Choose to Study a Top Diploma in Accounting Course in Malaysia

• Students after SPM or IGCSE/O-Levels with at least 3 credits may enter the Diploma in Accounting
• The Diploma in Accounting is a 2-year programme where students can continue to Year 2 of the Accounting degree
• Studying the Diploma in Accounting at a Top Private University in Malaysia will equip students with the necessary knowledge and skills to perform well in their degree studies and eventually in their career.

Students who are sure of choosing the accounting career pathway can go for the Diploma in Accounting course before continuing on to the degree. It is ideal for students after SPM or IGCSE/O-Levels as you will study the subjects that you are interested in and good at. The subjects are specific to your field of interest. Upon completion of the Diploma in Accounting, you may choose to start work or continue on to Year 2 of the related degree.

The Diploma in Accounting is a good alternative choice to taking the accounting professional papers such as ACCA, ICAEW, CIMA, etc. The accounting professional papers are exam-based and marked in the UK or Australia. On the other hand, the Diploma in Accounting is taught, delivered and marked by Malaysians who would understand your English language weakness and accommodate. In addition, after completing the Diploma, you can still continue on to Year 2 of the Accounting degree which has exemptions from the professional papers. You will still be able to pursue a career as a Chartered Accountant and gain invaluable skills from a university environment such as team work, presentation, communication, and networking.

A career in Accounting can give you high salaries if you are equipped with the necessary knowledge and skills. Therefore, you should choose a reputable top university in Malaysia to study the Accounting diploma. Students should choose the right university that fits them which has a good reputation for accounting programs, excellent facilities, top lecturers and an English-speaking student environment.

You might also be interested in:

• Best Universities in Malaysia for Top Accounting & Finance Courses
• Best Accounting Degree Courses with ACCA Accelerated Programme at Top Universities in Malaysia
• Best Accounting Degree Courses with Exemptions from Top Professional Bodies in Malaysia
• Best Accounting Degree Courses Offered by Top Ranked Private Universities & Colleges in Malaysia
• Top Accountancy Universities in Malaysia
• Best Recommended Education Pathway to Become a Chartered Accountant in Malaysia
• Studying ACCA Professional Papers vs Accounting Degree in Malaysia

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Why Study the Diploma in Accounting at the Best Private Universities and Colleges in Malaysia

At top private universities in Malaysia, you will receive an education that is higher in quality compared to others. Lecturers there are usually in the forefront of their field of study and possess years of teaching experience possessing a wealth of knowledge.

Having access to a variety of resources and state-of-the-art facilities brings a significant benefit to students as well. Top private universities usually have well-stocked libraries and access to a wide range of research papers for students to take advantage of.

As they are in the forefront of technology, these universities will have excellent facilities that you might not find anywhere else.

Attending a top university can help you build a strong network that can provide a wealth of opportunities in the future. You not only get to connect with faculty members, but with international students from all over the world that can give you an insight into the culture as well as improve your English language skills.

Furthermore, top private universities get to funnel their students into working with top companies in Malaysia. You are more likely to get an internship with well-known companies and possibly gain a job offer. Besides that, employers are more likely to respond to your job applications if you are from a top university because they recognise the reputation these universities have.

By studying in top private universities, you will be surrounded by other highly motivated people who are sure to provide you with a challenge. You not only get to learn from highly experienced lecturers, but also brilliant peers from all around the world. These people will play an important role in shaping you and enriching your life with different perspectives and insights during your years of study.

10 Top Private Universities & Colleges for Diploma in Accounting

Choosing the best private college or university for your diploma in accounting course in Malaysia is important as it will help to shape your mind, character and help you to develop the necessary skills for a successful career.

Therefore, not all private colleges & universities are the same. You should not choose a university because it is the cheapest, easiest and nearest. It should be based on which university that best fit your needs.

There are many reasons and motivations for attending university in Malaysia, so ask yourself some serious questions to identify what you want from your university experience. Every university and diploma course in Malaysia is different and each student wants different things to fit their education and career goals.

First rate universities in Malaysia for students after SPM or IGCSE/O-Levels to study Diploma in Accounting programmes are:

1. Taylor’s College
2. Asia Pacific University (APU)
3. HELP University
4. University of Wollongong (UOW) Malaysia KDU, Utropolis Glenmarie
5. First City University College
6. UCSI College
7. UOWM KDU Penang
8. Multimedia University (MMU)
9.  MAHSA University

Studying the Diploma in Accounting at a Private University or College in Malaysia

The Diploma in Accounting at Malaysia’s private universities and colleges is designed to cover a curriculum that provides students with contemporary knowledge and practical skills in assisting managers to make the best management.

In addition, the Diploma in Accounting will give you a strong foundation in various accounting and related subjects.  Other than theoretical classroom instructions, students are also exposed to corporations and professional firms to gain first-hand practical experience. Learners will be equipped with important technical skills and the fundamental knowledge required in the current era, for an accounting career in the industry and commerce, both in the public and private sectors.

Students will be able to transition easily into Year 2 of the Accounting degree programme after the Diploma as they would have been well prepared from day 1 with the focus on business and accounting subjects.

What’s the Entry Requirements for the Diploma in Accounting?

• SPM/IGCSE/O Level 3 credits (inclusive of a credit in Mathematics and a pass in English)
• UEC 3 credits (B6) (inclusive of a credit in Mathematics and a pass in English)

Accreditation and Recognition

Students after SPM or IGCSE/O-Levels planning to pursue a Diploma in Accounting should choose a course that’s accredited by the Malaysian Qualifications Agency (MQA) and the college or university recognised by the Ministry of Education.

According to the Malaysian Qualifications Agency (MQA), accreditation is a formal recognition that a certificate, diploma or degree programme has attained the quality standards and criteria set by the MQA and in compliance with the Malaysian Qualifications Framework (MQF).

The completion of an accredited course means that students are issued with a nationally recognised qualification. Accreditation is a status or achievement as a result of quality assessment by MQA. It is a commitment by MQA to all stakeholders in higher education such as students and parents that the programme accredited by MQA is quality-assured.

In addition, a course that’s accredited provides employers with the guarantee that what the graduate has studied meets the national standards and requirements, and is able to perform the tasks as required in the job.

However, even with that, choosing an institution that has years of experience and a solid reputation is important as well. This is to ensure that the institution does not engage in dubious activities.

What’s the Exemptions from the ACCA Professional Papers?

Diploma in Accounting graduates may get 4 papers exempted out of 15 papers of the ACCA programme.

What’s the duration of the Diploma in Accounting Course?

The Diploma in Accounting will take 2 years or 6 semesters to complete. There will be 2 long semesters (14 weeks) and 1 short semester (7 weeks) each year.

How many Subjects are there in a Diploma in Accounting Course at a Private University in Malaysia?

Students will take  30-35 subjects in the diploma in accounting and it is a mix of Assignments, Coursework, Quizzes, Presentations, and written examination percentage.

Generally, students will take about 5 subjects including MPU subjects a semester.

Students are required by the government to take about 3-4 MPU subjects during their diploma studies. You will need a Minimum of 90 Credits or 30 subjects to Graduate.

What will you Study in the Diploma in Accounting at Private University or College in Malaysia?

The subjects for a diploma in accounting course would vary from university to university. Students need to check out the subjects to see if they fit their academic goals. This would be the same for the accounting degree course.

• English for Academic Purposes
• Managing Business
• Numerical Skills
• Practical IT Skills
• Academic Research Skills
• Financial Accounting
• Professional Communications
• Quantitative Methods
• Business Economics
• Business Statistics
• Marketing
• Accounting Information System
• Business Law
• Principles of Finance
• Quantitative Analysis
• Audit & Control Systems
• Basic Taxation
• Cost Accounting
• Spreadsheet Modelling Techniques
• Introduction to Money & Banking
• Macroeconomics
• Management Accounting
• Microeconomics
• Principles of Management
• Accounting for Partnership & Special Accounting Procedures
• Accounting Information System
• Accounting Theory & Practice
• Auditing
• Business Statistics
• Commercial Law
• Company Law
• Corporate Accounting
• Corporate Finance
• Critical Thinking & Reading Skills
• Management of Human Resources
• Taxation

What are the Assessments for the Diploma in Accounting?

The Diploma in Accounting is in a continuous assessment mode which is a mix of Assignments and Examinations.

• Written assessment
• Practical assessment
• Oral assessment
• Industrial attachment/internship
• Final examination

Methods of Delivery

• Lectures
• Tutorials
• Field visits (e.g. business organisations, universities, non-governmental organisations, government-related corporations, etc.)
• Scenario-based learning
• Guest lecture series (prominent speakers from the industry and academic institutions)
• Interactive learning

What’s the Education Pathway after Diploma in Accounting?

After completing the Diploma in Accounting, students can transfer your diploma credits into another top private university in Malaysia to enter into Year 2 of the degree for another 3 years depending on the exemptions.

Diploma in Accounting graduates may transfer into the following degree programmes:

• Accounting
• Accounting & Finance
• Finance
• Banking and Finance
• Financial Technology (Fintech)
• Actuarial Science

It will take about one to three weeks for the university to perform the exemption evaluation.

To perform exemptions, you will need to submit the following documents to the university of interest for exemption evaluation:

• Transcripts for the subjects taken
• Course outline for all subjects taken
• Letter of Completion or Diploma Certificate
• Copy of SPM certificate

Upon completion of the Diploma in Accounting, students can consider transferring into top accounting and finance degree programmes at the best private universities in Malaysia.

PTPTN Loan for Diploma in Accounting Course in Malaysia

Please note that there is no PTPTN Loan for Foundation. For the Diploma you can apply for the PTPTN Loan  Most universities and colleges will have a special department and staff to help you to make all the necessary arrangements for the loan so you do not need to worry about it. They will brief you about it during Orientation

Please note that generally, you have to pay the First Semester Fees first and then apply for the loan, which would take 2-3 months to process. The loan should be given out in time for the second semester but if it doesn’t happen in time, you have to prepare the fees for the Second Semester.

Mode of Payment Payment from PTPTN will be made TWICE a year directly into the university’s account. Students must make payment of first semester’s tuition fees to the university and then apply for the PTPTN Loan for it to come into effect for the second semester.

Eligibility for the 2nd Payment and onwards Student must obtain GPA 2.0 and above in order to continue enjoying the loan.

• The first loan payment is released only after the completed agreement is received by PTPTN.
• Subsequent payments will be made after PTPTN receives confirmation from the IPT
• The loan payment is credited directly to the student’s account.
• Repayment of education loan / financing starts 6 months after graduation / education financing. You have between 5-20 years to pay back depending on the loan amount.
• The loan rates are 1% per annum on flat rate

PTPTN Loan Amount

PERINGKAT PENGAJIAN UNTUK IPTS	JUMLAH PEMBIAYAAN SETAHUNMENGIKUT PERINGKAT*
	MAKSIMUM(RM)	75%(RM)	50%(RM)
Foundation	6,800	5,100	3,400
Diploma	6,800	5,100	3,400
Diploma (Farmasi, Pergigian & Sains Kesihatan)	12,750	9,560	6,380
Ijazah Sarjana Muda (Sains)	14,030	10,520	7,010
Ijazah Sarjana Muda (Sastera)	13,600	10,200	6,800
Ijazah Sarjana Muda (Farmasi, Pergigian & Sains Kesihatan)	17,000	12,750	8,500
Ijazah Sarjana Muda Perubatan (MBBS)	30,000	30,000	30,000

Peringkat jumlah pembiayaan ditentukan berdasarkan kelayakan di bawah:-

PERINGKAT PEMBIAYAAN	KELAYAKAN
Maksimum	Sekiranya pelajar atau penjaga pelajar disenaraikan sebagai penerima Bantuan Rakyat 1 Malaysia (BR1M)
75% daripada pembiayaan maksimum	Pendapatan keluarga tidak melebihi RM8,000  (tiada dalam data BR1M)
50% daripada pembiayaan maksimum	Pendapatan keluarga melebihi RM8,000 (tiada dalam data BR1M)

As of 1 November 2014, PTPTN will reduce the total loan amount for their new applicants. For private higher education institution, a total of 15 % from the previous total loan amount will be deducted. PTPTN will also use the Bantuan Rakyat 1Malaysia (BR1M) data to determine the amount eligible to the applicants. However, total loan amount for the program of Doctor of Medicine will remain the same. There are three levels of loan amount designed by PTPTN to determine the amount eligible to the applicants. The details of the loan level are as below:NoLevelDescription of Eligibility1MaximumStudent’s or parents’ names are listed as recepient of BR1M275% from maximum loan amountFamily income lower than RM8,000 (names not listed in BR1M)350% from maximum loan amountFamily income higher than RM8,000 (names not listed in BR1M)Below is the comparative table for old and new loan amount for each semester. The calculation is based on the guideline by PTPTN and has been rounded off to zero decimal place. The exact amount will be determined by PTPTN. The loan will be disbursed twice a year (long semester only).Income groupOld Loan Amount TableNew Loan Amount TableRM4,000 and belowRM4,001 – RM5,000RM5,001 and aboveMaximum75%50%Full loanPartial loanTuition feeFirst Degree – Engineering & ScienceRM8,250RM6,750RM5,000RM7,013RM5,259RM3,506First Degree – Business & ArtsRM8,000RM6,500RM5,000RM6,800RM5,100RM3,400Diploma – Engineering & ScienceRM4,000RM4,000RM4,000RM3,400RM2,550RM1,700Diploma – Business & ArtsRM4,000RM4,000RM4,000RM3,400RM2,550RM1,700

Why Study the Diploma in Accounting instead of Foundation in Business?

If you are sure of what course you want to study for your degree, you can just go straight into the Diploma course. If you are not sure of what you want to study in the degree, go for Foundation because you have one year to decide on what to take for your degree.

You can apply for the PTPTN Loan for the Diploma while there is no loan for the Foundation.

In the diploma you will study subjects related to your course while in the Foundation, you will study general subjects mostly unrelated to your course. Some diploma courses are 2 years while others are 2.5 years.

If it is 2.5 years, you may take longer to complete your degree. If it is a 2-year diploma, then the time taken is the same to complete the degree when you take Foundation.

Diploma in Accounting graduates may get 4 papers exempted out of 15 papers of the ACCA programme. Students whose English is not very good, should go for the Diploma in Accounting.

• SPM (5 relevant credits) – Foundation (1 year) – Degree (2 years)
• SPM (3 relevant credits) – Diploma (2 or 2.5 years) – enter degree Year 2 (3 years)

Suggested accounting pathway for students in Malaysia with weak English

However, as we all know, the standard of English in Malaysia has dropped a lot. Some students thinking of going for accounting go into CAT and then the ACCA not realising that both are external papers and marked by the UK examiners.

Therefore, although these students may be capable in their knowledge but their weakness in the English language to write properly during the exams will lead them to fail these papers. Furthermore, the final 5 papers of the ACCA are not easy and if you attempt these papers while you are too young, can be challenging.

I would suggest that students go into an accounting diploma programme first and then into Year 2 of the Accounting degree where it is exempted from the 9 papers of the ACCA. Upon graduation, you find a job and then take the final 5 papers of the ACCA to become a professional accountant.

In choosing the university or college for the degree, you should go for a university where the students speak English mostly. Research by Star newspaper has shown that graduates with good command of the English language tend to get a higher salary (25%) and faster promotion. A lot of students like the easy way out and choose colleges and universities that are cheap and lacking in quality and facilities thinking that as long as they just get the qualification, they are alright.

They forget that if the quality of the university is low, the student’s quality will also be low when they graduate. You won’t have the necessary knowledge and skills to succeed in the working world. Not being able to speak English well, you won’t be able to become a manager in a Multi National Company.

The management will not ask you to give a presentation if you cannot speak well and furthermore how are you going to be able to write a report? When you become an auditor, you will need to communicate with your client in English as well as your report.