The CFAB qualification prepares students for global career opportunities through hands-on, focused and relevant learning.
IN 2010, the Malaysian Economic Transformation Programme set out to reach a target of producing 60,000 accountants by 2020.
However, the Malaysian Institute of Accountants (MIA) reported that there were only over 38,500 registered members as of 2023.
While membership growth has been steady, the ratio of accountants-per-population that Malaysia produces is lower than in other countries.
Producing more accountants is crucial for the nation as they play a vital role in ensuring financial transparency, economic stability and fostering investor confidence.
Accountants are also essential in helping businesses navigate regulatory environments, optimise financial performance and drive economic growth.
The Certificate in Finance, Accounting and Business (CFAB) is a powerful qualification that opens up a wide range of career opportunities in finance and business.
Unlike many other professions, jobs in finance, accounting and business are secure from automation, as they require human skills such as strategic thinking and critical reasoning, which AI or robots can't replicate easily.
A comprehensive qualification
CFAB is a robust introductory qualification designed to impart essential knowledge in finance, accounting and business.
It is certified by the Institute of Chartered Accountants in England and Wales (ICAEW), one of the world’s leading professional bodies in the field.
The CFAB programme merges classroom studies with practical work experience, offering a holistic learning experience that equips candidates with the requisite skills to become adept Chartered Accountants.
It acts as a foundational stepping-stone toward more advanced certifications such as the Associate Chartered Accountant (ACA) qualification.
Upon completion, students are well-prepared to embark on the ACA programme, which will further enhance their professional credentials.
The CFAB curriculum focuses on academic and technical subjects, as well as soft skills aimed at personal development.
This comprehensive approach ensures that candidates are well-rounded professionals capable of succeeding in diverse roles.
It also boasts strong industry linkages and recognition, providing networking opportunities and substantial exposure to the corporate world.
These connections are invaluable for career advancement and placement.
Young professionals chart their careers with Sunway TES’ globally recognised CFAB programme.
Global career opportunities
Holding a CFAB and ICAEW qualification opens doors to various career paths, including accounting, finance, auditing, tax advisory and business consultancy.
CFAB and ICAEW holders enjoy high employability, with a 100% internship and job placement rate, along with attractive high salaries and opportunities to start careers at the age 20 or 21, often leading to achieving high positions by the age of 30.
The globally recognised qualification enables graduates to work in countries such as the UK, Australia, New Zealand, Singapore, the UAE, Malta, Indonesia, Thailand and more.
The CFAB qualification includes several reciprocal arrangements as part of the global alliance. For instance, ICAEW members receive full membership in the Institute of Singapore Chartered Accountants (ISCA) without needing to attempt additional papers.
Sunway TES is a well-known institution providing top-tier education for students.
Leading professional accountancy institution in Malaysia
Sunway TES is an accredited provider of CFAB and is renowned for its exceptional educational standards.
The institution boasts world prize-winning lecturers with over 20 years of experience teaching the CFAB programme.
Sunway TES consistently surpasses global pass rates in most subjects, thanks to its well-structured programme that includes one-to-one lecturer coaching and close monitoring of students' performance.
The CFAB programme at Sunway TES spans 18 months and incorporates both classroom instruction and practical work experience.
It covers six CFAB subjects aligned with the ACA modules: Accounting, Assurance, Management Information, Business Technology and Finance, Principle of Taxation, and Law.
Students must also undertake six supplementary subjects, including English 1, 2, and 3; Business Mathematics; Interpersonal Communication; and Thinking Skills.
CFAB students also benefit from a three-month work-based learning component, with internship opportunities at prestigious firms like BDO, KPMG, Deloitte, PwC, EY, SJ Grant Thornton, Folks DFK, UHY, Mustapha Raj and the Sunway Group.
The programme is 100% examination-based with CFAB and ICAEW Professional level exams requiring a pass mark of 55 (cleared within four attempts) and ICAEW Advanced level exams requiring a pass mark of 50.
The CFAB programme at Sunway TES has three intakes in January, April and July, with its July intake currently in progress.
Additionally, Sunway TES offers the ICAEW Global Accountant Scholarship to students who achieve 8 or 9As in SPM, providing comprehensive financial support.
Don’t miss out on the chance to embark on a fulfilling career in finance, accounting and business with one of Malaysia's leading professional accountancy institutions.
For more details, visit the website.
