Preparatory Course for the Association of Chartered Certified Accountants (ACCA) Examinations
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, aiming to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
For the purpose of preparing students to meet the admission criteria for the MSc in Professional Accountancy, SIM will also run classes to assist students to take their Professional Examinations with ACCA.
Fundamental Short Courses
if you are SIM current active students or graduates who have passed or been exempted from most ACCA papers except F4 Corporate and Business Law (Singapore) and F6 Taxation (Singapore), SIM will run classes to assist students to obtain exemption from equivalent ACCA F4 and F6 papers.
Both SIM-UOL BSc in Accounting & Finance and BSc in Banking & Finance graduates from 2012 onwards are welcome to apply. Please write in to firstname.lastname@example.org for more details.
For the purpose of preparing students to meet the admission criteria for the MSc in Professional Accountancy, SIM will run classes to assist students to take their Professional Examinations with ACCA.
three P papers are:
• P1 Governance, Risk and Ethics
• P2 Corporate Reporting
• P3 Business Analysis
These papers are awarded and developed by ACCA, UK.
The lecturers teaching these modules are drawn from a pool who have good track records in delivering results for professional accountancy examinations.
1 or 2 three-hour lecture(s) per week for the ACCA P1, P2 and P3 modules over an average of 20 weeks.
Minimum period per paper: 6 months
Maximum period per paper: 7 years
The modular SIM classes will allow students to pace themselves and complete each paper within 6 months or three papers within a minimum of 12 months.
Special note: there is no maximum number of attempts for each paper. But students are required to pass all the Professional level exams within seven year, or lose any passes that were achieved more than seven years ago and will need to retake. The seven year time limit starts when a student passes their first Professional level exam. For more details about ACCA Time Limit for Exams, please click HERE. Any student who fails to complete the P1 to P3 papers after repeated attempts over seven years will not be entitled to any recourse or refund.
Minimum Class Size
Minimum class size to commence: 25 students. Students will be informed within one month prior to class commencement if the programme fails to commence due to low take up rate.
Risk and Ethics (P1)
The syllabus assumes essential technical skills and knowledge acquired at the Fundamentals level where the core technical capabilities will have been acquired, and where ethics, corporate governance, internal audit, control, and risk will have been introduced in a subject-specific context.
Assessment: 100% examination
The syllabus takes the subject into greater depth and contextualises the role of the accountant as a professional steward and adviser/analyst by initially exploring the wider professional duties and responsibilities of the accountant to the stakeholders of an organisation.
Assessment: 100% examination
The syllabus is primarily concerned with two issues; the external forces that shape the environment of an organisation and the internal ambitions and concerns that exist within an organisation. This syllabus looks at both of these perspectives, from assessing strategic position and choice to identifying and formulating strategy and strategic action.
Assessment: 100% examination
Click here to know more about each paper stated above.
In order to embark for the Professional level papers, candidates must meet the following criteria:
1. An active ACCA student member
2. Passed all or gained exemptions approved by ACCA from the Fundamentals level F1 to F9 papers
Candidates may also apply to ACCA before you submit your application to SIM.
English Proficiency Requirement
You will meet the English language requirement if you have one of the following:
• Have passed the English version of ACCA F1 to F9 papers (or gained exemption by completion of an English-medium undergraduate degree approved by ACCA like the University of London or RMIT University degrees), or
Please ensure that your ACCA student member status remains active before you apply to SIM.
Apply to be an ACCA student member if you have an accounting degree. You will need to send your academic transcripts to seek F1-F9 exemptions. The process normally takes 2 weeks. Make sure you have been confirmed as an ACCA student member before you apply to SIM.
Your application will be forwarded to ACCA for admission criteria verification and programme eligibility confirmation.
Estimated overall fee*
ACCA P1 to P3: S$5,800.00
All fees inclusive of prevailing GSTBreakdown of Estimated Overall Fees
Fees payable to SIM
SIM Programme Fees (for all 3 ACCA modules, includes Revision): S$3,370.50
Fees payable to ACCA *
ACCA initial registration fee: £79
ACCA annual subscription fee: £95
ACCA F1 - F9 Foundation papers exemption fees:
- F1 - F3: £72 (per paper)
- F4 - F9: £97 (per paper)
ACCA Professional paper P1 - P3 examination fees: £132 (per paper, standard entry)
Total ACCA Fees: £1368 (CLICK HERE for more details about ACCA fees and charges)Miscellaneous fees
Revision fee for Preparatory course for ACCA examination (only when you have failed the subject that taken with SIM): S$417.30 (per module)
SIM Programme Fees (per module, includes Revision): S$1,123.50
ACCA re-registration fee: £79
All fees inclusive of prevailing GST
* These are estimated amounts as ACCA fees are subject to exchange rate fluctuations and to an annual fee increase.
Assessment & Progression
Each ACCA Professional paper is examined by a three-hour written and unseen examination set by ACCA Global. ACCA will send the results to its students' myACCA account and no ACCA award will be issued for the passing of each P paper. There is no particular order required for the ACCA modules and no prerequisites.
SIM will help students to pace themselves. While the University of London permits students who have not completed P1-P3 to embark on the University modules as part of the postgraduate certificate programme, SIM will ask that students complete the P papers before progressing to Pathway 1 of the MSc degree programme.
For more details about UOL MSc degree programme, please CLICK HERE
Although there is no minimum attendance requirement stipulated by SIM and ACCA, students are encouraged to attend all classes.