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Accountancy - Admissions & Scope

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5 years
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47240
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Band 7
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parkville, Australia
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3 years
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40216
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Band 6.5
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44032
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60560
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auckland, New Zealand
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32392
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Band 6.5
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Mar
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33688
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Mar
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75874
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Mar
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18900
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17100
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20100
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20100
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Band 6
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Aug
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20100
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Band 6
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Aug
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auckland, New Zealand
Rank : #2
Duration -  
3 years
1 year Fee -  
26380
IELTS -  
Band 5.5
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Feb, Jul
Duration -  
1 years
1 year Fee -  
28140
IELTS -  
Band 5.5
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Feb, Jul
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3 years
1 year Fee -  
28520
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Feb, Jul
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1 years
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28520
IELTS -  
Band 6.5
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Feb
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1 years
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29840
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Band 6.5
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Feb, Aug
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29840
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Band 6.5
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Feb, Jul
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st-lucia, Australia
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3 years
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41392
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Band 6.5
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Feb, Jul
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singapore, Singapore
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2 years
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20000
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Band 6.5
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Mar
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2 years
1 year Fee -  
20000
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Band 6.5
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Aug, Jul
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2 years
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20000
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Aug, Jul
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palmerston-north, New Zealand
Rank : #2
Duration -  
3 years
1 year Fee -  
26380
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Band 5.5
Intake -  
Feb, Jul
Duration -  
1 years
1 year Fee -  
28140
IELTS -  
Band 5.5
Intake -  
Feb, Jul
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dunedin, New Zealand
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Duration -  
2 years
1 year Fee -  
23800
IELTS -  
Band 6.5
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Feb, Jul
Duration -  
1 years
1 year Fee -  
27600
IELTS -  
Band 6.5
Intake -  
Feb, Jul
Duration -  
1.5 years
1 year Fee -  
30900
IELTS -  
Band 6.5
Intake -  
Jul
Duration -  
2 years
1 year Fee -  
43073
IELTS -  
Band 6
Intake -  
Feb, Jul
Duration -  
1.5 years
1 year Fee -  
55200
IELTS -  
Band 6.5
Intake -  
Feb, Jul
Duration -  
2 years
1 year Fee -  
57439
IELTS -  
Band 6
Intake -  
Feb
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Updated on - November 13th 2019 by Piyush Bhartiya

Overview

Accountancy is an area of education which deals with the practice of recording, classifying and reporting on business transactions for a business. It deals with the communication of financial information between the organizations. To produce good result for the company there is a need of a proper report of past activities such as profits, loss or transactions. To ensure a good report a good Accountant is needed for the company who has the core knowledge about accounts. The various job opportunities and the need of accountants has increased as the world has seen a rapid growth in industrialization. This factor has attracted numerous students mainly from commerce background to pursue accountancy as a career. To attain core knowledge the students seeks great colleges with the factor of quality teaching and many research programs.

Some of the best countries with great colleges which fulfil all the needs of the students are U.S., U.K., Australia, Canada and many more.

Top Colleges Level Wise

  • University of Texas

It is a public institution founded in 1883 situated at Texas, Austin, U.S. Every year this premier college witnesses the enrolment of around 40,000 students from all across the world. This college has been ranked to the top for providing quality education in accountancy and finance. This college provides two programs in which one is a four year degree course leading to BBA and the other one is a five year degree course leading to Master in Professional Accounting.

The Average fee to study Accountancy in this college is around $35,000 but many scholarships are also available to the students. To get into this college one has to score ranks in ACT or SAT. Students with commerce background or who are interested to have a career in Finance and Accounting prefer this college over the others because it offers many research and internship programs that help the students to understand the full content of the topic.

After completing the bachelor’s degree a student can choose to study masters or they can choose to work in the field of accountancy and finance. As the opportunities provided to the students are vast, it attracts many students from across the world.

  • University of Strathclyde

The University of Strathclyde is a public research University located in Glasgow, Scotland, U.K. This institute has topped the index for providing quality education in Accounting and Finance in the country. With enrolment of around 20,000 students every year, it is one of the most sighted colleges by the students across the world. This college is a place where students can Undergraduate and Postgraduate courses both are offered. The courses offered in accounting are B.A in Accounting and Finance, Master in Accounting and many research degrees as well.

The Average fees for accountancy department are around 16,000 pounds and to get into this college for the students outside U.K., the student have to score a good rank in IELTS. The main agenda is preparation, presentation and interpretation of financial information. This college uses real Business problems to increase the decision making of the students that will help them in running the company. External contributors from partnership corporate organizations are involved in teaching and assessment of student presentations.

 Various research programs and personality development program help the students to gain knowledge about the core of accounts and finance. This is the reason it is one of the most sighted colleges in the world to study Accountancy.

  • University of Melbourne

This Australia-based college is one of the best colleges for accounting for finance in the world. This college offers various courses in Accountancy in which some of them are Bachelors of Accounting, Bachelors of Arts and Bachelors of Business, Bachelors of Business and many master’s degrees like Master of Business.

The Average fee to study accountancy is around $50,000 per year and to get into this one have to score ranks in IELTS, TOEFL. Every year around 50,000 students take admission in this college to study accountancy and finance. The various information exchange information programs about accounts and finance give the students core knowledge about the subject’s content. Internships and various business problems helps the student to learn about managing account and by facing problems their decision-making skills are also improved.

After completing the bachelor’s degree one can choose for master’s degree or can pursue a career in accountants, financial advisor and many more.

  • Centennial college

Centennial College of Applied Arts and Technology is a diploma and degree-granting college located in Toronto, Ontario, Canada. These college witnesses the admission of around 22,000 students every year. With more than 100 fields of studies to provide this premier, institute is ideal for the students. This college is ranked top in providing education in Accountancy and Finance in all over Canada.

The Average fee to study accounts and finance is around $15,000 and to get into this college one have to score ranks in IELTS, TOEFL, and SAT. This college provides a diploma course in Accounting in which the students learn the basics of accounting through rigorous curriculum that focuses on expanding their skills as an employee. The Students are subjected to learn the foundation of accounts which will help to pursue a profession in accounting. The classes are taught in lab environment that are fully equipped with integrated network of computers. After the completion of the diploma program they can opt to study Graduate in Financial planning which will help them to pursue a better career in Accounts and Finance.

The Various research programs provide the students a huge platform to learn and experiment with their ideas.

 

  • University of Illinois

The University of Illinois at Urbana-Champaign, U.S.A. offers a 4 years degree program in Bachelor of Science in Accounting which prepares the students for entry into a variety of fields in accounting with corporate accounting, accounting information systems and government accounting. This University provides various Undergraduate and Postgraduate degrees in Accounts and Finance.

The Average Fees to study accounts is around $33,000 and to get into this college the students need to score ranks in IELTS, TOEFL and SAT. The curriculum consists of knowledge of the activities of organizations, businesses and accounting practices. Various information exchange programs help the students to develop intellectual interpersonal communication skills, capabilities and professional attitudes. After the completion of Bachelor’s degree the student can opt to study masters or they can pursue a career in accounts and finance.

This college is ideal for the students who come all the way to this country from all across the world. They learn the ethics to become a better professional person.

  • University of Southern California

This University is located in California, U.S.A. which is premier institute to study accountancy as this college provides many Undergraduate and Postgraduate degrees in the field of Accountancy and Finance.

The Average fees to study in this college is around $50,000 per year but many Scholarship programs are also provided to the students that act as a financial aid to the students who are financial weak. To get in this college one has to score ranks in IELTS, TOEFL, PTE or SAT. The curriculum is 4 year degree program offered to the students in which they learn the basics of accounting and finance. This college provides a huge platform and numerous opportunities to the students to develop their knowledge as professional employee. Various information exchange programs, internships help the students to learn the tactics to work in an organization.

These are some of the colleges which had excelled in any surveys conducted according on the basis of their quality education in accounts and finance, research programs, information exchange programs and many more parameters. The students seek not only a degree from some recognized college but also what they will learn during the course, what opportunities are provided to the students and many more factors that influence their mind to select a college fit for them. These colleges listed are some of the best colleges as they provide world class education system with many extracurricular activities that help them to understand the basics of the subject matter which is accounts and finance in this case.

 

Course Details

The universal language of business, commerce and finance, accounting is perfect for students with a good head for numbers and analysis, a driving interest in business and a keen eye for detail. Accounting degrees involve learning how to measure, process, analyse and communicate financial information about an organization to a variety of concerned parties, including investors, creditors, management, regulators and the general public in order to facilitate improvements and adherence to established rules and guidelines.

 

Level/Degree 

Duration

Bachelors of Accountancy (BAcc/BAcy)

4 years

Masters of Accountancy (MAcy)

1-2 years

Diploma courses

1 year

PhD in accounting 

1-3 years 

 

Top Universities

College Name

Location 

Estimate/average fees per annum

University of Texas

Texas, USA

$35,000

University of Strathclyde

Scotland, UK

GBP 16,000

University of Melbourne

Australia

$45,000-$50,000

Centennial college

Toronto, Canada

$15,000

University of Illinois

USA

$35,000

University of Southern California

USA

$50,000

 

Requirements & Eligibility

To study accountancy in a top university, the student needs to fulfill some criteria. They should meet all the requirements so as to continue education from their desired college.  Some of the important criteria are- 

 

Academic Requirements

Bachelor’s Degree in Accountancy

  • Interested students must have completed class 12th with either the CBSE (All-India SSC) or CISCE (ISC) board
  • For CBSE board: CGPA of 9.6 with grade A1 in any subjects relevant to the course applied for
  • For CISCE board: Overall grade of at least 90%, with grades of at least 95% in three subjects (including any relevant to the course applied for) and 85% in the other two subjects.

 Master’s Degree 

  • Student must have passed a Bachelor of Accountancy with a minimum of 50% marks.

Exams

  • English proficiency test score such as IELTS or TOEFL depending on the university.

Work Experience

  • Well most of universities don’t ask for Work experience. But it totally depends on the admission process of the university as master’s degree sometime needs work experience.

Others

  • Letter of recommendation
  • State of Purposes


There is a difference between an accountant and a Certified Public Accountant. Accountants (also referred to as “public accountants”) are typically individuals hired to work in the accounting departments of businesses, but lack several of the qualifications of a CPA. Accountants, for example, may not possess state certification or licensure. Accountants can perform certain limited tasks, such as the preparation of financial statements. They may also prepare tax returns if they have passed the required IRS test or received a Preparer Tax Identification Number. They may not, however, conduct audits or review financial statements.

CPA                                                                                                       

Certified Public Accountants must meet a number of specific requirements, including earning a college degree, passing all parts of the CPA exam, and working for a set number of hours (usually 1800) under the supervision of an actively licensed CPA. CPA’s can perform all of the same tasks as a public accountant, but additionally may conduct audits, review statements, and represent clients before the IRS.

In deciding which type of accountant career to pursue, an individual must honestly assess his or her personal goals and willingness to put in the considerable time and effort needed to become a CPA.

 

Admission Procedure

Taking admission to a top university or college can be a tiresome task. It is advised to the students that they should consult an advisor to get admission. Deadlines are one of the most important aspect to take admission as missing these dates can leads to cancellation of the application of the students. 

Entrance exams 

  • Appear for English proficiency exams such as IELTS or TOEFL to get admission. The student should also seek exams required other that this as according to the need of University.
  • Exams like SAT, ACT and other entrance exams as per the university and country.

How to apply 

  • Identifying country, universities and the course of your interest
  • Request universities for Application forms
  • Taking various required tests
  • Arranging and preparing Essays and recommendation letters
  • Completing and Sending Application forms along with required documents
  • Reporting various test scores to the universities

 

Course and Syllabus Details

English

Financial Accounting I

Business Regulatory Framework

Economics I

Business Math and Statistics

Principles and Practice of Management and Business Communication

 

Information Technology and Applications in Business

Principles of Marketing

Advanced Business Math

Economics II

Financial Accounting II

Direct and Indirect Taxation

 

Financial Accounting III

Auditing

Economics II

Cost and Management Accounting

Environmental Studies

Project

 

Average Fees

The Average tuition fees for the course is around 30-40 lakh for most of the colleges in USA, UK and Canada. Apart from  the tuition fees there are many other type of charges such as accommodation, stationary and many other.

College Name

Location 

Estimate/average fees per annum

  • University of Texas

Texas, USA

$35,000

  • University of Strathclyde

Scotland, UK

GBP 16,000

  • University of Melbourne

Australia

$45,000-$50,000

  • Centennial college

Toronto, Canada

$15,000

  • University of Illinois

USA

$35,000

  • University of Southern California

USA

$50,000

 

Career Scope

After a degree/degrees in accountancy, the students have a huge number opportunities that they can pursue as a career for example they can work as- 

  • Accountant clerk
  • Accounting assistant
  • Accounts payable clerk
  • accounts payable officer
  • credits and collections officer
  • Managerial and cost accounting payroll 

And many more numerous options to pursue. With rise of Businesses there is a need of good accountants who can manage the records of the transactions of the company which is an essential part of the company. Accountancy opens new field to the students who want to pursue a job as a professional employee who have important role in the company.  

The job of accountants exist in public as well as in private sector. If you are choosing your career to be an accountant then, the career options in this field are available in numbers. You can go for various jobs under this course. One can do job in outside of India also.

Every organization needs an accountant that manage and maintains the financial records of the companies. It enables the organization to judge their success/failure and plan for the future. There are different positions available in this field. Lucrative jobs available for chartered accountants in India as well as in foreign countries.

One can choose teaching profession in this field. Job opportunities are available in accountancy firms, insurance companies and banks. You are also employed in private organizations or companies.

Job profiles in accounting field is as follows:

  • Finance Managers
  • Financial Controllers
  • Financial Advisors
  • Directors (Finance)
  • Certified Public Accountant
  • Chief Financial Officer
  • Chartered Management Accountant
  • Company Secretary

Working Area

  • Public Accounting
  • Audit
  • Tax
  • Budget Analysis
  • Financial
  • Management Accounting
  • Real Estate Finance

 

Thus, accountancy can be a good career option for commerce stream students with growth opportunities and a bright future ahead.

 

Job and Salary Scope

Position 

Average annual Salary 

Tax Accountant

$65,840

Bookkeeping, Accounting and Audit Clerk

$41,110

Financial Analyst

$99,430

Financial Advisor 

$124,140

Financial Manager 

$143,530

 

Study Abroad Expert & Co-Founder @ AdmitKard

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing vertical for top MNCs and Indian business houses.