How much will an accounting course cost you?

How much will an accounting course cost you?

How Much Is An Accounting Course?

Short answer: It varies.

Long answer: It depends on where you study, how you study and what you study.

Ok, so that wasn’t that much longer. Let’s take a few minutes and flesh that answer out a little more!

Basic accounting courses

payroll officer bookkeeper working on financial reports with calculator

Learning basic accounting principles costs very little at all. You’ll probably be able to pick up most of the essential principles by spending some time researching accounting online and taking the time to practice those skills and knowledge gained.

Some sites (usually government agencies or advertising-supported) have accumulated large databases of knowledge for your use. All it will cost you is your time and access costs for the internet.

If you’re not confident in your online research skills, or you’d like someone to package the accounting course for you, there are introductory accounting courses available for a small cost ($100-200 is quite normal).

These can easily be found online, but it’s questionable how much value they offer, compared to the free resources readily available.

Qualified accounting courses

accounting students studying budget management

You’ll find a big leap between basic accounting courses and those that offer you a genuine and valued qualification you can put on your resume while gaining advanced understanding of financial reporting, ethical practices when practising accounting for corporate entities, tax documentation, etc.

Most decent intermediate accounting courses that teach you real skills – like the Certificate IV in Accounting and Bookkeeping– run for around a year or two, full time.

The price also increases – you’ll pay around $1500 for a Certificate 4 in Accounting or $2000-$4000 for a Diploma of Accounting – but upon successful completion, you’ll have valuable skills and a real qualification.

You’ll gain analytical skills that’s vital for anyone who wishes to be in financial services. Learn how to prepare financial reports, head and advise financial planning efforts, oversee financial transactions for corporate entities, lead internal control procedures within the business, and report/interpret financial reports to stakeholders.

Unfortunately, if you’re an international student in Australia and don’t have access to Commonwealth supported places, tuition fees for these qualifications can be much higher. Do your research before you enrol!

Advanced accounting courses

financial report spreadsheet for income tax returns and tax documentation

Not satisfied with those options? Try a Bachelor’s Accounting Degree! Successfully complete this, and you’ll have the opportunity to develop an intimate knowledge of accounting, business degree, and high-level accounting skills over the normal 3-year full-time schedule!

Fees can run to $10,000+ per year for an Australian domestic student with access to HECS-HELP; and $20,000+ for international students.

You can also continue your education with post-graduate, master and doctoral studies in accounting. These can run for various lengths of time, anywhere from a semester to many years depending on your program and workload.

Enquire with a higher learning institution to find out their course fee structure for advanced degrees in accounting.

Online vs classroom study

study accounting and learn technical skills via classroom learning or online

One way to save money is to study your accounting course online. Free courses or cheap, basic courses are often run online anyway as it’s the most cost-effective method of delivery in most cases.

Once you start paying for quality Certificate IV in Accounting and Bookkeeping or Diploma of Accounting level courses, the difference between online and classroom-based tuition can be significant.

Taking a competitive online program can save you $100s or $1000s over face-to-face instruction. University degrees can also be cheaper when delivered online.

Many people also enjoy the non-monetary benefits of online education – flexible schedules and start date, less time spent commuting, self-paced learning, among others.

Online education does require you to be effective at time management and disciplined about completing your study.

Whichever option you choose, don’t forget all the little extra costs you need to add to your course expenses – textbooks, internet connections, computers, transport and/or parking fees, plus time spent travelling to-and-from from TAFE or university.

 

Career outcomes of your accounting studies

female accountant ready for financial planning

Which course is right for you? If you want to learn accounting for your own personal finances or to run your own small business, you’ll likely be able to learn all you need with online research or a basic accounting course.

However! If you’d like to formalise your accounting skills and earn a qualification that can be put on your resume, it definitely helps to get a Certificate IV in Accounting and Bookkeeping or better and work hard to develop your practical skills.

A recent conversation with a bookkeeping services company based in Australia revealed that they require applicants for their bookkeeping and accounting roles to have a formal qualification such as the Certificate IV in Accounting and Bookkeeping as a minimum qualification.

Additionally, they do their own testing of job candidates to evaluate skills, so it really pays to know your stuff — if you’re keen to make the most out of the career opportunities available, be diligent research!

Many companies will continue to invest in professional development for you and the rest of the team.

You can also pursue a broad range of training opportunities on your own – many people start with a Certificate IV in Accounting and Bookkeeping and then continue learning while they’re also working and earning an income in the accounting profession.

corporate female assigned to management accounting - public accountants

The Certificate IV in Accounting or Bookkeeping is the preferred entry path for the Diploma course, and students can then progress to an advanced Diploma and even university.

An accounting degree opens doors Depending on your major, this degree gets you ready for admission to CPA Australia, CAANZ, IPA. FPA, and the Tax Practitioners Board.

So choose a course that suits you and get stuck into it! You can’t finish if you never start and there is no time better than the present to get on your way to a new career.

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