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?

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

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

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??

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??

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..

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.

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

Note that they always put "or any other term of like description" "description in such circumstances as to indicate or to be likely to lead persons to infer  that he is a chartered accountant or that he is qualified by any written law to practise the profession" "  ©  adopt, use or exhibit the terms "accountant" or any other term of like description in such circumstances as to indicate or to be likely to lead persons to infer that he is a licensed accountant or an associate member. "

It DOESN'T MATTAR WHAT IS THE JOB TITTLE, the law covers job tittles and also job scopes, so saying
As far as the professional bodies are concerned what you are saying is like saying doing a Doctor's job is ok if your not registered with MMC as long as you don't call yourself a Doctor.

Fact is if they were to perform an Accountant's duty and not be a member of MIA, then it' against the law in Malaysia. You can't even indicate that you provide such services, you can't even put stuff that will make people infer that you might be an Accountant or provide such services.

Companies will take you in if you are a member of ACCA etc. since by being a member of those bodies you are elligble to become a member of MIA.

Even u become a member though, the yearly membership fee AUD#600 = RM 1,800 each years. I bet u find a company with policy pay for employees membership fees.

oh ya guys.. wat is Big4?

Ooo.. think i gonna take ICAEW instead of ACCA if tat`s the case..

You got that wrong.

1) The best CAT students will be selected to go for ICAEW after finishing their CAT

2) They will do 1 year full time, ( 8 papers ) in Sunway

3) Then they go BDO

1 year faster than ACCA

whoa.. My family financial status is not good.. Wanted to take loan but PTPTN doesnt approve if its a professional course.. any other ways tat i can get loan?