For Those Who Wish To Pursue Malaysian Institute of Certified Public Accountants (MICPA)

August 28th, 2008 Comments off
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Append below a summary of details or notes for those who wish to pursue MICPA accountancy course.

Malaysian Institute of Certified Public Accountants (MICPA)

Entry Requirements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

·         Minimum entry qualification to the CPA examination is a recognized degree or a diploma in accountancy at the tertiary level.

·         Graduates with a degree in accountancy will be eligible for exemption from the Professional Stage Examination (PSE).

·        Those with a non-relevant degree will be required to undergo a conversion course, to gain appropriate foundation in accountancy and related subjects, before they are eligible to join the CPA programme.

 

 

Training Scheme

 

Stream 1 and 2

[Also refer to List of Approved Training Organization]

Course Syllabus/Requirements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There are two stages:

 

Professional Stage Examination (PSE)

Module A

Financial Accounting and Taxation
Business and Company Law
Management Information and Control

Module B

Financial Reporting
Auditing and Assurance
Business Finance and Management

·        The method of assessment, comprises a 3-hour written examination for each paper. Students will be allowed to sit for the examination by module and to retain the credit for passes earned in each module.

 

Advanced Stage Examination (ASE)

Module C

Advanced Taxation

Module D

Advanced Financial Reporting

Module E

Advanced Auditing & Assurance

Module F

Advanced Business Management & Integrative Case Study

Advanced Stage Examination (ASE):

·        Each of the 4 modules in the ASE can be undertaken separately and a student’s performance in a module will be based on the following assessment components:

I.

 20 – 28 hours of workshop sessions consisting of discussion, presentation and written assignments

30%

II.

Final Module Examination(3 – 4 hours written examination)

70%

 

A student must attain at least 70% of the total assessment value for the workshop sessions for a module in order to be eligible to sit for the final module examination. A student who has been absent from any of the workshop sessions without a valid reason will be disqualified from sitting for the final module examination.

Practical Experience

All students are required to obtain not less than 3 years of practical experience in accounting and/or auditing and at least two of the following technical categories:

·                       Taxation

·                       Insolvency

·                       Financial Management

·                       Information Technology

The practical experience requirement may be attained via one of the following routes:

Route 1

A combined total of not less than 50 weeks’ experience in accounting and auditing and not less than 10 weeks’ experience in one or more of the other technical categories.

Route 2

A combined total of not less than 20 weeks’ experience in accounting and auditing and not less than 40 weeks’ experience in one other technical category.

Route 3

A combined total of not less than 20 weeks’ experience in accounting and not less than 20 weeks’ experience in each of two other technical categories.

 

 

Exemptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entry Qualification Exemption

·     Accountancy graduates from Malaysian Universities are exempted from Professional Examination Stage Module A.

·      Accountancy graduates from foreign Universities are given exemptions based on their course of study.

 

From MICPA’s website:

 

List of Approved Qualifications for Exemption from CPA Examination

No.

Approved Qualifications

Exemption from Examination

1.

Bachelor of Accounting from UM, UKM, UPM, UUM, USM, UiTM, UIAM, UNITEN & MMU

Module A and Module B

2.

Bachelor of Accounting (Information Systems) (Hons) from UUM

Module A and Module B

3.

Bachelor of Management (Accounting) from UTM

Module A

4.

Advanced Diploma in Business Studies (Accounting) from TAR College

Module A

5.

Diploma in Business Studies (Accounting) from TAR College

No exemption. Recognised as entry qualification

6.

Bachelor of Commerce (Hons ) ( Accounting ) degree from UTAR

Module A

7.

Diploma in Accountancy from UiTM and Government Politeknik in Malaysia

No exemption. Recognised as entry qualification

8.

“3 + 0” BA (Hons) in Accounting, University of Hertfordshire, UK conducted by INTI College“3 + 0” BA (Hons) in Finance, University of Hertfordshire, UK conducted by

INTI College

Financial Accounting & Taxation in Module A

9.

“3 + 0” Bachelor of Business (Accountancy) from RMIT University, Australia conducted by Metropolitan College

Financial Accounting & Taxation in Module A

10.

“3 + 0” Bachelor of Commerce (Professional Accounting), Murdoch University, Australia conducted by Kolej Damansara Utama

Financial Accounting & Taxation in Module A

11.

“3 + 0” Bachelor of Business (Accounting) from Charles Sturt University, Australia conducted by HELP Institute

Financial Accounting & Taxation in Module A

12.

“3 + 0” BA (Hons) Accounting & Finance, Oxford Brookes University, UK conducted by Nilai College

Financial Accounting & Taxation in Module A

13.

The Institute of Co-operatives Auditors Malaysia (ICA)

No exemption. Recognised as entry qualification

14.

Licentiates and associate members of the Institute of Chartered Secretaries and Administrators

No exemption. Recognised as entry qualification

15.

Degrees from Australian universities which are recognised by ICA Australia (ICAA) for admission to the CA programme

Module A & Module B except Business & Company Law

16.

Degrees from Canadian universities which meet the academic requirements for admission to the Final Uniform Examination of ICA Canada

Module A & Module B except Business & Company Law

17.

Graduates from New Zealand universities who are provisional members of NZICA and have completed NZICA’s Professional Competence Examination (PCE) I

Module A & Module B except Business & Company Law

18.

Bachelor of Accountancy from National University of Singapore/Nanyang Technological University

Module A & Module B except Business & Company Law

19.

Degrees with a concentration in accounting from UK universities which are recognized by ICAEW or ACCA for exemption from Foundation Examination or Part I Examination

Subject exemption from Module A and/or Module B provided the subject for which exemption is sought has been taught in the degree programme for at least two semesters or one academic year.

20.

Degrees from US universities which are recognised by the relevant State Board of Accountancy for admission to the AICPA Uniform Examination

Module A & Module B except Business & Company Law

21.

Members of CPA Australia (Associate members of CPA Australia must have completed the CPA programme)

Module A & Module B

22.

Graduate or full members of CIMA (UK)

Module A & Module B except Business & Company Law

23.

Graduate and associate members of the AIA (UK)

Financial Accounting & Taxation in Module A

24.

Members of the Institute of Certified Public Accountants in Ireland

Module A & Module B except Business & Company Law

 

Study leave

Generally, the principal will allow a registered student sitting the MICPA examinations study leave on the following basis:

·                       Professional Stage Examination

I.

5 working days or 1 calendar week per paper for the first attempt

II.

3 working days per paper for the second attempt

III.

2 working days per paper for the third attempt

·                       Provided that the total leave granted to a student shall not exceed 6 calendar weeks for any one examination sitting and not exceed 8 calendar weeks in any period of 12 months between examinations.

·                       Advanced Stage Examination

Modules C, D & E

I.

5 working days or 1 calendar week per module for the first attempt

II.

3 working days per module for the second attempt

III.

2 working days per module for the third attempt

·                        

Module F

I.

10 working days or 2 calendar weeks per module for the first attempt

II.

5 working days or 1 calendar week per module for the second attempt

III.

3 working days per module for the third attempt

·                       Provided that the total leave granted to a student shall not exceed 4 calendar weeks for any one examination sitting and not exceed 6 calendar weeks in any period of 12 months between examinations.

·                       Referred Paper

5 working days or 1 calendar week shall be allowed for a referred paper in the Professional Stage Examination. In calculating the total leave taken during a period of 12 months, leave granted for referred papers shall not rank.

·                       Leave for the fourth and subsequent attempts of the examinations shall be at the sole discretion of the principal. The principal may also, at his own discretion, grant more study leave to the student than the minimum recommended above.

(Note: For the purpose of calculating the duration of study leave, a public holiday which falls on a working day shall be taken into account as a leave day.)

 

Website

http://www.micpa.com.my

 

 

 CLICK HERE TO SEE MORE ARTICLES ON OTHER EXAMINATIONS IN THE PROFESSIONAL ACCOUNTING EXAMINATION CATEGORY

 

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