Accounting & Finance
Overview
📊 Kickstart Your Career in Accounting with LUMINS
Accounting is one of the most integral and important parts of any organization. Whether it’s managing financial records, budgeting, or analyzing market trends, accountants are key to maintaining an organization’s financial health. 🌟
💼 Why Study Accounting in Australia?
Australia offers a range of excellent accounting programs that can help you gain the necessary skills to succeed in the industry. Here’s why accounting is a popular career choice for international students:
- 📈 High demand for qualified accountants
- 🌍 Wide variety of career opportunities in various industries
- 📈 A growth-oriented and lucrative career path
- 💰 High earning potential
- 🛂 Excellent PR pathway options for skilled accountants
🎓 Accounting Programs Available
Australia offers a variety of educational levels for students pursuing a career in accounting:
- 📝 Certificate III in Accounting
- 📝 Certificate IV in Accounting
- 🎓 Advanced Diploma of Accounting
- 🎓 Bachelor’s Degree in Accounting
- 🎓 Master’s Degree in Accounting
🔧 Skills Required for a Successful Accounting Career
A successful accounting career requires the right skills and mindset. These are the key skills that employers look for in accountants:
- 🔢 Interest and comfort with numbers
- 💪 Strong perseverance and focus
- 🧮 Computation-savvy
- 🔍 Keen attention to detail
💼 Why Choose Accounting as Your Career Path?
If the thought of job stability and potential growth in the accounting field excites you, studying in Australia can help you acquire all the professional skills you need to become a qualified accountant. Whether you’re managing finances for a corporation or offering tax consulting services, accounting offers diverse career paths and opportunities for advancement. 🌟
🎓 Course Offered in Accounting
- 📝 Diploma of Accounting
- 🎓 Bachelor of Accounting
- 📜 Graduate Diploma in Accounting
- 📜 Graduate Certificate in Accounting
- 🎓 Associate Degree of Accounting
- 📝 Advanced Diploma of Accounting
- 📝 Certificate III in Accounting
- 📝 Certificate IV in Accounting
- 🎓 Master of Professional Accounting
📘 Core Subjects in Accounting & Finance
These are some of the key subjects you can study in the field of Accounting & Finance:
- 💼 Accounting
- 📊 Financial Management
- 📑 Audit and Assurance
- 💰 Taxation
- 📉 Management Accounting
- 📚 Economics
- 💼 Financial Accounting and Reporting
🏆 Professional Year Program – Accounting (SMIPA)
The SMIPA (Skilled Migration Internship Program for Accountants) is a professional year program approved by the Department of Immigration and Border Protection. It’s designed to help international graduates improve their professional skills while gaining valuable Australian work experience.
Program Overview
- 📅 Duration: 44-week program
- 📝 32 weeks of coursework and 12 weeks of internship
The program is developed by three professional accounting bodies in Australia – CPA Australia, Chartered Accountants ANZ, and the Institute of Public Accountants. It aims to increase employability and provide necessary field training for international students.
Top Benefit: Immigration Points
A significant benefit of completing the SMIPA program is that graduates are eligible to receive an additional 5 points on the Department of Immigration and Border Protection’s points test when applying for a Skilled Independent (subclass 189) visa. 🛂
🌏 Eligibility Criteria for Australian Student Visa
Before applying for a student visa to study in Australia, students must meet the following eligibility requirements:
- 🛂 A valid passport
- 📝 Offer Letter from the selected university or institution
- 📜 English Language Proficiency:
- IELTS: Minimum overall score of 6.5 with no score lower than 6.0 in each component
- PTE Academic: Minimum score of 58 with no score lower than 50 in each component
- 💰 Sufficient funds for the duration of your course of study
- 🌍 Evidence of Overseas Students Health Cover (OSHC)
- 📝 All other relevant documents as required by the Department of Home Affairs
Please note, eligibility requirements may vary depending on the profile of the applicant.
🔑 Pathway to Australian Permanent Residency
With increased demand for accounting professionals, these occupations are consistently listed on Australia’s Medium and Long-term Strategic Skills List (MLTSSL) and the Combined List of Eligible Skilled Occupations.
Graduates of the Professional Year Program (PY) are eligible for an additional 5 points on the Department of Immigration and Border Protection (DIBP) ‘points test’ when applying for the Skilled Independent (subclass 189) visa. This makes accounting one of the most rewarding pathways for international students looking to secure Permanent Residency (PR) in Australia.
Ready to start your journey toward a successful accounting career in Australia? Apply today and take the first step towards a prosperous future! 🚀
💼 ANZSCO Code: 221111 - 221113 – Accountants
🔍 What Do Accountants Do?
Accountants provide essential services related to financial reporting, taxation, auditing, insolvency, accounting information systems, budgeting, and cost management. Their expertise helps organizations and individuals in key areas such as:
- 📊 Financial reporting and taxation
- 📝 Auditing and insolvency services
- 💡 Budgeting, cost management, and planning
- 📉 Risk management, financial forecasting, and asset valuation
- 💼 Advising on financial performance and strategic governance
- 💼 Taxation services, including dispute resolution and filing returns
📝 Key Tasks Include:
- Assisting in formulating budgetary and accounting policies
- Preparing financial statements for boards, management, and statutory bodies
- Conducting audits and preparing reports on matters like mergers, capital financing, and fraud
- Providing advice on business structures, taxation, and compliance
- Implementing and maintaining accounting systems
- Appraising cash flow and financial risk for investment projects
🛣️ Visa Options for Immigration (Per MLTSSL)
Accountants in Australia can explore several visa options for immigration under the Medium and Long-term Strategic Skills List (MLTSSL). These include:
- 186 – Employer Nomination Scheme visa (subclass 186)
- 189 – Skilled Independent (subclass 189) – Points-Tested
- 190 – Skilled Nominated (subclass 190)
- 407 – Training visa (subclass 407)
- 485 – Temporary Graduate (subclass 485) – Graduate Work
- 489 – Skilled Regional (Provisional) visa (subclass 489) – Family nominated
- 489 – Skilled Regional (Provisional) visa (subclass 489) – State or Territory nominated
- 482 – Temporary Skill Shortage (subclass 482) – Medium Term Stream
- 187 – Regional Sponsored Migration Scheme (subclass 187)
👔 Occupations Include
- 221111 – Accountant (General)
- 221112 – Management Accountant
- 221113 – Taxation Accountant
🧑💼 Specializations Include
- Financial Analyst
- Insolvency Consultant
- Insolvency Practitioner
- Carbon Accountant
- Commercial Accountant
- Product Accountant
These roles offer diverse career paths, from general accounting to specialized fields such as insolvency and carbon accounting, providing numerous opportunities for growth and expertise in various sectors. 🌍
