According to Department of Statistics, Malaysia, accounting and finance skills are one of the top 5 skills in demand. This is not surprising, considering that financial performance is the backbone of any business organisation.
This is the question often asked by parents and children who are considering their career in accountancy. Am I pursuing a career which will be made obsolete in the near future by Artificial Intelligence (AI)? If I am an accountancy professional, will the robot take over my job?
If you’ve just graduated or will be graduating soon, you might be wondering how much salary to expect when applying for your first job in Accounting / Finance. Here is a guide to the average salary of entry level job in Malaysia for Accounting / Finance according to JobStreet.com’s 2017 salary report.
OK, so you've done your research – you know that a career in accounting and finance can lead you to a secure and promising career. You've also got your parents' approval and checked out the courses you can take… but are you really sure this is the right course for you? Take this quick quiz to find out! Then read on to find out more about this field.
WHY CHOOSE A CAREER IN ACCOUNTANCY?
f you're trying to choose between an accounting or finance degree, read this comparison chart which we have compiled for you and you may just come to a decision more easily after.
Fields of Study: Accounting & Finance
by StudyMalaysia.com on March 17, 2017
What’s It About ?
Accountancy is the study of maintaining, auditing and recording financial transactions. If you pursue this field, you will develop an understanding of accounting principles and processes needed to organise, maintain, analyse and evaluate corporate and personal financial records.
In contrast, finance deals with the planning, directing, organising and controlling of financial activities and services for organisations, institutions and individuals through an understanding of the theories and practice of financial planning and investment, monetary and financial systems and markets, and the principles of insurance.
- Accounts Clerks
- Audit Executives
- Bank Managers
- Banking Consultants
- Banking Executives
- Bill and Account Collectors
- Brokerage Clerks
- Budget Analysts
- Claims Adjusters, Examiners, and Investigators
- Claims Examiners, Property and Casualty Insurance
- Credit Analysts
- Credit Authorisers, Checkers, and Clerks
- Financial Analysts
- Financial Consultants
- Financial Controllers
- Financial Managers
- Financial Quantitative
- Financial Specialists
- Fraud Examiners, Investigators and Analysts
- Insurance Adjusters, Examiners, and Investigators
- Insurance Appraisers
- Insurance Claims and Policy
- Processing Clerks
- Insurance Claims Clerks
- Insurance Sales Agents
- Insurance Underwriters
- Investment Analysts
- Investment Fund Managers
- Investment Managers
- Investment Underwriters
- Islamic Financial Officers
- Loan Counsellors
- Loan Interviewers and Clerks
- Loan Officers
- Personal Financial Advisors
- Risk Management
- Sales Agents
- Securities and Commodities
- Securities, Commodities, and Financial Services Sales
- Title Examiners, Abstractors, and Searchers
- Treasurers and Controllers
Courses Offered In This Field
Careers in accounting and finance range from entry level positions to managerial roles. Here are some examples of accounting and finance careers organised by the level of education required as a minimum for each job.
If you like the idea of managing money and investments you might want to consider a degree in finance. But if obtaining, collecting, organising, and dealing with financial information is more your thing, you might be interested to find out more about accounting courses.
Do you like activities that include data, detail, and regular routines? If you like using rules and guidelines to solve problems and don't mind working with figures and large amounts of information, you could be looking at a career in accountancy. Read on if integrity, attention to detail and analytical skills are what describes you.
Career Options in Accounting & Finance
WHY CHOOSE A CAREER IN ACCOUNTANCY?
As an accountant, you will be responsible for an individual's or a company's financial statements, ensuring that they are accurate and comply with laws and regulations. Find out more here.
If you’re trying to figure out what career to pursue, it could be helpful to know which jobs are most in-demand in Malaysia. Check this list to find out what they are.
Many companies are opting for more cost-effective staff recruitment strategies amidst the Covid-19 pandemic. The demand for Accounting Technicians is on the rise. Research commissioned by IFAC (International Federation of Accountants) has indicated an acute shortage of basic accounting skills in developing and emerging markets.
Must-Read Articles on Accounting & Finance
Source: Education Guide Malaysia 14th Ed.