What will you Study in an Accounting Degree Course at Private Universities in Malaysia

Accounting

Studying the Accounting Programme in Malaysia

If you have a talent for numbers and want to understand how accounts and finance drive successful global organisations, you’ll find the Accounting degree programme at a private university in Malaysia deeply satisfying and provide you with a pathway to a highly valued career with high job demand and salary.

Accounting is the study of how businesses track their income and assets over time. Accountants complete many tasks besides preparing financial statements and recording business transactions including computing costs and efficiency gains from new technologies, participate in the set up for acquisitions and mergers, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.

A degree in accountancy will certain give you a wide variety of career options in Malaysia once you graduate. A top ranked university will have the experience and resources to equip you with the necessary knowledge and skills to succeed in the competitive workforce. Therefore, you should choose a reputable university in Malaysia to study the Accountancy degree. A solid education experience within an English-speaking student environment at a top private university in Malaysia for your accounting degree programme will set you on your way to a successful career.

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Why You Should Study at the Best Private Universities in Malaysia for Accounting

"I was confused and had some questions. EduSpiral met up with me and my mum to explain more about the course and helped me choose the right course."
“I was confused and had some questions. EduSpiral met up with me and my mum to explain more about the course and helped me choose the right course.”
Gary, Accounting Graduate from University of Wollongong Malaysia (UOWM) KDU

Studying the degree in accounting will set you up with a flexible and potentially lucrative career in Malaysia and globally. Students will learn how to manage a company’s money and play a critical frontline role in managing the economic impact of downturns, and helping clients to adapt business models in uncertain and changing circumstances.

In order to succeed in the competitive field of accountancy, students must choose the best universities in Malaysia to study. The best university doesn’t necessarily mean the most expensive.

Students should choose the right university that fits them which has a good reputation for business programs, excellent facilities, top lecturers and an English-speaking student environment.

If you want to work for the Big 4 Accounting Firms – KPMG, Deloitte Touche Tohmatsu, PricewaterhouseCoopers and Ernst & Young, you will need to achieve great results and be able to communicate well in the English language. Other top accounting firms in Malaysia that you can work for are BDO, Grant Thornton, Baker Tilly MonteiroHeng, DFK International and Halim & Lee.

Part of finding the right college or university in Malaysia for you will be picking out the criteria that matters to most to you, and then seeing if any of the top private colleges or universities in Malaysia that you’re looking at fit those criteria.

Choosing a university to study in Malaysia is one of the most important decisions you will make in your life. Your decision will be influenced by many criteria such as the reputation & ranking of the university, accreditation of its courses, the suitability of the course against your academic results and career goals, tuition fees, quality of lecturers, facilities, friends & family, and more.

Furthermore many of the top private universities in Malaysia offer similar courses therefore making your decision a challenging one! To help you develop a good list of criteria, you need to talk to the right counselors or education consultant who are knowledgeable and experienced.

Who Should Study Accounting in Malaysia?

My mother chatted with EduSpiral for months from Brunei & gathered the information. Finally, we made a trip to visit the universities and EduSpiral helped us to choose the right university Wei En, Accounting at Taylor's University
My mother chatted with EduSpiral for months from Brunei & gathered the information. Finally, we made a trip to visit the universities and EduSpiral helped us to choose the right university
Wei En, Accounting at Taylor’s University

Students who like maths or accounting subjects. A strong interest in money and finances. Generally, the person is very organised, neat, and likes things to be in order. They are introverts, shy, quiet, and able to focus and concentrate to get work done well.

They are perfectionists and makes sure that anything done, is fully completed on time.

It is also normal for science stream students to go into accounting courses but you should be good in modern maths or add maths. It can be difficult at first because you are learning a lot of ideas, rules, and procedures that are specific to accounting and that are new to you.

Studying accountancy is not like reading a novel or even like studying history, psychology, or economics. This is a technical subject, it is logical, and it requires reasoning.

Accountancy students should try to be able to say, “I understand why they do that.” If you can understand “WHY” in accounting, there is very
little to memorize.

Even though you understand “why they do that” in accountancy, you must be able to do it yourself. Accountancy is a practical “do-it-yourself” course.

What are the Subjects in an Accounting Degree at a Private University in Malaysia?

Diploma in Accounting Graduate from Asia Pacific University (APU)
After I finished my SPM, I felt confused about my further study. Eduspiral, was so patient to answer all my questions and took us around for a campus tour.
Hui Ying, Diploma in Accounting Graduate from Asia Pacific University (APU)

Accounting degrees usually include a combination of compulsory and elective modules that are designed to provide you with an all-round learning experience. The electives are usually subjects from related fields that you choose based on your interests.

In addition to these, assignments, projects and dissertations are a key part of the overall learning experience. Some subjects in accounting at the undergraduate  level include:

  • Management
  • Introductory Accounting
  • Statistics
  • Microeconomics
  • Marketing
  • Management Accounting
  • Business Communication
  • Macroeconomics
  • Cost Accounting
  • Business Law
  • Accounting Information Systems
  • Financial Management
  • Financial Accounting
  • Business Research Methods
  • Management Accounting
  • Taxation
  • Company Law
  • Management Ethics
  • Auditing
  • International Business
  • Entrepreneurship
  • Strategic Management
  • Accounting Theory and Practice
  • Financial Statement Analysis

Education Pathway

With at least 5 credits including Maths & English in SPM or IGCSE/O-Levels students can go for the Foundation in Arts or Foundation in Business at the best private universities in Malaysia. After that, they can enter into the 3-year accounting degree programme.

Alternatively, students with 3 credits including Maths & English in SPM or IGCSE/O-Levels may enter into the Diploma in Accounting for 2 years. Upon completion of the Diploma, students can enter into Year 2 of the Accounting Degree with advanced standing.

Students who possess Pre-University qualifications with at least 60% average or a CGPA of 2.5 in the Foundation in Business may enter into Year 1 of the Accounting degree.

MUET and English Requirements for Accounting Degree in Malaysia. Please note that the Government has made it compulsory that all students must have a credit in SPM or O-Level English and also MUET Band 2 / IELTS 4.0 / TOEFL iBT 30 before entering into an Accounting degree programme in Malaysia.

What are the Entry Requirements to Study Accountancy in Malaysia?

Accounting graduate from Asia Pacific University (APU)
“I met up with EduSpiral about 4 times in Ipoh & at Asia Pacific University to discuss about my future. He provided me with in-depth information and even arranged for me to meet up with the Head of School at APU to talk to me.”
Kar Jun, Accounting graduate from Asia Pacific University (APU)

With at least 5 credits in SPM, IGCSE or O-Levels,  students can go into the Foundation in Business  or Foundation in Arts for a year and then continue into the Accountancy degree for 3 years.

The other way is to go for the Diploma in Business or Diploma in Accounting for 2 years and then enter into the Degree in Year 2 to finish that in another 2 years. You will need at least 3 credits in your SPM, IGCSE or O-Levels to join the diploma.

Students who have completed a Pre-University Programme may enter the Accountancy degree with the requirements as listed below:

  • 2 Principal Passes with a minimum Grade C+ (GP 2.33) at STPM level and with a Credit Pass at SPM including Mathematics and a Pass in English at SPM
  • 2 Passes with Grade C & Above at ‘A’ Levels and with a Credit Pass at ‘O’ Levels / GCSE including Mathematics and a Pass in English
  • Foundation or equivalent with CGPA of 2.5 and Credit in Mathematics at SPM/O-Level and a Pass in English
  • 5 Grade B’s in UEC including Mathematics
  • Canadian Pre-University (CPU) with minimum average of 50%
  • Australian Matriculation (AUSMAT) with minimum average of 60%
  • South Australian Matriculation Certificate (SAM) with minimum of 60%
  • International Baccalaureate with minimum 24 marks
  • Victorian Certificate of Education with minimum average of 50%
  • Ontario Secondary School Diploma with minimum average of 50%

Note: The entry requirements stated are for reference purposes and each university in Malaysia have their own entry requirements and may differ. Please contact us at 01111408838 for the specific entry requirements.

What is the Duration of an Accounting Degree in Malaysia?

An accounting degree at a private university is 3 years long. However, some semi-government private universities may offer the 4-year accounting degree that’s recognised by the Malaysian Institute of Accountants (MIA) therefore they can become Chartered Accountants without having to take the accounting professional papers.

What are the Types of Accounting related jobs in Malaysia?

Accounting jobs can be categorized into the following four major areas:

  1. Audit.
    • Audit involves checking accounting ledgers and financial statements to verify its accuracy and detect fraud and inconsistency. Public listed firms are required by law to do yearly to verify its financial reports in order to safeguard publics’ money. Budget Analysis. Budget analysts are responsible for developing and managing an organizations financial plans.
  2. Financial Accounting.
    • Financial accountants prepare financial statements based on general ledgers and participate in important financial decisions involving mergers & acquisitions, benefits/ERISA planning and long-term financial projections.
  3. Management Accounting.
    • Management accountants work in companies and participate in decisions about capital budgeting and line of business analysis. Major functions include cost analysis, analysis of new contracts and participation in efforts to control expenses efficiently.
  4. Tax Accounting
    • Tax accountants prepare corporate and personal income tax statements and formulate tax strategies involving issues such as financial choice, how to best treat a merger or acquisition, deferral of taxes, when to expense items and the like.

Where do Accountants work in Malaysia?

Essentially, an accountant can find himself or herself working for any one of the following places:

  • Public Accounting Firms. These firms provide accounting, taxation and auditing services to individuals, businesses and government.
  • Corporations. Businesses of all sizes usually have an accountant or accounting department that prepares financial statements, tracks costs, handles tax returns, and works on major transactions.
  • Independent. Working as a self-employed accountant means generating your own business.

What are the Skills required to be successful in the Accounting Job in Malaysia?

Below are some skills you need to have in order to be successful in the field:

  • Communication skills in English
  • Analytical skill
  • Problem solving skills
  • Computer skills
  • Aptitude for mathematics
  • Good business ethics

 

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