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Exam Digest – Issue 1

eemeiyi —  August 5, 2016 — Leave a comment

Exams Digest - Sept 2016

As the next exam season gets near, we believe that you must be spending most of your waking hours studying for your papers. It is rigorous and may not be easy, but just remember, no pain no gain!
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Last week, Singapore held its first ever Accountancy Education Symposium; organised by the Singapore Accountancy Commission and supported by ACCA as a Gold Sponsor.

The Symposium saw the gathering of educators and administrators from a large mix of schools, colleges and universities across both public and private sectors.  For us at ACCA this was a very meaningful event as many of our education stakeholders and long-time partners were present.

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To support our students with their progression, we are making our exams more flexible.

As part of this, we offer a number of Foundation Level and all our Knowledge level exams as on-demand Computer Based Exams (CBEs).

These exams provide you greater flexibility to schedule your exams outside of our four exam session weeks and provide you with instant results.

Blog- Withdrawal of paper-based exams

We are withdrawing the paper based exams, currently available as on-demand CBE, in a phased market by market approach.

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To encourage Singapore citizens to extend their learning and upskill themselves, the Singapore government announced in February 2015 the creation of a SkillsFuture Credit for all citizens aged 25 and above.

ACCA Foundation Courses (For Blog)

These citizens will receive an initial credit of $500 (with the Singapore government making further regular top-ups) that will allow them to chart their own learning activities over the course of their lives. The SkillsFuture credits can only be used to offset course fees for education and training.

The SkillsFuture Credit course directory was recently launched on 20 November 2015 and provides a list of skills-based courses which will be eligible for SkillsFuture Credit.

Eligible citizens can now have a closer look at the kinds of skills-based courses to plan ahead for their skills and training development, based on their interests and career aspirations.

What does this mean for individuals exploring a career in accountancy or for employers looking to develop their finance staff?

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Everyone needs an accountant, or so the saying goes. But why would that be?

Accounting’s history can be traced back thousands of years to the cradle of civilisation in Mesopotamia and is said to have developed alongside writing, counting and money. The early Egyptians and Babylonians created auditing systems, while the Romans collated detailed financial information.

A brief history of accounting

Some of the first accountants were employed around 300 BC in Iran, where tokens and bookkeeping scripts were discovered. Around the first millennium the Phoenicians invented an alphabetic system for bookkeeping, while the ancient Egyptians may have even assigned someone the role of comptroller.

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