workshop on asean accounting education (waae) prof. dr. rozainun ab aziz dean faculty of accountancy...

WORKSHOP ON ASEAN ACCOUNTING

EDUCATION (WAAE)Prof. Dr. Rozainun Ab Aziz

Dean

Faculty of Accountancy

Universiti Teknologi MARA Malaysia

WAAE 2015 Bandung Indonesia 1

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


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

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


Accounting-related Opportunities [1]

Malaysia aspires to have 60,000 qualified

professional accountants by the

year 2020 (as per Industrial Malaysia Plan)



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



Increasing interests from various industries

to collaborate with academia through

consultancy, internships, research and diverse forms of

collaborations



The Prime Minister of Malaysia recently

announced the establishment of the

Professional Accounting Centre in

his Budget 2015 speech


Understanding Employers’ Demands


Based on

Adjunct

Profess

ors’

comments/

feedb

ack

“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


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)

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)


Our Faculty at Kampus Puncak Alam


Our Building


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


Programme Location Map


Academic Roadmap



Our Accounting Education Model

IQRA’ Culture 1: Engaging Lecturers (A.P.I.)

“To develop scholarly

expertise and academic integrity in teaching,

research and innovation in accounting”


ADAPTABLE

PASSIONATE

INSPIRING

“To produce professional graduates with commendable ethical values, entrepreneurial mindsets who are

employable locally and internationally”


IQRA’ Culture 2: Empowering Students (C.I.A.)

CURIOSITY

INDEPENDENT

ADAPTABLE

“To strengthen the Faculty of Accountancy’s systems as a catalyst to enhance accountability and quality”


IQRA’ Culture 3: Enabling Governance (C.S.I.)

COORDINATION

STANDARDISATION

INTEGRATION

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


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


Our Achievements [1]


26

Our Achievements (2)

WAAE 2015 Bandung Indonesia



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



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



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

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


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


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


Thank [email protected]

http://accountancy.uitm.edu.my/v2/


workshop on asean accounting education (waae) prof. dr. rozainun ab aziz dean faculty of accountancy...

Documents