The Institute of Chartered Accountants in Malawi (ICAM) celebrates the remarkable achievement of Fedas Prisca Mwafulirwa, who, at 30 years old, has successfully qualified for the prestigious Accounting Technician Diploma in record time. Her journey, marked by dedication, strategic planning, and unwavering perseverance, serves as a powerful inspiration to current and aspiring accounting professionals across Malawi.
Fedas Mwafulirwa receiving her certificate of recognition at Excellence Awards
Fedas, an alumna of K & M School of Accountancy, embarked on her accounting journey driven by a clear vision: a desire for personal financial literacy, the need for a solid foundation for career advancement, and the recognition of high job demand in the field. “I saw the Technician Diploma as a crucial stepping stone,” Fedas shares.
Her ambition didn’t stop at merely qualifying; he was determined to do it quickly. Why the rush? Fedas explains her pragmatic approach: “I wanted to join the workforce swiftly to gain practical experience, clear the path to pursue higher-level certifications, and importantly, minimize the financial burden of tuition and examination fees.”
Ther ambition translated into a highly disciplined study routine. Fedas committed to a rigorous schedule: evening study sessions from 7:00 pm to 9:00 pm and early morning sessions from 4:00 am to 5:00 am, Monday through Friday. Her method wasn’t just about putting in the hours; it was about effective learning. “I made my own short notes while studying,” she says, “and always sought help and references when tackling a specific topic.”
Fedas credits several specific strategies for her success. “I found it incredibly effective to study the chapter before attending the class and then review it again afterwards to assess my understanding,” he reveals. Tackling past paper questions relevant to the chapters covered and engaging in group discussions were also key components of her strategy. “Group discussions really broaden your understanding, as different students grasp concepts uniquely.”
She leveraged a variety of resources, including YouTube accounting tutorials, invaluable study groups, consultations with her lecturers, and classic textbooks like Frank Wood’s “Business Accounting 1 and 2”. Despite her success, the path wasn’t without its difficulties. Fedas identifies Accounting 1, Costing and Budgetary Control, and Management as the most challenging subjects within the program for her.
Managing time effectively was crucial. “I maintained fixed times for studies and rest,” Fedas explains, “and used reminders like alarms to stay on track.”
Beyond academic hurdles, Fedas faced significant obstacles, primarily financial challenges and moments where grasping complex concepts proved difficult, compounded by limited time. Her resilience shone through in how he tackled these issues. “My salary as a primary school teacher couldn’t cover the fees in full,” he admits. “So, I took on part-time teaching lessons after work to earn more.”
Crucially, the recognition she received from ICAM provided timely relief. “The monetary awards I received from ICAM for excellent performance covered a part of my tuition and examination fees,” she gratefully acknowledges. To overcome conceptual difficulties, she relied on “tutorials from the internet, practicing repeatedly, discussions with peers, and seeking help from lecturers.” When exam periods loomed, he strategically increased study time, slightly decreasing rest time to maximize preparation.
Support systems were vital. K & M School of Accountancy provided make-up classes and handouts, while family and friends offered essential emotional support during challenging times.
ICAM played a significant role beyond just setting the standards. Fedas highlights the support received: “ICAM provided study manuals and past papers with suggested solutions through the student portal, which was incredibly helpful. They were also responsive in providing the right information through their offices and email.”
Furthermore, ICAM actively recognized and rewarded her dedication. “ICAM organized excellence awards ceremonies every semester, provided certificates of merit and monetary rewards for subjects where I achieved the highest grades,” Fedas notes. “They even refunded my transport costs for attending the award ceremonies and, significantly, connected me with various potential employers.”
Looking ahead, Fedas has set her sights high. Her long-term goal is clear: “To become a Chartered Accountant.” Her aspirations include reaching a management position and potentially specializing in financial accounting.
Drawing from her experience, Fedas offers valuable advice to fellow students: “ICAM is doable! It’s possible to complete the diploma within your planned schedule. Professional exams demand hard work and time. But also, balance studies with leisure; the brain needs natural rest. And remember, group discussions help immensely.”
To all aspiring accountants in Malawi, she shares a powerful message: “Congratulations on taking the first step! Studying accounting requires dedication and perseverance. Thrive for excellence – it opens doors to new opportunities. Don’t give up, even when it gets tough; challenges make us stronger and more resilient. And celebrate the small wins along the way – each one gets you closer to your goals.”
Fedas concludes with a critical insight gained from her journey: “I noticed many students convince themselves that ICAM exams are inherently hard and that repeating subjects is normal. Some even give up. My experience is different. You must believe you will make it and work hard consistently throughout the semester. The syllabus might be challenging, but it’s manageable and achievable. It is absolutely possible to pass each subject on the first attempt – I am a testimony to this. Giving up is never an option. Don’t be afraid to ask questions or seek help when needed. Fellow students and lecturers are valuable resources – make use of them.”
Fedas Prisca Mwafulirwa’s story is a testament to the power of clear goals, disciplined effort, resourcefulness in overcoming obstacles, and the importance of a positive mindset. Her record-time completion of the Technician Diploma is not just a personal triumph but a beacon lighting the path for future generations of Malawian accountants.
By Editor-in-Chief