Bachelor of Accounting in Australia

Bachelor of Accounting in Australia

Bachelor of Accounting in Australia
Bijay Poudel

Accounting is one of the most sought-after professions in Australia. The accounting field is continuously evolving, and the demand for skilled and qualified accountants is increasing. 

A Bachelor of Accounting degree is the first step towards a successful career in accounting in Australia. This degree provides students with a solid foundation in accounting principles and practices, preparing them for various roles in accounting and finance. 

In the US, undergraduate accounting degrees usually require a four-year program. On the other hand, most other countries, including Singapore, the UK, and Australia, have a standard three-year program for their undergraduate accounting degrees. However, in Malta, students with an exceptional Bachelor of Commerce degree can complete their undergraduate accounting degree in just two years.

This article will discuss the top universities, scholarships, and courses for a Bachelor of Accounting degree in Australia.

Why study Bachelor of Accounting in Australia?

  • Australia's well-developed education system is home to some of the world's best universities offering accounting degrees. These universities offer a range of degree programs recognised globally and provide students with an excellent education and opportunities for professional development.
  • Australia has a thriving economy and a growing demand for accounting professionals. Studying accounting in Australia can give you various job opportunities in various sectors, including banking, finance, auditing, taxation, and more.
  • Accounting professionals in Australia are well-compensated for their skills and expertise. The starting salary for graduates in accounting is usually higher than in other fields, and experienced accountants can earn a lucrative salary.
  • The Australian Accounting Standards Board (AASB) and the Australian Securities and Investments Commission (ASIC) regulate the Australian accounting profession. These bodies ensure that accounting professionals in Australia adhere to the highest ethical standards and maintain their professional competence. Studying accounting in Australia can give you the knowledge and skills to obtain professional recognition and advance your career.
  • Studying accounting in Australia provides a unique opportunity to develop a global perspective. Many universities offer international exchange programs that allow students to study in other countries, gain new insights, and build a global network of contacts. This exposure to different cultures and business practices can give you an edge in the global job market.

Eligibility Criteria

  • IELTS proficiency is needed, with a minimum score of 6.5 and 6 in each section. With an IELTS score of 6.0, some colleges will approve applicants.
  • On the TOEFL-80, you must receive a minimum of 18 in speaking and listening and 20 in reading and writing.

Top Universities for Bachelor of Accounting in Australia

University

Program

Australian National University

  • Bachelor of Accounting

Macquarie University

  • Bachelor of Professional Accounting

RMIT University

  • Bachelor of Business (Professional Accountancy)

University of New South Wales

  • BA(Hons)Accounting and Finance

University of Queensland

  • Bachelor of Commerce (Accounting)

Western Sydney University

  • Bachelor of Business (Accounting)

Scholarships for Bachelor of Accounting in Australia

ANU College of Business and Economics International Undergraduate Scholarship

The ANU College of Business and Economics offers this scholarship, and it is available to international students commencing a Bachelor of Accounting program at ANU. The scholarship provides a 50% tuition fee waiver for the duration of the program.

The University of Sydney Business School International Scholarship

The University of Sydney Business School offers this scholarship. It is available to international students commencing a Bachelor of Commerce (Accounting) program at the University of Sydney. The scholarship provides a partial tuition fee waiver of up to AUD 10,000 per year for the duration of the program.

Monash International Merit Scholarship

Monash University offers this scholarship and is available to international students commencing a Bachelor of Commerce (Accounting) program at Monash University. The scholarship provides a one-time payment of AUD 10,000 towards tuition fees.

UNSW Business School International Scholarship

The UNSW Business School offers this scholarship. It is available to international students commencing a Bachelor of Commerce (Accounting) program at the University of New South Wales. The scholarship provides a one-time payment of AUD 5,000 towards tuition fees.

The University of Melbourne International Undergraduate Scholarship

The University of Melbourne offers this scholarship. It is available to international students commencing a Bachelor of Commerce (Accounting) program at the University of Melbourne. The scholarship provides a one-time payment of AUD 10,000 towards tuition fees.

Courses for Bachelor of Accounting in Australia

Financial Accounting

Financial Accounting is a core course in most Bachelor of Accounting programs. This course gives students a comprehensive understanding of financial statements, including balance sheets, income statements, and cash flow statements. Students learn to analyse financial statements and use them to make informed decisions.

Management Accounting

Management Accounting is another core course in most Bachelor of Accounting programs. This course focuses on the use of accounting information for internal decision-making purposes. Students learn to prepare budgets, analyse costs, and make strategic decisions.

Auditing

Auditing is a course that focuses on the principles and practices of auditing. Students learn how to conduct audits and evaluate internal controls. They also learn how to prepare audit reports and make recommendations for improvement.

Taxation

Taxation is a course that focuses on the principles and practices of taxation. Students learn about different types of taxes, including income tax, corporate tax, and value-added tax. They also learn how to prepare tax returns and make recommendations for tax planning.

Corporate Accounting

Corporate Accounting is a course that focuses on corporate organisations' accounting principles and practices. Students learn how to prepare financial statements for corporations, including balance sheets, income statements, and cash flow statements. They also learn about accounting for mergers and acquisitions and other complex transactions.

Job Prospects

The demand for Bachelor of Accounting graduates in Australia is high, and it offers excellent career opportunities. As an accounting graduate, you can pursue a professional career as an accountant, which involves providing financial analysis and advice to businesses and organisations in diverse industries.

Moreover, many international students leverage their skills and knowledge to establish businesses in Australia. The Australian government also provides opportunities for accounting graduates to work in government offices and contribute to the public sector.

In summary, obtaining a Bachelor of Accounting degree in Australia can lead to various exciting career paths in both the private and public sectors, offering significant growth potential and opportunities for professional development.

Job profile & Salary

Job Profile

Salary (AUD)

Accountant

$59,000

Assistant Accountant

$55,000

Chartered Accountant

$66,000

Finance Manager

$102,000

Financial Controller

$111,000

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