What's it like to be an Accountant?
Accountants help individuals and organisations manage their finances, tax credits and obligations, and give advice on compliance and record management. Accountants may choose to specialise and become Management Accountants, Taxation Accountants, Trust Accountants, Systems Accountants, Fund Accountants or Company Accountants.
Tasks and duties
- Examine the income and expenditure of the individual or organisation.
- Create and maintain budgets.
- Prepare financial statements.
- Create accounting policies in consultation with senior stakeholders and in alignment with regulatory requirements.
- Prepare reports that articulate business compliance with regulatory requirements.
- Undertake audits, conduct financial investigations and manage insolvency.
- Provide advice about business plans, structures and accounting systems.
- Establishing bank accounts, funds and trusts.
- Manage cash flow.
- Manage investment projects.
Accountants may work in the public sector, for large or small organisations, or for individual clients. A Bachelor degree or higher is usually required to become an Accountant. Additional certification may also be needed.
Accounting is generally suited to people who are good with numbers and those who are highly organised. Because Accountants have to deal with a wide range of people, it is also important to be able to connect with others and be able to communicate clearly.
What can I earn as an Accountant?
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How to become an Accountant
- Complete a Bachelor degree in the field of accounting. This could be a Bachelor of Accounting or a Bachelor of Accounting and Finance.
- Alternatively, complete a postgraduate qualification, such as a Master of Professional Accounting. This is a two-year degree for students with previous tertiary qualifications.
- Apply to participate in a Certified Practising Accountants (CPA) program or apply to become a member of a recognised accounting institution, such as the Institute of Public Accountants (IPA) or the Institute of Chartered Accountants of Australia (ICAA).
What skills are employers looking for?
- Tax planning
- Certified chartered accountant
- Written skills
- Ms office proficiency
- Certified practicing accountant
- Team work
- Time management