ACCOUNTANCY

YOU

R C

ARE E R

OF C

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I CE

WHAT ACCOUNTANTS DO?

• Linking business and financial data to decision making• Financial reporting• Management accounting• Regulatory compliance

• Financial management• Capital raising• Capital and operational budgeting• Cash flow management

• Governance, risk and compliance• Directors, CEO, Audit and Risk committees• Risk management and internal control• Compliance with regulations

CORPORATE SECTOR

Directors, CEO and governance committees

• Set strategy

• Implement strategy

• Ensure risks are properly governed

CFO

• Financial and management reporting

• Treasury duties

Finance function

• Day to day accounting operation

• Compliance

SME SECTOR

Financial reporting

• Provide financial information

• Support decision making

Financial management

• Cash flow management

• Fund raising

Compliance

• Statutory accountants

• Taxation

• Other financial related matters

ACCOUNTANCY SERVICES

Auditing and Assurances

• Financial statement and Internal Auditing

• Accounting Advisory

• IT Assurance

Transaction services

• Merger and Acquisition support

• Valuation and Business Modelling

Taxation

• Direct taxation

• Indirect taxation

• Tax planning and advisory

PUBLIC SECTOR

Federal and State governments

• Economic planning

• Finance function

Statutory bodies

• Planning

• Finance function

Regulators

• Policy development

• Surveillance

• Enforcement

HOW TO BE AN ACCOUNTANT?

Institutions of higher learning

Entry level programmes offered by professional

accountancy bodies

Malaysian Institute of Accountants

Professional accountancy bodies

Private sectorAccountancy

practices Public sector

Required working experience period

Professional accountancy programmes

Competency assessments

Employers and approved training providers provide work experience

and mentoring to accountancy graduates

Ensures baseline competencies are attained before admission to

membership

Employers provide regular feedback to ensure baseline

competencies remains relevant to employers

MIA sets ethical standards and regulates the conducts of members

Admitted based on Part 1 of the First Schedule of the Accountants Act

Admitted based on Part 2 of the First Schedule of the Accountants Act

GENERAL ROLE AND COMPETENCY PATTERNS FOR ACCOUNTANTS

Role in organisation

Executive

LeadershipGraduate• Understandi

ng core technical concepts

• Technical and communication skills

Professional• Application

of advanced technical concepts

• Leadership and communication skills

Senior management• Strategic

and enterprise thinking

• Specialised technical skills

• Leadership and communication skills

Leader• Strategic

and enterprise thinking

• Advanced leadership and communication skillsRanges of te

chnical, soft a

nd leadership skills