The Professional Conversion Programmes Digital Service will be undergoing scheduled maintenance from 11pm on 5 June 2020 to 9am on 7 June 2020. The service will be intermittently unavailable during this period. Thank you for your patience.
Professional Services: Management Accountants
Reskill your competencies to take on new jobs
What is it?

The PCP for Management Accountants seeks to reskill local (Singapore Citizens & Permanent Residents) mid-career switchers and displaced PMETs (Professionals, Managers, Executives and Technicians) to enable them to embark on new careers in Management Accounting, a strategic function in accounting.

The PCP consists of structured classroom training and On-the-Job training (OJT) over an estimated period of 10 months or more. Salary support is available for up to 6 months.


Who can apply?

To apply, the individual must:

  • Be a Singaporean Citizen or Permanent Resident who has graduated at least 2 years;
  • Have no prior Management Accounting experience;
  • Be newly hired by firms for Management Accounting (or related) functions; and
  • Have a Diploma/Degree in Accountancy or equivalent. Otherwise, individuals who have a Diploma/ Degree in another discipline, they may be considered, on a case by case basis, if they have completed the foundational level of professional accounting examinations or have at least 3 years of relevant working experience.

For new hires , the employer must:

  • Be involved in Management Accounting functions;
  • Issue a valid employment contract for at least 12 months; and
  • Provide structured OJT for the PCP candidate.

This PCP is not applicable to those who are serving the Singapore government and its related agencies or organisations.


How does it work?

The employer will receive the following funding, provided the corresponding requirements are met:

Salary Support

Singapore Citizens Funding Support
Singapore citizens aged below 40 and employed

The employer will receive salary subsidy of up to 70% of your monthly salary, capped at S$4,000 per trainee per month, for up to 6 months.

Requirement

You will remain at the employing company for a minimum of 6 months upon placement.

Singapore citizens that are:

  • Above 40 year old; or
  • Unemployed and actively seeking employment for more than 6 months

The employer will receive salary subsidy of up to 90% of your monthly salary, capped at S$6,000 per trainee per month, for up to 6 months.

Requirement

You will remain at the employing company for a minimum of 6 months upon placement.

 

Singapore Permanent Residents

The employer will receive a salary subsidy of up to 70% of your monthly salary, capped at S$4,000 per trainee per month, for up to 6 months.

Requirement

You have to remain at the employing company for a minimum of 6 months upon placement.

 

Course Fee Support

Funding Support
Singapore Citizens and Permanent Residents

The employer will receive course fee support of up to 70% of course fee, subjected to funding caps.

Requirement

You will need to remain at the employing company for a minimum of 6 months upon placement.
  • Singapore Citizens and permanent residents sponsored by SMEs; OR
  • Singapore Citizens above 40 years old

The employer will receive course fee support of up to 90% of course fee, subjected to funding caps

Requirement

You will need to remain at the employing company for a minimum of 6 months upon placement.


Contact Details

For PCP related enquiries, please contact the programme manager, the Chartered Institute of Management Accountants Singapore at infosg@aicpa-cima.com

PCP