Accounting Education and Practice: The Singapore Experience

The rapid economic growth in Singapore over the last 3 decades has created a significant demand for accounting education and a need for a responsive professional accounting body to serve business and industry. A historical background of the development of accounting education and profession in Singa...

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Bibliographic Details
Main Authors: Tan, Teck Meng, Pang, Yang Hoong, FOO, See Liang
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1994
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/711
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Institution: Singapore Management University
Language: English
Description
Summary:The rapid economic growth in Singapore over the last 3 decades has created a significant demand for accounting education and a need for a responsive professional accounting body to serve business and industry. A historical background of the development of accounting education and profession in Singapore is presented. The relationship between accounting education and practice is described to provide a better appreciation of the important role accounting plays in the economic growth and success of a nation. For historical reasons, corporate financial reporting practices and standard setting in Singapore are, to a large extent, patterned after the practices adopted in the UK and other Commonwealth countries.