The subject of accounting is known as the language and backbone of the business. It is also known as name accountancy. Whether you are in the medical sector or teaching, an accountant is a must to run any sort of sector. Hence, studying accounting can be a great option especially because of the emerging demand.
Having a rich culture, a high-level education system, and a plethora of universities, Malaysia can be a great experience to study. Accounting in Malaysia is one of the most well-known programmes in the world. Hence, if you are looking for higher education in Accounting you can undoubtedly choose Malaysia which is also affordable. There are many Accounting in Malaysia. Let’s explore some of the best Accounting programs in Malaysia for international students.
What Skills Do You Need To Study Accounting?
To study accounting you must have some skills. They are highlighted below:
- You have to have some advanced knowledge of the topics of accounting.
- In this modern and technological era, you must have a computer and technological literacy.
- You must be a critical thinker so that you can think out of the box.
- Time management is the most needed quality for any sector of work.
- As accounting is vast, you must have the quality of taking the pressure of work and study.
- You must be well-known regarding the facts of business.
Why Study Accounting In Malaysia?
Malaysia welcomes students from all around the world. It is a country that offers a wide range of facilities for students. Working while studying, affordable tuition fees, a strong international student community, long-term & short-term degrees, easy immigration process, international recognition, high quality of living, and a great place for travel destinations and many more reasons are there for international students in Malaysia as their study destination.
If you are an international student, your life in Malaysia can be amazing. You can experience low-cost living with cultural and food diversity, and friendly weather. The above-mentioned are some of the main reasons students chose Malaysia as their study destination. Besides a variety range of education programmes, accounting programmes are always focused on high-quality education.
Top 12 Malaysian Universities For Accounting
Malaysia has a plethora number of universities to do accounting programme. Amongst them, some have been naming the world’s top university ranking. Below we have picked the best universities, some are named in the QS ranking and some are low-cost universities so that you can have options while selecting.
Accounting Foundation Degree In Malaysia
| University | Location in Malaysia | Programmes offered | Duration | Annual Tuition Fees |
|---|---|---|---|---|
| Tunku Abdul Rahman University of Management and Technology (previously TAR UC | Wilayah Persekutuan Kuala Lumpu | Foundation in Accounting | 1 Year (Full Time) | Starts at $4610.75 |
|
Asia Pacific University of Technology and Innovation (APU)
|
Kuala Lumpur | Accounting, Banking, Finance and Actuarial Programs | 1 Year (Full Time | Starts at $5838.74 |
| Taylor’s College | Subang Jaya, Selangor | ACCA Foundation in Accountancy (ACCA FIA) | 1 Year (Full Time | Starts at $3487.03 |
| INTEC Education College | Shah Alam, Selangor | ACCA Foundation in Accountancy (ACCA FIA) |
1 Year (Full Time)
|
Starts at $3155.70 |
| UCSI University | Kuala Lumpur (private university | Foundation In Arts (Accounting / Finance / Economics) | 1 Year (Full Time) | $ 7221.92 to $ 10,000 |
Higher Education in Accounting in Malaysia: Top Universities
| No | University | Location | Program offered | Duration | Annual Tuition Fees | QS Ranking |
|---|---|---|---|---|---|---|
| 1 |
University of Malaya (UM)
|
Kuala Lumpur (Public University) |
Bachelor of Accounting (BAcc)
Accounting programme (MAcc) |
4 years (Full time)
1½ to 2 years |
$ 18,400
$ 10,000 |
65 (5QS Stars) |
| 2 | Universiti Putra Malaysia (UPM) | Seri Kembangan | Bachelor of Accounting (Honours) | 3 to 4 years (Full time | $ 27,826 | 143 (5QS Stars) |
| 3 | Universiti Kebangsaan Malaysia (UKM) | Bangi, Selangor | Bachelor of Accounting with Honours | 4 Years (Full time) | $ 15930.72 | 144 (5QS Stars |
| 4 | Taylor’s University | Subang Jaya, (Private University) | BA Hons Accounting & Finance | 3 Years (Full time) |
$ 27,826
|
=332(5QS Stars) |
| 5 | SEGi University | Selangor, (Private University | Selangor, (Private University | 3.5 Years (Full time) |
$ 10,000 to $15,000
|
– |
| 6 | Universiti Sains Malaysia (USM) | Gelugor (Public research university) | Bachelor Of Accounting | 4 Years (Full time) | $ 10,000 to $20,000 | 147 |
| 7 | Universiti Teknologi Malaysia | Skudai (public research-intensive university | Bachelor of Accountancy (Hons) | 3 to 4 years (Full time) | $ 14868.67 | =191 (5QS Stars) |
| 8 | UCSI University | Kuala Lumpur (private university) | Bachelor Of Commerce (Hons) In Accounting And Finance | 3 Years (Full time) | $ 15161.32 to $ 20,000 | =347 |
| 9 | Universiti Utara Malaysia (UUM) | Main campus: Sintok, Kedah. Branch: Kuala Lumpur | Accounting (Hons) | 4 years (Full time) |
$ 15000 to $ 20,000
|
511-520 |
| 10 | International Islamic University Malaysia (IIUM) | Kuala Lumpur | Bachelor of Accounting (Honours) | 3.5 Years (Full time) | $ 8,000 to $10,000 | – |
| 11 | Asia Pacific University of Technology & Innovation | Kuala Lumpur (Private Institution | BA Hons Accounting and Finance | 3 Years (Full time) | $ 18,374 | – |
| 12 | MONASH University | Selangor | Bachelor of Business and Commerce degree | 3 – 4 Years (Full time) | $10,000 to $20,000 | – |
Distance Learning on Accounting in Malaysia
| University | Programmes | Duration | Tuition fee |
|---|---|---|---|
| University Sains Malaysia |
Business Administration (Online) Business Administration (Online) – Dual Degree |
2 years 2 years |
$ 5967.12 /year $ 3480.73/year |
Entry Requirements For Accounting Programmes In Malaysia
Nothing comes for free. You have to work hard if you wish to achieve something. Likewise, if you wish to earn a degree in Accounting, you must meet some requirements. The most valued programme, Accounting in Malaysia has some entry requirements to fulfil before enrolling in the programme. Generally, all the universities in Malaysia require some requirements to match. When you meet all the requirements then you will be qualified to do Accounting courses in Malaysia. The followings are the requirements:
- Foundation: It is a foundation or the Pre-University programme course for accounting in Malaysia. You need to finish your primary school or O-level (Secondary School Certificate) which should include subjects Mathematics, introductory business courses and English. If you are a local Malaysian student then you must pass the Sijil Pelajaran Malaysia (SPM), or the Malaysian Certificate of Education.
- Diploma in Accounting: For diploma enrolment, local Malaysian students must pass the Sijil Pelajaran Malaysia (SPM), or the Malaysian Certificate of Education. For foreign students, you need to complete your high school or secondary school or O-level (Secondary School Certificate) with a minimum of 3 credits including English and Mathematics are the requirements or passing the foundation stage will be accepted.
- Association of Chartered Certified Accountants (ACCA): It is a leading international body programme that is equally equivalent to bachelor’s and master’s for professional accountants.
- Bachelor’s degree: Good grades in Mathematics, English and business-related subjects, preferably accounting, economics, and statistics.You have to pass the English proficiency test.For Malaysian locals, Sijil Tinggi Persekolahan Malaysia (STPM), or the Malaysian Higher School Certificate is mandatory.
- Master’s degree: Bachelor’s degree (with honours) or equivalent in the relevant field and an English proficiency test must be conducted.
Duration Of Accounting In Malaysia?
- Foundation programme lasts for a maximum of 1.5 years.
- Diploma courses generally last for two years.
- Bachelor’s programmes generally end in between 3 to 4 years.
- Master’s programmes generally end in between 1 to 2 years.
Approximate Cost and Scholarship To Study Accounting In Malaysia
The tuition fees and scholarships vary from university to university. However, the rough calculation can help you out. See below:
| Approx Tuition Fee | Approximate Cost |
|---|---|
| Foundation – $ 5898.31 for International students. – $ 3303.06 for locals. Diploma – $3712.54 to $10,000. Bachelor’s degree – $4000 to $27097.08. Master’s degree – $4241.28 to $11781.34 |
20-50%
20-75% 20-100% |
All of the above mentioned information is subject to change at any time based on the universities’ rules and regulation.
Demand of Accounting Subject & Yearly Income Globally
Fields of Accounting
The field of accounting is diverse. If you are thinking that accounting is the only area then you are wrong. There are many fields and different types of accounting degrees available in Malaysia. Let’s explore the fields of accounting below:
- Financial Accountant
- Managerial Accountant
- Internal/External Auditor
- Tax Accountant
- Forensic Accountant
- Fiduciary Accountant
- Government Accountant
- International Accountant
- Social Accountant
- Public Accountant
- Chief Financial Officers
- Bank Officer
- Data analyst
- Lecturer
- Consultant
- Budget Officer
Famous Certifications In Accounting
If you are interested in earning one of the most rewarding certificates then accounting in Malaysia is only for you. The programme, accounting is very diverse and broad. After completing the degree in accounting you will receive some prestigious certificates that may lead you to a promising future.
You can Certifications like Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Chartered Financial Analyst (CFA), Certified Fraud Examiner (CFE), many more.
What courses will be covered?
There are many factors interlinked in Accounting. If you are interested in earning an Accounting in Malaysia, you will learn a variety of topics. Generally, different universities have different sorts of courses. Below we are highlighting some of the general courses that most universities cover for Accounting in Malaysia.
- Principals of Accounting is one of the major and main topics that most universities cover at the very beginning of an undergraduate degree.
- Accounting theories after the introductory courses in most Malaysian universities go deep into Accounting theories.
- Auditing is one of the prime topics of accounting.
- Budgeting is also covered making students understand all the governmental issues.
- Cost accounting, Financial accounting, Managerial accounting, and Tax accounting are some of the major topics covered in Accounting in Malaysia.
- Business ethics, Business policies, Computer applications, Finance and Economics aspects, etc all are covered to give students ideas.
Career Opportunities
If you are planning to do an Accounting in Malaysia, you are exactly on the right path. Accounting in Malaysia will be beneficial for you in terms of many factors. The knowledge gained from the degree will award you a promising career with a solid knowledge of Accounting from an international perspective. All the universities have internship and work facilities.
Moreover, Students will be given practical and physical ideas. You can also conduct research-based work while studying. After earning an Accounting in Malaysia you will flourish in different sectors as Auditor, Tax consultant, Bookkeeper, Accounts Officer, Management or Financial accountant, Lecturer, and many more.
FAQs
Which Accounting certificate is best in Malaysia?
Certifications like Certified Public Accountant (CPA), and Certified Management Accountant (CMA), are in high demand.
Which country is popular for Accounting jobs?
For accounting careers, Malaysia is at the top then comes China and Hong Kong, and Australia is also good for careers in accounting.
What types of accountants are in demand?
If you are an Auditor or Accountant or Credit analyst, you are highly encouraged all over the world.
Conclusion
Malaysia is in high demand in terms of higher education. Additionally, if you do accounting in Malaysia, it will be a win-win situation for you. You will be privileged with an excellent educational system, low-cost tuition fees, superior career opportunities, and so on. As a result, Malaysian universities always rank in the top 100 of the world’s best university list.
Starting your career by graduating with accounting in Malaysia will be a smart choice. You will be awarded a high range of salary in a prestigious job sector after receiving an Accounting in Malaysia. To gain more knowledge on Malaysia and its scholarship you can read our article on Study in Malaysia.
