Accounting
What is Accounting?
Accounting is the “language of business”; a system that collects, measures, and communicates all relevant financial information that an entity or a business requires for managing, reporting, resource allocation, and decision making purposes. Accounting is how business records, verifies, and reports values of assets, liabilities, income and expenses.
What do Accountants do?
Being an Accountant is much more than just crunching numbers. Accountants are strategic business advisors and valued member of management teams, and increasingly progress to senior management or board positions. Besides recording business transactions, bookkeeping and preparing financial statements, accountants also: provide advice on interpretation and application of financial data, participate with senior management in strategies for mergers, acquisitions and future direction of the organisation, compute cost and efficiency gains from new technologies, analyse the growth opportunities for new products, develop management information system to facilitate organisational control, decision making and reporting on organisational financial performance.
What do I study?
The Accounting major, which can be undertaken as part of the Bachelor of Business, will prepare you for one of the most sought after business professions. Accounting major units focus on financial and management accounting, specialised accounting applications, audit and assurance, and corporate and taxation law.
The final year capstone industry based projects will be based on a real application in industry or in an organisation. This project will allow you to bring together and strengthen the knowledge and skills you have gained during the program.
Related courses:
Bachelor of Business (Majors in: Accounting, Marketing, and Management)
Graduate Diploma of Accounting
Master of Professional Accounting
What are the career opportunities?
As a graduate of the accounting major, you may find employment in areas of corporate accounting, financial accounting/reporting, managerial accounting, auditing and assurance, taxation, and investments, within all areas of commerce, industry, and government.
Career roles and options include: Graduate Accountant, Certified Practising Accountant, Chartered Accountant, Credit Controller, Credit Analyst, Auditor, Financial Analyst/Consultant, Financial Planner, Finance Manager, Investment Analyst/Consultant, Investment Manager, Business Analyst/Consultant, Corporate Secretary, Taxation Consultant, Taxation Agent, Systems Accountant and Forensic Accountant.
Professional accreditation and memberships
The Bachelor of Business (Accounting major) and Master of Professional Accounting courses are accredited by CPA Australia (see http://www.cpaaustralia.com.au), ICAA – Institute of Chartered Accountants in Australia (see http://www.charteredaccountants.com.au), and IPA - Institute of Public Accountants (see http://www.publicaccountants.org.au/). Upon successful completion of these courses graduates will be eligible to apply for associate membership of both CPAA and IPA; and entry to both the CPA Program of CPAA and the CA Program of ICAA.
