INTRODUCTION:
ACCA in Malaysia is a qualification that is highly valued and offers better career prospects than other accounting qualifications. But to become a successful ACCA professionals in Malaysia, an individual must first become a career-focused student, giving their best shot to have a success-driven and secure future. ACCA in Malaysia is a well-structured qualification that focuses beyond theoretical exams; hence, it has multiple academic requirements that need to be fulfilled by students to be able to complete the qualification. These requirements are mandatory, including PER, EPSM modules, and completion of 13 ACCA modules; all these academic requirements of ACCA shape you to be amongst ACCA professionals in Malaysia who are looked up to in the modern financial world.
Students who can give their best academic performance and learn as many skills as possible end up becoming the most in-demand finance professionals. Hence, students should understand the impact their academic efforts can have on their careers and then work hard for their goals. In this blog, we are going to discuss the essential steps that are going to help ACCA students become successful ACCA professionals in Malaysia.
8 STEPS TO BECOME THRIVING ACCA PROFESSIONALS IN MALAYSIA:
Here are ten essential steps that will help you become a successful ACCA professional with a promising career:
1: UNDERSTAND WHAT ACCA IS:
The initial step to becoming an expert in an area of study is to first understand what it is all about. Unless you know the motive, factors, structure, and requirements of the qualification, you won’t be able to work for it. Therefore, first equip yourself with all the knowledge regarding ACCA in Malaysia before officially associating yourself with it. The qualification is recognized globally (180+ countries across the world), and it consists of 13 modules divided into three academic levels known as Applied Knowledge, Applied Skills, and the Strategic Professional. Apart from this, the qualification has other requirements as well, such as the Practical Experience requirement, Completion of Ethical & Professional Skills Modules, and meeting annual CPD requirements.
2: MEET THE ENTRY REQUIREMENTS:
To become a part of this huge ACCA community by enrolling as a student, first you need to meet the eligibility criteria; the said criteria completely depend on your prior academic experiences or history. To begin with ACCA in Malaysia, students must have at least 5 SPM credits (proficiency in Maths & English is mandatory); however, to have a direct route to the qualification, students should have a diploma, certificate, or degree in accounting, finance, or business. Those students who are unable to meet the basic requirements or do not have any background in accounting or finance need to take a prolonged route to ACCA, known as FIA (Foundation in Accounting).
3: REGISTER WITH ACCA:
Once all the ACCA entry requirements are met, it’s time for aspirants of ACCA in Malaysia to become official students; without wasting any time, it is better to begin your journey by registering with ACCA. The registration process is completely virtual; all students need to do is visit the website of ACCA Global, submit the required documents, and pay the registration fee. The documents include proof of identification, evidence of academic history, achievements, etc Once you submit all your documents and the registration, you have done your part and should wait for a confirmation email. The confirmation can take a couple of days as ACCA verifies your documents before taking you on board.
4: CHOOSE THE RIGHT STUDY PATH:
If you want to be amongst the best ACCA professionals in Malaysia, you must be able to construct a well-structured schedule or plan. This complex qualification can only be accomplished with a well-structured study plan and the use of effective study resources. Therefore, students are recommended to structure an academic schedule and select ACCA-approved learning partners to have a smoother academic journey, which will eventually lead to a success-driven future.
5: COMPLETE THE ACCA QUALIFICATION STRUCTURE:
Leverage the reliable ACCA study resources to equip yourself with the skills and knowledge required to pass all 13 ACCA modules; cracking all of these exams should be your top priority. Students are advised to focus on learning and understanding the concepts rather than just cramming or passive reading; the clarity in concepts and training with modern financial skills will result in turning students into successful ACCA professionals in Malaysia. Other than that, you also need to focus on completing EPSM modules and gaining PER alongside passing the ACCA modules; all these things will contribute to shaping your future.
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6: GAIN PRACTICAL EXPERIENCE:
As mentioned before, 36 months of relevant and well-documented work experience is a mandatory requirement that students are obliged to fulfill to become an ACCA member. Ensure the role you are choosing is relevant to the qualification and the employer that you are working for is recognized by ACCA; keep a track of all your achievements, and get the recorded documents of experience signed by an ACCA member.
7: MEET ALL THE REQUIREMENTS:
All the academic requirements of ACCA in Malaysia somehow or other impact your career; therefore, do not overlook any of them. Try to learn as many skills as possible because they will have an influence on your career prospects; make it a positive one.
8: APPLY FOR ACCA MEMBERSHIP:
The last step to complete the student phase and be amongst qualified ACCA professionals in Malaysia is to apply for the ACCA membership; ensure that before applying for the membership status, you have completed all the requirements properly. If your academic experience is valid and you have given your best, it will help you avail all the professional privileges.
CONCLUSION:
ACCA professionals in Malaysia are much valued and have strong career prospects if they have the technical and professional expertise required in the modern financial world; hence, make sure to stay determined during your learning phase to get career benefits later.
FREQUENTLY ASKED QUESTIONS:
Q1: What are the steps that can influence your ACCA career other than academics?
Answer: Apart from academic experience, networking, career fairs, webinars, workshops, etc, can influence your career opportunities positively.
Q2: What is the best academic resource that ACCA students should use to achieve great results?
Answer: To give an extraordinary academic performance, ACCA students can leverage ACCA-approved learning partners; they will help students get clarity in complex topics and train them with the skills required in the practical financial world.
