1. Accountancy …… as a preferred career choice
Dato' Raymond Liew
4th April 2009
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3. Accountancy as a profession
In today’s global competitive environment, more so in the current economic downturn, more and more business entrepreneurs are turning to the professional accountants for guidance, not only in managing the financial affairs of their businesses but safeguarding their financial disclosures and accountability of their business transparency.
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4. “ Winning is nice…. if you don’t lose your integrity in the process ”
Arnold Horshak
“ Winning is nice…. if you don’t lose your integrity in the process ”
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5. Accountancy… is today’s a sought after profession – Why?
Fairly high degree of comfort in lifestyle;
Prestigious status in society;
Highly respected by other professionals;
Financial stability; and
Most importantly, high job satisfaction.
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6. never have to go to work anymore.”
The chosen profession!
“If you have a job
that you love and enjoy,
you are fortunate and
never have to go to work anymore.”
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7. Other top professions…
Lawyers;
Medical doctors;
Engineers;
Surveyors & Valuers;
Architects;
Bankers;
Stock brokers.
This list is by no means exhaustive.
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8. Accountancy as a profession
A key question for you…
Do you have the following qualities and attributes of an Accountant?
A high degree of discipline;
Good degree of reasoning ability;
A good communication skill with a good command of the language;
Most importantly, one must uphold the integrity of the accounting profession.
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9. Career paths…
As an Accountant, you may embark in any of the following sectors:
Public practitioners;
Accountants in industry and commerce;
Accountants in government and statutory bodies; and
Accountants as academicians.
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10. Career paths… Public practitioners……..
Public practitioners are those accountants in public practices i.e. operating a public firm providing any of these professional services:
External and internal auditing;
Taxation advisory and compliance;
Management and corporate advisory;
Secretarial services;
Insolvency;
Financial services and many more………
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11. Career paths… Public practitioners……..
To be a public practitioner of various specialised professional services, you would need a special licence for each of the following:
External auditing
 Granting of an Audit Licence from the Ministry of Finance (MOF);
Taxation  S153 Licence from the MOF;
Insolvency  Special Licence from the MOF;
Financial services
 Special Licences
from either the Securities Commission and/or Bank Negara.
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12. Career paths… Accountants in industry and commerce…..
Many accountants are engaged in the industry and commerce and they provide invaluable financial assistance such as the following:
Internal auditing;
Financial management dealing with
financial models and methodology;
General management;
Secretarial and compliance services;
Tax compliance services
And the list of services go on and on…
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13. Career paths…
Accountants in government and other statutory bodies…….
Accountants in government and other statutory bodies are generally responsible for the administration and use of public funds.
This would include some of the following:
Local authorities;
Hospitals;
Treasury;
e.g. Central Bank (BNM), Tax Authorities etc..…
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14. Career paths… Accountants as academicians……..
I have very high regards for this group of Accountants as they are committed to passing on invaluable acquired knowledge to you and training you to be accountants of tomorrow!
They are the following:
Lecturers in universities, colleges and schools;
and
Research assistants etc.
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15. Choose it with your heart and at your own free will!
Conclusion
To you Graduates and “would be Accountants, you are only young once, so make sure you choose your career choice wisely.
Choose it with your heart
and at your own free will!
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16. “To become successful, you must be a person of action
“To become successful, you must be a person of action. Merely to know is not sufficient. It is necessary to know and to do.” Napoleon Hill
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