QUOTE(VanillaScoop @ Feb 8 2012, 06:30 PM)
Hi guys, I have some inquires about ACCA and I'm unsure if this is the right thread to ask.
Anyhow, I heard a diploma is required in order to take ACCA. My question is, if a person graduates from any Singapore Polytechnic with a Diploma in Accounting & Finance, and is unable to secure a position in NTU, Degree in Bachelor of Accountancy, is it advisable to proceed with ACCA instead? Will there be any difference between these two in terms of profession or qualifications upon graduation and when working?
Also, will they teach the very basics of accountancy in the beginning of the 3-year diploma or do we need to have deeper knowledge in the syllabus as taught in our secondary school.
I apologize if I sound ignorant.. I hope any seniors can give me your input and guidance or inform me if I had posted in the incorrect thread. Thank you very much.
No. You only need A-levels to start ACCA. Anything higher than A-levels will provide you with exemptions. A levels will not provide you with any exemptions, so you would have to start from F1 to P7 (14 papers). Diploma would most probably help you to 4 exemptions, ie. you would start from F5 to P7.
However, note that you can just take 6 months to complete these 4 papers compared to Diploma which takes more than 2 years just to get the 4 paper exemption.
But since you are doing through the Diploma route, then the A-levels or CAT route is out of the question.
I would say that having a degree from NTU then completing ACCA and going straight into ACCA with the Diploma in hand both brings you into the same path, but NTU would probably provide a faster path.
ACCA teaches all the basics. No worries about that.
Note that this is only my OPINION. NTU is quite a prestigious university, therefore career paths would most likely be better than an ACCA fresh graduate since wherever you go to (most likely tuition centres, again I would assume you will be studying ACCA at Singapore, and I only know Kaplan, BPP and SAA) does not have such career services provided by NTU.