Registered Migration Australia

ACCOUNTANT (GENERAL)

ANZSCO 221111 - Registered Migration Australia




Description

A general Accountant provides services relating to compliance-based financial reporting, auditing, insolvency and accounting information systems; and advises on associated record-keeping requirements. Registration or licensing may be required in Australia for certain services such as auditing as a general accountant is a Skill Level 1 occupation.

 

Specialisations

 

  • Financial Analyst
  • Insolvency Consultant
  • Insolvency Practitioner

 

Accountant (General) Occupation Lists
This occupation is on the following skill lists:

 

 

This occupation is not on the following skill lists:

 

 

 

Group: 2211 Accountants

 

 

 

 

Job Description - Registered Migration Australia


The job of a general accountant in Australia is to provide services relating to financial reporting, taxation, auditing, insolvency, accounting information systems, budgeting, cost management, planning and decision-making by organisations and individuals; and provide advice on associated compliance and performance requirements to ensure statutory and strategic governance.

 

Tasks

  • assisting in formulating budgetary and accounting policies
  • preparing financial statements for presentation to boards of directors, management, shareholders, and governing and statutory bodies
  • conducting financial investigations, preparing reports, undertaking audits and advising on matters such as the purchase and sale of businesses, mergers, capital financing, suspected fraud, insolvency and taxation
  • examining operating costs and organisations' income and expenditure
  • providing assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements
  • providing financial and taxation advice on business structures, plans and operations
  • preparing taxation returns for individuals and organisations
  • liaising with financial institutions and brokers to establish funds management arrangements
  • introducing and maintaining accounting systems, and advising on the selection and application of computer-based accounting systems
  • maintaining internal control systems
  • may appraise cash flow and financial risk of capital investment projects

 

Skill Level
Most occupations in the Accountant (General) unit group (Group 2211) have a level of skill commensurate with a bachelor degree or higher qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).

 

In Australia registration or licensing may be required as a general accountant.

 

Occupations within the Accountant (General) Group

 

 

Note: Whilst a similar occupation may appear in the same accountant group, if not specifically listed in the STSOL or MLTSSL, the ANZSCO description should be used for reference purposes only.

 

English Requirement

 

  • IELTS result with a minimum score of 6 (L, R, W), 7 in speaking and 7 overall;
  • OET result with a minimum grade B in all sections;
  • TOEFL iBT with a minimum score (L:12 R:13 W:21 S:23 overall L93);
  • PTE Academic with a minimum score of 50 (L, R, W), 65 in speaking and 65 overall

Exceptions

  • Australian Graduate Exceptions apply in some states/territories
  • Priority Skilled Lists may apply a specific requirement in some states/territories
  • Countries exempt from submitting IELTS or OET include the UK; Canada; New Zealand; US; and Ireland

 

Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.

 

 

Assessment Authority

 

  • Accountant (general) is currently assessed CPA/ICAA/IPA; more information regarding assessment bodies

 

Visa Caveats:

 

 

Caveat 6:

The position is a clerical, bookkeeper or accounting clerk position.

Caveat 19:

The position is in a business that has an annual turnover of less than AUD1,000,000.

Caveat 21:

The position is in a business that has fewer than 5 employees.

 

Average Income of a General Accountant

The average salary for an Accountant (General) in Australia is $ 76,383 for male employees and $ 73,784 for female employees per year. Average Age: Males: 40.6 Females: 39.4 Persons: 39.9

 

Source: www.abs.gov.au (Group 2211) Accountants - Employee Earnings and Hours, Australia, May 2016

 


Please contact us if you would like assistance with your Accountancy Skilled visa application. Registered Migration Australia is a licensed migration company. We are proudly 100% Australian owned and operated.

 

 

Licensing and/or Professional Associations

In many occupations you must be registered with or obtain a license from a local authority in the state or territory where you want to practise your occupation. Contact the local authority in your relevant state or territory to enquire about the licensing or registration requirements. It may benefit to become a member of a relevant industry association for your occupation which could help with your employment and visa application prospects.

 

 

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