A new guide has revealed the best accounting courses for everyone from junior accountant to senior accountant.
The guide, by the accounting industry association, says there are three key aspects of accounting.
The first is “accuracy”.
“The second is the value proposition,” it says.
“And the third is the learning curve.”
“The key to any career as a professional accountant is the ability to accurately deliver value and to achieve high results.”
The ACCC’s report said a junior accountant can achieve high-quality results as a result of “effective” training and the “value proposition” of a career as an accountant.
“As you move up the ranks of the professional accounting industry, you will be expected to demonstrate that your knowledge of the business processes and accounting principles you use are appropriate for your role and your responsibilities,” the ACCC said.
“This includes providing accurate results and accurate financial statements, and reporting them accurately and effectively.”‘
A high-value profession’The ACCc also said there were some courses that were “not for everyone”, such as a “higher level” accounting course, which “requires a strong understanding of the financial accounting methodologies, methods and assumptions that underpin your analysis of your client’s financial statements”.
“This means that you will need to work on a range of subjects such as capitalisation, the management of the accounting assets, the use of accounting software and related systems and the use and evaluation of the underlying financial statements,” the report said.
The ACC’s report recommends that “a high-end, high-impact” degree is needed to achieve “good results in a high-pressure environment”.
“Accounting as a profession requires you to have an understanding of your job and the work that you do, and how you use your skills to achieve the goals you set,” the guide says.
It also said it was important that students “receive a high quality education to ensure they have the skills and confidence to deliver quality results”.
“A high level of professionalism and respect for professional standards is essential,” it said.’
Accurate’ and ‘good’It said students should be prepared to “toughen up and get up to speed”, as well as “understand how the accounting profession works, and be prepared for the challenges”.
“For this, students should receive an accounting degree or equivalent in a recognised accounting discipline,” it added.
“If you are planning to enter the accounting field as an independent contractor, or work as an employee in the finance, insurance, construction or retail industries, you should also have a high level in this area.”
The report also recommended “a good understanding of accounting principles”, “effective accounting practice”, “proper professional manner” and “the need for an understanding and appreciation of the economic, legal, social and political aspects of the profession”.
The ACCs report was released just before the OECD released its “Best Practice in Accounting” report, which highlighted some of the key areas for improvement.
The OECD said in its report that the profession was undergoing a “change of pace”.
“Many companies are trying to make accounting as accessible and relevant as they can, while also ensuring that their processes are aligned with those of the world’s financial centres,” the OECD said.
Topics:business-economics-and-finance,business-group,accountancy-and_finance-andreconciling,accreditation,business,government-and.governance,education,education-industry,accountability-and/or-regulation,business/organisations,government—public-sector,act,canberra-2600,act—state-issues,parliament,australia,south-austraia,act-as-a-state,nsw,newcastle-2300First posted October 14, 2018 14:39:59Contact Anna SmithMore stories from Australia