Do you know that accountants play a huge role in The Academy Awards throughout the years?

A member of the Big Four accounting firms, PwC not only audits the financial statements of the Academy Awards and does the taxes, but it also monitors and oversees the election process of the Academy Awards!

You ought to think twice now before you say accountants are boring.

You might want to get a glimpse of the different types of Accounting while you are still studying before exploring it as a full-time future career.

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Discovering Different Types of Accounting When You Are Studying STPM Accounting

In the context of Malaysian students, you can still take Accounting as a subject for your Form Six studies (STPM) after completing your SPM before deciding to pursue your undergraduate studies in Accounting and Finance.

You will learn about various topics throughout your 3 semesters under Financial Accounting, Management Accounting and Accounting Application.

accounting degree malaysia
Your STPM Accounting topics will help you to build a good foundation before pursuing a degree in Accounting and Finance.
Source: Xframe

Semester 1 - Perakaunan Kewangan (Financial Accounting)

  • Asas Perakaunan Kewangan
  • Aset
  • Liabiliti dan Ekuiti
  • Koperasi
  • Rekod Tidak Lengkap dan Catatan Tunggal
  • Kawalan Dalaman

Semester 2 - Perakaunan Pengurusan (Management Accounting)

  • Aras Perakaunan Pengurusan dan Kos
  • Kaedah Pengekosan
  • Pengekosan Marginal dan Serapan
  • Analysis Kos-Volum-Untung (KVU)
  • Pembuatan Keputusan
  • Pengekosan Piawai

Semester 3 - Pengaplikasian Perakauanan (Accounting Application)

  • Sistem Perakaunan Berkomputer
  • Belanjawan
  • Perkongsian
  • Syarikat Berhad
  • Analisis dan Tafsiran Penyata Kewangan
  • Penyata Aliran Tunai

Apart from regular examinations during the 3 semesters, STPM candidates will also need to complete 2 coursework assignments during the final semester. You may access them via MPM's official website for the complete guide and other sample questions for this subject under Perakauanan (Code 948).

What Are Some Interesting YouTube Channels To Enhance Your Accounting/Finance Learning?

Raise your hand if you have turned to YouTube for a quick tutorial to learn something new! YouTube is no stranger when it comes to optimizing digital learning across all generations, nationalities and topics of study.

Here are four YouTube channels that you can subscribe to for various Accounting and Finance content, ranging from examination study tips, industry experience as accountants as well as personal finance recommendations.

types of accounting online
You can access many informative videos about Accounting and Finance on YouTube.
Source: Pixabay

Edex World (For IGCSE and A-Level syllabus)

This YouTube channel covers the entire chapters of the IGCSE syllabus for Accounting. The instructor uses short notes, mind maps and insightful point forms to illustrate his message.

He also demonstrates how to answer IGCSE Accounting questions by showing step by step workings (what goes to the debit and credit balance sheet) and explaining the reason behind the answers.

Didik TV KPM (For SPM and STPM syllabus)

This is the best platform to access SPM studying techniques for Prinsip Perakaunan. In the context of this subject, videos are uploaded according to Accounting topics and also according to Paper 1 and Paper 2 of the SPM Paper.

For instance, some of the videos are:

  • DidikTV Road To Success SPM 2020 | Prinsip Perakaunan (Kertas 1)
  • DidikTV Road To Success SPM 2020 | Prinsip Perakaunan (Kertas 2)
  • DidikTV Road To Success STPM 2020 | Perakaunan
  • DidikTV Road To Success SPM 2021 | Prinsip Perakaunan - Klasifikasi Akaun dan Persamaan Perakaunan
  • DidikTV Road To Success SPM 2021| Prinsip Perakaunan - Dokumen Perniagaan Sebagai Sumber Maklumat
  • DidikTV Road To Success SPM 2021 | Prinsip Perakaunan: Buku Catatan Pertama

All you need to do is just key in "Perakaunan" in the search box of the Didik KPM YouTube channel and you will then be directed to a comprehensive list of YouTube videos for the subject.

365 Careers

365 careers is a business and finance graduates focused educational channel.

If you subscribe to this channel, you will get an overview of debits, credits and why accounting is so practical in our everyday life.

You can find videos on basic accounting, the ways to become a financial analyst, business strategies and even tips for banking investments.

Gabrielle - Everything Money and Career

Follow the adventure of Gabrielle Lee, a Canadian accountant who is currently a tax accountant and has experience working at a Big Four firm.

You will not be disappointed in terms of this channel's content! Gabrielle's vlogs are authentic, real and educational at the same time.

She gives us a real perspective on what it's like to work as an accountant, why she chose tax over audit, her job scope and experience as a tax associate, job interview tips as well as the reasons for pursuing the Certified Public Accountant (CPA) examination.

If you are currently taking your Accounting and Finance degree, this should be your go-to YouTube channel!

You can also read more about the prospects of an Accounting and Finance degree - which includes the information about the Big Four.

What Are Some Massive Open Online Accounting/Finance Courses You Can Enrol In?

Massive Open Online Courses (MOOCs) have been on the rise in recent years, and even when the major global lockdown took place, many have found great solace in learning new skills through these flexible educational platforms.

Here are three online courses on Accounting and Finance that you can pick up and learn anytime and anywhere you want.

study online accounting degree
Online courses can help you to deepen your understanding of various aspects of Accounting and Finance at your own pace when you are working.
Source: Xframe

a) Bookkeeping for Personal and Business Accounting (FutureLearn)

This course is created by The Open University and covers various topics over the course of 4 weeks.

You will learn through a mix of bite-sized videos, long- and short-form articles, audio and practical activities.

It does not matter if you are a student, freelancer or a small business owner, you would love to have a systematic and comprehensive introduction to bookkeeping and financial accounting.

Week 1 - Financial accounting and reporting
Week 2 - Essential numerical skills
Week 3 - Double-entry and the balance sheet
Week 4 - Accounting

b) Introduction to Finance: The Basics (Coursera)

This course is offered by the University of Illinois at Urbana-Champaign.

Some of the learning outcomes include:

  • Cultivate a financial knowledge base by learning essential topics in modern finance.
  • Comprehend and apply the time value of money to value financial and real asset investments and to make investment decisions.
  • Be equipped to carry out analysis using information from financial statements.
  • Grow an understanding of the issues managers must consider when making financial decisions.

c) Accounting for Investment and Managerial Decision-Making (LSE)

If you are looking for a flexible and widely recognized online course that equips you with the financial and managerial accounting skills to make better business and investment decisions, you should certainly enrol in this course offered by the London School of Economics.

For eight weeks, you will learn amazing modules from this course structure which draws from many real-life examples and practical case studies.

The next starting date is expected to be in February 2022, so be sure to register by early January next year.

The table below shows the overall course structure.

NoModule Titles
Introduction Orientation Module
1The building blocks of financial reporting
2Financial performance assessment: The income statement
3Financial position and capital structure: The balance sheet
4Financial statement analysis
5Management accounting concepts and principles
6Delegation and control
7Measuring and incentivising profitability
8Incentives, monitoring, and feedback to drive results

How To Learn Accounting/Finance Comprehensively? Hire A Superprof Tutor!

After reviewing the above online courses, you might have some idea of the core topics, possible career opportunities and the application of knowledge of Accounting and Finance in your life.

Having said that, direct instructions, constructive feedback, suggestions and progress monitoring at each level play an important role to ensure you can master something comprehensively.

One of the best ways to learn something new flexibly and effectively is to learn from a private tutor!

At Superprof, you can gain access to 37,877 Accounting tutors from various parts of Malaysia!

Here are some reasons why you should hire a Superprof tutor:

a) You get to choose a tutor that teaches physically near your location (home tutoring lessons at your place/your tutor's place) 

  • Kuala Lumpur
  • Seberang Perai
  • Johor Bahru
  • Ipoh
  • Shah Alam

b) You can select a private tutor with an affordable rate 

Using the filtering tabs at the Superprof website, you can adjust your maximum budget according to your personal preference and also check the average price of an Accounting lesson at different cities/modes of learning.

For instance, the average price of online lessons is RM34 per hour whereas the average price of Accounting classes in Kuala Lumpur is RM50 per hour.

Tip: Online classes are on average 20% less expensive than face-to-face classes.

From there, you can do a clear comparison and instantly connect with a tutor that fits your bill!

c) You can learn and progress at your own pace according to your studying level and qualification 

Whether you are sitting for your STPM, A-Levels or even currently studying a degree in Accounting and Finance, you can always improve and enhance your comprehension of the subject with the help of an Accounting/Finance tutor.

While various learning resources are constantly available for you to access, it is mostly one-sided and greatly relies on your own effort to sustain your motivation.

Having a tutor will not only lead you in the right direction (step-by-step guidance) but will also equip you with the right techniques to ace your examinations, direct application in your real life and also allow you to master the topics without feeling pressured.

You can also have a personalised learning experience where you can receive undivided attention from your tutor and engage in continuous Q&A sessions to maximize your ability to understand what you have learnt.

An investment in knowledge pays the best interest. - Benjamin Franklin

You'll never regret investing in a Superprof Accounting lesson!

Quickly head to the Superprof Malaysia homepage today to have a great headstart to be a master of Accounting and Finance!

You might even end up being part of a significant event in the future, such as calculating the votes of the first Malaysian recipient of the Best Actor/Actress Award of the Academy Awards!

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