ASA+ 2020 Publication by Accounting Students Association Macquarie University

MACQUARIE UNIVERSITY STUDENT GROUP OF THE YEAR 2019

MAKE THE MOST OF YOUR DEGREE CAREER BUILDING TIPS AND TRICKS JOB OPPORTUNITIES

Contributors

Nicole Cheng Darren Sutrisno Kingston Wong Alec Ma Keith Jiang Kerry Ngo Chris Oidem Vanessa Leonardo Modaser Gheyasi Karl Mabulay Long Fa Collin, Teo Shane Silva Amylou Chakuzira Bada Lee Damian Sutrisno William Noh

Editor

Alec Ma

Design & Layout Nicole Cheng Alec Ma Kerry Ngo

Special thanks to:

EY; Grant Thornton; ShineWing; Chartered Accountants ANZ; Linus Poon; & Jessica Lu whose support has made this publication possible.

Disclaimer

The views and opinions expressed in this publication do not necessarily represent those of the Accounting Students Association or Macquarie University. Although the Editors have taken every care in preparing and writing the Guide, they expressly disclaim and accept no liability for any errors, omissions, misuse or misunderstandings on the part of any person who uses or relies upon it. The Editors, Accounting Students Association and any persons related to this publication accept no responsibility for any damage, injury or loss occasioned to any person or entity, whether Accounting Students Association members or otherwise, as a result of a person relying, wholly or in part, on any material included, omitted or implied in this publication.

PRESIDENT'S WELCOME Welcome to the second edition of ASA's annual university and careers guide. This publication was compiled by a group of dedicated and hardworking students with the purpose of highlighting the numerous opportunities available to their peers at Macquarie University. At ASA, we understand and have personally experienced the highs and lows of university and the stress of figuring out what is next. Our publication is an extension of our mission to help students navigate the transition from high school to university and to the start of their professional careers. We aim to bridge the gap between professionals and students by bringing you quality content with the much appreciated help of our sponsors and ASA alumni. Whether you are in the first year of your degree or the last, we hope that this guide is able to provide you with some insight into the range of opportunities and resources available while you are at university. Lastly, I want say a massive thank you to all our members, sponsors and alumni for their continual support of ASA and all our endeavours. Following on from a highly successful 2019, where the Accounting Students Association was voted Student Group of the Year, we hope to continue our positive impact on student life and engagement on campus. On behalf of the team at ASA, we can not wait to show you what else we have planned for 2020! Happy reading!

..ddNicole Cheng | President, Accounting Students Association

EDITOR'S NOTE While time spent at university is a fond memory and a happy experience for most, university life can also be a huge challenge for students whether they are just starting out or in the last few semesters of their degrees. Every student’s situation is unique, but there are a few problems that almost all university students deal with at least once while completing their degree. More so, university study takes effort, hard work and dedication, but it can be very achievable with plenty of support available. ASA understands that it is daunting for most students and wishes to help relieve some of this stress by releasing a university and career guide full of useful information on how to maximise your time at uni. This publication has been designed by students for students; giving an opportunity to look beyond university with a range of relevant topics such as: Being well rounded; Network Building; How to write a resume; and Possible job opportunities and where to find them. Through the dedication of the ASA team, they have done their best to bring you tips and tricks in all areas covered throughout the publication so that you can make the most of university life. ASA wishes all students the best of luck in completing their degree and/or finding a new job.

Alec Ma | Marketing & Publication Director, Accounting Students Association

WHO, WHAT, WHY ASA? Accounting Students Association Macquarie University (ASA) is a student run society providing a mix of social and professional events to encourage the personal and professional growth of its members.

Who The Accounting Students Association (ASA) is a faculty based student society at Macquarie University. Our objective is to provide social and professional events and workshops that add value to our student members, which will aid them in achieving their personal and professional endeavours. Through partnerships with external organisations, we connect our members with industry professionals and resources that will enhance their knowledge, wisdom and business experience.

What Founded in July of 2010 from a handful of accounting students, we are eager to develop and create a community - with the main focus to provide benefit and opportunities to its student member base.

ASA’s original focus was in providing workshops, seminars and connections with Macquarie University’s accounting department as well as a gateway to professional accounting bodies, institutions and organisations. These opportunities sought to aid its student members in self-development, garner knowledge and a unique skill-set to set them apart from the others and propel themselves forward in prospective career objectives.

Over the years, ASA has slowly developed its professional connections and network to be able to provide hands-on MYOB and Xero workshops, interview preparation and resume workshops, as well as networking sessions and information sessions presented by industry professionals, alumni and professional services institutions and organisations.

Why Overall, ASA opens up a wealth of opportunities for all kinds of students in terms of our event offerings, publications, and sub-committee recruitment. To gain priority access to all of our events and resources, simply sign up at O-Week or on asamacquarie.com and then pay the $5 membership fee at O-week or one of our events.

In addition, ASA offers all students the opportunity to contribute to our work by joining our team of executive and committee members. By joining our subcommittee, students can further their personal development, add to their CV, potentially progress to an executive or committee member role, and make deeper connections with student peers, sponsors, and other stakeholders.

To keep updated on sub-committee recruitment and everything ASA, you can also talk to us in person at these events or ‘like’ our Facebook page.

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HOW TO JOIN OUR SUBCOMMITTEE Keen to maximise your university experience? Join ASA’s sub-committee team! Find out why and how here. But First, What is the Sub-Committee?

Why Should I Join?

Our sub-committee generally comprises of ASA

Becoming a part of ASA’s sub-committee team offers a

members who help to plan, promote, and run ASA’s

wide range of benefits to students. A fantastic

events and the society in general. When applying for a

opportunity for personal development, sub-committee

sub-committee role, students have the opportunity of

members can enhance their skills and knowledge.

joining one or more of our Secretary & Events (S&E),

Becoming a team player, clear communicator, and savvy

Marketing & Publications (M&P), Human Resources (HR),

problem solver are some of the key attributes which

or Treasury (T) teams.

ASA can help you to improve upon. Such skills are of great value to employers. As such, your time at ASA is

What Does This Involve?

an experience which you can add to your CV to

The role of a sub-committee member varies based on

differentiate yourself from other candidates when

what team they join:

applying for jobs and internships.

The S&E team plans and executes both professional and social events. Members brainstorm and develop

The potential to progress from being a sub-committee

new event initiatives for ASA, ensuring that our

member to either a committee or executive member

sponsors’ needs are met efficiently and effectively.

after one semester also provides the opportunity to further develop your leadership skills. Executive

The M&P team promotes ASA’s events and

members in particular play a significant role in leading

operations. Members regularly update our social

the S&E, M&P, HR, and T teams. Notably, elections for

media, publications, and website, as well as

executive positions run in July of each year at our

photographing and filming events. They also

annual AGM.

frequently create graphic designs on Canva and may assist with lecture bashing for ASA.

Joining ASA’s sub-committee also allows you to give back to and be more engaged with your community. By

The HR team maintains team morale and cooperation among ASA’s team members. Members assist with recruitment activities, team inductions, performance reviews, conflict resolution, and plan internal events.

The T team manages all financial matters of ASA. Members maintain the financial stability of ASA and ensure all revenue and expenditure is accounted for.

6 | ASA+ 2020

frequently collaborating with others, members are able to befriend and more closely connect with student peers as well as industry professionals, job recruiters, sponsors, and other stakeholders related to ASA.

How do I join?

Have more questions?

ASA typically recruits sub-committee members at the

For any other queries about our recruitment process,

beginning of Sessions 1 and 2 each year. Information

we encourage you to talk to one of our friendly ASA

about when applications are open is usually advertised

executive or committee members at O-Week or at an

on our Facebook page and in various Facebook groups

ASA event. Otherwise, feel free to contact us through

in weeks 1-2 of these semesters. When applying, you

our Facebook page: simply search â&#x20AC;&#x2DC;asamqâ&#x20AC;&#x2122; to find us.

will need to fill out a short online application and may also be required to do an interview. ASA lets all applicants know about the final outcome at the end of the process, with successful candidates being given an offer to join our team.

Any requirements? No experience? No worries! The only requirements for Sub-Committee members are: Be a current Macquarie student; Have at least 6 months left on your degree; Be able to spare a minimum of 2 hours per week.

The ASA team preparing the BBQ ahead of a sponsored event

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EXECUTIVE TEAM 2019/20 The executive team plays a crucial role in running ASA, by leading the Secretary & Events, Marketing & Publications, Human Resources, and Treasury teams.

Nicole Cheng

Kingston Wong

Darren Sutrisno

President

Vice-President

Keith Jiang

Alec Ma

Grace Chou

Human Resources

Marketing & Publications

Secretary & Events

Ibrahim Kazi Treasury

THE IMPORTANCE OF BEING WELL ROUNDED Are you a well-rounded student? One who is academically prepared but is also active outside the classroom? Your GPA is not the only thing that employers look at when hiring candidates for their positions. They look for individuals that have broader knowledge outside of their curriculum and strong soft skills. This article will give you some ideas of what you can do that will help you become a more well-rounded individual.

Grades

Student Societies & Sport Clubs

Grades are a priority regardless of what other activities

There are various student societies or sports clubs that

you are involved in. Try your best academically.

matches every student's interests at Macquarie

However, getting involved in extracurricular activities is

University. Professional and social student societies are

just as important as it helps students expand their

a great way to meet new people, network and develop

network, which may be beneficial in finding career

your skills. These associations are an opportunity to

opportunities after graduation. You can explore your

meet like-minded people that will become your peer

interests and engage in productive studying breaks that

support system during your academic career, as well as

will build up essential soft skills such as work ethic, time

give you an opportunity to contribute to the university

management and conflict resolution. Find a balance,

community. It will awaken new talents and build on your

challenge yourself, and enjoy university. Commit and

existing skill sets. Both active participation in student

excel at a few extracurricular activities, this will

societies and sports clubs look great on your resume

demonstrate commitment. Employers look for quality of

because they show commitment, teamwork, leadership

commitment, not quantity. Your participation in

and community involvement. Societies are an awesome

extracurricular activities outside of academics can

way to make the most of your university experience,

demonstrate soft skills that employers look for when

and to put in your resume.

deciding candidates for the role they are hiring.

Student Representative Committee Macquarie Mentors

The SRC works closely with the students and staff of

Macquarie University Mentors provide ease for new

Macquarie University. They represent and advocate the

students in transitioning into university life. It is the

interests of both undergraduate and postgraduate

perfect extracurricular opportunity to make friends,

students. They organise and fund events, activities and

while developing your skills that all employers look for;

initiatives that enhance students’ experience, ranging

such as teamwork, leadership, commitment and

from academic policies to social events such as O Week

communication. If you’re interested, this opportunity is

and RE:Conception. If you’re at least in your 2nd year

available for students in their 2nd semester and

and interested in advancing the education, culture and

onwards.

wellbeing of the student community, this is the perfect opportunity for you. 9 | ASA+ 2020

Global Leadership Program

Jobs & Internships

The GLP is a university funded program taken alongside

Hard skills are job-specific skills and knowledge that are

any Macquarie degree open to all students. The

generally attained through education and training.

program is made up of workshops, keynotes and

However, soft skills are transferrable and are essential

practice experiences that helps students develop skills,

regardless of the job you’re working at. Gaining work

cultural and global issues awareness and competence to

experience, regardless of whether it is in the field of

become a collaborative and consultative global leader. It

your chosen career or not, is valuable. For example

is an opportunity to build networks and gain practical

communication skills and teamwork that can be gained

experience before you graduate.

from a customer service role is easily transferable to the professional services sector. There are opportunities to

International Exchange Programs

develop your soft skills over time that will make you a

Never get the chance to travel? Macquarie University

more well-rounded individual.

offers short term or full-semester exchange programs with a number of international universities. It is the

Begin with a job you are qualified for, and as you are

perfect opportunity to enrich you university experience.

further in your academic career, apply for internships.

These programs allow students to experience new

Starting early may also help you determine whether

cultures and traditions that could help them develop

your chosen career path is the right one for you.

new skills and competencies. It is a chance to meet new

Macquarie University’s Career Hub website gives

people and enriching your

student’s access to career events, internships and job

cultural and global

listings. For further information visit:

awareness.

https://students.mq.edu.au/experience.

Volunteering Volunteering during your spare time is also an amazing opportunity to give back to the community. It is personally rewarding and also contributes to your resume. It demonstrates community engagement, awareness of social issues and willingness to help others. Pick something meaningful to yourself so you enjoy your experience.

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Students learning more about career opportunities at an ASA event

INTERVIEW WITH JESSICA LU Secondly, honing communication skills and interpersonal skills throughout my time as Vice President has been crucial to my current graduate role. Within my role, I'm required to communicate directly

Jessica was the Vice President of ASA in 2018/19 and is now a graduate at KPMG. She is excited to share with you how her time at university and experiences with ASA has helped her personal and professional growth. How did your previous work experience and being a part of ASA help you in your current graduate role? Working as an associate at a Big 4 firm hasn't been free of challenges (as I'll touch on later), however, there have been certain challenges that I've been able to take control of and put to rest given my previous work experience, inclusive of serving on the ASA team.

Firstly, serving on the ASA team has provided a plethora of experience of managing and working within teams. Working within a professional services environment, the majority of work is completed within different teams with ever changing team-members respective to the specific engagement. Similarly, within ASA, serving as a Vice President, I was required to work hand-in-hand with executives on the team in assisting the President manage several teams concurrently to meet and adhere to certain task deadlines. The continual and ever-changing nature of working within teams, understanding their roles and responsibilities and further, grasping team strengths and weaknesses, ultimately gained at ASA, has allowed me to seamlessly shift into teamwork in my current role.

with clients, both face-to-face and through online mediums. Liaising with ASA's sponsorship representatives and serving as a core communication touchpoint for members and non-members - through both professional and casual networking events has overall really enhanced my confidence and ability to liaise directly with clients without fear or hesitation. It's a skill that I can say that I've gladly learnt directly from ASA and should I have my time again, I wouldn't hesitate to be part of the team.

What have been some of the challenges and benefits of your current graduate role? Touching on a couple of challenges of my current graduate role, the first one would have to be being thrown into the deep-end from the get-go. From very early on in the graduate role, you're thrown into tasks and responsibilities that really underpin your value to the firm - you won't be questioning your value or worth for sure! However, a great silver-lining for this is that the development opportunities you gain are above and beyond what other firms could offer. Learning firsthand what it takes to succeed within a successful work environment stimulates your personal growth exponentially, and by the end of a few years, you'll definitely be able to identify how far you've grown in such little time.

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Another challenge would have to be the ability to

A crucial consideration for me individually is whether I

dedicate countless numbers of hours to work on a

see myself enjoying the work. You could be in a role or

continual basis. This goes somewhat hand-in-hand with

the same division for either a couple months to possibly

the aforementioned challenge, however, the amount of

your entire career, regardless, it's all about your

work you're required to put in, even as a Graduate can

enjoyment. If you simply do not enjoy the work, you

be surprising to say the least. Some days I'm working a

won't find it rewarding nor would you be intrinsically

couple hours past 5 and spending time in the early

motivated to perform, grow and learn. If you find

hours of the morning commuting to client offices. These

enjoyment, you'll be motivated to perform to the best of

hours do have a toll on the body, however as

your abilities and grow beyond your current capabilities

mentioned previously, it's the autonomy and wide

and find self-fulfilment, which over an entire career, is

range of responsibilities that you're given as a graduate

of the utmost importance. Personally, gaining some

that makes you feel part of the team and part of the

experience as an intern within the field you wish to

firm. Pushing yourself past your boundaries is where

work within may prove beneficial in aiding your long-

you'll be able to find growth, and I can say gladly I've

term decision.

been tested, however, have no regrets for the benefit of personal and professional growth.

Secondly, another consideration on deciding a future career path would have to be the level or amount of

Quickly touching on another benefit, it would have to be

progression you'll be able to attain. The last thing you

the amazing culture. I know, I know, it's what they all

want is a career with a dead-end with no room to grow

say - however, being part of the firm firsthand, I've been

or develop. Stunting your professional and personal

able to experience first-hand the culture, that is both

growth is where you'll find no self-fulfilment and

inclusive and diversified. It makes me feel cared for,

further, where you lose interest in your chosen career

valued and further, just promotes a healthy work

path. Being able to consistently challenge yourself

environment. I'm not spending hours dreading work

intrinsically and maintain progression upwards can

nor am I spending hours worried about job

remedy several goals and motivational purposes which

performance. It's all about teamwork, open

over a long timespan, is crucial.

communication and taking responsibility and for me, it's ultimately one of the most important deciding factors in

However, there are so many opportunities available

whether you remain in the company for the long term.

nowadays, so ultimately choosing the right path for yourself may prove difficult. But the good thing is, we're

What are some important considerations when deciding on

still young and we still have the ability to move laterally

a future career path?Â Â

and dip our foot into alternative careers - it's all about

There are definitely quite a few considerations when

seizing the chances when they arrive. Don't waste any

deciding on your career path. However, I believe that an

time! If you truly don't think your current career path is

individuals considerations for where they wish to work

right down the line, the opportunity for secondment is

can vary between individuals and as such, I'd

always available and consistently growing.

recommend initially, to discover what you find important to yourself intrinsically.

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NETWORK BUILDING: WHY DO IT? Why Is It Important? Networking is an important tool which all students can use to secure their future career prospects. It is the process by which professionals establish meaningful relationships with each other, creating communication

How Do I Do It? For effective networking, consider these five key tips: 1. Consider your VIPS (Values, Interests, Personality, and Skills) to determine what you want your personal brand to be.

chains or ‘networks’ to exchange advice and foster connections. These networks often develop through an individual’s education, employment, industry or colleagues. Individuals often find that by growing their networks, more opportunities are open to them whether it be social or career wise. The first step to

2. Based on your VIPS and personal brand, create an ‘elevator pitch’. This involves coming up with a brief but persuasive speech that can clearly promote your value to someone you are meeting for the first time e.g. an employer.

networking is to have an effective personal brand to convey who you are to the connections you wish to develop and continue.

3. Research companies and find out the skills they are seeking. Reading the news is a good way to learn more about your industry and to come up with good

Personal branding conveys your identity and

conversation topics for networking.

distinctiveness as an employee, by showing what value you can offer to others. This is often done by your workplace performance, LinkedIn and your mannerism and elevator pitch when interacting with others. A strong personal brand allows yourself to be noticed by others in your network both within and outside of your workplace. It becomes the image you want to present to

4. Be confident, introduce yourself, and help others. It is always daunting to meet a stranger, let alone a room full of them. A good tip would be to seek out another attendee standing on the sideline and introduce yourself to them; or if you are with a group, invite others to join in on the conversation.

others in the professional world, especially potential employers who would be envisioning whether you would fit their team based on only a limited understanding of what you are like. To have an effective network of people you can communicate with requires

5. Focus on the quality rather than the quantity. Be engaged and take the time to genuinely learn more about the other person rather than trying to meet as many people as possible.

that they can see what value you can bring and what your identity is, as shown through your personal branding.

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When and where? Realistically, we are developing networks and conveying a personal brand every single day when we interact with others. Whether it be your neighbour, barista, a fellow university student, lecturer, a family friend, or work colleague, you are continually shaping your reputation in the community when forging relationships with others. As such, you should always be conscious that how you act in- person and online around others can

ASA outdoor networking event

impact how third parties perceive you and whether they want to include you in their networks.

However, there are particular times and places where we can focus primarily on using our personal brand when networking to create career opportunities for ourselves.

Examples include at: University career fairs and professional development programs, which are usually announced in your student emails; Accreditation body events, such as CA’s Employment Evening; Accounting firm information sessions such as ASA's on campus networking events with major professional services firms, which enables students to network with members of the business and to develop their skills.

Further Resources A key resource in this area is Macquarie University’s CareerWise, which is available online for MQU students. In general, it consists of several modules that explore your career options, looking into your self-development and exploration and career ideas. CareerWise also provides a module on improving skills that will get you ready for work through success boosters, tips on work experience, the advice of employers requirements, and networking. Finally, it helps students take the final steps of achieving a job by providing students with CV/Resume tips, advice on selection criteria, tips on cover letters, provides testing, job interview tips, and knowing your workers’ rights.

For further help from the Career and Employment Service, students may participate in in-person workshops or book an appointment with a careers advisor through Macquarie University’s CareerHub. However, students should note that such assistance is only available upon completion of the CareerWise modules.

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KICKSTART YOUR CAREER WITH UNI RESOURCES Macquarie University provides many resources for students. These resources include events, support networks and skills workshops to help you kickstart your career.

Orientation Week This event is held a week before the commencement of the semester allowing students to connect with other students through events and activities including workshops, course information sessions, and

Many will be actively accepting resumes for full-time roles, graduate programs, internships, or volunteering opportunities. Others will be notifying you about future opportunities. Macquarie University will notify students when registrations will be open.

engagement with university societies. This is a great opportunity to connect with like minded individuals and

Skills Workshops

to begin expanding your network. There will be a variety

Macquarie University hosts a range of skills workshops

of events targeted towards all students but also events

suitable for both postgraduate or undergraduates who

dedicated for international students, postgrads and

wish to develop or rehash specific academic skills.

faculty specific sessions. There is no need to sign-up

These workshops go in-depth about specific topics

unless you are looking to attend a specific event,

ranging from critical writing to improving the way you

otherwise just rock up and enjoy what is on!

take notes. All students are free to show up with no need to register! More information on the week by week

Annual Careers Fair Macquarie collaborates with employers in their annual careers fair. This comprehensive event allows students

workshop schedule can be found on: (https://students.mq.edu.au/support/study/skillsdevelopment/workshop-calendar)

in any year to network with employers, find out about graduate programs, internships and volunteering opportunities, and gives you a head start in starting a career. Employers ranging from leading corporations, non-profits, start-ups, professional membership societies, and small and medium-sized enterprises from Sydney and beyond. This comprehensive event allows students in any year to network with employers, find out about graduate programs, internships and volunteering opportunities, and gives you a head start in starting a career.

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TO INCLUDE OR NOT TO INCLUDE - A RESUME GUIDE The first step in the job hunting process is to create a resume. This is the first interaction you will have with a potential employer which could easily be seen as the ‘make or break moment’. Therefore this is a great opportunity to give off the best first impression you possibly can. This article aims to provide an infrastructure on how to create a resume along with general tips and resources that can be found through Macquarie University.

What to include: The following is a guideline on the information that should be put into a Resume.

1. Create a header containing your contact details.

First Name Last Name Address | Email | Mobile

2. Objective statement - A short sentence on your

Objective statement

target career direction and what skills and

Education

experience you have; 3. Education - only the highest level of education would be necessary. 4. Work experience - include in reverse chronological order any roles you have had that allow you to demonstrate your skills and knowledge. 5. Extra-curricular activities and achievements - this can include information such as awards, short

(Month Year - Month Year)

Name of school Degree and major

Work experience Position, Organisation

(Month Year - Month Year)

responsibilities, achievements and skills learnt (RAS) Extra-curricular activities and achievements Activity/ achievement

courses, volunteering experiences, societies,

description of activity or award

community or sporting clubs.

RAS demonstrated

6. Key skills - here you can list out a few technical and soft skills that are tailored towards the requirements

Key skills list out a few skills/ expertise knowledge

of the job. 7. References - it is a good idea to provide at least two references whether it be work related or character confirmation.

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References Name of reference Relationship to you | Organisation (if applicable) Contact number

Information to exclude in a Resume

Macquarie University Resources

While it is easy to fall into the trap of wanting to include every aspect of your life to paint a favourable picture of

Workshops run by Career and Employment Services

yourself, it is important to remember that the hiring

- Resume and LinkedIn Essentials Workshop

manager has limited capacity to read through the

Event Description by Career and Employment

numerous applications

Services - “Learn what employers are looking for in a

they receive. Often exemplary individuals miss out on

resume and get some top tips so you can update your

the job simply because their resumes were too long

resume to reflect your experience and studies! You

compared to other applicants.

will also learn how to construct a good LinkedIn profile.”

By excluding the following from your resume, you not only cut down on the length but make it more likely for a recruiter to consider your application:

Personal details such as a photograph, age, gender, ethnicity or religion - these irrelevant characteristics can often lead to discrimination, whether it was intentional or not;Interests or hobbies;Irrelevant experience or skills - if you have been in the workforce for a while, it isn’t necessary to include every position you have held. Instead, keep it to the most recent roles and those that allow you to demonstrate skills relevant to the position you are applying for.

General Tips A Resume should be: concise - ideally it should be one page and no more than two maximum; easy to read - use a simple layout with a basic font and dot points rather than chunks of text; free of mistakes and grammatical errors - running a quick spell check or asking your friend to proof-read can help you spot any errors in your resume; Tailored - modify your skills and experience to include keywords from the job description; Real - it is important that you do not exaggerate or

These workshops will help you how to improve your Resume and LinkedIn profile to help you land job interviews. Check the CareerHub Events Page to keep up to date with the latest workshops!

CV360 CV360 is an online resume tool created by the Career and Employment services which “instant tailored feedback on your resume with tips on how to improve.” It also provides tips and advice on how to improve your resume.

Resume, Cover Letter and and Selection Criteria Review Once you have have been to the workshops, applied CV360 and have gone through all of Career and Employment Services other resources this is the next step. You can book an appointment to have your Resume/Cover Letter to be further reviewed.

Still Unsure? You can also find great resume templates, examples of what to write and general tips and tricks online!

make up your skills for the sake of landing the job.

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POSSIBLE JOB OPPORTUNITIES Audit

Advisory

Auditing is essentially examining the financial

In Advisory you will be focusing on problem solving,

statements of a company. You will be assessing risks,

identifying strategies and business decisions to ensure

understanding business processes and controls and

the operational and business success of the

looking at the different accounts in the balance sheet

organisation. By helping the client embrace change,

and profit & loss statement. In audit you are often

they will be able to address and solve complex

working at the client’s office and communicating with

situations and make better business decisions. You’ll

the accounting staff and managers. Audit has its

apply your knowledge to solve problems by providing

benefits such as being able to work on many different

reports, evaluations and presentations to management.

clients and learning how they do business but some

These reports can vary from financial and accounting

people dislike auditing due to it’s long hours, boring

advice to a wider range of transactions and events.

working but nevertheless auditing will still remain

Advisory roles can be further categorised into: risk,

important and could become more interesting with the

performance, analytics, strategy, people, technology

incorporation of data analytics.

and cybersecurity advisory services.

Tax Agent

Financial Accountant

Tax agents have the job or preparing tax returns for

Financial accounting is essential for a business as it

individuals, companies, SMSFs and trusts. Tax agents

contributes to their success. Financial Accountants,

have a good grasp of tax laws and good mathematical

keep track of the company’s financial transactions and

skills in order to calculate the tax figures. Taxes will

will also need to generate financial statements/reports

always be around but individuals are less likely to

that are shared to regulators and shareholders.

prepare their own tax returns thanks to how easy it is to

Financial accounting is a great opportunity for people

go on mygov.com.au and fill out your return yourself.

that are interested in businesses and how they operate.

Saying this Tax agents still do tax returns for companies, SMSFs etc. They also provide advice to clients on tax related topics like tax minimisation.

Government Accounting

Corporate Accounting Similar to financial accountants, corporate accountants also keep track of the company’s transactions and need to generate financial statements but their work doesn’t

The main focus of government accounting is managing

stop there. An important part of their work is

and recording all final transactions incurred by the

amalgamation, absorption and preparation of

government. The accountant will maintain tight control

group/consolidated financial statements. Corporate

over the government's resources while also allocating

accountants usually work for big companies that either

funds for activities to clarify how resources are being

have many subsidiaries and/or are part of a group

directed into programs.

which produces consolidated financial statements.

20 | ASA+ 2020

Gaining Experience Cadetship

Graduate

Cadetship is a great way to gain experience while still

After graduating university job opportunities will

studying at uni, as it gives the student able to work in a

increase, however the competitiveness will also

professional environment as a full time employee for a

increase. To ensure you get the job you want it's best to

business, however the contract will require you to

have experience via internship or cadetship while you

undertake part time studying during the cadetship. This

were uni. Accounting jobs that can be performed

usually lasts a students whole degree with all the

without a CA qualification include; Auditor, Tax

benefits of a full time employment including salary and

Accountant, Payroll/Accounts payable/receivable,

rewards from the company. Cadetship can be used as a

budget analyst etc. Even if you don’t have prior

way to secure a full time job after uni as this can be

experience you can still land a graduate position and

used as a reference to be employed to other

get your foot into the door. It’s a first step for many and

businesses.

there are a lot of graduate positions that open up every year, just make sure to apply around the beginning of

Internship/Vacationer Program

your last year of studies as the start date for the

An internship is a great way to get a feel of what it is like

position would be the following year.

working at a firm, the type of work they and a chance to decide if you want to work for that company or not. The

Working while studying

fixed term means you have no obligation to stay at the

Another option to gain experience is by looking for part-

firm if you decide the firm or job is not for you. The big

time, casual or even full-time(this is not advised if you

4’s internships or vacationer programs usually run in

are also studying full time) at smaller accounting firms.

the summer uni break and you have a possibility of

Smaller firms don’t have the resources to run

being offered a graduate position as when you finish

cadetships, internships and other big recruitment

university without having to go through the whole

programs. They prefer to hire young talent to get them

recruitment process again.

into the industry and help them grow. Working at a smaller firm during uni is a great way to gain experience and a great stepping stone into the accounting world. These smaller firms want you so start looking for job opportunities, CareerHub is a great place to look as it means the firm is looking for a student from MQ.

21 | ASA+ 2020

WHERE TO FIND JOB OPPORTUNITIES It is daunting to think about adding yet another commitment into your schedule during the university semester. However, having a job while studying is a great boost for your organisational skills and future employment prospects. Work experience in the accounting field is highly valued by recruiters and is often prioritised above grades and qualifications (although they are still VERY important). When looking for jobs, one’s job search is just as good as the resources that are available for use. Therefore, outlined below are the websites and tools that can simplify your job searching journey, are time effective and readily available to everyone. Knowing where to find these opportunities is the first hurdle to clear in the employment race.

Career and Employment Service Our university itself is a tremendous resource – Macquarie’s very own Career and Employment Service is offered to all current students during their studies and up to 12 months after they graduate.

CareerHub is an online resource that is provided by Macquarie university. It is accessible 24/7 for all students and recent graduates from any device. It is

You can register for fairs and seminars through CareerHub and access a range of online resources through CareerWise and MyMQ Career Zone. Events such as the Graduate Careers Fair are also updated in the calendar on a weekly basis.

Don’t miss out on this great opportunity to network with employers to find out about programs and internships that can potentially kickstart your career!

also a platform for researching employers and allows you to follow them and set up job alerts for different

Job Search Engines

industries. This online job and career resource database

Whether you’re trying to find a job while studying or

provides opportunities for graduate jobs, work

completing a degree, the internet is still your next best

experience and part-time or casual roles relating to your

resource for job seeking and career development. Job

degree. They list events that are taking place on

search engines such as SEEK and Indeed are always a

compass such as resume and LinkedIn workshops,

good place to start.

Macquarie student employment fast track workshop and intensive job search strategies workshops.

SEEK is Australia’s largest employment marketplace.

CareerHub also offers career advice appointments

With a SEEK profile, you can apply for jobs faster with

which are available to all Macquarie University

pre-filled application forms, know that only reputable

students.

employers can view your details, and set up alerts to ensure you never miss an opportunity. SEEK also provides resume storage, online training, career advice, as well as company reviews.

22 | ASA+ 2020

Indeed has millions of job ads that are generated from

can subscribe to companies to remain updated on the

thousands of company websites and job boards. It also

positions they have available. This online platform

has the most candidates compared to others, making it

serves as a social networking media for the business

an ideal place for many employers.

community. It allows professionals to connect with colleagues, increase the number of business

GradConnection is an online platform for university

connections, network within their industry, look for new

students and recent graduates to search for job and

hires, discuss business ideas, and search for

career opportunities. The program connects university

opportunities. Therefore due to the level of information

graduates with top employers with it being one of the

and connections on LinkedIn, employers look for

most successful graduate recruitment sites across

specific skills and employees on the site.

Australia, South Africa, U.K., U.S., and Asia. It specialises in building job board software for

There are countless job offers and opportunities readily

universities across the world called GradConnection

available to everyone at the click of a button. LinkedIn

Campus. complete careers solution helping to support

users create professional, résumé-like profiles that

university careers services and make it easier for

allow other site members to learn more about their

employers to reach students who are looking to take

business background, their areas of expertise, and

their first career step. This is a complete careers

groups or organisations they belong to.

solution helping to support university careers services and make it easier for employers to reach students

If none of the above works for you, word of mouth can

who are looking to take their first career step.

be a great way to find out about any job openings that may interest you.

Government Websites Australian JobSearch is a government website for job seekers searching for short-term or contract work, part-time or full-time positions, local government jobs, and traineeships and apprenticeships. The site also offers information on how to find the training and employment programs, and industry statistics.

Another government website is APS Jobs which offers jobs from Australia’s public service sector. It will also link you to vacancies in other Australian Government

Students finding out more about CA's Achiever Program from CA representatives

agencies where you can sign up for job alerts and save job ads to apply later.

LinkedIn LinkedIn is a fantastic way to keep in touch with former and current colleagues, and network with lecturers in your relevant course of study. Jobs are also tailored to you based on your job searches, and you 23 | ASA+ 2020

THE RECRUITMENT PROCESS Your accounting journey starts from the day you look for a job, an internship and even during your studies. As it is a strenuous and lengthy process, success hinges on your career hunting strategy. While every company has their own procedure, we present a typical recruitment process that you may encounter and explain what it takes to succeed in every stage.

Stage 1: Learn From the Industry

Stage 2: The Online Application

The recruitment process does not start from the day

At this stage, you are ready to apply online for the role

you submit your application but from the first

which would usually involve uploading the necessary

impression you give to your prospective employers at

paperwork and answer a few questions.

networking events. Before you apply: Before the event:

Go through the recruiter’s website thoroughly to

Do your homework by researching on the industry,

understand the required submission documents

the company and the service line you’re interested in

such as cover letter, CV, academic transcripts, written

Revisit your LinkedIn account, making sure it is up to

references, and visa documents.

date

Prepare your cover letter and CV tailored to each

Prepare a set of questions to ask the employers

recruiter’s hiring requirements.

During the event:

During the application:

Dress appropriately for the event

Make sure you answer every question correctly

Introduce yourself with a firm and confident

It is a good habit to do a final check of the whole

handshake

application before you submit it to ensure you did

Start with a casual but professional conversation to

not leave anything out or make any mistakes.

develop a cordial relationship Show them your interest in the industry by chatting

After the application:

about the latest developments of the service line (e.g.

Inform your recruitment leads via LinkedIn about the

audit, tax or advisory).

submitted status of your application. Networking also

Ask relevant questions about the industry, the

plays a part in your recruitment success apart from

company, and the interested role. Avoid asking

merit.

questions about matters which you can find on their

For an interstate application, it is important to let the

website.

company know of your preferred interview

Once a cordial relationship has been established,

arrangement so that they can understand your travel

seize the opportunity to ask for their permission to

limitations. For instance, if you’re applying for

add them via LinkedIn because this creates a long-

accounting jobs in Melbourne, Victoria, ask if it is

lasting connection between you and your prospective

possible to conduct a phone or Skype interview.

employers.

26 | ASA+ 2020

Stage 3: Psychometric Testing The main purpose of the online psychometric tests is to assess the abilities of applicants to identify complex patterns, reason logically, compute accounting figures, and solve real-life problems. They usually come in the form of abstract reasoning, verbal reasoning, numerical, and/or even scenario-based questions.

When being thrown a situation, discuss together how you can plan and approach the topic question. This may come in the form of a situational judgment or critical thinking tests. As you guys are in a team under timed conditions, divide the work among yourselves and work individually on your findings as efficiently as you can. The key to standing out is not to be as dominant as

Here are some important tips on what you can do to prepare yourself for the aptitude tests: Keep a relaxed mind and remove yourself from any distractions such as phones or other family members Make sure that your wifi connection is stable and secure on the day Research online to see what past applicants have said about the company's psychometric tests

possible but to be able to demonstrate your ability to listen and collaborate with others Present your work to the panellists confidently. Be yourself during the presentation because you shouldn't be fearful of presenting your ideas if you and your teammates have done considerable research on the topic question.

Complete a few practice tests to familiariseÂ yourself

Stage 5: Interviews

with the concept especially if you have never done

This stage is quite crucial as it is the last chance for you

one before

to convince the recruiters why you should be hired.

Stage 4: The Assessment Centre This stage is the best opportunity for recruiters to assess your abilities in depth at the assessment centre before making a decision to invite you for the interview.Â In such a setting, they will usually place you in groups to discuss and solve real-life problems and require you to present your solutions to a panel of interviewers, ranging from managers to partners. The purpose of this is to assess your problem-solving, communication, and

Before the interview: Preparation is key to doing well in an interview research the company and industry it operates in to demonstrate your clear interest in them Practice common behavioural questions and have answers prepared using the STAR method If you have time, ask your family or friends to mock interview you and provide you with feedback Create a list of questions to ask the interviewer

teamwork skills.Â During the interview: Here are some important tips you can prepare for a physical assessment centre: Always dress up in full formal business attire to impress them. Make it a habit to arrive at the venue at least 15 minutes prior to the interview. Introduce yourself with a firm and confident handshake with your interviewers and fellow group members to build rapport.

Again, it is important to dress up in full formal business attire and arrive early to the office Introduce yourself with a firm handshake and make small talk with the interviewer as you enter the room and get situated Most interviewers would like to know more about you. When asked an introductory question, tell them more about yourself in a humorous but professional manner and explain why you have decided to embark on such a career.

27 | ASA+ 2020

They would also be eager to know why you want to

Stage 6: Outcome

join the company despite having so many choices of

This can be either the happiest or most disappointing

companies to embark on your career. This is where

stage of your application process.

your knowledge of the company comes in.Â Conversely, they are interested to know why they

If an offer is made, they will usually call you but always

should hire you out of thousands of applicants. This

check your email as well. Congratulations for your

is the chance for you to differentiate yourself from

successful application and don't forget to accept the

the other students who are equally qualified for the

offer by the given deadline. Remember to read the

job in terms of your unique value to the company.

terms and conditions of the offer carefully to avoid any

Ask relevant questions which you're unsure of the

surprises.

interested role. Avoid asking questions about matters which you can find on their website or which you

If it is a rejection, do not despair but reflect what went

have already asked before at the career fair.

wrong. Remember that failure is the mother of all

Lastly, make sure you ask the interviewer when you

successes. Try contacting the interviewer to obtain their

can expect to hear back about the next stage.

honest feedback about your performance during the

Thank them for their time and effort once the

whole recruitment process so that it prepares you for

interview has ended.Â

the next interview.

Hopefully this article has provided you with some insight and handy tips on what to expect from the recruitment process. Remember every firm has their own unique application procedure and it is always a good idea to look on their website or attend an informational session before you apply.

28 | ASA+ 2020

INTERVIEW WITH LINUS POON Linus has recently completed the vacationer program at EY and is looking forward to returning there upon his graduation. His time as the president of ASA in 2018/19 has equipped him with many tips and tricks on how to make the most of your time on campus. How did you decide on what you wanted to do? While interests are an essential part of the process to get started with your degree, I would say that it is paramount to take time to understand and find out what your end goal of university is as soon as you can. Staying busy and productive allows you to get over the â&#x20AC;&#x153;I donâ&#x20AC;&#x2122;t know what I want to doâ&#x20AC;? phase much quicker and defines your path a bit more by understanding what type of work you enjoy and dislike.

How did your time at ASA help you in your future work experience? My time at ASA helped me tremendously in both my professional and personal development. From the outside looking into ASA it can be easy to miss the work that goes into keeping the society running and continually improving it to deliver greater career and social opportunities for MQ students. Being able to hold the professional accountability to meet the expectations of sponsors and taking the time to effectively lead and develop rapport and chemistry with your team is similar to the skills required in the workplace.

ASA gave me an insight into how enjoyable it really is to grow and succeed as a team, which inspired me to strive to be a better leader and team player. For our work during my term as President we were awarded Student Group of the Year for the first time and I found that the professional and social skills that I learnt from my team, my mentors and the work itself was transferrable to my career, helping me to succeed in my Vacation role and earn a Graduate position.

What opportunities do you believe students should take during their study which will help them with their future? I believe that as a uni student, it is essential to be as open minded as possible in order to avoid closing any doors that you may wish to open in the near future. Alongside studies and given my own positive experience with ASA, I would heavily endorse not only joining but holding a position of responsibility such as a leadership role in a student society. This develops confidence and a sense of commitment to your work, your team and yourself which will definitely set you apart and help expand your opportunities. Work experience that affords you skills relevant to your future field of work is also necessary to demonstrate that you can succeed in the role that you want.

What are your tips on landing a graduate role or any working experience? Stock answer perhaps, but I ultimately would say to be genuine. Be genuine about why you want the role, what skills are necessary for the role, then pursue the means to attain it with enthusiasm. A genuinely enthusiastic attitude can only reflect positively on you and others and is an excellent way to show that you are a motivated individual. When we interviewed applicants for ASA roles, my team and I made it clear to value enthusiasm more than experience. We found that the more enthusiastic members actually ended up performing much better and having a greater impact on the society.

29 | ASA+ 2020

CA VS CPA A certified practising accountant (CPA) are

This Article will give an insight into the programs and

professionally competent in accountancy knowledge

requirements needed to be accredited as a public

and are widely recognised by employers and members.

accountant in Australia.

Members of CPA have an internationally regarded qualification and can pursue further training for specialisation.

A CA is a Chartered Accountant, CA’s needed to have completed and undergraduate or postgraduate program that can be recognised by CAANZ to partake in a CA course to receive a CA license.

These licenses can offer a competitive advantage for former students that have recently completed their degrees over their peers, in regards to job and career prospects and opportunities.

The main difference between the two accreditations is that Chartered accountants (CA) work more towards auditing whereas CPA’s are mainly used for commercial accounting. Furthermore, a CA accreditation is an internationally recognised qualification which can help open opportunities all over the world. CPA’s are more involved in the operations of a business and how they are run which can broaden your career paths into streams such as management. Since the law expresses that public accountants require a public practice certificate in order to fulfill certain accounting services; both of these certifications can only be obtained by organisations such as CPA Australia or CA ANZ, which has certain entry requirements and objectives that are to be completed/met prior to obtaining either a CPA or a CA license.

30 | ASA+ 2020

Requirements for CA The requirements as explained by CA ANZ are that: You must hold a recognised degree or qualification that has been assessed by CA ANZ as equivalent to at least an Australian or New Zealand Bachelor degree (level 7 or higher) with coverage of required competency areas. Furthermore, Australian based applicants that do not have Citizen or permanent residency must have a visa that enables them to study the program.

In some instances, candidates may have to sit up to 10 foundation exams before being admitted into the CA program. These exams are: Accounting Systems and Processes; Accounting Information Systems; Financial Accounting; Accounting Theory; Management Accounting; Audit & Assurance; Commercial & Corporations Law; Economics & Quantitative Methods; Finance; and Taxation.

The program consists of two parts: 1. Theoretical work with five exams (See CA ANZ online website for the exam structure in detail); and 2. Minimum 36 month Practical studies with any CAANZ or internationally recognised accounting firm/s.

Requirements for CPA Hold a degree or qualification recognised by CPA; Australia/complete a degree or a postgraduate award recognised by CPA Australia; Complete the CPA program - includes 3 years of professional experience; Undertake continuing professional development (CPD) activities every year; and Follow regulations set by CPA Australia.

In certain instances candidates are required to sit up to 6 foundation exams prior to being able to partake in a CPA program (see CPA Australia online website for more information). These exams are: Economics and markets; Foundations of accounting; Fundamentals of business law; Business finance; Financial accounting & reporting; and Management accounting.

The course is separated into two parts: 1. Theoretical experience with 6 professional accounting exams are expected to be completed (see CPA Australia website for more information on the examination material.) 2. Candidates are required to undergo at least 36

Accounting vs Professional Accounting at MQU In light of the new MQU 2020 changes, most, if not all of the degrees, have had changes to their curriculum. Accredited areas of study are necessary in the process to become a professional accountant of the groups above.

The main difference between majoring in accounting and professional accounting, is that the latter is accredited by CPA Australia (CPAA), Chartered Accountants Australia and New Zealand (CAANZ), the Association of Chartered Certified Accountants (ACCA), the Institute of Public Accountants (IPA), and the Institute of Management Accountants (IMA).

However, by studying the correct choice of units whilst majoring in accounting, the degree would be accredited by CPA Australia, Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA).

To find out more on the relevant units required and flexible entry pathways we recommend speaking directly to a representative from CA or CPA about options available.

months of practical professional experience in finance, accounting or business. The business or accounting firm has to be recognised by CPA Australia and has to have a CPA Australia Membership or an internationally recognised membership.

The CPA program has to be completed within 6 years of initial enrolment, registration or membership. Students participating in a round table skills workshop

31 | ASA+ 2020

TIPS ON FINDING JOBS FOR INTERNATIONAL STUDENTS International students comprise a significant majority of accounting students at Macquarie University at both the undergraduate and postgraduate levels. Thus, this article aims to study the current opportunities available to international students in terms of careers and professional development.

Current Opportunities Many international students, especially from developing countries have come to Australia in the hope of getting a permanent residency through the two-year Australian study requirement and the poststudy work visa. However, the future seems bleak for them in the area of accounting. Government research has generally revealed that Australia experienced no shortage of accountants in the fiscal year of 2017-2018. This result could mean a tight labour market for international students who wish to embark on an accounting career in Australia. This could be corroborated by the findings that there is an average of 21.6 applicants per vacancy. Of these 21.6 applicants, only 2.4 applicants (11.1%) are suitable for the vacancy. Employers have commonly cited interpersonal skills, communication barriers, and lack of organisational fit as reasons for candidatesâ&#x20AC;&#x2122; unsuitability. All of this points to how limited the career opportunities are for accounting students at the national level, let alone international students.

At the micro-level, we have conducted research on the career opportunities available in three main circles of industries, namely the top 10 accounting firms, top 10 commercial companies, and 10 fastest-growing smalland medium-sized enterprises (SMEs) in Australia. 34 | ASA+ 2020

A safe majority of accounting firms are receptive to international students, with firms like PwC and KPMG who consider candidates who meet stringent English Language requirements. A vast majority of Australiaâ&#x20AC;&#x2122;s top companies are also presumably receptive to international students, including Woolworths and NAB. This illustrates that English language proficiency, soft skills, and communication skills are crucial for international students to secure a permanent accounting career in Australia.

The existence of three main accounting bodies in Australia has created a predicament for international students to plan their professional development. While the ACCA gives an advantage for accounting professionals to work in any country around the globe, CA ANZ and CPA Australia are more prestigiously recognised in Australia. However, the current two-year post-study visa gives them limited room to gain the required three-year work experience as required by both CA ANZ and CPA Australia. While CA ANZ is domestically concentrated in Australia and New Zealand, CPA Australia is located mainly around Southeast Asia. As such, international students may have more professional opportunities in pursuing CPA Australia and ACCA with wider support from their regional branch offices.

However, it is also notable that those who complete the

Try to secure an internship (even unpaid can be a

ACCA program can get CA ANZ accreditation after five

good experience) or consider doing a Professional

years of work experience and vice versa. Overall, it is

Year program after graduation to gain first-hand

evident that the best qualification for students to

working experience in Australia.

pursue depends on their personal preferences as to

Focus on improving soft skills such as

which geographical areas they want to practice in and

communication, teamwork and time management

what career path they wish to follow. Additionally, it is

skills. Getting involved in volunteering and meeting

important for students to make comprehensive

new people is a great way to do this.

enquiries to determine what is best for their unique

Try to achieve â&#x20AC;&#x153;Proficient Englishâ&#x20AC;? in English language

circumstances. Traditionally, young graduates have

requirements. Some big firms desire this in job

embarked on an auditing career for more exposure

candidates.

before moving onto the accounting career of their

Tap on Lynda.com, Coursera and edx - to equip

choice. This shows the great and longlasting value of an

themselves with the introductory accounting

auditing career, directing many future financial

software courses such as MYOB, SAP or Xero

controllers to start with auditing for the stepping-stone

Consider working in a small or mid-tier accounting

experience. However, the main dilemma is how

firm, a multinational commercial company or a

international students can gain the required experience

growing SME in Australia.

if they have difficulty in securing employment in

Search for jobs using multiple online job sites such as

accounting firms due to stringent requirements

Linkedin, Australian Jobsearch, SEEK, and our

imposed by them in the first place.

universityâ&#x20AC;&#x2122;s CareerHub. Also, make use of MQ Careers service for their advice and various

Recommendations In our recommendations, we address how international students can take steps to increase their employability by improving their technical as well as soft skills. Ultimately, it is on the onus of the international students to take ownership of their own accounting career as follows:

resources. Accounting bodies also have their job portals which can be useful. Also, consider careers in other countries. Such career opportunities can make the way for a global career. Lastly, stay positive, confident and persistent. It can take some time to get the job you want but focus on skill-building to increase your chances.

Seize every opportunity to attend any career networking events organised by CA ANZ, CPA Australia or ACCA to grasp the expectations of the highly competitive accounting industry. Also, consider student representative programs offered by accounting bodies. These are a great way to network and meet people in the industry. Be involved in student clubs and societies on campus. They often have networking events. Moreover, it is a great way to gain leadership, coordination and team skills. 35 | ASA+ 2020

TYPES OF ACCOUNTING MASTERS FOR INTERNATIONAL STUDENTS Fundamentally, there are four types of Masters for international students, namely the Master of Accounting, Master of Professional Accounting, Master of Accounting & Leadership, and Master of Professional Accounting & Leadership. Depending on their varying career goals and needs, it should generally be appropriate for international students to select any of these Masters on their academic journey in Macquarie University.

Master of AccountingÂ Â

Master of Professional Accounting

Dubbed as a popular form of Accounting Masters, it is

This is a 2-year specialized form of Accounting Master

suitable for international students who wish to have the

where international students have a long-term plan of

first-hand experience in accounting but may not

pursuing either a CPA Australia or ACCA profession. Like

necessarily have the long-term intention of settling in

the common Master of Accounting, students read the

Australia. This is a two-year Master program where

foundation modules in their first year. In their second

students read the foundation modules such as

year, they will study the more intensive-based CPA or

Principles of Accounting, Company Law, Finance,

ACCA modules, sit for the internal exams within the

Economics and Taxation Law in their first year and later

university and then for the external exams with their

delve into more specific modules such as Auditing,

respective professional bodies. There are two

Management Control Systems and International

specializations, namely the CPA or ACCA studies. The

Accounting in their second year. Subsequently, students

CPA stream is a more rigorous process which usually

are able to acquire fundamental accounting knowledge

starts their lessons two weeks earlier than the normal

needed to give them a strong start in their accounting

Masters and demands the passing of both the internal

career in Australia or other parts of the globe. Should

and external exams. As such, it requires international

students decide to apply for a post-study work visa,

students to commit more time and effort towards their

they can have a later option of pursuing a CPA or ACCA

studies throughout the semester. On the other hand,

profession. If they decide to return to their home

the ACCA stream is a more flexible process which gives

countries, they can also have a later option of pursuing

students the option of completing their external exams

their home accounting professions such as CPA China,

with ACCA professional body at their own pace. After

CA India or CPA Japan. In other words, international

completing this Master, students have successfully

students have a wide variety of career options after

cleared the academic portion of their six professional

their Masters.

modules within CPA or ACCA, but still, need to satisfy the three-year Practical Experience requirements to become a full member.

36| ASA+ 2020

Master of Accounting & Leadership

Master of Professional Accounting &

On top of acquiring a first-hand knowledge in

Leadership

accounting, this is a 2.5-year Master whereby international students have a Business Internship option in their final semesters. This means that students have the option of pursuing an accounting internship to gain first-hand Australian work experience. This is crucial for their careers as Australian work culture can be a stark difference from their home cultures. Similarly, students also have a wide variety of post-study career options such as pursuing CPA Australia, ACCA or their home country accounting professions.

This is a 2.5-year Master program which is largely similar to the Master of Professional Accounting in CPA or ACCA studies, except that students have a Business Internship option in their final semesters. This means that students have the option of pursuing an accounting internship to gain first-hand Australian work experience. This is crucial for their careers as Australian work culture can be a stark difference from their home cultures. After completing their Masters, students still need to satisfy the three-year Practical Experience requirements to become a full member of CPA Australia or ACCA.

As compared to the pre-2020 academic curriculum, this structure is a more tailor-made one which caters to international students of varying needs.

37 | ASA+ 2020

HOW TO STAYÂ IN TOUCH WITH ASA http://www.facebook.com/MQasa

http://www.instagram.com/mqasa

http:// linkedin.com/company/asamq

http://www.asamacquarie.com

38 | ASA+ 2020

39| ASA+ 2020