Well, it depends which category you belong to.
Luckly degree holders
For local public universities degree holders, lady luck has been shining on you, as you can go straight to the QP professional programme, as explained above.
Otherwise, you would have to take an additional foundation program which comprises the 6 modules.
Each course culminates in an exam held twice yearly. It is a 3-hours closed book paper with 4 questions. According to Singapore QP, successful completion of all six modules in the Foundation Programme is achievable within 12 months. After that, you are ready to embark on the professional programme!
How about ACCA grads?
As for ACCA students, it is unclear if they are required to take foundation program in order to be a chartered accountant. A check with ISCA (Institute of Singapore Chartered Accountants) reveals that discussions are still ongoing and the verdict is not out yet.
Are ACCA students screwed?
Of course not! If you examine the curriculum closely, QP and ACCA are not very different. SQP is Singapore’s brainchild while ACCA is an international recognition in accounting. It only makes sense that the development of its own curriculum draws reference on global standards in Singapore’s bid to be a global accountancy hub. In terms of knowledge, ACCA students will definitely not lose out to the rest.
