Thursday, 16 May 2013

#2 MICPA

Assalamualaikum wbt,

A review on MICPA - The Malaysian Institute of Certified Public Accountant.

Yet another route to qualify as a chartered accountant.

This is a collaboration program between MICPA and ICAA (Institute of Chartered Accountant Australia). Upon completion, you'll get dual membership - CPA Malaysia and CA Australia. Cool eh? One exam, two qualifications. 

There is two level to be completed; Professional and Advanced. Basically students with accredited Accounting Degree will go straight to the Advanced level.

For the sake of discussion, these are the list of modules in the Professional level.

  • Auditing
  • Business and Company Law
  • Business Strategy and Financial Management
  • Financial Reporting
Now let's delve into details on the Advanced level modules.

  • Financial Accounting and Reporting (93% pass rate)
  • Management Accounting and Applied Finance (88% pass rate)
  • Taxation (87% pass rate)
  • Audit and Assurance (71% pass rate)
  • Capstone Module (non technical - newly introduced)
Passing rate seems promising. But a friend told me that MICPA is as tough as ACCA.

Besides, the passing rates are inconclusive. It depends on the individuals.
Like me myself, I tend to score higher on the final year of my studies which is 'perceived' as very hard.
Subjective itu semua.
But the statistics at least, menaikkan semangat :D

For the assessment, 20% is from online assessment and another 80% is from final examination - open book.
Technical modules are offered 3 terms per year. But the students are only allowed to sat for one module per term. Each module lasted for 12 weeks.

Capstone Module on the other hand is 14-week long, held twice a year. The final exam for this is a written case study. 

There is only one tuition provider for MICPA at the moment.
Hanya satu.

Sunway TES.

Most of the students undertaking MICPA is part time student, sponsored by their employers.
Hence, the class are conducted during weekends.

I don't have much information on the fee structure, though
Annual subscription fees - RM490
Registration fee - RM300
Modules - RM1,000 (per modules)

5 completed modules + 3 years relevant working experience = Chartered Accountant. 

Hope this helps!

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