Why you need to study accounting in Malaysia now

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As one of the most popular courses in the world, accounting serves as a vital part of any organisation. Without accountants, financial situations can get really complicated!

What makes accounting so appealing? Let’s find out:

7 Reasons You Should Study Accounting NOW

1. You can actually get your ACCA right after SPM.

ACCA refers to the Association of Chartered Certified Accountants, a leading international body for professional accountants.

If you’re very sure of your career pathway, why not study accountancy right after SPM?

You can enrol for the Certified Accounting Technician (CAT) qualification after SPM. You only need about 3 years to complete the CAT. With this qualification, you can be exempted from multiple ACCA Applied Knowledge papers, quickening your route to becoming a qualified ACCA member!

However, you will also have 3 years of relevant working experience besides passing the exams. You can gain the experience before, during or after the examinations.

(More about ACCA pathways)

2. Accountants are needed everywhere.

Finance is a complex area. Companies want a reliable professional to handle their financial activities, ranging from money, accounts, banks, taxes to other money-related tasks. Hence, you can find a job easily in every industry with an accounting degree!

Below are just a few of the examples of industries where accountants are in high demand:

• Hospitality
• Healthcare
• Retail
• Marketing
• Engineering
• Pharmacy

3. Launch a global career with your accounting degree & ACCA.

Your accounting degree and ACCA can bring you overseas. Regardless of your nationality, your skills and knowledge in accounting apply to all kinds of industries, and in different countries.

In fact, you can work in more than 120 countries just with an ACCA qualification! Big firms like E&Y, Deloitte, PWC, and KPMG frequently send their staff overseas.

4. You obtain a wide range of skills

Accounting is more than just numbers and figures.

Besides auditing, bookkeeping, and calculating taxes(obviously), you are also offering consultations and advice to companies on how to better manage their finances and staying compliant with tax regulations. 

Hence, you also obtain communication and negotiation skills on top of the vital skills an accountant should have: prepare financial statements, analyse data, be proficient in accounting software, and more.

5. You can be your own boss

You can easily hold your own fort as a business owner with the accounting skills you obtain.

Part of the accounting syllabus involves business, management and strategies. This gives you knowledge about entrepreneurship and the marketplace on top of accounting skills. Hence, as a business owner you will also be the jack of all trades capable of calculating taxes, auditing, and other accounting-related tasks.

Additionally, you can establish your own accounting firm and offer your expertise to various types of businesses.

6. Earn a lot as a successful accountant

Do you know that accountants in Malaysia can earn up to RM40,000 a year as a fresh graduate? The figure also increases as you gain more experience and skills.

You can earn even more if you work overseas. In Australia, accountants receive above-average salaries of up to $1,660 per week , according to KAPLAN.

7. Gain a secure and future proof career

One of the best things that comes with an accounting career is the job security. As mentioned in this article, accountants are needed everywhere, even after technology becomes a huge part of our lives.

It is also a recession proof job, whereby there will still be a demand for accountants despite any economic downturn. So once you’re doing great as an accountant, don’t stop!

Now that you’ve seen what accountancy can offer you for years to come, it’s time to seek out universities that offer this course.

Accounting courses in Malaysia

Below are top institutions in Malaysia that offer accounting and related courses:

Taylor’s College

• Association of Chartered Certified Accountants (ACCA)
• ACCA Foundation in Accountancy (ACCA FIA)

Management & Science University (MSU)

• Diploma in Accounting
• Bachelor in Accounting (Hons)
• Bachelor in Finance (Hons)

Asia Pacific University of Technology & Innovation

• Diploma in Accounting
• BA (Hons) in Accounting & Finance
• BA (Hons) in Accounting & Finance with a specialisation in Taxation
• BA (Hons) in Accounting & Finance with a specialisation in Forensic Accounting
• BA (Hons) in Accounting & Finance with a specialism in Forex and Investments
• BA (Hons) in Accounting & Finance with a specialism in Internal Audit

Tunku Abdul Rahman University College (TAR UC)

• Foundation in Accounting
• Diploma in Accounting
• Bachelor of Accounting (Hons)
• Bachelor of Business (Hons) Accounting & Finance