Gain a Qualification with our Certificate in Accounting

Study an industry accredited qualification for only $25 a week – Interest FREE!

The Career Academy Certificate in Accounting

Manage your own accounts and earn a certificate to match your experience

Our certification will help you stand out in the job market with the practical skills to work in an accounts environment. Business owners will be able to put their skills to use and save on accounting fees. No prior experience necessary.

Get Qualified & Earn more. Download a FREE info pack now:

Key benefits 

  • The course content has been developed by highly certified chartered accountants in an easy to understand, digestible format.
  • Increase your competence and skills so you can manage business accounts and save money on accounting fees.
  • This course is accredited by the International Association of Accounting Professionals.
  • Try your hand at either the MYOB or Xero accounting software, your choice.
  • The Career Academy is a Xero Education Partner with Xero Learn – get up to six months access to Xero included with your course!

Potential Career Outcomes

The Career Academy’s Accounting graduates are often employed in small businesses or within the finance department of large-multinational companies. On completion of this course, you may apply for jobs such as:

  • Auditor
  • Bookkeeper
  • Accounting Technician

Career Projections

The availability of accounting-related roles in Australia is expected to increase resulting in over 84,000 job openings over 5 years. The salary range for Accounting Technicians is between $62,278 – 76,876 per year.

Sources: Seek, The Department of Education

This course is designed for

  • Employees in an accounts positions looking to climb the corporate ladder
  • Those expanding their accounting knowledge
  • Small businesses looking cut out the middle man

Qualification Information

Upon successful completion, receive Xero’s official advisor certification in addition to your course qualification

The Career Academy is a Xero Education Partner with Xero Learn

We are a leading xero course provider in Australia, study Xero today!

 

Course summary

Investment: $995 + GST or only $25 per week with our interest FREE payment plan.

 

Assessments: 9 modules / 9 assignments. Includes case studies, quizzes and written assessments

 

Duration: 90 hours (approximately 10 hours per module).  Learn at your own pace, but ideally complete one module per week

 

Access Time: You will have access to this course for up to 6 months until you complete

 

Delivery and support: Online with tutor support via email or phone

Certificate in Accounting modules

  1. The Accounting Equation
  2. The General Journals
  3. Understanding the Trial Balance
  4. Financial Statements – Profit and Loss
  5. Financial Statements – Balance Sheets
  6. Adjusting Entries
  7. Goods and Services Tax
  8. Accounting with Xero
  9. Accounting with MYOB Essentials
  10. Budgeting and Forecasting
  11. Invoicing Introduction to Accounting Software
  12. Cash Flow Management & Ratio Analysis

What our students say

★★★★★ “I have studied with Careers Academy 3 times now. I enjoy the course content, find it easy and clear to read and understand. I enjoy studying in my own time while I can still work full time.” – Courtney Ireland

This course is accredited by IAAP

Take your next step & get started today!

There are three easy ways to enrol

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Accounting and Bookkeeping Fundamentals

Learning Outcomes

By the end of this course you will be able to:

 

  • Explain the function and purpose of accounting.
  • State the different forms of accounting information.
  • Identify external and internal users of accounting information and how they would use the information.
  • List the steps in the accounting cycle.
  • Explain the key concepts and assumptions underlying accounting.
  • Explain the principal qualitative characteristics and their effect on financial statements.
  • Define the basic and expanded accounting equation and explain how it is connected to the double-entry method of accounting.
  • List the different account categories and the type of accounts associated with each category.
  • Apply the accounting equation and double-entry accounting when analysing financial transactions.
  • Distinguish between accounts receivable and accounts payable.

General Journal

Learning Outcomes

By the end of this course, you will be able to:

 

  • Distinguish between the various source journals.
  • Define general journals and their purpose.
  • Identify the key components of a general journal entry.
  • State what the chart of accounts is and what account categories are included in the Chart of Accounts.
  • Identify which account categories have a default debit balance and which have a default credit balance.
  • Prepare journal entries applying debit and credit rules.
  • Prepare journal entries for accounts receivable, accounts payable, wages and owners’ equity accounts.

General Ledger & the Trial Balance

Learning Outcomes

By the end of this course, you will be able to:

 

  • Outline the steps required to post from source journals to the General Ledger.
  • Post source journals to the general ledger.
  • Calculate the closing balances of general ledger accounts.
  • Prepare general ledger accounts.
  • Explain the purpose of a trial balance.
  • Prepare a trial balance.
  • Explain errors that can occur in the trial balance.
  • Explain how reconciling accounts can verify the accuracy of a trial balance.

Depreciation

Learning Outcomes

By the end of this course, you will be able to:

 

  • Explain what depreciation is and why it is used.
  • State what assets can be depreciated.
  • Distinguish between the Straight-line method and Diminishing Balance method of depreciation.
  • Calculate depreciation and prepare journal entries using the Straight-line method.
  • Calculate depreciation and prepare journal entries using the Diminishing Balance method.
  • Calculate the gain/loss on the sale of a depreciable asset.
  • Demonstrate how depreciation is recorded in the financial statements.

Adjusting Entries

Learning Outcomes

By the end of this course, you will be able to:

 

  • Distinguish between the cash basis and accrual basis of accounting.
  • Discuss the purpose of adjusting entries.
  • Identify the key adjustments and accounts involved in adjusting entries.
  • Interpret and prepare the balance day adjustments for a range of adjusting entries.

Financial Statements

Learning Outcomes

By the end of this course, you will be able to: 

 

  • Explain the purpose of the Profit and Loss Statement, and both calculate the totals of the accounts and categorise the accounts that are included in this statement.
  • State the common expense categories included in the Balance Sheet, and both calculate the totals of the accounts and categorise the accounts that are included in this statement.
  • Define what inventory is and distinguish between the two common inventory systems.
  • Prepare the journal entries that are required using both inventory systems.
  • Apply purchase and sales returns, and discounts allowances when preparing the financial statements.
  • Prepare journal entries for the opening and closing inventory.
  • Calculate the year-end stock adjustment.
  • Prepare the Profit & Loss Statement and Balance Sheet for a company.

Understanding GST

Learning Outcomes

By the end of this course, you will be able to:

 

  • Identify an overview of GST in Australia.
  • Recognise the major principles of GST.
  • Identify when GST registration is required.
  • Recognise the obligations a business has once they are registered for GST.
  • Identify the components of a valid sales invoice.
  • Identify what the term attribution means and how this affects the GST returned to the ATO.
  • Compare and contrast the cash basis and accrual basis for reporting GST.
  • Calculate the GST on a product or service.
  • Complete a basic BAS return.

Fundamentals of Income Tax

Learning Outcomes

Once you have completed this course, you should be able to:

 

  • Explain the difference between a company and a sole trader.
  • Explain what a TFN is.
  • Explain what is meant by a “self-assessment” tax system.
  • Identify what assessable income consists of, and why the residence of the taxpayer and the source of the income is important.
  • Provide an overview of the four income types; ordinary, statutory, exempt and NANE income.
  • Explain the various types of income, including exempt income, excluded income and assessable income.
  • Outline what factors influence whether an amount of income is ordinary income or not.
  • Highlight the key income tax differences between residents and non-residents.
  • State the source of income for a range of common types of income.
  • Briefly explain why when income is derived is important in respect of calculating income tax.
  • Outline the difference between general deductions and specific deductions and provide examples of each.
  • Identify the specific rules for deduction in repairs, borrowing expenses, bad debts, tax-related expenses and entertainment.
  • Calculate taxable income.
  • Reconcile accounting profit to tax profit.
  • Explain the difference between the accounting profit and tax profit.
  • Prepare a basic tax return for an individual.
  • Prepare a basic tax return for a company.

Accounting with Xero

Learning Outcomes

By the end of this section you will be able to:

 

  • Explain cloud computing and the benefits of using Xero.
  • Identify how to get started with Xero.
  • Recognise the difference between the Demo Company and other companies you may set up in Xero
  • Recognise and navigate your Xero Dashboard.
  • Demonstrate an understanding of how bank feeds work.
  • Explain the purpose of bank reconciliation and how this works in Xero.
  • Understand how overpayments and prepayments are treated in Xero.
  • Apply the various bank reconciliation options including create, transfer, match & discuss.
  • Understand how to create and apply bank rules to a range of transactions.
  • List the different invoice types available in Xero and describe each of their definitions.
  • Identify the customisable details that present on an invoice.
  • Identify the two customer statement types.
  • Summarise how to create invoices, quotes, repeating invoices and credit notes.
  • Summarise how to customise templates and apply branding themes.
  • Differentiate between tracked and untracked inventory.
  • Describe the process of adding new inventory items.
  • Explain the processes for managing bills, repeating bills and credit notes with Xero.
  • Convert source documents to bills, repeating bills and credit notes.
  • Apply payments and partial payments to bills.
  • Describe to how perform batch payments and send remittance advice.
  • Summarise how to modify payments to bills made in error.

Accounting with MYOB Essentials

Learning Outcomes

By the end of this section you will understand how to:

 

  • Describe what MYOB Essentials is.
  • Identify the functions you can perform in the software.
  • Explain cloud computing.
  • Recognise the system requirements for this software.
  • Recognise the important elements of the Dashboard.
  • Identify the Banking area of the Dashboard.
  • Outline how to set up and manage bank feeds.
  • Outline how to manually import bank statements.
  • Identify the bank transactions page and perform the different functions on this page.
  • Describe how to match bank transactions.
  • State how to allocate bank transactions and create allocation rules.
  • Explain bank reconciliations in Essentials.
  • List why contacts are created.
  • Identify how to create and manage contacts.
  • Explain how to find a contact via filtering or sorting.
  • Explain how to use contacts in transactions.
  • Prepare quotes.
  • Locate the Invoice page and where to view them.
  • Prepare invoices.
  • Locate the customer invoices report.
  • Prepare customer payments.
  • Prepare customer returns.
  • Process customer returns.
  • Locate the sales history page.
  • Prepare customer statements.
  • Explain what items are and where they can be accessed.
  • Produce new items and modify current items.

Budgeting, Forecasting and Cashflow Management

Learning Outcomes

By the end of this course, you will be able to:

 

  • Identify what a budget and a forecast is and the difference between them.
  • Recognise the importance and advantages of budgeting.
  • Know how to prepare a budget.
  • Understand how to compare with actual results and analyse variances.
  • Identify what a cashflow budget is.
  • Explain what the cash conversion cycle is and how to manage it.

Financial Statement Analysis

Learning Outcomes

When you have completed this course, you should be able to:

 

  • Identify the purpose of financial statement analysis.
  • Recognise what horizontal analysis is.
  • Analyse financial statements using the horizontal analysis approach.
  • Identify what ratio analysis is.
  • Identify the four main categories of ratios.
  • Compare the benefits and limitations of ratio analysis.
  • Define and calculate profitability ratios.
  • Define and calculate activity ratios.
  • Define and calculate liquidity ratios.
  • Define and calculate financial ratios.
  • Analyse financial statements using ratio analysis.

Accounting using Microsoft Excel

Learning Outcomes

By the end of this course, you will be able to:

 

  • Access and save excel templates.
  • Demonstrate how to open an Excel file and save this using a specific name.
  • Identify and apply formulas and functions to calculate data.
  • Demonstrate how to add content, such as pictures and charts, to spreadsheets.
  • Apply filters to spreadsheet data.
  • Demonstrate how to sort and manipulate spreadsheet data.
  • Apply a range of formatting styles to spreadsheet data.

Developed by Industry Professionals

David-Parasol

David Parasol – Senior Accounting & Bookkeeping Tutor

David Parasol is the managing director of CT Solutions Australia Pty Ltd. Before establishing CT Solutions Australia, David spent over 12 years in Public Practice, starting his accounting career in 1994 with a small firm where he became an Associate in 1999. When working with The Career Academy, he is one of our Senior Tutors & an Accounting Software Experts. David has extensive experience in taxation, accounting and business services and is a Director and Shareholder of The Career Academy PTY Ltd. He is also a highly accredited and experienced CA mentor and accounting software trainer. He has been a tutor for Open Colleges Australia and is a Chartered Accountant and member of CAANZ.

Ridge Selvaraj

Ridge Selvaraj – Head of Department

Ridge works as a tutor at The Career Academy, with a Bachelor of Business (Accounting) from RMIT University in Melbourne, Australia. He intends to use his Degree and experience as a previous bookkeeper to help and assist students achieve a career in accounting. Previously, working as a tutor for his university. Ridge brings a depth of knowledge and skills that are available to students. Ridge is passionate about education, art and helping people reach their goals.

Ridge loves The Career Academy’s vision to make education easy, accessible and at the same time to provide quality education to students.

Eddie-Callahan

Eddie Callahan – Accounting & Bookkeeping Tutor

Eddie is an aspiring accountant who recently finished his Bachelor of Commerce majoring in Accounting and Commercial Law at University. Throughout university and more recently he has worked in several fields including the trades, factories and retail banking. Tutoring for The Career Academy allows Eddie to not only upskill his own knowledge but to also give back in a rewarding role and help others gain a better knowledge of the commercial world. He was the Head boy of his High school, nominated by his peers to help lead and guide them. He is a keen surfer and rugby player with a passion for fitness. Currently living in Melbourne, Eddie enjoys the big city life along with the amazing food and its diverse multicultural atmosphere. Given Eddie’s sociable nature, a perk of working for The Career Academy in a tutor role is that it allows Eddie to interact with students every day who are passionate and willing to learn.

Jimmy - Cropped

Jimmy Nguyen – Accounting & Bookkeeping Tutor

Jimmy has worked in a variety of different fields including research, teaching, engineering and has even worked overseas in Shanghai. In order to challenge himself, Jimmy completed his Graduate Diploma in Accounting and has worked for a global accounting firm where he has advised client’s on their financials as well as perform other bookkeeping duties. Jimmy uses his significant accounting and bookkeeping knowledge to help accounting and bookkeeping students succeed.

boris-nandi

Boris Nandi – Accounting & Bookkeeping Tutor

Boris works as a tutor here at The Career Academy. He currently holds a Bachelor of Commerce (Accounting) and a Bachelor of Business (Finance) from the University of South Australia and is working towards achieving a Master of Marketing at Monash University therefore making him very well versed in all aspects of Business. In addition to this, Boris also runs a business called Resume Hub (https://resumehub.net) where he helps students attain employment thus validating his passion for helping students reach their potential.