Caree folio - Accounting Course

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Name : Nurul Syazwani Izzati Bt Khairi Class : 509/409 Collage Number : 13024

description

To those who choose accounting for future study, Here some of my research

Transcript of Caree folio - Accounting Course

Page 1: Caree folio - Accounting Course

Name : Nurul Syazwani Izzati Bt Khairi Class : 509/409 Collage Number : 13024

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ACKNOWLEDGEMENT

Alhamdulillah. Grateful to God as I have been able to complete the Folio Career as an

Accountant within the given time.

First of all, I would like to thank the MRSM Taiping for giving me the opportunity to make

this folio as it is compulsory for the graduation requirement 2014.

Thanks also goes for both my parents, Mr. Khairi B Mat Daud and Ms. Jah Bt Ismail have a

lot of support and encouragement throughout my complete this task. All the sacrifices and

cents that would given out by the father and the mother responded to my future success.

InsyaAllah.

MRSM Taiping counselor who helped me very much, Mr Abdullah and Mrs Zamzuriana ,

our deep gratitude for their willingness to say because they had help me and gave guidance

to complete this folio.

Next I would like to express our appreciation to my colleagues who are willing to help me

and spend time with me to complete this folio although they are also busy preparing their

own folio.

Finally, the folio of my career was finished as a result of their efforts willing to help me.

Million thanks once again I say.

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BIODATA

Nurul Syazwani Izzati Bt Khairi,

Maktab Rendah Sains MARA Taiping,

34000 Jalan Bukit Larut,

Perak.

Resume

Name : Nurul Syazwani Izzati Bt Khairi

Address :

.

IC No       : 9xxxxx02xxxx

Age : 17 Years Old

Tel :

E-mail :

Date of Birth : 14 January 1997

Place of Birth : Hospital Kulim, Kedah.

Marital Status : Single

Nationality : Malaysian

Religious : Islam

Gender : Female

Hobbies : Surfing internet and Reading novels

Ambition : Accountant

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SKILLS

Skill Description                                                                                Proficiency

Computer Skills Expert

Microsoft Word                                                                                  Expert

Powerpoint                                                                                         Expert

Microsoft Excel                                                                                  Intermediate

Adobe Photoshop Intermediate

 LANGUAGE & PROFICIENCY

Proficiency                                                                                         Language

Spoken                                                                                               Malay, English

Written                                                                                               Malay, English, Arabic

 EDUCATIONAL BACKGROUND

2013 – 2014                :         MRSM Taiping, Perak.

                                                 Sem 1 2013 PNG :

                                                 Sem 2 2013 PNG :

JUNE 2010 – 2012             :         MRSM Baling, Kedah.

                                                PMR: 8A                                                                 

JAN 2010 – JUNE 2010    :          Sekolah Menengah Kebangsaan Sultan Badlishah, Kedah.

                                       Last Exam : 7A 1B

2004 - 2009 : Sekolah Kebangsaan Sungai Kob, Kulim, Kedah

UPSR : 5A

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INTRODUCTION

First of all I was required to complete the career folio. Because of interest in Accounting, I

have decided to make a folio of career of accounting. I have produce this folio in less than a

week. I get the materials on the project web site and also some books and articles.

I chose a career in accounting because I was very interested in subjects related to account,

mathematics, and the subject of some others.

Through this folio can I find out more information about the future of accounting after my

graduation later. I can also find out about the history of accounting. If I not finish making this

folio, its certainly difficult for me to understand what accounting really is.

In fact, the field of accounting has many branch. There are financial accounting, management

accounting, and auditing and so much more. It also involves taxation.

In addition, I also know about the trials and challenges that would befall an accountant is that

each day they are faced with stress, depression and tiredness. It is true as they deal with

numbers and money a lot. At last, I found out about the advantages of an employee of the

accounting.

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WHAT IS ACCOUNTING ?

Accountancy, or accounting, is the production of financial records about

an organization. Accountancy generally produces financial statements that show in money

terms the economic resources under the control of management; selecting information that is

relevant and representing it faithfully. Accountancy overlaps heavily

with bookkeeping, auditing and taxation.

Accounting is essential to business, and has been called the "language of business"

because it is the means by which businesses communicate their activities to investors,

creditors, and other stakeholders. Accounting that concentrates on reporting to people inside

the business entity is called management accounting and is used to provide information to

employees, managers, owner-managers and auditors. Management accounting is concerned

primarily with providing a basis for making management or operating decisions. Accounting

that provides information to people outside the business entity is called financial

accounting and provides information to present and potential shareholders, creditors such

as banks or vendors, financial analysts, economists, and government agencies.

Because the users of accounting information have different needs, the presentation of

financial accounts is very structured and subject to many more rules than management

accounting. The body of rules that governs financial accounting in a given jurisdiction is

called Generally Accepted Accounting Principles, or GAAP. Other rules include International

Financial Reporting Standards (IFRS) and US GAAP.

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WHY I CHOOSE THIS COURSE ?

I choose accounting because I love numbers . From my reading, I found that this career

taught me to be discipline. This is because being an accountant, I must be patient working

with more numbers and money. Plus, I must be accuracy, consistent and be concentrate on

working for not be a careless person.

I also choose this career because I admire this job since childhood. I love to be around

with numbers. That will make me so peaceful and had a higher motivation. I want to take the

challenge and be a successful and accountant someday. Tan Sri Zeti Aziz also is my favourite

idol because she is the first woman being the National Bank Gabenor. I would like to be like

her someday.

Lastly , I choose this career because it is an indoor job. I do not have to heated under the

sun like an architect or an engineer. Although the job is quite hard and need to be concentrate

almost the hours, I can manage the time well.

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CHOOSING ACCOUNTING COURSE

Generally, there are two branches of a career in accounting :

Degree in Accounting

University offers degree programs in accounting with two specializations such as accounting

and finance. Students who choose this field to ensure that the courses offered have at least 60

percent of the total content of accounting courses to become a chartered accountant.

To become a chartered accountant, students must have a degree and have a working

experience of at least three years in an accounting firm. At the same time, students are

required to take the test for a professional accountancy qualification (For example, a student

who has a degree in accounting must take three tests from ACCA).

Professional qualification (ACCA, CPA, CIMA, ICAEW, MICPA)

This program is offered by the professional accounting bodies. These programs are generally

considered more difficult than learning at the undergraduate level. If graduate with a

professional qualification, you can apply to become a member of the MIA with three years of

work experience without having to sit the test as for postgraduates.

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BECOME A CHARTERED ACCOUNTANT

Once you pass level degree in accounting, you can be recognized as a qualified accountant

who is able to have accounting and auditing firm. To become a chartered accountant, you

should have at least three years working experience in related field and pass the professional

test series.

Professional accounting qualification include :

Association of Chartered Certified Accountants (ACCA)

ACCA is the global body for professional accountants that was established in the UK in

1904. ACCA Qualification is more focused on professional values, ethics and governance. To

be eligible to become a member of ACCA, you have to sit 14 exams (nine are eligible for

exemption), requires practical experience and professional ethics module. ACCA qualified

accountant who can become the Chief Financial Officer and Director of Audit, entrepreneurs,

forensic accountants, business advisers and related positions. This qualification is

automatically given membership in the Malaysian Institute of Accountants (MIA).

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Certified Public Accountant (CPA) Australia

This is the qualification of financial, accounting and business professionals indicate high

professional competence and is recognized internationally. CPA Program consists of several

levels, namely basic, professional, and practical experience that allows one to have a CPA

qualification. After completing the program, one is able to think strategically and position

yourself as a leader in various fields, including trade and industry, public sector, banking,

finance and capital markets, insurance, financial consulting services, education, information

technology and so on. This qualification is automatically given membership in the Malaysian

Institute of Accountants (MIA). 

Charted Institute of Management Accountants (CIMA)

It is management accounting professional qualification from the UK who interpret financial

information for making business decisions. This qualification provides a career in business.

To be eligible, you must provide 15 modules and work experience of three years. On average,

it takes four years to complete the course.

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Institute of Chartered Accountants in England and Wales (ICAEW)

Are professionally qualified accountant or financial business known as the ACA

qualification. This qualification allows an accountant that provides guidance to individuals,

organizations and the business community. Course length is approximately one and a half

years including training for three months. However, this continuing education program

requires one to show progress in developing Continuing Professional Development (CPD)

after gaining the ACA qualification.

Malaysian Association of Certified Public Accountants (MICPA)

Is qualified to practice Malaysian accountants to become business partners. There are four

modules to complete the course and you are given a maximum period of eight years to

complete before becoming eligible for Certified Professional Accountant (CPA). Kelayakn is

open to a wide range of sectors, including commerce and industry, public sector, banking,

finance, capital markets and other.

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CAREER PROSPECTS

The typical career path for graduates to gain work experience in accounting is at least three

years of previous accounting professional examinations to become a chartered accountant.

Once becoming a chartered accountant, you can choose to start a career in accounting firms

or the corporate world.

Many accountants who choose to pursue a career in the corporate world and working in the

financse department of the company. Even accounting career is a career choice for the post of

CEO for their ability to assess the financial performance of a company.

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DESCRIPTION OF DUTIES AS AN ACCOUNTANT

1. Provide advice, planning and implementing policies and systems of budgeting, accounting

and other control accounts

2. Preparing and certifying financial statements for presentation to management,

shareholders, statutory and other bodies

3. Preparing tax returns, advising on taxation problems and contesting disputed claims before

tax officials

4. Preparing or reporting on profit forecasts and budgets

5. Prepare project cost and risk analysis

6. Identify areas of cost reduction and propose conservation measures cost control

7. Conducting financial investigations, undertake audits, prepare reports and provide advice

on matters such as suspected fraud, insolvency, bankruptcy, mergers, capital financing and

the purchase and sale of businesses

8. Acting as liquidation agent in matters relating to bankruptcy and taxation

9. Performs related duties

10. Supervising other workers

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EMPLOYMENT CLASSIFIED in this area, including :

1. Accountants

2. Auditors

3. Cost Accountant

4. Tax Accountants

5. Treasurer

6. Company Secretary

7. Consultant

8. Assistant Accountant

9. Accounts Clerk

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PERSONAL CHARACTERISTICS

Those who are planning a career in accounting must have the ability in their calculations and

can analyze , compare and interpret facts and numbers and make a sound decision based on

knowledge. They should always ask how and why things are done and present their work

effectively in writing and speaking to clients and management.

Accountants and auditors must exercise patience and can devote their full attention for long

periods of time . Accuracy and ability to take responsibility with very little supervision

required. Most importantly , for the millions of consumers balance sheets depend on

accountants and auditors , the public expects that they have very high standards of ethics and

integrity. In addition they should be interested in the business and commerce, can work in

groups and do not give up quickly because many jobs involve documentation and sitting at

the office desk .

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APPROVAL

1. Bachelor of Accounting

2. Malaysian Association of Certified Public Accountants (MACPA)

3. Association of Certified Accountants (U.K)

4. Institute of Cost and Management Accountants (UK)

5. The Associations of Chartered Certified Accountants (caca)

6. The Institute of Chartered Secretaries and Administration (ICSA)

7. The Institute of Cost and Management Accountants (ICMA)

8. Full Member of the Malaysian Institute of Accountans (MIA)

9. Other approvals (the capacity to handle accounting software)

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General Eligibility Study

SPM or its equivalent, at least 5 credits in

a) Bahasa Malaysia

b) English

c) Mathematics

d) Physics

e) Mathematics

Or pass STPM grade E in

a) General Paper

b) Mathematics

c) Physics or related

After SPM to connect to accounting diploma / equivalent or continue to pursue a

bachelor's degree in accounting / equivalent.

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IMPORTANT TO KNOW AS AN ACCOUNTANT

The accountancy profession in Malaysia are regulated by the Malaysian Institute of

Accountants (MIA). To become an accountant in Malaysia, we need to be a member of MIA.

To become a member, we should seek professional certification from an accredited

association (such as ACCA, CPA, CIMA etc) or MIA qualification examination requires

three years of work experience. Currently, there are 11 institutions of higher learning

recognized for admission as a member of the MIA.

MIA set the law and auditing standards for the accounting profession in accordance with the

standards issued by the International Federation of Accountants (IFAC) and the International

Auditing and Assurance Standards Board (IAASB).

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Challenges in Accounting Industry

Thomas L. Friedman in his book The World is Flat says that will change the source from

outside the accounting industry, the United States, Accountants has used external resources

for basic accounts preparation work to accountants in India while they are focused on high-

value work such as advising clients in creative accounting and tax issues. However, we do

not expect it to happen in Malaysia in the near future.

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SALARY

The values presented here are based on 2009.

Employment Annual Income (RM)

Chief Financial Officer 250000 to 460000

Director of Finance 220000 to 270000

Corporate Finance

(eight years of experience)

130000 to 200000

Finance Manager

(0-three years of experience)

72.000 to 96.000

Finance Manager

(four-six years of experience)

96.000 to 130.000

Financial Analyst

(three-five years of experience)

45.000 to 80.000

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Financial Analyst

(six-10 years of experience)

60.000 to 100.000

Auditors

(three-five years of experience)

42.000 to 85.000

Auditors

(six-10 years of experience)

85.000 to 90.000

Accountants

(three-five years of experience)

42.000 to 66.000

Tax Accountant

(three-five years of experience)

35.000 to 54.000

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THE SPONSORS

Majlis Amanah Rakyat (MARA) is an agency under the Ministry of Rural and

Regional Development Malaysia. Founded on March 1, 1966, MARA is responsible for

promoting and facilitating social and economic development in rural areas. Its main objective

is to provide assistance to Bumiputera (especially rural areas) to participate in any

commercial activities and entrepreneurship, thereby creating a stronger community.

Scholarships offered:

Each year, the Mara offers scholarships for study abroad programs and local

Who should apply:

Bumiputera students:

Excelled in academics, in the same time active in extra-curricular activities

Have leadership skills and can work in groups

A diligent

No dangerous diseases such as hepatitis, AIDS, HIV, etc

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Bank Negara Malaysia (BNM) was established in 1959 and is a statutory body

wholly owned by the Government of Malaysia. BNM has several roles that carry out

monetary policy, financial system, financial system infrastructure, promoting

financial inclusion, issue currency, managing foreign reserves and as banker and

adviser to the government.

Scholarships offered :

Pre - University Programme Preparation Abroad

Bachelor Degree (Honours )

Who Should Apply - Students who :

Fluent in English ( Speaking and Writing )

Fleksible , Versatile and able to work in groups

Excellence in sports and extracurricular activities

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Specific requirements for the Pre-University, Overseas Preparatory

Programme :

A minimum of 8A in SPM last

Age not over 19 years

Specific requirements for the first degree program ( honors ) :

STPM / A-Levels : At least 2A and 1B

Diploma / Matriculation : CGPA 3:50

Australian Matriculation : , A minimum of 85 per cent TER ( Tertiary

Entrance Rank )

American Foundation Programme : A minimum of 1200 for SAT1

Degree: A minimum CGPA of 3:50 for the latest exam

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Yayasan Tenaga Nasional (YTN) is a trust TNB, responsible for corporate social

responsibility TNB. YTN provide scholarships and study loans to deserving students to

pursue their studies at home and abroad. Until now , YTN has provided financial assistance

to more than 8,000 students .

Scholarships offered :

For now, We are only offering local scholarships only.

Who should apply :

Students active in academic and co-curricular are welcome to apply .

Age not over 23 years of age to apply

Must be active in extra-curricular activities

Must have leadership skills and strong personality

Do not have a sibling who receive scholarships from YTN

Must accept the offer of admission to the first semester at university

Specific Requirements :

At least 4B + for STPM , or

CGPA of at least 3.33 for those who complete the Diploma / Matriculation /

Foundation

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Yayasan TM established in 1994.

Scholarships offered :

Scholarships preparations to go abroad

Pre-University Multimedia University

Scholarship Diploma in Multimedia University

First Degree in Multimedia University and local public universities

Specific qualifications based scholarship program are :

1) Overseas Foundation Programme

SPM

A minimum of 8A + in SPM including 5 compulsory subjects related to the course

of study *. (as listed below)

2) Foundation Multimedia University (MMU) / Alpha Program

SPM school leavers who wish to study at MMU.

A minimum of 4A-1B in the SPM 5 compulsory subjects related to the course of

study *.

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3) Diploma in Multimedia University (MMU) / Multimedia College (MMC)

SPM school leavers or those who are studying at MMU / MMC.

A minimum of B in SPM 5 compulsory subjects related to the course of study or

at least 3.00.

4) Degree program at Multimedia University (MMU) and Institutions of Higher

Learning (IPTA)

Open to those who have a Diploma, Matriculation, MMU Alpha, STPM or other

equivalent qualifications.

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Yayasan Sime Darby

Scholarships offered :

Excellent Scholarship Program Yayasan Sime Darby

Each year, Sime Darby member benefits to students by giving them the opportunity to

further their education, either inside or outside the country. This gives the opportunity

to develop their talents, and also enables companies with recruitment cream of the

crop to join their organization someday. Currently, Sime Darby offers two types of

graduate scholarships program:

Undergraduate scholarship program (local)

Undergraduate scholarship program (overseas)

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Who should apply :

For local First Degree Program :

Students who have completed or are currently enrolled in the final

semester of the program pra-universiti/diploma (CGPA at least 3.5)

Students applying to the university public / private sector in Malaysia

selected

First-year students who are pursuing a degree locally ( with the latest

CGPA of at least 3.5 )

For First Degree Program Abroad :

Students who have completed or are in the final semester of study in

education pra-universiti/diploma ( and meet one of the following criteria :

CGPA of at least 3.5 for STPM , matriculation and diploma local ;

Minimum 3AS to A- Level , at least 90.0 TER for the Australian SAM /

AUSMAT , at least 36.0 for the International Baccalaureate Diploma

Program ; Getting at least 85 percent for Pre-University Programme

International Canada

First or second year students who are pursuing their first degree ( with a

CGPA of at least 3.5 )

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LOANS

1) PTPTN Loans

2) Bank Rakyat Loan (Al-Falah) 

3) MIED Loan (Maju Institute of Education Development)

4) KOJADI (Koperasi Jayadiri Malaysia)

5) RHB Bank Study Loan

HOW TO APPLY?

1. Find any scholarships form in Malaysia-Scholarship.net (MSN)

2. When applying for scholarships :- read the scholarship advertisement carefully

- be careful with the programme study you stated in the scholarship form.

- choose the right course based on your SPM/STPM/Matrikulasi result.

- check thecompany/organization background before accepting the scholarship.

  - be careful with scholarship scheme, scholarship bond and also scholarship period.

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CONCLUSION

All thanks to meet Allah, with His grace, I can prepare this career folio.

Overall, Careers Folio has helped me a lot in choosing careers and courses that are

appropriate and in line with my personality. In addition, this task will also give a

boost to me to pursue my ambitions have always dreamed of since childhood until I

managed to get it.

      Therefore, I will make sure I work hard to achieve the best level in the SPM to

provide opportunities for me to study account. In addition, this assignment has opened

my eyes I was gearing up to meet the eligibility requirements to university to pursue

my ambitions as accountant and thus achieve the goal of my life.