WHAT IS ACCA?
ACCA (Association of Chartered Certified Accountants) is the global body for professional accountants which carries the qualification that allows its members to be recognized internationally. Global recognition is very important as it indicates an utmost level of financial expertise to be competent and relevant in the industry.
• Added value to the students
ACCA provides greater flexibility to the students where it offers a full-time or part-time or distance learning. Students will be able to complete their studies according to their own preferred pace. ACCA also provides a flexible entry requirements to those who interested (refer Pathway and Duration).
o Professional status
Enrolling in one year CAT (Certified Accounting Technician) program as your choice of study path right after SPM enables you to further step up into ACCA journey and completed them within three years time. This will give you a chance to be recognized as a professional certified accountant as you turn 21! Isn’t it interesting?
o Worldwide recognition
Joining ACCA will give you an upper hand as this body establishes a strong connection with other professional organizations such as MICPA, MIA, etc. Therefore, this wider view will equip students with a total skill set and strengthen their foundation in the professional working world.
• Career Prospects
“Malaysian Institute of Accountants president Johan Idris said: “The accounting profession is practically recession-proof. Professional accountants are much sought after the world over. As a career choice, accountancy has the knack for attracting opportunities all around.” An accountant’s knowledge is especially invaluable to organisations when it comes to assessing their financial performance and health. Whether it’s a small firm or a multinational corporation, qualified accountants are depended upon in steering the business and therefore, bringing the organisation en route to success.” – An excerpt from New Straits Time during an interview on Seminar for Accounting Teachers and Counsellors
HOW DOES ACCA WORKS?
There are 9 papers to be completed by the CAT students.
- FA1 Recording Financial Transactions
- MA2 Management Information
- FA2 Maintaining Financial Records
- MA2 Managing Costs and Finance
- FAB Accountant in Business
- FFA Financial Accounting
- FMA Management Accounting
Optional papers (any 2 from 3)
- FAU Foundation In Audit
- FFM Foundations in Financial Management
- FTX Foundations in Taxation
There are 14 ACCA papers to be completed by the students. These papers can be further divided into four groups and three levels.
• Knowledge level
o F1 Accountant in Business
o F2 Management Accounting
o F3 Financial Accounting
• Skills level
o F4 Corporate and Business Law
o F5 Performance Management
o F6 Taxation
o F7 Financial Reporting
o F8 Audit and Assurance
o F9 Financial Management
*These nine papers of Fundamental Level are equivalent to degree in Accounting
• Essentials level
o P1 Governance, Risk and Ethics
o P2 Corporate Reporting
o P3 Business Analysis
• Options (any 2 from 4)
o P4 Advanced Financial Management
o P5 Advanced Performance Management
o P6 Advanced Taxation
o P7 Advanced Audit and Assurance
ACCA is now progressing towards the application of CBE (Computer-based Examinations) which is an innovative approach to reflect the modern working world to the students. Therefore, CBE is available effective from July 2015 Foundation Level papers (CAT) and papers F1-F3 will only be available through CBEs in Malaysia.
PRACTICAL EXPERIENCE REQUIREMENTS
This is compulsory to be completed in addition to the Ethics module and the 14 exam papers taken by the students in order to complete their journey as a qualified ACCA member. Students need to complete 36 months of PER and exhibit their skills within the working world environment.
• Initial registration £79
• Annual subscription £95
• Exam fees (varies according to entries and levels)
Click here to view ACCA fees and charges in Malaysia
ACCA IN UITM
Offering ACCA programme since 1967 and CAT programme since 2002, UiTM certainly has come a long way. From the initial efforts of creating awareness, finding sponsors for students and enrichment of teaching and learning, UiTM has proven its ability to produce high quality graduates that are very much sought after in the industry while strengthen its establishment as a world-class institution in educating professional accountants.
In June 2010, ACCA has awarded UiTM’s Accountancy Faculty the Platinum status as an approved learning provider. UiTM is the first university in Malaysia to have received this recognition. Platinum status is the highest and most prestigious level of the qualification. Platinum approved learning providers adhere to the highest standards to provide students with the best possible chance of success and are required to provide evidence of continual improvement and innovation.
Through the continuous supply of professional graduates to the industry for nearly half a century, UiTM has successfully bridging the gap between students and future employers. This vision is achieved through creative initiatives such as Ambassadorship Programme under the Association of Professional Accounting Students (APAcS)
The much-celebrated programme that will be celebrating its 4th year anniversary is an attempt to bring the Big 4 accounting firms in the world i.e. EY, PwC, Deloitte, KPMG as well as BDO closer to the students. A number of students will act as an ambassador to their respective firms and are able to connect and communicate with the representatives from the firms directly. Through the programme, activities such as firms visit, annual dinner, open floor, talks, charity run and accounting sport carnival were able to be conducted in collaboration with the firms’ members.
It is in our mission to not only producing professional qualified Bumiputera accountants but also in creating highest quality workforce and inspiring minds to bring the nation to a higher level.
Nurul Nabilah Binti Abdul Jalil
ACCA Prize Winner (June 2016 Examinations) Paper P2 (Corporate Reporting) Placing : 1 (Malaysia), 6 (World)
Siti Aisah Kamarulzaman
Best Graduates Association of Chartered Certified Accountants (ACCA) Malaysia and the 7th best in the world for June 2013 Examination Session
Best Graduates Association of Chartered Certified Accountants (ACCA) Malaysia for June 2012 Examination Session
PATHWAY AND DURATION
If you have completed your CAT (Certified Accounting Technician), you can proceed to ACCA with 3 papers (F1-F3) to be exempted with approximately 3 years to complete all papers.
If you have Bachelor of Accountancy (Hons), you can make your way to ACCA beginning with Professional Level papers with estimated completion time of 1-1.5 years.
If you are a graduate from Diploma in Accountancy, you will be granted the exemptions on F1-F4 papers and complete your ACCA within 2.5-3 years time.
SCHOLARSHIPS AND FINANCIAL AIDS
UiTM Study Grant
This study grant is a form of monetary assistance where the final examination fees are borne by the UiTM management and not by the students. This aid is granted to the students who have successfully fulfilled certain criteria required in order to be eligible receiver of the grant.
HOW TO APPLY
The application to enroll in the CAT course in UiTM needs to be done online.
You need to buy professional UiTM pin number from BSN (RM 17)
> Follow these steps:
> 1. Go to http://online.uitm.edu.my/
> 2. On left hand side, choose “BORANG PERMOHONAN”
> 3. Choose “PROFESSIONAL”
> 4. Scroll down to “BORANG PERMOHONAN PROFESSIONAL”
> 5. Under “BIASA”, choose “LEPASAN SPM”
> 6. You will get the page “BORANG PERMOHONAN PROGRAM PROFESIONAL”
> 7. Start filling in
Any further information, please visit
or kindly visit the Association of Professional Accounting Student (APAcS)’ official page
Who knows what the future has in store for you?