Study Accounting at Otago

Why study Accountancy?

Accounting is the financial language of business and non-profit organisations. As such, it is probably the most useful tool you can have when entering the business or non-profit world. If you understand the concepts and terminology of accounting, you will have a good grasp of business problems and their solutions.

Accounting is about providing financial information to help organisations plan and meet their various financial, tax or audit obligations. Creating user-friendly, flexible reports requires a team focus and the ability to incorporate other types of information.

Accountants can really make a difference in an organisation. Otago accounting graduates usually gain decision-making roles after a short time in the workplace. Far from being bean counters, they have a dynamic, challenging role. No matter what career you’re aspiring to, you will find accounting skills invaluable.

Background required

There are no required subjects to study accountancy – you don’t even have to have studied it at school. The subject continues to evolve as technology advances to allow new financial insights to be explored. Subjects that collate, record and analyse data, and subjects using English communication, would be helpful.

Careers opportunities

For an Otago accounting graduate, the world really is your playground. Many graduates start their careers in chartered accountancy firms, often working in taxation or auditing or as advisers to a range of businesses. For many, this is a stepping stone; within three or four years they move on to larger organisations such as government departments, businesses and non-profit organisations and within 10 years, their skills may have earned them a management rather than an accounting role.

New Zealand’s leading accounting firms express a strong preference for Otago-trained graduates, so look out for our recruitment fairs held in early March each year.

Many employers prefer Otago accounting graduates. They particularly like students that engage in the variety of social, extra-curricular and academic opportunities that Otago offers.

Accountancy at Otago

Accountancy is a major of the Bachelor of Commerce (BCom), a three-year degree programme.

Accounting falls into two main areas:

• Financial accounting, which is largely about producing financial information about organisations for people outside those organisations.
• Management accounting, which is about record-keeping, planning, monitoring and decision-making within organisations.

In your first year, you will learn the basic concepts, principles and techniques of accounting. You’ll learn how to produce financial statements used by most organisations and how accounting systems meet the information requirements of organisations – plans, forecasts, results. We also provide opportunities to develop critical thinking, financial analytic and communication skills, as these are attributes that are highly valued by employers and graduates.

Beyond first year, you’ll develop these basic skills and learn more about the role of accounting in different contexts. Increasingly, accountants help measure and analyse data and provide advice on sustainable business practices, with social, environmental and governance reports now common additions to traditional accounting reports.

Teaching style

The first year is lecture- and tutorial-based. In subsequent years, most teaching takes place in seminar groups. You’ll also carry out case studies, practical work on computers – particularly using Excel and financial databases – and group sessions where you and your colleagues organise your own projects and develop your communication skills.

Double major/degree options

Many students do a double major or double degree, such as a BCom in accounting and a Bachelor of Laws. Majors in information systems or finance are other good combinations. Other students choose to study accounting papers to enhance their other degrees, such as arts, physical education and science. No matter what degree you’re studying, accounting is invaluable.

Professional options

To enhance and add value to your Otago BCom in accounting, we recommend you become a member of one or more of the professional accounting associations. If you wish to work in New Zealand as a public practitioner or auditor, the Chartered Accountants of Australia and New Zealand (CAANZ), or Certified Practising Accountants (CPA Australia) are the pathways to take.

Otago’s Department of Accountancy and Finance has connections with several professional associations to suit different career aspirations:

• Association of Chartered Certified Accountants (ACCA)
• Chartered Accountants Australia and New Zealand (CAANZ)
• Chartered Institute of Management Accountants (CIMA)
• CPA (Australia)

Qualifications

Explore your study options further. Refer to enrolment information found on the following qualification pages.

• Bachelor of Commerce (BCom)
• Bachelor of Arts and Commerce (BACom)
• Bachelor of Commerce and Science (BComSc)
• Bachelor of Commerce with Honours (BCom(Hons))
• Diploma for Graduates (DipGrad)
• Postgraduate Diploma in Commerce (PGDipCom)
• Master of Accounting and Finance (MAccFin)
• Master of Commerce (MCom)
• Doctor of Philosophy (PhD)

Key information for future students

• Domestic students
• International students

Contact us

Department of Accountancy and Finance
Otago Business School
Email accountancyfinance@otago.ac.nz
Web otago.ac.nz/accountancyfinance

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Regulations on this page are taken from the 2023 Calendar and supplementary material.