Finance & Accounting Degrees in Malaysia

Introduction

Finance and Accounting is an integral part of all businesses irrespective of it size. A strong finance and accounting department implies the financial stability of a company. It is this department which keeps tracks of all incomes and expenses of a company through its various processes like accounts payable, accounts receivable. Profit and Loss Accounts, balance sheet and others.

The process of accounting helps a business monitor its taxes, cash flows, inventory, payroll and other financial liabilities and assets. Through the proper maintenance, classification and recording of financial data according to a set guidelines, organisations are able to make business decisions in all other areas such as marketing, reinvestments, research and development, and company expansion and diversification. Company audits are carried out on the finance and accounting data to monitor discrepancies, and accountants are accountable for any such variations.

Job of an Accountant

As an accountant, you will be responsible for thorough creation and maintenance of all of the above-mentioned financial responsibilities, ensuring that they are accurate and comply with laws and regulations of the land. You would need to use accept accounting procedures to create and maintain financial records and ensure that taxes and other liabilities and duly paid on time. In addition, accountants also advise management on ways to cut costs and increase profits. They study spend patterns and analyse trends to project future revenues and expenses.

Key skills required

The key skills required for an accountant are:

Quantitative skill
Knowledge of varied accounting topics and techniques
Awareness of GAAP (generally accepted accounting principles)
Strong understanding of business
Understanding of industry practices and principles
Strong theoretical knowledge
Knowledge of stock market, trade and investment (career specific)
Analytical skills
Ability to understand and interpret numerical and statistical data

Best Finance & Accounting Degrees offered by Universities in Malaysia for International Students

University	Degree	Eligibility & Intake	Fees
Sunway Centre for Accountancy Excellence (CAE)	Diploma in Accounting – 2 years Full time	SPM / O-Level: Pass with minimum 3 credits including Mathematics and English UEC: Pass with minimum 3 Bs including Mathematics and English: ENGLISH: IELTS - Minimum Band 5.5 INTAKE: January, March & July
	Diploma in Finance – 2 years Full Time	SPM / O-Level: Pass with minimum 3 credits including Mathematics and English UEC: Pass with minimum 3 Bs including Mathematics and English ENGLISH: IELTS - Minimum Band 5.5 INTAKE: January, March & July
	Association of Chartered Certified Accountants (ACCA) – 2.5 years Full time	CAT qualification with 5 credits in SPM; or ii. 2 principal passes in STPM / A Level; or iii. Pre-University programme such as Foundation and Matriculation Programmes; or iv. Degree from approved universities ;or v. other equivalent qualifications recognized by the Ministry of Higher Education, Malaysia. INTAKE: January, March, April, July and September	RM 16,690
	Certified Accounting Technicians (CAT) – 1.5 years Full time	SPM / O-Level or equivalent: 5 Cs (including English and Mathematics) TOEFL: 550 paper-based, 213 computer-based, 80 internet-based IELTS: 6.0 MUET: Band 4 SPM English: C INTAKE: January, March, April, July and September	$3,270
	The Institute of Chartered Accountants in England & Wales (ICAEW) – 3-5 years Full Time	Aged 18 years and above, or 23 years and below. Diploma / Advanced Diploma and Degree in any field of studies from a nationally accredited university (CGPA 2.50 / pass) Professional accountancy qualification CFAB (pass) STPM / A-Level (CGPA 3.00 (BBB) and above / BBB and above) AUSMAT / SAM (ATAR 80 and above) CIMP / CPU (80% and above) MUFY (80% and above) CAT (80% average) IELTS: (Academic) minimum 6.5 and at least 6.0 for each individual band TOEFL: (paper-based) minimum 600 and TWE (Test of Written English) 6 INTAKE: March and September
	Certificate in Finance, Accounting and Business (CFAB) – Minimum 1.5 years Full time	Aged between 16 to 21 years, with a minimum of 5 Distinctions in SPM / O-Level, including Mathematics and English; or equivalent INTAKE: January, March, April and July
UniKL	Bachelor’s in Accounting (Hons) – 4 years Full Time	Entry requirements: - High school certificate - IELTS: 5.5 INTAKE: 25 February, 15 July, 22 September	RM16,900 per year
Swinburne University	Professional Accounting -	- High school certificate - IELTS: 5.5 INTAKE: March, July & September	RM 2,400 per unit of study
APU	Diploma in Accounting – 2years Full Time	- High school certificate - IELTS: 5.5 INTAKE: 2 April, 13 May, 23 September	RM22,500 per year
APU	PhD in Finance – 3 years Full Time	Entry requirements: -Bachelor’s degree 2.5 -High school certificate -Master’s Degree -IELTS: 6.5	RM 45,000
Taylor University	Master’s in Finance (Coursework) – 1 year Full Time	Entry requirements: -Bachelor’s degree 2.5 -High school certificate -IELTS: 6.5 INTAKE: 18 February, 6 May, 29 July, 14 October	$17,597
CITY University	Master of Accounting-Full-time: 1 - 4 years Part-time: 2 - 5 years	A Bachelor’s degree (Level 6 MQF) in accounting or academic field that does with a minimum CGPA 2.50 but below CGPA 2.75, subject to an internal assessment, OR A professional accounting qualification equivalent to a Bachelor’s degree (Level 6 MQF) received by the Senate, OR Other qualifications equivalent to a Bachelor’s degree (Level 6 MQF) with a minimum CGPA of 2.75 as received by the senate, OR Bachelor’s degree (Level 6 MQF) in accounting or related fields with CGPA below 2.50 is acceptable subject to a minimum of five years of working experience in the relevant field. For international students, TOEFL 550 score or IELTS score 5.5 or equivalent.

Career Prospects in Finance & Accounts

Depending of their area of specialty, students with a degree in Finance and Accounts can find themselves in any of the below-mentioned careers:

Accountant (trainee, public, professional and certified)
Actuary
Financial Auditor
Bookkeeper
Budget analyst
Credit controller
Finance Controller
Financial consultant
Financial examiner
Forensic accountant
Payroll administrator
Risk assessor
Tax advisor
Treasurer
Financial planning and management