The ACCA in Malaysia is renowned for training some of the best accounting and finance professionals. The main purpose here is to build a reputable international career. ACCA membership and affiliate status are two crucial phases in this path that generally create misunderstandings.
Both signify achievement, advancement, and dedication; yet, the distinction between the two phases dictates the extent to which a professional can advance within the field. This blog is crafted to educate you on the difference between ACCA membership in Malaysia and the affiliate status.
ACCA Affiliate: Quick Overview
An ACCA affiliate in Malaysia is an individual who has finished the Ethics and Professional Skills module and all necessary exams under the ACCA course.
This indicates that the student has already demonstrated a solid theoretical understanding and command of the material. An affiliate is not yet a complete member, though. The three-year Practical Experience Requirement (PER) is the next event. They can use the title “ACCA Affiliate” until this is finished, but they are not allowed to put “ACCA” after their name.
ACCA Members: Quick Overview
A person who has finished the ethics module, PER, and examinations and who also pledges to continue their CPD is an ACCA Member. Full recognition and the ability to append “ACCA” after their name are granted at this stage. Presently, ACCA serves 530,100 students and 257,900 members in 180 countries. Membership has already exceeded 250,000 and is predicted to increase by at least 5,700 more.
After obtaining ACCA membership in Malaysia, professionals get numerous opportunities from increased professional status, access to senior positions, leadership and auditing opportunities, and the designation’s global recognition.
ACCA Members vs. Affiliates: Understand the Differences
You can better grow in your career by understanding the main difference between an ACCA member and an affiliate. Only one has a full professional status, despite the fact that both have passed the exams. Here, we will list the specific differences between the two routes in this section.
ACCA Members vs. Affiliates
At the Affiliate stage, the majority of ACCA students give up, believing that their qualification is complete. But in reality, having full ACCA membership will add value—not just in terms of recognition, but also in terms of influencing potential customers.
Being and becoming a Member and becoming an Affiliate differ greatly. It demonstrates the extent of your professional development.
Companies all throughout the world look for skilled ACCA members to occupy higher-level positions. Becoming a member shows them that you have both the knowledge and real-world experience. This distinction may have a direct effect on:
- Your career prospects
- Your salary
- Your credibility as a professional
today!
Move Forward with Mirchawala’s ACCA Online
Thousands of students join ACCA each year, and many more advance to become members of the worldwide community. While both are accomplishments, ACCA membership in Malaysia and worldwide confers greater professional worth and recognition.
The ACCA course provides the technical basis, while membership gives it authority, maturity, and experience. Mirchawala’s online ACCA coaching can help you take the full potential of the ACCA certificate for your career and a thriving future.
Frequently Asked Questions
Is ACCA worth it in Malaysia?
Obtaining a global certification like ACCA in Malaysia can ensure a thriving career in the global business realm. Becoming an ACCA gives you access to a variety of career options, particularly in the finance industry.
What is the difference between an ACCA member and an affiliate?
An ACCA affiliate passes all the exams, but they do not hold the required practical experience. While an ACCA member gained the required experience, besides qualifying for all the ACCA papers.
What is the equivalent of the ACCA qualification in Malaysia?
The Malaysian Qualifications Agency (MQA) recognizes the ACCA qualification as being on par with a bachelor’s degree level (Tier 6). After that, the ACCA member is eligible to apply for membership in the Malaysian Institute of Accountants (MIA).
