Accounting is the interpretation of records and financial information that anyone in the business world can access and understand. As such accounting is often known as the 'language' of business.
If your choose to be an accountant, you need to be meticulous with number and be able to comprehend many documents and guidelines. Whilst there may be many strategies to tackle an accounting problem, you will also need good decision-making skills that will minimise relative cost and maximise other benefits, all the while sticking to strict guidelines. Being an accountant also means that you will most likely have to work in teams or report to people in different chains of command. As such, it is important that you communicate things clearly and be able to cooperate with others.
You may also apply your skills in other non-accounting careers such as financial services, real estate, telecommunications, market research, logistics, media and advertising.
A Degree in Accounting will allow you to constantly learn and develop professional knowledge in the field and help improve systems and businesses. Furthermore, the wide range of business-related modules you have learned give you the option to change occupations anywhere in business. You may also obtain a Professional Qualification to give an assurance to your employer, especially if you intend to work internationally.
For example, a qualification from Association of Chartered Certified Accountants (ACCA) will enable you to work in any aspect of finance or management in any business. The most popular path to obtain your Professional Qualification part-time whilst working full time as a Degree holder, but you may also work towards it after your Secondary Education. Upon completion of ACCA, you will need to show evidence of 3 years of relevant working experience to a Chartered Certified Accountant. Most Accounting Degrees will give you some credits (read: exemptions from sitting certain papers) towards Professional Qualification.
With a Degree in Accounting, you will have the required knowledge and skills to enter any of these standard fields.
There are several pathways towards being an accountant after your Secondary Education. You can choose to pursue a Pre-University course, a Foundation in Business or Arts in your chosen university or a Diploma. Upon completion of any of those qualification, you will then be eligible to pursue a Degree in Accounting.
*As a rule of thumb: 'A' Level minimum 2 Cs; STPM minimum 2 Bs; Australian Pre-University minimum of ATAR 65.0; Diploma minimum CGPA of 2.0; Foundation in Business or Arts minimum CGPA of 2.5.
**As a rule of thumb: 'A' Level minimum 2 Cs; STPM minimum 2 Cs; Australian Pre-University minimum of ATAR 70.0; UEC minimum 5 Bs. All qualifications should include Mathematics and English.
The study of Finance relates to the management of money and wealth. You will learn investment and wealth creation strategies, how to allocate funds, and trade-offs between financial risk and reward.
If you choose to study Finance, you will need to have a strong foundation in Mathematics and English. You need to have good analytical skills to recognise patterns in financial reports. Although you may be looking at numbers and graphs all day, service is an essential part in your job. You will find yourself helping customers or clients, hence you must be able to empathise with their needs and express yourself well.
‘’while a Degree in Accounting is meant to cover a diverse range of business functions across many industries; a Finance Degree takes a narrower approach, preparing students for a career in corporate and international financial management, personal financial planning, and investment services’’
A Degree in Finance will direct you into entry-level positions in career tracks like commercial banking, financial planning, investment banking, money managing, insurance and real estate in private, public and non-profit organisations. You will also be able to develop your knowledge in the field by obtaining a Professional Qualification such as CFA or CIPM. The most popular path to obtain your Professional Qualification part-time whilst working full time as a Degree holder. Many business schools also offer internationally recognised Master’s Degree in Business Administration (MBA) that focuses on skills required for careers in business and management.
As a finance undergraduate, you will have developed valuable knowledge and skills for careers in banking, accounting and tax preparation. You may also apply your skills in corporate communications, human resource, logistics, management consulting, market research, real estate and telecommunications.
There are several pathways towards a Finance Degree after your Secondary Education. You can choose to pursue a Pre-University course, a Foundation in Business or Arts in your chosen university or a Diploma. Upon completion of any of those qualification, you will then be eligible to pursue a Degree in Finance. Earning a PhD in finance is an option for those who would like to pursue research and teaching.
*As a rule of thumb: ‘A’ Level minimum 2 Es; STPM minimum 2 Cs; Australian Pre-University minimum of ATAR 50.0; CPU minimum average of 65% in 6 subjects; Diploma minimum CGPA of 2.0; Foundation in Business or Arts minimum CGPA of 2.0.
International College of Management
Western Sydney Institute
Sydney College of the Arts