Persons who keep a good record of the finances owned by any company are referred to as accountants. Accountants are supposed to monitor all financial transactions which are done in the industry. A company’s financial information can only be monitored and audited by an accounting professional. It is mandatory for Australian accountants to observe the laws set forth by the accountanting organisations regarding preparation of accounting information. Consumers of financial information will be in a position to read and interpret the accounting information within a considerable period and in uniformity.
Chartered accountant is the name used to describe Australian accountants. In this case, an accountant in Australia will either belong to the chartered accountants Institute or belong to other unrecognized organisations. It is a requirement for individuals who want to be recognized as members of the accounting team in Australia to undertake an accounting course. This course takes four years to which completing the course, one graduate from a school which is approved to offer such courses on Australia. After achieving a degree, one is then required to take a tertiary course. Make sure that you have participated in the tertiary class if you want to become one of the chartered accountants successfully.
ICAA, NIC and CPA are some of the Australian accountancy organizations which are common, and one can find in Australia. There are members who exceed five hundred and fifty-five thousand who are members of the ICAA. A total of 129,000 members are associated with the CPA organization which was initially formed in the 1800’s. In the year 1923, NIA organization was born in Australia. We can talk of 22,000 members in this society. Accountants who are registered in the organization s mentioned above are very accountable and smart in their work. It is normal to respect and treat the accountants with much respects. Australian accountants are burdened with providing their clients with competent accounting information too, which is not an easy task.
Note that accountants who have enrolled and registered with these Australian organisations qualify to seek for employment and work as accountants. Doing a research on firms which are hiring is essential since it will be easier for you to get a placement. Accountancy work ought to be well rewarded, and this is the reason why you are supposed to seek employment from a high-class company which is capable of paying you a good salary. Accountants are never taken for granted in Australia. One can be sure that they will get home with good salary for working as accountants. You have no reason to shun away from accounting. One is required to be bright in mathematics to excel in accountancy course.