Accountants play a vital role in the operation of businesses, corporations and governments, helping these entities manage their financial records. For a versatile and truly timeless career path, look no further than Accounting.
70% of accountants are happy in their chosen field
The top 10% of accountants earn more than $115,950 a year
Accounting is an equal playing field - 52% of Accounting majors are female
Accounting jobs are expected to increase by 11% by 2024
Studying Accounting can open up a huge number of doors, whether that’s working for an investment bank in London or helping small businesses in your community get off the ground.
Is Accounting right for me
Working in the Accounting field is great for routine-focused and detail-oriented people. Generally, accountants are avid problem solvers - they love crunching numbers and correcting errors to ensure flawless results. As an accountant, you’ll also have to be okay with working a 9-5 desk job, as well as potentially working overtime during tax season.
Finding your true calling is possible by choosing a specialisation. This might include tax, investments or even something called forensic accounting!
Accounting study options and costs
Accounting degrees can cost upwards of $30,000 depending on how prestigious your chosen institution is. A two-year course can be a great way of saving money, but just make sure to research the job prospects that people with shorter degrees have in your area. If the market is competitive, a minimum of a Bachelor’s degree may be necessary.
You’ll also have to factor in the cost of any certifications or registrations you need to legally practice in the country you intend to work in.
The rise of technology also means that many tedious accounting tasks can be automated and that accountants will be needed for the nitty gritty work instead. This might mean keeping on top of changing tax policies, leading teams, setting up proactive accounting processes, and meeting data security challenges.
If you like going over everything with a fine-tooth comb, you might want to consider a career in auditing. Most auditors work as external experts, going into companies to analyse their finances, assess their practices and finalise their reports. Some organisations may also hire in-house auditors. To become an auditor, you’ll need a Bachelor of Accounting and also be appropriately certified and registered.
As the name suggests, bookkeepers maintain a company's books (i.e. their financial records). This might include paying bills on behalf of the business, monitoring accounts and tracking transactions. This is an ideal position for those without a degree or with previous experience in something like data entry, as it’s possible to work your way up the ranks as a bookkeeper.
If you love a good mystery, a career as a forensic accountant could fit you to a tee. Forensic accountants are responsible for detecting financial crimes such as embezzlement or fraud or analysing financial information in court. Large organisations will typically look to hire forensic accountants to ensure everything’s done by the books. To become a forensic accountant, you’ll need an accounting degree and professional registration.
If you’re detail-oriented and interested in maximising your clients’ profits, a career as a tax accountant could be for you. As a tax accountant, you’ll be responsible for filing tax returns and managing the financial records of individuals and/or companies. If working with individuals, you’ll assist them with correctly completing their paperwork and provide advice on how they can legally reduce the amount of tax they need to pay. For an even bigger challenge, consider specialising in corporate tax.
Looking for an accounting role that’s a little outside of the box? Project accounting could be a good fit. In this role, you’ll be responsible for the accounts of individual projects, collecting and analysing data around the project’s progress and financial performance. This role is particularly appealing to those who wish to work for themselves as it’s possible to work on a contract or freelance basis. To get started, you’ll need a Bachelor’s degree in Accounting as well as appropriate certification.
Top Accounting courses
At Conestoga College
Kitchener , Canada
Bachelor Degree with Honours
Total course fee
CAD 60,768 CAD 60,768 Program fees are indicative only. Speak to your IDP study counsellor to get up-to-date course prices.