How To Become An Accountant in Australia & Salary Guide

You may be asked to provide evidence of your English proficiency to study at UNSW depending on whether you are from an English-speaking background or non-English speaking background. If you are applying for a Masters’ degree, up to four courses, or 24 Units of Credit (UOC) may be awarded based on your previous business studies (bachelor or higher). If you’re completing an Australian Year 12 qualification (e.g. NSW HSC or equivalent), you do not need to provide anything extra to prove your proficiency. Your what is a collective bargaining agreement qualification will be used as evidence of your English proficiency.

This list covers pronouncements (or versions) applying only to periods later than the financial year 1 July 2023 to 30 June 2024. If you’re not ready to begin your journey towards becoming a CPA right now, there are other ways to stay in touch with us and help progress your career. Depending on your background, your pathway may include foundation exams, the CPA Program subjects and an experience component. For further specialisation, consider the Master of Professional Accounting (Extension), which offers more electives. CPA Australia members may be able to join ICAEW through the ACA study route. You can also apply for a practising certificate and gain audit rights in the UK with our Audit Qualification.

English language requirements

While the AASB standards are pivotal for Australian entities, understanding IFRS and GAAP is essential for businesses operating internationally or dealing with foreign investors. Outside of Australia, two major sets of accounting standards dominate -the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP). In the Australian context, the guidelines developed and maintained by the Australian Accounting Standards Board (AASB) are the critical standards you need to keep in mind to stay compliant when preparing your key financial statements.

Businesses

In the world of business finance, accounting standards like the Australian Accounting Standards Board (AASB), International Financial Reporting Standards (IFRS), and Generally Accepted Accounting Principles (GAAP) play a pivotal role. These standards are more than just a collection of complex rules; they are the foundation of financial transparency and consistency across the global business landscape. Becoming a CPA is about more than completing an education program – it’s an ongoing commitment to professional standards and continuous development. We pride ourselves on rewarding excellence and making university accessible to students from all walks of life.

1. As you can see, accounting can be rewarding career choice, with an excellent job outlook, above-average salary, opportunities for advancement, and the possibility of working in a variety of industries.
2. Accountants look after a wide range of financial operations and are essential for any business, whether a multinational corporation or a start-up company.
3. Fee increases are assessed annually and may exceed the indicative figures listed here.

ICAEW Contact Members

The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Students wishing to qualify for membership of Chartered Accountants Australiaand New Zealand must also enrol in BUSN3002 Auditing, In addition to BUSN3014 Principles of Taxation 12 things you need to know about financial statements Law, BUSN2101 Law of Business Entities andINFS2005 Accounting Information Systems. Our nearly 100,000 alumni include political, business, government, and academic leaders around the world. From here, the platform leverages the power of AI to automatically reconcile your transactions and prepare your full suite of financial reports, freeing you from the burden of financial admin so you can get back to what’s important – running your business.

Work Program

The Bachelor of Accounting is designed to develop your knowledge and skills in reporting, analysing and managing financial resources in business and government entities. The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative ytd financial definition of ytd fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units).

Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study. Applicants who complete a recognised secondary/senior secondary/post-secondary/tertiary sequence of study will be assessed on the basis of an equivalent selection rank that is calculated upon application. A list of commonly observed international qualifications and corresponding admission requirements can be found here.

You can try a range of courses or take a major or minor in anon-CBE subject, the choice is yours. The IFRS is a set of international accounting standards stating how certain types of transactions and other events should be reported in financial statements. They are also designed to bring consistency, transparency, and efficiency to international financial markets. Carefully developed with reference to Australian accounting principles, Thriday aims to simplify financial reporting for local small businesses. By automating the creation of financial reports, Thriday takes the guesswork and complexity out of financial statement preparation and compliance.

We encourage you to submit your completed application as early as possible to ensure it will be processed in time for your preferred term. UNSW Business School’s Career Accelerator portfolio offers students exclusive access to a suite of for-credit, co-curricular and business experience opportunities to kick start your career. By choosing this degree you’ll acquire professional accreditation and be able to build a career in accounting or financial management.

Applicants must also meet any program specific requirements that are listed below. For small business owners in Australia, understanding and adhering to accounting standards like the AASB, IFRS & GAAP can feel like a headache of acronyms and complex financial admin, but no longer! Single degreeIn a Bachelor of Accounting single degree program you will study a total of 144 units. Typically you will take 4 courses per semester (totalof 24 units) as a full time student giving you a total of 24 courses acrossyour whole degree. You will need to complete a minimum of 16 CBE courses (96units) but will also get to choose 8 courses (48 units) from other ANUColleges.