Accounting

Accounting is the process of recording, summarizing, and analyzing financial transactions to provide information that is used to make business decisions. It involves the measurement and communication of financial information, such as income statements and balance sheets, to stakeholders. Accounting is essential for businesses to manage their finances effectively and ensure compliance with laws and regulations. A career in accounting can offer a wide range of opportunities in various industries.

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1. QS World University Rankings by Subject 2025: Accounting

Australian universities are highly regarded for their quality of education in Accounting, as reflected in the QS World University Rankings by Subject 2025. UNSW Sydney and The University of Melbourne are the top-ranked Australian institutions in this field, followed by The University of Sydney and Monash University. These rankings highlight the strong reputation, research excellence, and high-quality programs in Accounting across Australian universities, making them attractive choices for students pursuing careers in the field.

Rank	Australian University
22	UNSW Sydney
27	The University of Melbourne
29	The University of Sydney
41	Monash University
43	Australian National University
68	The University of Queensland
101-150	University of Technology Sydney

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2. Admissions Guide for Accounting in Australia

This diagram provides a brief guide to the admission process for high school and university graduates who wish to study Accounting in Australia.

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3. Entry Requirements for Accounting studies in Australia

The table below outlines the minimum entry requirements for international students who are interested in pursuing studies in Accounting in Australia. Entry requirements are categorized into academic and English language requirements. For detailed admission requirements, please consult with an Australian Study Abroad Counselor (QEAC).

Note: These requirements may vary depending on the institution.

Qualification	Duration	IELTS	Academic Requirement
Bachelor's degree	3 years	6.0 (no band less than 5.5)	High school diploma
Master's degree	2 years	6.5 (no band less than 6.0)	Bachelor's degree

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4. Structure of Accounting Courses in Australia

The following table provides an overview of the structure of an Accounting course for international students in Australia. It outlines the key components of the course and briefly describes what each component covers. This information can be useful for students who are interested in pursuing a career in accounting and want to gain a better understanding of the different areas of knowledge and skills that they will acquire through the course.

Note: The components and course structure may vary depending on the institution and specific course.

Component	Description
Core subjects	Introduces students to foundational accounting concepts, principles and practices, including financial reporting, auditing, management accounting, and taxation.
Elective subjects	Allows students to tailor their studies to their interests and career goals. Elective subjects cover areas such as corporate accounting, sustainability accounting, forensic accounting, and accounting information systems.
Professional skills development	Equips students with practical skills necessary for a career in accounting, such as communication, critical thinking, problem solving, and teamwork.
Industry placement	Provides students with the opportunity to gain practical experience in a real-world accounting environment.
Capstone project	Allows students to apply their knowledge and skills to a real-world accounting problem, usually in the form of a research project or case study.

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5. CPA Australia Accredited Schools for Accounting Programs

CPA Australia maintains a list of accredited accounting programs offered by various institutions across different states and territories in Australia. The accreditation process ensures that the programs meet the required standards for accounting education and training in Australia. Prospective accounting students or accountants seeking to practice in Australia should consult this list to ensure they enroll in an accredited program.

State/Territory	Institution
NSW	The University of Sydney UNSW Sydney University of Technology Sydney Western Sydney University Macquarie University Charles Sturt University Torrens University Australia Australian Catholic University University of Newcastle University of New England Asia Pacific International College (APIC) King's Own Institute Kaplan Business School University of Wollongong Holmes Institute AIH Higher Education TAFE NSW
VIC	The University of Melbourne Monash University Swinburne University of Technology Deakin University RMIT University Victoria University La Trobe University Holmesglen Institute Chisholm Institute Box Hill Institute Melbourne Polytechnic
QLD	University of Queensland Griffith University Queensland University of Technology James Cook University University of the Sunshine Coast University of Southern Queensland Southern Cross University Central Queensland University Bond University
SA	University of Adelaide Flinders University University of South Australia
ACT	University of Canberra
NT	​Charles Darwin University
WA	​The University of Western Australia Edith Cowan University Curtin University
TAS	University of Tasmania

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6. Hierarchy of Accounting Positions and Descriptions

The table outlines the positions in the accounting hierarchy in Australia, from Accounting Assistant to Chief Financial Officer (CFO). Responsibilities and required skills increase with each position, with higher positions requiring experience in managing a team, overseeing financial strategy and risk management, and providing advanced financial advice and analysis

Note that the positions and descriptions may vary depending on the accounting institution or organization.

Position	Description
Accounting Assistant	Provides basic support to accounting department.
Accounts Payable Clerk	Maintains records of all transactions that involve money.
Accounts Receivable Clerk	Manages and records incoming payments.
Bookkeeper	Keeps accurate records of all financial transactions.
Accountant	Prepares and examines financial records and statements.
Financial Analyst	Analyzes financial data and creates financial models.
Senior Accountant	Supervises accounting staff and handles complex accounts.
Controller	Manages the accounting department and oversees financial reporting.
Chief Financial Officer (CFO)	Oversees the financial strategy and risk management of the organization.

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7. Registration and Career Information for Accounting in Australia

The table below shows the process and future directions for becoming an accountant in Australia. Additionally, it provides information on the employment size, future job growth rate, average salary, employee percentage, female employment rate, and the average age of the accounting profession in Australia.

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Occupation	Accountants (ANZSCO ID 2211)
Job Type	Professionals
Skill Level	Very high skill
Unemployment Rate	Average

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Employed	206,600
Future Growth	9.2%
Weekly Earnings	A$1,756
Full - Time Share	80%
Female Share	52%
Average Age	38

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8. Immigrating to Australia through Accounting

The diagram below provides an overview of the general process for immigrating to Australia through the Australian Accounting Program, including available visa options and Accounting occupation information.

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Skilled Independent visa (Subclass 189)	Skilled Nominated visa (Subclass 190)	Skilled Work Regional (Provisional) visa (Subclass 491)	Temporary Skill Shortage visa (Subclass 482)	Skilled Employer Sponsored Regional (Provisional) visa (Subclass 494)
​O	​O	​O	​O	​O

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Occupation	ANZSCO	List	Visa	Accessing Authority
Accountant (General)	221111	MLTSSL	Subclass 186 Subclass 189 Subclass 190 Subclass 482 Subclass 187 Subclass 491 Subclass 494	CAANZ CPAA IPA
External Auditor	221213	MLTSSL	Subclass 186 Subclass 189 Subclass 190 Subclass 482 Subclass 187 Subclass 491 Subclass 494	CAANZ CPAA IPA
Management Accountant	221112	MLTSSL	Subclass 186 Subclass 189 Subclass 190 Subclass 482 Subclass 187 Subclass 491 Subclass 494	CAANZ CPAA IPA
Taxation Accountant	221113	MLTSSL	Subclass 186 Subclass 189 Subclass 190 Subclass 482 Subclass 187 Subclass 491 Subclass 494	CAANZ CPAA IPA
Finance Manager	132211	STSOL	Subclass 190 Subclass 482 (Short Term) Subclass 187 Subclass 491 Subclass 494	CAANZ CPAA IPA