Bachelor of Accounting SOP

 

                                                           STATEMENT OF PURPOSE

                            

I am XXXXXX, a permanent resident of XXXXXX Rural Municipality, Ward No. 07, Jhapa, Province No. 1, XXXXXX and I am applying to study in Australia, with an aim to continue my further education. And as a support to my idea; I have presented this statement of purpose including my reasons for studying at XXXXXX (XXXXXX), XXXXXX by which I am confident of being supported to be able to surpass the criteria of eligibility.

Academic Background

I have always been a very dedicated student in my studies as well as on extracurricular activities. I completed my School Leaving Certificate in the year 2019 A.D from XXXXXX English Boarding scoring GPA 3.10. I continued my high school in the same school pursuing Management stream. I studied Compulsory English, Principle of Accounting, Economics, Computer Science and Marketing. I completed the course on 2021 securing GPA 3.24.

As soon as I completed my +2 and received my results, I was a bit induced towards foreign studies. I even conducted a number of researches through numerous websites and I found that; to be able to apply for the countries, I have to fulfill the criteria of English eligibility and Academic eligibility. Accordingly, I started my IELTS preparation classes lasting several month and appeared the examination on 21st April, 2022 A.D and scored overall 6.5 with scores in Listening: - 7.0, Reading : 6.5, Writing:- 5.5, Speaking :-  6.0 .

Reasons to choose Accounting

I belong to the family of five members where two of the family members, my dad and my brother are Accountants holding a good position in the society and in their work as well. They both have extra-ordinary talent in accounting and their adherence to their interest coupled with their talent made me inspired and interested in accounting as well; following the legacy that my elders have earned.

Accounting, the most versatile subject for any student worldwide, is arguably the most vital aspect of any business or company. Accounting revolves around the reporting and analysis of how money flows in and out of a business, ensuring that regulations are complied with and challenges are avoided. As accounting helps to track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information it is generally used in making business decisions. The main role of accounting is to track a company’s finances in their numerous forms, from credits, debits, and profitability to payroll and tax filing. However, the skills taught in accounting prepare its student for any role, including positions outside of finance or accounting. It is a field driven by analytics and analytical interpretations, and the information derived from such functions provides a business with a record of its financial health and stability. Financial reports generated from this information can drive a company’s strategies in both the short and long term. In this sense, by studying accounting I will always be one step ahead in terms of business which will make me outstand the crowd.

 In terms of professionalism as well, studying accounting will not limit me in a one track mind which is the most adored aspect of accounting. Accounting will always keep me moving forward with new opportunities as it affords the opportunity to go in whatever career direction I may choose ranging from working as accountant, consultant, partner, government agencies or entrepreneur as well. There are key occupations in the accounting field that collectively work to push a business toward long-term stability. Accountants, for instance, are commonly charged with examining financial records to ensure accuracy and to spot financial inefficiencies, and they’re also typically tasked with overseeing corporate tax preparation. Controllers commonly supervise a company’s accounting department, from departments directly correlated to business expenditures like accounts payable to peripheral ones like payroll. A chief financial officer (CFO) is an executive tasked with analyzing a company’s financial health and using that information to plot current and future strategies for growth. Thus, I am immensely interested in studying accounting and developing myself both professionally as well as personally.

After successfully completing this Bachelor in accounting program, I can expect the following skills and knowledge:

Circumstances in my country:

Accounting and management sector has certainly flourished in the context of modern XXXXXX. More and more number of people are realizing the importance of accounting both in theoretical as well as practical ways. Every nook and corner of the country imparts the education as of now. The heart of the country, Kathmandu enlists a range of institutions providing the education in the Accounting and Business field. On the course of research, I found comparatively larger number of institutions providing me the undergraduate course in the same field here in my country through the colleges like: NCA College of Management  CCA Certified College of Accountancy ACCA College in XXXXXX  , Presidential Business School , College of Business Management  , King’s College XXXXXX , KPA Business School, Modern XXXXXX College, XXXXXX Business College etc. offered BBS (Bachelor of Business Studies) and (BBA) Bachelor of Business Administration). Also there are CTEVT programs that provide interested readers to access the subject. There is also diploma and advanced diploma program in accounting provided by the CIBT (Crown Institute of Business and Technology)  in XXXXXX.

But despite of the fact that the availability in the course is frequenting in XXXXXX, our educational system, in my opinion is yet to match the global standards. The main reason why I confidently point the fact is because of the traditional approaches the teachers and institutes use till date. The learning is more theoretical rather than enlightening the practical aspect. Hence, vast use of theoretical learning and lack of practicality made to choose abroad study. Thus, I fear continuing in the same academic environment for long time would lead me to nowhere. I would not be able to gain proper information and encounter similar situations if I continue studying in my home country.

Therefore, considering my future that’s in line, I concluded to travel overseas to be titled with the best educational degree fully laden with professional working experience. I believe it will exaggerate my language, communication skills, experience of meeting new corner from assorted countries and gain new drift of the world. Studying accounting abroad will help me to get manifest in global work convention and it will boost my implacability as I would develop myself.

Why Study in Australia than other countries?  

Decision of studying overseas and not within home country is already a daunting task which was made even more tiresome by having to choose in between the countries which offers education to international students. On this course, I urged to shortlist some of the popular study destinations offering quality of education, under which fell the topmost countries like: UK, USA, Canada, Germany, Japan and Australia. Additionally, I struggled for searching in between the institutions like: Regent’s University London (UK), University of Greenwich (UK), Middlesex University (UK), Manhattanville College (USA), Upper Iowa University (USA), Arden University Berlin Study Centre (Germany), University of Winnipeg (Canada), Royal Roads University (Canada) and University of Canada West (Canada). The abundance in colleges and universities made it more difficult to choose so I managed to choose my study destination being based upon the factors like safety, affordability, future prospects, lifestyle and exposure, weather, language accessibility, practicality and modern technologies. While studying all these factors, I chose to study in Australia due to many reasons.

Though USA is the dream destination among the XXXXXXi students especially for study, due to the recent changes in the student visa processing, there has been a considerable reduction in the number of student visas which has created problems even for some serious students having strong financial background and no intention of staying back in the USA. So, I do not want to be one of those victims and lose my valuable time. From the student’s security point of view also, USA is considered less secured as multiple shootings in the college and universities occur frequently.

On the other hand, United Kingdom (UK), the second most popular destination for international students only after the USA, has a history of unstable immigration laws. The recent exit of UK from the European Union has created political instability within the region and put questions regarding the future of the students.  This gives international students a lack of security and an unsafe situation to study in. Additionally, the tuition fees in the UK are extremely high (ranging from 13,000 Pounds to 17,500 and 18,000 Pounds a year which is nearly equal to AUD 32,900- AUD 33,900) and living cost is also very high. Also the weather is very unpredictable in UK which can invite sickness to me.

Canada has still been a fruit which we can only dream of but never achieve, as getting study permit of Canada for international students from XXXXXX is really rare regardless of the strong and genuine documentation. Also, the cold climate makes it difficult to study and survive there.

The nations which have English as a second language will be difficult to adjust on in spite of the affordability and lower tuition costs (8000 to 12000 Euros per year approximately AUD 15,000 to AUD 19,000). The countries like Germany, Japan, France and other European countries requires additional language skills to be eligible to study, which lengthens my processing time and creates a language barrier to me while I will be commuting in the local market.

On the other hand, as both a country and a continent, Australia offers a safer environment to its students along with a quality of education and affordable standard of living.  Moreover, Australian colleges/universities offer world class education with varied courses to many international students and easy visa processing with affordable tuition fees and living expenses around 40%-60% lesser than that of other study abroad destination. Similarly, the students can take advantage from its new in XXXXXXtion and research sources. Education wise, Australian institutions offer a wide variety of world-ranked and internationally recognized qualifications, a feat XXXXXX has yet to achieve. There are a few of the many reasons; I along with other international students seek to study at a good Australian institution. A solid foundation in my field of study would aid me in my future career opportunities. Moreover, this is a great way for students to get exposure in the world and utilize the time wisely. Furthermore, Australia has a multi-cultural society where everyone can study and live in a safe environment. The Australian government has also set in place measures for international students to feel their well-being and social security are being safeguarded under the Education Services for Overseas Students (ESOS) framework, which are laws which protect the rights of international students studying in Australia, including the Education Services for Overseas Students (ESOS) Act 2000 and the National Code 2007.Under the framework, the rights of an international student include:

·         Student’s right to receive, before enrolling, current and accurate information about the course, fees, modes of study, and other information from the institution and the institution’s agents.

·         Student’s right to sign a written agreement with the institution before paying fees, setting out the services to be provided, fees payable, and information about the refunds of course’s money.

·         The Tuition Protection Service (TPS) is a placement and refund service for international students, which is activated in the event that the institution is unable to teach the student’s course.

And I know when I am studying in Australia; I am safe and also protected by the Australian law in favorable climatic conditions that almost make me feel like my home. Also, I will not be preparing myself for a language barrier and am confident of making friends easily. Knowing all these measures reassured me as a prospective international student.

Reasons for Choosing XXXXXX (XXXXXX)

Australia being home to top universities among the world, it was quite a dilemmatic condition for me as I had to choose just one out of a large sea. Though it was a diploma program which I was focusing on, first I looked out for the universities in Sydney; whose name I frequently have heard through my friends and relatives, that included: - Federation University, Monash University, RMIT University, Swinburne University, Victoria University, Charles Sturt University, Southern Cross University, Deakin University and so on. At Deakin University, Charles Sturt University, Southern Cross University, there were only Bachelor’s course for undergraduate studies and graduate diplomas were provided as postgraduate degree , . On the other hand, Victoria University provides Bachelor of Business (Enterprise) lasting a year that costs AUD 11,250 per semester; however, it has only one unit relating to accounting (Accounting for Decision Making) which was completely out of my interest field  . Also, UOW provides the course, Diploma of Business and Bachelor of Business 2 sessions and 3 sessions for 7 months and 12 months respectively however the tuition were relatively higher than expected resulting AUD 27,810 course fee for just a year, whereas the cost in institutes would barely exceed the amount even if we study for 2 and half year.. And the acceleration and 2nd year entry programs introduced by WSU and UTS Insearch were nowhere closer to being economical  also the entry requirements were comparatively higher. But I found a moderate institute which provides me quality of education like a university and practical knowledge like a college at a very affordable tuition fee of AUD 14893.33 per year which is lesser than most of the university’s cost for a Business Course at a location which I adore.

Future career plan

I strongly believe that better opportunities will be on my way after completion of my study. Earning this degree would enable me to strengthen my skills to better serve and will certainly be something providing me with broad opportunities in Business and Government sector. My coursework coupled with my interest will allow me to function well. I have many ambitions for myself as I embark on this stage of my life. I believe that this particular study will provide milestone in my career along with invaluable experiences and skills that will allow me to become a successful, in XXXXXX tive professional and give assistance to accomplish my goal.

 My ultimate goal in my career is to make a commendable contribution to the business world either by starting an inXXXXXXtive venture or by doing research which would change the dimensions of future computing and the way we perceive the managerial field. Moreover, a career with open prospects would give constant incentives to improve myself and to gain more knowledge. After completion of my Bachelor Degree, I can work as a Professional Accountant, Auditor, Banker, Business analyst, Business consultant, Business management, Commercialization manager, Finance manager, Investment consultant, Taxation officer, Forensic accountant, Fund accountant in many of the firms.  Graduated with this degree, I can find job in both small and large, public or private sectors such as accountancy firms, public sector, management consultancies, insurance companies, investment banks, building societies where I can work as stockbrokers, forensic accountant, company secretary, chartered accountant, chartered certified accountant, chartered public finance accountant, chartered management accountant. In addition to this, there are other career options such as Tax advisor, purchasing manager, management consultant, economist, licensed conveyance etc.

I would like to work as a Professional Accountant where my main job role of a professional accountant is to perform critical financial estimates for various businesses and organizations across various domains.

So, once I complete this degree, there are many opportunities in XXXXXX. I will able to work as a certified accountant, investment adviser, or tax accountant for government or private banking institutions, different hotel chains, Airlines companies like : Himalayan Airlines, XXXXXX Airlines, Buddha Air , and other most prestigious companies in XXXXXX; from the degrees that I have earned from Australia. Similarly, I can pursue a career as a financial or loan officer or accountant in the banking and financial sector, including the XXXXXXese "A" commercial bank like NABIL Bank, SBI Bank, Siddhartha Bank, Everest Bank, Rastra Banijya Bank and so on. It helps me grow professionally in the fields of accounting and finance. I expected a minimum wage equivalent to NPR. 60,000 to 80,000 depending on the type of organization, which is sufficient for my living expenses and future savings. On the other hand, I might as well do the internship in one of the top companies of the countries including CG Group  , Sharda Industries  , Dabur XXXXXX, Golcha Group, Unilever, Khetan Group and Bottlers XXXXXX. After gaining a number of experiences through these internships I will be able to successfully handle the pros and cons of the businesses and their accounts.

After gaining the best experience in different organizations and expanding business relationships, my long-term intention is to provide consulting services at an affordable price to assist all classes of business people. There are various advertising agencies and outsourcing companies for employment after returning to home country i.e. , , and CMS XXXXXX. I can also find out about vacancies with the help of national newspapers such as The Kathmandu Post, The Himalayan Times and The Republica.

Thus, I see a variety of job opportunities and bright career prospects with a better future when I am to return to my hometown from Australia. Therefore, I would like to actively participate in shaping the future of young students by giving them the correct information, knowledge, and a practical approach to how to use theoretical knowledge for the overall development of the country.

Incentives to return

Finally, pursuing the best and career-oriented education will be my sole mission and I will remain in Australia as a bona-fide and disciplined international student. I have been loyal till date and swear to prove my abilities to be a good student of XXXXXX College in the days to come if provided the opportunity. Undoubtedly, expatriate life can be very exciting. The experience and challenges of life abroad develop one as a person, teach new skills and enhance capabilities, create new meanings in life and generally translate into valuable memories, which are worth remembering for many years ahead. I feel my journey to Australia is to broaden my knowledge and skills and gain every important detail felt necessary to lead a successful life along with inspiring young aspirants in future days to come. I believe there is a wonderful life laid to me after returning back to home country. Among different factors that motivate me to be back in my home country the major being my love and zeal to work for the betterment of my homeland and society at large. I have always relished the hope of being with my family members and work for the fulfillment of their needs and betterment.

 

 

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