What are the different stages a student has to get through while pursuing an accounts and finance course?
Accounts and Finance Course provides tremendous scope for aspirants to make a bright career in the field of accounts and finance. Ideally, an accounts and finance course can be pursued in a couple of ways, one of which is by pursuing chartered accountancy while the other is by getting a post-graduate degree diploma or degree in business finance. The motive of doing full-fledged accounting courses in Singapore is to acquire comprehensive knowledge in the field of accounting. Accounting Courses do enrich accounting aspirants with in-depth knowledge and insights that help them apply the accounting aspects in a practical way when they get associated with the industry in the capacity of a professional accountant.
Accounting courses in Singapore are designed in a way so as to provide aspirants with requisite information on multiple aspects of accounting along with sufficient practical exposure in order to make them prepared for accepting challenging roles in the arena of commercial accounting. Generally speaking, accounts and finance course is segregated into different stages that have to be undergone by students sequentially. Once a student gets through a given stage, he is promoted to the succeeding level. To understand more, let us delve deeper into understanding different stages of Accounting Courses, after completing which, an aspirant can earn full-fledged qualification in the field of accounting.
Foundation Stage:- For any aspirant, the ideal way of getting into the learning curriculum of accounting courses is by getting registered with the autonomous institution responsible for imparting knowledge on accountancy. After registration, the student gets to appear in the foundation exam after he has done requisite studies on various subjects of the foundation stage. The objective of the foundation exam is to test the student on their aptitude and understanding of accountancy. As getting through the foundation stage is of a qualifying nature when the candidate secures the required minimum scores, he is declared a successful candidate and is therefore promoted to the next professional level.
Professional Stage:- After clearing the foundation stage, the candidates are required to furnish certain documents along with mandatory fees for getting themselves registered for the professional stage. This stage is considered very tough and time-consuming as professional-level knowledge is imparted to the aspirants by providing them with study materials and modules on different subjects such as advanced accountancy, direct and indirect taxation, audit, and company law. In this stage, the student is expected to grasp every key concept and apply the same while doing case studies and practical questions. The toughness of this very stage can be felt from the fact that the average score of all students taken together remains close to the minimum passing marks and students seldom score above sixty percent. Once all the subjects have been covered, the student has to appear for the exams, clearing which his studies about the accounting course gets accomplished.
Practical Training:- Another important aspect of the accounting course is that the students are required to undergo practical training for a few years. This training is incorporated in the curriculum to accustom the aspirants to the practical aspects of financial reporting, audit, and taxation. The system of practical training provides the aspirants with scope for brushing up their accounting skills and learning contemporary practices as expected by the industry from an accounting professional.
Altogether, we get to see different aspects of pursuing accounting courses in Singapore. The above aspects aim at throwing enough light on the accounting course in order to guide new students on how to pursue a full-fledged accounting course and the information they must be aware of in order to cruise ahead while they decide on pursuing the accounting course.