In the corporate sector, accounting is essential because it forms the basis of record-keeping, financial decision-making, and strategic planning. Qualified accounting professionals are in high demand as organisations continue to navigate more complicated financial landscapes. International students can choose from a range of professional accounting courses offered by Australian universities. Students can select the degree program based on their desired career path and areas of academic interest.
Why study accounting in Australia?
Quality of education: According to QS World Rankings by Subject 2023, 5 out of the top universities are located in Australia. The universities make sure that the programs offered are according to the current trends. The education combines theoretical and practical training that gives the student a wide range of subjects and knowledge.
Q Strong economy and business environment: Australia has a strong economy and thriving business environment. The country offers ample amount of opportunities for professionals. As per the World Economic Forum’s Global Competitiveness Report 2023, Australia ranks 19th in global competitiveness.
Q Job opportunities and scope for growth: Professionals in accounting are in constant demand in Australia. A robust growth prognosis for accountants is projected on the Australian Government's Job prognosis website, with over 50,000 job opportunities anticipated over the next five years. Additionally, the Department of Jobs and Small Business of the Australian Government reports that the median annual wage for accountants in Australia is AUD 72,800, with the possibility of higher pay as professionals advance in their careers.
QAccreditation and recognition from employers: graduates of Australian bachelor’s degree programs in accounting frequently obtain professional recognition from prestigious accounting organisations including CPA Australia, CA ANZ, and IPA. Gaining professional recognition improves one's employability, gives one access to a large professional network within the sector, and opens doors to more advanced career prospects, including becoming a Certified Practicing Accountant or Chartered Accountant.
QWide Variety of Programmes: Undergraduate and graduate accounting programs are offered by Australian universities in a wide range of combinations. Within the accounting sector, students can select from a variety of specialisations to customise their education to meet their professional objectives.
QCurriculum that is both Industry-Relevant and Practical: Australian accounting programs are intended to be both industry-relevant and practical. Students frequently have the chance to work with industry partners on projects, internships, and other hands-on experiences.
QGlobal Perspective: Students are exposed to a variety of viewpoints and international business practices thanks to Australia's multicultural atmosphere. This can be especially helpful for those in the accounting industry, since they frequently deal with clients and organisations from around the world.
Different Specialisations
Accounting as a major in Australia has several specialisations that include Taxation Accounting, Management Accounting, Financial Accounting, Forensic Accounting, Auditing, Cost Accounting, Financial Planning, Sustainability Accounting, Corporate Finance, Internal Audit, Information Systems Auditing, Government Accounting, Not-for-Profit Accounting, International Accounting, and Risk Management.
Cost of Accounting in Australia
The annual tuition fees for international students for studying Accounting ranges from AUD 25,000 to AUD 45,000.
Eligibility criteria for accounting in Australia
- The candidate should have completed secondary education or equivalent from a recognised university. Every university has a separate score set for the students. The student in their academics should achieve the particular score.
- Results from English language competency tests, like the IELTS, must be submitted. The university and program may have different minimum scoring criteria. Certain colleges, such as the successful completion of prior English-language coursework, may accept other proof of English ability or the fulfilment of certain exemptions based on nationality.
- You must have the financial resources to pay for living expenses, tuition, and other associated expenditures. Financial records or a declaration of financial capacity will be submitted in order to evaluate this.
- For the entire time you are a foreign student studying in Australia, you must have Overseas Student Health Coverage (OSHC). Hospital and medical insurance coverage is offered by OSHC.
Top Universities in Australia
Australia is known for its prestigious universities and excellent accounting courses. Top universities for accounting in Australia include: The University of New South Wales (UNSW Sydney), The University of Melbourne, The University of Sydney, Monash University, Australian National University (ANU), The University of Queensland, The University of Technology Sydney, Macquarie University (Sydney, Australia), Deakin University, RMIT University.
Job opportunities in Australia
The job opportunities in Australia after an accounting degree includes Chartered Accountant (CA) or Certified Practicing Accountant (CPA), Auditor Financial Analyst, Tax Consultant/Tax Accountant, Management Accountant Forensic Accountant, Finance Manager, Business Analyst, Risk Analyst, Treasury Analyst, Accounting Information Systems Specialist, Corporate Secretary, Financial Planner/Adviser.
For further assistance or queries students can contact us, Edwise International, and avail of our wide range of services for students on destinations like Universities in Australia, study in Australia, study in UK, study in USA, study in Canada, study in Ireland, study in New-Zealand, study in Singapore and many other countries.
