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Why do I choose Accountancy as a career?

Do you know that Accounting and Finance are important functions of all business? All businesses and organisation deal with money. They need to account for their money and transaction appropriately to support many critical processes like:

  1. To tell how much revenue and profit the business has made?
  2. To provide a financial report to their investors and shareholders.
  3. To determine the taxes that the business needs to pay to the government.
  4. To apply for bank loan.
  5. To manage the business and to grow the business.

You can see that even in the smallest business like a food-truck operator to a large multinational corporation – we need to keep records of transactions and we have to prepare the accounts. That is why all businesses and organisation has to keep an accounting function and there is always a job for an accounting person in any industry.

LCCI could be a foundational qualification to access an entry-level accounting job while ACCA could open the door of opportunity to climb the corporate ladder up a very high and senior position in a company.

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Look at the prospects of being a professional accountant:

Why LCCI is a good qualification for you?

It is internationally recognised – LCCI qualifications are delivered and assessed in English and are widely accepted by many countries globally. Every year there are more than 250,000 students choose LCCI qualifications to further their professional and academic qualifications or to start their career.

It is highly acceptable to employers. The LCCI syllabus is very relevant to meet the needs of businesses, making LCCI Diploma holders are highly sought after by the job market, especially in Small and Medium Enterprises.

It is flexible – modular-based approach where you can study according to your needs. You could complete a single subject or complete various subjects in a duration that fits you. Imagine, it takes less than 3 months of classes, once every week to complete your LCCI study for each subject.

It is very affordable – start with just RM800 per paper or pay with monthly instalment from RM300 per month.

It is recognised as entry requirement to many professional qualifications like ACCA or even universities.

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How Much Does LCCI cost?

Affordability of Professional Accounting Qualification

To complete LCCI Level 2 and Level 3, you only need to invest approximately RM8,000 to RM10,000 over a period of roughly 18 months. This will earn you a Diploma from LCCI. If you already possess a basic understanding of accounting from school or work experience, you can begin your LCCI studies at Level 3. Reach out to us for guidance.

Once you have your LCCI Diploma, you may choose to enter the job market or continue your education with the ACCA Professional qualification. The LCCI Diploma allows you to complete ACCA in the shortest time of 2.5 years, at an estimated cost of RM18,000 for tuition fees and RM10,000 for exam fees.

Find out more about ACCA

Job Titles after LCCI and ACCA

LCCI Graduates

Upon graduation, LCCI graduates can expect a salary ranging from RM2,000 to RM2,500 when joining small and medium-sized enterprises (SMEs).

Although LCCI graduates typically start in entry-level positions at SMEs, they are well-regarded in the industry, and many are promoted to managerial roles after gaining years of experience. It is not uncommon for LCCI graduates with 4 to 5 years of experience to earn monthly salaries of RM3,500 to RM4,500.

ACCA Graduates

ACCA graduates can anticipate a starting salary of RM3,600 to RM4,200 when joining medium to large-sized public accounting firms. Upon promotion to a managerial level within the Big 4 accounting firms, their remuneration often reaches five-digit figures.

Potential job titles for ACCA graduates include the following:

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Progression after completing LCCI

Upon completing your LCCI diploma, you may consider advancing your education by pursuing the ACCA professional qualification. This highly respected credential offers in-depth knowledge and is highly sought after within the industry.

Find out more about ACCA

ACCA-FIA an alternative to LCCI

In November 2022, Pearson announced the discontinuation of LCCI examinations after 2023. As a result, students considering LCCI will need to explore alternative qualifications. We recommend that our students pursue the ACCA-FIA (Foundations in Accountancy). Designed and awarded by ACCA, the FIA qualification can be completed in approximately 9 months. Upon finishing ACCA FIA, students will receive three Diplomas at RQF Levels 2, 3, and 4.

Find out more about ACCA-FIA

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