The revised MICPA programme comprises 5 modules.
Technical Modules
- Taxation
- Financial Accounting & Reporting
- Management Accounting & Analysis
- Audit & Assurance
Final Module
- Business Ethics & Application
The four technical modules, which can be completed in any order, provide candidates with a solid understanding of the core accounting areas and Ethics & Business Application, the final module of the revised MICPA programme, consolidates their learning from the technical modules and draws heavily on their work experience. Candidates will focus on applying what they've learned to solve real business problems.
Overview of content
A brief description of the key content areas of each module is as follows:
Taxation (pdf, 164KB)
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.
Audit & Assurance (pdf, 291KB)
This module explains the framework for auditing and assurance. The content
will include topics such as legal and professional requirements, conducting
audits, risk, fraud, internal controls, ethics, reporting and assurance and
audit related engagements.
Financial Accounting & Reporting (pdf, 260KB)
Candidates will gain an understanding of the framework for financial
accounting, and be able to identify and apply fundamental standards and
pronouncement. The content will include topics such as disclosures and
consolidated financial reporting, cash flow statements and the practical
application and understanding of ethics.
Management Accounting & Analysis (pdf, 293KB)
In this module, candidates will apply the core concepts of management and
strategic accounting. The content will include topics such as 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.
Ethics and Business Application (pdf, 293KB)
Providing a consolidation of the learning from the technical modules, this
module draws heavily on candidates' work experience to apply what they have
learnt to solve real business problems.
On successful completion of the final module, candidates will be eligible to apply for membership with MICPA and ICAA provided they have obtained at least 3 years of approved practical experience.
