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August 9, 2024

Five Reasons Why Accounting Makes for a Great Career

Accounting

Are you a numbers guru and looking for a stable career with plenty of room to grow?

Taking an accounting course has many benefits both personally and professionally. It builds important skills that are useful in all parts of life and opens up various job opportunities. In this blog, we’re cover the top five reasons why you should study accounting.

What is accounting?

In simple terms, accounting involves recording, summarising, and analysing financial records to provide useful insights. This can include preparing financial statements, analysing budgets, and keeping track of cash flow.

Accountants also handle business finances, helping companies make smart decisions based on accurate information. They assist with planning for the future, managing risks, and achieving financial goals. That’s why accounting is a critical function for any and every organisation.

What is the average accounting salary in Australia?

The average accounting salary range in Australia is between $65,000 and $85,000 with most entry-level jobs starting at around $60,000. Senior accountants who have years of experience and training may earn over $100,000. 

What are the different types of accounting courses?

Certificate IV in Accounting & Bookkeeping

Our FNS40222 Certificate IV in Accounting & Bookkeeping (CRICOS Course Code: 109978C) is a great starting point for anyone looking to work in accounting and gain professional recognition. This qualification is perfect for roles such as tax agents, accounts managers and business analysts, as well as for those handling various accounting tasks in different industries.

This course covers key areas like preparing and lodging business and instalment activity statements, data processing, monthly reconciliations, budgeting, and financial reporting. You’ll also learn how to make end-of-year adjustments and finalise financial records. Additionally, dealing with the Commissioner of Taxation regarding activity statements and other lodgements is an important part of this qualification.

This course equips you with the skills and knowledge to work independently and handle both routine and complex tasks with confidence.

Possible career outcomes:

  • Financial analyst
  • Registered tax agent
  • Budget specialist
  • Accounting manager

Diploma of Accounting

Our FNS50222 Diploma of Accounting (CRICOS Course Code: 110560H) is a thorough course designed for various accounting roles in financial services and other sectors. This includes positions such as tax agents, accounts payable and receivable officers, payroll service providers, and other accounting roles across different industries.

In these roles, you’ll solve a range of complex problems and analyse information from different sources. You’ll also plan, coordinate, and review your own work while guiding others, all within set guidelines. This diploma prepares you for handling these responsibilities with confidence and skill.

Possible career outcomes:

  • Tax agent
  • Accounts receivable officer
  • Accounts payable officer
  • Payroll service

Why should you study an accounting course?

If you’ve been considering studying, here are 5 great reasons to choose accounting:

Job opportunities

Becoming an accountant allows you to work in basically any industry. With a background in accounting, you can work as a tax account, financial analyst, internal auditor, payroll clerk, or in accounts payable and receivable. This broad range of options means you’ll have plenty of choices after you graduate.

Career growth

An accounting course is a valuable step towards career advancement. With the right skills and experience, you can move up to managerial roles like senior accountant, accounting manager, or finance director. Plus, accounting skills are highly transferable, allowing you to work anywhere in the world, especially if you’re a chartered accountant. 

High earning potential

Accounting is a well-paying profession. By completing an accounting course, you can increase your earning potential. As you gain more experience and advance in your career, your salary can grow significantly, with no upper limit on what you can earn. 

Transferable skills

Accounting courses teach valuable skills that are valuable in any industry, such as critical thinking, problem-solving, communication, and financial management. These skills are useful in any industry and make you a versatile candidate in the job market. They are also helpful if you decide to start your own business.

Job security

The demand for accountants is always high. Every business requires accounting services, which means skilled accountants are always in demand. The accounting field is expected to grow with a 9.2% increase in accounting jobs expected by 2026. This makes an accounting qualification a secure and reliable choice.

Accounting is in high demand in Australia and will continue to be. With strong job growth expected in the coming years, now is a great time to start your journey in accounting.

Contact us today to learn more about our accounting course and kickstart your journey to a successful and rewarding career in accounting and bookkeeping.

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