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What Can I Do with a Degree in Taxation and Accounting? Taxation and Accounting

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What Can I Do with a Degree in Taxation and Accounting? Taxation and Accounting What can I do with a degree in Taxation and Accounting? Taxation and Accounting. Career planning: • Extra-curricular activities can help, for example What is Taxation and getting involved in clubs, mentoring, cultural what do I need to know? groups, part-time work or volunteering Accounting? Knowledge of yourself is important for career • Be open to professional and personal Taxation is much more than interpreting and decision making. Start by looking at your personal development opportunities. Whether it is applying legislation. Societies need taxation goals, abilities, values and interests to explore undertaking an internship, study abroad, skills in order to redistribute wealth, to provide for study and career options that are relevant to you. seminar, or joining an industry group — these expenditure on public goods and services, as Some of these may change over time, so it is activities will enhance your employability. well as serve as a tool to influence behaviour. important to self-reflect and evaluate your career What else should I know? Taxation is a core area within accounting and on an ongoing basis. The career options in this brochure are examples law, drawing together concepts from these What do employers look for? only and the list is not exhaustive. Some careers disciplines, with those from economics. may require further study beyond a first degree or Knowledge and theories in other fields, such as Many employers look for generic skills such as history, psychology and sociology, are applied communication, customer-focus, bicultural additional work experience. Some pathways and degrees have a recommended school background. to help understand the impact of taxation on competence, cultural awareness and teamwork. society. With technology and globalisation changing the Find more subject details at nature of society, skills such as resilience, problem www.canterbury.ac.nz/subjects/ Chartered Accountants Australia and New solving and adaptability are valuable at work as taxationandaccounting Zealand, and CPA Australia include taxation well as in life. If this brochure does not answer your questions, courses in their ‘core’ and ‘accounting and/or talking to an expert such as a career consultant business-related’ academic requirements. How can I develop these skills? can help you to identify the next steps in your • Some skills are developed through your degree career decision making journey. www.canterbury.ac.nz/careers Te Rōpū Rapuara Careers AT A GLANCE What skills have UC Where have UC graduates gained? graduates been Through their Taxation and Accounting degree, employed? increase in graduates develop a valuable set of transferable Studying taxation will equip you with the skills the number of skills that includes: accountants and knowledge to become a taxation specialist • Logical and quantitative thinking 3.1% expected by within the Accounting profession either as a: 2023* • Numerical confidence • Commercial professional or • Interpretive and analytical thinking • Chartered accountant/Certified practicing • Problem solving skills accountant. • Practical application of knowledge UC graduates have been employed in: is the amount • Understanding of tax law and regulations. • Chartered accountancy firms, taxation experts $102k– senior level Opportunities to apply your learning beyond and management consultants eg, KPMG, PwC, accountants campus are available through work-integrated Deloitte, EY, BDO, Grant Thornton Hargreaves, $202k can earn** learning (eg, internships) and international study Moore Stephens Markhams, Soutar & tours. These experiences deepen your skillset, Associates, HC Partners LP, Staples Rodway, working knowledge, and employability. Crowe Horwath, Nexia New Zealand • Parliamentary auditors eg, Audit New Zealand • Government bodies and crown entities eg, Inland Revenue Department, Public Trust • Banking eg, ANZ, Westpac, BNZ, Kiwibank • In manufacturing, construction, information management, retail, logistics, software and more. As a Taxation and Accounting graduate you will be able to work globally. * MBIE Occupational Outlook ** www.careers.govt.nz What jobs and activities Forensic accountant qualifications.** In Australia and New Zealand, • Examines illegal financial activity these qualifications are associated with joining do graduates do? one of the following: • Analyses financial information and data for Graduates with this degree are employed in a evidence • Chartered Accountants Australia and range of jobs — see some examples below. New Zealand (CA ANZ) • Acts as an expert witness www.charteredaccountantsanz.com Note: Some of the jobs listed may require further study. See ‘Professional bodies’ and ‘Further study’ Internal auditor • CPA Australia sections on this page. • Carries out audits of systems www.cpaaustralia.com.au • Advises management of the strength and • ACCA Tax consultant reliability of internal controls www.accaglobal.com • Engages in tax planning and transaction • Reports to the board of directors Having a professional presence on social structuring media networks such as www.linkedin.com • Provides advice about tax obligations Tax auditor and Facebook can help you to keep up to date • Ensures tax laws are complied with • Examines financial statements and tax returns with important industry developments and trends, networking opportunities, events and • Advises large enterprises on cross-border • Undertakes investigations and reviews job vacancies. Following relevant professional tax issues • Ensures tax deductions, income and credits are bodies, organisations, companies and thought accurate and lawful Accountant leaders is a great way to gain a deeper awareness of the industries that interest you. Social media • Manages the flow of money through Interest rate risk manager presents an opportunity to build and enhance an organisation • Helps clients to manage their interest rate risk networks as well as to display your involvement • Reviews and analyses the performance of • Tailors solutions to meet client needs and goals in projects and any academic successes. businesses, governments and other entities ** • Uses market insight and risk management Note: specific courses must be included in your degree. Speak to a Business Student Advisor. • Provides financial advice to managers, strategies entrepreneurs, business clients and governmental bodies Entrepreneur Why do further study Entrepreneurship and innovation are an increasing Financial controller, finance manager and what are my part of the working landscape. Through generating • Manages the finance team a business idea, or getting involved in a start- options? • Oversees financial accounting and up/business venture, you have the potential to For many Taxation and Accounting graduates management reporting create a work opportunity that aligns with your study will be done while working under the knowledge, skills, values and risk profile. To get • Analyses performance against objectives and guidance of a qualified chartered or certified started on how to establish, run and grow a new recommendations for improvement accountant. business, go to Te Pokapū Rakahinonga, Centre for Business analyst / consultant Entrepreneurship at the University of Canterbury Postgraduate study can facilitate career benefits such as specialist skills, entry into • Generates financial and other information www.canterbury.ac.nz/uce a specific occupation, higher starting salary, • Reports on organisations, projects, contracts faster progression rate and advanced research • Analyses economic and business trends to What professional capability. It is important to determine which, inform decisions and protect interests organisations can I if any, further study will help you in your future career. Auditor, audit analyst engage with? UC offers an MBA for those with work • Examines financial statements experience, as well as honours, master’s Pathway to chartered or certified accountancy • Provides evidence as to the accuracy of these (including taught masters), and doctoral Some Taxation and Accounting major students programmes in Taxation. Advanced study • Checks the legality of funding use aspire to become chartered or certified can lead to an academic career. accountants. The Bachelor of Commerce Taxation For qualification listings visit and Accounting major is a pathway to external www.canterbury.ac.nz/courses Useful links Te Rōpū Rapuara UC Careers www.canterbury.ac.nz/careers Careers New Zealand www.careers.govt.nz Ngā Kaitatau Māori o Aotearoa | National Māori Accountants Network www.nkmoa.co.nz Rich McGill very much focussed on helping our clients meet our team who have also completed international their compliance obligations through providing transfers would say the same. Lastly, another certainty often with the help of Inland Revenue massive highlight has been the on-going flexibility through its rulings regime. that the career in tax and PwC has given me so that I can do big things outside of work (like completing What has your career looked like the Coast to Coast in 2019). PwC is ahead of the so far? curve in promoting flexible work practices. I graduated from UC way back in 2003 with What advice do you have for conjoint degrees in Law and Commerce. From someone considering taxation there, I joined the Tax team at PwC Auckland, accounting as a career? where I also studied towards my CA and became admitted to the High Court. PwC also sponsored Tax is a broad practice area with plenty of me to complete a Master in Tax at the University opportunities
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