Master of Science in Professional Accountancy · Master of Science in Professional Accountancy 6 ... - If you are an ACCA student you will get recognition for your ACCA P1-P3 papers,
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www.simge.edu.sg
Ng Siu BongGraduate, Class of 2012University of London, UK
The programme is awarded by University of London, UK and developed byUCL, UK
Master of Science in Professional Accountancy Part-time
NEW
CONTENTSWelcome Messages 1
Singapore Institute of Management (SIM Group) 3
University of London 4
UCL 5
Association of Chartered Certifi ed Accountants (ACCA) 5
Master of Science in Professional Accountancy 6
Preparatory course for the Association of Chartered 11Certifi ed Accountants (ACCA) Examination
Short Courses 13
General Information 14
Application & Admission 15
Why Study at SIM Global Education 17
Blk D at SIM campus houses the Sports Hall, Performing Arts Theatre, Dance Studio and roof-top tennis courts.
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WELCOME MESSAGE
The UCL School of Management provides the academic direction for the MSc. This is an exciting opportunity for us at UCL, to be involved in this academically stimulating and professionally relevant master’s programme.
We provide the learning content for the modules you study, drawing upon our knowledge, expertise and experience. The learning content looks at practical challenges, identifying and applying ideas and models as responses and solutions.
The activities provide you with opportunities to analyse and critique those ideas and models, enabling you to come away from the programme with managerial insights and perception in addition to academic skills. This package blends theory with practice enhancing your performance in the workplace.
There are two pathways candidates can take depending on their current stage:
Pathway 1 - If you are an ACCA student you will get recognition for your ACCA P1-P3 papers, and you will take two modules - Strategic Financial Management and Strategic Performance Management, and a Strategic Financial Project. - If you have not yet passed P1-P3 you have the option to start with these and then progress to the Master’s route. - If you have not yet passed or been exempted from the ACCA F4 and F6 papers, you have the option to start with these too.Pathway 2 - If you are already an ACCA member or affi liate, you can get recognition for your professional level, and you only need to complete one new module, Global Issues for the Finance Professional, and the Strategic Financial Project to gain the Master’s degree.
Whichever pathway you follow, there is fl exibility in your mode of study and an effective support network. You have a choice of web-based and institution support, varied start dates, and tailored programme durations.
One of the powerful features of the programme is the comprehensive and interactive resource material available to provide you with the most effective platform to succeed. We provide all of the resources so there isn’t the need to purchase textbooks, and a substantive Virtual Learning Environment (VLE) that provides video support and networking opportunities with your peers.
When you complete the MSc you will receive your degree from the University of London and be invited to attend the University of London International Programmes graduation ceremony in London. You will also become a member of the University of London International Programmes’ global alumni community, and will be invited to become an ACCA affi liate and, on completing the required professional experience, an ACCA member. This MSc offers teaching informed by research and insights into real world issues. It provides practical solutions to the challenges of making organisations work as they should, not least in the fi nancial context.
We are very excited about this Master’s degree, and hope you are too! We look forward to seeing you on the programme.
Lynsie Chew Programme DirectorMSc in Professional AccountancyUniversity College London
“Our challenging and inspiring programmes provide students with the knowledge and skills relevant to a range of professions. More than this, they are designed to help students develop the capacity to solve complex problems, to critically evaluate alternative approaches and to perform well under pressure. As a result our graduates develop a lifelong ability to learn which will be of value throughout their whole career.”
Dr Mary StiasnyPro Vice-Chancellor (International) and Chief Executiveof the University of London International Programmes
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MESSAGE FROM CEO (SIM GE)
Welcome to SIM Global Education (SIM GE) – the premier institute of higher learning that offers you a uniquely enriching educational experience that prepares you for an exciting future anywhere around the globe.
SIM GE is a leading private educational institution in Singapore, reputed for its high standards and vibrant student experience. It is part of the SIM Group which was set up in 1964 on the initiation of the Singapore Economic Development Board and has over 50 years of strong track record in developing manpower to support Singapore’s economic growth.
As a gateway to the world, SIM GE offers a wide range of high quality transnational academic programmes from US, the UK and Australia. Through our strategic partnerships with these institutions to offer their programmes in Singapore – right in the hub of Asia – you can benefi t from a world-class global education without the costs and challenges of studying too far away from home.
At SIM GE, we are committed to delivering a holistic education that empowers individuals to be a positive force in their fi elds and hopefully, also in the community they live in. The rigour of our programmes builds the intellect and skills needed to thrive in a complex and fast-changing world. Through the interaction with students from diverse backgrounds and cultures in a vibrant environment, and through participating in a vast range of sporting and artistic activities, our students also learn beyond the classroom, nurturing an embracing heart and a resilient spirit.
At SIM GE, we want to inspire in you the passion to learn and excel, and to challenge you to not just realise your full potential but to reach for bigger goals.
I invite you to come and be part of our fraternity of over 133,000 graduates and alumni and 20,000 students, and discover how, like them, you can fulfi l your aspirations by embarking on an exciting educational journey with us.
Dr Lee Kwok CheongChief Executive Offi cerSIM Global Education
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SINGAPORE INSTITUTE OF MANAGEMENT (SIM GROUP)The Singapore Institute of Management (SIM Group)is the leading private provider of higher education and professional training in Singapore, known for its philosophy of lifelong learning and the quality of its programmes.
Founded in 1964 on the initiative of the Economic Development Board to support Singapore’s industrialisation, we are today a diverse and vibrant organisation with a wide range of programmes, activities and services.
A professional society, SIM has nearly 50,000 individual and corporate members who enjoy a raft of learning courses, published resources and networking events.
The SIM Group offers its services through three educational brands:
SIM UniversitySIM University (UniSIM) is Singapore’s only private university and its mission is to create excellence in lifelong education through a uniquely-designed learning experience that equips learners for a better future. Home to more than 14,000 students, SIM University adopts a fl exible and practice-focused learning approach and offers more than 60 academic programmes in various disciplines.Eligible students taking SIM University’s undergraduate programmes enjoy government subsidies and access to government bursaries, tuition fee and study loans. SIM University is a not-for-profi t university and the SIM University Education Fund has been an ‘Institution of a Public Character’ (IPC) since September 2005.
SIM Global EducationSIM Global Education’s (SIM GE) dedication to a holistic and rigorous education with a global perspective has established it as a leading private education institution in Singapore. It offers over 80 tertiary programmes ranging from its own diploma and graduate diploma courses to Bachelor’s and Master’s programmes awarded by top ranking and reputable universities and institutions from around the world, including the United Kingdom, United States and Australia. Its enrolment stands at 20,000 of full-time and part-time students and adult learners from over 40 countries.
SIM Professional DevelopmentSIM Professional Development (SIM PD) offers a vast selection of short executive training programmes for individuals to hone their skills and stay current and relevant in the fast changing world. Over 11,000 professionals benefi t annually from these programmes. SIM PD’s customised in-company training programmes have also helped companies optimise organisational effectiveness in various fi elds of management and human resource development.
Our VisionTo be the centre of excellence in education, management development and lifelong learning
Our Mission• Spearhead management development • Be the preferred strategic partner of corporations in optimising human capital effectiveness • Be the choice provider of education and training • Expand SIM beyond Singapore
Our Purpose• To open doors in life through education opportunities
Our Core Values• Trust and Respect for the Individual • Teamwork • Open and Timely Communication • Performance Excellence • Spirit of Innovative Adventure
Our CultureAn open culture where staff trust and respect each other; embrace change and seek ways to innovate; learn and work together as a team.
Our CommitmentTo our MembersWe care for our members, recognise their importance, and strive to raise the prestige of their membership.
To our CustomersWe value our customers and commit ourselves to be relevant through continuous improvements in our products and services.
To our EmployeesWe care for our people by creating a conducive work environment, helping them to balance family and work commitments, recognising their contributions, and developing them to their full potential.
To our CommunityWe honour our social obligations and pledge to be a good corporate citizen by always acting professionally and ethically in all matters.
Our Quality PolicyQuality and excellence have always been the driving force behind SIM.
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UNIVERSITY OF LONDON
A degree from the University of London is a mark of excellence, respected by employers and universities worldwide. This is because the University of London is one of the world’s leading universities, internationally recognised for its high academic standards. This reputation is based on the outstanding teaching and research of its 17 world-class Colleges and 10 specialist institutes.
Why study for a University of London master’s?• A mark of excellence – A degree from the University of London is a mark of excellence respected by employers and universities worldwide.
• Study without relocating – You can study wherever you live and gain prestigious qualifi cation. In many countries, you can take classes at local teaching institutions.
• Quality of learning – All our programmes are developed and assessed by the renowned Colleges of the University of London.
• Employability – Our degrees are internationally recognised and open doors to lucrative careers in law, business politics, education, IT and other industries.
• Join the world class – On graduation, you’ll join a global community of infl uential alumni, from leaders of business and industry, to Nobel Prize winners.
Since 1858, University of London degrees have been accessible to students all over the world through the University of London International Programmes. Alumni of the University of London International Programmes have gone on to shape our world. These include seven Nobel Prize winners, leaders of Commonwealth countries, government ministers, renowned authors, academics, judges and business leaders. Today, the University of London International Programmes is truly international in character with over 50,000 students in more than 180 countries.
Academic direction for all of the programmes offered through the University of London International Programmes is provided by Colleges of the University. Academics at these Colleges develop the syllabuses, prepare the study materials, and are responsible for the assessment of students. This means that students benefi t from the academic rigour and leading-edge research undertaken by the Colleges. It also helps to ensure that University of London qualifi cations are of the same high academic standard, however they are achieved.
On successful completion of your studies you will be awarded a University of London qualifi cation. The certifi cate you receive will state that you were registered with the University of London and will include the name of the University of London College or Colleges that conducted the examinations. Find out more about the University of London International Programmes at:http://www.londoninternational.ac.uk
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A Memorandum of Cooperation was signed between Dr Lee Kwok Cheong,CEO for SIM Global Education and Mr Stephen Heathcote, ACCA’s Executive Director (Markets).
UCL
ASSOCIATION OF CHARTERED CERTIFIEDACCOUNTANTS (ACCA)
Key Facts & Figures• UCL is ranked seventh in the world’s top 10 universities by the QS World University Rankings (2015). The UCL Institute of Education is ranked number one for education.
• UCL is the top-rated university in the UK for research strength (Research Excellence Framework 2014), by a measure of average research score multiplied by staff numbers submitted. It was rated top not only in the overall results, but also in each of the assessed components: publications and other research outputs; research environment; and research impact.
• UCL has 840 professors and more than 6,000 academic and research staff who are dedicated to research and teaching of the highest standards (HESA 2013).
• The academic community in UCL includes 53 Fellows of the Royal Society, 51 Fellows of the British Academy, 15 Fellows of the Royal Academy of Engineering and 117 Fellows of the Academy of Medical Sciences.
• Nobel Prizes have been awarded to 29 people who are or were of students or academics at UCL. The most recent addition, in 2014, is John O’Keefe (Medicine). 11 UCL Honorary Graduates and Fellows have also been awarded Nobel Prizes.
• 52% of the nearly 36,000-strong student community is engaged in graduate studies, with nearly a third of these graduate students pursuing research degrees.
UCL was founded in 1826 and is one of the world’s leading universities, founded in London to open up university education in England to those who had been excluded from it. In 1878, it became the fi rst university in England to admit women students on equal terms with men. Today the university’s outstanding research and innovative teaching drive entrepreneurial solutions to the world’s major problems.
About ACCAACCA (the Association of Chartered Certifi ed Accountants) is the global body for professional accountants. We aim to offer business-relevant, fi rst-choice qualifi cations to people of application, ability and ambition around the world who seek a rewarding career in accountancy, fi nance and management.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development. We aim to develop capacity in the profession and encourage the adoption of consistent global standards. Our values are aligned to the needs of employers in all sectors and we ensure that, through our qualifi cations, we prepare accountants for business. We work to open up the profession to people of all backgrounds and remove artifi cial barriers to entry, ensuring that our qualifi cations and their delivery meet the diverse needs of trainee professionals and their employers.
We support our 178,000 members and 455,000 students in 181 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of 95 offi ces and centres and more than 7,110 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and infl uence.
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Programme OverviewThe University of London, the UCL School of Management and the Association of Chartered Certified Accountants (ACCA), the global body for professional accountancy, are enabling you to complete a Master of Science (MSc) in Professional Accountancy and your ACCA professional accountancy qualification at the same time. This route to the ACCA qualification will be of value to accountants aspiring to senior roles and enable them to stand out from the crowd in terms of their qualifications. Compared with the cost of studying for an accountancy qualification and a master’s separately, this will save time and money for many ACCA students.
The MSc modules are the first to be recognised by ACCA to count towards the professional level of the ACCA qualification. You have flexibility regarding how you structure your studies and there are different pathways to the award depending on the qualifications you hold.
For more information, please refer to the following websites:ACCA - http://bit.ly/ACCAUOLMSCUOL - http://www.londoninternational.ac.uk/courses/postgraduate/ucl/professional-accountancy-msc-pg-cert
Who is this programme for?This programme is ideal for those who wish to pursue and upgrade their professional accounting qualifications while remain working at their present job. It prepares you for career advancements and opportunities as Singapore transforms into Asia’s accounting hub by 2020.
To qualify for Pathway 1, applicants must be:• ACCA students who have passed or been exempted from F1 to F9 and passed P1 to P3.
If you have passed or been exempted from all ACCA F1 to F9 papers and have yet to complete P1, P2 and/or the P3 paper, you may enrol for the Preparatory Course for ACCA examination at SIM Global Education. Classes will be organised to help students prepare and complete the P1 to P3 papers.
If you have passed or been exempted from most ACCA Fundamentals level papers except F4 Corporate and Business Law (Singapore) and F6 Taxation (Singapore), you may enrol for the one or both of the following to obtain exemption from the equivalent ACCA F4 and F6 papers:
• Elements of Singapore Tax, examined by SIM Global Education• Elements of Singapore Law, examined by SIM Global Education
To qualify for Pathway 2, applicants must be:• ACCA members and affiliates
Admission CriteriaPathway 1
• Passed all the ACCA F1 to F9 papers or gained exemptions approved by ACCA, and• Passed the ACCA P1, P2 and P3 papers (or their equivalent).
Pathway 2 • A current ACCA Member or Affiliate and have:• Passed all the ACCA F1 to F9 papers or gained exemptions approved by ACCA, and• Passed all the ACCA P1, P2 and P3 papers, and• Passed two of the ACCA P4-P7 option papers (or their equivalent).
English Proficiency Requirements
You will meet the English language requirement if you:
• 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), or• have passed the English version of ACCA P1, P2 or P3, or are a current ACCA Member or Affiliate.
Master of Science in Professional AccountancyAwarded by University of London, UK and developed by UCL, UK
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Master of Science inProfessional Accountancy (cont’d)
Pathway 1 – The MSc in Professional Accountancy is for ACCA members who have completed ACCA F1-F9(or a recognised degree) plus ACCA P1-P3
Programme detailsThe MSc programme consists of two pathways.
Pathway 1 (For ACCA student members)The MSc degree is awarded to those who complete two University of London modules and the project
Examined by
• Strategic Financial Management (30 credits)• Strategic Performance Management (30
credits)• Strategic Financial Project (30 credits)
UCL
Pathway 2 (For ACCA members and affiliates)The MSc degree is awarded to ACCA members and affiliates who complete one specified University of London module and the project
Examined by
• Global Issues for the Finance Professional (30 credits)
• Strategic Financial Project (30 credits)
UCL
You have completed ACCA F1-F9 (or a recognised degree)plus ACCA P1-P3.
You are eligible to register for the MSc with 90 creditsrecognised prior learning (RPL)
You need to complete 2 x UOL option modulesand the Project for the MSc.
UOL module 130 credits
UOL module 230 credits
UOL Project30 credits
Programme Commencement There are two intakes a year, commencing January and July.
ProgrammeCommencement Date
Programme End Date
July June(a year later)
January December(within a year)
Please refer to SIM GE website for updates on application deadlines and course start and end dates.
Special Note:Please ensure that your ACCA member status whether as a student member/ affiliate/ member remains active before you apply to SIM.
Your application will be forwarded to ACCA for admission criteria verification and programme eligibility confirmation.
Pathway 2 – The MSc in Professional Accountancy is for ACCA members and affiliates
UOL module for member and affiliates
30 credits
You are an ACCA member or affiliate with a compliant CPD record with ACCA.
You may be eligible to register for the MSc with 120 credits RPL. There is a limit of five years
for recognition of prior learning. If you passed your last professional level paper over five years before the start of the MSc you will need to pass the online preparation test for the programme.
Recognition of ACCA professional level,
compliant CPD record,and if applicable,passed the online preparation test
120 creditsUOL Project
30 credits
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ProgressionThere is no particular order required for the University of London modules and no pre-requisites. Although the University allows students to register for all modules concurrently, SIM will help students to pace themselves. For Pathway 1 candidates, the two taught modules can be taken at the same time or one after the other. It is recommended that the Strategic Financial Project be completed at the final stage of the programme.
Assessment/ExaminationThe University of London assessment has two components - coursework and examinations. The University of London examinations are normally held in June and December. Candidates are permitted a maximum of two attempts at passing each module.
MSc in Professional Accountancy assessment methods and weightings
ModuleElement of assessment
Elementweighting
Item(s) ofassessment
To pass the elementyou must get:
To pass the module you must get:
Strategic financial management (PAM004)
Coursework 30% 2 items of coursework each worth 15%
A combined average mark at least 50% for the 2 items
of coursework A mark of atleast 50% in
both elements
Examination 70%1 three hour written paper examination
worth 70%
A mark of at least 50in the examination
Strategic performance management (PAM005)
Coursework 30% 2 items of coursework each worth 15%
A combined average mark of at least 50% for the 2 items
of coursework A mark of atleast 50% in
both elementsExamination 70%
1 three hour written paper examination item
worth 70%
A mark of at least 50%in the examination
Strategic financial project(PAM006)
Coursework 30% 1 item of courseworkworth 30%
A mark of at least 50%in the coursework A mark of at
least 50% inboth elementsProject 70% 1 project item
worth 70%A mark of at least 50%
in the project
Global issuesfor the finance professional (PAM100)
Coursework 50% 2 items of coursework each worth 25%
A combined average mark of at least 50% for the 2 items
of courseworkA mark of atleast 50% in
both elementsProject 50% 1 project item
worth 50%A mark of at least 50%
in the project
Mode of DeliveryThe lecturers teaching these University of London modules are experienced and drawn from a pool who have good track records in delivering results for professional accounting examinations. As this is a part-time programme, there will be one or two three-hour lecture(s) per week for each module. The teaching by experienced lecturers from SIM are supplemented by visiting UK faculty. This partnership arrangement is important to ensure equivalent academic standard for the programme offered in Singapore.
Master of Science inProfessional Accountancy (cont’d)
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Programme FeesPathway 1 SIM Programme Fees
(for 3 UOL modules)
Local Exam Centre Fee **
S$8,025
S$300
UOL Fees (£1400 x 3) ** S$9,240
Total S$17,565Pathway 2 SIM Programme Fees
(for 2 UOL modules)
Local Exam Centre Fee **
S$5,350
S$200
UOL Fees (£1400 x 2)** S$6,160
Total S$11,710
Fees Payable to University of London**
UOL Fee per module (Institution-supportedlearning, Band B) £1,400UOL Module continuation fee (if the moduleis not completed in the session) £ 600
Estimated overall fees** (includes fees payable to ACCA)ACCA P1 to P3 + UOL MSc Pathway 1 S$23,735.50UOL Pathway 1 S$17,565.00UOL Pathway 2 S$11,710.00
** These are estimated amounts as UOL and ACCA fees are subject to exchange rate fluctuations and to an annual fee increase.
• The fees are inclusive of 7% GST and payable before the start of each term.• Each payment excludes textbooks.• The fees stated are valid as long as the student status remains active. While it is possible to complete the programme in the minimum duration, additional fees will be incurred when students resit a module or more.• Other than to Singapore Institute of Management Pte Ltd, fees are also payable to University of London and Association of Chartered Certified Accountants (ACCA) and to their respective examination bodies (e.g. RELC Examinations Bureau). • The fees payable to University of London and ACCA are subject to annual review and these two institutions reserve the right to amend previously announced fees, if necessary.
Internet AccessAll students are required to have regular internet access to access the following resources:• The University of London Student Portal• University of London email account• Student record, module registration and examination entry• Programme resources on the VLE• The online library at both SIM and University of London• Programme resources on the University of London International Programmes website• The Programme Specification and Regulations• The University of London International Programmes Student Charter
Award and GraduationTo attain the MSc in Professional Accountancy awarded by University of London and examined by UCL, students must successfully complete all coursework and examinations. A SIM presentation ceremony presided by the University of London Vice-Chancellor is held each year in April. Alternatively, students can choose to attend the graduation ceremony held in March in London.
Opportunity for Further StudyGraduates may further their studies in the PhD programmes in UK universities and doctoral programmes around the world.
Job Prospect upon GraduationGraduates may find themselves taking a major step towards developing an international or strategic focus within their careers. While some will accelerate their careers with existing employers, others can create potential for change. Major directions include jobs in business analysis and development, banking, management and strategy consulting, corporate finance and investment, human resource management and marketing.
Duration and Candidature PeriodThe part-time programme is designed for working adults. The time taken to complete the degree differs depending on the prior qualifications. The minimum duration for the MSc component is 12 months. The University allows a maximum candidature period of five years. Any student who fails to complete the programme within the course duration will not be entitled to any recourse or refund. Those who do not satisfy the requirements of the MSc degree may be awarded a Postgraduate Diploma instead. Terms and conditions apply for this exit award.
Master of Science inProfessional Accountancy (cont’d)
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For Pathway 1:
Strategic Financial Management (30 credits)
The module aims to enable finance professionals to evaluate business financing options, manage financial risks and make appropriate investment decisions. It will promote proactive and logical thinking, in the context of developing research and critical analysis.Assessment: 30% coursework, 70% examination
Strategic Performance Management (30 credits)
The module aims to enable finance professionals to exercise their professional judgment in conjunction with core knowledge and skills when designing, implementing and evaluating an organisation’s performance management system.Assessment: 30% coursework, 70% examination
For Pathway 1 and 2:
Strategic Financial Project (30 credits)
The module aims to provide an opportunity to demonstrate independent academic research skills and apply them in a simulated professional context, which will include the requirement to present an analysis of and potential solutions and recommendations to an accounting/finance related business issue in a format suitable for a finance professional. This module is a capstone project and will provide an opportunity for students to apply financial models to real world issues, demonstrating critical thinking and analysis.Assessment: 30% coursework, 70% project
For Pathway 2:
Global Issues for the Finance Professional (30 credits)
The module aims to provide module participants with a theoretical and practical understanding of the evolutionary nature and applications of finance and accounting models resulting from changes in the economic, political, regulatory and technological environment. In so doing it considers the established history, the current state of play, and implications for the future. The module will provide the opportunity for students to demonstrate their ability to assess the impact of such changes on organisations and relevant stakeholders in the context of a finance professional. The module aim is to explore current issues in financial reporting, financial management, and corporate finance disciplines and provide opportunities for students to develop their critical analysis and evaluation of alternative solutions. Assessment: 50% coursework, 50% project
MODULE OUTLINE
Master of Science inProfessional Accountancy (cont’d)
1111
Programme FeesPreparatory course for ACCA examination (including Revision)
SIM Programme Fees (for 3 ACCA modules)ACCA Fees **
S$3,370.50
S$2,800
Total S$6,170.50Preparatory course for ACCA examination (Revision only)
SIM programme Fees (per subject)
S$417.30
Fees Payable to ACCA**
Initial Registration (one-time fee to register with ACCA) £ 79Annual Subscription (annual fee paid to continue active status with ACCA) £ 85Professional exams fee (chargeable per exam) Early Entry (per exam) £ 110Standard Entry (per exam) £ 116Late Entry (per exam) £ 277
Exemption Fees 3 knowledge papers F1 to F3 (£71/ per paper) £ 2136 skills papers F4 to F9 (£90/ per paper) £ 540
Estimated overall fees**
(includes module fees payable to UOL)ACCA P1 to P3 + UOL MSc Pathway 1 S$23,735.50UOL Pathway 1 S$17,565.00UOL Pathway 2 S$11,710.00
** These are estimated amounts as UOL and ACCA fees are subject to exchange rate fluctuations and to an annual fee increase.
• The fees are inclusive of 7% GST and payable before the start of each term.
• Each payment excludes textbooks.
• The fees stated are valid as long as the student status remains active. While it is possible to complete the programme in the minimum duration, additional fees will be incurred when students resit a module or more.
• Other than to Singapore Institute of Management Pte Ltd, fees are also payable to University of London and Association of Chartered Certified Accountants (ACCA) and to their respective examination bodies (e.g. RELC Examinations Bureau).
• The fees payable to University of London and ACCA are subject to annual review and these two institutions reserve the right to amend previously announced fees, if necessary.
Programme CommencementFor applicants who have not passed the ACCA P1, P2 and P3 papers (or their equivalent)
Programme Commencement Date Programme End Date
January June
July December
Please refer to SIM GE website for updates on application deadlines and course commencement and end dates.
Preparatory Course for the ACCA ExaminationAwarded and developed by ACCA, UK
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. The three P papers are:• P1 Governance, Risk and Ethics• P2 Corporate Reporting• P3 Business Analysis
Admission CriteriaThe admission criteria for the Preparatory Course for ACCA Examination at Fundamentals level: 1. 2 GCE ‘A’ Levels (grades A - E) and 3 GCE ‘O’ Levels (grades 1 - 6 / A1-C6), or equivalent qualifications, in 5 separate subjects, including English and Mathematics or equivalent.2. Polytechnic diplomas in any discipline3. Bachelor’s degree in any discipline
In order to embark for the Professional level papers, candidates must also have:4. Student membership with ACCA5. 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 • Are a current ACCA Member or Affiliate.
Assessment and ProgressionEach ACCA Professional paper is examined by a three-hour written and unseen examination set by ACCA Global. 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 pre-requisites. 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.
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Mode of DeliveryThere will be one or two three-hour lecture(s) per week for the ACCA P1, P2 and P3 modules over an average of 20 weeks. The lecturers teaching these modules are drawn from a pool who have good track records in delivering results for professional accountancy examinations. This is a partnership arrangement with ACCA and it is important to ensure equivalent academic standard for the programme offered in Singapore.
Duration and Candidature PeriodThe part-time programme is designed for working adults. The time taken to complete the preparatory course for the three ACCA papers is a minimum of six months per paper. The modular SIM classes will allow students to pace themselves and complete the papers within 12 months. There is a maximum number of attempts for each paper although the
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MODULE OUTLINE Governance, Risk and Ethics (P1) (30 credits)
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. The syllabus begins by examining the whole area of governance within organisations in the broad context of the agency relationship. This aspect of the syllabus focuses on the respective roles and responsibilities of directors and officers to organisational stakeholders and of accounting and auditing as support and control functions. The syllabus then explores internal review, control, and feedback to implement and support effective governance, including compliance issues related to decision-making and decision-support functions. The syllabus also examines the whole area of identifying, assessing, and controlling risk as a key aspect of responsible management. Finally, the syllabus covers personal and professional ethics, ethical frameworks – and professional values – as applied in the context of the accountant’s duties and as a guide to appropriate professional behaviour and conduct in a variety of situations.Assessment: 100% examination
Preparatory Coursefor the ACCA Examination (cont’d)
Corporate Reporting (P2) (30 credits)
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. The syllabus examines the financial reporting framework within which the accountant operates and examines detailed financial reporting requirements for entities leading to the preparation of group financial reports in accordance with generally accepted accounting practice and relevant standards. The syllabus then deals with the nature of reporting for specialised entities including not-for-profit and small and medium-sized enterprises. The final sections of the syllabus explore – in more depth – the role of the accountant as financial analyst and adviser through the assessment of financial performance and position of entities, and the accountant’s role in assessing and advising on the implications of accounting regulation on corporate reporting. Finally, the syllabus covers the evaluation of current developments and their implications for financial reporting.Assessment: 100% examination
Business Analysis (P3) (30 credits)
The syllabus is primarily concerned with two issues. The first is the external forces (the behaviour of customers, the initiatives of competitors, the emergence of new laws and regulations) that shape the environment of an organisation. The second is the internal ambitions and concerns (desire for growth, the design of processes, the competences of employees, the financial resources) 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. It identifies opportunities for beneficial change that involve people, finance and information technology. It examines how these opportunities may be implemented through the appropriate management of programmes and projects.Assessment: 100% examination
candidature for all 14 ACCA examinations is ten years. Any student who fails to complete the P1 to P3 papers after repeated attempts over ten years will not be entitled to any recourse or refund.
Special Note:
Please ensure that your ACCA student member status remains active before you apply to SIM.
Please proceed to apply as 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. Please 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.
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ELEMENTS OF SINGAPORE LAWThis course aims to provide students with a basic understanding and basic knowledge of the Singapore corporate and business law. This course will cover the following specific areas:
• Legal system in Singapore, • Key elements of contract law, • Basics of tort law and professional negligence, • Key principles of company law and corporate governance.
With respect to contract law and tort law, the goal is to show how these areas of law bind parties to perform their agreements. The goal of the company law course is to show how company law facilitates business transactions through the formation, constitution, management and financing of companies. With respect to corporate governance, the goal is to demonstrate how disciplines as varied as law, management, accounting and ethics are brought together to focus on how companies are governed.
The aims of this course are to develop the students’ knowledge and skills in the understanding of the general legal framework and specific legal areas relating to business. The students will develop knowledge and skills in legal analysis and recognition of legal issues and the need to seek further specialist legal advice where necessary.
ELEMENTS OF SINGAPORE TAXThe course is designed to provide students with the rationale and the functions of the tax system in Singapore. The course then considers the common types of taxes that an accountant in Singapore would need to be familiar with, such as income tax from business activity (whether through a corporate entity or as a sole proprietor), employment, investments and the goods and services tax liability of businesses. Having covered the core areas of the basic taxes, the student should be able to compute the tax liabilities for companies and sole proprietors, work out the tax liabilities for individuals as well as have a grasp of the application and mechanics of the Goods and Services Tax system, be able to explain the basis of their calculations, apply simple tax planning techniques for individuals and companies. Students should also be familiar with compliance issues for the taxes covered under the course. These issues include time-bars and penalties for non-compliance.
Who should attendThe short courses are targeted at candidates who are pursuing overseas degrees in business and accounting and who wish to know more about Singapore law with regards to corporate and business and taxation in Singapore.Candidates can either take the short courses individually or together. They can be graduates or current undergraduates.Those who sign up for the Elements of Singapore Tax must have successfully completed a basic accounting course in their undergraduate degree or have been awarded a Diploma in Accountancy.
Assessment/ExaminationThe requirements to receive a Certificate of Completion for each short course, is that candidates successfully pass a three-hour unseen written examination per course at SIM Global Education to be held in August or in December.
Mode of DeliveryClasses are generally conducted in blocks of three hours. There are at least 13 sessions per course, taught by an experienced local instructor. Classes may be run in the day for full-time students at SIM. Classes will also be conducted in the evenings/weekends on a part-time basis for those who are working. Classes will be conducted from June to August and repeated from September to December each year.
Programme feesThe fees are S$963 each or S$1,926 for two courses. Both fees listed are inclusive of the application fee and 7% GST. Do check the SIM GE website for details of the closing dates and any change of timing.
Programme RequirementsCandidates in these short courses will not require a separate PEI-Student Contract nor do students need to participate in the Fee Protection Scheme. Medical insurance mentioned on Page 16 will not apply to those only registered for the short courses.
Short Courses
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GENERAL INFORMATION
Venue All classes will be conducted at SIM Headquarters, 461 Clementi Road, Singapore 599491, unless otherwise stated.
Minimum Class Size for Commencement There must be a minimum of 25 students for the programmes to commence. Students will be informed within one month prior to class commencement if the programme fails to commence due to low take up rate.
Attendance Although there is no minimum attendance requirement stipulated by University of London and ACCA, students are encouraged to attend all classes.
SIM Postgraduate Scholarships: SIM-Richard K M Eu Scholarship; SIM-You Poh Seng Scholarship (Open to SIM graduates only)
The SIM Postgraduate Scholarships honour our pioneering leaders - Dr Richard K M Eu and Professor You Poh Seng - contributors to the management development and education in Singapore.
Open to Singapore citizens, the scholarships are awarded to SIM graduates who have completed their studies with SIM University and SIM Global Education. Awards are granted for full-time or part-time postgraduate studies at reputable local and overseas universities, and are applicable for those who will be starting as fresh students for the upcoming academic year. Each scholarship is worth S$100,000 and bond-free.
Study LoansStudents may obtain study loans from these banks and institutions under a course financing scheme (subject to approval).
All loan enquiries and applications are to be dealt with the banks and institutions directly. For more information, please call:
MaybankTel: 1800 629 2265Website: www.maybank2u.com.sg
POSBTel: 6333 0033Website: www.posb.com.sg
RHB Bank BerhadTel: 1800 323 0100Website: www.rhbbank.com.sg
CIMB BankTel: 6333 7777Website: www.cimbbank.com.sg
Interest-free Instalment PlansWhen you charge above S$500 to your Citibank or OCBC Visa/MasterCard, you can enjoy interest-free instalments of six or twelve months. Terms and conditions apply.
For more information, please call:
CitibankTel: 6225 5225Website: www.citibank.com.sg
OCBCTel: 1800 363 3333Website: www.ocbc.com.sg
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APPLICATION & ADMISSION
How to ApplyApply at www.simge.edu.sg/ge/apply before the closing date.
Before application, ensure you have met the academic and English Language requirements for the programme. Have the scanned copies of all supporting documents (in PDF format) on hand for uploading and entry in the e-application form.
Applications with incomplete, inaccurate information and not accompanied by supporting documents will NOT be processed and considered.
For an international applicant applying to a full-time programme, you must submit an online Student’s Pass (STP) application form. Your Student’s Pass application is subjected to approval of the Singapore Immigration & Checkpoints Authority (ICA).
Supporting documents 1. Educational certificates (e.g. ‘O’ and ‘A’ level certificates, diplomas, exam transcripts). Translated and notarised copies are required if documents are not in English. By the application closing date, you must have attained the minimum qualification required for the programme.
2. NRIC or FIN/passport (for international applicants).
3. Passport-sized photograph. Your photo must be taken in the last 3 months. It is to be in JPEG format, 400 by 514 pixels, and file size of around 60KB.
Verification of documents If you’re living in Singapore, bring your original documents for verification at Student Recruitment Centre, SIM HQ Block A, Level 2, within 7 days of submitting your application, or before the closing date, whichever is earlier.
For international applicants, please mail in the original notarised documents to SIM for verification.
Application fees An application fee is payable for each application form that is submitted. This fee (inclusive of 7% GST) is non-refundable and non-transferable. The fee will be refunded fully only if the intake does not commence. Unpaid applications will not be processed. MasterCard / Visa credit card or eNETS can be used to pay application fee.
Local applicants: S$96.30. International applicants: S$321.00*
*This does not include all fees related to Student’s Pass application.
Application outcome & Acceptance of offer Applicants will be informed by e-mail of the application outcome within one month before the course starts. When you have received the offer, you must go online to confirm the offer and accept the student contract document.
Application on paper formsPaper-based application forms are only for certain programmes of The University of Warwick and University of Birmingham. The soft-copy application forms will be available for download from SIM GE’s website, under the respective programme overview pages. Fill in the form and submit with the supporting documents and application fees, by hand or by mail to:
Singapore Institute of Management Pte LtdATTN: HE 3 DepartmentSIM Headquarters (Block A), 461 Clementi RoadSingapore 599491
Course Fees Payment For first payment of course fees only You may make payment at the payment counters in SIM Headquarters or via E-payment.
Payment Counters in SIM HQThe modes of payment available are cash, cheque, Nets, cash card, Visa/MasterCard and/or Cashier/Money/Postal order. We accept up to 4 different modes of payment combination. All payments are to be in Singapore dollars.
For cheque payment, the cheque must be crossed, and made payable to “Singapore Institute of Management Pte Ltd”. It should not be post-dated.
For Nets payment, the daily limit is $2,000 or $3,000, depending on the bank and your personal limit.
For credit card payment, the limit is subjected to your available balance at the point of payment.
E-paymentPlease login to SIMConnect website.
Please note that you need to submit duly completed and signed Form 12 and PEI-Student Contract before payment can be made. All payments need to be made before the stipulated deadline.
If you encounter any problem during e-payment, please contact Student Services at students@sim.edu.sg for assistance.
Private Education ActUnder the new Private Education Act, legislated in December 2009, a Council for Private Education (CPE) was set up to regulate the private education industry in Singapore. All Private Education Institutions (PEIs) are required to comply with the regulations under the Act in order to continue operations.
Following are the requirements which Singapore Institute of Management Pte Ltd (SIM PL) has put in place:
PEI-Student ContractCPE, in aiming to enhance the confidence of students and their parents in the quality of education in Singapore, has stipulated that all PEIs must sign a PEI-Student Contract with students. The contract sets out the terms and conditions governing the relationship between the student and PEI. SIM PL will honour all terms and conditions in the contract and in all communication materials.
Students may request for a copy of the PEI-Student Contract from SIM PL or view it on the CPE website (www.cpe.gov.sg).
Cooling-Off PeriodThere will be a cooling-off period of 7 working days after signing the PEI-Student Contract. Students have the right to cancel the contract within the 7 working days and be refunded the highest percentage of the fees already paid if the students submit written notice of withdrawal to SIM PL within the cooling off period (refer to Clause 2.3 of PEI-Student Contract). After the cooling-off period, SIM PL’s refund policy will apply.
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Fee Protection SchemeSIM PL adopts a compulsory Fee Protection Scheme (FPS) to protect the paid fees of both local and international students. The FPS serves to protect the student’s fees in the event that the PEI is unable to continue operations due to insolvency, and/or regulatory closure. In addition, the FPS protects the student if the PEI fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts.
SIM PL has appointed Etiqa Insurance Pte. Ltd., Lonpac Insurance Bhd and Tokio Marine Insurance Singapore Ltd as our FPS insurance providers. Under the FPS insurance scheme, students’ fees will be insured by the insurer pre-assigned by SIM PL. In case of events as stated above, students will be able to claim their paid fees from the respective FPS insurance provider.
More details of the FPS can also be found in the FPS Instruction Manual, available at www.cpe.gov.sg.
Medical Insurance SIM PL has in place a group medical insurance scheme for all its students. This medical insurance scheme will have a minimum coverage as follows: an annual coverage limit of S$20,000 per student, covers up to B2 ward in government and restructured hospitals and provides for 24 hours coverage in Singapore and overseas (if student is involved in SIM PL-related activities) throughout the course duration.
For more information on medical insurance, visit www.simge.edu.sg/ge/medicalinsurance
Refund Policy Withdrawal due to non-delivery of courseSIM PL shall refund the entire Course Fees and Miscellaneous Fees already paid by the Student if:1. It does not commence the Course on the Course Commencement Date;
2. It terminates the Course before the Course Commencement Date;
3. It does not complete the Course by the Course Completion Date;
4. It terminates the Course before the Course Completion Date;
5. It has not ensured that the student meets the course entry or matriculation requirement as stated in Schedule A of the PEI- Student Contract within any stipulated timeline set by CPE; or
6. The Student’s Pass application (exclude renewal of student’s pass) is rejected by Immigration & Checkpoints Authority of Singapore (ICA).
Withdrawals due to other reasonsIn the event that the students withdraw due to any reasons other than those stated above, refund to students will be an amount based on the table below.
Percentage of aggregate amount of the course fees and where applicable, the miscellaneous fees paid
If student’s fully completed request for withdrawal is received:
95% Refund More than 14 days before the course commencement date
75% Refund Within 14 days before the course commencement date OR within 7 days after the course commencement date
0% Refund More than 7 days after the course commencement date
Notes 1. Application fee for courses is non-refundable and non-transferable.
2. Requests for refunds arising from withdrawal and change of programme must be accompanied with an original fully completed hardcopy Student Request Form (downloadable from the SIM GE website) and supported with relevant documentary proof, where applicable.
3. Refunds (if any) will be processed within 7 working days upon:
Where transfer/withdrawal is initiated by student
a. Full submission of transfer/withdrawal request via the self-service function in SIMConnect or upon receipt of the original fully completed hardcopy Student Request Form with relevant supporting documentary proof; and
b. The approval of requests by SIM PL or Partner University.
Requests that are received after 12.00 noon would be considered as submission on the next working day.
Where withdrawal is initiated by SIM PL or due to visa permit rejection
a. The date of notification from SIM PL to students.
Transfer/Withdrawal PolicyStudents are to put up their request for change of programme (transfer)/withdrawal via the appropriate forms/platforms. SIM PL will acknowledge the students’ requests in 3 working days and advise students on the final outcome within a reasonable time frame (not more than 4 weeks).
NotesChange of Programme (Transfer)
1. Approval for change of programme will be granted on a case-by-case basis and subject to each individual meeting the course admission requirements.
2. A transfer fee may be applicable for some programmes.
3. A fresh PEI-Student Contract shall be executed between the Student and SIM PL when the change of programme request has been approved.
4. Students are deemed to have withdrawn from the original programme when the application for change of programme is approved; the refund percentage as indicated in the refund table shall apply.
Withdrawal
1. Transferring to another institution is deemed as a withdrawal from SIM PL.
Confidentiality ClauseSIM PL is committed to maintaining the confidentiality of the student’s personal information and undertakes not to divulge any of the student’s personal information to any third party without the prior written consent of the student SUBJECT TO the obligation of SIM PL to disclose to any Singapore government authority any information relating to the student in compliance with the law and/or to the organisation conferring/awarding the qualification.
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WHY STUDY AT SIM GLOBAL EDUCATION
The promise of a global education that ensures successSIM GE helps you achieve your career aspirations by offering industry-relevant curricula coupled with a stimulating environment. Our approach towards a career-enhancing learning experience is to develop you with a global edge having the ability and adaptability skills for employability anywhere.
Blend of CultureWith a blend of 40 nationalities from across the globe, SIM GE’s remarkable global mix of cultural diversities provides an excellent platform for cultural exchange and knowledge sharing. A diverse student population coupled with international faculty from across the world is your gateway to an education experience with a global mindset in the epicentre of buzzing Asia.
Education OptionsWhether you are a CEO, frontline manager, executive, or a recent graduate, SIM GE offers over 80 full-time and part-time academic programmes through more than 10 partner universities at master’s, bachelor’s, graduate diploma and diploma levels. Explore areas such as arts, business, communication, design, fi nance, information technology, hospitality, management, nursing, social sciences and more.
StabilityWith a heritage in education for more than 50 years, over 149,500 strong alumni, student enrolment of over 36,000 and more than 2,000 top-notch faculty, the SIM Group is the premier organisation for higher education and lifelong learning in Singapore and the region.
Committed to the welfare of every student, SIM PL extends support to all its students, from fi nancial assistance schemes to counselling services and structured processes for grievance resolution. SIM PL also provides a 24-hour medical insurance coverage for all its students both in Singapore, and overseas (if students are involved in SIM-related activities) throughout the course duration.
Information on student support services is available at http://www.simge.edu.sg/ge/support
Vibrancy of Student LifeBrace yourself for a plethora of learning opportunities that will facilitate your pursuit of a satisfying career. Stay plugged into the latest industry trends through 12 special Interest Groups, and connect with other like-minded professionals for sharing of best practices and experiences. With a community boasting nearly 50,000 individual and corporate members, you can leverage our networks for greater success.
Infrastructure + TechnologySIM GE ensures that the student-centric campuses are outfi tted with the latest in technology and facilities to enhance your learning experience. SIM campuses are enabled with high-speed wireless Internet access and the latest in technology connecting you to a wealth of information and online services.
SIM HQ CampusThe SIM Headquarters (SIM HQ) along Clementi Road is SIM’s main and largest campus.
In 2014, the expansion of SIM HQ was completed with the fi nal phase of the SIM Campus Development Master Plan, bringing the total campus size to 110,000 square metres. Facilities include over 200 lecture theatres, seminar rooms and computer laboratories, as well as a sports hall, performing arts theatre, multi-purpose halls, a fi nancial training centre and a management library. Also on campus is a student activity hub which provides a focal point for students’ social interaction and recreation, and a student care and wellness centre that organises programmes that promote healthy and optimal living.
SIM Management HouseSet in the tranquil residential estate of Namly Avenue, the SIM Management House has over 20 lecture theatres and seminar rooms, and a members’ lounge that cater to membership activities and executive development courses.
This brochure contains key information, accurate as at time of print on 7 March 2016.For the most updated and complete programme information, refer to our website at www.simge.edu.sgSIM and University of London, UK reserve the right to change the information, including fees, herein at any time.
Singapore Institute of Management Pte Ltd
461 Clementi Road
Singapore 599491
Tel: +65 6248 9746
Fax: +65 6462 9411
Email: study@sim.edu.sg
www.simge.edu.sg
Photo Credits
Pages 1, 4, & 5: Photos courtesy of University of London, UK.
Members of The SIM Group
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