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Bachelor in Accountancy (Hons)
Introduction:
The Bachelor in Accountancy (Honours) (BIA) is an undergraduate academic programme that leverages on a unique learning opportunity in the combined disciplines of Law, Finance and management. Students pursuing the programme will be exposed both to the rich tradition and rigour of the accounting and audit, as well as to the state-of-the-art technologies used in the fields of economics, management, marketing, finance and insurance. As such, graduates of the programme are expected to be competent to handle not only the common accounting transactional matters but as well to provide advice on complex strategic issues in business decision making process.
The BIA is conducted over the period of four-years on a semester basis (Eight long and two short semesters). Given such academic exposure, graduates of the BIA, therefore, would be in advantage position to find career opportunities not only in the traditional accounting and audit practice and the government sector, but more importantly, in the private and corporate sector. Currently, our graduate is also able to work with a company, which operated in Singapore. As for the latter career opportunities, graduates are most encouraged to further acquire internationally recognized qualifications in the fields of accounting (ACCA; CIMA or corporate administration (ICSA)).
Academic Requirement:
| Total Credit |
: |
130 |
| Compulsory / Core |
: |
46 |
| Electives |
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15 |
Course Duration:
| Total Semester |
: |
8 Full Semesters and 2 Short Semesters |
| Duration |
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4 years |
Intakes:
| Major Intake |
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March, May, November |
Core Subject Description:
o Principles of Accounting - This course will cover topics including the introduction of accounting information for report purposes such as concepts of accounting, accounting equation, double entry system, complete accounting cycle, adjustments to the accounts like accruals and prepayments, depreciation and bad debts and provision for doubtful debts in the preparation of income statement and balance sheet, inventory valuation and finally the cash and internal control.
o Financial Accounting and Reporting 1 - This subject covers areas related to accounting for partnership, accounting for clubs and non-profit organization, hire purchase, leasing, disposal of assets, incomplete records and accounting for manufacturing companies.
o Financial Accounting and Reporting 2 - This subject deals with formation of companies, the types of companies and the issues of shares and debentures. It will also concentrate on the redemption of preference shares and debentures. Other areas covered include cash flow statements, accounting for branch and employee benefits.
o Advanced Accounting I - Topics to be covered are business combinations, accounting for amalgamation, absorption, take over and merger, accounting for restructuring, effects of foreign exchange transaction, deferred taxation and earning per share.
o Advanced Accounting II - This course is the continuance of Audit I, whereby emphasis is given on controlling processes, preparing complete audit report, audit investigation and related issues in auditing.
o Theory of Accounting - This subject covers foundations and theories of accounting. Relevant topics are early history on accounting, scope of accounting, investment and financial activities, assets, liability and equity, evaluation of assets, conventional accounting, financial statement etc.
o Public Sector Accounting - The course is designed to equip students with knowledge of accounting practices as employed in the public sector organizations. The course will attempt to develop a wider and contextual understanding of the role of accounting, as a vital financial and managerial accountability mechanism in public sector organizations.
o Accounting Information System - This course is about management system, flows of information, documents used and characteristics of internal control for manual and computerized system.
o Purchasing and cost control - This course discusses basically the roles of cost in contributing to decision making. Topics covered are budget, inventory, analysis, labour costs and information system.
o Tourism Planning - This course covers aspects of tourism planning and development. Besides that, the subject explains the environmental and socioeconomic impacts of tourism development. This course also exposes to a few subjects such as approaches to tourism planning, tourist attractions and activities, tourism policy and plan formulation, and tourist destination planning and development.
o Cost Accounting I - This subject emphasizes on aspects of planning and controlling using accounting information. Discussions will cover concepts of production cost, cost profit volume relations, job and process costing, variable and absorption costing and operational service costing.
o Cost accounting II-
Managerial Accounting II - Topics covered include framework of management accounting theories, Activity Based Costing marginal and absorption costing, standard costing and control, management of inventory, costing approach, current issues of IT in cost management and strategic management accounting.
o Taxation I - This subject examines income taxation, income from employment, basic of assessments, taxation of dividends, interest, rent and royalties, pension and annuities, business taxation and capital allowance, tax administration, and indirect tax.
o Taxation II - This course covers all aspects of taxation in partnership, company and the related cases in solving the taxation issues. Besides, it is about the specific discussion about the provision of Malaysian Law (Income Tax Act 1967). This course also will explain on withholding tax, investment incentive in Malaysia, capital expenditure, corporate tax, real property gain tax, double tax agreement, estate and trust.
o Audit I - This subject exposes students to the basic principles of auditing. It accordingly covers such areas as the concept of auditing, professional ethics of auditors, the concepts of audit evidence, audit planning and audit programme, and internal control system. Apart from the theoretical aspect, this subject also assists students to understand the practical side of auditing, which includes audit procedures to audit various accounting cycles (sales, purchases, fixed assets, etc.)
o Audit II - This course is the continuance of Audit I, whereby emphasis is given on controlling processes, preparing complete audit report, audit investigation and related issues in auditing.
Entrance Requirement:
The minimum entry requirements for this programme are:
(a) STPM/'A' Level /Matriculation/ Foundation Programme/Recognized Diploma and
(b) A pass in SPM with credit Bahasa Malaysia/Melayu.
However, to successfully complete Bachelor in Accounting (Honours) programme, it is essential that students should possess a high standard of analytical and cognitive skills. It is recommended that students should have achieved a credit in English and Mathematics at SPM.
Professional Recognition:
Malaysia Qualification Agency (MQA).
Course Enquiries / Contact Person:
| (Dean, Faculty of Business Management and Professional Studies) |
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03-55108668 ext 610 |
(Head of Accountancy and Finance, Faculty of Business Management and Professional Studies, MSU) |
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03-55106868 ext 640 |
FAQ
Career Opportunities:
Graduates will find ample opportunity in not only availing themselves to the traditional careers in accounting and audit practice, government services, administrative and diplomatic services, academia, and industry, commerce and finance, but as well careers as an internationally recognized professional in accounting and audit. Accounting graduates qualify for careers as accountants, tax advisors, auditors, consultants, financial controllers, bankers and financial planners or counselors. Accounting students are prepared to assume responsible, entry-level managerial positions in accounting or finance. Organizationally, graduates will be absorbed into:
o Government ministries and departments;
o Local authorities;
o Government enforcement agencies (income tax; immigration; custom; etc.)
o Accounting firms;
o Corporations and companies
o Audit firms
o Banks
o Securities firms
o Insurance companies
o Multimedia telecommunication companies
o Marketing agencies
Career as Accountant
The programme prepares graduates eligible to enter the accounting profession as an account executive. To be so eligible as chartered accountant, graduates would have to have a working experience of three years and apply for becoming as a member of Malaysian Institute of Accountants(MIA) or sit for five (5) strategic level subjects in ACCA examination, conducted under the Association of Chartered Certified Accountants Malaysia, upon payment of a certain amount of registration and examination fees. Graduates may sit for the examination at any time after graduating, either by following a full time study or self-tuition. They are also can sit for exam while working with multi national company or other organisation which can sponsor their study.
At the present the BIA has not yet been recognized as a qualification that would make its graduates eligible to be a member of MIA. However, the Faculty is in the process of making all the necessary preparations to gain the recognition and the prognosis looks positive and encouraging.
Expected Salary
Public Sector: Basic starting monthly salary is around RM1,800; plus allowances (such as housing and entertainment) the total can amount to around RM2,300.
Private Sector: The amount of basic starting monthly salary can vary from the above amount. However, the total amount of monthly salary earned (inclusive of allowances) is subject to negotiation and which can be higher than that earned in the public sector.
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