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19-12-2013, 12:54 PM
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Senior Member
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Join Date: Jan 2012
Posts: 76
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Accounting outlook
What are the prospects and outlook for accounting sector in the next few years?
Thanks
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19-12-2013, 04:54 PM
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Quote:
Originally Posted by SG_User
What are the prospects and outlook for accounting sector in the next few years?
Thanks
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Accounting will always be in demand. However, the competition for jobs is getting stiffer and stiffer. Private degree holders who major in accountancy number in the thousands, the numbers equal or even exceed local uni grads themselves. Not to mention that the upcoming CA sg rulings will allow ANY degree holder to become a chartered accountant. Competition for limited jobs is just gonna get tougher. Accountancy field is also relatively easy to 'jump' into. I have a few engineering friends who take up ACCA on the side as well. As long as you have math, accountancy is a breeze.
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19-12-2013, 09:16 PM
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Banned
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Join Date: Mar 2011
Posts: 204
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With SIT and UniSIM both going to offer new accounting degrees, I worry there will be a glut of accountants.
Nevertheless, it is still a better choice than banking & finance degrees.
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20-12-2013, 03:41 AM
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Verified Member
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Join Date: Dec 2013
Posts: 10
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Hi fren,
An interview with Uantchern Loh, Chief Executive of the new statutory body Singapore Accountancy Commission (SAC). Have quoted some parts for your consideration.
Should You Be a Chartered Accountant of Singapore? | CFO innovation ASIA
Would an accountant in the Philippines, in Malaysia, in Indonesia and other countries, will they be eligible to become a Chartered Accountant of Singapore?
Accountancy is color-blind, so irrespective of nationality . . . I was at the SAC Productivity Council meeting that’s chaired by Paul Lee, who is a managing partner at RSM Chio Lim, and one of the things that we want to promote is getting the people from the region to come to Singapore to do the Singapore QP.
I am just wondering if accounting is going the path of IT sector (Dominated by FTs not only from India, but Philippines & Malaysia as well. Would they practice in Sg or go back to their own country once they have gotten the SQP?) Is accountancy degree from NUS/ NTU/ SMU still of any value?
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20-12-2013, 03:49 PM
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Senior Member
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Join Date: Jan 2012
Posts: 76
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Seems that demand is great but the supply is also great.
Will there be an oversupply of accountants in the future ?
Also, would it be better now to take up an Accounting degree or just any Business degree will do, if one wishes to be an accountant in the future.
thanks !
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20-12-2013, 10:19 PM
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I'm considering taking SQP after graduating from uni. However, I have this feeling that the title "chartered accountant" may become the next MBA. An MBA has become so common that its value has diminished
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20-12-2013, 10:21 PM
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Quote:
Originally Posted by warning
With SIT and UniSIM both going to offer new accounting degrees, I worry there will be a glut of accountants.
Nevertheless, it is still a better choice than banking & finance degrees.
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hi, care to elaborate on this? Thanks!
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22-12-2013, 10:10 PM
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Banned
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Join Date: Mar 2011
Posts: 204
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Quote:
Originally Posted by SG_User
I am interested. How come accountancy degree over banking & finance ?
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waaaay over-supply of b&f grads.
especially those doing distance learning programs.
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