SPIN Accountancy 2022

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manpower planning and employment council

It is an initiative under the Manpower Planning and Employment Council (MPEC), Prime Minister’s Office, supported by the Ministry of Finance and Economy and the Brunei Darussalam Institute of Certified Public Accountants (BICPA). It provides funding assistance to local jobseekers and local employees including iReady Apprentices in the private sector who meets the program requirements to acquire professional certification in accounting and finance specifically in Foundation in Accountancy (FIA), Certified Accounting Technician (CAT) and Association of Chartered Certified Accountants (ACCA).

What we are all about

Foundation in Accountancy (FIA)

Aspires graduates desiring to further their qualification to ACCA as well as to further their careers in the field of accountancy by obtaining a qualification awarded by ACCA, a globally recognised professional accountancy body.

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Certified Accounting Technician (CAT)

A full foundation for those looking to pursue a career in the accounting and finance profession. This is a qualification awarded by ACCA, a globally recognised professional accountancy body.

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Association of Chartered Certified Accountants (ACCA)

A global professional accounting body that provides students with a 'Certified Chartered Accountant' qualification. ACCA qualification is a great way to build a career in accounting and finance profession.

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Registration Closed

- The Courses are open to

LOCALS

Bachelor Degree / HND / TVET in relevant field, finance and accounting will be given priority
GCE ‘A’ Level in accounting,
5 ‘O’ Levels with at least credit C in Mathematics and English

LOCALS WITH RELEVANT WORK EXPERIENCES

Locals who have successfully secured employment or i-Ready apprenticeships at the participating private companies such as Registered Audit and Accounting firms, Banks, Financial Institutions, etc.

FUNDING ASSISTANCE

• Tuition Fees (inclusive of exemption fees if any)
• BICPA Membership Registration Fee
• BICPA Annual Membership Fee
• BICPA Academy and ACCA UK Registration Fees
• ACCA UK Annual Subscription Fee
• Examination Fees (inclusive of Exam Re-sit funding)
• CAT Certification Fee
• Ethics and Professional Skills Module (EPSM) Fee
• Transportation Allowance of BND58.00 per month (according to the course duration)

•Subsistence allowance will be given and adjusted according to the level of Brunei
Darussalam Qualification Framework (BDQF) – this is only applicable
to Jobseekers only

Being eligible for the courses

Jobseekers

• Age 18 - 45 years old

• Registered with JobCentre Brunei (JCB)

• Completed the Basic Accounting Workshop (BAW) conducted by BICPA prior to enrollment for FIA and CAT candidates

Local Employees / iReady in the private sectors

• Age 18 - 45 years old

• Full time Employees / i-Ready Apprentice

• Completed the Basic Accounting Workshop (BAW) conducted by BICPA prior to enrollment for FIA and CAT candidates

• Registered & Contributing to Skim Persaraan Kebangsaan (SPK)

• Support Letter from Employers

• Relevant work experience in relevant field, accounting and finance

Candidate's responsibility

1. Candidates who will join the program must sign an agreement form
with the Government
2. Candidates are required to sit for Progress Tests and Mock Exams
as scheduled in the learning plan
3. Local employees and i-Ready apprentices in private sector must
obtain Support Letter from the host organization.
4. Candidates are required to obtain a mentor according to the criteria
set by ACCA to meet the mentorship requirements set for CAT and
ACCA.
5. Candidates are required to complete the course applied with an
attendance rate that must exceed 85%
6. Candidates are required to sit for all the examinations within the
specified period
7. Candidates are required to prepare and submit their study and
exam plans according to the study period set by BICPA Academy.
8. Candidates must give full commitment in completing the training
program successfully
9. Candidates are responsible for informing the MPEC Secretariat if
the participant successfully completes the course including passing all
exams and fulfilling the work experience requirements.
10. Candidates are required to comply with the rules and regulations set
by the MPEC Secretariat.

Withdrawals

• Awarded candidates who wish to withdraw from the programme
must seek permission to obtain permission from the MPEC Secretariat
prior to withdrawal. If they are found to have withdrawn without
permission, actions will be taken including being required to
reimburse the Government for all the costs that were funded for
the programme.

• Candidates are not allowed to withdraw from the programme
before receive permission from MPEC Secretariat.

• If candidates are found to have withdrawn without MPEC Secretariat
permission, actions will be taken including being required to
reimburse the Government for all the costs that have funded for the
course and the candidate will not be considered for SPIN
applications in the future.

Postponement

• Candidates are not allowed to defer their modules and exams
before obtaining permission from the MPEC Secreariat.
How to obtain permission:
• Application letter for the postponement of the course along
with the reasons for postponement.
• Permission to postpone a course from the MPEC Secretariat
and training institutions.

Reimbursement to the government

Awarded candidates under this programme are required to reimburse
the Government for all the costs that have funded for the course
including but not limited to:
• Withdrawn from the course without obtaining permission from MPEC
Secretariat
• Local employees or i-Ready Apprentices that resign from employing
company after being awarded without permission from MPEC
Secretariat
• Did not attend the course without permission & reasonable excuse
• Changes in employment status without informing the MPEC
Secretariat

Failure in studies or repeating a subject

• Candidates who failed are required to report to the MPEC
Secretariat no later than three (3) days after receiving the failed
result
• If candidates are required to repeat the exam paper (re-sit) under
the program, they must obtain permission from the MPEC
Secretariat
• Fees for repeating the examination paper (re-sit) will be borne by
the Government where the maximum number of re-sits are allocated
depending to the level of modules. However, any introductory
modules will not be funded by the Government.
• Payment for the examination for any failed subjects after the
maximum number shall be borne by the candidates where the
candidates are advised to complete their studies until they obtain a
professional certificate.