MoU to spur practical learning in accountancy

Exchanging documents are: (l-r) Prof Choong, Leong, Prof Chuah, Dato' Liew, and Yeap; as Dato' Ir Lim (3rd from right) looks on

Stepping up efforts to intensify practical learning to its accountancy students, Universiti Tunku Abdul Rahman (UTAR) signed a Memorandum of Understanding (MoU) with three partners; Ngage Advisory PLT (Ngage), YGL Convergence Berhad (YGL), and McMillan Woods to strengthen co-operation in educating and organising accountancy software courses using YGL TAXcom Office in the field of accountancy. The MoU exchange ceremony was held at UTAR Petaling Jaya Campus on 7 April 2014.

Attending the exchange ceremony as the Guest of Honour was YBhg Dato' Ir. Donald Lim Siang Chai while representing UTAR, was its President YBhg Ir Prof Academician Dato' Dr Chuah Hean Teik. The signatories of the partner MoU were Ngage Advisory PLT Managing Partner Leong Kah Mun, YGL Convergence Bhd CEO Yeap Kong Chean, and McMillan Woods Managing Partner YBhg Dato' Raymond Liew Lee Leong. Also present as witness of the MoU for UTAR was the Dean of Faculty of Business and Finance Prof Dr Choong Chee Keong.

The MoU exchange showcased UTAR's continuing efforts to collaborate with industry partners so that its students are educated and trained to be industry relevant and ready for the workforce upon graduation. This MoU provides the relevant practical training for UTAR students in the Faculty of Business and Finance (FBF) and the Faculty of Accountancy and Management (FAM) and to gain experience in using the industry relevant tax-related software termed as "YGL TAXcom Software" even before graduating.

In his speech Prof Chuah said, "This collaboration taps on the combined strengths of 3 business entities to pool together their resources and expertise to give our students a firmer foundation in financial IT literacy and prepares them well for the fast moving environment of tax consultancy and financial services." In adding that UTAR's 4-year accountancy programme is fully accredited by the Malaysia Institute of Accountants and would be listed in part 1 of First Schedule to the Accountants Act 1967, he also elaborated on the head start in the professional accounting careers of students due to the internships and job- linked arrangements with the three parties and the brighter prospects of UTAR graduates for even a global career ahead.

"When I was informed of this collaboration, my immediate thoughts were that this MoU would significantly benefit UTAR accountancy undergraduates when they embrace the working world with relevant skills as demanded by the business communities. On another note, I am pleased that a worldwide affiliated and reputable tax practitioner McMillan Woods, YGL Convergence Berhad and Ngage Advisory PLT, had altogether strived and supported UTAR with a high level of professionalism and subject knowledge." said Dato' Ir Lim in his address.

In his speech representing YGL Convergence Berhad, CEO Yeap Kong Chean gave a short introduction of the company and stressed the significance of this collaboration. "We congratulate UTAR for its efforts to continuously upgrade and equip UTAR undergraduates in its accountancy degree programmes with relevant professional software skills set and practical industry knowledge that will allow them to meet industry expectations and make better contribution to their future employers as well as career advancement." He said.

The MoU also formalised the YGL TAXcom Software training and workshops and other accountancy related certification seminars at UTAR. In addition to the normal curriculum provided by the university, training for the use of this software is also provided for the academic fraternity at UTAR. There will also be cooperation in developing training, courses, simulation packages, and case study materials for teaching purposes.

Dato' Ir Lim delivering his address



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