Accountancy from Australia: Top Universities, Colleges, Eligibility and Validity
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While Commerce and related subjects in the FAME (Finance, Accounting, Management and Economics) Category gain strength in India, the percentage of students visiting countries abroad continues to be dominated by STEM (Science, Technology, Engineering and Mathematics) category. Though Economics and Management are famous enough courses and call good strength of students, accounting remains at the back end. And perhaps rightly so. With the different accounting policies in all countries…taking up a course in accounting abroad could mean a waste of time and energy. But before you sign off Accounting from Abroad, wait and look at Australia.
Accounting from Australia
Accounting continues to be one of the top choices in courses in Australia. One of the reasons remain that Australia as a country is always looking out for Accountants. With high demand in the job scenario, the obvious need for accounting related courses makes it all the more well acknowledged. Adding to the popularity of the course, especially from Indian point of view, is the acceptance of the CPA qualification by ICAI and vice versa.
Simplifying the statement, it can be said that a Chartered Accountant from India is eligible to be qualified as a CPA in Australia and accordingly practice. Similarly, ICAI recognizes CPA from Australia and the person can practice in the country. This was brought into effect by a Mutual Recognition Agreement signed by Institute of Chartered Accountants India (ICAI) and CPA Australia in February 2009 which was re-signed in September 2014. Of course the student would have to write a few exams and there are some eligibility criterion, but the fact remains that your Accounting degree is good in Australia.
So, if you are a full Associate Member of ICAI, you can apply for membership to CPA. You can enrol directly, write a couple of required exams. Once qualified, you can get a membership of CPA Australia and are qualified to practice in the country. It is important to note that to be eligible, you ought to be a present member of ICAI and also have a recognized bachelor’s degree.
Types of Accounting Courses
Unlike in India, where there is no special course for accounting, Australia has special designated courses in Accounting. A student can opt for a bachelor of arts in Accounting or even a bachelor of business in Accounting. The same applies to master’s programmes as well. Also, on a professional level, there are a wide variety of certificate diplomas available from TAFE Institutes in Australia. A student can also go on to pursue a CPA after completing a bachelor level degree in accountancy.
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Top Universities for Accountancy
Now that we know that Accountancy continues to be a lucrative option for study abroad aspirants, here’s a look at the some of the Universities in Australia that rank amongst the very Top Universities of the World for Accountancy as *ranked by QS World Rankings
| Name of the University |
World Rank* |
| 12 |
|
| 14 |
|
| 19 |
|
| 25 |
|
| 28 |
The University of Newcastle is amog the universities that does not publish official data on the acceptance rate. However, as per some unofficial sources, the University of Newcastle Australia acceptance rate is 87%. This makes Newcastle University Australia moderately selective in admissions. Please note that the data on acceptance rate given above is taken from an unofficial source, therefore, it is subject to vary.
Melbourne Institute of Technology Australia (MITA) is largely regarded as one of Australia's top institutions. It has a solid reputation in engineering, business, and science.
To begin with, Melbourne Institute of Technology Australia provides a world-class education with an emphasis on hands-on learning. You will be able to gain practical knowledge and abilities in a range of disciplines. Furthermore, the institution provides a wide range of courses and programmes that will provide you with the skills and knowledge required for a successful profession.
Second, the university is well-known on a global scale. It has the highest graduate employability rate in Australia. This is due to the great level of education and possibilities provided by the university to its students.
Third, the university boasts a broad and vibrant culture. While learning, you will be able to pursue your hobbies and meet like-minded people. This will aid in the development of your professional chances and the formation of strong relationships that will continue long after you graduate.
Fourth, the institution provides a wide range of facilities and services to make your studies more pleasurable and productive. You will be able to locate
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