The accounting industry's numbers are looking bleak, with a 10% drop in students over the past five years. But with major players developing programs to make accountancy an attractive career, the industry may soon be able to balance its books.
Deloitte, for example, has partnered with Singapore Management University (SMU) and Nanyang Technological University (NTU) to conduct Audit Analytics electives in the two educational institutions.
The consulting firm has also launched a first-of-its-kind Accelerated Career Programme which aims to develop future accountants.
“[The programme] is open to Accountancy and Accountancy & Finance undergraduates and diploma students in the local universities and polytechnics,” said Ong Siok Peng, talent leader at Deloitte Singapore.
“Through an extended internship period, the programme will equip students with the necessary skills and experience to perform at a higher level as a new graduate,” Ong said.
Data from PERSOLKELLY showed that over the past five years, there has been a 10% decrease in accountancy degree students at universities in Singapore. On the other hand, demand for accounting jobs is expected to reach up to 7,000 by 2025.
Esta historia es de la edición Issue 108 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición Issue 108 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.
