Increasing Demand of Accounting Career in Singapore

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Increasing Demand of Accounting Career in
Singapore
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• Its Chinese New Year and youre stuck wondering
  what do you want to do with your extra time and
  money at hand? Why dont you consider taking
  accounting courses while you are at it? According
  to the Bureau of Labor Statistics,

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• Employment of accountants and auditors is
  projected to grow 10 percent from 2016 to 2026,
  faster than the average for all occupations. In
  general, employment growth of accountants and
  auditors is expected to be closely tied to the
  health of the overall economy.

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• The landscape is always evolving with new updates
  and standards, meaning that theres always
  something new to learn. So why dont try?

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• In Singapore, there are many available partners
  offering basic accounting courses and other
  accounting courses as well. And with its aim to
  be a leading global accountancy hub for the
  Asia-Pacific region by 2020, the demand for
  Accountancy courses/ workshops has since grown
  significantly.

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• So, in the spirit of the increasing interest in
  Accountancy career, the formulation of basic
  accounting course in Singapore which is holistic
  and capable of providing a solid platform for
  subsequent advancement to fundamental and
  professional course is an important venture. Here
  are some of the objectives that a fruitful and
  forward-looking partners must offer

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• Be able to develop an understanding of the
  framework of accounting, including the Accounting
  Equation and the essential components such as
  Asset, Liability, Equity, Revenue Expense
• Be able to understand the difference between
  Accrual and Cash basis accounting

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• Be able to understand Accounting Principles such
  as Matching Principle
• Be able to prepare Double Entry for the purpose
  of recording business transaction
• Be able to understand the difference between
  Inventory Periodic System and Perpetual System

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• Be able to prepare Financial Statements namely
  Profit Loss Statement and Balance Sheet
• Be able to prepare Cash Flow Statement
• Be able to do simple analytical deduction and
  conclusion from the Financial Statements

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• Accountancy is a multi-faceted profession. It is
  an important expertise needed in different areas
  and in diverse levels of industries. Accountants
  are not only found in accounting firms, they are
  necessary in almost every kind of business
  because balancing the accounts and ensuring that
  a company's finances are all in good condition is
  an important task.

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• The industry is also a dynamic one, and with the
  ultimate goal is of enhancing the profession and
  help strengthening the infrastructure of the
  accountancy sector while supporting members in
  various ways, there are many accounting courses
  in Singapore that continually helps individuals
  to advance their competencies and professional
  standings locally, regionally and globally.

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• Yes, a course in Accountancy, with Accountancy as
  a growing career, is not just to let time pass,
  it is an investment that is worth a try as we
  welcome the year of the dog. Remember that
  investing in your future in one of the most
  important decisions we have to make as we journey
  through this ever changing environment. Knowing
  the trend, and investing in it will help us
  decide. Lets make a great start. Happy Chinese
  New Year!