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SAA - SAFRA Scholarship

SAA collaborate with SAFRA with the objective of offering SAFRA members to upgrade themselves through programmes/courses sponsored by institutions

Eligibility Criteria

NEW ACCA or CAT Student Member
Applicants must be valid SAFRA Ordinary A (except NSFs), ordinary B and Life members
Applicants must have completed full-time National Service
Applicant’s combined monthly household income must be less than $3,000
University graduates are not eligible except for ACCA sponsorship
Outstanding academic results
Good leadership and communications skills
Good Character records
Short-listed candidates would be required to attend an interview session

Tenure and Value of the Scholarship Award

Association of Chartered Certified Accountants (ACCA)

The Scholarship covers tuition fees of ACCA and textbooks, revision kits and lecture materials 

Fundamentals Level : Knowledge Module   $1,320 ($440 x 3 subjects)
Fundamentals Level: Skills Module   $3,060 ($510 x 6 subjects)
Professional Level  :  Essentials   $1,740 ($580 x 3 subjects)
Professional Level  :  Options $1,160 ($580 x 2 subjects)
  $7, 280

The Scholarship is tenable for the duration of the scholars’ studies (up to three years), subject to outstanding academic performance.

Certified Accounting Technician (CAT)

Introductory Level $    620 ($310 x 2 subjects)
Intermediate Level  $    760 ($380 x 2 subjects)
Advanced Level $2, 250 ($450 x 5 subjects)
  $3, 630

The Scholarship is tenable for the duration of the scholars’ studies (up to one and a half years), subject to outstanding academic performance.

No bond is required under the terms of this Scholarship

Terms and Conditions of the Scholarship

Does not include ACCA revision classes
Does not include any student membership payment to ICPAS and ACCA (UK), CAT(S) Ltd. (e.g. initial student membership registration fees, annual student membership subscription fees, exemption fees, examination fees, etc)
Does not cover the course fees, course materials, textbooks and revision kits for any paper(s) re-enrolled should the student fail the examination.
Is non-transferable
Does not allow for deferment of classes.
Must pursue their studies leading to the ACCA or CAT qualification with SAA and are required to attend at least 95% of the course lectures. In event of illness or other unforeseen circumstances resulting in attendance of less than 95%, a medical certificate or an authorized letter specifying the reason will be required confirming the absence from class
Must complete the course within 3 years (ACCA) and 1.5 years (CAT)

Must act as the SAA Ambassador
- Present as marketing activities as required
- Write testimonials
- Appear in SAA promotions and advertisements

Adhere to all SAA and SAFRA regulations and requirements
SAA shall review the recipient’s performance at the end of each intake before the scholarship is renewed.
- ACCA scholar should pass at least 2 out of 3 papers half-yearly. Score at least 60 marks and above in all papers
- CAT scholar should score at least 80 marks for Introductory Level, 70marks for Intermediate Level and 60 marks for Advanced Level
SAA and SAFRA reserves the right to withdraw or suspend the scholarship at any time if, in its opinion, the recipient’s conduct or performance has not been satisfactory.

Additional Fees Not Inclusive in the Scholarship

Association of Chartered Certified Accountants (ACCA)

Assume that student completes the program within 3 years and pass every paper in one attempt

Student Registration

ACCA (UK) Admin Fee    £66
ICPAS Admin Fee  S$130  

Annual Fees

ACCA (UK) Admin Fee    £198
CPAS Admin Fee (3 years)  S$270  

Exemption & Exam Fees

Knowledge Module        
(3 subjects)     
£147
Skills Module                
(6 subjects)
£342
Essentials Module & Options Module
(5 subjects)   
£325
Total Fees S$400 + £1078      = est.  S$3,634


Certified Accounting Technician (CAT)

Assume that student completes the program within 1 1/2 years and pass every paper in one attempt

Application Fee  S$200
SPS S$79
Student Development Fee S$180

Student Registration

ACCA (UK) Admin Fee    £ 58
ICPAS Admin Fee  S$100  

Annual Fees

ACCA (UK) Admin Fee    £116
ICPAS Admin Fee (2 years)  S$130  

Exemption & Exam Fees

Introductory Level (2 subjects)  £72
Intermediate Level (2 subjects)    £72
Advanced Level (5 subjects)  £205
Total Fees S$230 + £523      = est.  S$1,799

How to Apply

Application forms can be downloaded here

For SAFRA website, please click here

Contact person:
SAFRA
Amy Koh
Membership Services (Benefits)
DID : 6377 9854
Fax : 6377 9899
E-mail: kamy@safra.sg

SAA
Ms. Choo Lihong
Tel No : 65975679
Fax : 6744 9796
Emai l: lihong@saa.org.sg

Application Period is:

Intake Application Exercise Period

For January Intake

First Monday of September of previous year until last Friday of September of previous year

For July Intake

First Monday of March until last Friday of March

 

 
 
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