ACCA Students.

[GunzerX]

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?

For yr case, best bet is wait for SQP to accept non acct degree holder from local uni to take SQP. Even if u take ACCA now, it is uncertain whether ACCA will be part of eligible entry to SQP.

Right now, try to switch to acct related jobs to gain 3 yrs exp. And then wait for SQP start from academic level. I heard SQP is open book....test more on analytical skill.

 

[GunzerX]

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?

I hope so too.

I think is rather unfair for those who pay for ICPAS plus and will complete acca by june 2016 but later to found out that they are not being able to catch the last CPA chance by 2016 due to lack of working experience. Thus, their membership cannot be grandfather to CA designation. Meaning left abandon same ship as ACCA route member.

 

[Kenzo88]

I hope so too.

I think is rather unfair for those who pay for ICPAS plus and will complete acca by june 2016 but later to found out that they are not being able to catch the last CPA chance by 2016 due to lack of working experience. Thus, their membership cannot be grandfather to CA designation. Meaning left abandon same ship as ACCA route member.

I have just called both ICPAS and the membership department. Extremely rude service I would said for them.

Both claimed they knew nothing about the SQP or the transition requirements. But one thing they knew for sure, whatever the SQP instructs, it will supersedes theirs too. So if SQP requires us to complete ACCA and 3 years experience by Dec 16 which a number of us can't, even the ICPAS plus route we are in, is futile. They will only know by June 13 when it is finalised.

Lastly, now they claimed the ICPAS plus route is to provide us assistance to become a CPA by giving us workshops, newsletter. It doesn't do anything else beyond these. I don't feel my payment for their membership is justified suddenly.

Feeling kinda passed after talking to them.

 

[mochi8]

May I know if p5 can be self studied? p4 and p5 which one is harder? thanks

 

[ongwk0]

Hard truth, i think the SAC thinks ACCA is a joke. Other non-accounting degree can easily jump ship while we are doing something thats core to the program yet cannot join. they say min. degree. so i ask abt OBU, then i get this.
Seriously man. please read from bottoms up. In order not to confuse anyone, i'll summarise it : you can join SQP with a recognised degree. OBU not recognised so cannot join.

Dear x

Yes, the degrees by ACCA-Oxford Brookes University are not recognised for purposes of signing up for Singapore QP.

Best Regards,Singapore QP team

Hi, When you mentioned not accredited, are you saying there will not be> exemptions or I simply won't be able to join the program?>>

Dear XX,
Thank you for your email. The accounting degree offered by ACCA-Oxford Brookes University is currently not accredited by the Singapore Accountancy Commission (SAC). Best Regards, Singapore QP team

Hi, I would like to clarify if whether having Oxford Brookes University(OBU)> Applied accounting degree obtain as part of ACCA program would allow me to sign up for SQP?
Regards

 

[acctacct]

Hard truth, i think the SAC thinks ACCA is a joke. Other non-accounting degree can easily jump ship while we are doing something thats core to the program yet cannot join. they say min. degree. so i ask abt OBU, then i get this.
Seriously man. please read from bottoms up. In order not to confuse anyone, i'll summarise it : you can join SQP with a recognised degree. OBU not recognised so cannot join.

Dear x

Yes, the degrees by ACCA-Oxford Brookes University are not recognised for purposes of signing up for Singapore QP.

Best Regards,Singapore QP team

Hi, When you mentioned not accredited, are you saying there will not be> exemptions or I simply won't be able to join the program?>>

Dear XX,
Thank you for your email. The accounting degree offered by ACCA-Oxford Brookes University is currently not accredited by the Singapore Accountancy Commission (SAC). Best Regards, Singapore QP team

Hi, I would like to clarify if whether having Oxford Brookes University(OBU)> Applied accounting degree obtain as part of ACCA program would allow me to sign up for SQP?
Regards

IMO, acca is definitely recognised by sac. But u need to get a recognised top-up degree(eg. Plymoth university, it is a one year degree). It is provided by saa global education, the training arm of icpas. After that, u can advance to sqp.

It also mean u need to * waste*more money.

 

[Kenzo88]

IMO, acca is definitely recognised by sac. But u need to get a recognised top-up degree(eg. Plymoth university, it is a one year degree). It is provided by saa global education, the training arm of icpas. After that, u can advance to sqp.

It also mean u need to * waste*more money.

And also waste 1 more year.. Haiz..

 

[acctacct]

And also waste 1 more year.. Haiz..

Study unisim better. Cheapest and revognised by gov.

 

[ongwk0]

IMO, acca is definitely recognised by sac. But u need to get a recognised top-up degree(eg. Plymoth university, it is a one year degree). It is provided by saa global education, the training arm of icpas. After that, u can advance to sqp.

It also mean u need to * waste*more money.

hmm should i forfeit acca now... 2 more paper to finish foundation. i have accty dip so can jump str8 to plymouth.. hmm

 

[Kyoji83]

If I am you, I will do that.

hmm should i forfeit acca now... 2 more paper to finish foundation. i have accty dip so can jump str8 to plymouth.. hmm

 

[acctacct]

hmm should i forfeit acca now... 2 more paper to finish foundation. i have accty dip so can jump str8 to plymouth.. hmm

You shld wait for the news release from the sac abt the acca entry to sqp.

Dont waste money.
Just make sure u complete all yr acca paper within 2year. Hope that u can can clear the last 3paper(toughest) smoothly.
Acca is still highly regarded by employers

 

[Kenzo88]

You shld wait for the news release from the sac abt the acca entry to sqp.

Dont waste money.
Just make sure u complete all yr acca paper within 2year. Hope that u can can clear the last 3paper(toughest) smoothly.
Acca is still highly regarded by employers

Agreed, acca is internationally recognised... In case next time want to migrate, it's still not so bad. Just hope for the best for June 13...

 

[GunzerX]

I have just called both ICPAS and the membership department. Extremely rude service I would said for them.

Both claimed they knew nothing about the SQP or the transition requirements. But one thing they knew for sure, whatever the SQP instructs, it will supersedes theirs too. So if SQP requires us to complete ACCA and 3 years experience by Dec 16 which a number of us can't, even the ICPAS plus route we are in, is futile. They will only know by June 13 when it is finalised.

Lastly, now they claimed the ICPAS plus route is to provide us assistance to become a CPA by giving us workshops, newsletter. It doesn't do anything else beyond these. I don't feel my payment for their membership is justified suddenly.

Feeling kinda passed after talking to them.

I think they cant explain to u yet as this is considered unofficial. But is till advisable to stick to ICPAS Plus route until june 13 to see how this will benefit us?

Let say worst scenario ACCA and ICPAS didnt agree on anything abt the QP. It will impact those who opt out of ICPAS plus route. One thing for sure I knw is the $100 is to make sure we still have a chance to become ICPAS member. But the main question is whether we have to clock experience plus exam by Dec 2016. this one is the most impt qns that most of us are still speculating until june 2013 announcement.

 

[Kenzo88]

I think they cant explain to u yet as this is considered unofficial. But is till advisable to stick to ICPAS Plus route until june 13 to see how this will benefit us?

Let say worst scenario ACCA and ICPAS didnt agree on anything abt the QP. It will impact those who opt out of ICPAS plus route. One thing for sure I knw is the $100 is to make sure we still have a chance to become ICPAS member. But the main question is whether we have to clock experience plus exam by Dec 2016. this one is the most impt qns that most of us are still speculating until june 2013 announcement.

yup, I'm left with 3 papers. I'm taking 2 this term, now I'm thinking of taking all 3 so at least by Aug results out hopefully can graduate and start clocking my 3 yrs experience to meet the deadline.

 

[Kyoji83]

1) Even if ongwk0 pass his ACCA within 2 years, do he have the 3 years experiences to get CPA Sg to become grandfather of CA Sg?

2) If ACCA cannot get CA Sg in future, I think the market value will drop & no longer highly regarded by employers in Sg.

3) Yes, ACCA is internationally recognized that can be used for migrate NEXT TIME but NOW & CURRENTLY you are still working in Sg.

4) Will it be better to use CA Sg to get all the benefits to be 'auto' member of other countries accounting professional bodies then to used ACCA to slowly collect each membership of other countries accounting professional bodies by going for their paper such as law & etc?

5) I agree that we should all wait for the news release from the sac before taking our next action.

Agreed, acca is internationally recognised... In case next time want to migrate, it's still not so bad. Just hope for the best for June 13...

You shld wait for the news release from the sac abt the acca entry to sqp.

Dont waste money.
Just make sure u complete all yr acca paper within 2year. Hope that u can can clear the last 3paper(toughest) smoothly.
Acca is still highly regarded by employers

 

[ongwk0]

1) Even if ongwk0 pass his ACCA within 2 years, do he have the 3 years experiences to get CPA Sg to become grandfather of CA Sg?

2) If ACCA cannot get CA Sg in future, I think the market value will drop & no longer highly regarded by employers in Sg.

3) Yes, ACCA is internationally recognized that can be used for migrate NEXT TIME but NOW & CURRENTLY you are still working in Sg.

4) Will it be better to use CA Sg to get all the benefits to be 'auto' member of other countries accounting professional bodies then to used ACCA to slowly collect each membership of other countries accounting professional bodies by going for their paper such as law & etc?

5) I agree that we should all wait for the news release from the sac before taking our next action.

Sad to say, im running a marathon with ACCA so I have no issue with experience as i am in audit all these time. I do not intend to work overseas. U can say ACCA is highly recognised but truth is, we are just looking at obtaining the end product, which is CPA/CA. once we get there , the rest is up to experience and urself. So im thinking whether to go for the quickest way out .. = =

 

[Kenzo88]

4) Will it be better to use CA Sg to get all the benefits to be 'auto' member of other countries accounting professional bodies then to used ACCA to slowly collect each membership of other countries accounting professional bodies by going for their paper such as law & etc?

I have copied paste the conversation btwn one forumer with SQP as below. I think even we are able to convert CPA to CA, it's just in name and no substance. So we will not be entitled to all the benefits of CA.


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.

 

[acctacct]

Sad to say, im running a marathon with ACCA so I have no issue with experience as i am in audit all these time. I do not intend to work overseas. U can say ACCA is highly recognised but truth is, we are just looking at obtaining the end product, which is CPA/CA. once we get there , the rest is up to experience and urself. So im thinking whether to go for the quickest way out .. = =

If time allows and u have no financial constraint, study acca n top up degree together.

 

[Kyoji83]

Jiayou & all the best for you =)

Sad to say, im running a marathon with ACCA so I have no issue with experience as i am in audit all these time. I do not intend to work overseas. U can say ACCA is highly recognised but truth is, we are just looking at obtaining the end product, which is CPA/CA. once we get there , the rest is up to experience and urself. So im thinking whether to go for the quickest way out .. = =

 

[nitokit]

Lastly, now they claimed the ICPAS plus route is to provide us assistance to become a CPA by giving us workshops, newsletter. It doesn't do anything else beyond these. I don't feel my payment for their membership is justified suddenly.

Feeling kinda passed after talking to them.

WTF?!?!?!

Now I'm pissed. Do they seriously think their one page newsletter is worth $100?!?!

And do they seriously think any students will attend their workshops, which is targeted at professionals who needs to clock hours?!?!?!