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papers. The students are allowed to sit for some of the remaining papers in the third and final year of their
programme.

For students who wish to embark on a professional pathway with CIMA, the arrangement between UM and CIMA
allows students to be exempted from ten (10) CIMA papers when they pass all BAcc core courses. In June 2021,
UM has signed an MOU with CIMA that allows our students to join the Finance Leadership Programme (FLP)
Programme during their study in UM and learn independently via online platforms to obtain CIMA qualification.
Under the FLP programme, students are only required to pass three main case study exams (operational,
management and strategic) and are able to obtain various certificates from CIMA.

UM and CPA (Australia) have entered into an agreement to allow fourth year students to take selected segments
of the CPA programme. The students need to complete the relevant courses of BAcc to gain full exemption of the
foundation level of CPA programme. The BAcc graduates from UM may apply to CPA to join as an associate (ASA)
member, before commencing the professional papers. This will allow the students to get a head start in their
professional accounting career.

MAICSA is the premier professional body for company secretaries and governance professionals. BAcc graduates
from UM are eligible to apply for exemptions of certain modules of The Chartered Governance Qualifying
Programme (CGQP).

Graduates from this programme are granted exemptions for certain modules by the Malaysian Financial Planning
Council (MFPC).

CIPFA is the leading accountancy body for the public services providing education and training in accountancy and
financial management. UM BAcc graduates are entitled to exemptions for certain papers of CIPFA.

UM is the first University in Malaysia to be accepted into the Internal Auditing Education Partnership (IAEP)
programme by the Institute of Internal Auditors (IIA) Inc. USA. This programme was developed by IIA for the
purpose of promoting and assisting educators who offer an internal audit education programme. The IAEP
programme prepares students with the skills and knowledge to help them to conduct basic internal audits
immediately upon hires and also provides them with a foundation to begin preparing for the CIA® examination.
Other benefits offered include free books, research collaboration and assistance, and student internships at
member organisations.

The following table summarises the exempted modules by different professional bodies and its corresponding
courses in BAcc:

ACCA
Modules Exempted Accredited courses/ Courses required for Modules to complete
exemption
Performance Management 1. Strategic Business
CIA2003 Accounting for Decision Making and Leader
Control

CIA3004 Seminar in Management Accounting 2. Strategic Business
Reporting

Taxation CIA2012 Principle of Taxation 3. Choose any 2
CIA2013 Tax Compliance modules:
Advanced Financial
Financial Reporting Management OR
CIA1003 Intermediate Financial Advanced
Accounting and Reporting Performance

CIA2001 Advanced Financial Accounting and Management OR
Reporting Advanced Taxation
CIA3001 Corporate Accounting OR
Audit and Assurance CIA2011 Auditing Practices Advanced Audit and
Assurance
CIA3015 Accountability and Auditing
Financial Management CIX2001 Financial Management
CIC2011 Corporate Finance