After students obtain their degrees in accountancy, they can pick from a list of professional courses to undergo in order to become accounting professionals and charted accountants.
Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body that provides comprehensive training to become a professional accountant. Subjects such as corporate and business law as well as business planning and financial development are part of the module to become a Chartered Certified Accountant (designated ACCA and FCCA).
Those who intend to complete ACCA will have to complete 14 exams (9 of which can be exempted for those who have done previous accounting degrees), relevant practical experience with a minimum of 3 years, and an online Professional Ethics Module.
After qualifying, all members are required to take relevant Continuing Professional Development (CPD) courses to ensure they maintain and develop the knowledge and skills needed to succeed in today's dynamic and demanding business environment. ACCA members may join the accounting body to train and develop accounting skills.
ACCA candidates can apply to become a member of the Malaysian Institute of Accountants (MIA) to be able to establish own public practices and carry out services such as accounting, audit, liquidation, and tax.
Opportunities for employment in an array of organisations, including SMEs, public-listed companies, accounting firms, government-linked companies and multinational companies are high. Those successful will be functioning in the roles of:
- chief financial officer
- forensic accountant
- finance director
- senior internal auditor
- senior executive, or
- business advisor
After SPM (with a minimum of 5 credits including Mathematics) students can pursue the Certified Accounting Technician (CAT) qualification to gain solid foundation in finance and accounting and will be granted the CAT designation to their names upon passing nine exams and a year’s practical experience. Following which, students can use the CAT qualification to pursue the ACCA Professional Scheme, in order to become a Chartered Certified Accountant.
One can gain exemption from CAT and register directly for the ACCA Professional Scheme if they have a relevant degree from ACCA-accredited institutions.
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Did you know?
- ACCA has a Mutual Recognition Agreement (MRA) with the Malaysia Institute of Certified Public Accountants (MICPA).
- As an accountant with an ACCA qualification, one can earn from RM30,000 to RM60,000 per annum.
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