Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

So you mean is fine to U-turn now?

Just uturn. It shoulden even be there lol.

Originally Posted by Unregistered

I not so good in using the mouse

Also I also not good in using the short-cut key

Basically, I not pro in copy paste skill

Then audit is not for u. We need ppl with copy and paste skill. After that it is impt u properly align the cell and have consistent front for your text. Make sure you draw that double underline at the end of your computation.

Originally Posted by Unregistered

Then audit is not for u. We need ppl with copy and paste skill. After that it is impt u properly align the cell and have consistent front for your text. Make sure you draw that double underline at the end of your computation.

But I want to stay in audit line cause the money is good mah.

Just need to upskill my copy paste can liao

Originally Posted by Unregistered

But I want to stay in audit line cause the money is good mah.

Just need to upskill my copy paste can liao

Money where got good unless you from across the causeway…

Originally Posted by Unregistered

Then audit is not for u. We need ppl with copy and paste skill. After that it is impt u properly align the cell and have consistent front for your text. Make sure you draw that double underline at the end of your computation.

You from which school sia ? I thought excel skills will be taught in school ?

Originally Posted by Unregistered

You from which school sia ? I thought excel skills will be taught in school ?

Only in “recent” years bah.

As a dinosaur, I can confirm my time never teach excel.

Originally Posted by Unregistered

You from which school sia ? I thought excel skills will be taught in school ?

Dont matter. Any sch in sg can nv be better. We dont have local talent.

Ms Indranee Rajah, Minister in the Prime Minister’s Office, said at the report’s launch event on May 10 that young accountants feel that their starting pay lags behind that of their peers, even as they have to work long hours, especially during the peak season.

“At the end of the day, employees should feel appropriately compensated for the work they put in. Otherwise, the profession will not be able to attract enough young talent, despite good long-term salary and career prospects,” said Ms Indranee.

The 2023 Graduate Employment Survey noted that accountancy graduates from Singapore’s autonomous universities earned a median gross monthly starting salary of $3,800, which was lower than that of their peers from these universities ($4,313).

Accountancy graduates specifically in accounting jobs earned even less – $3,600. While accounting firms have undertaken pay revisions over the years, starting salaries remain a notch below those in other sectors.

Currently, polytechnic accountancy graduates must complete the foundation and professional programmes to earn the qualification, while autonomous university accountancy graduates are required only to do the professional programme. All SCAQ candidates must also fulfil three years of practical experience in an accredited training organisation.

Starting from 2024, polytechnic graduates who have completed the relevant subjects in their polytechnic programme will get an exemption for the Singapore taxation module in the foundation programme, in addition to the principles of financial reporting module from which they are already exempted.

With this exemption, an aspiring chartered accountant will have to take fewer foundation programme examinations and can become certified about six months earlier. The entire SCAQ journey previously took up to four to six years for polytechnic accountancy graduates.

Autonomous accountancy university graduates would take between two and three years after graduation to get the SCAQ qualification, assuming that they had completed part of the required practical experience through internships in university.

The Accounting and Corporate Regulatory Authority (Acra) recently gave greater weight to a graduate’s prior relevant work experience for the three years of practical experience requirement for the SCAQ. This extra consideration could shave up to six months off this requirement….

We should thank the drop in uni enrolment and mass hiring across the causeway, as it has led to recognition/acknowledgement of the problem.

I'm senior manager in my 40s.

I see alot young people resigned.

The mountain of work and backlog keep stacking up.

I really scare I need to go fieldwork do vouching myself.

The Institute of Singapore Chartered Accountants (ISCA) is currently so desperate for Chartered Accountant (CA) members that the Singapore Chartered Accountant Qualification (SCAQ) has become highly flexible, offering exemptions and Accelerated Pathway from years 2020, 2023, and 2024.

Previously, candidates had to pass five CPA exam papers and work full-time under an Accredited Training Organization (ATO) for three years, regardless of whether they were top students at NTU or had First Class Honours.

Between year 2014 and 2023, NTU graduates frequently complained, arguing, "We have already completed courses in tax and financial reporting at NTU; why should we repeat them?"

Is this kind of argument acceptable to ISCA?

Unless the SCAQ exam papers are identical to NTU's exam papers, such exemptions seem questionable.

Moreover, candidates for the CPA exams in the USA and Hong Kong still have to complete their CPA exams after graduation without claiming exemptions based on their university coursework in tax and financial reporting.

By this logic, shouldn't our lawyers also be able to argue against taking the bar exam, saying, "We have already covered these subjects at NUS, why repeat them in the bar exam"?

Does this make sense?

Anyway, here is the timeline for the exemptions:

Effective from September 2020:
Exemption for the Taxation Module, e.g., NTU - Advanced Taxation (BL9305/BL5305)

Effective from January 2023:
Exemption for the Financial Reporting Module, e.g., NTU Financial Reporting (both Risk Reporting and Analysis (AC3102) + Accounting Analysis and Valuation (AC3103))

Effective from April 2024:
Introduction of the Accelerated Pathway Programme sponsored by ISCA, including:
a. SCAQ - Assurance (AS)
b. SCAQ - Business Value, Governance, and Risk (BG)

Essentially, future undergraduates will just need to complete one capstone paper upon starting their professional careers.