Persons who keep a good record of the finances owned by any company are referred to as accountants. In short, they are responsible for accounting for any penny that is received or used in the usual running of the business. A company’s financial information can only be monitored and audited by an accounting professional. Accountancy is regulated by general rules which are meant to guide all accountants in submitting standard and acceptable accounting information. The reason why there are accounting standards is that people can receive accounting information which can uniformly be understood across the nations guided by the same rules.
Another name for accountants in Australia is chartered accountants. It is a requirement that you join a team meant for accountants if you want to be recognized in Australia. To be one of the chartered Australian accountant, one has to enroll for an accounting course. You should be prepared to spend four years studying so that you can be equipped with necessary skills to ensure that you become one of the recognized accountants. After achieving a degree, one is then required to take a tertiary course. Individuals who are best suited for the tertiary class are those who wish to join the chartered accountant’s institute.
The well-known accounting organization in Australia include chartered accountants of Australia, Certified Practicing Accountants as well as the National Institute of Accountants. There are members who exceed five hundred and fifty-five thousand who are members of the … Read More