• Best of luck to the class of 2024 for their HSC exams. You got this!
    Let us know your thoughts on the HSC exams here
  • YOU can help the next generation of students in the community!
    Share your trial papers and notes on our Notes & Resources page
MedVision ad

Why does everyone major in accounting? (1 Viewer)

Cookie182

Individui Superiore
Joined
Nov 29, 2005
Messages
1,484
Location
Global
Gender
Undisclosed
HSC
N/A
BackCountrySnow said:
well i want to go into public policy or dept. of trade and foreign affairs so it would be different.
definately. But you obviously have a fair idea of exactly where you want to be, for the average commerce student who is still unsure i think accounting is a good, broad and safe option.
 

shoxgeneration

*pamplemousse
Joined
Jan 30, 2006
Messages
393
Gender
Female
HSC
2006
Cookie182 said:
in fact, this area of Forensic Accounting seems very appealing- particularly as im doing a law degree as well. Anyone know much about it? Any one work in it?
hey yea i work in forensics - it does sound very interesting aye? haha, i found out about it in first year in like those accounting pamphlets.
 

-Anfernee-

Member
Joined
Jun 28, 2008
Messages
350
Gender
Male
HSC
2007
Cookie182 said:
now im doing first year accounting its damn interesting, especially when you can pull out your parents accounting statements etc for their small business and understand exactly what is going on, do your own tax return, im definately considering majoring in it

in fact, this area of Forensic Accounting seems very appealing- particularly as im doing a law degree as well. Anyone know much about it? Any one work in it?

lol, you don't need to major in Accounting to do that.

but in respone to the thread topic. I guess I will definitely consider majoring in Accounting.
 

Ralph

The Don
Joined
Feb 10, 2004
Messages
140
Gender
Undisclosed
HSC
N/A
BackCountrySnow said:
I mean, it sounds really exciting and all lol.
But really, why?
Because the rest of the majors except Finance and maybe Marketing are bullshit
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
10,059
Location
Sydney, Australia
Gender
Male
HSC
2005
Uni Grad
2009
Vagabond said:
I'm currently an auditor and I've spent the last week analysing the robustness of provisions under AASB137 and researching the general banking and capital market environment to develop independent expectations on business performance.

eheheheeee..... I spent the past week buying a printer, researching the purchase of a projector, and finding out about some dodgy guy who was rorting a client.
 

Minai

Alumni
Joined
Jul 7, 2002
Messages
7,458
Location
Sydney
Gender
Male
HSC
2002
Uni Grad
2006
Yeah I'll put my hand and say yep I thought I'd never do accounting, ever, when I first started at uni...and at the end of first year I transferred from economics to commerce majoring in accounting!

Fast forward a few years and I've been working at EY as an auditor for over 2 years and as seremify and vagabond would attest to, what "accounting" grad can do is really diverse.

A couple of weeks ago, I was at a "large casino" in Sydney at 3am (well..there is only one..) observing how cash is dropped from the table games and how the cash gets transported to the count room and eventually the main vault. The sight of close to $3 million is $100 notes was the highlight of my night/morning lol...

I guess the moral is, most people don't decide they want to be an accountant when they finish school, I guess some people (like myself) simply fall into it as they don't really know what else they can do (I could never do anything finance related), as a career, it isn't all that "boring/nerdish/crap" as first thought by many when leaving school.
 
Last edited:

latvia

Member
Joined
Oct 1, 2006
Messages
346
Gender
Undisclosed
HSC
N/A
Do you enjoy ur job, Minai? Is it realllly intense as one would expect an accounting-related job to be?
 

Bobness

English / Law
Joined
Aug 7, 2005
Messages
1,656
Location
Sligo
Gender
Male
HSC
N/A
Minai said:
Yeah I'll put my hand and say yep I thought I'd never do accounting, ever, when I first started at uni...and at the end of first year I transferred from economics to commerce majoring in accounting!

Fast forward a few years and I've been working at EY as an auditor for over 2 years and as seremify and vagabond would attest to, what "accounting" grad can do is really diverse.

A couple of weeks ago, I was at a "large casino" in Sydney at 3am (well..there is only one..) observing how cash is dropped from the table games and how the cash gets transported to the count room and eventually the main vault. The sight of close to $3 million is $100 notes was the highlight of my night/morning lol...
That actually sounds pretty cool.

/Springs the birth control joke on you.

Life seems beautiful post-UNSW.
 

Minai

Alumni
Joined
Jul 7, 2002
Messages
7,458
Location
Sydney
Gender
Male
HSC
2002
Uni Grad
2006
latvia said:
Do you enjoy ur job, Minai? Is it realllly intense as one would expect an accounting-related job to be?
It has its downs (such as now...as its "busy" season when all 30 June year-end companies need to be audited), which means working longer hours, however, yes I do enjoy it most of the time. In terms of being intense..it does vary - some clients are small, and as such we have tighter budgets and hence must do lots of work in little time, and other clients might have tight reporting deadlines (US subsidiaries for example), but outside of that, no its not intense.

The positive thing about audit in my opinion is that its harder to get "sick" of what you're doing, cause you're not chained to the one desk every day. For example one week I might be at a casino, the next week at an international music label, the next week a multinational software company - hence the work varies since the accounts and issues you are researching and auditing depend heavily on the client's industry.

Bobness said:
That actually sounds pretty cool.

/Springs the birth control joke on you.

Life seems beautiful post-UNSW.
heh, wouldn't say beautiful...my weekends are essentially snuffed out by the damn CA program more often than not, but there is light at the end of the tunnel
 

jessi90

Member
Joined
Jan 10, 2008
Messages
235
Gender
Female
HSC
2008
what exactly is 'auditing'? and yes ive tried googling it
 

latvia

Member
Joined
Oct 1, 2006
Messages
346
Gender
Undisclosed
HSC
N/A
Thanks Minai.. that's really interesting! Who said accounting is boring? :) And it's cool that u keep an optimistic, mature attitude.
 

latvia

Member
Joined
Oct 1, 2006
Messages
346
Gender
Undisclosed
HSC
N/A
jessi90 said:
what exactly is 'auditing'? and yes ive tried googling it
you "check" the financial reports (balance sheet, income statement, etc depending on the agreement with ur client) to see if they are "true and fair" in accordance with, for example, the accounting rules (AASBs)
 

vs2328

New Member
Joined
Jun 8, 2008
Messages
16
Gender
Female
HSC
2008
approximately how much do auditors earn a year?
my cousin works at earnst and young however i havent had the chance to ask her.
 
Joined
Jan 26, 2005
Messages
372
Gender
Male
HSC
2004
vs2328 said:
approximately how much do auditors earn a year?
my cousin works at earnst and young however i havent had the chance to ask her.
dumb question, its like asking how much does a trader earn.

For an auditor it depends on 1) are you referring to internal or external, position, firm etc. A grad would usually expect about 40-50, it then increases as you gain more experience obviously.
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
10,059
Location
Sydney, Australia
Gender
Male
HSC
2005
Uni Grad
2009
ifsonotso_100 said:
dumb question, its like asking how much does a trader earn.

For an auditor it depends on 1) are you referring to internal or external, position, firm etc. A grad would usually expect about 40-50, it then increases as you gain more experience obviously.
It's probably alot easier to ask how much an auditor earns though... our salaries tend to be a little bit more "fixed" unfortunately.

Traders on the other hand...
 
Joined
Jan 26, 2005
Messages
372
Gender
Male
HSC
2004
seremify007 said:
It's probably alot easier to ask how much an auditor earns though... our salaries tend to be a little bit more "fixed" unfortunately.

Traders on the other hand...
yeah thats true but even still there's a big disparity between a grad and what a senior partner would be earning at a large firm. Though the diff won't be as much as what a top trader and a newbie trader would be earning I'll admit lol
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top