INTRODUCTION:
ACCA requirements in Malaysia are not limited to completing thirteen exams; however, it is a part of those requirements that students must complete to become a member. ACCA in Malaysia remains very much focused on developing a strong skillset in professionals so that they can face all the practical complexities of the financial world. To become sufficient to take over ACCA membership status, students must complete multiple academic obligations, including passing thirteen exams, gaining PER experience, etc. These ACCA requirements in Malaysia are not very easy to meet, but they are indeed quite effective in the long run.
Students who aspire to lead the financial world through this value-adding accounting credential take these requirements quite seriously and plan the best strategies to fast-track their qualification journey. Are you among such students who are desperate to excel in this qualification by completing each requirement perfectly, but ain’t sure how to do that? Well, nothing to worry about; through this comprehensive blog, you can understand all the academic requirements of ACCA in Malaysia and also explore the effective ways to accelerate your qualification.
ACCA REQUIREMENTS IN MALAYSIA:
Here is a list of ACCA requirements that Malaysian students must complete to take over the membership status and step into the practical world as a fully-qualified ACCA professional.
1: COMPLETION OF ACCA EXAMS:
The fundamental academic requirements that Malaysian ACCA students must complete to qualify include achieving success in all thirteen ACCA exams; these exams are from diverse finance as well as accounting areas and cover a wide range of complex topics comprehensively. To qualify for these highly competitive exams, students are expected to have a very strong set of ethical, professional, technical, and analytical skills, along with in-depth knowledge. Students can usually take these exams four times in a year in their preferred sequence; aspirants are required to complete these exams within seven years of their qualification’s starting date.
2: PRACTICAL WORK EXPERIENCE:
PER, also known as Practical Experience Requirement, is a commonly known academic requirement of ACCA in Malaysia; to complete this obligation, students are required to gain 36 months of relevant work experience in a relevant role, preferably with an ACCA-approved employer. The complete work experience needs to be well-documented and signed by a supervisor (ACCA member); after completion, students must submit this to the ACCA Global. After submission, the experience is properly reviewed by the ACCA Global, and if it is accepted, you can apply for membership status.
3: ETHICS & PROFESSIONAL SKILLS MODULES:
Other than completing the thirteen ACCA exams and gaining relevant practical experience, there is one more requirement of ACCA in Malaysia, known as EPSM. Ethical & Professional skills modules (EPSM) are the mandatory modules that students are supposed to complete if they want to acquire the title of ACCA-qualified professional. These modules develop ethical and professional skills in candidates essential in the practical finance and accounting world; students must not take these modules lightly, as they are mandatory and can have a prominent impact on their academic journey of ACCA in Malaysia.
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8 BEST FACTS THAT WILL HELP YOU QUALIFY FOR ACCA IN MALAYSIA FASTER:
If you want to complete your ACCA requirements in Malaysia a bit faster, you must keep these things in mind.
- ACCA in Malaysia is a flexible qualification that offers entry to candidates with different academic backgrounds; you just need to meet the minimum academic requirements.
- In case you fail to meet the minimum requirements, you can still begin your journey of ACCA in Malaysia through the FIA route.
- Those who have a prior qualification (a degree in finance, accounting, or business) can acquire ACCA exam exemptions on up to nine papers (depending on your prior qualification and university).
- Students can choose among self-study, online (part-time), or on-site learning programmes; there is no restriction to follow a specific study route.
- Aspirants of ACCA in Malaysia are encouraged to use ACCA-approved learning tutors, study materials, and revision kits to enrich their academic knowledge.
- Students can complete the ACCA PER requirement alongside completing the ACCA exams; this will save their time and help accelerate their membership procedure.
- EPSM modules should be taken before attempting the modules from the Strategic Professional Level; stay focused during these modules and learn skills to ace the advanced exams ahead.
- Make sure the experience you gain during the completion of the PER requirement aligns with your career goals, ensuring the work experience is not in vain but adds value to your career prospects.
CONCLUSION:
It is concluded that if a student tends to miss any of the ACCA requirements in Malaysia, they won’t be able to complete their ACCA qualification. Therefore, it is suggested that students be very thoughtful and follow a well-structured plan so that they do not end up making any silly mistakes. To become eligible for the ACCA membership status, students must first complete thirteen
ACCA exams and EPSM modules successfully, and also gain the required work experience. There are several academic facts about the ACCA qualification in Malaysia that must help students to speed up their academic journey; all these facts are discussed in the blog. Make sure you plan an effective academic journey while meeting all the ACCA requirements in Malaysia.
FREQUENTLY ASKED QUESTIONS:
Q1: Are there any academic levels in ACCA? If yes, how are the modules distributed?
Answer: Yes, there are three academic levels in ACCA: Applied Knowledge, Applied Skills, and the Strategic Professional. In the Applied Knowledge level, there are 3 modules included, in the Applied Skills level, there are 6 modules, and in the Strategic Professional level, there are a total of four exams (two essentials & two optionals).
Q2: Is the qualification of ACCA recognized in Malaysia?
Answer: Yes, the qualification of ACCA in Malaysia is well recognized and famous amongst the top employers across diverse industries, as it is also recognized by the Malaysian Institute of Accountants (MIA).
