From small and modest startups to giant conglomerates with turnovers of millions or billions of Malaysian ringgit, all of them can’t do without the services of an accountant. Accounting is thus among the most looked-for fields of study, not just because of the glamour of being that ‘tough guy,’ but also thanks to its potentially high salary. However, for you to be a professional accountant in Malaysia, you must pass the ACCA examinations.
What is ACCA?
It is an acronym of the Association of Chartered Certified Accountants, a globally-recognised professional body for accountants. Its associate members are spread across over 180 countries. ACCA conducts a series of professional exams – 14 of them, that anyone aspiring to be an accountant will have to pass.
ACCA helps one to acquire the technical know-how and skills needed to thrive in accounting and finance, the kind of skills required in busy financial institutions. Also, a person gets to earn skills and expertise in organisational management and strategy. After a person completes the professional exams along with the Ethics and Professional Skills module and receives at least three years of working experience, he/she will become a Chartered Certified Accountant.
Why study ACCA?
- It’s arguably the most widely recognised professional accounting qualification in the world.
- ACCA works together with over 8,500 approved companies all over the world.
- You can be a part-time student or a full-time student and still pass and graduate.
- Passing this exam is just about having the key to endless job opportunities.
- You can end up being: Business Analyst, Auditor, Chief Financial Officer, Credit Analyst,
Investment Banker, Financial Accountant, Financial Controller, Fund Manager, Forensic
Accountant, Research Analyst and Tax Consultant.
How You Can Achieve Your Dream as a Professional ACCA Accountant in Malaysia
Route #1: Bachelor’s Degree Qualification
With your undying love for mathematics, you can suitably apply and earn a degree in Accounting. This particular degree will allow you to handle a plethora of topics, mostly touching on financial and non-financial topics in accounting.
Also, the degree will allow you to access and sit for the Association of Chartered Certified Accountants (ACCA) exams. Three years of professional practice after earning your ACCA certificate and you will have earned your place in the Professional ACCA Accountants’ world.
Route #2: Going for the ACCA Exams directly
The 4-year academic degree period is a bit too long and can be tiring. You are allowed to pursue the ACCA qualification immediately after your SPM, and you will just spend a total of three years!
Qualifications: Entry Requirements to Study ACCA in Malaysia
- A-Level – having a minimum of 2Es and 3 Credits in SPM, including Mathematics and English.
- STPM – having a minimum 2Cs and 3 Credits in SPM including Mathematics and English.
- Australian Matriculation – having a minimum of ATAR 70 and 5 Credits in SPM including Mathematics and English.
- UEC – 5Bs including Mathematics and English.
Where to study ACCA in Malaysia
Almost all recognized universities do offer ACCA exams, with the difference being the fees and other privileges needed to pass the tests. One perfect place to study for these exams and pass without paying much is Kasturi School of Accountancy. Check them out!