Complete Guide to Accounting Degree in Malaysia
If you're someone who is detail-orientated, organized and likes stability, you might want to consider a degree in Accounting. Accounting is essentially book-keeping for a business, and involves being in control of the finances.
What is Accounting?
Accounting is the systematic and comprehensive process of recording, classifying and reporting financial information of a business. This basically means that accountants help businesses make important decisions using financial data. Accounting is also vital in making sure a business complies with taxation and audits.
Accountants are highly in demand world-wide, and have global recognition so they can work everywhere. Accountants work with investors, managers and regulators, as well as governments.
Various Fields of Accounting
Accounting is divided into several specialties:
|Auditing & Assurance
||The examination of books, accounts, statutory records, documents and vouchers of a business / economic organisation to make certain the financial statements present a true and fair view.
||The summary, analysis and reporting of financial transactions of a business organisation.
||The use of accounting information with management analysis to make informed decisions that affect management and business direction.
||A focus on tax law and taxation within businesses to help businesses with their accounting reports and tax returns, freeing them to focus on the business operations.
How is an Accounting Degree structured in Malaysia?
- 3 - 3.5 years degree program
- ACCA / CIMA / MICPA paper exemptions
- Internship opportunities at 'Big 4' firms
An accounting degree in Malaysia produces students who are qualified to manage the financial records and transactions of an organisation. Most universities build an internship opportunity within the course, allowing students a pathway to the 'Big 4' firms which lends credibility to their resumes and degrees.
Upon completion, students can continue in either ACCA, MICPA or CIMA to get a professional certification that enters them into a global certified community. It is requires an additional study period of 1 to 2 years, that can be reduced via exemptions from the accounting degree. Most people work and study at the same time to gain their professional qualification.
Some accounting degree courses include ACCA certification as part of its program. So be sure to check with the university you wish to attend before making an application.
Subjects in an Accounting Degree
In the 1st year, core subjects are covered:
- Business Law
- Finance and Investment
- Financial Accounting
- Management Principles
- Quantitative Methods
In 2nd and 3rd years, core subjects are explored in depth and is paired with electives that depend on the student's field of interest.
Why should you study Accounting in Malaysia?
- Wide range of career options. Accounting is the basis of business, and can be used to go into tax accounting, financial management, auditing and management consulting. It is limitless.
- In-demand worldwide: All organizations across every industry are in need of accountants. Many countries import accountants from overseas, so you will be able to secure a job almost anywhere in the world.
- Home to 10 Platinum ACCA ALPs. Malaysia is host to a total of 32 Approved Learning Providers (ALPs) that is approved by ACCA Global. 10 of these institutions have been awarded platinum, the highest possible distinction.
Is an Accounting Degree your ideal choice?
This degree is definitely for you if…
- If you want to be an auditor for an accounting firm.
- You enjoy book-keeping, regulation and keeping track of things.
- You want to get paid for being organized and detailed
This degree might be for you if…
- You prefer managing finances or being aware of what goes in under-the-hood of a business.
- You want to be an asset in the business world. AWith the increase in regulations pertaining to business, there is an increase for the demand for good accountants.
This degree might not be for you if…
- You prefer flexibility in processes and do not like paperwork.
- You do not like dealing with details and find it difficult to adhere to deadlines.
Career options with an Accounting Degree in Malaysia
After graduating with an accounting degree, you can pursue one of the following careers:
- Chief Financial Officer (CFO)
- Financial Controller
- Investment Banker
- Risk Management Consultant
- Tax Advisor
You can also pursue several others related careers outside of the accounting fields:
- Business Development
- Financial Services
- Media & Advertising
- Market Research
- Real Estate
Entry requirements for this programme
- A Level: Minimum CDD (including Mathematics)
- AUSMAT: Minimum ATAR 65.0