I had done my SPM last year and currently i`m waiting to get my result.. However, i`ve been eyeing on accountancy.. But i dont know wat are CAT,CPA,ACCA, ICAEW, CFAB all about.. Been hearing a lot from teachers but i`m still Can someone enlighten me? Million thanks in advance..

And one more thing, can i hope for getting into local universities and opt for accountancy by venturing into form 6 1st? Will it save cost and wat`s the minimum score i should get in order to be qualified for accountancy course in local uni?

*wat if i dont do well in form 6? time will be wasted or i can salvage it and straight away go for degree?

This post has been edited by Jason3399: Jan 12 2011, 02:16 PM

if u are dead set in accountancy..go straight for either acca or icaew.. no point going into degree in malaysian uni as you would still be required to go for these professional bodies by the big 4 audit firm although acc grad from public uni can become mia members.. moreover, there are rumours that government is planning to scrap this route soon... moreover, people who go for degree usually wnat it due to the brand name of university and i highly doubt local public uni can give u the brand name u want outside of malaysia..acca or icaew would be much better.

furthermore, after completing cat and acca part 2 which altogether requires 2 years only, you cna do a theses and be awarded a degree by university of oxford brookes

not only that, acca will only takes 3 years in contrast with degree in public u of 6 years..( 2 years stpm and 4 years degree).. or u cna opt for icaew where you join cfab for 1 and half years den another 1 year for icaew..den work for 3 years while doing 3 more papers and become member of icaew.. it's the most prestigious accountancy body.

This post has been edited by Knight_2008: Jan 12 2011, 02:37 PM

Hmm.. Which means take CFAB then proceed to ICAEW is faster than ACCA is it? Which is more recognized worldwide?

both is almost equal length..

cfab 1.5 years..den 1year full time study of icaew..den 3 years training while taking 3 more papers..den chartered accountant.. altogether 5.5 years..

cat 1 year... acca another 2 years (can be 1.5 years if you willing increase ur workload)..then another 3 years of working..altogether 5.5 to 6 years den only Chartered accountant..

icaew is much more prestigious but also harder...furthermore, the 3 years training is bonded..which mean you cannot jump to other firm..

I see.. Is it really very hard? hard in the wat way o? Currently which college offer the best course for accountancy?

sunway and tarc

thanks bro.. but ppl say ICAEW is harder? hard in wat way wor?

Its harder than SPM in many ways that you are ever imagine. I assume you took accounting for your SPM. That is just a lil tiny small part of it.

ICAEW is harder than ACCA because there is a module that combines all the knowledge you learn eg. finance, accounting, tax etc. into 1 paper, unlike ACCA that separates these modules into different papers.

OMG But we just gotta pass right? How much is the course? I mean to become chartered accountant in either ways, ICAEW and ACCA?

acca cost about 35k inclusive of the OBU degree..icaew i'm not sure..why don't you visit sunway and ask around..

Dad is busy. Mom dont know anything Anyhow i`ve been bugging my dad about it ad.. I was informed by Sunway tat ICAEW cost around RM48000.. Now i dont know which course to choose already.. Some more cant take PTPTN loan..

This post has been edited by Jason3399: Jan 12 2011, 07:36 PM

i assume u are either 17 or 18 right? go yourself, no one is going to kidnap you, lol. on a more serious note, you can also e-mail them

anyway, i would personally recommend icaew if you're a bright student. it's considered creme de la creme of the professional body

I'm a CFAB/ICAEW student. You can PM me if you have any questions regarding Sunway's CFAB/ICAEW

My personal opinion is as follows ...

If you can enter local university, go for it; gain local degree in accounting first, secure MIA membership first; then "baru" take the profession course, as these professional course is not cheap and not easy to get passed.

Additionally, you ask yourself, whether you are top student or at least above average ++. If not, don't take risk, and waste your time to resit those professional course's paper. Secure a seat of MIA first, then earn money with your MIA membership and go for professional course.

Again, in future, you might change your mind, as the world is not only accounting, and there are many many many others.

Conclusion:

1) If you are eligible to local university, then go for it
2) If your family income is not above average, got for local university, as it is cheaper, and you can experience campus life.
3) If you are not top student or least above average ++, then go for local university, don't take risk. And you might say, you still young enough to take risk; but, why need to do that, as the world is not only accounting, and there are many many many others.
4) You must consider you capability, and try within shorter time to secure MIA member (if you aim is Malaysia Accountant), and from this point, expand your view to professional course or other fields (not necessary accounting field)

Good luck.

I am having the problem almost same with you neither... I am taking Diploma in Accountancy now in Segi College Penang. I am now considering about I should futher my study in ACCA or Degree... My friends told me that they are going to take Degree because after graduate from Degree there are 5 paper can be examted, so I actually don't know which should I take

if your going to continue to Bachelor Degree at least find a Degree that can give you the nine maximum exemptions rather than 5 which is quite little ^^"

But wat if i cant get a place in local uni? or maybe if i got the place, will i be able to choose accountancy? ACCA cant be consider as degree? And getting MIA membership is a must?

Thanks for your advise
But I don't know I should take Bachelor Degree or ACCA... Is that true that ACCA is difficult to pass??

just go directly for acca. unless your degree is from top ranking uni such as nottingham, lancaster or monash, there's not really any point in taking a degree up..

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Added on January 13, 2011, 12:13 amif u can afford acca, den go for it. and getting MIA is not a must if u are not interested in starting ur own practice (ie. open ur own firm for accounts or audit related services).. a membership in foreign professional bodies are widely recognised in malaysia as well as overseas.. btw..so as longas u are member of acca or icaew, you can apply for direct entry into MIA.. don't bother about it if u don need it as u will need to pay membership fees..

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Added on January 13, 2011, 12:13 amyou should be able to pass if you're hardworking

This post has been edited by Knight_2008: Jan 13 2011, 12:13 AM

ooo.. tat means no need local accounting degree also can become MIA member lo.. study in UTAR will be much cheaper?