papers (the alternative to this criteria is to possess 2 years of relevant LOCAL working experience);
5.Testimonials from previous and current employers(covering 3 or 5 years working experience up to the date of their application.) ;
6.*Non-practising members need not re-submit their educational certificates and transcripts.
ICPAS Members

Please get a testimonial from an employer with minimum 3 yrs working exp there.

 

[ongwk0]

experience part actually quite easily to fulfil... passing the papers are the tough part omg...

 

[Kenzo88]

thats my thought too but ongwk0 seem to make a valid point based on the info from ACCA. I think we do have to complete the relevant exp. For me is ok because by 2016 I would have worked 5-6yrs pre post exp. I hope the announcement is for completing exam only by 2016. Or else not fair to those who complete in 2013 but not enough time to gain exp.

ya, hopefully. my mood totally affected. like study so hard end up like that...

 

[shopaholic131]

I have DEC 2012 edition:

P2 LSBF Sammi class.Full set available includes clear recordings.
P3 SAA Philip Woo class.Includes clear recordings.

Helping my friend, DEC 2012 edition:

P3 FTMS Marty.Full set available.
F9 LSBF Sammi.Full set available.

**Full set= Full time class notes+text books+Revision set+everything

Interested please email at shopaholic131@gmail.com

 

[ah_cleo]

anyone got ACCA P7 paper SAA Mr Chee Dec 12 Lecture notes? urgently looking for it.. willing to pay.. contact nine125zero21five pls!!

still looking!!

 

[nitokit]

Reclassification to a CPA Singapore

1.Approved as a Associate Member;
2.Attended and Passed 5 days Pre-Admission Course;
3.Possess at least 3 years post qualification or 5 years pre-post qualification relevant working experience;
4.Attended and Passed local Law and Taxation papers (the alternative to this criteria is to possess 2 years of relevant LOCAL working experience);
5.Testimonials from previous and current employers(covering 3 or 5 years working experience up to the date of their application.) ;
6.*Non-practising members need not re-submit their educational certificates and transcripts.
ICPAS Members

Please get a testimonial from an employer with minimum 3 yrs working exp there.

If this is the case, then passing ACCA by 2016 will be enough.

If you are in the ACCA plus route, once you pass ACCA, you can convert your ICPAS membership to become ICPAS associate. Thereafter, it should not matter whether you are an ACCA graduate or not as long as you fulfill the other criteria. No?

 

[rilakkuma06]

hi,

I graduated from SIM-UOL last year and is working now. was wondering if I should continue studying by taking part time ACCA?
but i'm not quite confused between ICPAS PE, SQP and ACCA.
what should i do?

could someone kindly explain to me
thanks in advance!

 

[valariel]

Hi guys, i'm new to this thread and i have some questions which i would like to seek advice to.

Currently i am holding a non-accounting degree from a local university with a few years of working experience in the engineering field. However, i'm currently considering a career change + upgrading myself and doing ACCA part-time is one of my options.

In light of the impending changes that i have been reading about in recent posts, is my option still viable or is it already too late for me to hop on the bandwagon?