Your Guide to an Accounting Course in Malaysia

Accounting - Feature

If you enjoy dealing with numbers, have good reasoning abilities, whilst having an interest in business, an Accounting Degree might be the course for you!

But are you ready for the critical thinking and challenges involved in this field?

This guide explores everything you need to know about studying an Accounting course in Malaysia, from what it is and how it affects the world, all the way to the career options that you have with an Accounting Degree.

Asia Pacific University (APU)

BA (Hons) in Accounting and Finance

Maximum 9 out of 13 exemptions for ACCA

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Looking for a Foundation in Asia Pacific University (APU)? Click here to apply.

#1. The Basics of Accounting

a) What Is Accounting?

Accounting - What is Accounting

Accounting involves recording, analysing and reporting financial transactions in order for companies to be able to make strategic business decisions. In addition, accounting is also important to ensure businesses comply with the law (think tax and audit).

Now, this seems like it’s more than you can handle. But the truth is, accounting skills are very practical and can be applied to many areas of your life, such as managing your spending.

For example, to ensure that your college finances do not get out of control (giving you a heads up here!), you’ll need to budget wisely to ensure that your cash outflows (college tuition fees, books, living expenses) are less than your cash inflows (monthly allowance or part-time work income).

b) What Are the Various Fields of Accounting?

Accounting - Various Fields

These are the four main types of Accounting usually covered in a degree:

FieldWhat It Is All About
Financial AccountingKeeps tabs on financial transactions. Using standardised guidelines and procedures, the transactions are recorded, summarised and presented in a financial report or financial statement.
Management AccountingInformation needed by the company management. This includes cost behaviour, product costing for manufacturers, budgeting, magnitude needed for making decisions, and transfer pricing.
Tax AccountingFocuses on taxes, and is governed by the Internal Revenue Code which dictates specific rules that companies & individuals must follow when preparing tax returns.
Audit & Assurance ServicesInvolves concepts and technical aspects of auditing, which is a review or inspection of a company’s financial accounts.

These are the standard fields of Accounting that you will encounter in your degree!

After completion of your degree, you are free to choose to work or specialise in different fields of Accounting.

Asia Pacific University (APU)

BA (Hons) in Accounting and Finance

Maximum 9 out of 13 exemptions for ACCA

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NOW

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Looking for a Foundation in Asia Pacific University (APU)? Click here to apply.

#2. Studying an Accounting Course

a) Entry Requirements & Qualifications

In order to pursue a degree in Accounting, you will need to meet the entry requirements. Here are the general requirements:

(i) Diploma in Accounting

In order to pursue a Diploma in Accounting, typically you’ll need:

  • SPM / O-Level: Minimum 3 credits, including a pass in Mathematics, English, Bahasa Malaysia and History

A Diploma in Accounting is usually 2 – 2.5 years long, covering the fundamentals of accounting knowledge and skills.

You can choose to join the working world or go on to do a Degree in Accounting, typically starting from Year 2 of the Degree.

(ii) Degree in Accounting

You will need to complete your SPM or equivalent, AND also complete a Pre-U qualification in order to do a Degree in Accounting.

The basic requirements that you’ll need to meet to pursue an Accounting Degree are:

In addition to that, you also need to obtain at least a credit in Mathematics and a pass in English in your SPM.

An Accounting Degree is usually 3 years long.

Important Note: Entry requirements may vary depending on university, so make sure you do your research!

(b) How Does Your Education Pathway Look Like?

Accounting - Education Pathway

Generally, upon completion of your SPM or an equivalent qualification, you can choose to progress to a Pre-University course (A-Level, STPM, AUSMAT, etc) or a Foundation in Business or Foundation in Arts. You can also choose to pursue a Diploma in Accounting instead.

Upon completion of your Pre-University, Foundation or Diploma qualification, you can then choose to pursue your Degree in Accounting.

If you want to enhance your technical knowledge in the accounting field and add more bells and whistles to your résumé, you can pursue professional accounting qualifications such as ACCAMICPACPA AustraliaCIMA and ICAEW.

Pro Tip: Most Accounting degrees will have courses that cover certain professional papers. Once you finish your degree, double-check to see how many papers you can get exemptions for. For example, some Accounting degrees will exempt you 9 out of 13 ACCA papers.

(c) What Will You Study in Accounting?

In general, most Accounting degrees will require you to study core / compulsory subjects in your 1st year, covering topics such as:

  • Financial Accounting
  • Business Law
  • Marketing
  • Finance and Investment
  • Economics (Microeconomics and Macroeconomics)
  • Management Principles
  • Quantitative Methods

In your second and third year, you will still have some core subjects, but will also be able to choose some elective subjects depending on your interests.

#3. Why Should You Study Accounting?

Accounting - Why Accounting

With so many degree options out there, here are some of the top reasons why you should study Accounting!

(a) Gain practical skill sets

Studying an Accounting course will develop your attention-to-detail, reasoning and critical thinking skills that will be beneficial to you in future. An Accounting course can also be helpful in your daily life, such as managing your monthly budget, and future investment plans. These are demanding skill sets in businesses and companies.

(b) Wide range of options in the future

An Accounting degree will enable you to specialise in a broad variety of Accounting fields, such as tax accounting, financial management, auditing, management consulting, etc. later on. With the exposure to the knowledge of accounting and aspects of business, there is also the possibility of you starting your own accounting firm in the future.

(c) Countless possibilities in Business

An Accounting degree would enable you to constantly learn, develop professional knowledge in the field and help improve systems and businesses. The wide range of business-related topics covered during your Accounting degree will enable you the option and the possibility to change occupations anywhere in the Business field.

Asia Pacific University (APU)

BA (Hons) in Accounting and Finance

Maximum 9 out of 13 exemptions for ACCA

APPLY
NOW

APPLY NOW

Looking for a Foundation in Asia Pacific University (APU)? Click here to apply.

#4. What Skills Do You Need for an Accounting Course?

Accounting - Key Skills

Here are some of the key qualities and skills that you will need to develop in order to do well in an Accounting course.

(a) Good reading comprehension and command of the English language

There will be many, many documents, research and thick handbooks to read in the search for answers! Thus, good reading comprehension is important for understanding written sentences and paragraphs in documents and standardised guidelines. We recommend a good and strong command of the English language for better comprehension.

(b) Good decision-making skills

Part of Accounting involves decision-making skills by considering the relative costs and benefits of potential actions, in order to choose the most appropriate decision. There may be many types of methods to tackle an accounting problem, so you will need to decide for yourself which method would be best, while sticking to strict guidelines.

(c) Speaking and good communication skills

Bet you assumed Accounting was just about numbers! Speaking and communicating well to convey information effectively is extremely important too. Most people would imagine Accounting to be dealing with numbers all day. This is untrue, as you will most likely have to work in teams or report to people in different chains of command on a daily basis.

Don’t worry if you haven’t mastered all these skills yet. A degree in Accounting will help you hone and develop these skills! Just make sure you’re prepared for what’s ahead.

#5. What Career Options Do You Have with an Accounting Degree?

After completing your degree in Accounting, here are some career options that you can consider:

  • Accountant
  • Auditor
  • Chief Financial Officer (CFO)
  • Financial Controller
  • Forensic Accountant
  • Investment Banker
  • Tax Consultant

If you have suddenly realised that Accounting is not your cup of tea, there are other industries where you can apply the practical skills you have gained from your degree.

Some sectors where your Accounting skills may be useful include:

  • Financial Services
  • Real Estate
  • Telecommunications
  • Market Research
  • Media & Advertising
  • Logistics

#6. Where Can You Study Accounting in Malaysia?

Here are some of the most popular universities for Accounting in Malaysia.

Featured

Asia Pacific University

BA (Hons) in Acounting and Finance

Quick Facts

Campus: Bukit Jalil
Intakes: May, Sep & Nov
Estimated Fees: RM88,300

Key Highlights

Dual-award degree – one from De Montfort University (UK) and one from APU
Exemptions from numerous professional accounting bodies (e.g. ACCA, ICAEW, CPA), including the maximum 9 papers for ACCA
Comprise modules in financial technology (FinTech)

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unirazak-logo

Universiti Tun Abdul Razak (UNIRAZAK)

Bachelor of Accounting (Honours) Accredited by CPA Australia – 4 Years

Quick Facts

Campus: Jalan Tun Razak, Kuala Lumpur
Intakes: Mar, Jul & Nov
Estimated Fees: RM99,550

Key Highlights

Graduate with 2 certificates — an undergraduate degree from UNIRAZAK and a professional body certificate awarded by CPA Australia
Study abroad options are available where you get to complete your final year at the University of Waikato (New Zealand) or head to Macquarie University (Australia) on an exchange programme
CPA Australia is a globally recognised certification that empowers you to meet the challenges of accounting, finance and business situations in the global marketplace
Industry-relevant curriculum that’s taught by industry experts to enhance your learning experience and enable better transition between concepts into practice

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Multimedia University (MMU)

Bachelor of Accounting (Hons)

Quick Facts

Campus: Bukit Beruang, Malacca
Intakes: Apr, Jul & Oct
Estimated Fees: RM79,070

Key Highlights

Real working assignments for action-based learning that exposes you to the industry
Exemption from numerous Professional Bodies including ICAEW (8 out of 15 papers), ACCA (9 out of 13 papers) and CIMA (10 out of 16 papers)
An entrepreneurial university with industry-ready programmes

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University of Nottingham Malaysia

Finance, Accounting and Management BSc (Hons)

Quick Facts

Campus: Semenyih, Selangor
Intakes: Sep
Estimated Fees: RM117,800

Key Highlights

Exemptions from a number of professional examination papers set by ACCA, CIMA, CPA Australia and ICAEW
Access to the Financial Trading Room and financial databases
Study abroad opportunities at campuses in China and the UK as well as partner universities across the globe
Ranked 103rd in the world and 18th in the UK (QS World University Rankings 2022)

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Universiti Tenaga Nasional (UNITEN)

Bachelor of Accounting (Hons)

Quick Facts

Campus: Muadzam Shah, Pahang
Intakes: Jan, Jun & Sep
Estimated Fees: RM69,808

Key Highlights

Maximum paper exemptions from ACCA from the Applied Knowledge and Applied Skills levels
Track record of 93% graduate employability rate
Awarded SETARA 5-Stars by the Ministry of Higher Education

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City University

Bachelor of Accounting (Hons)

Quick Facts

Campus: Petaling Jaya, Selangor
Intakes: Jan, May & Sep
Estimated Fees: RM67,250

Key Highlights

Maximum paper exemptions from ACCA from the Applied Knowledge and Applied Skills levels
Collaboration with universities and industry partners globally, providing you with opportunities for international student exchange and placements
Awarded SETARA 4-Stars by the Ministry of Higher Education

logo-universiti-tunku-abdul-rahman

Universiti Tunku Abdul Rahman (UTAR)

Bachelor of Commerce (Hons) Accounting

Quick Facts

Campus: Kampar, Perak
Intakes: Jan, May & Oct
Estimated Fees: RM41,360

Key Highlights

Direct entry for Malaysia Institute of Accountants (MIA) membership
Fully accredited by MQA
Affordable tuition fees
Graduates will be granted exemptions from examinations of well-known professional accountancy bodies such as ACCA, CIMA, ICAEW, MICPA, CPA Australia as well as CTIM.

Where else can you study Accounting in Malaysia? Check out our comprehensive comparison table for Accounting degrees! You can also compare institutions for Accounting diplomas and Foundation in Business.