ACCOUNTING FINANCE IN MALAYSIA

Accounting and Finance Courses in Malaysia

All you need to know about Accounting & Finance studies, which is keeping track of financial accounts which also involves the cash flow and handling money matters.

accounting and finance in malaysia

Determine the financial stability of a company is a very important part. Accounting & Finance goes hand to hand globally, as the process of keeping a record of the finances and cash inflows within the company are done everywhere. 

It is the two main factors of the business world. Without the right functioning of these two departments, a company can surely go bankrupt. Even though modern technology is hitting the market, Accountants and Financial Managers are still very much needed in every company. 

Below you will read more about studying Finance in Malaysia as well as you will find more benefits of being a student in Malaysia for Accounts/Finance.

What are the accounting and finance Course in malaysia?

Accounting and Finance generally handle the very important aspect of any business which is MONEY ! An Accountant and Finance Managers are the ones who make all the decisions depending on their analysis and advice hence they play the most important part in an organisation. 

Below you will find some questionnaires which will clear your doubts of Studying Accounting and Finance in Malaysia. Though one should remember that the duration , the entry requirement and Tuition fee of Studying Accounting and Finance in Malaysia may differ from University to University.

 

What is the duration of accounting and finance studies in Malaysia

The duration per level of study for accounting and finance in Malaysia is as follows: 

  • Foundation – 1 year
  • Diploma – 2 years
  • ACCA - depends on your speed, 14 papers in total
  • Bachelor’s degree – 3 to 4 years
  • Master’s degree – 1 to 2 years

What are the entry requirements?

The Entry requirements given below are typically what you need to qualify for studying the Accounts & Finance course in Malaysia. 

  • Foundation: 5 credits in required subjects including Mathematics, Additional Mathematics and English in SPM or equivalent
  • Diploma:
    • Passed SPM or equivalent with minimum 3 credits including English and Mathematics, or
    • Certificate or equivalent in relevant field
  • Bachelor’s degree
    • Credit in Mathematics and passed English at SPM level, and
    • Passed STPM or equivalent with minimum CGPA of 2.0, or
    • Foundation or Diploma in a related field (usually with a CGPA of 2.0 and above)
  • Master’s degree: Bachelor’s degree (with honours) or equivalent in relevant field

How much does it cost to study accounting and finance course in  Malaysia?

The Tuition fees given below is for both Public and Private University in Malaysia for Accounts and Finance. Do remember that Public Universities are cheaper than Private Universities in Malaysia, that is why the price range might have a vast difference. As a general estimate, the cost of studying Account and Finance in Malaysia as per the level, of course, are as follows:

  • Foundation – RM 9,000 to RM 36,500
  • Diploma – RM 15,000 to RM 45,000
  • Bachelor’s degree – RM 6,500 to RM 150,000
  • Master’s degree – RM 8,000 to RM 50,000

What are the career options?

accounting and finance career

After Studying Account and Finance in Malaysia, you do not have to worry about the job opportunity as you will have plenty to follow and many will follow you too. As said above the role of an Accountant or a Finance Manager is a crucial part of an organisation, so the recruiters hunt for the best one within the Universities.

The jobs related to your field are as below: 

  • Chartered accountant
  • Chartered certified accountant
  • Chartered management accountant
  • Chartered public finance accountant
  • Company secretary
  • External auditor
  • Forensic accountant
  • Stockbroker

Jobs where your degree would be useful include:

  • Actuary
  • Arbitrator
  • Business development manager
  • Data analyst
  • Economist
  • Licensed conveyancer
  • Management consultant
  • Mortgage adviser
  • Procurement manager
  • Retail banker
  • Tax adviser

This table below will show you some of your potential future careers pay out and how much you will earn for each of them:

Job

Estimated average monthly income

Accountant

RM 4,700

Bank Manager

RM 8,000

Financial Controller

RM 14,250

Chief Financial Officer

RM 25,000

FAQs ABOUT ACCOUNTING FINANCE

Which universities in Malaysia offer accounting and finance courses?

Malaysia’s University for Accounts & Finance has exclusively made it to the list of the world’s best Institutions according to QS World University Rankings for 2018. 

The other rating system called SETARA which assesses the teaching , research and service of the higher learning education institutions in Malaysia has ranked Malaysia too.  Top 20 Universities from QS Ranking for Malaysia 2020 list which you can consider to do your Accounts & Finance degree in Malaysia from

Top 8 universities in Malaysia for Accounting and Finance

  1. Universiti Malaya
  2. Universiti Kebangsaan Malaysia
  3. Universiti Putra Malaysia
  4. Universiti Teknologi MARA – UiTM
  5. Monash University Malaysia
  6. Universiti Sains Malaysia
  7. Universiti Teknologi Malaysia
  8. University of Nottingham Malaysia

What subjects will be studied?

You will cover many interesting topics while you study Accounts & Finance from Malaysian University: Few are listed below-

 

  • Business Law
  • Marketing
  • Investment Analysis
  • Economic Principles
  • Quantitative Methods
  • Taxation and Auditing
  • Management Strategies
  • Accounting Information Systems

The course contents may differ between universities, However, the core modules will remain the same as well as the training in the industrial department for undergraduate students. Wherein, the PostGraduate students have to cover up a dissertation or thesis as part of their module content and to get the degree.

 

Why study accounting and finance in Malaysia?

As you will study in one of the best Universities of the world in Malaysia, you also get to:

  • Spend less on excellent education
  • Earn internationally recognized qualifications

Spend less on excellent education

Malaysia is gaining a reputation for quality education on the international stage by continually making their mark on prestigious lists such as the QS World University Rankings and the Times Higher Education (THE) World University Rankings. Hence more and more International Students choose Malaysia as their Study Destination. 

As per the Malaysian local Student you have more advantage because both public and private University charges a lower Tuition fee for Malaysian Students, as it is the case for all the students. Hence as an International student you will have to pay much more than the local students. The price range given below is for Bachelor’s Degree in Accounting & Finance overseas from reputable Universities globally. 

 

Country

Estimated tuition fees

Malaysia

RM 6,500 – 150,000

Singapore

RM 88,000 – 186,500

UK

RM 186,000 – 320,000

Australia

RM 250,000 – 380,000

USA

RM 350,000 – 580,000

Earn internationally recognized qualifications

Many Professional Qualifications which are recognised globally which you can pursue in the comfort of your home. These qualifications can boost your chances of getting recruited by companies not only in Malaysia but anywhere worldwide. Find three most recommended professional qualifications below:

 

  • Association of Chartered Certified Accountants (ACCA). ACCA is one of the major professional accountancy bodies across the globe, with over 208,000 members and 503,000 students from 180 countries. To earn an ACCA qualification, students must pass up to 13 exams, Ethics and Professional Skills module, and have 3 years of work experience.  
  • Institute of Chartered Accountants in England and Wales (ICAEW). Founded in 1880, ICAEW is trusted and respected all over the world. The organization’s qualification, ACA consists of 15 modules.
  • Chartered Financial Analyst (CFA). CFA is an association for investment management professionals, with networks across regions. To become a CFA charterholder, you must complete the CFA programme, which has exams in 3 levels.

Who are the recruiters for accounting and finance in malaysia?

Typical employers

Opportunities are widely available with:

  • accountancy firms
  • building societies
  • high street banks
  • insurance companies
  • investment banks
  • management consultancies
  • public sector employers.

The Graduates are hired by the Large Multinational companies. They use Campus recruiting , Campaigns and head hunting to find and capture the best promising graduates from Top University in Malaysia for Accounts and Finance.

 

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