RMIT School of Accounting - A World-Class Education in Accounting

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Two students engaged in study session outdoors, using laptops and writing notes.
Credit: pexels.com, Two students engaged in study session outdoors, using laptops and writing notes.

The RMIT School of Accounting is a world-class education provider that offers students a comprehensive and practical learning experience.

The school is located in Melbourne, Australia, a global financial hub that provides students with access to a diverse range of industries and professional networks.

RMIT's accounting programs are designed to equip students with the skills and knowledge required to succeed in the ever-changing accounting landscape.

With a strong focus on industry engagement, the school has established partnerships with leading accounting firms, allowing students to gain hands-on experience and build connections in the field.

Recommended read: School Stand

Accounting Programs

The RMIT School of Accounting offers a range of courses and programs that cater to different levels of study.

You can pursue a bachelor's degree in accounting, a master's degree in accounting and financial services programs, or even a Doctorate of Philosophy in accounting.

The school's programs are designed to equip students with the necessary skills and knowledge to succeed in the field of accounting.

In 2016, the School was ranked among the top 100 in the world for accounting and finance subjects in the QS World University Rankings.

This ranking is a testament to the school's commitment to providing high-quality education and research in accounting.

Why Study Accounting?

Three Students Talking to One Another Inside the Classroom
Credit: pexels.com, Three Students Talking to One Another Inside the Classroom

Studying accounting at RMIT University can open doors to a successful career in finance. RMIT University is ranked #8 in Australia and in the top 100 universities globally for accounting and finance.

You'll gain a solid understanding of accounting principles and practices, which is essential for a career in this field. This ranking is a testament to the quality of education RMIT offers.

With a strong focus on practical skills, you'll be well-prepared to tackle real-world challenges in accounting. RMIT's accounting program is designed to equip you with the skills and knowledge you need to succeed.

By studying accounting at RMIT, you'll be joining a community of like-minded students who share your passion for finance. This community will provide you with valuable networking opportunities and support throughout your studies.

You'll have access to state-of-the-art facilities and resources, which will help you stay ahead of the curve in your studies. RMIT's accounting program is designed to be flexible, so you can balance your studies with work and other commitments.

Learning Experience

Engaging classroom with teacher and students discussing and collaborating on assignments.
Credit: pexels.com, Engaging classroom with teacher and students discussing and collaborating on assignments.

At RMIT School of Accounting, you'll have the opportunity to learn in a productive blended learning environment, with a mix of face-to-face and online learning formats. This allows you to balance your studies with other commitments.

You'll be taught using a variety of teaching styles, including guest lecturers, tutorials, class presentations, and group and student-led discussions. This interactive approach helps you ask questions, seek feedback, and apply theory to practice.

By working independently or in a team, you'll develop skills in research, problem-solving, and case study analysis, which you can then apply in a computer-based business simulation.

Tailored to Your Interests

You can shape your learning experience to fit your passions and career goals. You'll have the option to pursue accounting and law subjects to hone your expertise.

The flexibility to tailor your studies allows you to expand your knowledge with a four-subject minor in a range of business disciplines. This will give you the tools to pursue an exciting and specialized career.

You'll have the opportunity to focus on specific subjects that interest you, giving you a deeper understanding of the material. By doing so, you'll be better equipped to tackle complex problems in your future career.

Experiential Learning

Credit: youtube.com, This is Experiential Learning

Experiential learning is a game-changer for your career. Through industry engagement, you can build an e-portfolio to consolidate your learning journey and launch your accounting career.

You can choose to undertake accounting and law subjects or a four-subject minor in an expansive range of business disciplines. This flexibility will help you tailor your education to your interests and goals.

Learning and Teaching

The learning experience at this institution is designed to be interactive and engaging. You'll have the opportunity to participate in a range of teaching styles, including guest lecturers and class presentations.

The Bachelor of Accounting degree offers a blended learning environment, with both face-to-face and online learning formats available. This allows you to learn in a way that suits you best.

You'll work independently or in a team to conduct research, solve problems, and analyse case studies. This hands-on approach helps you apply theoretical knowledge to real-world scenarios.

Guest lecturers will join the class to share their expertise and provide new perspectives. This adds variety to the learning experience and helps you see different approaches to accounting.

Hands using a calculator at a desk with documents and folders, ideal for finance or accounting themes.
Credit: pexels.com, Hands using a calculator at a desk with documents and folders, ideal for finance or accounting themes.

Tutorials, group and student-led discussions, and class presentations are all part of the teaching style. This encourages you to ask questions, seek feedback, and contribute to class discussion.

You'll have the chance to work on real-world projects, such as preparing or responding to briefs, and writing original research or case study reports. This helps you develop practical skills and build your confidence.

A computer-based business simulation is also part of the learning experience. This allows you to manage a company and make decisions in a virtual environment.

Career and Industry

At RMIT School of Accounting, you'll gain the skills and knowledge to succeed in a diverse and ever-changing industry. The Bachelor of Accounting degree includes several work integrated learning (WIL) subjects that allow you to engage with industry, government, and community organisations through projects and work placements.

You'll have the opportunity to participate in activities that integrate theoretical learning with practical application, making you a more competitive candidate in the job market. The WIL designated subjects in this degree are BUSM2577 Integrated Perspectives on Business Problems, BUSM2582 Business Graduate Folio, ACCT1048 Financial Accountability and Reporting, and ACCT1028 Strategic Accounting and Leadership.

Photography of People Graduating
Credit: pexels.com, Photography of People Graduating

After graduating, you may find work as an accountant, auditor, or tax agent, or pursue further study or research. New jobs in accounting are emerging due to high demand for specialised knowledge in areas such as big data, data analysis, digitisation, artificial intelligence (AI), and automation, and the green and circular economies.

Professional Recognition

Professional recognition is a crucial aspect of any career, and it's great to know that this program has received accreditation from reputable bodies. The program is accredited by Certified Practising Accountant (CPA) Australia and the Chartered Accountants Australia and New Zealand.

This accreditation means that the program satisfies the academic requirements for direct entry into the CPA Australia program and the CA program. You can also apply for membership with these professional bodies, which may offer opportunities for networking and access to discipline-specific resources.

The professional bodies involved are Certified Practising Accountant (CPA) Australia and the Chartered Accountants Australia and New Zealand. Here's a breakdown of what each offers:

It's essential to note that any application for credit or exemption should be made directly to the professional body, and it's your responsibility to meet the set criteria defined by each professional body.

Career

Young woman diligently working on accounting with a calculator and documents. Perfect for business and finance themes.
Credit: pexels.com, Young woman diligently working on accounting with a calculator and documents. Perfect for business and finance themes.

As a graduate of the Bachelor of Accounting degree, you'll have a solid foundation to launch your career in this exciting field. You'll be well-prepared to find work as an accountant, auditor, or tax agent.

The degree's work integrated learning (WIL) subjects will give you valuable industry experience through projects and work placements with real organisations. This hands-on approach will help you develop the skills and knowledge you need to succeed in your chosen career.

You'll have the opportunity to engage in activities that integrate theoretical learning with practical application, making you a more well-rounded and attractive candidate to potential employers. This is particularly relevant in areas such as big data, data analysis, digitisation, artificial intelligence (AI), and automation.

The WIL designated subjects in this degree include BUSM2577 Integrated Perspectives on Business Problems, BUSM2582 Business Graduate Folio, ACCT1048 Financial Accountability and Reporting, and ACCT1028 Strategic Accounting and Leadership. These subjects will provide you with a solid understanding of the practical applications of accounting principles.

Alternatively, you may choose to pursue further study or research in a field that interests you. This could be a great way to specialise in a particular area or to stay up-to-date with the latest developments in the industry.

Year 3 and Beyond

Close-Up Photo of Accounting Documents
Credit: pexels.com, Close-Up Photo of Accounting Documents

In your third year at RMIT School of Accounting, you'll dive into capstone subjects that will help you develop strategic accounting skills and a graduate folio that showcases your expertise.

You'll study auditing, accounting perspectives, and organisational behaviour, which will give you a deeper understanding of the accounting field.

One of the best things about year 3 is that you'll get to choose one university elective subject, allowing you to explore a new area of interest or pursue a passion project.

You'll also continue to study more subjects in accounting and law, or your business minor, which will further develop your knowledge and skills in your chosen field.

This is a great opportunity to specialize and tailor your degree to your career goals and interests.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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