Industry insights

Accounting industry insights

Employment/positions projection 16% growth to 2020
Earnings (Average full time earnings) $1400 per week
Full time vs part time 80.6% full time

Bookkeeping industry insights

Bookkeeping sector size 137,400 employed
National employment breakdown (top 3) 32.5% (NSW), 23.3% (VIC), 21.2% (QLD)
Flexible career options 68.4% part time

Accounting and bookkeeping – a growing industry

Australia’s economy is moving from resources to services. In the next 20-30 years, we’ll see a lot more people doing knowledge-based work, rather than physical labour. The skills that accountants and bookkeepers use are transferrable between industries, all across Australia. That’s part of why there are thousands of accounting and bookkeeping jobs advertised every month. In other words, accounting and bookkeeping is a particularly exciting field. And you’re about to become part of it.

Bookkeeping trends

Bookkeeping is a very attractive job role for people seeking a flexible lifestyle. The statistics are striking. More than half of all bookkeeping jobs are part-time roles. With over two million small businesses in Australia, many choose to outsource bookkeeping functions to self-employed accredited bookkeepers. Many businesses offer part-time job roles. Larger businesses offer traditional full time and part-time jobs in a variety of areas. These include key divisions such as accounts, payroll, and treasury. The bottom line is, a qualification in bookkeeping opens up a lot of employment flexibility, both for today and tomorrow.

Accounting trends

Accounting jobs are skewed more to full time roles, certainly compared to bookkeeping. Accountants are in demand, and job openings are forecast to grow. Accounting is much more than simply crunching numbers. It involves interpreting financial information to allow informed decisions about small, medium and large businesses. If you become an accountant, you will become a financial ‘mechanic’ able to diagnose financial issues within a business, and fix them. Have you heard the famous saying, “knowledge is power”? We suggest financial knowledge takes you one step further.

Your next steps

Choose from one of our nationally recognised courses including the FNS40217 Certificate IV in Accounting and Bookkeeping, FNS50217 Diploma of Accounting or FNS60217 Advanced Diploma of Accounting.

Please note, the FNS50217 Diploma of Accounting now has entry requirements. If you haven’t completed a recent Certificate IV in Bookkeeping or Certificate IV in Accounting you’ll need the Accounting Principles Skill Set which includes six key units. Monarch Institute offers this skill set.

 

 

Sources: lmip.gov.au; joboutlook.gov.au.

Meet your trainers

You'll be guided and supported by experts and thought leaders
Simon Slade-Betts
Trainer
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."
– Chinese Proverb et al

I’m the Accounting/Bookkeeping Course Co-ordinator, and a trainer and assessor, here at Monarch Institute. I’ve got quite a few years’ experience as an accounting trainer and assessor with Australia’s largest RTO colleges.

As a Certified Practising Accountant (Fellow), I’ve got over 37 years’ accounting and business experience. I’ve worked both locally and overseas, across diverse industries, with some of the world’s largest multinational corporations. In these roles I have held directorships, senior financial management and company secretarial positions. This means I’ve had responsibility for all aspects of accounting and finance.

My experience in accounting and finance is complemented by more than 18 years’ involvement in the IT industry. I’m still working in the industry, with Australia’s leading software provider, to deliver specialised business software training to business operators in the SME sector.

What makes me jump out of bed each morning?

The opportunity to help make the world a better place through helping educate and encourage learners and business operators achieve their goals and consequently improve the living standards of millions of people worldwide. But just before I do all of that, I’m a coffee lover, so the enticement of a great morning coffee also helps a lot!

Michelle Dascal
Trainer
"A person who never made a mistake never tried anything new."
– Albert Einstein

I currently work in a mid-tier accounting firm as a senior accountant, and love it. I have over four years’ experience working as a business service accountant and tax consultant. I look after a portfolio of clients across various industries, and that’s really interesting. Observing different sector dynamics at play is fascinating. My skills include preparing financial statements, preparing tax returns, BAS, budgeting, cash flow analysis and tax consulting.

What makes me jump out of bed each morning?

I’m passionate about eating food. I love to try different cuisines in restaurants, and enjoy cooking as well. The bed time discussion generally starts with, ‘…what are we going to eat tomorrow’?

John Deininger
Trainer
"No choice we can make as a nation lies between our history and our geography. We can hardly change either of them. They are immutable. The only choice we can make as a nation is the choice about our future."
- Hon Paul Keating

I am a qualified Chartered Accountant. I started out with the large chartered practice Pricewaterhouse Coopers. Since then I’ve built a career in financial services, working with both large and small chartered accounting firms, financial services businesses both in Australia and overseas and a mid-tier industry superannuation fund. I’ve also got a track record of similar roles in a volunteer capacity in the local community; I’m the treasurer of two community organisations. I am particularly interested in assisting and guiding students in the financial services arena with their studies and career development.

What makes me jump out of bed each morning?

I lead a busy and involved life, although more and more I’m reliving my childhood through the activities of my son Oskar! Together with my wife and Oskar, I enjoy the year-round wonders of the outdoors so close to Melbourne’s doorstep, while still hanging onto an inner city cosmopolitan life style, hopefully the best of both worlds. A bike, kayak, tent and xc skis are my most treasured possessions!

Karen Alpen
Trainer
"To handle yourself, use your head; to handle others, use your heart"
– Eleanor Roosevelt

I’m a Chartered Accountant with a Bachelor of Financial Administration and a Graduate Certificate in Management. With fifteen years of experience teaching accounting and bookkeeping as a part-time lecturer at a University and TAFE, I’m still loving my job.

I started my accounting career in Sydney with one of the world’s largest accounting firms, and had ten years of experience working in both the public and commercial accounting professions prior to commencing teaching. I understand the challenges of studying online, having gone back to university as a mature age student to complete an online Bachelor of Science. I’m now undertaking a Master of Science (Bioinformatics) at Melbourne University, so I empathise with students juggling work, family and study commitments.

What makes me jump out of bed each morning?

The long list of jobs I have to do each day… family, pets, work, study! When there is a spare moment, I enjoy walking, cycling, reading (not just textbooks!), fiddling around in the garden and painting/sketching.

Jenny Hargreaves
Trainer
"Believe you can and you’re halfway there."
– Theodore Roosevelt

I’m a registered BAS agent, holding vocational and tertiary qualifications in bookkeeping, accounting, training and psychology. I’ve had 28 years’ experience in the financial services industry. This has included multiple roles for a large Australian bank and a small Australian regional bank. I run my own bookkeeping company in NSW alongside my role as a trainer here at Monarch Institute.

What makes me jump out of bed each morning?

Nothing. I’m not a morning person! Once the first espresso of the day kicks in it all changes. As the ‘pawrent’ of two adorable dogs, I adopt their outlook on life. That is, live in the moment and always have a good stretch before doing anything. I enjoy singing really, really loud, living by the motto ‘just because I can’t sing, doesn’t mean I won’t’.

Melissa Nettle
Trainer
"Why fit in when you were born to stand out?"
- Dr. Seuss

I am the Manager of the Funded Accounting Programs here at Monarch Institute. Over the past 20+ years I have worked in various roles within the financial services industry including working as a trainer/assessor in Finance and Accounting, Bookkeeping and Business Administration courses.

I am a proud Mum of three beautiful daughters. In fact, I started and completed my accounting degree, online, whilst on maternity leave, so I can absolutely relate to the struggles involved with juggling being a Mum and studying full time.

I coach A-grade softball and I also coach my two youngest daughters’ Tee Ball team. Opposite ends of the spectrum and certainly challenging. I love it!

What makes me jump out of bed each morning?

Usually, having to wake my girls up to get them motivated and ready for school. Not an easy task! Also, my mind usually starts ticking over, at 100 MPH, at around 5:00 a.m. so I figure, why fight it? Just get up and make things happen!

Leanne Pagano
Trainer
"You are braver than you believe, stronger than you seem, and smarter than you think" A.A. Milne

I am a registered tax agent with qualifications in Accounting and Training and Assessment.  I have my own small practice that I have been operating for over 10 years.

I have worked in various roles in the finance industry – from working as a bookkeeper for small/medium businesses to accountant in CPA firms.  I have also been teaching for a few years now and love sharing my knowledge and passion with students who are new to the field.  I also love learning, and am currently completing my Bachelor of Accounting online.  I have total understanding and empathy for our students who undertake online studies, fitting in their daily lives with study.

What makes me jump out of bed each morning?

To be honest, I am not much of a morning person.  I need my cup of tea to get me going.  It is then the menagerie of animals that need to be fed, dogs, chickens, rabbits, budgie and one lone pigeon that ensure I am up and about.  That and, usually my daughter wanting a lift somewhere (hurry up and get your license!).  Then it is my love of learning and teaching that gets me motivated for the rest of my day.

Karen Loynd
Trainer
"Learning is a treasure that will follow its owner everywhere” Chinese proverb

I am an accountant with a Bachelor of Business (Accounting) and various teaching qualifications. I have approximately twenty years of experience teaching accounting and bookkeeping courses at a leading TAFE college. I have also taught online courses for several years and appreciate the challenges many online students face.

In addition, I have worked in various accounting and bookkeeping roles in public accounting. I enjoy helping and interacting with students in my role as a Trainer at Monarch Institute.

What makes me jump out of bed in the morning?

Helping people, whether it is students, family, friends or the wider community. I also enjoy tennis and having something fun to do.

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Accounting and bookkeeping courses.
For the real world.

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What accounting and bookkeeping course would you like to study?

Welcome – you’ve taken the first step towards your new career in the accounting and bookkeeping field! The future’s looking bright (check out our Industry insights below). First things first – let’s make sure you choose the right course. One thing they’ve all got in common? Monarch Institute courses are designed and delivered so you end up with real world knowledge and skills.

Find your course below. Not sure what course will suit you best? Get in touch with a course consultant today.

Accounting and bookkeeping courses

Monarch Institute is one of very few registered training organisations (RTOs) to offer the TPB (Tax Practitioners Board) approved courses required to become a registered BAS agent or a registered tax agent. We’re also included in a very select few accredited training providers listed by the world’s largest bookkeeping institute, the Institute of Certified Bookkeepers. In other words, they’re fit for what the industry is looking for.

Courses are delivered by skilled professionals, senior CPA and chartered accountants, registered BAS agents and bookkeepers. They have decades of combined experience across an extensive range of industries.

Study accounting or bookkeeping with us and you’ll get practical training that makes use of industry leading software, like MYOB and Xero. It’s all about making you job-ready from the moment you graduate.

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