If you’re considering a career in accounting or finance in Singapore, you’ve likely come across the term SCAQ. It stands for the Singapore Chartered Accountant Qualification (SCAQ), a professional certification that paves the way to becoming a Chartered Accountant (CA) in Singapore. Recognised both locally and globally, the SCAQ is essential for advancing in the accounting field.
Accounting and finance remain among the top job roles in Singapore, as highlighted by the Ministry of Manpower, making this qualification even more valuable.
What is the Singapore CA Qualification (SCAQ)?
The SCAQ is developed by the Singapore Accountancy Commission (SAC) and is a key programme for those aspiring to become Chartered Accountants. It combines rigorous coursework and practical experience to prepare you for the technical and professional demands of the field. Completing this qualification leads to membership with the Institute of Singapore Chartered Accountants (ISCA), enhancing your credibility in the industry.
Why Pursue the SCAQ?
The SCAQ opens doors to a range of career opportunities. It’s globally recognised, which allows you to work in countries without needing additional qualifications—an advantage for anyone looking to grow beyond Singapore.
The programme blends theory with practical skills, making sure you’re prepared for the competitive finance and accounting industry. By completing the SCAQ, you position yourself as a well-rounded professional who can thrive in various industries, including corporate finance and public accounting.
Who is Eligible for SCAQ?
SCAQ is ideal for those with a degree in accounting or related fields. However, graduates from other disciplines can also apply if they want to switch to accounting. If you’re already in the industry and looking to formalise your qualifications, the SCAQ offers a career boost.
Employers highly value SCAQ-certified professionals for their technical skills, critical thinking, and ethical judgment. These attributes make you a strong candidate in today’s competitive job market.
The SCAQ Pathway
SCAQ consists of three parts: foundation, professional, and practical experience. The foundation modules cover the basics, like Financial Reporting and Management, Assurance, and Accounting. After that, the professional modules dive deeper into areas like advanced Taxation, Audit, Business Value, Governance & Risk, Integrative Business Solutions, advanced Financial Reporting and Assurance.
The practical experience component requires you to complete three years of relevant work under an Approved Employer. This ensures that, alongside theoretical knowledge, you gain real-world skills.
Benefits of Completing SCAQ
- Global Recognition: The Chartered Accountant title is respected internationally, giving you the chance to work in major financial hubs such as such as Australia, New Zealand, Ireland, Scotland, and the United Kingdom.
- Career Flexibility: With SCAQ, you can explore roles beyond traditional accounting, including senior management and consulting.
- Professional Network: Becoming a Chartered Accountant connects you to a broad network of industry professionals.
- Higher Earning Potential: SCAQ-qualified professionals typically earn more than their non-qualified counterparts, boosting your resume and salary prospects.
The Singapore CA Qualification is a structured path to becoming a Chartered Accountant. Whether you’re a graduate, a working professional, or someone seeking a career switch, SCAQ equips you with both theoretical knowledge and practical experience. It positions you for long-term success in Singapore’s accounting industry and beyond.
Enroll in the Singapore CA qualification today and take your first step towards becoming a chartered accountant!
