ACCA is not a Degree, it's a professional qualification though if you submit a research paper you can get a Degree in Applied Accounting from Oxford Brookes University. Or you can always go do a Degree first then get exemptions for some papers and do ACCA later.
By law, if you are not a member of MIA you can not work as or even imply you are an Accountant or anything similar in Malaysia. Being a member of ACCA,CPAA,ICAEW etc. would allow you to register yourself as a member of MIA.

ACCA can be said to be difficult but also a lot of other things like Degrees from some Universities but even so there's so many people who get through every year. If you think it's harder than get a Degree that can give you nine exemptions so you would just have 5 papers left and if you can't get through that then at least you would have a Degree.

If i`m holding ACCA qualification already, then i just gotta pay annual fee to become member of MIA?

*take degree need how long?

Ya, you are right. The reason why my friends choose to futher their studies in degree is because they want to have examptions in ACCA. For them, ACCA is difficult to pass. Do you know about the fees of studying ACCA??

This post has been edited by Irene Ng: Jan 13 2011, 12:25 AM

35k in sunway inclusive of the obu degree fees..

yes if you have become a member of ACCA then you are elligible to register yourself as a member of MIA. Just need to pay the annual membership fees, no extra papers or stuff like that to take.
If you take a Degree you would still need to go and become a member of a recognized accounting body like ACCA,CIMA,CPAA,ICAEW etc. before you can become a member of MIA. A Degree would usually take three years and then it would depend on how many papers you get exempted and how long it takes you to pass the remaining ones.
Graduates of IPTAs and some unis like MMU can become a member of MIA without taking stuff like ACCA etc. just need to get a minimum of 3 years work experience in the accounting field and you can become a member of MIA though there are talks to change that now though nothing is confirmed yet and it is likely the IPTAs will strongly protest to this.

well, for now, straight away take ACCA or ICAEW is the better choice right? but which 1?

This statement is not correct. It is an absolute must if you want to practice as an Accountant in Malaysia.



and also under Sections 22 and 23 of the Accountants Act 1967 it compulsory to be a member of MIA in order to hold position as an Accountant or any similar positions or even to imply you do any form of an Accountant's work.

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Added on January 13, 2011, 1:14 amICAEW is usually seen as one of the hardest professional accounting qualification to obtain.

This post has been edited by Hikari0307: Jan 13 2011, 01:14 AM

but take either of these professional course then just pay the membership fees for MIA also will do d right? No need susah-susah go take degree..

yes.
Most people who takes a degree first either
1) Wants exemptions and don't want to take so many professional papers.
2) Not really interested to be an accountant.
3) Wants to build up their soft skills in University first.
4) Improve on their resume by taking part in a lot of Activities which are usually available to you during a Degree.
5) Wants to have a back-up since if you jump into stuff like ACCA straight after SPM and didn't get through than your just an SPM holder

and the list goes on and on. A list for people who take ACCA straight away instead of a Degree first also goes on and on. It depends on you ^^

ya

with constant revision, i can pass right? wat about assignment? how many % exam and how many % assignment?

Of course with hard work things will get easier ^^
Professional exams like ACCA etc. have no Assignments. It is not a Degree where you are tied with an institution and you do assignments for carry marks, you can even self study,pay exam fees and just go take the exams. It is 100% based on the examinations.

It's all boils down to your own capability in term of academic strength. No point really go for a course based on forumers suggest to u ( no offence). Do some research about the exam behind the acca or icaew. There is plenty passed years paper for u to see how the exam been structured.

It not a wise judgement to choose merely based on ppl claims how fast the duration of the course u can completed it. No everyone capable to make it within the duration. Just an example, acca is tough enough to the extent for candidates reach mature ages still struggling to pass the professional paper.

I'm not here to discourage u but just to give u some facts when thing doesn't worked out (u would ended up with nothing). Plenty of ppl called quit in half way ended up without any proper qualification. Yes, you still young now, but few years down the road when u're at 23 or olders still unable to completed acca, u have to opt for part time route. Assuming u're about join for big4 and bear in mind that an auditor work load is extremely high.

Be prepared if u're high ambitious aimed for icaew even, the route will be more tougher ahead. So i would suggest u to discuss with seniors who are working or had done the professional paper. No point to be blindly listening ppl who didn't taken the exam before. They might not know how tough the exam set in later stage.

And YES for your question, the MIA is essence that most accounting background scholar eyeing for. Most common ppl will opt for professional body like acca or Cpa (australia) to certified as an accountant (applied MIA). Besides that, you can also opt for our local accouting body (MICPA) but fewer ppl will opt for this as is not international recognised.

If u want prestigious professional body u can opt for ICAEW or ICAA (australia) that enable u become chartered Accountant.

he's a 10 As student based on his post in another thread. So long as he is willing to work hard, his intelligence will definitely enable him to pass ACCA

Other professional bodies like ACCA,CIMA etc. also would allow you a road to become a Chartered Accountant.

i`m just worry about how hard it is to pass the exam.. then i ended up with nothing at all like wat Miss said i`m so dead if such thing happens..

if u put 100% effort.i would say u can make it.based on my personal opinan is do not give up so easily if u fail the paper few time.u need to tell yourself i fail maybe because i still not well verse with that paper only i need to work harder for next sitting.

but need to keep paying extra $$ lo... anyone here have any experience on taking the same paper again for a few times?

that's the reason there's no longer the post of accountant in most companies. if u work for MNC, you would most likely be called finance executive, finance manger, financial controller or even cfo.. u are not holding out youself as accountant and as such will not breach the law..

in commercial line, title is not important but job scope and the pays should be more of ur central concern.

only when u practice as a public accountant, will MIA be be very important.. I'm pretty sure most MNC will not mind u not having MIA qualfication as along a you are a member of some professional bodies like acca and ICAEW.. at least that's what I heard from HR of some companies during the career fair

oh well.. gotta inquire more though.. get ready for March intake most probably..