Accountants analyse, report and give advice on the financial dealings of organisations and individuals, and advise on associated record-keeping and compliance requirements.
Where accountants are employed
Accountants work in many areas including sporting organisations, retail outlets, government organisations, finance companies, banks and building societies, real estate firms, taxation consultancies, community service organisations and accounting firms. They can work in partnership with other accountants or be self-employed.
Full-time accountants in South Australia generally earn more than $1,600 per week.
Employment opportunities for accountants can vary from year to year due to changes in taxation and other commercial laws, changes in the demand for financial advice and planning services, industry restructuring and the general level of activity in all sectors of business. The financial viability of firms and advances in technology may also have an effect on employment. In 2011 there were 6,206 people employed full-time as accountants in South Australia compared with 5,984 in 2006.
How to become one
You can become an accountant by commencing studies in business or commerce at vocational education level or majoring at university in accounting. At school consider doing English and maths. For information on course admission requirements and how to apply to the universities and TAFE in South Australia, visit the South Australian Tertiary Admissions Centre (SATAC).
Check South Australian Universities at The University of Adelaide, Flinders University and University of South Australia.
For information about Australian universities visit Quality Indicators for Learning and Teaching (QILT).
Licencing or registration requirements
In South Australia there are no licensing or registration requirements to practice as an accountant unless you are intending to work as a specialist, including, financial adviser, auditor, liquidator, tax agent or to set up a financial services business. Membership with a professional body is required to work as a Certified Public Accountant.
Local industry information
The accounting profession tends to be self-regulated with employers preferring to employ accountants who have undertaken industry-based professional training and or recognition. Professional body recognition or membership is often required by employers for middle to high level positions.
Recognition of accountant qualifications obtained outside Australia
Accountants that have completed their training overseas may enter Australia with a pre-migration assessment from a professional body that indicates any gap training required for employment purposes. If you do not have a pre-migration assessment, an assessment can be undertaken to determine the Australian education level.
Knowledge of the Australian Accounting Standards and Regulations is a requirement to work in the industry. It is recommended that overseas qualified accountants discuss gap training options with the relevant professional bodies or Registered Training Organisations authorised to deliver training in the industry.
For information about assessment of overseas qualifications, and looking for work in Australia visit Recognition of overseas qualifications or contact Specialist Migrant Services on 08 8303 2450 or email email@example.com.
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Career information has been sourced from government publications, see data sources
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