- Should I Take Prinsip Perakaunan For My SPM And What Is The Exam Format Of This Subject?
- What Are The Differences Between Accounting and Finance?
- Why Should I Pursue A Degree in Accounting and Finance?
- What Are Some Universities To Study Accounting and Finance?
- How Can A Tutor Help Me To Do Well In Learning Accounting & Finance?
“Accounting is the language of business.” — Warren Buffett
Money in, money out.
Keeping records of expenses, adding value to investments.
Welcome to the world of accounting and finance!
Continue reading to find out what does it take to pursue a career in this industry!
Should I Take Prinsip Perakaunan For My SPM And What Is The Exam Format Of This Subject?
You can have a headstart to master Accounting and Finance in your secondary level education in Malaysia! You can take the subject regardless of your streams (Science/Arts) in school.
If you are considering Accounting as one of your future careers, it is advisable for you to take the SPM Prinsip Perakaunan subject when you are doing your Form 4 studies.
It will help you to lay a strong foundation as you proceed to do your Pre-University or undergraduate studies in Accounting and Finance later.
Format of SPM Prinsip Perakaunan (Code: 3756)
a) Paper 1 (3756/1)
- 40 objective questions
- Duration: 1 hour 15 minutes
- Weightage of final grade: 20%
b) Paper 2 (3756/2)
- Subjective questions
- Section A: Answer all 3 questions (60 marks)
- Section B: Choose 2 out of 3 questions (40 marks)
- Duration: 2 hours and 30 minutes
- Weightage of final grade: 60%
c) Paper 3 (3756/3)
- Assignment based assessment
- Project 1: Form 4 assignment
- Project 2: Form 5 assignment
- Weightage of final grade: 20%
You can always find good Accounting tutors around you to master the core topics of your examination.
What Are The Differences Between Accounting and Finance?
As you are reading this, you may be wondering about the relationship between Accounting and Finance.
Why are they linked together most of the time and why are they sometimes offered separately as a degree of study?
You may refer to the table below for a brief summary of the main differences between these two fields.
|Employers and clients||Corporations, Accounting Firms||Banks, Corporations|
|Purpose||Record and report financial data||Analyse financial decisions based on data collected|
|Focus Point||Past (Timeline based, by year, quarter, given period)||Future (Prediction, summary, suggestions)|
|Undergraduate degree needed||Accounting|
Accounting and Finance
Banking and Finance
Depending on your interest and career inclination, you can either choose to major in Accounting, Finance or even both to have more flexibility to switch to different industries in the future.
Why Should I Pursue A Degree in Accounting and Finance?
You don't become an accountant/banker/finance planner overnight.
It is a profession that requires rigorous training and continuous assessments to qualify to be one. Hence, you need to enrol in an accredited undergraduate degree.
Here are some practical reasons why it is worth your time and money to have a degree in accounting and finance.
a) Many career opportunities: Great demand in Malaysia and countries around the globe
Every business (big or small) requires an accountant when it comes to sorting their corporate budget, financial statements, investments, and taxes. You are needed everywhere!
b) You have a knack for maths, details, data organization, and the business field
Numbers, money, statistics. If these three are listed in your top 5 favourite things, you might as well translate this passion into your career. Your degree will equip you with the right learning modules to be a good accountant!
Having said that, if you have a keen eye for detecting irregularities in figures aka money fraud, you can even end up as a modern superhero - a forensic accountant!
c) Versatile skillset that you can adopt in your daily life (sorting income taxes, starting your own business)
Some of you may be interested to become your own boss someday. That's totally fine! Having a degree in Accounting and Finance is a great advantage when you start your own business in the future!
You'll be able to sort all this information with clarity in no time! After all, you have professional training throughout the years in university!
What Are Some Universities To Study Accounting and Finance?
Whether you are a parent or a student who has just completed your SPM or Pre-University studies, you might be interested to compare and look at some universities in Malaysia that offer degrees that are related to Accounting and Finance.
Here are 4 higher learning institutions that you can consider.
Asia Pacific University (APU)
Located in Kuala Lumpur, Asia Pacific University (APU) is currently the only higher education institution (HEI) in Malaysia to obtain a QS 5 Stars Plus university rating in the latest QS Stars University Ratings in November 2021.
What is the advantage of studying Accounting and Finance at APU? The availability of accounting, banking and finance degrees with different specialisms.
Apart from Diploma in Accounting (Diploma Perakaunan), the university offers 8 degrees that are related to the Accounting and Finance/Banking and Finance industry.
The list of programmes include:
- BA (Hons) in Accounting and Finance
- BA (Hons) in Accounting and Finance with a specialism in Forensic Accounting
- BA (Hons) in Accounting and Finance with a specialism in Taxation
- BA (Hons) in Accounting and Finance with a specialism in Forex and Investments
- BA (Hons) in Accounting and Finance with a specialism in Internal Audit
- Bachelor in Banking and Finance (Hons)
- Bachelor in Banking and Finance (Hons) with a specialism in Investment and Risk Management
- Bachelor in Banking and Finance (Hons) with a specialism in Financial Technology
For direct entry to the above degrees, students are required to have at least a credit in Mathematics in their SPM/IGCSE/UEC examination.
The duration of the degree is 3 years (full time, including 16 weeks of internship).
The course fee is RM87,000 (3 years).
As soon as students complete the BA (Hons) in Accounting and Finance programmes at APU, they are entitled to a maximum 9-paper exemption at the Fundamental level, out of the total 13 papers in Professional Accountancy qualification.
University of Nottingham
Fancy a quiet and less busy city to pursue your undergraduate studies? You can certainly consider the University of Nottingham, which is located at Semenyih!
One of the most prestigious universities in the United Kingdom (under Russel Group), you can now study at this branch campus and get a UK certified degree at a much affordable price without flying to the UK.
Under the Nottingham University Business School Malaysia, students can enrol for the Finance, Accounting and Management BSc (Hons) degree.
Key information about the degree:
The duration of the programme is 3 years.
The programme fee is RM38,900 per year.
Among the modules that students will study during the degree are:
- Business Finance
- Business Law
- Computers in Business
- Management Accounting
- Corporate Finance
- Intermediate Corporate Reporting
- Advanced Management Accounting
- Advanced Corporate Reporting and Analysis
- Financial Markets: Theory and Computation
- Other approved optional modules
University Tunku Abdul Rahman (UTAR)
If you are looking for an affordable private education in Accounting and Finance, you can pursue your studies at the Sungai Long campus or Kampar campus of University Tunku Abdul Rahman.
You can choose from the following programmes:
a) Bachelor of Accounting (Honours)
Duration: 4 years
Total fee: RM52,300
Campus location: Sungai Long (Selangor)
The duration of study is longer as the programme is recognised by the Malaysia Institute of Accountants (MIA), which means that Accounting graduates can apply to be Chartered Accountants with MIA after completing the required three years of relevant work experience.
b) Bachelor of Finance (Honours)
Duration: 3 years
Total fee: RM44,450
Campus location: Kampar, Perak
University of Malaya (UM)
Don't worry, Form Six and matriculation students, we got you covered too! The University of Malaya is the highest-ranked public university in Malaysia.
Under the Faculty of Business & Accountancy, you can pursue the following programmes.
- Bachelor of Accounting (BAcc) - 8 semesters
- Bachelor of Finance (BFin) - 7 semesters
Malaysian students need to sit for the Malaysian University English Test (MUET) upon application.
Assessment structure for the programmes:
Bachelor of Accounting [Continuous assessment: 60%, Final examination 40%]
Bachelor of Finance [Continuous assessment: 50%, Final examination 50%]
How Can A Tutor Help Me To Do Well In Learning Accounting & Finance?
If you are just a beginner who wants a personalised guideline on how to approach Accounting or Finance or a student who wants to explore different branches of Accounting in detail, then you should find an Accounting/Finance tutor.
The most convenient platform to find one? Superprof!
At Superprof, you can gain access to 37,778 amazing tutors who are well versed in the study of Accounting and Finance. You can opt for home tutoring or online tutoring, depending on your personal preferences.
You'll find real-life chartered accountants, accountant subject teachers in public or private schools, student tutors who are currently studying Accounting/Finance degrees and many other tutors from various backgrounds and teaching experiences.
Here are the benefits of having a private tutor:
a) Effectively guide you regardless of your learning level and education syllabus
As mentioned earlier, there are many qualified tutors with different teaching and industrial experiences that are registered with Superprof.
From their profiles, you will be able to see the subjects and educational level (SPM, STPM, IGCSE, Diploma, Degree) that they are offering and also view their teaching methodology and previous students' reviews.
b) Provides real-life examples and sharing of current happenings in the industry
It is always good to learn from practical examples and get a glimpse of what is expected in the industry from those who are working as accountants or financial planners themselves.
Given that you may even become one someday, it is good to have a realistic understanding of what you should prepare when you are studying in university or the real-life process of Accounting in a corporation.
c) Make your learning experience more comprehensive and enriching
Apart from your lessons in school, you could also explore different accounting learning resources from your tutors at Superprof.
For instance, they could introduce a software, website, YouTube channel or a studying method that has helped them to effectively master the debit and credit calculations or gain new insights on finance applications in their everyday life.
What are you waiting for?
Ace the concepts of debit, credit, net worth, asset, and liability with the help of a Superprof Accounting/ Finance tutor today!
You'll even earn a great deal from having a free first lesson! Let's start learning!
The platform that connects tutors and students