Do you feel drawn towards numbers and love their magic? If so, then go for accounting as your career choice.
No business can run without professional accountants. Being the core of every business, accounting provides control, stability, and management of the company’s finances. Till the time the world is run by businesses, accountants will always be in demand. Owing to world-class universities, top-notch education facilities, vibrant culture, and lower tuition and living expenses, Australia makes it the perfect country to pursue a promising career in accounting.
Opting for a course in accounting will equip any student with the know-how, basic skills, and knowledge that’ll make you ready for any industry. During the course, you’ll learn how to gauge the financial position of an enterprise, which further helps in planning, decision-making, and controlling processes. It can be said as a report card of the firm that helps in determining the overall performance of the company.
What is Accounting?
Accounting in plain terms, is the business of numbers – it can be considered an evaluation sheet of any company to measure its profit and loss in a year. It is through knowledge of accounts that a company can make future plans and do some financial analysis. In brief, accounting is putting onto paper the financial reality of a company through data.
Accounting Courses in Australia:
A career in accounting is always a promising option. Australia offers a wide variety of courses one can take up depending upon the duration and one’s pocket.
- Diploma in Accounting – 6-months course
- Bachelors in Commerce – 3-years course wherein one can select a specialty
- Graduate Certificate in Professional Accounting – pre-requisite of Bachelor’s in Commerce or 5 years professional/ industry experience
- Masters of Commerce – Full time 1-year degree course with pre-requisite of Bachelor’s in Commerce
Role & Responsibilities of Accountant:
An accountant in many ways is the key person in any firm; the responsibilities he/she undertakes are numerous like:
- Cost Management
- Keeping a Budget
- Financial reporting
- Taxation Matters
- Handling Insolvency issues
- Oversight of accounting information system
Other than this, accountants also guide the organisation on how they should handle their finances and meet the financial goals. They also play a key role in advising on how to reduce expenses and increase revenues. Accountant prepares a financial statement every quarter, or as per the company requirement, which analyses the operational cost of income and expenditure. Auditing is another primary role one cannot overlook as it plays a very vital role in determining financial goals.
For any business, accounting helps solve complex financial problems through combined process of recording, analyzing, summarising, interpreting, and communica