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ACCOUNTING & FINANCE INDUSTRY
MARKET SIZE & ECONOMIC IMPACT
Australia’s accounting and finance industry is a foundational pillar of the national economy, supporting businesses of all sizes across every sector. With over 980,000 people employed in financial and professional services roles, the industry contributes an estimated $160 billion annually to GDP—making it one of the country’s most significant economic drivers.
This sector includes accountants, auditors, payroll specialists, financial analysts, controllers, and compliance officers who ensure the financial integrity, regulatory compliance, and strategic planning capabilities of organisations nationwide. From sole traders and SMEs to multinational corporations and government departments, the demand for skilled finance professionals spans the entire economy.
Accounting and finance play a critical role in economic stability, investment growth, and business sustainability. Accurate financial reporting, tax planning, and performance analysis are essential for informed decision-making and long-term success—especially in a rapidly changing economic environment.
The industry also supports Australia’s broader professional services landscape, working closely with legal, IT, HR, and consulting sectors to deliver integrated business solutions. As financial regulations evolve and data-driven decision-making becomes more prevalent, professionals with strong analytical, compliance, and digital finance skills are in increasing demand.
With continued growth in areas like cloud accounting, forensic auditing, ESG reporting, and financial technology, the accounting and finance industry offers stable, high-skilled career pathways that are central to the functioning and future resilience of the Australian economy.
EMERGING TRENDS & FUTURE OUTLOOK
Australia’s accounting and finance industry is evolving in response to a changing economic landscape, rapid digitisation, and increased regulatory complexity. As businesses become more data-driven and globally connected, finance professionals are taking on broader strategic roles—moving beyond number-crunching to become key advisors in decision-making, risk management, and long-term planning. One of the most significant trends is the rise of automation and cloud-based accounting platforms, which are streamlining traditional tasks such as data entry, payroll, and financial reporting. This shift is enabling finance teams to focus more on analysis, forecasting, and strategic insight—skills that are becoming essential in today’s fast-paced business environment.
There is also growing demand for professionals with expertise in environmental, social, and governance (ESG) reporting, forensic accounting, and cybersecurity compliance, as companies face increasing scrutiny from regulators, investors, and consumers. Accountants and financial analysts are now playing a pivotal role in helping organisations demonstrate transparency, manage risks, and achieve sustainable growth. Technology is reshaping how finance is delivered, with widespread adoption of tools like AI-powered analytics, real-time dashboards, and digital tax solutions. These innovations are driving demand for professionals who can blend technical proficiency with strategic thinking, particularly in small business, corporate finance, and public sector settings.
Looking ahead, the industry is set to remain a stable and essential part of the Australian economy, with continued growth in areas such as fintech, advisory services, and data governance. As businesses navigate economic uncertainty, global trade pressures, and regulatory reform, qualified accounting and finance professionals will continue to be in high demand. The future of the industry is agile, tech-enabled, and insight-driven—offering secure, intellectually rewarding career pathways for those ready to lead the next era of financial excellence.
Accountant
Gender Representation
53% Female
41
Median Weekly Earnings
$1841
Average Weekly Hours
40 Hours
ROLE & RESPONSIBILITIES
An Accountant is responsible for managing and analysing financial information to help individuals or organisations make informed business decisions. Their tasks include preparing financial statements, managing budgets, performing audits, analysing costs, lodging tax returns, and ensuring compliance with legal and financial regulations.
Depending on their role, Accountants may specialise in tax, management accounting, financial accounting, or auditing. They often work closely with business owners, executives, or external stakeholders to provide insights into business performance and financial health.
This role suits analytical thinkers with strong problem-solving skills and a deep understanding of accounting principles, tax law, and financial reporting. Accountants work in public practice, government, corporate finance teams, or as consultants. A Diploma or Bachelor’s Degree in Accounting is generally required, and many professionals go on to become qualified as CPA (Certified Practising Accountant) or CA (Chartered Accountant).
CURRENT & EMERGING TECHNOLOGIES
Progress into Senior and Specialist Roles
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Step into positions such as Senior Accountant, Finance Manager, or Financial Controller.
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Take on greater responsibilities in budgeting, reporting, and strategic planning.
Specialise in Niche Areas
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Focus your career in taxation, forensic accounting, internal auditing, or environmental accounting.
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Niche expertise often leads to higher pay and job security.
Become a Chartered Accountant or CPA
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Earn respected designations such as CA (Chartered Accountant) or CPA (Certified Practising Accountant).
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Boosts your credibility, opens leadership opportunities, and enhances your earning potential.
Work Internationally or Remotely
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Accounting qualifications are widely recognised across countries, giving you the flexibility to work abroad or in remote-first roles with global firms.
OPPORTUNITIES FOR GROWTH
CORE SKILLS YOU NEED
Financial Analysis & Reporting
Attention to Detail & Accuracy
Knowledge of Accounting Standards
Communication & Client Advisory
Digital Literacy & Software Proficiency
Looking to build a career that offers stability, growth, and flexibility? Accountants are in demand across every sector—from small businesses and government agencies to global corporations.
You don’t need to be a maths genius—just detail-oriented, analytical, and ready to learn. With the right qualification, you’ll be equipped to handle financial reporting, compliance, budgeting, and more. To become an Accountant in Australia, you’ll typically need to complete:
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Certificate IV in Accounting and Bookkeeping
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Diploma of Accounting
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Bachelor’s Degree in Accounting, Commerce or Business
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Professional Certifications – CPA or CA
GET QUALIFIED TO START YOUR CAREER
Management Accountant
Gender Representation
53% Female
Median Age
41
Median Weekly Earnings
$1814
Average Weekly Hours
43 Hours
ROLE & RESPONSIBILITIES
A Management Accountant focuses on the internal financial operations of a business, helping managers make informed decisions about budgeting, planning, and performance. They analyse costs, prepare forecasts, monitor financial performance, and evaluate the financial impact of business strategies. Unlike external accountants who deal with tax and compliance, Management Accountants work within organisations to guide operations and support growth. They provide regular reports, develop financial models, and help identify ways to improve efficiency and profitability.
This role is ideal for strategic thinkers with strong problem-solving skills and attention to detail. Management Accountants must be confident with data analysis, reporting tools, and advanced Excel techniques. Typical employers include large corporations, government departments, and not-for-profits. A Bachelor’s Degree in Accounting or Finance is generally required, and many professionals pursue further credentials such as CPA (Certified Practising Accountant) or CMA (Certified Management Accountant).
CURRENT & EMERGING TECHNOLOGIES
Move into Senior Finance Leadership Roles
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Advance to positions such as Financial Controller, Finance Business Partner, or Chief Financial Officer (CFO).
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These roles involve strategic planning, board reporting, and financial leadership.
Specialise in Strategic Planning or Cost Management
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Develop niche expertise in cost analysis, business performance optimisation, or mergers and acquisitions.
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These specialist areas are highly valued in corporate and enterprise environments.
Pursue Professional Designations (CPA or CMA)
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Gaining credentials like CPA Australia, Chartered Accountant (CA), or Certified Management Accountant (CMA) unlocks higher-level opportunities and increased earning potential.
Opportunities Across Industries
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Management accountants are in demand in diverse sectors—healthcare, manufacturing, government, tech, and not-for-profit.
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Offers flexibility to align your financial expertise with industries you’re passionate about.
OPPORTUNITIES FOR GROWTH
Interested in helping organisations grow sustainably through smart financial strategies? Management Accountants are essential to planning, budgeting, and guiding business decisions from the inside out.
You’ll need a strong foundation in accounting, analytics, and business operations. With the right qualifications, you can work across industries—from government and healthcare to private enterprise and corporate finance. To become a Management Accountant in Australia, you’ll typically need to complete:
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Diploma of Accounting
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Bachelor’s Degree in Accounting, Finance, or Commerce
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Professional Certification – CPA or CMA
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Further Study – MBA or Postgrad in Finance
GET QUALIFIED TO START YOUR CAREER
CORE SKILLS YOU NEED
Financial Planning & Budgeting
Analytical Thinking & Problem-Solving
Knowledge of Accounting Standards
Stakeholder Engagement
Tech Proficiency with Financial Systems
Auditor
Gender Representation
60% Female
Median Age
41
Median Weekly Earnings
$1975
Average Weekly Hours
41 Hours
ROLE & RESPONSIBILITIES
An Auditor examines financial records to ensure accuracy, compliance, and integrity. They assess whether an organisation’s financial statements fairly represent its financial position and identify any risks, errors, or fraud.
Auditors may work internally for a company (internal auditors) or externally for an accounting firm or government body (external auditors). Internal auditors focus on improving business systems and controls, while external auditors provide independent reviews for stakeholders.
Duties include reviewing processes, interviewing staff, analysing transactions, preparing audit reports, and recommending improvements to reduce risk and improve efficiency. This role requires strong analytical skills, objectivity, and an excellent grasp of accounting standards, systems, and legislation. A Bachelor’s Degree in Accounting or Auditing is typically required, and most auditors pursue professional accreditation through CPA Australia, CA ANZ, or IIA (Institute of Internal Auditors).
CURRENT & EMERGING TECHNOLOGIES
Advance to Senior & Leadership Roles
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Step into roles such as Audit Manager, Senior Internal Auditor, or Chief Audit Executive (CAE).
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These positions oversee audit strategy, team performance, and organisational risk frameworks.
Specialise in Niche Audit Areas
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Build expertise in forensic auditing, IT auditing, environmental auditing, or compliance audits.
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These specialties are in growing demand and offer unique career paths.
Move into Governance, Risk & Compliance (GRC)
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Transition into broader roles in corporate governance, enterprise risk management, or regulatory compliance, especially in finance, healthcare, or government.
Global Career Mobility
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Audit qualifications and standards are recognised internationally, making it easier to work for global firms or pursue overseas roles.
OPPORTUNITIES FOR GROWTH
CORE SKILLS YOU NEED
Attention to Detail & Accuracy
Analytical & Critical Thinking
Knowledge of Accounting
Communication & Report Writing
Proficiency with Audit & Data Tools
Are you detail-oriented, ethical, and passionate about accountability? A career in auditing offers the opportunity to safeguard transparency, reduce risk, and support smart financial management across all sectors.
Whether you're auditing large corporations, public entities, or non-profits, your role is crucial in maintaining trust and ensuring systems operate efficiently. With the right training, you’ll be well-prepared to lead audits, analyse data, and provide valuable insights to decision-makers. To become an Auditor in Australia, you’ll typically need to complete:
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Diploma of Accounting
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Bachelor’s Degree in Accounting, Commerce, or Business
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Professional Certification – CPA, CA, or CIA
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Short Courses in Risk Management, Data Analytics, or Compliance
GET QUALIFIED TO START YOUR CAREER
Taxation Accountant
Gender Representation
60% Female
Median Age
38
Median Weekly Earnings
$1841
Average Weekly Hours
43 Hours
ROLE & RESPONSIBILITIES
A Taxation Accountant specialises in preparing and lodging tax returns, advising clients on tax compliance, and developing strategies to legally minimise tax liability. They interpret Australian tax laws and regulations to ensure individuals or businesses meet their obligations while maximising deductions and benefits.
They may also assist with GST, BAS, fringe benefits tax (FBT), payroll tax, capital gains tax, and advise on trust or company structures. During the financial year, they support clients with planning, audits, and resolving disputes with the ATO.
This role suits detail-oriented professionals with a strong understanding of tax law, a passion for compliance, and excellent client communication skills. Tax Accountants may work in public practice, corporate finance teams, or run their own consultancy. A Bachelor’s Degree in Accounting is typically required, and many go on to complete CPA, CA, or Registered Tax Agent qualifications.
CURRENT & EMERGING TECHNOLOGIES
Advance into Senior Advisory Roles
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Progress into positions such as Tax Manager, Senior Tax Advisor, or Head of Tax within firms or large organisations.
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Involves strategic planning, tax structuring, and oversight of compliance teams.
Specialise in High-Demand Tax Areas
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Develop niche expertise in international tax, GST & indirect tax, corporate restructuring, or trust and estate planning.
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These areas command premium rates and attract high-value clients.
Pursue Public Practice or Start Your Own Firm
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After gaining experience, many Taxation Accountants become registered tax agents and run their own tax consultancy businesses.
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Offers autonomy and the ability to build long-term client relationships.
Consulting & Corporate Advisory Pathways
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Work with corporate clients on tax-effective structuring, mergers and acquisitions, or compliance audits.
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Often leads to opportunities in management, finance strategy, or international mobility.
OPPORTUNITIES FOR GROWTH
CORE SKILLS YOU NEED
Knowledge of Australian Tax Laws
Attention to Detail & Accuracy
Client Communication & Advisory
Analytical & Problem-Solving Skills
Digital
Literacy
Do you enjoy working with numbers, solving complex problems, and helping people stay on the right side of the tax system? Taxation Accountants play a key role in ensuring businesses and individuals meet their tax obligations while maximising their financial outcomes.
You don’t need to start as an expert—just bring your attention to detail, integrity, and willingness to learn. With the right training and certification, you can build a trusted and rewarding career in public practice, corporate tax, or advisory services. To become a Taxation Accountant in Australia, you’ll typically need to complete:
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Diploma of Accounting
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Bachelor’s Degree in Accounting or Commerce
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Tax Agent Registration Requirements
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Professional Certifications – CPA or CA
GET QUALIFIED TO START YOUR CAREER
Financial Analyst
Gender Representation
50% Female
Median Age
40
Median Weekly Earnings
$1900
Average Weekly Hours
38 Hours
ROLE & RESPONSIBILITIES
A Financial Analyst evaluates financial data to support strategic decision-making. They assess business performance, market trends, and investment opportunities, and often create reports, dashboards, and forecasts to guide senior management. Their duties may include budgeting, variance analysis, financial modelling, cost-benefit analysis, and preparing investor or board reports. Financial Analysts often work in banks, corporations, investment firms, or government agencies.
This role suits individuals who are analytical, detail-oriented, and confident with numbers and financial systems. Strong Excel skills, knowledge of financial software, and business acumen are critical. A Bachelor’s Degree in Finance, Economics, or Accounting is typically required, and many professionals pursue further qualifications such as CFA (Chartered Financial Analyst) or postgraduate finance studies.
CURRENT & EMERGING TECHNOLOGIES
Advance into Senior Finance Roles
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Progress to roles such as Senior Financial Analyst, Finance Manager, or Financial Controller, overseeing broader business performance and budgeting functions.
Move into Strategy & Business Advisory
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Transition into positions like Business Analyst, Commercial Analyst, or Strategic Planning Advisor, supporting high-level decision-making across departments.
Explore Specialisations
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Develop niche expertise in areas like investment analysis, M&A (mergers and acquisitions), corporate finance, or environmental, social, and governance (ESG) reporting.
Cross-Industry Flexibility
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Financial analysts are in demand across sectors—from banking, technology, and healthcare to government, not-for-profit, and start-ups—offering diverse career pathways.
OPPORTUNITIES FOR GROWTH
CORE SKILLS YOU NEED
Financial Modelling & Forecasting
Analytical & Critical Thinking
Understanding of Accounting
Clear
Communication
Advanced Excel & Tech Proficiency
Do you enjoy working with numbers, spotting trends, and helping organisations make smarter financial decisions? Financial Analysts play a key role in shaping business strategy, forecasting performance, and supporting investment decisions.
Whether you're working in corporate finance, banking, government, or start-ups, this role offers excellent long-term growth and flexibility. With the right qualifications and tools, you can build a career that’s both analytical and impactful. To become a Financial Analyst in Australia, you’ll typically need to complete:
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Diploma of Accounting
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Bachelor’s Degree in Finance, Accounting, Commerce, or Economics
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Professional Certifications – CPA, CFA, or CA
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Short Courses in Excel Modelling, Power BI, or Investment Analysis
GET QUALIFIED TO START YOUR CAREER
Financial Controller
Gender Representation
35% Female
Median Age
44
Median Weekly Earnings
$2900
Average Weekly Hours
45 Hours
ROLE & RESPONSIBILITIES
A Financial Controller is a senior finance leader responsible for overseeing the financial operations of a business, including reporting, budgeting, compliance, and internal controls. They manage accounting teams, ensure accuracy in financial statements, and provide insights that support strategic decision-making.Controllers are often involved in cash flow management, risk analysis, taxation planning, audits, and liaising with external stakeholders such as banks, investors, and auditors. They may also assist with mergers, acquisitions, or systems implementation.
This role requires strong leadership, commercial awareness, and deep technical accounting expertise. Financial Controllers play a key part in guiding the financial health and sustainability of an organisation. A Bachelor’s Degree in Accounting or Finance is essential, with most professionals also holding a CPA or CA qualification and several years of experience in senior finance roles.
CURRENT & EMERGING TECHNOLOGIES
Advance into Executive Roles
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Move into senior leadership positions such as Chief Financial Officer (CFO), Director of Finance, or Chief Operating Officer (COO).
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These roles offer greater influence on business strategy, capital management, and investor relations.
Specialise in Strategic Finance
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Focus on areas like financial transformation, business performance analysis, or M&A advisory, especially in large or growing organisations.
Transition Across Industries
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Financial Controllers are in demand across corporate, not-for-profit, government, and global enterprises, offering broad career mobility.
Gain Board-Level & Governance Experience
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Serve on audit committees, advisory boards, or governance panels—particularly relevant for Controllers with strong compliance backgrounds.
OPPORTUNITIES FOR GROWTH
CORE SKILLS YOU NEED
Strategic Financial Planning
Analytical Thinking & Commercial Acumen
Compliance & Risk Management
Leadership & Communication
Advanced System & Software Proficiency
Are you ready to take the lead in financial operations, guide business strategy, and ensure financial integrity at an executive level? As a Financial Controller, you’ll be at the centre of business decision-making—overseeing budgets, compliance, and company performance.
Whether you’re stepping up from a senior accounting role or transitioning into leadership, the right qualifications will set you apart.To become a Financial Controller in Australia, you’ll typically need to complete:
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Diploma of Accounting
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Bachelor’s Degree in Accounting, Commerce, or Finance
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Professional Certifications – CPA, CA, or ACCA
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Master of Business Administration
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Short Courses in Financial Modelling, Risk Management, or ESG Reporting