Study Top Accounting Diploma & Degree Courses at the Best Private Universities in Malaysia
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Students after SPM or O-Levels who are interested in pursuing a career in accounting can just go directly for the Diploma in Accounting course first and then continue on into Year 2 of the Accounting degree at a top private university. I believe that this is the best pathway to become a Chartered Accountant, as you will get a well rounded university education and gain important soft skills during your time at the university. If you are a top student, you can go for the ACCA Accelerated Programme where you can complete the ACCA professional paper during your degree studies. Alternatively, you may complete the accounting degree and then take the final 5 ACCA professional papers full time or part time.
You might also be interested in:
- Best Universities in Malaysia for Top Accounting & Finance Courses
- Best Accounting Degree Courses with ACCA Accelerated Programme at Top Universities in Malaysia
- Best Accounting Degree Courses with Exemptions from Top Professional Bodies in Malaysia
- Best Accounting Degree Courses Offered by Top Ranked Private Universities & Colleges in Malaysia
- Top Accountancy Universities in Malaysia
- Best Recommended Education Pathway to Become a Chartered Accountant in Malaysia
- Studying ACCA Professional Papers vs Accounting Degree in Malaysia
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Top Accounting Diploma & Degree Programmes in Malaysia
Hui Ying, Diploma in Accounting Graduate from Asia Pacific University (APU)
In order to succeed in the competitive field of accounting, 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.
Students who are weak in English should go for an accounting course at a top private university in Malaysia where the degree is exempted from the 9 papers of the ACCA. Upon graduation, you find a job and then take the final 5 papers of the ACCA to become a chartered accountant.
Students should choose top universities in Malaysia that has an English-speaking environment so that it will help you to improve your language skills. Good English is important to obtain higher salaries and faster promotions in Malaysia. English-speaking environments promote critical thinking, problem-solving and leadership skills which enhance your career prospects.
To be a registered chartered accountant in Malaysia, you must be a member of the Malaysian Institute of Accountants (MIA), which is the regulatory body for accountants in Malaysia. Members of ACCA, CIMA, CPA Australia, ICAA, ICAEW and MICPA are eligible for MIA membership.
Upon completion of the accounting degree programmes, graduates will have 9 paper exemptions from the total of 15 ACCA papers. I would recommend students who are weak in the English language to go for the accounting degree course first and then only pursue the ACCA. The ACCA is exam-based and marked in the UK.
Top Private Universities in Malaysia Offering the Best Diploma & Degree in Accounting Courses
Kar Jun (Left), Accounting graduate from Asia Pacific University (APU)
Students can choose from the following top private universities in Malaysia for their accounting diploma or degree programmes.
Top ranked universities in Malaysia for Accounting degree programmes with ACCA exemptions are
- Taylor’s University
- Multimedia University (MMU)
- University of Wollongong (UOW) Malaysia KDU, Utropolis Glenmarie
- HELP University
- UOWM KDU Penang
- MAHSA University
Malaysia’s best universities for Accounting and Finance degree courses with ACCA exemptions are
- Heriot-Watt University Malaysia
- University of Nottingham Malaysia
- Taylor’s University
- Asia Pacific University (APU)
- HELP Academy
- First City University College
First rate universities in Malaysia for students after SPM or O-Levels to study Diploma in Accounting programmes are
What are the Entry Requirements for the Diploma in Accounting in Malaysia?
Gary, Accounting Graduate from University of Wollongong Malaysia (UOWM) KDU
With any 3 credits in SPM or IGCSE O-Levels or UEC including Maths & English and a Pass in BM & Sejarah, you can go for the Diploma in Accounting or Diploma in Accountancy course at a top private university in Malaysia.
After the 2-year diploma, you can continue on to Year 2 of the Degree at the same university or college if the degree course is offered. There is no need to perform exemptions if you continue on to degree at the same university.
How long is the Duration for the Diploma in Accounting?
The Diploma in Accounting course will take 2 years to complete at a private university in Malaysia. It will consist of 6 semesters. There will be 2 long (15 weeks) and 1 short (7 weeks) a year.
What will I Study in a Diploma in Accounting Course in Malaysia?
Haw Chieh (Right), Graduated in Accounting
Below are a sample of some of the subjects that you will study in an accounting diploma course at a private university in Malaysia.
- English for Academic Purposes
- Managing Business
- Numerical Skills
- Practical IT Skills
- Academic Research Skills
- Financial Accounting 1
- Professional Communications
- Quantitative Methods
- Business Economics
- Business Statistics
- Financial Accounting 2
- Marketing
- Accounting Information System
- Business Law
- Financial Accounting 3
- Principles of Finance
- Quantitative Analysis
- Audit & Control Systems
- Basic Taxation
- Cost Accounting
- Financial Accounting 4
- Spreadsheet Modelling Techniques
- Introduction to Money & Banking
- Macroeconomics
- Management Accounting I & II
- Microeconomics
- Principles of Management
- Accounting for Partnership & Special Accounting Procedures
- Accounting Information System
- Accounting Theory & Practice
- Auditing
- Business Statistics
- Commercial Law
- Company Law
- Corporate Accounting
- Corporate Finance
- Critical Thinking & Reading Skills
- Management of Human Resources
- Taxation
Becoming a Chartered Accountant in Malaysia
To be a registered chartered accountant in Malaysia, you must be a member of the Malaysian Institute of Accountants (MIA), which is the regulatory body for accountants in Malaysia. Members of ACCA, CIMA, CPA Australia, ICAA, ICAEW and MICPA are eligible for MIA membership.
Becoming a Chartered Accountant in Malaysia through ACCA Membership
Julian Hum, Graduated in Accounting from Asia Pacific University (APU).
ACCA affiliates, with a minimum of 3 years of relevant supervised practical experience (which may be pre-, during or post-examination / studies), are required to submit their Practical Experience Requirement (PER) to ACCA to demonstrate sufficient competency to merit membership. The standard of competence required consists of a range of technical, management and personal skills which are essential for all aspiring members.
Upon approval, ACCA graduates may add the prestigious designatory initials ACCA to their names. They may also apply for membership to the Malaysian Institute of Accountants (MIA) and use the designatory initials ‘Chartered Accountant (Malaysia)’.
Becoming a Professional Accountant in Malaysia
Chew Ling, Accounting & Finance at Taylor’s University
Presently, Malaysia has about 7.5 million Accountants. The country requires another 60,000 Accountants to fulfill Vision 2020. All Accountants have to abide by a strict code of ethics and maintain high professional standards. All practising accountants must register with the Malaysian Institute of Accountants (MIA).
After SPM, with 5 credits, students can go into the Foundation in Business for a year and then continue into the degree for 3 years. The other way is to go for the Diploma in Business or 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 to join the diploma.
After your degree, you can find a job and then take the final papers of the ACCA part time.
Professional Recognition for Accountants in Malaysia
- Association of Chartered Certified Accountants (ACCA), UK
Upon completion of the BA (Hons) Accounting & Finance degree, students are eligible for exemption from a maximum of 9 papers. - Certified Practising Accountant (CPA), Australia
Upon completion of the BA (Hons) Accounting & Finance degree, students are exempted from the Foundation Level and they can proceed with the Professional pathway (6 subjects). - Malaysian Institute of Accountants (MIA)
Upon completion of the BA (Hons) Accounting & Finance with 3 years relevant working experience plus completion of Professional qualification (ACCA or CPA), students are eligible to apply for membership of the MIA.
Top Criteria to Consider When Choosing the Best Private University in Malaysia for the Degree or Diploma in Accounting that Fits You
Gary, Accounting Graduate from University of Wollongong Malaysia (UOWM) KDU
- Is the accounting course recognised by the professional accounting bodies for exemptions?
- Is the Accounting course popular at that university? Quality/reputation/ranking of the private university in Malaysia
- Are the courses recognised and approved by the Ministry of Education Malaysia?
- Are the courses accredited by the Malaysian Qualifications Audit (MQA)?
- Subjects offered in the diploma or degree (Are they relevant, up-to-date, and help you to achieve your career goals)
- Does the university have a strong internship or Co-Op programme?
- Do they have enough students to start a class?
- How many students do they have studying that course at that university?
- What is the duration of the course?
- Quality of lecturers. What are their qualifications? How many years of experience in teaching?
- Faculty contact/classes taught by full-time qualified & experienced faculty
- Ask your friends who have studied there for their opinion. Ask your friends who are currently studying there as well.
- Entry requirements (Foreign branch campuses in Malaysia have higher entry requirements)
- How much money do I have to pay for the course and cost of living? Ask your parents. Note that you will need to have enough to pay the tuition fees as well as your cost of living. (tuition, hostel, food, transportation, etc.)
- What are the Financial assistance available at the university? (Scholarships, PTPN Loan, EPF withdrawal, MARA Loan, etc)
- Is the PTPTN loan available for the course at the university?
- How much are the tuition fees? Does it include the exam and other fees?
- How much is on-campus accommodation?
- How much is off-campus accommodation? Note that it might be cheaper to find off campus accommodation on your own with friends. Is the accommodations near eateries, banks, entertainment, public transportation, etc.?
- What is the student culture at the university? (English-speaking environment, ambitious, serious about studies, lifestyle or party university, etc) The language spoken mostly at the college by the students may also matter if you don’t know Mandarin or BM or English. If most of the students speak Mandarin at that university then it will not help you to improve your English. Having a good command of the English language helps you to get good jobs and promotions.
- What is the make up of the student body (diversity, international students, gender, etc.)
- What are the Extra-curricular activities available? (Student organisations, clubs, sports, etc.)
- Public vs. Private (STPM is tougher and choice of course & university is determined by the government)
How to Choose the Best Private University in Malaysia for the Degree or Diploma in Accounting?
Kar Jun (Left), Accounting graduate from Asia Pacific University (APU)
Here’s a list of common criteria in choosing a top private university in Malaysia for Accounting:
- What type of university do I like? (Large, medium, small, city, suburbs, or outer city) Some people like small universities where you get a community feel while others like large university campuses where they get to meet lots of people.
- The size of the university also matters to some people as some prefer a small and friendly university environment where you know everyone’s names. Some may prefer a medium sized university where there are more students to interact with and more facilities to use like a bigger library, student centre, computer labs etc.
- In large universities you might feel lost but there will be more facilities like a football field, gym, swimming pool, basketball courts, etc. You just need to understand your personality and then choose the type of university that fits you.
- If you are a sports person, you might want to find one with a football field, basketball courts, gym or swimming pool.
- Safety at the university campus and community.
- Know yourself, if you like city life, don’t choose a university far away from the city even though the facilities are great. However, if you have a discipline problem in having too much fun, studying away from the city may be a good choice
- What are the facilities and resources offered at the university? – engineering labs, computer labs, computers, science labs, sports facilities, student centre, job placement centre, etc. Note – You should expect to get what you pay for.
- If you like sports, you may not want to choose a university without a basketball court or gym.
- Is it near public transportation? This is important if you do not have transportation.
- Note that you get what you pay for, if you pay for a Kancil don’t expect a Mercedes service. Nothing wrong with a Kancil, it’s just being realistic with your “purchase” however that does not mean that you should get lousy service from that college.