Post on 15-Apr-2017
transcript
Build Your Career As A Professional
AccountantBerjaya College
10 December 2016
Who is a Professional Accountant?
A person who knows the cost of everything
and the value of nothing? - internet
A person who help people to understand performance and
situations of organisation using numbers?
Accountants work on the past, present and future
The Past
• Financial reporting
• Auditing• Tax
computation
The Present
• Internal control
• Risk management
• Regulatory compliance
The Future
• Costing• Budgeting• Performance
management
Some examples, accountants do a lot more!
The Malaysian accountancy supply chain
Moving up the corporate ladder
Roles of accountants in nation building
Roles of accountants in nation building
How change drivers influence market and stakeholders
SMEs Corporates
Government
GLICs Individuals
MPERSMFRS
Integratedreporting
IPSASXBRL
GST
Balancebudget
Financialinclusiveness
Anti-corruption
Crowdfunding
Anti-monopoly
NewCompanies Act
Economicgrowth
High costof living
Intensecompetition Corporate social responsibilityCyber security
Blockchain
Affordablehousing
Basel 3
How change drivers influence market and stakeholders
Public practice
Professional accountants in business
Accountants in academics
Public sector accountants
The Market
SMEs Corporates
GLICs
Government
Individuals
Society
Technology
Economics
Environment
Regulation
How wouldthe profession
react?
While we are discussing about the profession, theworld keeps on changing
• Guidelines on RecognisedMarkets became effectiveon 2 May 2016
• Allowed 6 equity crowdfunding platforms to operate
• Bursa Malaysia issued a consultation paper on SME Board in September 2016
While we are discussing about the profession, theworld keeps on changing
Equity Crowdfunding
Peer to Peer LendingB2B finPAL
Peoplender
What does it take to be a Professional Accountant?
Your next step after graduating is to pursue professional accountancy qualification of your choice
Can you guess who these people are?
Moving forward
•The marketplace would continue to revolve, creating new competency and skill demands
•A professional accountancy qualification provides the holder with a stature that he or she has met the baseline competency required
•Your career progression is dependent on how much you are able to leverage on the qualification and create value to your organisation and stakeholders
•The accountancy profession provides you with a wide range of opportunities in this exciting and ever changing planet!