Accounting Education and Practice: The Singapore Experience

• Main Authors: Tan, Teck Meng, Pang, Yang Hoong, FOO, See Liang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1994
• Subjects: Accounting
• Online Access: https://ink.library.smu.edu.sg/soa_research/711
• Institution: Singapore Management University

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.