Academic Base – Candidates must meet the requirements of the Academic Base before they are allowed to enrol in the Singapore CA Qualification.  The requirements of the Academic Base are an accredited accountancy degree, or a degree recognised by the SAC and supplemented by completion of an accredited Singapore CA Qualification (Foundation).

Accreditation – The process of certifying whether an Education Provider or employer demonstrates the standards required to deliver the Singapore CA Qualification.

Accredited Learning Organisation (ALO) - An education provider that has been accredited by the SAC to possess the appropriate standards to deliver tuition and learning materials for the Singapore CA Qualification.

Accredited Training Organisation (ATO) – An employer that has been certified by the SAC to possess the appropriate standards of staff training, accountancy resources and development for Singapore CA Qualification Candidates to fulfil their Practical Experience.

Approved Mentor – A qualified accounting professional employed by the ATO who is recognised by the SAC to supervise Singapore CA Qualification Candidates while they gain their Practical Experience.

Assessment – Activities used to help Singapore CA Qualification Candidates learn and to gauge their progress.  These include examinations, coursework, groupwork, etc.

Candidate – A graduate participating in the Singapore CA Qualification while fulfilling the Practical Experience component.

CDAS Final Report The final report submitted by the Committee to Develop the Accountancy Sector to the Minister for Finance in April 2010.  The Ministry of Finance announced its acceptance of all 10 key recommendations set out in the Committee’s final report in May 2010.

Committee to Develop the Accountancy Sector (CDAS) – The Committee appointed by the Minister for Finance to undertake a comprehensive review of the Singapore accountancy sector and profession in December 2008. 

Competence – Being able to perform a work role to a defined standard, with reference to working environments.

Direct Entry Degree – A degree of at least bachelors' standard that has been quality assured by the SAC as meeting the requirements of the Academic Base.

Education Provider – This is a university or Private Education Institution.

EmployerAn organisation that seeks to hire Candidates to undertake the Singapore CA Qualification.

Exemption – The process of recognising proven prior learning allowing individuals to complete the Singapore CA Qualification (Foundation) without repeating areas of study. 

Generic Competences – The general abilities that Singapore CA Qualification Candidates will be required to demonstrate in order to satisfy the Practical Experience requirements of the Singapore CA Qualification. The 3 categories of generic competences are (i) Ethics and Professionalism, (ii) Organisation and Business Management and (iii) Personal Effectiveness.

Institute of Singapore Chartered Accountants (ISCA) – The administrator for the Singapore CA Qualification.

International Federation of Accountants (IFAC) – The global organisation for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies.

Practical Experience – The work experience component of the Singapore CA Qualification to provide Candidates with the opportunity to use the knowledge and skills gained from the Singapore CA Qualification and apply them in the workplace.  It consists of a minimum 3-year (450 days) experience within a Training Agreement in an Accredited Training Organisation supervised by an Approved Mentor.

Practical Experience Principles and Guidelines – A training and development framework that is used to assess the suitability of Employers to be accredited as Accredited Training Organisations.

Private Education Institution – A person that provides private education or such school that is registered under the Education Act (Cap. 87).

Pro-bonoProfessional work donated for the public good.

Professional Programme – The Professional Programme is the post-university professional education component of the Singapore CA Qualification.  The Singapore CA Qualification comprises 6 modules, namely: (i) Ethics and Professionalism; (ii) Financial Reporting (iii) Assurance; (iv) Taxation; (v) Business Value, Governance and Risk; and (vi) Integrative Business Solutions.

Record of Practical Experience and Competence (RPEC) – A logbook that is used as a professional development tool to record the Practical Experience requirements of Singapore CA Qualification Candidates.

SAC Assessor – An SAC staff who reviews the applications of Employers who seeking to be Accredited Training Organisations.

Singapore Accountancy Commission (SAC) – The statutory body tasked with the mandate of establishing the strategic direction and promoting the growth and development of the Singapore accountancy sector. 

Singapore Chartered Accountants Qualification (Singapore CA Qualification) – The post-university professional accountancy qualification leading to the “Chartered Accountant of Singapore” professional designation. The Singapore CA Qualification has three main components, namely: (i) Academic Base; (ii) Professional Programme; and (iii) Practical Experience.

Singapore CA Qualification (Foundation) – An alternate pathway to an accredited accounting degree to meet the requirements of the Academic Base. It is available to holders of degrees recognised by the SAC as at least comparable to a three-year undergraduate degree using internationally recognised reference sources. 

Technical Competences – The financial and business-related abilities Candidates are required to demonstrate in order to satisfy the requirements of the Singapore CA Qualification.

Training Agreement – An agreement between an ATO and Singapore CA Qualification Candidate that clarifies the Practical Experience that the ATO will give the Candidate to satisfy the requirements of the Singapore CA Qualification.  It also outlines the employer’s expectations of the Candidate regarding responsibilities and performance.

Training Principal – The individual at the ATO who has overall responsibility for supervising the training of Singapore CA Qualification Candidates and for confirming to the SAC that the Candidates have fulfilled the Practical Experience requirements for the Singapore CA Qualification. 

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