workshop on asean accounting education (waae) prof. dr. rozainun ab aziz dean faculty of accountancy...
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WORKSHOP ON ASEAN ACCOUNTING
EDUCATION (WAAE)Prof. Dr. Rozainun Ab Aziz
Dean
Faculty of Accountancy
Universiti Teknologi MARA Malaysia
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Introduction
The establishment of the ASEAN Economic Community in 2015 has not only opened up opportunities, but also poses challenges to accountancy profession in the ASEAN region, and thus to accounting education
Higher learning institutions are responsible for shaping and nurturing future accountants who meet certain expectations of professional bodies and business communities
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Demand for Accountants in ASEAN Countries
Country National Accountancy Body Membership GDP (in US$
billion)
Population (million)
GDP per population
(US$ )
Population per
accountant
Brunei Brunei Darussalam Institute of Certified Public Accountants
58 17 0.41 41,127 7,108
Indonesia Ikatan Akuntan Indonesia 20,735 877 246.86 3,551 11,906
Malaysia Malaysian Institute of Accountants
30,781 305 29.24 10,432 950
Myanmar Myanmar Accountancy Council
2,117 57 52.80 947 24,940
Phillippines Phillippines Institute of Certified Public Accountants
22,072 250 96.71 2,587 4,381
Singapore Institute of Singapore Chartered Accountants
28,869 287 5.31 54,007 184
Thailand Federation of Accounting Professions
60,347 366 66.79 5,474 1,107
Vietnam Vietnam Association of Accountants & Auditors
10,000 156 88.77 1,755 11,097
(Source: MIA, 2014)WAAE 2015 Bandung Indonesia 3
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General Overview There appear to be formal relationships
between the accountancy profession and national developments in Malaysia whereby accounting education plays a significant role in supplying and/or developing professional accountants
Thus, addressing national agendas has been the underlying pressure for the developments in both the accounting education and accountancy profession
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Accounting-related Opportunities [1]
Malaysia aspires to have 60,000 qualified
professional accountants by the
year 2020 (as per Industrial Malaysia Plan)
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Accounting-related Opportunities [2]
Increasing pressures for accountants to contribute to the
nation-building agenda based on IFAC’s circle of influence model – at
least for the case of Malaysia
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Accounting-related Opportunities [3]
Increasing interests from various industries
to collaborate with academia through
consultancy, internships, research and diverse forms of
collaborations
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Accounting-related Opportunities [4]
The Prime Minister of Malaysia recently
announced the establishment of the
Professional Accounting Centre in
his Budget 2015 speech
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Understanding Employers’ Demands
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Based on
Adjunct
Profess
ors’
comments/
feedb
ack
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“When you think global, you get opportunities that are bigger than Malaysia”
[Tan Sri Dato’ Lim Wee Chai (Chairman of Top Glove Corporation Berhad)]
The links that Malaysia has with the Middle East has sent a lot of Malaysian accountants over there
Some even became entrepreneurs and employers at different scales in various industries
Think Global
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Background of UiTM UiTM is Malaysia's largest institution of higher learning It has experienced phenomenal growth since its
inception in 1956 Shah Alam remains as the main campus of UiTM with
expanded 12 state campuses, 6 satellite campuses in Shah Alam, 11 state satellite campuses and 21 affiliated colleges.
UiTM is made up of:Detail Number
Workforce 17,770
Academic programmes 500
Students 175,200
WAAE 2015 Bandung Indonesia 12(Source: UiTM, 2015)
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Background of Faculty of Accountancy
Year Details
1956 Introduced its first accountancy programmes – LCCI and ASA
1961 Jointly organised the programme offered by the Institute of Costs and Works Accountants (ICWA/CIMA)
1967 Offered 2 more new programmes – ACCA and DIA
1978 Introduced the Malaysian Association of Certified Public Accountants (MACPA) programme
1981 Offered the Advanced Diploma in Accountancy (ADIA)
1988 Collaborated with the Public Services Department, Inland Revenue Board and Universiti Pertanian Malaysia (UPM) to run the Certificate of Taxation programme
2000 Expanded its professional programme by offering CAT, CPA (Australia) and ICSA
2003 Introduced a parallel programme known as Fast Track BAcc (Hons)/MICPA
2004 Introduced Diploma in Accounting Information Systems (DAIS)
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Our Faculty at Kampus Puncak Alam
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Our Building
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Internal Programmes Offered Diploma in Accountancy (AC110) Diploma in Accounting Information System
(AC120) Bachelor of Accountancy (Hons) AC220 Master of Accountancy Master of Forensic Accounting PhD in Accounting
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Programme Location Map
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Academic Roadmap
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Our Accounting Education Model
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IQRA’ Culture 1: Engaging Lecturers (A.P.I.)
“To develop scholarly
expertise and academic integrity in teaching,
research and innovation in accounting”
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ADAPTABLE
PASSIONATE
INSPIRING
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“To produce professional graduates with commendable ethical values, entrepreneurial mindsets who are
employable locally and internationally”
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IQRA’ Culture 2: Empowering Students (C.I.A.)
CURIOSITY
INDEPENDENT
ADAPTABLE
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“To strengthen the Faculty of Accountancy’s systems as a catalyst to enhance accountability and quality”
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IQRA’ Culture 3: Enabling Governance (C.S.I.)
COORDINATION
STANDARDISATION
INTEGRATION
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Faculty’s Strengths [1]
Highest single contributor of accountants in MalaysiaProfessional recognition with high number of
exemptions (ACCA, CIMA, CPA Australia)Highest number of PhD qualified lecturers in MalaysiaHighest number of professionally-qualified lecturers in
MalaysiaThe largest accounting school in Malaysia Preferred accounting graduates by “Big-Four”
accounting firms
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Faculty’s Strengths (2)
Professionally-recognised programmesSuccessful Fast-Track Accounting ProgrammeWide choices of Professional Qualifications after BAcc
(ACCA, CIMA, MICPA, CPA Australia, ICSA)Competitive intake criteria (Fast-track, Matriculation,
after-Diploma)Successful pioneer in research initiatives ISO-Certified FacultyMIA Qualifying Examination – examining body
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Our Achievements [1]
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Our Achievements (2)
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Our Achievements (3)
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Bil MoU Date Signed
1. MOU between Malaysia American Commission on Educational Exchange (MACEE) and UiTM
19 Sept 2002
2. MOU between University of South Australia and UiTM 14 Nov 2002
3. MOU between UiTM and MIA 15 Nov 2002
4. MOU between MIA and UiTM 27 Mar 2003
5. MOU between CIMA (UK) Malaysia Division and UiTM 19 Dec 2003
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Our Achievements (4)
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Bil MoU Date Signed
1. MOU between MYOB Sdn Bhd and UiTM 26 Sept 2005
2. MOU for consultancy services between the Prime Minister’s Exchange Fellowship Programme and UiTM
26 Sept 2005
3. MOU between Malaysian Accountancy Research and Education Foundation (MAREF) and UiTM
21 May 2007
4. MOU for consultancy services between Syajanas Consulting (M) Sdn Bhd and UiTM
01 Oct 2008
5. MOU between UiTM and CPA (Australia) for setting up a CPA Australia-UiTM Small & Medium Enterprises Research Fund (SMERF)
15 Dec 2008
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Our Achievements (5)
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Bil MoU Date Signed
1. MOU Chartered Tax Institute of Malaysia (CTiM) and UiTM 14 July 2010
2. MOU between UiTM and Securities Industry Development Corporation for the promotion and collaboration on capital market education
26 Mar 2012
3. MOU between UiTM and MICPA for the promotion and collaboration on the professional qualification education
10 Aug 2014
4. MOU between UiTM and ACCA (UK) for the promotion and collaboration on the professional qualification education
19 Sept 2014
5. MOU between UiTM and CIMA (UK) (Addendum) 09 Mar 2015
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Multiple commitments Preparing for multiple soft
skills Paradigm shift (of both
students/lecturers) Consistency Independent/ resourceful
students/lecturers Knowledge
sharing/transfer
Challenges in Accounting Education
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Way Forward“Actioning” Workshop on ASEAN Accounting Education
(WAAE) 2015 Encouraging students to unlock their potentials through
industry exposure and enhance education systems Student/staff exchange between ASEAN countries Revised curricula and learning outcomes
ASEAN Conference on Accounting Education (ACAE) 2015 Jointly organised by UiTM and Sunway University in
October 2015 Serves as a platform for academic discussions, sharing
and exchanging of views on current issues and methods of solving issues in accounting education
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Conclusion The establishment of the ASEAN Economic
Community by 2015 should open up the market further Creating more opportunities for future accountants in the
ASEAN countries to seek employment and business opportunities within the region (and beyond)
This requires a more careful assessment/revision of the existing accounting education
We should foster more cooperations/collaborations among us and grow together
More confidence in trusting our regional capabilities
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