Minimum duration to complete the CARE programme is 36 months.
b)
Must be completed within a rolling of a 60-month period or any other
period approved by MIA.
c)
The duration must be sufficient to allow the graduates to develop and
demonstrate the competency requirements of an entry-level of CA.
d)
An employment period of less than six (6) months at any organisation
will not be counted as part of working experience. Also, "part-time”
experience will not be counted as part of the working experience.
Maintenance of the ledger including control accounts and their
reconciliation
1
·
Preparation and extension of the trial balance from the underlying
ledger accounts
2
·
Construction of financial statements
2
·
Application of appropriate accounting and auditing standards
3
·
Preparation and presentation of financial statements in accordance with
generally accepted accounting practice and current professional and
statutory requirements
The areas of competency and amount of time spent on the development of
competencies during the working experience period will vary among the
graduates. During their period of the CARE programme, graduates are
expected to have the opportunity to obtain diverse work experience and
competency development on a variety of assignments, depending on their
interests and on the opportunities available in the workplace.
Graduates must obtain at least 600 working days of experience in the
development of proficiencies in a range of the Specific Competencies
outlined in the CARE programme. This experience need to be acquired in a
period of not less than 36-month and must be completed within 60-month
or any other period approved by MIA after registered as a candidate of
the Institute.
ii.
Mentors are encouraged to provide, and graduates are encouraged to seek,
opportunities for competency development that include meeting the
competency standards in each of the seven (7) areas of Specific
Competency at the expected level of proficiency. All these worth of
experience can be done throughout the entire 36-month period or
pro-rated up to 60-month period or any other period approved by MIA.
iii.
Four (4) areas, however, remain core:
·
Audit
·
Taxation
·
Management Accounting
·
Financial Reporting
These four areas under Specific Competencies are critical in the
development of entry-level as a CA, therefore, there is a minimum
working days’ experience requirement which graduates must acquire in
fulfillment the CARE requirements.
iv.
Of the 600 working days required experience, graduates must obtain a
minimum of:
·
300 working days or 50% in at least two of core areas at Level 1 and
Level 2; and
·
The remaining 300 days or 50% required working experience provides
flexibility for graduates to cover other specific competency areas or
any other relevant areas decided by MIA.
v.
The breadth and depth of competency development beyond these minimums
requirements will be a matter of agreement between graduates and mentor
based on available opportunities, mutual interests and the needs and
abilities of the graduates.
vi.
Experience can also be acquired through rotation of assignment within
departments, to different departments, locations, functions, and through
different projects and assignments; and/or secondment to other
department. It may also include relevant in-house training or continuous
professional development (CPD) courses or activities.
b)
Generic Competencies
In addition to the Specific Competencies, registered graduates will have
to acquire generic skills knowledge during the CARE programme. It will
be up to the graduates to demonstrate to the person who supervises their
CARE programme that they have acquired a reasonable level of these
skills within a framework of sound professional values, as part of
gaining the Specific Competencies set out in each of the CARE competency
components.
To illustrate the integration of working experience with competency
requirements, and the flexibility available to graduates, four graduates
are profiled as below:
Other six areas (Management Accounting, Financial Reporting,
Business planning, Finance and Information technology)
100 200
600
Explanation:
Graduate A obtains 300 days in 2 core areas in Level 1 and Level 2. The
remaining 300 days, graduate is to focus more on auditing area in Level 3,
and to integrate competencies from all five areas of specific competence
in the different levels.
Explanation:
Graduate B obtains 300 days in 2 core areas in Level
1 and Level 2. The remaining 300 days, graduate is to continue focusing
on the same areas of auditing and taxation in Level 3.
Explanation:
Graduate C obtains 300 days in 2 core areas in Level 1 and Level 2. The
remaining 300 days, graduate is to focus more on financial reporting and
business planning areas in Level 3 and Level 2 & Level 3 respectively.
Please read and understand the CARE guidelines before using the system.
b)
Then, click FIRST-TIME LOG IN.
c)
Please key in your REGISTRATION ID and PASSWORD provided by the
Institute and click LOGIN.
d)
You will view the GRADUATE PARTICULARS page. Complete any
incomplete information on this page. Then click the SAVE & NEXT
button.
e)
You will be directed to GRADUATION DETAILS page. Complete any
incomplete information and click the SAVE & NEXT button.
f)
Click the DECLARE button. This is to declare the information provided
is true.
g)
Your registration is now complete and you will be given an option to change
the password. Print a copy of the acknowledgement for your
reference. Then, click the CONFIRM button once you have changed to
your preferred password.
h)
You are now directed to the WORKING EXPERIENCE page. Complete all
necessary particulars for your previous and present full time accounting
related working experiences only.
i)
Complete also the EXPERIENCE DETAILS column. Then, click the SAVE
button.
j)
Please appoint a mentor to verify your current and future accounting
related experience.
k)
Complete the mentor details. The mentor can be the reporting manager
in your current workplace or any appropriate person who can provide
guidance in the area of accounting. A mentor should preferably be a
member of MIA. If you do not have any mentor at the moment you can still
proceed to click SUBMIT.
Once the graduate has found someone to act as a mentor, he/she should
agree with that person on how they should exercise their responsibility.
The graduate should make arrangements for regular meetings with the
mentor, and discuss
what arrangements can be made for any follow-up meetings to
review the progress of the CARE programme. Once agreed, the graduate and
mentor should complete and sign the
Letter of Understanding to formally commence the relationship.
It is recommended the graduate, together with his/her mentor,
develop a work plan on how he/she will meet the Institute’s
working experience requirements. The work plan should align the graduate's job task to
the competency areas outlined in the CARE programme in order to ensure
the graduates will be able fulfill the required competencies.
The mentor is responsible for monitoring and verifying the experience
gained by the graduates. Throughout the period of CARE programme,
graduates and mentor should meet regularly to monitor and review the
experience being gained and competence being developed against the work
plan. The graduate is responsible for retaining all records of working
experience in the CARE log record which can be downloaded from the CARE
website at http://care.mia.org.my.
This CARE log record will assist mentor to keep track the graduates’
progress towards completing the CARE programme requirements. The records
should be sufficient enough to describe and justify how the graduates
have met the required competencies. At the same time, all competencies
achieved need to be updated regularly in the CARE portal. The mentor
should sign-off the record in the CARE portal to verify that graduates
have achieved the required level of competency.
It is the graduate’s responsibility to update his/her particulars if
he/she has changed his/her employment or mentor. Please take note that
the graduate has to ensure the previous mentor has verified and signed
off the experience record before he/she can change his/her employment or
mentor.
