INDUCTION DAY: ACCOUNTANCY PROGRAMME BRIEFING

12 Jul 2014

What is Accounting?(Source: SAC YouTube Channel)

ACCOUNTANCY –

The Language of Business

Business Organisation

Business Organisation

OwnersOwners

ManagersManagers

EmployeesEmployees

Internal Stakeholders External Stakeholders

ShareholdersShareholders

CreditorsCreditors

SuppliersSuppliers

CustomersCustomers

SocietySociety

GovernmentGovernment

AIS

AIS

Role of Accounting Information - External

Debts

Raising CapitalMortgages

Cash Flows

New Investors

Sales

Costs

Role of Accounting Information - External

….to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors

in making decisions about providing resources to the entity.

FRS Conceptual Framework Chapter 1 para OB2

existing and potential investors lenders and other creditors

Financial Accounting Courses

Financial Accounting

Financial Reporting

Intermediate Financial Reporting

Advanced Financial Reporting

Financial Statement Analysis and Valuation

Role of Accounting Information - External

Tax Courses

Introduction to Income Tax

Taxation of Companies and Partnerships

International Taxation and Tax Planning

AIS

Role of Accounting Information - Internal

Planning

Making Decisions

Control

Managerial Accounting Courses

Managerial Accounting

Accounting for Decision Making and Control

Strategic Management Accounting

The Need for VERIFICATION of Accounting Information…

AIS

Assurance & Control

Assurance and Attestation

Advanced Assurance and Attestation

Level 4XX Courses…

Accounting Theory

Selected Issues in Financial Accounting, Managerial Accounting and Assurance

Other Business Courses…Statistics

Quantitative Methods

Managerial Economics

International Economics

Marketing Management

Managing People

Contract Law and Agency Law

Company Law and Corporate Governance

Financial Instruments, Institutions and Markets

Financial Management

Business Strategy

Work Attachment

During third year of study

At least 24 weeks

Must be with an Accredited Training Organisation (ATO), certified by the Singapore Accountancy Commission

- Currently, we have signed MOUs with 20 ATOs

Specific learning outcomes

- Model closely with the practical experience requirements of the Singapore Qualification Programme

Applied Project

During final year

10 credit units

Research-based project on topics related to accountancy

Report their findings and make recommendations

e-Portfolio

e-Portfolio

In Summary

Questions?

Thank You