Study Diploma in Accounting in Malaysia

What is accounting all about?

As a student who wants to pursue a career in accounting, the main thing you need to know is that this field involves recording, analyzing, and reporting financial transactions to help businesses make informed decisions.

By continuing your studies with a Diploma in Accounting, you will explore various aspects of accounting such as financial accounting, taxation, auditing, management accounting, law, finance, and more. 

In addition, this program will introduce you to IT applications, including computer applications and e-commerce.

With these subjects, you will gain knowledge and business skills in areas such as investment, entrepreneurship, economics, and many others. 

This means you will have a wide range of career options to choose from when you graduate and start working in accounting.

Although a Diploma in Accounting may seem to cover only basic subjects, mastering these fundamentals will strengthen your understanding and allow you to specialize in specific areas of accounting or business. 

Plus, studying for a Diploma in Accounting at Malaysian colleges gives you the opportunity to earn certifications such as Microsoft Excel and SQL Accounting, further enhancing your qualifications.
 

What are the entry requirements for this program?

To enroll in a Diploma in Accounting in Malaysia, you’ll generally need: 

• SPM/ SPMV: 3 credits including Mathematics and pass in English 
• O-Level: Minimum of grade C in 3 subjects 
• UEC: Pass with a minimum of Grade B in 3 subjects, including Mathematics and English
• English language: Minimum score of 5.5 for IELTS or 550 for TOEFL or equivalent

What is the duration of this course?

Usually, studying for a Diploma in Accounting in Malaysia takes around 2 to 2.5 years.

How much does it cost for a Diploma in Accounting in Malaysia?

The tuition fees for this program vary depending on the institution. However, generally, the tuition fees range between RM 21,500 to RM 31,800 (USD 4,573 to USD 6,764).
 

What subjects will you learn in this course?

The subjects you will explore for Diploma in Accounting in Malaysia may differ based on your chosen institution. For example, here’s what you will be learning at Management and Science University (MSU): 

• Financial Accounting 
• Introduction to Cost Accounting 
• Introduction to Statistics 
• Financial Management 
• Taxation I
• Audit 
• Financial Statement Analysis
• Accounting Information System 
• Partnership and Company Law 
• Taxation II

Where can you study for a Diploma in Accounting in Malaysia?

Here are some institution options for you to consider: 

1. SEGi College Kuala Lumpur

2. Universiti Tenaga Nasional (UNITEN) 

3. Multimedia University (Melaka)

4. Management and Science University (MSU) 

5. INTI International College Subang 

6. Universiti Tun Abdul Razak (UNIRAZAK)  

7. MAHSA University 

8. Lincoln University College 

9. Sunway College 

10. Asia Pacific University of Technology and Innovation (APU)

What should you consider when studying for a Diploma in Accounting in Malaysia?

Before you continue your studies in this course, there are several factors you need to consider, including:

1. Be flexible with related-subjects 

As mentioned above, studying accounting in Malaysia goes beyond just accounting subjects. You will also learn subjects related to accounting, such as Law and Information Technology (IT), both of which are very important nowadays.

Therefore, it is recommended that you be flexible with these additional subjects to gain knowledge and skills relevant to the field and the current times.

2. What comes after completing a Diploma in Accounting in Malaysia?

After completing your diploma in accounting, you have the opportunity to pursue the same field at a degree level in a university of your choice. Typically, students choose the same institution due to familiarity.

Additionally, you can also enter accounting-related jobs such as accounting assistant, tax assistant, auditor, and various other positions.

3. Adopt to industry-recognized skills 

The Diploma in Accounting will teach you the essential things you need to know about working with money for businesses. 

You will learn how companies keep track of their finances (like income and expenses) through a system called double-entry bookkeeping. 

You will also practice creating reports that show a company's financial health, like balance sheets and income statements.

The program is more than just accounting itself and teaches you some helpful business skills too. 

Courses in business mathematics and statistics will equip you with the quantitative skills needed to analyze data and solve financial problems. 

You might also encounter subjects like personal finance, providing you with a strong understanding of managing your own money effectively. 

This well-rounded approach ensures you graduate not only as a skilled accountant but also as a financially literate individual.

What are the career prospects after completing a Diploma in Accounting in Malaysia?

Earning a Diploma in Accounting opens doors to a variety of exciting job prospects. Here's a breakdown of some potential career paths you can pursue after graduation:

1. Accounting assistant 

This entry-level role provides valuable hands-on experience. You'll assist senior accountants with tasks like data entry, bookkeeping, and preparing financial reports.

2. Tax assistant 

You'll assist with tax preparation and filing for individuals or businesses, ensuring compliance with tax regulations.

3. Financial analyst 

With strong analytical skills, you could analyze financial data to identify trends and make recommendations for businesses.

4. Junior auditor

This role involves examining financial records to ensure accuracy and compliance with regulations. 

Further education and experience are typically needed for senior auditor positions.

5. Payroll administrator 

You'll ensure accurate and timely processing of employee salaries, deductions, and tax withholdings.