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FAQs – PENERAJU SKIL PERAKAUNAN (“PSP”)
About the programme
1. What is this programme about? What does it aim to achieve?
This programme is an initiative that was launched in 2013 to encourage and increase the presence and
participation of certified Bumiputera professionals in the accounting profession. This initiative is intended
to advance Bumiputera professionals in their careers and also provide the country with increased newly
tapped human capital pool. This is in line with Yayasan Peneraju Pendidikan Bumiputera (“Yayasan
Peneraju”)’s main objective to optimize Bumiputera capabilities towards high income employment
through quality education and certifications. In an effort to achieve this end, the Peneraju Skil Perakaunan
programme aims to increase the number of Bumiputera with accounting certifications such as Certified
Accounting Technician (CAT), Certificate in Finance, Accounting and Business (CFAB), The Chartered
Institute of Management Accountants – Certificate in Business Accounting (CIMA – CBA).
2. Who is this programme for?
This programme is open to Bumiputeras who are not more than 40 years old on the closing date of
application and obtained 5 credits in SPM – inclusive of Mathematics and English. Scholars must also have
confirmed employment in audit, accounting, finance, banking or business related fields.
3. What are the benefits of this programme and how is it different from other programmes?
This programme gives participants the opportunity to obtain an international accounting certification
(CAT, CFAB and CIMA-CBA) at leading education institutions in Malaysia while pursuing their careers.
4. Is this a scholarship or loan programme?
This programme is a convertible loan programme where only the annual subscription fees, initial
registration fees, exam fees and exemption fees will be put under a loan basis. However, scholars are
required to pay only a maximum of 20% from the total of the mentioned fees upon completion of the
programme (terms and conditions apply). Further reduction in the payable amount will be subjected to
Yayasan Peneraju Pendidikan Bumiputera (“Yayasan Peneraju”)’s discretion and the scholar’s
performance.
Other costs which include tuition fees, the preparatory development programme and mentoring will be
covered by Yayasan Peneraju as part of the programme.
5. Is this programme offered in all states in Malaysia?
No, it is dependent on the training provider’s locality. At this point, the programmes are only offered in
the Klang Valley and Kuching (for CAT programme only).
6. Which professional accounting certifications would I be able to pursue under this programme?
This programme gives you the opportunity to obtain accounting certifications such as Certified Accounting
Technician (CAT), Certificate in Finance, Accounting and Business (CFAB), The Chartered Institute of
Management Accountants – Certificate in Business Accounting (CIMA – CBA).
Application
7. How do I apply for this programme?
Interested applicants can apply by visiting our website at www.penerajuedu.com. Read about the
programme and FAQs, and if you meet the minimum requirement click on the online application link
and fill up your details. The official application for 2015 will be opened in April 2015, however, you can
start providing us your contact details at our website (www.penerajuedu.com) in order to be notified
once we open the application.
8. I am sure that there will be assessments for this programme. What is the structure of the
assessment?
An interview session will be part of an assessment process to select qualified Bumiputera candidates
who meet the application requirements for the programme. Besides the interview session, there are
other technical assessments that would take place.
9. If I pass the assessment, how I will be notified?
Those who pass the assessment will be notified in the form of a phone call and/or email.
10. What if I’m currently taking my CAT / CFAB / CIMA-CBA / ACCA / CIMA / CPA Australia / ICAEW /
MICPA - ICAA papers? Can I still apply?
No. We only accept applications from applicants who have not started their certification papers.
11. What if I’m currently working? Do I need to resign from my current employment if I wish to
undertake this programme?
No. You do not have to resign from your current employment. In fact, you are required to be employed
in order to be accepted into this programme. You must however obtain consent from your employer to
participate in this programme. Tuition classes and other programmes are held during the weekends on a
part time basis.
Other Details
12. Would I be bonded with Yayasan Peneraju after I have finished the programme? If yes, how many
years would the bond be in effect?
No. Scholars who have completed the programme will not be bonded by Yayasan Peneraju. However,
scholars are required to work in Malaysia, or if outside of Malaysia, scholars are required to work with a
Malaysian company (terms and conditions apply).
13. Am I required to commit to any kind of official contract/ agreement?
Yes. An official offer will be made and scholars are required to enter into a scholarship agreement with
Yayasan Peneraju.
14. Would I be able to reject the offer if I am shortlisted?
Yes. The agreement is only binding after the programme’s Scholarship Agreement is signed and
delivered to Yayasan Peneraju
15. What are the consequences I would face, should the contract be breached?
Scholars who withdraw or who are terminated from the programme are required to pay all costs incurred
on behalf of the scholar to Yayasan Peneraju. The amount calculated by Yayasan Peneraju will be up to
the point of termination.
16. If I have received another loan/scholarship, am I still eligible to receive Yayasan Peneraju’s
loan/scholarship?
No. Only one scholarship is allowed at a time.