Studying Professional Accounting

Businesses see a lot of in-flows and out-flows of cash. This money could be what the companies pay to their employees, shareholders, suppliers, branches and offices or the government as taxes and tariff. The other side of this is the money coming in from customers, government as tax rebates and returns from investments. In addition to these companies also need to forecast their revenue and prepare a budget allocating money to different departments and/or purposes.

Keeping tracking of all these transactions, ensuring payments are made on time and that all money is accounted for is a colossal logistical challenge. That is why companies need suitably qualified accounting professionals to keep on top of all things financial.

Some of the most sought-after New Zealand universities, colleges and institutes you could study at are:

• NMIT
• Aspire 2
• ARA

Salary and Career Prospects

Professional accounting graduates find work in all sectors, including IT and tech (Microsoft, Apple), accountancy and professional services, retail and hospitality, banks and the government.

Some of the roles graduates take up are Graduate Accountant, Finance Officer, Business Services Accountant, Tax Assessor, Auditor Accounts Payable Officer and Accounts Receivable Officer.

Salaries vary depending on qualifications, location and experience. As a guide, professional accounting professionals earn around $95,000 a year (48 lakhs INR).

Why study in New Zealand?

New Zealand is fast emerging as one of the best study destinations for international students. Most universities, colleges and institutions in New Zealand are government-owned and funded and maintain high teaching and learning standards.

It terms of economy, New Zealand’s is largely home-grown. Some of biggest companies based there are Air New Zealand (airliner), Spark New Zealand (telecoms company), Progressive Enterprises (retail) and Fletcher Building (construction company). Auckland ranks consistently among the world’s most liveable cities and has a thriving start-up scene.

Kiwis, as people living in New Zealand are affectionately called, enjoy year-round good weather, high salaries, access to spectacular beaches and a healthy work-life balance. The country’s breathtakingly beautiful landscape, ski resorts, lakes and national parks attract millions of tourists every year.

International graduates are typically offered post-study work visas of up to 3 years upon graduation.