GEORGE TOWN, Aug 7 (Bernama) -- KDU Penang University College (KDU Penang) and the ACCA (the Association of Chartered Certified Accountants) Malaysia have signed a Memorandum of Understanding (MOU) to pave the way for KDU Penang’s students to complete their ACCA Professional papers during their year 3 via the ACCA Accelerate Program. 

KDU Penang commemorated the partnership with ACCA in a signing ceremony at its campus today. Signing the MOU for KDU Penang was its Vice-Chancellor Dr. Chong Beng Keok, while ACCA Malaysia was represented by its Country Head, Mr. Jeyasothy Palakrishnar.

The BA (Hons) in Accounting program offered at KDU Penang has been accredited the accelerated pathway to complete the ACCA qualification via the ACCA Accelerate program. KDU Penang students can now undertake the last five ACCA Professional Level papers with a maximum exemption of nine papers in the Fundamental Level whilst studying for their degree program. This will give KDU Penang students a head start to qualify as a chartered certified accountant.

Under the Accelerate program, eligible students will enjoy benefits such as reduced initial registration fee, free annual subscription fee for 2 years upon graduation, deferment of exemption fees up to 2 years upon graduation and many more. They will also have access to the global ACCA community to provide practical assistance with their studies and future career. 

Speaking at the ceremony, Country Head of ACCA Malaysia, Mr. Jeyasothy said, “KDU is an educational institution with a long track record of producing competent graduates. It is this quality that ACCA is recognizing with the signing of today’s agreement. With both the KDU accounting degree and the ACCA qualification in hand, KDU graduates have the ability to become a valued strategic partner in the organizations they choose to work. ACCA Malaysia looks forward to working with KDU Penang to realize this vision.”

Vice-chancellor of KDU Penang, Dr. Chong Beng Keok said, “As we look forward to the completion of our new Batu Kawan campus, we are delighted to have secured this academic partnership with ACCA as a beginning of a fruitful collaboration which benefits our Accounting students in the long run”.

A team of dedicated and experienced lecturers will teach the ACCA papers at KDU Penang and course materials will be provided. The MOU signed is valid until the 2020.  

About KDU Penang University College
KDU Penang University College is a member of Paramount Education, a fully integrated provider that offers quality education from primary and secondary, both local and international, through to undergraduate and post-graduate levels, as well as executive and professional development programmes. 

Paramount Education is proud to have had 80,000 students since its inception in 1983, testament to its 33-year track record for providing good quality, high value education, anchored on the promise of shaping characters and building careers.
 

Paramount Education is the education arm of Paramount Corporation Berhad, a public company that is listed on the Main Market of Bursa Malaysia Securities Berhad and whose diversified business interests also include property development through its subsidiary, Paramount Property.

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 198,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,291 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers. More information is here: www.accaglobal.com.