Incorporating an apprenticeship model of internship for higher accounting education

Abstract

This paper presents the employment challenges accounting graduates face in Malaysia, highlighting the gap between their acquired skills and industry requirements. The issue is exacerbated by rising youth unemployment, despite a low overall unemployment rate. The Malaysian government’s Education Blueprint 2015-2025 advocates for experiential learning to enhance graduate readiness for the workforce. Despite current industrial training that accounting students experience, apprenticeships that combine hands-on experience with mentorship from industry professionals, are seen as a key solution, particularly in light of the rapid technological changes of the Fourth Industrial Revolution and Society 5.0. These developments necessitate a shift in educational models to better prepare students for the evolving job market. This paper proposes an apprenticeship model that aims at improving experiential learning and aligning educational outcomes with industry needs, thereby addressing the skills gap and enhancing employability by producing graduates who are competent in technical skills, critical thinking, and continuous learning.