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  5. Five Reasons Why You Should Study an Accounting Course

 

 

In this post
  • What is accounting?
  • What are the different types of accounting courses?
  • Why should you study an accounting course?
  • Browse Results
Published on April 13, 2023

Five Reasons Why You Should Study an Accounting Course

Avatar photo Kristen Michaelides
Five Reasons Why You Should Study an Accounting Course
In this post Show
  • What is accounting?
  • What are the different types of accounting courses?
  • Why should you study an accounting course?
  • Browse Results

Are you a numbers guru who’s looking for a stable career you can always develop and grow?

An accounting course provides many benefits both personally and professionally. It develops important skills that can be used in all areas of life and opens doors to different employment opportunities. In this blog, we’re giving you the top five reasons why you should study an accounting course.

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What is accounting?

In simple terms, accounting is recording, summarising, and analysing financial records to provide useful financial information. This can include preparing financial statements, analysing budgets, and monitoring cash flow.

Accountants also manage the finances of businesses so they can make informed decisions based on accurate information. They help businesses plan for the future, manage risks, and achieve their financial goals. That’s why accounting is a critical function for any and every organisation.

How long is an accounting course?

The length of an accounting course varies depending on where you study and what type of course you’re completing. You can expect to finish a Certificate IV in Accounting & Bookkeeping or a Diploma of Accounting within 12-18 months’ time. However, if you’re studying a higher education course like a Bachelor of Accounting, this usually takes 3 years to complete.

You can also consider becoming a Certified Public Accountant (CPA) or a Chartered Accountant (CA) to build your expertise and influence. Gaining these credentials requires extensive training and work experience, as well as a challenging final exam. This training takes time and patience, but it will lead to more career opportunities and help you rise above the competition.

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

Certificate IV in Accounting & Bookkeeping or a short course teaches you the basic knowledge and skills you need to start a career in the industry. This is a short, beginner course that typically takes 12 months to complete.

This course covers subjects like cash flow statements, income statements, taxation, and accounting software like Xero and MYOB. You’ll also learn how to perform routine financial calculations, prepare financial reports, and maintain accounting records.

This course is a great starting point for anyone new to accounting who wants to learn basic accounting principles.

 

Accounting jobs you can do with this course:

  • Accounts clerk
  • Payroll officer
  • Bookkeeper
  • Accounts payable officer
  • Accounts receivable officer

 

Diploma of Accounting

The Diploma of Accounting is a more comprehensive course that builds on the knowledge gained from Certificate IV in Accounting & Bookkeeping. The course typically takes 12-18 months to complete and covers more advanced topics such as financial management, budgeting, forecasts, and auditing.

In this course, you’ll learn how to manage the financial operations of a business, manage budgets, and analyse financial performance. If you’re looking to advance your career in accounting or bookkeeping, this is a great middle-level course.

 

Accounting jobs you can do with this course:

  • Taxation officer
  • Budget officer
  • Management accountant
  • Financial analyst
  • Accountant

 

Bachelor of Accounting

A Bachelor of Accounting is a 3-year bachelor’s degree that provides a comprehensive understanding of accounting theory and practice. This accounting degree covers subjects such as financial accounting, management accounting, taxation, and auditing.

Learn how to analyse financial information, develop financial plans, and provide advice to businesses and individuals. In addition to these subjects, you’ll also develop your communication, problem-solving, and strategic skills.

Another popular accounting bachelor is a Bachelor of Business majoring in accounting or finance which covers very similar topics. These extensive accounting courses are perfect for anyone who’s interested in becoming a chartered accountant or a certified public accountant.

 

Accounting jobs you can do with this course:

  • Chartered accountant
  • Financial controller
  • Auditor
  • Tax consultant
  • Forensic accountant

 

All of these courses have flexible study options so you can learn on campus or through online study. You can also study either part-time or full-time depending on how you can fit your study into your schedule.

If you’ve already completed an accounting course and you’re looking to upskill, you might be eligible for pior learning. This means that you can finish your course faster given you’ve already acquired some of the units you need.

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Why should you study an accounting course?

It’s easy to think about studying a course, but when it’s time to commit, the doubt starts to creep in. Is it going to be worth it? Do I have time for this? Can I afford it. If you’ve been thinking about studying for a while, here are five reasons why you should study accounting.

 

Job opportunities

Becoming an accountant allows you to work in basically any industry. Accounting is a crucial function of all businesses and therefore isn’t confined to any particular industry. There are many different accounting jobs you can pursue post-study. These include becoming a tax accountant, financial analyst, internal auditor, payroll clerk, and accounts payable and receivable.

 

Career growth

An accounting course is an invaluable asset that helps you climb the corporate ladder. You can advance into managerial accounting positions with the right skills and experience. These include becoming a senior accountant, accounting manager, or director of finance. Accounting skills are also highly transferrable which means you can work anywhere in the world, especially if you’re a chartered accountant.

 

High earning potential

Accounting is a well-paid profession, and doing an accounting course can increase your earning potential. Your earning potential as an accountant has no limit as you can continue studying as much as you want. As you gain more experience and climb the career ladder, your salary will increase significantly.

 

Transferable skills

Accounting courses teach you transferable skills that are valuable in any industry, including critical thinking, problem-solving, communication, and financial aptitude. These skills can be used in different types of accounting work which makes you a versatile candidate in the job market. These skills will also important role if you’re interested in opening your own business.

 

Job security

The demand for accountants is always high. Accounting is a necessary function in any business or organisation, and as such, people are always looking for highly skilled accountants. This makes having an accounting course invaluable and provides you with unlimited job security. The accounting industry is also in a period of strong growth with a 9.2% increase in accounting jobs expected by 2026.

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Accounting is one of the most in-demand in the Australian market, and that’s not going to change anytime soon. With accounting jobs growing strongly over the next few years, now is a great time to get ahead of the curve. Enquire about an accounting course today and kickstart your journey to a successful and rewarding career in accounting and finance.

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Kristen Michaelides
Kristen Michaelides

Kristen is a writer specialising in education and the future of work. She is passionate about bringing industry trends and insights to light to help students and professionals take that next step in their career.

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