Study Accounting in Canberra - A complete Guide

Ever thought of studying accounting in Canberra? If yes, there is somewhat important for you. Frequent streams help readers aware of the potential ones they were missing.

Every international student aspires to study in Canberra owing to its top universities, world-class education, incredible nature, lower living expenses, tuition costs, and vibrant cities. The best universities and institutes provide 1.5 to 2 years of Masters in Business Accounting, Masters of Accounting, Masters of Management in Accounting, and Masters of Professional Accounting. According to the top 100 list of the Global ranking, 6 universities are in Australia offer Masters in Accounting.

Different Certainties about Study Accounting in Canberra and its Status

WHAT IS ACCOUNTING?
Accounting is the language of business. It can be measured as a report card of the firm to help in deriving the overall performance of the company. Through businesses, accounting does the financial analysis required for decision-making and future planning. It's a combination of recording, analyzing, summarising, interpreting, and communicating the financial data of a business. In certainty, an accounting study helps you to be efficient in solving difficulties and if you are fascinated with numbers, you can simply choose to account as your career.

TYPES OF ACCOUNTING COURSES AVAILABLE IN CANBERRA
Australian education system offers various types of specialized Accounting Courses in Australia for different fields. Major study choices that students typically select for accounting are:
•    Qualification in Accounting – It’s a six-month course
•    Bachelors of Commerce – It’s a 3 years course in which you can choose the preferred specialty within your stream.
•    Graduate Certificate in Professional accounting – For this, you need a bachelor’s degree or five years of skilled experience.
•    Master of Commerce – It’s a regular course of 1 year for which you require a bachelor’s degree in Commerce.

MASTER’S IN ACCOUNTING
The stream is the only common position required in every type of business. The request for accountants is high in the marketplace and if you have a Master's degree in accounting, it would be an added benefit for you in making your career grow fast and increase your chances of getting new chances.
In Australia, it is estimated that in the coming few years’ approximately 84000 new job openings will arise at the rate of 16000 jobs per year which is much better than in previous years. There are some complexities in work that Artificial Intelligence cannot recognize. This is based on human-like on-time decision making and synchronizing the work as per the requirement that cannot be done through AI and Machine Learning (ML). From a wider perspective, a Master's in Accounting opens many paths that bring you to greater heights.

COST OF ACCOMPLISHMENT OF A MASTER’S DEGREE IN CANBERRA
The average cost of completing studies in Canberra is AU $30000 a year which is usually low as compared to other countries but it also differs according to the selection of course and institution. In Canberra, the standard of living is high and the living cost is also reasonable. Their education system is more established on practical knowledge somewhat than the theoretical one. It is the most liveable country with first-class work-relevant education that is offered cost-effectively. They provide a dynamic and student-centered learning environment that fosters ration thought and their core values of excellence, diversity, stability, and integrity show that how good they are in providing world-class education.

ROLES AND RESPONSIBILITIES OF ACCOUNTANT
There are various responsibilities and roles of an accountant in which the major ones are:
•    Budgeting and Financial reporting
•    Cost management
•    Financial planning
•    Handling insolvency matters
•    Auditing
•    Oversight of accounting information system
•    Handling taxation issues

Accountants are also responsible for advising an organization on how they should meet financial goals and fulfill the government statutory requirements. They also help organizations in reducing expenses and increasing revenues. An accountant has to prepare a firm's financial statement, analyze operating cost income and expenditure, maintain accuracy in financial reports, carry out audits and provide financial guidance.
You would be happy in knowing that the estimated job openings for accountants in the coming five years are 85,000 at the rate of 16,800 jobs per year. After the conclusion of a bachelor’s degree, people can apply for a Master's in Accounting.