Accounting is not only an exciting subject but also a useful one. If you are planning to start your own business or are interested in investing in companies to diversify your investment portfolio, accounting is a subject that will be very useful for you. More often than not, people think accounting is a very dull subject matter. This is mainly because when individuals think about accounting, they associate it with numbers and mathematics. You might be surprised to learn that a big part of accounting involves critical thinking and problem-solving. This is why people who study and learn accounting learn easily transferable skills to other aspects of their lives.
People with a career in accounting can also easily transfer to different industries such as finance, sales, and even advertising. This is mainly because the skills one learns in their career in accounting are transferable to other sectors as well. We have a number of articles written if you are interested in learning more about accounting, its career prospects and such. This article, on the other hand, is for those of you who have completed your O and A levels and would like to progress in taking up accounting in your tertiary studies.
Where to Study: Universities Providing an Accounting Course Singapore Recognises
Singapore is hands down one of the best places for accountants in Southeast Asia. It is a hub with a dynamic economy, vibrant culture and community, and robust financial sector.
According to the ACRA (Accounting and Corporate Regulatory Authority), more than half a million companies in Singapore have registered for business in the year 2023. From this statistic, you can see why studies in accounting are popular among Singaporeans.
In Singapore, students can learn Accounting in secondary school. The subject is called Principles of Accounts, and it is offered as an elective during O levels and A levels. Students get familiar with financial statements and management accounting.
So, where do you go from there? Where exactly can you go to pursue a degree in accounting? Listed below are a few universities and colleges that you can consider joining.
Nanyang Technological University
Nanyang Technological University (NTU) offers numerous undergraduate and postgraduate programs in Business, Engineering, Humanities, Computing and Data Science, Arts and Social Sciences, Medicine, and Science. This university is a research-intensive public university ranked among the world’s top universities.
One of its undergraduate programmes is the Bachelor of Accountancy. This program is a single degree, which means it focuses only on accounting. This program is a well-regarded accounting programme in the entire country that equips its students with analytical skills, programming, and many more. You will need a minimum diploma or an A-level certification to join their program.
This three-year direct honours program will expose you to subjects such as business law, marketing, strategic management, and many more, in addition to your core accounting subjects. With their list of subjects, this degree will open many doors for your future career.
According to the QS World University Rankings 2025, both NUS and NTU are consistently ranked among the top 50 universities worldwide, making Singapore one of the leading destinations in Asia for accountancy education.
National University of Singapore
The National University of Singapore (NUS) is globally recognised. It is a university that is known not only for its excellence but for its research as well. NUS boasts a holistic approach and programme that provides its students with skills to produce quality graduates who will thrive in the working environment. NUS offers the BBA (Acc) programme.
This program aims to deliver professional accountants with high business sense, competence, and high ethical standards. The BBA (Acc) programme is a full-fledged accountancy degree that allows graduates to enter the professional stage of the CA Qualification in Singapore. Their graduates receive exemptions from multiple accounting bodies such as ACCA, CPA and many more. For you to be eligible for this program, you will need to have an A-level or a Diploma.
Singapore Management University
Singapore Management University (SMU) is an internationally known university that is famous not only for its programmes but also for its research. SMU has a total of eight schools, and if you are looking to get an accounting degree, the School of Accountancy is for you.
SoA(School of Accountancy) was launched over 20 years ago and has distinctive programmes today. SMU offers the Bachelor of Accountancy in its undergraduate programme. SMU’s accountancy undergraduate programme is known for its strong accounting core subjects that are broad-based.
They offer 11 core accounting courses, including Accounting Information Systems, Auditing and Management Accounting. On top of these, they also have business courses such as business law and statistics, which are essential for the working environment. Like the other two universities listed above, SMU requires a minimum A-level or Diploma for admission.
| University | Degree Offered | Duration | Notable Feature |
|---|---|---|---|
| NTU | Bachelor of Accountancy (Honours) | 3 years | Strong analytical & tech-driven approach |
| NUS | BBA (Accountancy) | 3–4 years | Offers exemptions from global bodies (ACCA, CPA) |
| SMU | Bachelor of Accountancy | 4 years | Seminar-style teaching & broad-based curriculum |
How to Prepare for Your Accounting Examination
In preparing for your accounting examination, it’s essential to focus on understanding the concepts rather than relying solely on memorisation. While subjects such as mathematics may allow for memorising formulas and applying them to solve problems, accounting demands a deeper understanding of principles and concepts in order to apply them to various scenarios effectively. A question posed in the exam paper, especially if you are pursuing your degree, requires you to understand the principles and theories and apply them to the questions.
Another great way to prepare for your accounting examination is to try as many examination papers as possible. By doing this, you will understand what the examiners are looking for and learn how to answer and plan your time properly. Time management is crucial to ensure that you have sufficient time to attempt all the questions. This will help you gain confidence as you enter your examination hall.
Career Opportunities After Completing a Diploma in Accounting
Completing a Diploma in Accounting in Singapore provides a strong foundation for students looking to enter the world of finance and business. This qualification is recognised across industries and opens the door to roles at various levels, from entry positions to more specialised pathways with further training. With accounting being a profession that underpins all sectors, diploma holders have access to diverse career options that can grow with additional courses, certificates, or even professional bodies like the ACCA.
Possible Career Pathways for Diploma Graduates:
- Accounting Assistant or Accounts Executive: Many graduates begin their careers as assistants, supporting day-to-day bookkeeping, preparing financial statements, and managing accounts. These roles offer practical work experience that builds the confidence and skills needed for more advanced positions.
- Finance or Audit Associate: Several colleges and private institutions in Singapore offer direct progression into junior roles in finance teams or audit departments. Here, graduates apply their study knowledge in analysis and reporting, often under the supervision of a senior accountant or tutor within the firm.
- Pathway to Professional Qualifications: A diploma often acts as the stepping stone towards higher qualifications such as the ACCA or AAT. With further training and online access to advanced courses, students can move from a campus-based apprenticeship style of learning to professional recognition at global standards.
- Opportunities in SMEs and Start-ups: Singapore’s vibrant economy means smaller firms and start-ups frequently need accounting support. Graduates can take on roles that involve preparing statements, handling accounts, and providing financial analysis, giving them industry exposure that accelerates their learning within just a few months.
- Corporate and Government Pathways: Larger organisations and public bodies often recruit diploma holders into structured career tracks. These positions may include administrative training, finance assistant roles, or involvement in industry-specific projects where graduates gain recognised experience and access to professional development resources.
A diploma in accounting is more than just an entry-level qualification; it is a recognised pathway that prepares students for careers across sectors in Singapore. Whether in private firms, government bodies, or through further apprenticeships and courses, graduates are well-positioned to advance in the accounting profession. To gain a clearer understanding of where this diploma can lead, explore our guide on career paths available in accounting for more details.
Career Growth Through an Accounting Internship Singapore Experience
Securing an internship in Singapore offers a practical bridge between classroom learning and the working world. For many aspiring professionals, an internship provides the first opportunity to work within a corporate environment, meet industry expectations, and understand how theories are applied in practice. Singapore’s role as a global financial hub makes it an especially valuable place to complete such a placement, as exposure here can set the tone for future opportunities both locally and abroad.
According to a 2025 report by Reeracoen (a recruitment firm), over 75% of students from Institutes of Higher Learning (IHLs) in Singapore participate in internships, and internship-to-job conversion rates can be as high as 40%, particularly in companies with structured programmes
How Internships Contribute to Growth
- Exposure to Real-World Environments: Interns are introduced to the day-to-day operations of firms, ranging from multinational corporations to smaller practices. This exposure helps them observe how processes are structured, how teams collaborate, and how reports are prepared and reviewed within actual office settings.
- Learning from Industry Mentors: Internship programmes often involve guidance from supervisors or senior colleagues who act as informal mentors. This not only accelerates learning but also offers a rare chance to understand expectations, workplace culture, and common challenges faced in the sector.
- Building a Professional Network: One of the most overlooked benefits of an internship is the opportunity to establish connections. Interns frequently meet colleagues, managers, and even external stakeholders who may become useful contacts in the future. Such networks can prove invaluable when seeking future opportunities in Singapore’s competitive job market.
- Understanding Compliance and Regulations: Working within Singapore gives interns exposure to the regulatory framework and standards that organisations must follow. This familiarity enhances their understanding of the local environment and makes them more prepared for future roles in the country.
- Developing Workplace Confidence: Completing real tasks, contributing to team projects, and handling responsibilities during an internship often results in improved confidence. This confidence allows individuals to approach future interviews and roles with a stronger sense of readiness and assurance.
Long-Term Benefits
The experience gained during an internship can often influence the direction of future opportunities. Many organisations prefer hiring individuals who already have prior exposure to the workplace environment, as they require less adjustment and demonstrate reliability. In some cases, internships can even convert into full-time roles, giving individuals a direct pathway into the industry without the need to undergo lengthy recruitment cycles.
Furthermore, completing an internship in Singapore demonstrates commitment and adaptability, qualities that are highly valued in the market. It positions individuals to pursue advanced opportunities and further qualifications. If you are interested in strengthening your professional profile beyond internships, you may also wish to explore our guide on the Best Accounting Certifications in Singapore, which outlines options for advancing in this field.
| Career Aspect | With Internship | Without Internship |
|---|---|---|
| Job Readiness | Practical exposure, able to adapt quickly | Limited to theoretical knowledge |
| Employment Opportunities | Higher chances of securing roles post-graduation | May face longer recruitment cycles |
| Professional Network | Connections with colleagues, mentors, stakeholders | Few or no professional contacts |
| Confidence in Workplace | Comfortable handling responsibilities and projects | Often less confident in first roles |
| Career Progression | Faster growth due to prior exposure | Slower growth, requires more initial training |
Overview of Important Accounting Principles
As you embark on your accounting journey, it’s crucial to familiarise yourself with fundamental principles that will establish a strong foundation for your career as an accountant. These principles will serve as a guiding framework and equip you with the necessary tools to thrive in the field of accounting.
You will come across terms like the three golden rules of accounting, which are the fundamental rules of accounting. If you would like to know more about the three golden rules, you can visit Unlocking the Basics of Accounting for a more detailed explanation.
So, what other principles should you know? We have listed some important ones that you should have a strong understanding of if you want to succeed in your accounting course.
Accrual Principle
The accrual principle is also known as accrual accounting. This principle is fundamental because almost all companies use it to prepare their financial statements. Unlike the cash principle, the accrual principle is where a company has to record expenses and incomes regardless of whether there is a cash movement. For example, a company received an invoice for S$1,000 for insurance during the financial year. This transaction has to be recorded regardless if the payment was made during the financial year. Accrual accounting is highly significant because it accurately represents a company’s actual financial standing.
Matching Principle
The matching principle is vital in the accrual concept of accounting. The matching principle is a crucial accounting concept that emphasises the importance of matching expenses with revenues generated in the same accounting period. For example, a company pays a 10% commission to its sales team based on the previous month’s sales. Just say the company’s financial year is from January 2023 to December 2023. In December 2023, the company’s sales were S$10,000. Although the S$1,000 commission will only be paid in January 2024, the company has to account for this in their December 2023 books.
Substance Over Form
Substance over form is something that is common in principle-based accounting compared to rule-based accounting. Principle-based accounting is used by countries that use IFRS, while rule-based accounting is used by the United States of America, which uses GAAP. The concept of substance over form suggests that a business should document a transaction according to its economic reality rather than its legal structure. For instance, a company may sell its machinery and enter a leaseback agreement. In legal terms, the company does not own the machinery. But if the machinery meets the criteria of an asset. It must be recorded as such.
Accounting Training Singapore as a Stepping Stone to Professional Certifications
Pursuing structured training in Singapore has become a vital pathway for individuals aspiring to advance in specialised fields. Such programmes offer clarity on industry standards and provide exposure to the frameworks necessary for achieving globally recognised certifications. By starting with local training, individuals are able to build a foundation that makes subsequent learning and examinations far more manageable.
Why Training Matters
- Structured Learning Approach: Training in Singapore often follows a carefully designed curriculum that balances theoretical understanding with applied practice. This ensures learners progress step by step without being overwhelmed, making complex concepts easier to grasp.
- Industry Relevance: Programmes are shaped around market requirements, reflecting both local and international expectations. Participants benefit from learning materials that mirror the realities of the sector, preparing them for real-world demands.
- Preparation for Certification: A significant advantage of completing training locally is its alignment with certification frameworks. This alignment means that learners are not only improving knowledge but also working towards examinations that may elevate their professional standing.
Key Advantages of Training in Singapore
- Accessibility of Resources: With dedicated centres and institutions across the country, resources such as libraries, practice materials, and experienced instructors are widely accessible. This creates an environment that supports consistent and effective learning.
- Exposure to Global Practices: Singapore’s status as a hub means that local training frequently integrates international standards. Learners gain insights that are applicable beyond the country, making them versatile and attractive candidates in regional and global contexts.
- Connections and Networking: Training sessions provide opportunities to interact with peers and instructors. These connections can evolve into professional relationships that support growth and open doors to future opportunities.
Building Towards Professional Certifications
Many certifications require not only examinations but also a grounding in practical methods. Training serves as the first step, ensuring that individuals are not entering assessments unprepared. The familiarity gained with standards, frameworks, and industry expectations through local training accelerates progress towards becoming fully certified.
Moreover, certain programmes in Singapore are designed in collaboration with recognised bodies. This ensures participants can directly transition from training into certification pathways without unnecessary delays or gaps. By completing this process locally, individuals benefit from a seamless progression that enhances both knowledge and employability.
If you are interested in expanding your knowledge even further, our dedicated article on auditing provides valuable insights into another critical area of the field.
In Singapore, the Workforce Skills Qualifications (WSQ) system offers nationally recognised training programmes in accounting. These courses are designed to meet industry standards and are supported by SkillsFuture Singapore, ensuring quality and relevance to the current job market.
Training in Singapore serves as a crucial stepping stone for those aiming to secure respected certifications. With its structured approach, industry relevance, and integration of global perspectives, it equips learners with the tools needed for long-term growth. For those seeking advancement, beginning with local training ensures both confidence and preparedness for the challenges ahead.
Accounting Resources
If you are looking for some free accounting resources, there are many websites that you can go to. As usual, YouTube has many channels and videos that can help you gain accounting knowledge. On top of these, some sites, such as AccountingCoach and AccountingVerse, have a lot of material and resources that can help you better understand accounting concepts and principles. Khan Academy, on the other hand, has videos and materials that can help you, especially if you are struggling with the accounting basics.
Rather than attempting to understand and learn accounting by yourself, have you considered hiring a Superprof tutor? Our tutors are not only experienced and qualified but also skilled and can guide you and help you understand and master accounting. Are you looking for academic support? Whether you’re preparing for O levels or A levels, pursuing a degree, or working on professional qualifications, Superprof offers access to a diverse range of tutors who can provide personalised assistance tailored to your specific needs. We also offer flexibility and the chance to have your first lesson for free so that you can experience the teaching style of your tutor before committing to lessons.
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