Employment Outlook

Accountant

Accountants will plan and provide accounting systems and services that relate to taxation and the financial dealings of organisations and individuals. They will also advise on record-keeping and compliance requirements. An accountant may also help managers, investors, tax authorities and others make decisions about allocating resources.

 

Average wage for

Employment Levels

Around 193,000 people are currently employed as Accountants in Australia. This is set to increase slightly to 218,700 people by 2019, according to the Department of Employment.

Employment by State

37% of all Accountants are employed in NSW. The area with the lowest number of Accountants is NT, with only 0.8%.

Gender Split

This is an evenly split industry with 49.9% of Accountants being male and 50.1% female.

Age Brackets

The most popular age for people working as Accountants is 25-34 years old, with 35%. A small percentage (4.1%) of people get into this career path older, aged 65 and over. There is also a number of people who enjoy a career as Accountants, with 7.2% aged 20-24.

Hours Worked

Accountants work an average of 40.3 hours a week which is 0.6 hours lower than the average for all occupations.

Education Level

The majority of Accountants have a Bachelor Degree qualification (55.5%) or are at a Post Graduate/ Graduate Diploma or Graduate Certificate level (24.2%). 93.1% of people have a Cert III or higher, whilst 6.9% have a qualification which is Year 12 or lower.

Accountant Duties & 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

 

 

*The information provided on this page is from the Department of Employment’s Job Outlook website. All salary ranges are from Payscale. Where jobs are not exact matches, job areas have been used. This information is to be used as a guide only. 

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