Discover the fundamentals of business and kickstart your profession in Accounting and Financing.
We offer effective guidance enabling students to make educated decisions about Bookkeeping and Accounting pathways in Australia. Inquisitive about career opportunities in Finance? Not certain about Accounting specialities in Australia? Allow Study Path Consultants to chart out a comprehensive plan of action to ensure a lasting and fruitful academic experience in Australia.
What is Accounting and Finance?
Accounting and finance play an essential role in the management of any business.
Companies operate on money, and if the money is not controlled, neither can the business. By properly accounting for an organisation’s income and expenses, the flow of money can be managed and thereby direct the course of the business.
Why is Australia the preferred destination for Accounting and Finance?
Australia is proud to be the third most popular destination for students in search for an educational destination. Accounting students with Australian degrees are expected to record, classify, summarize, interpret and communicate the financial information for an organization. It has been recorded that students with Australian Accounting degrees manage to earn upto 20% higher than the average wages for other professions along with promising job prospects across the globe.
As for graduates in the Finance stream, choosing roles such as Financial Managers whose concern include the commercial activity of providing funds and capital for individuals and organizations. Research shows Finance graduates earn 39% higher than the average wage of other occupations in all industries.
Recognition of prior education
Depending on prior education and work experiences, a student is allowed to request for a credit transfer towards the similar program. This will prevent the student from taking a similar unit that he has already studied in the past and will result in less course cost and duration. This will allow the students more time to concentrate on the remaining units.
Accreditation: A Graduate of Accounting and Finance are qualified for CPA Associate participation given that enrolment necessities and establishment exams have been fulfilled via their degree education. Students are expected to successfully complete the CPA Program education component. For further details please refer to the CPA Australia website.
Further Education: Upon completion of the course, students are eligible to further pursue Masters or PhD in various business and project management related courses.
Professional Year Program: The Professional year program had been produced to address Australia’s aptitude deficiency, and additionally increment the employability of graduate worldwide understudies by improving abilities and learning including giving industry encounter. The program had been produced by the expert overseeing associations (for bookkeeping experts – CPA Australia, the Institute of Chartered Accountants of Australia and the Institute of Public Accountants) to ensure importance and address the businesses’ needs while choosing candidates. The program is made out of least 44 weeks for preparing the students which incorporates 12 weeks of temporary job postings in an industry related work environment.
Pathway to Success:
Financial Analysts, Business Advisory Managers, Accounts Receivable Managers and Management Accountants will get the biggest pay rises. And finance professionals with well developed Accounting and Finance skills are in high demand across Australia. The recruiters say finance professionals can leverage the growing talent shortage for professionals with accounting skills to their advantage.
Wage growth across the finance sector is steadily above the national average at 2.1% across Brisbane, Melbourne, Perth, and Sydney.
Flexibility will be key for finance professionals to get ahead in their career. The senior end of the spectrum is seeing a high level of competition, and Accounting/Finance qualifications from Australian universities arms students with the relevant skills and prowess.