As of July 2018, Paul Wan & Co. is an approved training employer for the Institute of Chartered Accountants England and Wales (ICAEW) Associate Chartered Accountant (ACA) Programme. As part of our training scheme, employees may choose the ACA route as part of their post-graduate qualification.
The ICAEW Chartered Accountant qualification, the ACA, is regarded as the highest and most prestigious qualification that provides you with a deeper understanding of the world of accounting, finance and business. This prestigious course will be led by our very own Mr Paul Wan FCA (England and Wales), with over 33 years experience practicing as a chartered accountant of ICAEW and ISCA Singapore.
Upon completion, qualified accountants can expect a broader scope, unparalleled opportunities in the business world.
Unlike ACCA, the ACA is a work/study qualification scheme. Students are expected to study for their exams alongside their professional work. This ensures that ACA students get the most exposure by applying what they have learnt in the classroom at their workplace.
Reciprocal Membership Agreement
ISCA has signed Reciprocal Membership Agreements (RMA) with the following professional accountancy bodies:
- Chartered Accountants Ireland
- The Institute of Chartered Accountants in England and Wales (ICAEW)
- The Institute of Chartered Accountants of Scotland (ICAS)
Who is Eligible
Under the RMA, full members of the ICAEW, who are in good standing, may apply to become CA (Singapore) if their membership is obtained through completion of the normal education and training route.
With our portfolio of clients which include listed companies, foreign companies and multi-national corporations, we believe that the level of exposure we pass on to our ACA trainees would be challenging, but rewarding. Our partners are ready to pass on their deep knowledge of the industries, in markets both locally and internationally, with a wide experience to service clients.
We are very pleased and honoured that we are one the the ‘elite firms’ in Singapore to be recognised by the ICAEW as an Approved Training Employer.
How it works
An overview of all the information you will need to successfully complete the ACA:
The firm will sponsor the full cost* of your study course, as well as examination fees, or fees for credit for prior learning (CPL).
*Terms and conditions subject to the student’s ability to pass the examination. Please enquire for more.
You will be expected to complete 6 modules. The modules can be taken in any order. You must pass every exam (or receive credit for prior learning) – there are no options. This ensures that once qualified, all ICAEW Chartered Accountants have a consistent level of knowledge, skills and experience.
Each Certificate Level module is assessed by a 1.5 hour computer-based exam, and can be sat throughout the year at an ICAEW-approved test centre. The pass mark for each exam is 55%.
You may be eligible to apply for credit for prior learning towards some of the Certificate Level modules if you have studied accounting, finance, law or business at degree level or through another professional qualification.
For more information, visit the ICAEW ACA website here.
The ‘Business Planning: Taxation’ and ‘Business Strategy’ modules are more advanced and link to the Advanced Level of the ACA qualification.
- 2.5-3 hour paper exam.
- Flexible to fit around your training agreement.
- Can be taken in one of four sittings each year. This is a worldwide exam. In Singapore, this exam is conducted in Singapore Polytechnic.
For more information, visit the ICAEW website here.
The Corporate Reporting and Strategic Business Management modules have been designed to test your understanding and strategic decision making at a senior level.
You will be presented with complex real-life scenarios, which expand on the Professional Level modules.
The Case Study presents a complex business issue which encourages you to problem solve, identify the ethical implications and provide an effective solution.
It must be completed last, and is aimed to test all of the knowledge gained throughout your studies training.
For more information, you may visit the ICAEW website here.
Practical work experience is one of the four key elements of the ACA qualification, which you must complete to qualify as an ICAEW Chartered Accountant. Working with an employer enables ACA students to put what you are learning into practice. Here you will develop vital skills for your future career and earn a highly competitive salary at the same time.
- 450 days of work experience which take between three and five years.
- You must complete this work experience with an ICAEW authorised training employer (ATE) or authorised training principal (ATP) such as Paul Wan & Co.
- Working in one or more of the relevant disciplines: Accounting, Audit and Assurance, Tax, Financial Management, Insolvency or Information Technology. At Paul Wan & Co., we will allocate your work discipline to reflect your learning progression.
For more information, please refer to the ICAEW website here.