Are you thinking of pursuing a diploma in accounting and wondering about the career options? If you feel like we just read your thoughts then hold on, the good news is yet to come. Stay reading this post, and we will help you clear your dilemmas and conundrum regarding accounting diploma. Whether you are ardent towards working with numbers/figures or a stable career in accounting via a petite path, diploma of accounting is an answer you are seeking for.
Diploma of accounting acquaints you with numbers and provides you with a solid foundation of accounting. Whether you want to jump into a career or proceed with your accounting study to a higher level, this diploma is felicitous for both. Diploma of Accounting is meant to take your accounting career further in the Financial Services Sector. You can complete a Diploma of Accounting in 12 months, a surprisingly small-time frame given its fruitful results.
Upon graduation, you would have adequate knowledge of managing and forecasting budgets; you would know how to prepare the business/corporate reports, numbers, and tax documentation. Above all, you would have the capability to analyze and even solve complex problems. Accounting creates a global prospect. Furthermore, accounting’s scope and field are surging day by day, giving birth to unlimited possibilities.
However, many people lack information regarding the career options that open up for you after an accounting diploma. Pouring some light in the subject, here are seven acknowledged careers you can have after diploma of accounting.
- Bookkeeper
- Payroll officers
- Assistant Accountant / Accountant
- Account clerks
- Budget Officer
- Audit junior
- Tax accountant
Bookkeeper
“Bookkeeper”, this term might push you to confusion. In simple words, Bookkeepers are liable to perform daily accounting tasks like general ledger entries, record adjustments, financial reporting and so on.
You will be responsible for maintaining accounts. This will require you to allocate transactions, verify transactions and also balance subsidiary accounts. These accountants document financial transactions, and hence the name bookkeeper is given to them.
Payroll officers
To keep it simple, Payroll officers are those who keep tabs on payroll information of a company. The overall process that defines and justifies the salary of employees is called payroll.
Payroll officers are responsible for tracking the working hours of employees and issuing them the paychecks. So, as a Payroll Officer, you will have a job of tracking as well as managing the payroll data of an organization you are working for.
Assistant accountant
Assistant accountants collaborate in several accounting projects with the organizational teams -accounting teams to be specific daily. The diploma of accounting provides knowledge to produce financial statements with other staff as per company policies.
In addition to that, assistant accountants are also responsible for corroborating the financial statements, rectifying the minor errors, and even bringing a manager in if the errors are complex and need authority.
Account clerks
Account clerks are responsible for carrying out billing and accounting obligations of a business. Generally, Account clerks is an entry-level position in a company. They, however, are essential for the overall operation of an association.
You have to commit to simple-yet-compelling activities like preparing and maintaining account records, comparing payable and receivable accounts and so on.
Budget officer
Also called Budget Director or Budget Controller, Budget officer has the job of managing and coordinating the line managers to execute the budget.
As Budget officer, you have to provide full information and also guide the budget committee. The budget officer is directly linked with the Accountant, Finance Offer, Chief Operating Officer, and CEO. Budget Officer may receive the authority and feedback directly from the Chief Executive Officer.
Tax accountant
Tax accountants are the competent professionals whose work responsibilities are eclectic from preparing payments, detecting tax savings, analyzing tax problems. In addition to that, the tax accountant also aids organization and associated clients with financial and income tax statements.
Besides this, Tax accountants also play a crucial role in recommending effective tax tactics and policies that agree with both law and company guidelines with the primary goal to advance the company’s financial as well as social well-being.
To be a successful and well-established tax accountant, one must first have detailed knowledge of the accounting procedures and time management skills.
Audit junior
As an audit junior, you would be sharing a senior auditor’s responsibilities to plan and execute the audit of a specific organization or firm. An audit junior’s official duty is preparing and scheduling audits and checking for financial records like expenses and revenue. They also work to make sure that the numbers they are working with are accurate and that the organizations’ rules are not violated.
With some experience and additional degree (depending upon the organizational requirement), you will jump the ladders of success and make your way to the senior auditor.
While going through this post, if you feel like any of the mentioned jobs is suited for you, perhaps an accounting diploma may fit you.
Where Can you Study Diploma of Accounting in Australia?
We know sometimes it can be a daunting experience to choose a college, university and location. Below are some of the institution offer Diploma of Accounting Course in Australia.
Sydney City College Of Management
Skyline International College – FNS50217 Diploma of Accounting
Southern Academy of Business and Technology
Australian Ideal College – Diploma of Accounting
