Finance & Accounting Degrees in Malaysia

All about Finance & Accounting Degrees in Malaysia

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Introduction

Finance and Accounting is an integral part of all businesses irrespective of it size. A strong finance and accounting department implies the financial stability of a company. It is this department which keeps tracks of all incomes and expenses of a company through its various processes like  accounts payable, accounts receivable. Profit and Loss Accounts, balance sheet and others.

The process of accounting helps a business monitor its taxes, cash flows, inventory, payroll and other financial liabilities and assets. Through the proper maintenance, classification and recording of financial data according to a set guidelines, organisations are able to make business decisions in all other areas such as marketing, reinvestments, research and development, and company expansion and diversification. Company audits are carried out on the finance and accounting data to monitor discrepancies, and accountants are accountable for any such variations.

 

Job of an Accountant

As an accountant, you will be responsible for thorough creation and maintenance of all of the above-mentioned  financial responsibilities, ensuring that they are accurate and comply with laws and regulations of the land. You would need to use accept accounting procedures to create and maintain financial records and ensure that taxes and other liabilities and duly paid on time. In addition, accountants also advise management on ways to cut costs and increase profits. They study spend patterns and analyse trends to project future revenues and expenses.

 

Key skills required

The key skills required for an accountant are:

  • Quantitative skill
  • Knowledge of varied accounting topics and techniques
  • Awareness of GAAP (generally accepted accounting principles)
  • Strong understanding of business
  • Understanding of industry practices and principles
  • Strong theoretical knowledge
  • Knowledge of stock market, trade and investment (career specific)
  • Analytical skills
  • Ability to understand and interpret numerical and statistical data

 

Best Finance & Accounting Degrees offered by Universities in Malaysia for International Students

University

Degree

Eligibility & Intake

Fees

Sunway Centre for Accountancy Excellence (CAE)

Diploma in Accounting – 2 years Full time

SPM / O-Level:

Pass with minimum 3 credits including Mathematics and English

UEC:

Pass with minimum 3 Bs including Mathematics and English:

ENGLISH: IELTS

- Minimum Band 5.5

INTAKE: January, March & July

 
Diploma in Finance – 2 years Full Time

SPM / O-Level:

Pass with minimum 3 credits including Mathematics and English

UEC:

Pass with minimum 3 Bs including Mathematics and English

ENGLISH: IELTS

- Minimum Band 5.5

INTAKE: January, March & July

 

Association of Chartered Certified Accountants (ACCA) – 2.5 years Full time

CAT qualification with 5 credits in SPM; or

ii. 2 principal passes in STPM / A Level; or

iii. Pre-University programme such as

Foundation and Matriculation Programmes; or iv. Degree from approved universities ;or

v. other equivalent qualifications recognized by the Ministry of Higher Education, Malaysia.

INTAKE: January, March, April, July and September

RM 16,690

Certified Accounting Technicians (CAT) – 1.5 years Full time

SPM / O-Level or equivalent:

5 Cs (including English and Mathematics)

TOEFL: 550 paper-based, 213 computer-based, 80 internet-based

IELTS: 6.0

MUET: Band 4

SPM English: C

INTAKE: January, March, April, July and September

$3,270

The Institute of Chartered Accountants in England & Wales (ICAEW) – 3-5 years Full Time

Aged 18 years and above, or 23 years and below.

Diploma / Advanced Diploma and Degree in any field of studies from a nationally accredited university (CGPA 2.50 / pass)

Professional accountancy qualification

CFAB (pass)

STPM / A-Level (CGPA 3.00 (BBB) and above / BBB and above)

AUSMAT / SAM (ATAR 80 and above)

CIMP / CPU (80% and above)

MUFY (80% and above)

CAT (80% average)

IELTS: (Academic) minimum 6.5 and at least 6.0 for each individual band

TOEFL: (paper-based) minimum 600 and TWE (Test of Written English) 6

INTAKE: March and September

 

Certificate in Finance, Accounting and Business (CFAB) – Minimum 1.5 years Full time

Aged between 16 to 21 years, with a minimum of 5 Distinctions in SPM / O-Level, including Mathematics and English; or equivalent

INTAKE: January, March, April and July

 

UniKL

Bachelor’s in Accounting (Hons) – 4 years Full Time

Entry requirements:

- High school certificate

- IELTS: 5.5

INTAKE: 25 February, 15 July, 22 September

RM16,900 per year

Swinburne University

Professional Accounting -

 

- High school certificate

- IELTS: 5.5

INTAKE: March, July & September

RM 2,400 per unit of study

APU

Diploma in Accounting – 2years Full Time

- High school certificate

- IELTS: 5.5

INTAKE: 2 April, 13 May, 23 September

RM22,500 per year

PhD in Finance – 3 years Full Time

Entry requirements:

-Bachelor’s degree 2.5

-High school certificate

-Master’s Degree

-IELTS: 6.5

RM 45,000

Taylor University

Master’s in Finance (Coursework) – 1 year Full Time

Entry requirements:

-Bachelor’s degree 2.5

-High school certificate

-IELTS: 6.5

INTAKE: 18 February, 6 May, 29 July, 14 October

$17,597

CITY University

Master of Accounting-Full-time: 1 - 4 years Part-time: 2 - 5 years

  • A Bachelor’s degree (Level 6 MQF) in accounting or academic field that does with a minimum CGPA 2.50 but below CGPA 2.75, subject to an internal assessment, OR
  • A professional accounting qualification equivalent to a Bachelor’s degree (Level 6 MQF) received by the Senate, OR
  • Other qualifications equivalent to a Bachelor’s degree (Level 6 MQF) with a minimum CGPA of 2.75 as received by the senate, OR
  • Bachelor’s degree (Level 6 MQF) in accounting or related fields with CGPA below 2.50 is acceptable subject to a minimum of five years of working experience in the relevant field.
  • For international students, TOEFL 550 score or IELTS score 5.5 or equivalent.

 

 

 

Career Prospects in Finance & Accounts

Depending of their area of specialty, students with a degree in Finance and Accounts can find themselves in any of the below-mentioned careers:

  • Accountant (trainee, public, professional and certified)
  • Actuary
  • Financial Auditor
  • Bookkeeper
  • Budget analyst
  • Credit controller
  • Finance Controller
  • Financial consultant
  • Financial examiner
  • Forensic accountant
  • Payroll administrator
  • Risk assessor
  • Tax advisor
  • Treasurer
  • Financial planning and management