I had the opportunity to witness the Combined MOU Signing Ceremony with CPA Firms and Financial Institutions for the Accountancy & Financial Services Sector held at Ngee Ann Polytechnic on the 11 Dec 2015. This event was attended by our Acting Minister for Education and Senior Minister of State for the Ministry of Defence, Mr Ong Ye Kung, as well as leading industry firms and representatives from across all tertiary institution.
This signing creates an entirely new and beneficial pathway for all polytechnic accountancy graduates to become a chartered accountant within a shorter time frame. In this pathway, Polytechnic Accountancy Graduates will undergo an 18-month SkillsFuture Earn-and-Learn Programme for Accountancy. Upon completion of this programme, they will be awarded the Advanced Diploma in Accountancy by NP and SAC, which makes them eligible to enroll into the Singapore Qualification Programme (QP) to become chartered accountants of Singapore, without having to obtain degree qualifications.
And in light of SkillsFuture, the signing ceremony saw all five of our polytechnics in Singapore, as well as the ITE, sign a Memorandum of Understanding with 16 accounting firms and financial institutions to provide a more structured internship for our students.
Students can expect clearer learning outcomes and job scopes. Students will also be matched with industry mentors at the workplace to provide advice and guidance on career growth and development opportunities.
Student representatives from the different educational institutions also had the privilege to engage in a quick conversation with our Minister. I was one of the lucky few to engage in the topic of whether employers favour employees who have a degree versus employees who do not have a degree assuming both have already attained the status of chartered accountant. It was fruitful to hear from both Mr Ong as well as employers from the accounting firms who were present.
Looking forward to the new pathways and internships available to us in the future!
Ian Chan (DAC/FT/2B/06)