A career in Accounting means you will be in charge of inspecting and analysing the monetary data of a client (a company, organisation or individual) for consultation, taxpaying and auditing purposes. The job scope of an Accountant will be to review and manage the company’s financial documents, produce and submit tax documents, determine financial operations and recommend better economic efficiency, as well as the daily operations of funds.
A career in Accounting means you will be in charge of inspecting and analysing the monetary data of a client (a company, organisation or individual) for consultation, taxpaying and auditing purposes. The job scope of an Accountant will be to review and manage the company’s financial documents, produce and submit tax documents, determine financial operations and recommend better economic efficiency, as well as the daily operations of funds.
A career in Accounting is no joke. You will have to face numbers every single day, learn up formulas on excel and other accounting softwares. If you’re one that never gets tired of calculation and don’t mind spending the rest of your life doing that, then this one’s for you!
As mentioned before, an Accountant will have a heavy workload. As such, you’ll need to manage your time wisely to avoid delaying your deadline or cause others to complete later than expected. You might have to work over-time, depending on your time management skills.
Have you always loved watching mystery movies, solving puzzles or riddles? Were you one of the first ones to solve it or figure something is wrong? A career in Accounting would require you to have problem solving skills as the accounts will not always tally. Yes, this also means you need to have a sharp eye to notice any errors.
A diploma, CAT or LCCI qualifications would be fine but it would be best to complete a Bachelor’s Degree, ACCA, MICPA, ICAEW or CIMA qualifications to receive a better salary and job prospects.
Work hours are standard office hours, but it would be based upon how much work is left, and it would increase during critical periods such as the end and beginning of every year.
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Most top Accounting firms want to hire Chartered Accountants but a fresh Bachelor’s Degree graduate can also apply for it. Most students opt to work at the company while studying for their professional qualification. In a few years, they will be able to obtain the title of a Chartered Accountant and be a member of the Malaysian Institute of Accountants (MIA). Once you have your qualifications, you would continue to work with the same employer.
After you have gained enough experience, you may have the chance to move up the corporate ladder. You may also change your career path to other jobs related to this field such as an Internal Auditor or Business Analyst.
The career prospects in the accountancy field remains afloat and might even be in higher demand over the next few years as Malaysia navigates towards becoming a high income nation. By 2020, 60,000 finance talents are needed, according to industry forecasts. Whether it is a small firm or a big conglomerate, more Chartered Accountants are always required.
In specific fields, the Malaysian government will need more Forensic Accountants to fight off corruption. Corruption cases are expected to multiply from last year’s 20 to 80 cases this year. This, according to the Malaysian Anti-Corruption Commission, calls for more forensic accountants.
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