Accounts Department is one of the integral and most important parts of any organization. Be it small or large business, accounting is what needs to be taken care of; and this is done by people who are experts in handling numbers relating to purchases, expenditure, and much more - and these people are known as accountants.
Accountants play a vital role in preparing and predicting the finances of any organization. In many cases, people involved in accounting & finance departments also take vital decisions of company investments, etc.
In short, accounting and finance form the core of any business and includes financial statements, balance sheets, income statements and cash flow statement, etc. These financial reports help the board members and shareholders determine the financial health of the company.
This is one of the prime reasons that studies in accounting and finance are extremely important and students take up different courses in this field, depending upon their qualification, interest and budget.
Qualification levels that one can attain in the field of Accounting and Finance are:
Here are some core subjects one can take up in the field of Accounting and Finance:
SMIPA is a professional year program approved by the Department of Immigration and Border Protection and developed by the three professional accounting bodies in Australia - CPA Australia, Chartered Accountants ANZ and the Institute of Public Accountants.
The reason for the development of this course is to provide a solution to the limited number of skilled professionals in Australia and increase the number of employable international students by increasing their expertise and skill-set and giving them the opportunity to obtain field training.
It is a 44-week course which includes 32 weeks of coursework and 12 weeks of internship.
One of the top benefits of completing a Professional Year Program is that the graduate is eligible to receive five (5) extra points on the Department of Immigration and Border Protection (DIBP) 'points test' when applying for a Skilled Independent (subclass 189) visa.
Because of increased demand for accounting graduates and as with other sectors of accountancy, these occupations are listed consistently in the Medium and Long-term Strategic Skills List (MLTSSL) and Combined List of Eligible Skilled Occupations.
As mentioned above, a PY graduate is eligible to receive five (5) extra points on the Department of Immigration and Border Protection (DIBP) 'points test' when applying for a Skilled Independent (subclass 189) visa.