Opportunities for Professional Development
Professional accounting qualifications, such as the Diploma of Accounting (FNS50217) will enable participants to undertake the duties of a professional accountant. These qualifications are highly respected and many career paths are available to you, whether you want to work in an accounting role within a practice, an industry or the public sector. This career path will also make it possible for you to move into other highly paid business areas. Working within this sector will also give you an in-depth business knowledge that would be invaluable should you wish to start your own business.
Obtaining a recognised accountancy qualification will open up many career opportunities. A higher percentage of board members have an accountancy qualification than any other kind of post graduate qualification.
Employment and Salaries in Accountancy
An accountant earns an average salary of $58,907 per year. Your earning potential will increase significantly once you have completed your qualifications. If you choose to study and work in the banking and investment sector your salary is more likely to be significantly higher. Employment for accountants has risen by a rate of around 2.7% over the past 5 years and is expected to continuously grow through to 2025.
Working Life
If you work for an accounting firm, the nature of many areas of work will mean you will spend a considerable amount of time out of your office visiting your clients. For instance, if you are required to audit a large company, you could potentially spend three or four weeks working away from the office.
As a whole, accountants enjoy a decent work/life balance with fairly normal working hours. However, there are exceptions when it comes to busier times on the years such as financial quarterly and end of the financial year where the pressure will be a little more intense. If you do not work well under pressure then this may not be the career path for you. Status and earning potential are some of the great benefits of being an accountant and accounting qualifications can open career paths worldwide.
Temporary Work
If you are just starting out consider registering with a temporary staffing agency. It is highly beneficial to use a temporary staffing agency and it can help you find a variety of accounting jobs and open up doors to potential industries. You can find a wealth of temporary accounting jobs during the end of the financial year tax season. Although this will give you a look into a variety of companies, obtaining contemporary work can give you insights into different accounting jobs. This can also be a head start to full time accounting roles.
Accounting is a diverse career with virtually unlimited options. If you have the right skill set for the job you can find a way to apply them that will also suit your personal strengths and personality.