Accountant

Analyse, report and give advice on the financial dealings of a company or client to maximise economic efficiency and profitability.

Accountant

Accountant

Roles and responsibilities

Accountants:

  • assist in the formulation of budgetary and accounting policies
  • prepare financial statements for presentation to boards of directors, management, shareholders and statutory bodies
  • conduct financial investigations
  • undertake audits
  • prepare reports
  • advise on the purchase and sale of businesses, mergers, financing, suspected fraud, insolvency and taxation
  • examine operating costs and income and expenditure of institutions
  • provide assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements
  • provide financial and taxation advice on business structures, plans and operations
  • liaise with bankers and brokers to establish funds management arrangements
  • advise on the selection and application of computer-based accounting systems
  • appraise cash flow and financial risk of investment projects

Accountants work in diverse environments including:

  • accounting firms
  • sporting organisations
  • retail outlets
  • government organisations
  • finance companies
  • banks and building societies
  • real estate firms
  • taxation consultancies
  • community service organisations

They can work in partnership with other accountants or be self-employed.

Employment opportunities for accountants can vary from year-to-year for many reasons, such as changes in taxation and other commercial laws, changes in the demand for financial advice and planning services, industry restructuring and the general level of activity in all sectors of business. The financial viability of firms and advances in technology also have an effect on employment.

Source: myFuture

Accountants:

  • assist in the formulation of budgetary and accounting policies
  • prepare financial statements for presentation to boards of directors, management, shareholders and statutory bodies
  • conduct financial investigations
  • undertake audits
  • prepare reports
  • advise on the purchase and sale of businesses, mergers, financing, suspected fraud, insolvency and taxation
  • examine operating costs and income and expenditure of institutions
  • provide assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements
  • provide financial and taxation advice on business structures, plans and operations
  • liaise with bankers and brokers to establish funds management arrangements
  • advise on the selection and application of computer-based accounting systems
  • appraise cash flow and financial risk of investment projects

Accountants work in diverse environments including:

  • accounting firms
  • sporting organisations
  • retail outlets
  • government organisations
  • finance companies
  • banks and building societies
  • real estate firms
  • taxation consultancies
  • community service organisations

They can work in partnership with other accountants or be self-employed.

Employment opportunities for accountants can vary from year-to-year for many reasons, such as changes in taxation and other commercial laws, changes in the demand for financial advice and planning services, industry restructuring and the general level of activity in all sectors of business. The financial viability of firms and advances in technology also have an effect on employment.

Source: myFuture

Postgraduate Courses To Become

Accountant

Course work courses to pursue this career
Postgraduate study is not necessarily required for this occupation, but may be helpful for career advancement.

Professional requirements

Graduates may qualify for entry to the Institute of Chartered Accountants in Australia (ICAA), CPA Australia and the Institute of Public Accountants (IPA). Eligibility for membership varies and may require work experience and/or further study.

If you have completed an undergraduate course in an area other than accounting, the following postgraduate courses allow you to develop knowledge and skills in accounting in preparation for professional accreditation.