Study Top Accounting Diploma & Degree Courses at the Best Private Universities in Malaysia
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With at least 5 credits in SPM or O-Levels students can go for the Foundation in Arts or Foundation in Business at the best private universities in Malaysia. After that, they can enter into the 3-year accounting degree programme. Alternatively, students with 3 credits in SPM or O-Levels may enter into the Diploma in Accounting for 2 years. Upon completion of the Diploma, students can enter into Year 2 of the Accounting Degree with advanced standing.
Students who are weak in English should go for an accounting course at a top private university in Malaysia where the degree is exempted from the 9 papers of the ACCA. Upon graduation, you find a job and then take the final 5 papers of the ACCA to become a chartered accountant.
Students should choose top universities in Malaysia that has an English-speaking environment so that it will help you to improve your language skills. Good English is important to obtain higher salaries and faster promotions in Malaysia. English-speaking environments promote critical thinking, problem-solving and leadership skills which enhance your career prospects.
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Best Accounting Diploma & Degree Programmes in Malaysia
- After I finished my SPM, I felt confused about my further study. Eduspiral, was so patient to answer all my questions and took us around for a campus tour.
Hui Ying, Diploma in Accounting at Asia Pacific University
In order to succeed in the competitive field of accounting, students must choose the best universities in Malaysia to study. The best university doesn't necessarily mean the most expensive. Students should choose the right university that fits them which has a good reputation for business programs, excellent facilities, top lecturers and an English-speaking student environment.
To be a registered chartered accountant in Malaysia, you must be a member of the Malaysian Institute of Accountants (MIA), which is the regulatory body for accountants in Malaysia. Members of ACCA, CIMA, CPA Australia, ICAA, ICAEW and MICPA are eligible for MIA membership.
Upon completion of the accounting degree programmes, graduates will have 9 paper exemptions from the total of 15 ACCA papers. I would recommend students who are weak in the English language to go for the accounting degree course first and then only pursue the ACCA. The ACCA is exam-based and marked in the UK.
Students can choose from the following top private universities in Malaysia for their accounting diploma or degree programmes.
Students who like maths or accounting subjects. A strong interest in money and finances. Generally, the person is very organised, neat, and likes things to be in order. They are introverts, shy, quiet, and able to focus and concentrate to get work done well.
They are perfectionists and makes sure that anything done, is fully completed on time.
It is also normal for science stream students to go into accounting courses but you should be good in modern maths or add maths. It can be difficult at first because you are learning a lot of ideas, rules, and procedures that are specific to accounting and that are new to you.
Studying accounting is not like reading a novel or even like studying history, psychology, or economics. This is a technical subject, it is logical, and it requires reasoning.
Accounting students should try to be able to say, "I understand why they do that." If you can understand "WHY" in accounting, there is very
little to memorize.
Even though you understand "why they do that" in
accounting, you must be able to do it yourself. Accounting is a practical "do-it-yourself" course.
Not a lot of math is needed to study accounting. A working knowledge of arithmetic and a small amount of basic algebra will allow a student to successfully complete any introductory accounting courses, which are described below.
The reason for this is that although accounting information consists of numerical data, the math tools used to record the numerical data are very simple, really just addition and subtraction.
The reason that you need to know a little more math than this (see below) is that doing accounting requires first analyzing transactions before recording them. It is the initial analysis of transactions to determine correct amounts to record that requires the basic math skills that you see below. Only at very advanced professional levels would you need more math than this.
The subject of “accounting” consists of three key elements: accounting theory (underlying concepts), principles (rules) for how to apply the concepts, and the specific procedures that implement the rules. The type of introductory class that you take will determine which of these elements receives the most emphasis.
For example, bookkeeping classes emphasize procedures, particularly for recording and organizing financial data. Accounting principles classes or basic accounting classes usually provide a more balanced content that includes all three elements.
These classes provide a less specialized, broader understanding and the opportunity for some study of financial statements and the use of accounting information. Introductory financial accounting concentrates more on theory and principles and the preparation and use of financial statements.
To be a registered chartered accountant in Malaysia, you must be a member of the Malaysian Institute of Accountants (MIA), which is the regulatory body for accountants in Malaysia. Members of ACCA, CIMA, CPA Australia, ICAA, ICAEW and MICPA are eligible for MIA membership.
Upon completion of the accounting degree programmes, graduates will have 9 paper exemptions from the total of 15 ACCA papers. I would recommend students who are weak in the English language to go for the accounting degree course first and then only pursue the ACCA. The ACCA is exam-based and marked in the UK.
Students can choose from the following top private universities in Malaysia for their accounting diploma or degree programmes.
- My mum contacted EduSpiral to help advise me on which course & university to choose as I was quite confused. He took us to visit the universities & helped guide me to make the right choice.
Bryan Yap, Foundation in Business at Heriot-Watt University Malaysia
- Top ranked universities in Malaysia for Accounting degree programmes with ACCA exemptions are Curtin University Sarawak, Asia Pacific University, KDU University College Utropolis Glenmarie, UCSI University, HELP University & KDU Penang University College.
- Malaysia's best universities for Accounting and Finance degree courses with ACCA exemptions are Heriot-Watt University Malaysia, Asia Pacific University, Taylor's University, Curtin University Sarawak, HELP Academy, UCSI University & First City University College
- First rate universities in Malaysia for students after SPM or O-Levels to study Diploma in Accounting programmes are Asia Pacific University, KDU University College Penang, HELP College of Arts & Technology and KDU University College Utropolis Glenmarie
Who should study accounting in Malaysia?
- EduSpiral took these students separately to tour the campus and provided course counseling to help them make the right choice. Kian Yong (Mechanical Engineering), Yammie (Business), & Kenneth Pang (Architecture) at UCSI University's Orientation
They are perfectionists and makes sure that anything done, is fully completed on time.
It is also normal for science stream students to go into accounting courses but you should be good in modern maths or add maths. It can be difficult at first because you are learning a lot of ideas, rules, and procedures that are specific to accounting and that are new to you.
Studying accounting is not like reading a novel or even like studying history, psychology, or economics. This is a technical subject, it is logical, and it requires reasoning.
Accounting students should try to be able to say, "I understand why they do that." If you can understand "WHY" in accounting, there is very
little to memorize.
Even though you understand "why they do that" in
accounting, you must be able to do it yourself. Accounting is a practical "do-it-yourself" course.
Does the Accounting course require a lot of Math?
- "I went for EduSpiral's Change Your Life Education Fair at Kinta Riverfront in Ipoh after my SPM exams. Even after the fair I still had questions and he met me and my mother at Old Town to explain further. We decided to register at KDU because through much discussion with EduSpiral we found that it is the best university that fit my needs."
Gary Ng (Right), Accounting at KDU University College with Jun Sern, Mass Comm
The reason for this is that although accounting information consists of numerical data, the math tools used to record the numerical data are very simple, really just addition and subtraction.
The reason that you need to know a little more math than this (see below) is that doing accounting requires first analyzing transactions before recording them. It is the initial analysis of transactions to determine correct amounts to record that requires the basic math skills that you see below. Only at very advanced professional levels would you need more math than this.
The subject of “accounting” consists of three key elements: accounting theory (underlying concepts), principles (rules) for how to apply the concepts, and the specific procedures that implement the rules. The type of introductory class that you take will determine which of these elements receives the most emphasis.
For example, bookkeeping classes emphasize procedures, particularly for recording and organizing financial data. Accounting principles classes or basic accounting classes usually provide a more balanced content that includes all three elements.
These classes provide a less specialized, broader understanding and the opportunity for some study of financial statements and the use of accounting information. Introductory financial accounting concentrates more on theory and principles and the preparation and use of financial statements.
Exemptions from the ACCA for Degree in Accounting Graduates in Malaysia
- EduSpiral emphasised the importance of having good English for our future career. I am glad to join a globalised university which has helped me to improve my communication skills.
Vincent Yeoh, Accounting & Finance at Asia Pacific University
Generally, an Accounting degree from a university can gain exemptions until the final 5 papers of the ACCA. A maximum of nine papers at the Fundamentals level of the ACCA Qualification can be awarded.
To preserve the integrity and rigour of the ACCA Qualification and to ensure that all students share a common experience, ACCA does not award any exemptions at the Professional level.
ACCA PROFESSIONAL LEVEL (Final 5 papers)
Essentials Module
P1 Governance, Risk and Ethics
P2 Corporate Reporting
P3 Business Analysis
Essentials Module
P1 Governance, Risk and Ethics
P2 Corporate Reporting
P3 Business Analysis
Options Module (any 2 papers)
P4 Advanced Financial Management
P4 Advanced Financial Management
P5 Advanced Performance Management
P6 Advanced Taxation
P7 Advanced Audit & Assurance
P6 Advanced Taxation
P7 Advanced Audit & Assurance
Becoming a Chartered Accountant in Malaysia
To be a registered chartered accountant in Malaysia, you must be a member of the Malaysian Institute of Accountants (MIA), which is the regulatory body for accountants in Malaysia. Members of ACCA, CIMA, CPA Australia, ICAA, ICAEW and MICPA are eligible for MIA membership.
Becoming a Chartered Accountant in Malaysia through ACCA Membership
ACCA affiliates, with a minimum of 3 years of relevant supervised practical experience (which may be pre-, during or post-examination / studies), are required to submit their Practical Experience Requirement (PER) to ACCA to demonstrate sufficient competency to merit membership. The standard of competence required consists of a range of technical, management and personal skills which are essential for all aspiring members.
Upon approval, ACCA graduates may add the prestigious designatory initials ACCA to their names. They may also apply for membership to the Malaysian Institute of Accountants (MIA) and use the designatory initials ‘Chartered Accountant (Malaysia)’.
Upon approval, ACCA graduates may add the prestigious designatory initials ACCA to their names. They may also apply for membership to the Malaysian Institute of Accountants (MIA) and use the designatory initials ‘Chartered Accountant (Malaysia)’.
Becoming a Professional Accountant in Malaysia
Presently, Malaysia has about 7.5 million Accountants. The country requires another 60,000 Accountants to fulfill Vision 2020.
- Ling posing with Acting Dean of School of Business Associate Professor Curtin University Sarawak Pauline Ho Poh Ling at the MICPA award ceremony.
All Accountants have to abide by a strict code of ethics and maintain high professional standards. All practising accountants must register with the Malaysian Institute of Accountants (MIA).
The Accountant Act, 1967 recognises an Accountant as one who is a member of MIA. MIA members can either be registered as Registered Accountants, RA(M) or Public Accountants, PA(M).
After SPM, with 5 credits, students can go into the Foundation in Business for a year and then continue into the degree for 3 years. The other way is to go for the Diploma in Business or Accounting for 2 years and then enter into the Degree in Year 2 to finish that in another 2 years. You will need at least 3 credits in your SPM to join the diploma.
After your degree, you can find a job and then take the final papers of the ACCA part time.
Professional Recognition for Accountants in Malaysia
- My friend introduced me to EduSpiral. He helped me to make the right choice.
Wai Hou, Diploma in Accounting at Asia Pacific University
- Association of Chartered Certified Accountants (ACCA), UKUpon completion of the BA (Hons) Accounting & Finance degree, students are eligible for exemption from a maximum of 9 papers.
- Certified Practising Accountant (CPA), AustraliaUpon completion of the BA (Hons) Accounting & Finance degree, students are exempted from the Foundation Level and they can proceed with the Professional pathway (6 subjects).
- Malaysian Institute of Accountants (MIA)Upon completion of the BA (Hons) Accounting & Finance with 3 years relevant working experience plus completion of Professional qualification (ACCA or CPA), students are eligible to apply for membership of the MIA.
Setting up a Public Practice in Malaysia
- My friend introduced me to EduSpiral because for a long time after SPM I still did not know what and where to study. EduSpiral took time to explain the courses to me and even took me around the university for a tour.
Yammie Chau, Diploma in Business at UCSI University
Public practice is governed by the Act, the Rules and the By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants.
Under the Act, the person must be a member of the Institute, and is prohibited from public practice through a body corporate save where this is allowed by other statutes for limited areas of public practice, namely tax.
A member, in most instances, is allowed to be engaged in public practice as a sole practitioner or in partnership only with another member(s) as the Act and By-Laws prohibits the sharing of profits with non-members. All firms in public practice are described as firms of chartered accountants (or licensed accountants, where applicable).
Only members registered as chartered accountants with valid practising certificate can describe and hold themselves out as chartered accountants in public practice and are able to set up firms providing public practice services.
Members in public practice may carry out public practice services such as accounting, audit, liquidation, tax and other related services. However, the practice of audit, liquidation and tax are licensed under other legislation.
Career Opportunities for Accountants in Malaysia
- EduSpiral met up with me many times to explain the course to me, took me to visit the campus, & even arranged the Head of Department to clear my doubts.
Fung (Right), Accounting at Asia Pacific University
- Chartered Certified Accountants
- Chartered Management Accountant
- Chartered Public Finance Accountant
- Corporate Treasurer
- Internal Auditor
- Tax Advisor
- Tax Inspector
- Credit Manager
- Financial Analyst
- Financial Controller
- Investment Fund Manager
- Risk Management Manager
EduSpiral Consultant Services- Your Personal Online Education Advisor
Established since 2009, EduSpiral Consultant Services helps provide information and counselling on courses and universities in Malaysia.
- "I met EduSpiral at the education organised by them at Kinta Riverfront in December. I was still confused and had some questions. EduSpiral met up with me and my mum at Old Town to explain more about the course. The counselor helped me choose well."
Gary Ng taking the Diploma in Accounting at KDU University College
EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide range of choices for students to choose from. These colleges and universities offer value for money in the quality of education and excellent facilities that you get.
These universities and colleges are chosen by EduSpiral because they represent the best in their fields in Malaysia and affordable. EduSpiral provides in-depth information and counseling on their courses so that students are able to make the right choice.
If you are still not sure what to study, please contact us and we will send you a free EduSpiral Career Assessment Form.
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