Scheme Aims to Address Singapore's Manpower Needs in Accounting

The Institute of Certified Public Accountants of Singapore (ICPAS) and the Singapore Workforce Development Agency (WDA) are collaborating to roll out the Accounts Assistant Place-and-Train Programme (AAPnT) to support the manpower needs of the accounting function.

 

The scheme, which will be managed by ICPAS and funded by WDA, aims to place and train mid-career job seekers to join the accounting profession as accounts assistants. All trainees who successfully complete the AAPnT will receive the Certified Accounting Technician (CAT) qualification.

 

The AAPnT enables companies to hire the workers first, and equip the new workers with the required skills.  Such an approach will help ease job seekers to upgrade and move across to a better career. Participating companies can apply for training allowance of up to 70 per cent of monthly salary.

 

The CAT qualification is an introductory course in accountancy that incorporates practical experience in its curriculum. It is designed to equip the trainee with skills and knowledge for an accounting technician role. It also provides a fast track towards becoming a professional accountant. Employers can choose any CAT provider and the training duration typically ranges from 12 to 18 months depending on the training provider and intake chosen.

 

“With the tightening of labour supply this year, many firms are faced with a shortage of accounting technicians," says Lee Fook Chiew, ICPAS CEO. "The AAPnT aims to address the shortage of accounting technicians and facilitate the recruitment process. It will re-train workers for new careers in the accountancy profession.”

 

Azzli Jamain, Director, Creative & Professional Services, WDA adds the training will equip trainees with industry relevant skills needed to do well in their career. "While the trainees placed will help to alleviate the shortage of accounts assistants in the short term, they could also pursue a higher qualification (e.g. CPA Singapore) to become accountants later,” says Jamain.

As part of the launch, WDA is partnering ICPAS and NTUC’s e2i (Employment and Employability Institute) to hold a dedicated training and job fair on 26 November 2012.

 

Suitable candidates will have opportunities for immediate interviews with hiring employers. 130 job seekers have registered for this job fair.

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