Accounting Career & New Zealand Settlement opportunities

Updated: Oct 16, 2021


What is an accounting profession?


The profession of accounting includes recording, recording, processing and providing financial and operational information of an organization. This is also a profession with a long tradition in the world, existing in any organization. Businesses regardless of size need 1 to several accountants. Most senior executives, or executives, come from the accounting profession.


Graduating from a university or college with a career in accounting, you will become an accountant and can work for any employers. However, to pursue a professional accounting career, you should have a professional certificate. This certificate (CA, CPA, ACCA) will help you to deepen your knowledge and become more professional. Most accountants will join one of the accounting societies.


Some of you have graduated from university, but not majoring in accounting, can study The Master of Professional Accounting (Accountancy).



skills of an accountant include:


  • Organizational skills, work arrangement

  • Time management

  • Logical and quantitative thinking,

  • Analytical skills

  • Communication skills

  • honest

Tasks of an accountant include:


As an accountant, you can work directly or indirectly with your degree

After graduating from school and working for a few years to gain experience, you can equip yourself to go more specialized, or take on a management role.


Choose a school, tuition fees & financial solutions


If you can afford it, you should study at one of New Zealand's eight universities. Otherwise, it's fine to choose a public (poly-technique) or a private (PTE) school.



When someone advises you, you should find out to do research. If you are from overseas, you should research carefully about the school you applying for an accounting course. These are 2 reliable information from NZQA (NZ education quality assessment agency) for you to check the school.


  • See if the school has been revoked, suspended, or investigated.

  • See what NZQA rates the school as. You can refer to NZQA's EER article to understand more about how to evaluate.

Tuition


Compared to other English-speaking countries, the cost of studying in NZ is much cheaper.


Admissions requirement


English entry requirements for accounting programs:


  • Diploma level 5: IELTS 5.5, and no skill lower than 5.0

  • Diploma level 6, 7 or bachelor's degree: IELTS 6.0, no band lower than 5.5

  • Master of Professional Accounting: IELTS is 6.5; no skill is lower than 6.0.

Note: Even after completing the NZ Diploma in Business Level 6, you will still not be able to study for level 7 if the IELTS expires (although level 7 has the same English entry requirement of 6.0).


If you do not pass IELTS, you have 2 options:


  • Studying General English at the school which leads to the main course. The study time depends on what band you need to achieve. For example, if you need 0.5 band, you will study for 14 weeks, and if you need 1.0, you will study for 24 weeks. You must register for the official IELTS/TOEFL/PTE test before entering the main course. You can also choose to study for the IELTS test instead of the General English course.

  • Sign up for 1 NZCEL level 4 (or 5) course depending on whether your next course is level 6-7 or 8.

Study & retest in your home country before applying for a student visa. This solution is more economical, for those of you who do not have the conditions.


Solution when finances are tight


Financially tight, you can choose private schools. The system of private schools (or companies) is more compact and flexible than state schools.



Their management costs are also more optimal than public schools. The goal of diversifying students allows them to offer discounts on tuition fees in several markets.


You can apply for Diploma in Business Level 5; Diploma in Business level 6, Diploma in Business level 7, choose Accounting major with additional knowledge subjects.


New Zealand Accounting Courses


Here are some accounting courses in New Zealand


PTE


  • Diploma in Accounting Level 7 (Aspire 2)

  • Polytechnic

  • Graduate Certificate in Professional Accountancy (Unitec)

  • Graduate Diploma in Professional Accountancy (Unitec)

  • Graduate Diploma in Professional Accounting (SIT)

  • Graduate Diploma in Accounting (MIT)

  • Graduate Diploma in Accounting (Waikato)

  • Graduate Diploma in Accounting Level 7 (UCOL)

University


  • Bachelor of Accountancy (Massey)

  • Postgraduate Diploma in Professional Accounting (AUT)

  • Master of Accounting (Otago)

  • Master of Professional Accounting (AUT)

  • Master of Professional Accounting (UoA)

  • Master of Professional Accounting (Canterbury)


Average Accountant Salary in New Zealand


An experienced Accountant with 10-19 years of experience earns an average total compensation of NZ$70,284 based on 24 salaries. In their late career (20 years and higher), employees earn an average total compensation of NZ$85,000.




(source: payscale.com)

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