Accounting

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Do you have a love for numbers? Do you enjoy calculations, ensuring the balance is just right?

If you answered yes, your calling is the world of accountancy. A degree enabling you to provide information about the financial position of an organization. Without an accountant in the midst, organisations in every industry cannot make informed decisions which directly impact their daily business operations. In layman terms, you ensure money flows in and out and everyone is happy.

Pathway
If your path is accountancy, gaining membership at the Malaysian Institute of Accountants (MIA) is a must!
A chartered accountant is someone who has completed a recognized academic programme; completed practical experience programme and completed a professional competence programme.
Subject Focus
SPM

  • Principles of Accounting
  • Mathematics
  • Trading
  • Basis of Economy

University Level:

  • Accounting
  • Business Law
  • Taxation Law
  • Company Accounting
  • Organisations and Management
  • Accounting Systems
  • Management Accounting
  • Professional Practice in Accounting
  • Ethics, Sustainability and Culture
  • Business Statistics
  • Business Economics
  • Strategic and Sustainable Accounting
  • Auditing and Assurance Services
  • Accounting Theory
  • Financial Management
Personality Type

These personality type codes serve ONLY as a guideline and can be taken with a pinch of salt. Always consult with your school counselor or ask our experts for further guidance!

Myers-Briggs:

 ESTJ (Extroverted, Sensing, Thinking, Judging)

When one is dealing with numbers, one must think 5 steps ahead to ensure a profitable beginning and end.

Find your Myers-Briggs personality type here.

Holland Vocational Code:

CE (Conventional, Enterprising)

Numbers are black and white, but does not mean you must be. You are just following a standard set of rules.

Find where you belong in the RIASEC model here.

Career Info

As an accountant, you may further your career and become a Finance Manager before branching into either becoming a Financial Controller, Senior Finance Manager or even a Finance & Administration Manager to finally becoming a Chief Financial Officer (CFO).

Major companies active in Malaysia’s industry include:

  • PricewaterhouseCoopers
  • Deloitte
  • KPMG
  • Ernst & Young
  • BDO
  • Grant Thornton
  • Crowe Horwarth International
Salary
Entry Level: RM 2,000 to RM 3,500Professional: RM 4,500 to RM 6,500

Job Demand

Malaysia:

Malaysia needs about 60,000 accountants to become a developed nation by 2020. As Malaysia navigates towards becoming a high income nation, more chartered accountants are needed to drive the country’s economic growth.

Overseas:

Despite the economic downturn, demand for accountants remains strong. Additionally, in some places there has been a fall in the number of people taking up accounting in the last 2-3 years which will have the impact of creating even more opportunity for those choosing to enter the profession now.

Tougher trading climates also make the financial insight provided by chartered accountants even more valuable. As the adoption and updating of International Financial Reporting Standards (IFRS) gathers speed, qualified accountants will be needed in increasing numbers to help organisations interpret and apply these complex standards.

Becoming Professional

You must obtain at least three years related working experience in accounting, business or finance before they apply for MIA membership to become a full-fledged `ACCOUNTANT’ or `Chartered Accountants Malaysia , C.A. (M)’.

To facilitate aspiring accountants out there to gain relevant working experience after completing their studies, MIA has created a Chartered Accountants’ Relevant Experience (CARE) Programme. This programme provides guidance and sets out range of competencies that need to be obtained by aspiring accountants before they can become C.A. (M). Under this CARE programme, a mentor will be appointed to supervise CARE candidate until the person completed the three years required working experience.

USEFUL LINKS TO ORGANISATIONS

Regulatory Body
Malaysian Institute of Accountants

Professional Bodies
ACCA
CIMA
ICAEW

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