Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

What’s your gpa? 3.5?

nope im ex big 4. laughing at you clowns trying hard to get in.

You all take bonus and find prostitute celebrate chinese new yeae

Originally Posted by Unregistered

My schoolmates also mentioned that SCAQ is overrated. Basically, it is a repeat of what we learnt in the University. Quite a number of them did not wish to pursue SCAQ in the future despite staying in the accounting industry. The demand to pursue SCAQ has dropped and therefore they are providing some exemptions now. However, the exemptions are still not attractive because it is like 1 to 2 exemptions only.

>> One constant feedback has been the overlap between the university syllabus and the SCAQ syllabus. It is perceived that students are made to repeat their university studies during the SCAQ.

Your feedback has been heard.. ISCA will initiate a review of syllabus and proficiency outcomes of local accountancy degrees for possible additional exemptions, especially for contents which are duplicated.

Hope you feel proud.. that feedback is leading to REAL change.

Originally Posted by Unregistered

Furthermore, it's troublesome that there is a need to study for SCAQ to get a professional cert as well. The paper is also so expensive, $1.4k for a paper, I just thinking where does all the excess/ profit go to? Can't be they pay $1k to the marker for each paper they marked right? So with all these reasons, who would want to have a career in accountancy for the long term?

Hi your feedback has also been heard and will be addressed.

The total cost to complete the SCAQ is higher than most other professional qualifications
available in Singapore. The exam fees of each foundation module of the SCAQ costs $535,
and each professional module costs $1,391.

A review of the charging model of the SCAQ needs to be performed. On top of the pricing of the exam fees, there should also be consideration over the amount of support that is provided to the candidates. The main factors for this recommendation are:
1. Enhance the support provided to candidates to reduce the cost to candidates
2. Introduce a lower re-sit fee for candidates who fail their first exam attempt
3. Ensure that SCAQ programme fees are affordable

Originally Posted by Unregistered

Correct.

It’s basically a group project, and if anyone doesn’t play their role, everyone will fail (die) together.

But some people have more to lose than others. I can just SU the module while my team mate die die needs an A hahahaha.

Problem is audit manager in 30s just has a young kid and want to work from home

So they really need those singles associates to work really hard

But the other problem is all these singles associates can quit anytime they like it because they living with their parents, no need pay any rental, their parents still young and can earn their keep

End up the audit manager need to take BS from partner, need to take BS from client, need to take BS from lowest junior associate BS

Unless audit manager fed up with all these BS and give up one good middle finger to his partner and associates

Actually during off peak season, audit managers and seniors manager find it very very difficult to clock review hours...

Bascially they go nothing much to do but the partners will kpkb want time to be justify

Originally Posted by Unregistered

Hi your feedback has also been heard and will be addressed.

The total cost to complete the SCAQ is higher than most other professional qualifications
available in Singapore. The exam fees of each foundation module of the SCAQ costs $535,
and each professional module costs $1,391.

A review of the charging model of the SCAQ needs to be performed. On top of the pricing of the exam fees, there should also be consideration over the amount of support that is provided to the candidates. The main factors for this recommendation are:
1. Enhance the support provided to candidates to reduce the cost to candidates
2. Introduce a lower re-sit fee for candidates who fail their first exam attempt
3. Ensure that SCAQ programme fees are affordable

The main issue of accounting industry is not really on the SCAQ. But rather the high workload, low pay environment, with full of msians (low barrier of entry). The exemptions and discounted SCAQ fees will not attract ppl into the industry.

The real thing that attracts is the present value of future potential earnings from accountancy industry. Meaning, to value one’s career in monetary terms into present value like how u value a company.

An average performer would be a senior accountant or finance manager by early 40s, this can easily draw a pay of 7k to 8k. But currently most fresh grads are getting 6k in MAPs especially banks. This just makes accountancy duller.

Accountancy has reached an end. However, the authorities are trying to push internal audit, business analytics, sustainability as an accountancy career route.

They have failed to see that these are cost centres and companies are unwilling to match the pay of 6k to these areas.

Since pay isnt increasing as fast as banks or other industry, we do lesser work.
Hence audit failures are more common these days. Thats because they took shortcut in audits.

Its a give and take. Supply and demand.
Higher pay would attract quality employees.

For msians, they are hardworking because their monies are multiplied by 3.5.
Likewise, if the starting pay for accounting is multiplied by 3.5 for singaporeans, who wouldnt do it?

Originally Posted by Unregistered

You all take bonus and find prostitute celebrate chinese new yeae

how you know?

You call prostitute before ah?

Originally Posted by Unregistered

>> One constant feedback has been the overlap between the university syllabus and the SCAQ syllabus. It is perceived that students are made to repeat their university studies during the SCAQ.

Your feedback has been heard.. ISCA will initiate a review of syllabus and proficiency outcomes of local accountancy degrees for possible additional exemptions, especially for contents which are duplicated.

Hope you feel proud.. that feedback is leading to REAL change.

No one cares about your SCAQ anymore.
U can be prepared to close down your company
No need to try and farm the locals anymore
Watching you all desperately try to save your horrible planning makes me laugh

you should open SCAQ in malaysia LOL

Originally Posted by Unregistered

The main issue of accounting industry is not really on the SCAQ. But rather the high workload, low pay environment, with full of msians (low barrier of entry). The exemptions and discounted SCAQ fees will not attract ppl into the industry.

The real thing that attracts is the present value of future potential earnings from accountancy industry. Meaning, to value one’s career in monetary terms into present value like how u value a company.

An average performer would be a senior accountant or finance manager by early 40s, this can easily draw a pay of 7k to 8k. But currently most fresh grads are getting 6k in MAPs especially banks. This just makes accountancy duller.

Accountancy has reached an end. However, the authorities are trying to push internal audit, business analytics, sustainability as an accountancy career route.

They have failed to see that these are cost centres and companies are unwilling to match the pay of 6k to these areas.

Since pay isnt increasing as fast as banks or other industry, we do lesser work.
Hence audit failures are more common these days. Thats because they took shortcut in audits.

Its a give and take. Supply and demand.
Higher pay would attract quality employees.

For msians, they are hardworking because their monies are multiplied by 3.5.
Likewise, if the starting pay for accounting is multiplied by 3.5 for singaporeans, who wouldnt do it?

only hard truth here
the industry is in such a state is because of the high supply of malaysians leading to low balled salary
the industry and malaysians destroyed it