ABOUT THIS PROGRAMME
This program offers specific knowledge of accounting, finance, taxation, auditing, costing, management and economy. The aims of the
program are to produce competent and dedicated accountants who possess the attributes and skills required in the accounting profession
and also enable students to develop a holistic understanding of business operation, particularly in all functional areas of accounting. Through
the industrial training, students will be able to have valuable hands- on experience in term of the real-life working environment. As the curriculum
is also designed to fulfil the professional recognition, thus it will equip students with a broader perspective of the accounting profession.
Why should I take this programme?
Those who wish to be marketable and relevant in any industry should choose to pursue accounting programmes. With the specific knowledge offered in various areas in accounting we are able to produce competent and dedicated professional accountants who possess all the required attributes by the industry.
The Economic Transformation Program aimed to produce 60,000 accountants in the country by 2020, but this target was not achieved. According to the latest data from the Malaysian Institute of Accountants (MIA), there were 38,500 members as of June 2023. This indicates a shortage of accountants in Malaysia. The data also shows that with 38,500 members serving Malaysia’s population of approximately 33.2 million, each accountant serves about 874 people, giving a population-to-accountant ratio of 1:871.
What will I learn?
- Financial Accounting: This involves the preparation and presentation of financial statements in accordance with accounting standards and principles.
- Cost Accounting: This involves the determination and analysis of costs of products or services to support decision-making.
- Management Accounting: This involves the use of accounting information for decision-making purposes by managers and other stakeholders.
- Auditing: This involves the independent verification of financial statements and other financial information to ensure their accuracy and compliance with accounting standards.
- Taxation: This involves the application of tax laws and regulations to financial transactions and reporting.
- Accounting Information Systems (AIS) and Analytics: This involves the design, implementation, and management of accounting systems and software to support financial reporting and decision-making.
- Financial Management: This involves the management of financial resources, including the analysis of financial statements, financial planning and forecasting, and financial risk management.
- Ethics and Professional Responsibility: This involves the study of ethical principles and professional standards for accountants, including the development of critical thinking and decision-making skills.
- Business Law: This involves the study of legal principles and regulations related to business transactions and financial reporting.
- Business Communication: This involves the development of communication skills, including written and oral communication, to effectively convey financial information and analysis to stakeholders.
Why studying this course is a smart choice?
Every organization, whether big or small, needs an accountant or financial professional to manage its finances effectively. Accounting jobs are
available in organizations worldwide, providing ample job opportunities for graduates in this field.
Studying this course offers additional advantages. You will be able to apply your financial skills in various work environments and in your
personal life. A sound understanding of accounting and finance will help you plan and manage your own finances more effectively.
CHECK IF YOU ARE ELIGIBLE
Minimum Entry Requirements:
- STPM: Minimum 2 Principal Passes (C+), credit in Mathematics in SPM, a pass in English.
- STAM: Minimum grade of Jayyid, credit in Mathematics in SPM, a pass in English at SPM level.
- A-Level: Minimum 2 Principal Passes (C) and a C in O-Level Mathematics, a pass in English at SPM level, and Band 2 MUET.
- UEC: Minimum 5 Bs (including Mathematics) and a pass in English.
- Diploma/HND: Minimum CGPA of 2.50, credit in Mathematics in SPM, a pass in English at SPM level.
- Foundation/Matriculation: Minimum CGPA of 2.50, credit in Mathematics in SPM, a pass in English at SPM level, and Band 2 MUET.
- SAM/HSC/AUSMAT: TER/UAI: average 60% or higher in 5 subjects (including Mathematics).
- CPU/CIMP: Average of 60% or higher in 6 subjects.
- IB: 26 points or higher based on 6 subjects.
- Other Qualifications:
- As recognised by the Senate of IUKL as equivalent to STPM.
- Candidates without a pass in Mathematics at SPM level may be admitted if their qualifications include a Mathematics subject that is equivalent to SPM level.
HND:Â Higher National Diploma,
SAM:Â South Australian Matriculation,
HSC:Â Higher School Certificate,
AUSMAT:Â Australian Matriculation,
CIMP:Â Canadian International Matriculation Programme,
IB:Â International Baccalaureate Diploma,
STPM:Â Sijil Tinggi Persekolahan Malaysia,
SPM:Â Sijil Peperiksaan Malaysia
| ENGLISH LANGUAGEÂ Â REQUIREMENT | |
|---|---|
| IELTS | 5.5 |
| TOEFL (PBT) | 550 |
| TOEFL (IBT) | 46 |
| PTE | 51 |
| MUET | BAND 3 |
| Cambridge English | 160 |
WHAT WILL YOU LEARN?
Year 1
Mata Pelajaran Umum (General Subject), Introduction to Financial Accounting, Organizational Management, Business Mathematics, Office Application Technology, Microeconomics, Macroeconomics, Interactive Skills, Financial Accounting I, Cost Accounting, Basic Marketing
Year 2
Business Ethics, Financial Accounting II, Management Accounting, Accounting Information System I, Report Writing, Introduction to Statistics, Business Law, Financial Management, Taxation I, Corporate Law, Advanced Financial Accounting I, Taxation II, Quantitative Methods & Statistics, Organizational Behaviour, Corporate Finance
Year 3
Advanced Financial Accounting II, Auditing, Advanced Management Accounting, Accounting Information System II, Professional Communication, Free Elective I, Strategic Management, Advanced Audit & Corporate Governance, Free Elective II, Accounting Theory & Practice, Public Sector Accounting, International Business, Integrated Case Studies, Free Elective III
Year 4
Industrial Training
PROFESSIONAL RECOGNITION
- The Certified Practicing Accountants Australia (CPA Australia): One of the world’s largest accounting bodies.
- The Association of Chartered Certified Accountants (ACCA): The global body for professional accountants.
- The Chartered Institute of Management Accountants (CIMA): The world’s largest professional body of management accountants.
- The Malaysian Institute of Certified Public Accountants (MICPA): Developing the accounting profession in Malaysia by providing accounting graduates with an avenue to become Certified Public Accountants.
How does the Professional Recognition for this programme benefit me?
Upon completion of this programme, students who wish to embark on professional examinations towards becoming a professional accountant can start their journey immediately. They will be given certain exemptions.
Graduates with the Bachelor of Accountancy (Hons) from IUKL will qualify for the following exemptions:
- The Association of Chartered Certified Accountants (ACCA)Â – 9 papers:
- F1 Accounting in Business
- F2 Management Accounting
- F3 Financial Accounting
- F4 Corporate & Business Law
- F5 Performance Management
- F6 Taxation
- F7 Financial Reporting
- F8 Audit and Assurance
- F9 Financial Management
- The Chartered Institute of Management Accountants (CIMA)Â – 6 papers:
- C1 Fundamentals of Management Accounting
- C2 Fundamentals of Financial Accounting
- C3 Fundamentals of Business Mathematics
- C4 Fundamentals of Business Economics
- C5 Fundamentals of Ethics, Corporate Governance, and Business Law
- F1 Financial Operations
- The Institute Professional Stage Examination, Malaysian Institute of Certified Public Accountants (MICPA):
- Business and Company Law
- Certified Practising Accountants (CPA) Australia – 6 papers:
- All subjects at foundation level are exempted.
Are there any other benefits should I decide to take this programme?
ACCA Accelerate Programme:
- Initial Registration: RM 120
- Annual Subscription: Subscription fee waived until you complete your degree studies.
- Exemption Fees: Exemption fee will be deferred for 1 year.
CGMA Financial Leadership Program:
- A collaborative programme where students can concurrently enrol in the Financial Leadership Program (FLP) during their undergraduate studies.
CAREER CHOICES
What are the career prospects?
Accounting graduates can be employed by various sectors such as:
-
Banking
-
Big Audit Firms; PwC, Ernst & Young, Deloitte, KPMG
-
Small and Medium Accounting and Auditing Firms
-
Government Agencies / Private Companies / Multinational Companies
-
Non-Profit Organizations such as Charity organizations
-
Tax Consultancy / Management Consultancy
-
Corporate Recovery/ Insolvency
-
Financial Planning
-
Company Secretarial
-
Forensic Accounting
-
Business owners
-
Academia
MORE ABOUT THIS PROGRAMME
How much will I make?
The average salary for fresh graduates ranges between RM 2,500 to 3,000. But, of course, your salary will also depend on the company that you work for. Once you become a senior in the field, your salary can reach up to 5 digits.
Did you know?
Malaysia requires 60,000 chartered accountants by year 2020. As of now, there are only 32972 registered chartered accountants according to the MIA statistics. The shortage reflects the importance of professional accountants since their knowledge is invaluable in assessing an organisation’s financial performance.
