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Accountancy in Australia

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Overview

Accountancy is a field that is vital to the success of any business, regardless of its size or industry. In Australia, accountancy courses come in the “Skill Occupation List”, which means it is the most popular course in the country.

Candidates who complete their degree in the accountancy field have various career options in International taxation, business management, forensic accounting, SME accounting, etc.

There are 42 universities in Australia that offer accountancy courses at various levels. You can apply to any of these universities to study in Australia.

But first, let’s explore why you should study Accountancy in Australia .

Why Study Accountancy in Australia?

Australia is renowned for its high-quality education system and is a popular destination for international students studying accountancy .

Accredited Courses:

Australian universities and colleges offer accredited accountancy courses, ensuring that students receive a high-quality education that meets industry standards.

Career Opportunities:

Studying accountancy in Australia can open up a range of career opportunities, including roles in financial management, taxation, auditing, and more. It is the most in-demand course in the country. So, for candidates who want to settle down in Australia after completing their degree, this is the best choice as they can easily get a high-paying job.

Industry Connections:

Many accountancy courses in Australia offer opportunities for students to connect with industry professionals and gain valuable work experience through internships and placements.

Vibrant Student Life :

Studying in Australia means experiencing a vibrant and diverse student life, with plenty of opportunities to meet new people and explore all the country offers.

Courses in Accountancy from Australia

Candidates who want to study in Australia for accountancy can apply for various degree programs or other certificate and diploma courses as per their qualifications.

  • Bachelor of Accounting : Knowledge of specific softwares and their usage is a must to bring your ideas effectively to life. While pursuing architecture study in Australia, you will design structures using several programs such as Photoshop, AutoCAD, and 3D rendering software.

  • Master of Accounting : Working as an architect requires interpersonal and people-management skills. A great deal of this profession involves cooperating with clients, builders, and local governments. Being good at developing and maintaining relationships is an important skill for managing different viewpoints and expectations.

  • Professional Accounting Programs : A flair for innovation is crucial to becoming a successful architect. Being innovative is the way to fulfil clients’ expectations with a balance of creative design solutions and adhering to regulatory requirements.

Australian Universities Offer Accountancy Courses

We hope you are ready to take a step towards a rewarding career in accountancy after studying accountancy in Australia , for which choosing the best university is vital. The process of concluding which university is best might be complex and time-consuming, but everything hinges on you making the correct choice.

So to help you, we are providing the top 10 universities in Australia that you can choose for accountancy courses.

University Name QS World Ranking 2023
Australian National University (ANU) 30
RMIT UniversityThe University of Melbourne 33
The University of Sydney 41
The University of New South Wales (UNSW Sydney) 45
The University of Queensland 50
Monash University 57
The University of Western Australia 90
The University of Adelaide 109
University of Technology Sydney 137
University of Wollongong 185

Cost of Studying in Australia for Accountancy Courses

When you are applying to any university in Australia, you must check the fee structure for your course.

The cost of studying in Australia is a minimum of 14 lakh for bachelor courses to 16 lakh for master’s courses. However, the fees will completely depend on your course and subject so you should always check the fee structure for international students before applying to the university.

Cost of Living in Australia

Having a clear idea about the cost of living and the course fee is crucial as it directly affects your financial standing.

The cost of living in Australia for individuals is approximately $20000 annually. Although, this will depend on your living area and personal spending habits.

Accountancy Jobs in Australia

Once you complete your studies in accountancy at top Australian universities, you will get various job options in MNCs and top companies.

  • Accountant

  • Accounts Payable Officer

  • Financial Analyst

  • Accounts Receivable Office

  • Payroll Officer

  • Finance Officer

  • Junior Management Accountant

  • Project Cost Controller

Salary after Accountancy in Australia

An accountant plays a vital role in any organization. They manage a company's or individual's finances under government law.

Once you are hired in any organization in any accountancy-related post, then you will get a good salary with many perks and benefits. Generally, a person can earn an average of $79,786 per year in entry-level positions and $117,617 per year with experience. Although, the salary completely depends on the person’s skills.

Conclusion

To summarise, accountancy in Australia is an important profession, considerably contributing to the country's economic growth and development. The field provides several employment options, from bookkeeping to auditing and financial analysis.

In Australia, the accounting sector is heavily regulated, with a set of rules and laws that accountants must follow. This assures that accounting professionals are honest, trustworthy, and knowledgeable. With the growing need for experienced accountants and the expansion of the business sector, the future of the accounting profession in Australia is bright.

We hope the above information will be helpful for you. You can explore the course and apply today in Australian Universities with the help of Meridean Counsellors. With our comprehensive guide provided by counsellors, you will be well-equipped to achieve your career goals and succeed in the accounting world.

If you are unsure or would like to get deeper insight, we encourage you to speak with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC) . If you are unable to travel to our offices, we offer online counselling services via our website. Our dedicated counsellors will provide you with the best guidance regarding your application to study in Australia. Don’t hesitate to contact us at application02@meridean.org or call us at 1800-1230-00011.

If you found this information useful, please share it with your friends looking to study in Australia.

FAQs

The job prospects for accountants in Australia are favourable, with a 6% growth rate expected over the next five years.

Accountants can work in a number of settings in Australia, including public practice, industry, government, and not-for-profit organisations. They can also focus on taxation, auditing, management accounting, or financial accounting.

Analytical skills, attention to detail, communication skills, problem-solving abilities, and understanding of financial applications and technology are all important for a career in accounting.

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