WSQ Fundamentals of Bookkeeping and Accounting Course in Singapore
You’re not the only one who has looked at a financial record and not known where to start. Many people who work handle money related tasks every day without knowing how accounts work. This 3-day Bookkeeping and Accounting Course Singapore gives you the basics. It covers everything from recording transactions and understanding double entry accounting to making a simple cash flow statement and getting to know Singapore’s financial reporting system. Anyone from any field can take the course, and it is WSQ-certified and SFC-eligible for both beginners and experienced professionals.
WSQ
Singapore Workforce Skills Qualifications
SkillsFuture Eligible
PSEA
Post Secondary Education Account
SFEC
SkillsFuture Enterprise CreditAbsentee
Payroll
Course Start Date
Schedule
- Days: 3 Days
- Duration: 24 Hours
- Timings: 9:00 AM - 6:00 PM
- 10 Anson Road, 26-08A International Plaza, Singapore 079903
Why Choose Us
- Expert Local Trainers
- Hands-on Training by experts
- Certificate of Achievement
SSG Course Details
- TGS-2023040965
- Mode of Training - Physical, in-class training
- Course Subsidy Validity - From 26 Dec 2023 to 25 Dec 2025
- Register Now
Who Should Attend This WSQ Fundamentals of Bookkeeping and Accounting Course
Anyone who handles financial records, processes invoices, manages petty cash or supports an accounts team at work will find this accounting training Singapore course directly useful. It is also a good starting point for business owners who want to understand their own financials better and beginners who are stepping into an admin or finance related role for the first time. No prior accounting knowledge is needed to join this finance and accounting course Singapore.
Business professionals
Analyst
Entrepreneur
Training Professionals
Student
Course Completion Requirements
Minimum 75% attendance is required in order to complete the course and receive the course completion certificate
Above 16 years old
High School Level English
Basic internet & computer operation skills
What Will You Learn WSQ Fundamentals of Bookkeeping and Accounting Course
Four focused areas are covered across 3 days of classroom training in this basic bookkeeping course Singapore:
- Learn how double entry accounting works and record transactions including sales, purchases, receivables, payables and cash correctly
- Record inventories, accruals and prepayments in line with the financial events they relate to
- Put together a basic cash flow statement that captures all money coming in and going out to support internal reporting
- Understand Singapore's financial reporting regulatory framework and know how to apply its guidelines in your day to day accounting work
Why Learn Bookkeeping and Accounting?
Numbers tell the story of every business, big or small. When you understand how to record and read financial information properly, you stop guessing and start making decisions based on what is actually happening. That is the difference between managing money and just moving it around.
For working professionals, knowing the basics of bookkeeping opens doors across many job roles. Admin staff, operations executives, HR professionals and small business owners all deal with financial records in some form. Having a proper understanding of how those records work makes you more useful in your role and more confident when dealing with financial information at work.
For business owners, understanding double entry accounting and how cash flow statements work means you no longer have to rely entirely on someone else to tell you how your business is doing financially. You can read the numbers yourself and ask the right questions. Singapore also has its own financial reporting framework that businesses are required to follow..
What You Will Achieve After This Course
Walking away from this Bookkeeping and Accounting Course Singapore you will have a clear and working understanding of how financial records are maintained and reported. By the end of the 3 days you will be able to:
- Record double entry accounting transactions correctly across sales, purchases, receivables, payables and cash without second guessing yourself
- Handle inventories, accruals and prepayments and know exactly where they sit in the books
- Put together a basic cash flow statement that gives a clear picture of money coming in and going out
- Read and apply Singapore's financial reporting regulatory framework with confidence in your day to day accounting work
Training fee: WSQ Fundamentals of Bookkeeping and Accounting Course
| Self-sponsor/ Non-SME Company Sponsor | SME Company Sponsor | |||
|---|---|---|---|---|
| Full Course Fee (no funding) |
Age 21-39 S/PRs (SkillsFuture Funding Baseline) |
Age 40 above (SkillsFuture Mid-career Enhanced Subsidy) |
SME Company Sponsor (SkillsFuture Enhanced Training support for SMEs) |
|
| Full Course Fee (bef funding) | $695.00 | $695.00 | $695.00 | $695.00 |
| SkillsFuture Funding (WSQ) | - $0.00 | - $347.50 | - $486.50 | - $486.50 |
| GST (On Full Fee) | + $62.55 | + $62.55 | + $62.55 | + $62.55 |
| Total Payable (After Funding and GST Included) |
$757.55 (After Funding and GST Included) |
$410.05 (After Funding and GST Included) |
$271.05 (After Funding and GST Included) |
$271.05 (After Funding and GST Included) |
Payable amount after WSQ funding is eligible for further support from SFEC, SkillsFuture, PSEA & UTAP where applicable.
Discount policy:
- 4 pax from a same group: 5% discount for each person
- 5 pax from a same group: 10% discount for each person
Assessment Plan:
- Practical Performance: 1 hour
- Written Assessment – Short Answer Question (WA-SAQ): 1 hour
Unsure if this course is suitable for you? Take this Quick test to help you decide.
Grants available
WSQ
Singapore Workforce Skills Qualifications
WSQ : Baseline funding deduction upto 70% for Singaporeans/ PRs. Further SFEC, Absentee Payroll and WSS applicable.
SkillsFuture Eligible
SkillsFuture Credit : Singaporeans can use $500 SkillsFuture Credits for this training to offset the course fees
PSEA
Post-Secondary Education Account
PSEA : are available for Singaporean Citizens to cover the approved fees and charges related to WSQ programs.
SFEC
SkillsFuture Enterprise Credit
SFEC : Eligible companies can offset up to 90% of the payable amount via SFEC
Absentee Payroll
Absentee Payroll Funds : Eligible companies can reimburse $4.50 per hour/pax joining our courses from Absentee Payroll
WSQ Fundamentals of Bookkeeping and Accounting in Singapore Outline
Course modules
- Bookkeeping Fundamental and Double Entry Accounting
- Prepare Basic Cash Flow Statement
- Record Transactions and Events
- Financial Reporting Regulatory Framework
FAQ for WSQ Excel Basic Course in Singapore
What is the WSQ Fundamentals of Bookkeeping and Accounting Course?
The course teaches foundational bookkeeping and accounting principles, including how to manage financial records and prepare basic financial statements.
What if I fail/did not complete the assessment?
If you fail or do not complete the assessment, you will be marked as non-competent and will not receive the Statement of Attainment (SOA). Full course fees, including the SSG-funded portion, must still be paid.
What topics are covered in the course?
Topics include bookkeeping fundamentals, journal entries, ledgers, trial balances, and the preparation of financial statements.
How long is the course?
The course duration is 3 days.
Do I need any prior experience in accounting to take this course?
No prior experience is needed; it’s beginner-friendly and covers all basics from the ground up.
Is the course WSQ accredited?
Yes, it is WSQ accredited and aligns with Singapore’s industry standards.
What certification will I receive after completing the course?
You will receive a WSQ certification recognized by employers and industry professionals.
Who should take this course?
Suitable for aspiring accountants, small business owners, and anyone wanting to learn basic bookkeeping and financial management.