What is the future of ACCA in Singapore?
The Association of Certified Chartered Accountants is a globally recognized accounting body that can open the financial management domain anywhere in the world including Singapore. Pursuing ACCA in Singapore especially makes sense since the country is an international hub of trading and financial activities.
Singapore is also home to regional or national offices of some of the biggest MNCs in the world and attracts finance aspirants from different countries. Obtaining an ACCA qualification can give you a vast scope of accounting and finance careers in the country.
Read ahead to learn more about the kind of career prospects in Singapore that you can expect from an ACCA qualification.
What kind of job roles can I get in Singapore after ACCA?
An ACCA certification can make you eligible for all kinds of accounting or financial management roles. Here are a few noteworthy examples of the kind of careers after ACCA certification.
- Financial Controller: A financial controller in a public or a private organization ensures that all financial accounts and transactions of the company are accounted for. In smaller firms, financial controllers also take charge of cash management, cash disbursing and payroll management. The job of budget planning and financial forecasting can also fall under your purview as a financial controller.
- Management Accountant: Management accountants crunch up financial data and prepare reports that help the company’s management to invest money in the right avenues. Management accountants also help their companies in financial risk management, budget planning, financial strategy making and business decision-making.
- Financial Accountant: Financial accountants are the basis of the economic stability of an organization. They collect and provide relevant financial information to different teams and help them prepare goals or pitch projects in tandem with the company budget. They also prepare cost reports for raw materials and labor as well as accounting reports for the company’s assets and liabilities.
- Corporate Treasurer: A corporate treasurer takes care of the company’s financial activities pertaining to corporate liquidity, market investments, and pension funds. They ensure that the company’s financial status is robust by facilitating adequate cash flow and profitable projects. They also look after other cash-inflow issues like company refinancing.
- Finance Manager: The primary responsibilities of a finance manager include raising money (financing), spending money (investing) and proper utilization of the money (financial planning). They devise different strategies and policies to maximize the company’s market value and propose long-term plans for the financial betterment of the company.
Apart from these roles, you can pursue jobs like a forensic accountant, taxation strategist, tax specialist, or chief financial officer.
The sky is the limit after you are done with your ACCA certification in Singapore. If none of the above-mentioned jobs appeals to you, you can pursue other financial management jobs in Singapore.
An ACCA preparatory program can help you pass your ACCA papers on your first attempt. You should check out appropriate ACCA preparatory courses which can help with your ACCA preparation.