Why is taking the SCAQ exam important and how does it benefit your career journey?

Chartered Accountancy is the most sought-after career in Singapore. With booming industries and start-ups in Singapore, Chartered Accountants (CAs) demand is skyrocketing to look after accounting and finance. Although this career option offers countless career opportunities and avenues to choose from, the road to becoming a Chartered Accountant is long. Not everyone is cut out for it as the process requires balance studies with hard work.

Besides this, aspirants have to take the Singapore Chartered Accountant Qualification (SCAQ) to become Chartered Accountants. Moreover, the Singapore CA Qualification examination is administered by the Institute of Singapore Chartered Accountants (ISCA) and developed by the Singapore Accountancy Commission (SAC).

Why is it important to take SCAQ examination?

The Singapore CA Qualification is an internationally recognised Chartered Accountant qualification. The SCAQ comes with a rigorous curriculum that focuses on providing cutting-edge technical skills. The qualification also aims at the holistic development of the matriculants.

Obtaining a professional qualification attracts potential employers as individuals acquire necessary skills that can add value to a company. The CA programme offers specific training to candidates that helps them adapt to any work culture or environment. In addition, the qualification increases salary as you will be more qualified.

How the SCAQ examination benefits your career?

A key advantage of taking the Singapore CA Qualification exam is that you will become a certified Chartered Accountant. As the SCAQ is an internationally recognised qualification, you will be able to work in Australia, New Zealand, Ireland, Scotland, and the United Kingdom through the Reciprocal Agreements with the members of Chartered Accountants Worldwide (CAW).

Furthermore, the qualification opens vast career opportunities for professionals in a variety of industries. The qualification also provides access to a broad range of senior or C-Suite roles within the business, finance, and accounting fields. Above all, certified Chartered Accountants could also explore careers in auditing, financial accounting, and risk management. Individuals can also work in public practice, private sector, or public sector after acquiring a professional qualification. The qualification also equips individuals with opportunities, knowledge, and professionalism.

How should you prepare for the SCAQ?

Managing time effectively is the key to success in the Singapore Chartered Accountant Qualification examination. Therefore, aspirants need to start as early as possible. A few of the top business schools in London help aspirants build a strong academic foundation. Aspirants can also be consistent with their revision after grasping concepts from seasoned tutors.

What are the career prospects after taking the SCAQ exam?

With professional qualifications, individuals can land high-paying jobs in several industries. A few of the prominent job titles are listed below in this blog.

  • Risk Management
  • Chief Financial Officer
  • Chief Executive Officer
  • Corporate Finance
  • Financial Advisory
  • Internal Audit
  • Taxation
  • Business Valuation
  • Assurance and Audit
  • Management Accounting.

Conclusion

If you are aiming to take the Singapore Chartered Accountant Qualification examination, start early. Explore the pre-requisites to apply for the SCAQ and focus on its five modules to ace the exam with flying colours.

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