Work Ready Graduates for Australian Small and Medium Accounting Firms

Abstract

Approximately 40% of graduate recruitment in Australia is by small and medium accounting (SMA) firms, firms which can face different constraints compared to their larger counterparts. Given the attributes of SMA firms it is important to appreciate what they consider makes a work ready graduate. This article reports the findings of a study that explores what makes a graduate work ready when commencing employment within an Australian SMA firm. The findings suggest that a work ready graduate for an SMA firm has a working knowledge and understanding of business accounting software programs, taxation knowledge and tax software skills. Additionally, there is a high emphasis on communication and interpersonal skills. This raises the question as to whether current university degrees are providing adequate technical and generic skill development for those graduates seeking employment with SMA firms.