The Accountancy sector is a key to Singapore’s position as a global business hub and comprises two segments: In-house Finance & Accounting (F&A) Functions and Accounting Practices. According to the Job Transformation Maps (JTMs) for both segments which were launched in early 2022, the accountancy sector will continue to grow and transform in tandem with the embrace of technology. New job roles are emerging, and at the same time, some existing job roles will see high degree of change in job tasks thus requiring job redesign to enable employees to add greater value to the business.

The Career Conversion Programme (CCP) for Accounting Professionals* aims to facilitate companies in Accounting Practices or with in-house F&A functions to redesign accounting roles in the following functional tracks, and reskill in-service employees for the future of work:

• Financial Accounting
• Management Accounting
• Assurance
• Tax
• Corporate Secretarial

Participating companies will develop a 3-month training plan to reskill the nominated employees with the skills required to take on redesigned or new in-demand accounting roles in either in-house F&A functions or Accounting Practices. The training plan will be OJT-centric, covering the core Technical Skills and Competencies (TSCs) validated by the industry and required by the specific functional track. 

(* The CCP also supports employers in hiring mid-career individuals for accounting roles. Interested employers may refer to the contact details and contact our Programme Partner for more information.)

The CCP is open to all companies in Accounting Practices or with in-house F&A functions that are keen to redesign accounting job roles and reskill employees into an in-demand accounting role. Participating companies and the individuals need to meet the following criteria:

For participating companies:

• Registered or incorporated in Singapore with a valid Unique Entity Number with Accounting and Corporate Regulatory Authority;
• Committed to working with WSG or its appointed partner on the necessary administrative matters related to the programme;
• Committed to redesigning the accounting job roles and reskilling employees in one of the five functional tracks: financial accounting, management accounting, assurance, tax or corporate secretarial;
• Offer a minimum fixed monthly salary of $3,000 or more;
• Provide clear documentation on the redesigned job roles, as well as develop and put in place structured training plan for the CCP; and
• Commit to CCP training arrangements for the trainees

For the nominated individuals:

• Singapore Citizen or Permanent Resident working as accounting professionals and selected by their employers to participate in the CCP;
• Minimally 21 years old;
• Must be employed by the participating employer for more than a year prior to the CCP;
• Must not be a shareholder of the company, or its related companies;
• Must not be related to the owner(s) of the company; and
• Must not be undergoing any programmes funded by WSG concurrently.

Based on the redesigned accounting role and tasks, participating companies will develop 3-month training plan and nominate employees to participate in the CCP. Upon approval by WSG via the appointed Programme Partner, NTUC LearningHub, employers and employees may commence training under the CCP.

Frequency of runs: Ongoing intakes throughout the year.

Funding Support 

*Note

• For trainees who commence training from 1 April 2024
• For trainees who commence training before 1 April 2024, the funding is capped at $4,000 and $6,000 for Standard Rate and Enhanced Rate, respectively.