The Institute undertakes regular review of its education
and training curriculum to ensure that new CPAs have attained the requisite
technical knowledge, professional skills and competencies to practise the
profession. The Institute has just implemented its new examination structure for
the revised MICPA Programme.
New entrants to the Programme will be required to undertake common
examinations which comprise five modules which covers the concepts and
principles underpinning accountancy in all its disciplines, with emphasis on
preparing new CPAs with technical and strategic business skills relevant to
modern business.
The five modules in the Programme run for 12-14 weeks each. Candidates can
undertake the four technical modules (shown below) in any order and must
complete the Programme with the final module, Ethics and Business
Application.
Candidates can attempt only one module at a time.
Ethics & Business Application
Provides a consolidation of the learning from the technical modules. This
module draws heavily on a candidates' work experience to apply what they have
learnt to solve real business problems, and make appropriate responses to
ethical dilemmas and corporate governance issues.
Financial Accounting & Reporting
This module gives an understanding of the framework for financial accounting,
and how to identify and apply fundamental standards and pronouncements. Content
includes: disclosures and consolidated financial reporting, cash flow statements
and the practical application and understanding of ethics.
Management Accounting & Analysis
Explains how to apply the core concepts of management and strategic
accounting. Topics include forecasting and budgeting with decision tools and
investment analysis tools and techniques, corporate finance and risk management,
strategic planning and analysis, ethics and corporate governance, and
performance reporting.
Audit & Assurance
Explains the framework for auditing and assurance and includes topics such as
legal and professional requirements, conducting audits, risk, fraud, internal
controls, ethics, reporting and assurance and audit related engagements.
Taxation
Provides a thorough understanding of the fundamental concepts and principles
of the Malaysian taxation system and relevance of taxation to personal and
business decision making. Candidates are expected to display an in-depth
understanding of the impact of all major taxes on the transactions of individuals,
companies and special undertakings and be able to identify, discuss and advise
on the tax issues in a particular situation as well as planning opportunities to
minimise potential tax liabilities. The module also covers topics on investment incentives and indirect taxation.
