Certificate in Accounting, Finance and Business




The ICAEW chartered accountancy qualification, the ACA, is one of the most advanced learning and professional development programmes available. It has integrated components which give you in-depth understanding across accountancy, finance and business. Combined, they help build the technical knowledge, professional skills and practical experience needed to become an ICAEW Chartered Accountant.
Benefits of the ACA qualification

The ACA qualification is one of the most advanced, internationally recognised learning and professional development programmes in account, awarded by the most established Chartered Accounting body worldwide.
ICAEW Chartered Accountants are in high demand as a testament to the high standards of the professional accounting qualification
Qualifying as an ICAEW Chartered Accountant can help advance your career opportunities and allow you to work internationally.
Many ICAEW Chartered Accountants achieve partner or financial director status early in their careers.
Fact: 98% of the Best Global Brands employ ICAEW Chartered Accountants.
Source: ICAEW member data at January 2014, Interbrand Best Global Brands 2013

How the ACA works

To have a successful career as a chartered accountant you need the right mix of knowledge, skills and on-the-job experience. The ACA has four key components that you need to successfully complete in order to become a qualified chartered accountant. Upon successful completion of the Executive Certificate, you will need to progress to the Professional Certificate in Accounting with Singapore Polytechnic and progress to the ACA Advanced Level Modules. It is compulsory to complete practical work experience with an authorised training employer, professional development and ethics and professional scepticism training.

Professional development – ICAEW Chartered Accountants are known for their professionalism and expertise. Professional development prepares you to successfully handle a variety of different situations that you’ll encounter throughout your career.

Ethics and professional scepticism – ethics is integrated throughout the ACA qualification to develop your ethical capabilities, so in a world of scrutiny and accountability you’ll always know how to make the right decisions.

Three to five years practical work experience – you need to complete 450 days practical work experience, or on-the-job training which is done as part of a training agreement 15 accountancy, finance and business modules – each of the ACA modules is directly relevant to the work that you will do on a day-to-day basis. You will gain in-depth knowledge across a broad range of topics, allowing you to confidently progress through the ACA.


The Certificate in Accounting and Business (CFAB) offers the modules of the ACA certificate level provides knowledge and skills that are highly valuable for individuals in any role, in any organisation around the world.

• Embark on the accelerated path to obtaining the ACA, a chartered accountancy qualification from a world leader of the accountancy and finance profession.
• Experience a unique blended learning approach with personalised coaching support that prepares you to pass the professional examinations (with high pass rates).
• Enjoy strong industry endorsement and support.
• Develop strong technical and professional competencies demanded by top accounting firms and multinational companies.

Who Qualifies

You will qualify for this course if you are one of the following aspiring individuals who possess:
• GCE O’ level with credit in English, maths and/or other relevant subject; or
• Relevant Nitec or Higher Nitec from Institute Technical Education (ITE) or
• Other relevant qualification in Accountancy
• Students from LCCI Diploma in Accounting & Finance (Level 4) are exempted from Accounting, Business & Finance & Management Information

Credit for prior learning may be given by ICAEW for applicants with relevant working experiences in the field of Accountancy. For more information, please contact PACE Academy,Singapore Polytechnic via email to [email protected]

About the ACA Certificate Level modules

Mode Modules Syllabus Examples of what’s explained


Accounting • Maintaining Financial records
• Adjustments to accounting records & financial statements
• Preparing financial statements

• Assets and liabilities
• Gross and net profit
• Profit / loss
• Balance sheet
• Cash flow
• Invoicing

Business and Finance

• Business objectives and functions
• Business and organisational structures
• The role of Finance
• The role of the accountancy profession
• Governance, sustainability, corporate responsibility & ethics
• External environment

• Organisational structures, functions and people  management
• Theories of economics, finance and business
• Strategic planning
• Different finance sources available to businesses
• External influences on businesses and their impact on business decisions
• The importance of competition
• and how it affects business decisions

Management Information

• Costing & Pricing
• Budgets & Forecasts
• Performance Management
• Management decision making

• Business costs
• Pricing strategies, considerations and profit margins
• Budgeting
• Measuring business performance against budgets and goals
• Decisions required by a business to function effectively



• Impact of civil law on business and professional services
• Company & Insolvency law
• The impact of criminal law on business & professional services
• The impact of law in the professional context

• Laws applicable to organisations
• Legal requirements to set up a company
• Disputes with suppliers or clients
• Employment law
• Contract law

Principles of Tax

• Objectives and types of tax
• Ethics and administration
• Objectives and types of tax
• Ethics and administration
• Income tax and national Insurance contributions
• Capital gains tax and corporation tax on chargeable gains
• Corporation tax and VAT

• Types of tax that individuals and companies pay
• Tax requirements for individuals and companies
• Implications of not complying with tax requirements


• The concept, process and need for assurance
• Internal Controls
• Gathering evidence for an assurance engagement
• Professional ethics

• What is assurance, why it’s needed and what’s involved
• Types of risk a business might be exposed to

Certification awards

1. Upon completion of the three modules Accounting, Law and Principles of Taxation, Singapore Polytechnic will issue a Certificate in Business and Accounting (CBA).

2. A Certificate in Accounting, Finance and Business (CFAB) will be issued by ICAEW when students complete and pass the six modules offered in this certificate and must pass the e-exam for Accounting.

3. A separate fee of £70.00 (approximately $150) will be collected from students for the e-exam in Accounting.

4. Book prizes will be awarded to students who have successfully passed and completed the course. Award of the book prizes will be at the discretion of ICAEW.

Course details:

This course will be delivered in the following way (with reference to above figure) and awards:

Each module totalling 45hrs will be offered face-to-face with classroom tutorials and coaching support provided by Singapore Polytechnic lecturers.

All examination modules are computer-based assessment and each examination/assessment lasts 1.5 hours and the pass mark is 55%

BPP Professional Education provides:
• a proven approach to exam success based on the three steps of ‘learn – practice – rehearse’
• exam-focused online learning resources and support via BPP’s virtual learning environment
• flexible study options using online classroom and
• increased chances of passing due to unique approach

The course will be available in 2016 and the schedule is as follows:

Modules Start End Fees (w/o GST) Fees (w/GST) Registration



April 2016 August 2016 $370.00 $395.90 Register



$370.00 $395.90 Register


Principles of Taxation

$370.00 $395.90 Register



October 2016 February 2017 $370.00 $395.90 Register


Business & Finance

$370.00 $395.90 Register


Management Information

$370.00 $395.90 Register
Total     $2,220 $2375.40  

Course fee includes registration fee, exemption fee with ICAEW, exam fee, study manual, question bank and course notes.


Application Procedures

1. All applications must be made via Online Registration at www.pace.sp.edu.sg

Course fees can be paid by the following payment modes:

Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
a) For e-payment using Visa/Master cards and Internet Banking, please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed.

b) For NETS payment, you can pay at:

Singapore Polytechnic
PACE Academy
Blk T1A, Level 1
Mon-Fri: 8:30am to 7:30pm

c) For cheque payment:
Please make cheques payable to “Singapore Polytechnic”. Please cross the cheque and write the Registration Reference ID, Applicant Name and NRIC/FIN number on the back of the cheque. Mail the cheque to:

ATTN: Manager
Singapore Polytechnic
PACE Academy
500 Dover Road
Blk T1A, Level 1
Singapore 139651

Please note that an administrative charge of $15 will be imposed for any returned cheques from the bank or financial institution.

Cash (Not Applicable for company sponsored)
d) For cash payment, you can pay at:

Singapore Polytechnic
Finance Department
Admin Building, Level 2
Mon-Fri: 8:30am to 5:00pm

2. All successful applicants will be notified with a letter of confirmation via email.

3. Withdrawal and Deferment

Withdrawal and deferment notice must be made in writing to the Professional & Adult Continuing Education (PACE) Academy via email to [email protected] For withdrawal cases, the portion of course fee to be refunded is based on the date of notice as follows:


  • 2 weeks before the commencement of the course - Full refund
  • Less than 2 weeks before commencement of the course - 70% refund
  • On or after date of commencement - No refund


  • There will be no refund or transfer of course once the account has been created.

The Singapore Polytechnic reserves the right to cancel or postpone any of the courses. Applicants will be duly notified and where applicable, the full fees will be refunded.

The Singapore Polytechnic also reserves the right to amend the fees charged or the period and duration of the courses.

The data provided to Singapore Polytechnic will be kept strictly confidential and will be used for the purpose of course administration. The data may be passed on to the relevant organisations that require the information related to the course.