Accounting

This qualification reflects the use of individuals employed in bookkeeping and seeking professional recognition, for example taxation representatives, reports managers and business analysts; and to employees performing a variety of accounts management activities for organisations in a variety of businesses. At this degree people are expected to employ technical and theoretical skills in a selection of situations and also to display determination and initiative in preparation activities. They've autonomy in performing complex operations and certainly will be responsible for planning, coordinating and evaluating the work of others within comprehensive but broadly speaking welldefined parameters.Licensing/Regulatory InformationWork works at the occupational areas where this eligibility could be used are at the mercy of regulatory conditions. Check with the FNS Financial Services Training Package Companion Volume Implementation Guide or the appropriate ruler for specific guidance on requirements.This eligibility includes units that include an approved Tax Practitioner Board (TPB) course in Australian law law and business law, which are relevant for enrollment as a tax agent. Persons seeking registration with the TPB should check current enrollment conditions with the TPB, as enrollment requirements have been reviewed regularly.

Program Overview:

The Accounting program at the West Australian Institute of Further Studies is designed to provide students with comprehensive knowledge and practical skills necessary to succeed in the dynamic field of accounting. Throughout the course, students will explore fundamental accounting principles, financial reporting, auditing, taxation, and management accounting. The curriculum emphasizes not only theoretical understanding but also practical application, ensuring graduates are well-prepared for real-world challenges in various industries.

Students will engage with a wide range of topics, including financial statement preparation, analysis and interpretation, budgeting, and internal control systems. The program also covers the use of accounting software and tools commonly used in the industry, equipping students with essential technological skills. Emphasis is placed on ethical considerations and professional standards, fostering integrity and responsibility in financial management.

The program is structured to offer a blend of classroom instruction, case studies, and hands-on projects, enabling students to develop critical thinking and problem-solving abilities. Particular attention is given to developing proficiency in dealing with complex financial data and communicating accounting information effectively to stakeholders.

Career opportunities for graduates with an accounting qualification are diverse, spanning roles such as financial accountant, management accountant, auditor, tax advisor, and financial analyst. The program aims to prepare students not only for immediate employment but also for further studies and professional certifications, including CPA and CA qualifications.

Throughout their studies, students will benefit from experienced faculty members with professional backgrounds and connections to the industry, providing valuable mentorship and networking opportunities. The institute’s state-of-the-art facilities and resources further enhance the learning experience.

By completing this program, students will gain a solid foundation in accounting practices and principles, enabling them to contribute effectively to the financial health and success of organizations. The program’s flexible structure also allows students to tailor their learning experience based on their career aspirations, making it a valuable stepping stone to a rewarding career in accounting and finance.

Completion of FNSSS00014 Accounting Basics Skill Establish and FNSSS00015 Higher Level Accounting Basics Skill Set;ORCompletion of FNS50215 Diploma of Accounting;ORCompletion of FNS50217 Diploma of Accounting.

The Financing options for the Accounting program at the West Australian Institute of Further Studies provide students with various pathways to fund their education. The institute offers competitive tuition fees, which are outlined on their official website, and it encourages prospective students to explore multiple financing avenues to support their studies. Students can consider government funding schemes such as HECS-HELP, which allows eligible domestic students to defer tuition fees until they are earning above a certain income threshold. Additionally, the institute provides information about scholarships and bursaries available to both domestic and international students, aimed at supporting those with outstanding academic records or financial hardship.

For international students, payment plans may be available, and they are advised to consult the admissions office to understand the specific fees applicable to their program. Private funding options, including education loans through banks or financial institutions, can supplement government assistance. The institute also emphasizes the importance of budgeting and financial planning, and they offer guidance to students on managing expenses during their course duration.

Students are encouraged to explore external scholarship opportunities and government grants beyond those offered directly by the institute. Part-time work can be a practical way for domestic students to supplement their income during their studies, and the institute often assists with job placement services and connections to local employment opportunities. Overall, the west Australian Institute of Further Studies aims to make education accessible, and they provide comprehensive support in understanding and navigating the various financing options available for studying accounting.

The Bachelor of Accounting at the West Australian Institute of Further Studies (WAFS) is designed to provide students with comprehensive knowledge and skills in the field of accounting. The program covers fundamental areas such as financial accounting, management accounting, auditing, and taxation, equipping graduates with the essential technical expertise required for various accounting roles. Throughout the course, students engage with practical applications of accounting principles, ensuring they are prepared for real-world challenges in finance and business environments. The curriculum also emphasizes the development of analytical and problem-solving skills, critical thinking, and ethical considerations underpinning professional accounting practice. Students have opportunities to undertake internships and industry placements, which enhance their experiential learning and professional networking. WAFS aims to produce graduates who are competent, ethical, and adaptable, capable of working in diverse sectors including public accounting firms, corporate finance departments, government agencies, and non-profit organizations. The program is aligned with industry standards and is often reviewed to meet evolving accounting practices and regulations. Opportunities for further specialization or postgraduate study may be available upon graduation, depending on the student's interests and career aspirations. The teaching staff typically comprise experienced professionals and academics dedicated to fostering a supportive learning environment. Upon completion of the Bachelor of Accounting, graduates often pursue professional certifications such as CPA (Certified Practising Accountant) or CA (Chartered Accountant) to enhance their career prospects. The program duration usually spans three years of full-time study, with flexible learning options in some cases. The institute offers modern facilities, resources, and student support services to assist students throughout their academic journey. Overall, the Bachelor of Accounting at WAFS aims to develop well-rounded professionals who can contribute effectively to the accounting and finance industry, uphold highest ethical standards, and continue lifelong learning for career advancement.