Subjects related to business, finance, accounting, management, and economics are gaining popularity worldwide due to the increasing importance of these fields in the global economy. These subjects provide students with valuable knowledge and skills in various industries and sectors. However, when it comes to Indian students studying abroad, most are still choosing to study subjects in the STEM category, including science, technology, engineering, and mathematics. This trend may be due to the perceived high demand for STEM professionals in the global job market.

Although courses in economics and management are also popular among Indian students, accounting is not as popular. This could be because different countries have different accounting policies, and studying accounting abroad may be less helpful for students. For instance, if students study accounting in one country, the accounting principles they learn may not apply to another country's accounting practices. This can make it difficult for students to apply their knowledge in different settings.

However, Australia is an exception to this trend, as it has a strong accounting industry and recognized accounting standards globally. Australia's accounting industry has a good reputation for producing well-trained professionals in high demand worldwide. Therefore, studying accounting in Australia may provide valuable skills and knowledge applicable across different countries and industries. Students studying accounting in Australia can also take advantage of the country's diverse and multicultural environment, which can give them a unique perspective on the global economy.

Accounting From Australia

Accounting is a popular course in Australia due to the high demand for accountants in the country. This demand makes accounting-related courses more acknowledged and increases their popularity. Additionally, the CPA qualification in Australia is recognized globally, making it valuable for individuals who wish to practise accounting internationally. This is particularly advantageous for students who want to study accounting in Australia and work in other countries. A Mutual Recognition Agreement signed by various accounting organizations has made it easier for individuals to qualify as CPAs in Australia and practice accounting in other countries. While there are some eligibility criteria and exams to write, a qualified accountant can become a member of CPA Australia and practice accounting in the country. It is important to note that to be eligible. A student must have a recognized bachelor's degree and meet other specified requirements.

Types of Accounting Courses

In Australia, specific courses are available for students who want to study accounting. These courses include a bachelor of arts in accounting and a bachelor of business in accounting. Similarly, there are master's programs available in accounting too.

Apart from these degree programs, certificate and diploma programs are available in accounting from TAFE Institutes in Australia. These courses provide practical training and skills to students who want to start working in accounting after completing their studies.

Students who want to become professional accountants can pursue a CPA (Certified Public Accountant) after completing a bachelor's degree in accountancy. This qualification is recognized globally and can help students build a successful career in accounting. Here are a few popular types of accounting courses in Australia:

Bachelor's Degrees in Accounting

Bachelor's degrees in accounting are undergraduate programs that usually take four years to complete. These programs provide students with a solid accounting, finance, and business foundation. In addition to the core courses, students may have the option to take electives in specialized areas such as taxation, auditing, or management accounting.

Upon completion of a Bachelor's degree in Accounting, graduates may pursue various job opportunities in the accounting and finance field. For example, they may be eligible for an entry-level accounting or financial analysis roles.

In Australia, several Bachelor's degree programs are available in Accounting, such as Bachelor of Commerce (Accounting), Bachelor of Accounting, and Bachelor of Business (Accounting). These programs are designed to equip students with the skills and knowledge required to succeed in accounting.

Master's Degrees in Accounting

Master's degrees in accounting are graduate-level programs that build on accounting fundamentals and cover more advanced topics in accounting and finance. These programs typically take 1-2 years to complete, and they provide students with an in-depth understanding of accounting principles, financial reporting, auditing, and taxation.

Master's degree programs in accounting also offer electives in specialized areas like forensic accounting, taxation, or financial analysis. Students can specialize in these areas to better understand specific accounting fields and increase their job prospects.

Graduates with a Master's degree in Accounting may pursue various roles, including management or specialized accounting. For example, they may become financial analysts, tax accountants, or forensic accountants. The advanced skills and knowledge gained from a Master's degree program in Accounting can also lead to higher salaries and more significant job opportunities.

In Australia, there are several Master's degree programs available in Accounting, such as Master of Accounting, Master of Professional Accounting, and Master of Business (Accounting). These programs are designed to provide students with a strong foundation in accounting principles and prepare them for successful careers in accounting.

Graduate Certificates and Diplomas in Accounting

Graduate certificates and diplomas in accounting are shorter and more focused programs, usually lasting between 6 and 12 months. These programs are designed for individuals who already have a degree in a different field but wish to gain skills in accounting or for individuals who want to specialize in a particular area of accounting. The courses offered in these programs cover topics such as financial accounting, management accounting, auditing, and taxation.

Graduate certificates and diplomas in accounting can be helpful for individuals who want to enhance their knowledge and skills in accounting or those who want to change careers and move into the accounting field. These programs can also benefit individuals who wish to pursue a higher degree in accounting but still need an undergraduate degree in the subject.

Some examples of graduate certificates and diplomas in Accounting offered in Australia include the Graduate Certificate in Accounting, Graduate Diploma of Accounting, and Graduate Certificate in Forensic Accounting. Universities or TAFE institutes may provide these programs, and the curriculum and course structure may vary depending on the institution.

Professional Certifications (CPA Australia, CA ANZ, etc.)

Professional certifications in accounting are additional qualifications that a person can obtain to demonstrate their expertise and knowledge in accounting. Various accounting organizations in Australia offer these certifications, including CPA Australia and Chartered Accountants Australia and New Zealand (CA ANZ). To obtain these certifications, a person must meet certain requirements, such as completing specific educational courses and gaining relevant work experience. They also need to pass exams to demonstrate their proficiency in accounting concepts and principles.

Having a professional certification in accounting can be beneficial in the job market, as it demonstrates to potential employers that the person has a high level of knowledge and expertise in the field of accounting. It may also be a requirement for certain roles in the industry. Some examples of professional certifications in accounting in Australia include Certified Practising Accountant (CPA) and Chartered Accountant (CA).

Top Universities for Accountancy in Australia

Here is a table of the top universities for accounting in Australia, along with their global ranking on academic reputation, employer reputation, research citations per paper factor.

Eligibility For Accountancy from Australia

To be eligible to study accountancy in Australia, you generally need to meet the following requirements:

Educational Qualification: You need to have completed high school or an equivalent qualification, such as a Certificate IV, Diploma or Advanced Diploma.

English Language Proficiency: You need to demonstrate proficiency in English by providing evidence of having taken and passed an English language test, such as the International English Language Testing System (IELTS) or the Test of English as a Foreign Language (TOEFL). The minimum score required may vary depending on the institution and course you are applying for.

Academic Requirements: You need to meet the academic requirements set by the institution and course you are applying for. This may involve achieving a minimum grade point average (GPA) or completing specific subjects at high school or at a tertiary level.

Visa Requirements: If you are an international student, you will need to obtain a student visa to study in Australia. This involves meeting the visa requirements set by the Australian Government, such as providing evidence of financial support, health insurance and a genuine intention to study in Australia.