Accounting is one of leading Australia’s sprightly augmented professions, but there are a lot more prospective. Accountancy is the most recommended career option. The work of the accountants is very censorious to the functioning of any enterprise. Whether the accountants are working from home or engaged in an accountancy enterprise, they deliver a significant service in the monetary functioning of the business.
Besides, at some point in life, everyone requires an accountant mostly at the time of filing a tax return. If you are turning your thoughts to be an accountant, then we must say that you have selected the perfect and right career recourse.
What does an Accountant execute?
Accountants impart accounting assistance to enterprises and specific individuals. Their services mostly gyrate around financial and taxation matters. The Accountants are accountable for a vast range of pecuniary operations of the business. Their daily task includes proper involvement of the record-keeping and corroborating compliance with all other financial regulations and legislation.
How much an Accountant does earn?
In Australia, it is seen that the Accountants earn an average remuneration of $90,000.The minimum average remuneration falls below under $80,000 whereas the maximum ranges to $ 1,00,000.The top industries don’t count on that but the following job role pays a very good remuneration.
The career choice is good and the recession is very limited. As per the rise of the job employment market, significantly a rise is observed in the continuous increase in roles about an estimate of 16% between the years 2015 to 2020.
What expertise is required for being an Accountant?
An extensive range of skills is required for carrying out the day-to-day task or job role of the Accountant.
Good and Proficient Communication Skills
To pursue a successful career in accounting proficient communication skills are mandatory. This is required as while doing the work in the enterprise you would be communicating with the clients, teams, third parties, and rarely sometimes the government enterprises.
Proper Presentation Skills
One of the primary things for being an accountant is that you need to be proficient in Microsoft Excel. Most of the accountant roles require specific types of programs on financial analysis, some databases, and lastly Microsoft Excel. All of this will enable you to properly understand the information and data interlinking types and the foundation of the proper understanding of the formulas.
In Addition to this, your daily job role will be included to present the reports of financial data to your reporting heads or superiors. On contrary to this Powerpoint will also be of great use.
Critical Analysis and Problem Solving Skills
You should be proficient in this being an accountant if you want to chase your growth and promotion in your organization. If you are solving the issues of your business with the help of your accounting skills you will be enabled to move up.
Trustworthy and discrete
When you would become an accountant you will get involved in dealing with many confidential details of your organization. You are trusted by your enterprises and it would be your utmost responsibility to keep those data and information’s secure.
Proper Teamwork
You should always get along with your colleagues and co-workers and not commit any kind of issue. This would enable you to prevail longer in your role.
Qualifications to be an Accountant
Three professional bodies in Australia monitor the accounting sectors. They are The CPA Australia, The Institute of Charted Accountants of Australia, and The Institute of Public Accountants.
For entry into these institutes, you need to get a Bachelor’s Degree in Accounting or similar to that by keeping Accounting as the Majors Subject.