There is indeed the shortage of skilled workers in many sectors in Australia. The skill calamity is taking a fee on performing works and hampering economic development. Businesses are using skill migration to find appropriately qualified professionals. Australia is offering several skilled visas to international workers to live and work in the country. These steps are necessary to find overseas professionals needed to meet long-term economic goals of Australia.
Mainly engineering, accounting IT sectors are facing huge scarcity of workers or trained professionals. A professional year program is a structured professional development program which combines formal learning and workplace experience for international students who have graduated from a university in Australia. It is a 44-week market-readiness program consisting of a formal learning and internship training with a hosting company to be completely ready for the market.
Respective professional bodies of universities create this program with the approval of Department of Immigration and Border Protection (DIBP). It is mandatory for graduates to join the program and get market-relevant skills required to get jobs. Completing the program successfully, graduates become ready for the jobs and awarded five migration points supporting permanent residency in Australia.
When we talk about accounting, it is one of the most respected careers in today’s business world. There is a scarcity of good professional accountants. Accountants need to have experience, qualification, analytical reasoning ability, and skills to be successful in this profession. Fresh accounting graduates lack these qualities and face problems in getting jobs in the industry.Qualified accountants are needed to take part in the financial decision-making of the businesses.They are responsible for interpreting the numbers into proper strategies to avoid financial problems. It shows the growing importance and responsibilities of an accountant in modern businesses.
An accountant should possess the higher analytical capacity, knowledge of the economic condition, and experience besides a qualification to be successful in the profession. It requires knowledge and practices to see impending problems of business with excellent mathematical calculation. Accountants can take preventive measures and strategies to increase profitability for the businesses. Hence businesses need qualified accountants to deliver success in the competitive market.
Benefits of professional year accounting
- You can earn work culture
- It will help you in official communication and teamwork
- It will definitely develop your personality and customer service skill
- Be ready to be a market-ready professional
- You can earn five migration points for PR
- You can increase your socialization with industry experts
- You can Develop your skills of writing resumes and facing interviews
Local accounting graduates aren’t enough to meet rising demand for professionals in the market. International accounting graduates who studied at Australian universities are being trained to deliver skills and knowledge in this field. The Professional Year in Accounting is a program designed for fresh graduates who love to get jobs and settle in Australia permanently. The aim of this program is to train more graduates and supply them in the market.
While undergoing the program, the students learn about Australian work ethics, communication skills, writing a resume, facing interview and networking with industry leaders. The graduates gain market-relevant skills essential to grab a job in industry and earn 5 points for permanent residency in Australia. Thus, the Professional Year acts as stepping stone for accounting graduates to start their career in Australia.
The industry-specific training module is created by CPA Australia, the Institute of Chartered Accountants in Australia, and the Institute of Public Accountants. The program consists of formal training and an accounting internship for 12-weeks with a local company to improve career prospects for the graduates.
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