subject: Advanced Diploma of Accounting [print this page] Advanced Diploma of Accounting Advanced Diploma of Accounting
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Description
This qualification is from the Financial Services Training Package and is designed to reflect the role of employees working in accounting and seeking professional identification. Participants seeking professional identification and registration will need to ensure the choice of competencies cover current taxation registration requirements.
Subjects
Industry core units: Communicate in the workplace; Use technology in the workplace; Apply health and safety practices in the workplace; Apply principles of professional practice to work in the financial services industry. Prerequisite: Prepare income tax returns; Manage budgets and forecasts; Prepare financial reports for a reporting entity; Implement and maintain internal control procedures; Provide management accounting information; Sectoral core: Monitor corporate governance activities. Plus electives.
Entry Requirements
Year 12 or equivalent
Related Job Outcomes
Accountant
This occupation may include associated occupations with varying tasks.
assisting in formulating budgetary and accounting policies
preparing financial statements for presentation to boards of directors, management, shareholders, and governing and statutory bodies
conducting financial investigations, preparing reports, undertaking audits and advising on matters such as the purchase and sale of businesses, mergers, capital financing, suspected fraud, insolvency and taxation
examining operating costs and organisations' income and expenditure
providing assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements
providing financial and taxation advice on business structures, plans and operations
preparing taxation returns for individuals and organisations
liaising with financial institutions and brokers to establish funds management arrangements
introducing and maintaining accounting systems, and advising on the selection and application of computer-based accounting systems
maintaining internal control systems
may appraise cash flow and financial risk of capital investment projects
Job prospects for Accountants are good.
Employment for Accountants to 2014-15 is expected to grow very strongly. Employment in this very large occupation (169 300 in November 2009) rose strongly in the past five years, and in the long-term (ten years).
Accountants have an above average proportion of full-time jobs (83.1 per cent). For Accountants working full-time, average weekly hours are 41.3 (compared to 41.3 for all occupations) and earnings are high - in the ninth decile. Unemployment for Accountants is average.
Accountants are employed across several industries including: Professional, Scientific and Technical Services; Financial and Insurance Services; Manufacturing; and Public Administration and Safety.
The (internet) vacancy level for Accountants is very high. The proportion of workers leaving the occupation (and needing to be replaced) is 9.7 per cent (annually) compared to the average for all occupations of 13.1 per cent.
The mix of industries employing Accountants is favourable for employment growth prospects.
