Checklist of Advertisement for Corporate Accountant
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This report provides a checklist of the advertisement for the requirement of a corporate accountant. It includes the professional skills, knowledge, experience, and various abilities needed for the post. MPA unit HI 5020 is also included in the report.
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CORPORATE ACCOUNTING
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ABSTRACT This report is all about the checklist of the advertisement that is affix by the corporate of Australian for the requirement of post for corporate accountant. It also described the professional skill, knowledge, experience and various ability for the post are also included in this reports. In addition to MPA unit HI 5020 also included to complete the report. All are the qualities of a account to become a corporate accountant is required. 1
Table of Contents ABSTRACT.....................................................................................................................................1 INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 1. Accumulation of Job Advertisements and its sources:............................................................3 2.Nameofcorporatesthatpostedthedifferentadvertiseandtheirrelatedindustry breakdown:...................................................................................................................................4 3. List of the Job Titles mentioned in collected advertisements:.................................................6 4. Personal Attributes needed for the corporate accountant which mentioned in collected Job Advertisements:...........................................................................................................................6 5. List of Requisite Personal Attributes with in collected Job Advertisements in a detailed way. ......................................................................................................................................................7 6. Academic and Professional qualifications of a corporate accountant that have been listed..10 7. Interrelationship of tasks, roles and responsibility of job advertisements with the topics of MPA unit HI5020 Corporate accounting:..................................................................................11 8.Additionaltopics,attributesorlearningsoutcomesaremissingfromMPAunit HI5020Corporate Accounting that are listed on the job advertisement.....................................12 9. Critically evaluation of the skills, experience and attributes that needed to become a corporate accountant. As well as role of topics of MPA unit HI5020 Corporate Accounting to become a corporate accountant..................................................................................................12 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14 APPENDICES...............................................................................................................................15 2
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INTRODUCTION Corporate accounting is main field of the accounting that deals in the preparing and consolidating of a enterprise's general accounts and the financial statements. It is fundamental accounting presses that refers to accounting for the particular company which includes the preparation of their financial accounts, cash flow statement, measuring the financial result and specific financial events like amalgamation, merger and acquisition, consolidated final statement. The accounts of the company collects the financial, reports and relevant account from particular division and accumulated the financial information and data to prepare the financial statements for the management of the company(Bloom, 2013). In order to preparation of the financial reports and statement the corporate accountant are responsible for role and duty. In the project report the qualification, technical skill and experience are mentioned for the post of the corporate accountant. In further, it covers the content related to job advertisement for the professional. And Interest and educational status are required for the post is also included in this reports. MAIN BODY 1. Accumulation of Job Advertisements and its sources: Job advertisement can be collected from different sources in relevance with corporate accounting. Every corporates are required accountants to prepare the financial reports of that enterprise. Corporates are advertise the vacant post for corporate accountant by various channel. And here the job advertisement are collected by using different channel on national and international web site (Hillier, Ross and Jordan, 2013). Here several sources of gathered job advertisements are mentioned as follows: Advertisement Number (On the base Appendices Subdivision) ChannelNumber of Sources extracted 1Indeed.com1 2Job-seeker.com1 3Glassdor.com1 4Gumtree.com1 3
29Job seeker.com1 30Glassdoor.com1 2. Name of corporates that posted the different advertise and their related industry breakdown: In this area of the project report, the name of enterprises that are post advertisement for vacancy of corporates accountant posts are considered in this section(Momin, 2013). The name of the companies are mentioned in this section with the industry types for the vacancy of corporates accountants by referencing the appendices section as follows: Advertisement Number Company NameIndustry type 1Wise tech globalInformation technogy 2Robert WaltersRecruitment consultancy 3WT partnersFinance consultancy 4UBER, StrathfieldTransportation 52 XM financeAccounting 6Intuitive recruitmentRecruitment consultancy 7Mighty hiveMedia consultancy 8Brookfield propertiesConstruction 9Ingenium groupInformation technology 10Grant thorntonFinance consultancy 11GFG allianceManufacturing company 12HaysRecruitment agency 13Reo groupFinance company 14Stark Visas private limitedConsultancy company 15Meritide advisor private limitedFinancial advisor 16Ord MinnettWealth management 5
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17Perpetual limitedInvestment advisor 18ChepRetail supplier 19Puma energyOil company 20Broad constructionConstruction company 21OptiverFinance consultancy 22PepperFinance consultancy 23MightyhiveMedia consultancy 24HaysHuman resources 25iselectFinance consultancy 26Robert halfHuman resources 27KONE corporationlifts,elevatorandescalator industry. 28Aldi stores AustraliaGrocery stores chain 29Machael pageHuman resources 30Macias consulting pty LtdHuman resources 3. List of the Job Titles mentioned in collected advertisements: On the basis of below mentioned job advertisements, herein titles of required jobs are mentioned such as: ï‚·Senior Corporate Financial Accountant, ï‚·Corporate Financial and Management Accountant, ï‚·Financial Accountant, ï‚·Senior Financial Accountant, ï‚·Senior Tax Accountant, ï‚·Corporate Accountant, ï‚·Junior Management Accountant, 6
ï‚·Senior Tax Accountant, ï‚·Tax Accountant ï‚·Corporate system accountant ï‚·Senior corporate account manager ï‚·Senior accountant 4. Personal Attributes needed for the corporate accountant which mentioned in collected Job Advertisements: Personal attributes are the quality of a person that separate from other individual. These are the personal characteristics, traits of an individual. These skill may vary as per the person skill and ability for example honesty, good sense (Biondi, 2012). These are the inner skill of an individual and are type of soft skill that are intangible or difficult to understand by another person. Here is that are needed for the different post job as per the appendices as mentioned as follows: ï‚·Interpersonalskilllikecommunication(verbal,nonverbal),representationbody language, handling emotions and resolution of conflicts. ï‚·Work as team member ï‚·Leadership skill ï‚·passionate and motivated to task ï‚·Willing to learn more ï‚·ability to handle pressure ï‚·Ability of coordinative ï‚·Flexible as per the demand of organisation ï‚·Quality in work ï‚·Time management skills ï‚·Creative ï‚·Strong sense of ethical motive ï‚·Technical skills related to selected position ï‚·Extreme trustworthiness ï‚·Problem-solving skills 7
All the these are the personal attributes that are required in a corporate manager and other related post. 5. List of Requisite Personal Attributes with in collected Job Advertisements in a detailed way. From the above mentioned sectionof this project report, there are antithetic types of attributes and characteristics that are being seen by an system in the person, that is known as personal attributes(Agarwal and Medury, 2014). Here, description of above skills and attributes that must be in the person enclosed that is as under: Strong sense of ethics- This is the most personal attributes in a person or individual. A person must have the sense of the ethics whilework or willing to work in a corporates. This is common skill that is foreseen by a corporation in a person. A person who is working in a corporates must ethical in the manner of accountability, integrity, perception. The applicants are expected to be ethical while performing its work with discipline and regular basis. These applicant are trained professionally in the business organisation with a high sense of ethics as to set a quality standard in the organisation. It is crucial that this dimension is being identified during the working time period. Technical skills related to position- These are the abilities and skill that is required in the person to perform the activities related to the business. These are the special tech based capability that are required in the person to perform better in the enterprises. These skill may be depend on the practical knowledge of a person or related to mechanical, information technology, mathematical and scientific tasks. It is needed in the applicants to perform better in the organisation. This is the most important skill that is relevant tocorporate accountant post. Technical skills are the sound knowledge of the main field of accounting that is necessary for the same post(Brown and Dillard,2015). Trustworthiness- This is the professional power of the personal attributes that is depends on the ability to relied on the honest and trustfulness. It is all about or depends on the strengthening the relationship with colleagues and sharpen the self awareness in the particular organisation. It increases the appropriateness and transparency in the business and teammates. These are the basic attributes in the organisation that are required in the prospected applicants while performing the task activities. It is based on the human belief, culture and other aspects of the person. 8
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Problem solving skills- These are the skills that is related with determining the problem and find a better solution to the problem. These are the main skill in the management applicants that are identified as its own abstracted skill, there are other accompanying skills that contribute to this ability. Some of the problem-solving are includes asactive listening, analysis, research based, creativity, decision making, team building and communication. This is the inbuilt skill in a person that can not be taught to particular person but trained to the person to enhance the level of profession.In the context to post for the corporate accountant, prospect person should have skill to solve any type of financial problem(Chircop, Collins and Hass, 2018). Ability of coordinating & communicating with others– This is the most and key skill in the corporate accountant. There are the different types of the communication process from management to workers such as upward and downward communication process. Impressive and effective communication and coordination skills can yield an employee to higher level as well as the upcoming applicants can help in acquiring good earnings as per these attributes. On the other hand, in the lack of this dimension, it can be challenging for a candidate to get a job and good return from the organisation. For the corporate accountant, coordinating skill areimportant to represent the financial statements and report in the business in front of managing director with strong and impressive communication abilities.Otherwise, it would be difficult to management of the company to interpret the financial health of the company. So this concept of attributes related toa corporate accountant is required in the professional level(Choi, Lee and Park, 2013). Flexibility as per the obligation of organisation-Workers should be able to work as per the requirement of the business without making issue of its own working time unit. This skill is required as per the flexible needs of the organisation. Otherwise it may consists the conflicts in the organisation. The flexibility is not consider in the time format but there are a lot of factor that create some issue in the working condition, pay-scale of the employee in the organisation. Such as above mentioned companies that is posted the advertising are required to need the flexibility in the prospective applicants. Accuracy in work- It is crucial skill that needed to perform the task appropriately and accurately. This skill and attribute is based on the professional skills and ability of an individual to work at different situation. It is essential for worker to execute project and roles with proper quality. In the aspect of corporate accountant role, the quality and accuracy is mandatory in order 9
to prepared financial reports and statements by controller of books and accounts. If any error foundin the financial evidence that may lead to vast loss for company so it is a necessary attribute and skillin corporate accountant. And it may causes the negative impact on the particular company. Creativity- This is the most crucial skill that is needed in the person to apply a innovative approaches inthe business strategies. As per this skill, an individual can complete given task and work in creative manner. If employees are creative then it isbeneficial to companies as they can settle the issue by their regulatory skills . Herein, the context for the post ofaccountant, the creativeness is important to represent the the financial statements in a effective manner to its users(Di Pietra, McLeay and Ronen, 2013). Time management– This is the most important skill that defined as the ability of a person to use the time effectively and efficiently in order to enhance the productivity of the unit especially at workplace. This is the process of planning and controlling that includes the time spend on the particular activities to complete the task and projects. Effective time management facilitate a individual completing its project or task with in given period of time. For the post of the accountant this attributes are required to settle the financial issue with less time consuming to complete the task or projects and prepare the financial statement and report by using the financial information and data. 6. Academic and Professional qualifications of a corporate accountant that have been listed in the collected advertisements- Academic and professional qualification that is required in the corporate accountant are as follows: Complete knowledge of information system and its uses in calculation of the accounting data. Good sound knowledge the computer system and process such as Microsoft excel, power point and formula to calculate the budget and reports. Certified degree and courses of the professional like charted accountant (CA), chief financial officer (CFO). Experience of working in the corporates and financial services company. Detailed knowledge of the corporate taxation, rules and processors of the particular country laws(Donohoe and Robert Knechel, 2014). 10
Interpersonal skill and quality to interact with the other in a proper manner.So these are professional skills which are required for the corporate account in an organisation. These are the skillwhichdiffersthepersonfromanothercandidates.Exceptfromthepersonalskill, professional skill are also important and require in a corporate accountant. It help in the preparing the financial statement and reports by using the financial information and data and it business activities. Company is hiring the candidates for the post of corporate accountant and see and check the skill related to professional as well as personal attributes in the prospected applicants. The key role for the corporate accountant is toprovide the faithful content related to accounting standard and principle to company's management so they can analyse ready report financial condition by assessing various financial statements. In addition to , the organisations can direct their business trading operations in a proper manner or effectively when corporate accountant execute their work or job by using the gathered data, analysed information and interpreted statement and reports. It is also beneficial for reckoning financial strategies or budgets on the basis of financial statements stated by corporate accountant(Evangelinos, Nikolaou and Leal Filho, 2015). 7. Interrelationship of tasks, roles and responsibility of job advertisements with the topics of MPA unit HI5020 Corporate accounting: For the job advertisement for the post of corporate accountant, there are various skills required to play the key role of the account. The roles and responsibilities of the corporate accountant are important aspect of the purpose of the maintaining the records in the books of accounts and provides the mandatory information as required by the management of the company.In the aspect of MPA unit HI5020 Corporate accounting, there are certain topic of account that is covers under this aspects like assets, liabilities and income tax provision. These topic are related with the job role of accountant. This topics of consists the different feature of accounting that plays a significant function for the post of corporate accountants. Here some topics of MPA unit HI5020 of Corporate accounting are as follows: Accounting for assets- This section is related with information and data regarding the transactions of assets. This process covers the data related to accounting for the purchase and uses of the assets.The role and responsibility of the corporate accountant is to deal with assets 11
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class and accounting for the related records like depreciation. Sothe corporate accountant should know the process to records this particular subjects in the books of the entity. Accounting for non controlling assets-This topic of corporates accounting using the data from previous year financial statement to record the transaction of assets. It is important for the accountant should have the knowledge about recording of non controlling assets like interest (Richardson, 2013). Accounting of income tax- In the corporate accounting, the task and job role for the particular MPA unit HI5020 of accounting is to ascertain the income tax laws and provision to prepare the statements and reports by following the provision of laws in accounting. For example in the ingenium group they need a candidates who have detailed cognition about income tax. For the post of the corporate accountant, it is required good sound knowledge of their profession. Translating the Financial Statements of Foreign Operations- This topic ofMPA portion HI5020 Corporate accounting isaligned with the responsibilities and skills that is needed for corporate accountant. An applicant have good knowledge to interpretation of the financial statement and reports. Companies make the records of the business transactions from different location so it is primary for corporate accountant to have adequate skill to translate the financial statements and reports of foreign operations. 8.Additionaltopics,attributesorlearningsoutcomesaremissingfromMPAunit HI5020Corporate Accounting that are listed on the job advertisement. MPA unit HI5020 Corporate accounting, comprises of the certain topic and section that is needed for the post of accountant. Here are some basic attributes represented as follows: Customer orientation service– It is a attributes that is required in the corporate accountant. This service is all about handling the clients with their financial issues and problems. This is the additional attributes to the accountant to deal the practical situation and aspects. It may built a strong understanding between Clint and the organisation. In the adverse situation, it is difficult to increasing number of clients by an accountant. Knowledge of accounting software- In this new era of tech based system, accountant must have the sound knowledge of the accounting software to handle the practical situation in the organisation. In the lack of detailed information and data, with applying the accounting software by accountant, it may take more time to provide the information related to accounts. In addition to, the companies can implement of innovative model oftechnology that is based on 12
these accounting software which may gain tech skill to the accountant(Said Mokhtarand Mellett,2013). So all these are the additional skillonthetopics ofMPA unit HI5020 Corporate accounting, statesthe interrelationshipon roles and skillsrequired for post of corporate accountant based on published advertisement. 9. Critically evaluation of the skills, experience and attributes that needed to become a corporate accountant. As well as role of topics ofMPA unit HI5020 Corporate Accounting to become a corporate accountant. The roleof the accountant is very important in relevant to the corporates. So it required to have some extremeexperience, skills and attributes to be a legal accountant. Some of the extra skills, attributes and experience are mentioned as follows: Skill: Integrity is the additional skill that is required in the corporate accountant. It is related with compile the data of overall organisation to present the financial statement and reports. team work ability connected to the operate and handle all employees as a team. So they can perform better and it can be lead to higher accuracy in projects. Experience: This feature is must for the post of corporate accountant as these candidates know the a firm situation well and perform the activity in a effective manner. But it must have the minimum experience of 0 to 5 years for the particular post. Attributes: The personal attributes emphasizing on the accuracy of the project and task. This is a kind of dimension which is related to completing tasks with full of accuracy with no error. Attention to detail attributes focused to participating the detail business records and transaction as well as the financial statements to develop a good understand. Role of topics of MPA unit HI5020 Corporate accounting to be a corporate accountant: In relevance with the MPA unit HI5020 Corporate accounting, there are different section covered in the report that help in the become a good accountant. The different job roles as accounting for assets, liabilities, group structures and taxation etc. All the job roles help to a individual in overall development of the accountant. 13
CONCLUSION From the above report, it is concluded that corporate accounting is necessary section in the business that provides the detail and well defined data to the management. This report specify the job role of the corporates accountant and responsibilities in the business. In addition to the key skill, attributes and qualification for the post of the accountant in job advertisement. This report is also summarised the concept of MPA unit HI5020 Corporate accounting and skills required in job advertisement for different companies. 14
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REFERENCES Books and journals: Bloom, M., 2013.Double accounting for goodwill: A problem redefined. Routledge. Hillier, D., Ross, S., Westerfield, R., Jaffe, J. and Jordan, B., 2013.Corporate finance(No. 2nd Eu). McGraw Hill. Momin, M .A., 2013, June. Social and environmental NGOs’ perceptions of corporate social disclosures: the case of Bangladesh. InAccounting forum(Vol. 37, No. 2, pp. 150-161). Taylor & Francis. Biondi, Y., 2012. What do shareholders do? Accounting, ownership and the theory of the firm: Implications for corporate governance and reporting.Accounting, Economics, and Law. 2(2). Agarwal, G. K. and Medury, Y., 2014. Internal Auditor as Accounting Fraud Buster.IUP Journal of Accounting Research & Audit Practices.13(1). Brown, J. and Dillard, J., 2015. Opening accounting to critical scrutiny: towards dialogic accounting for policy analysis and democracy.Journal of Comparative Policy Analysis: Research and Practice.17(3). pp.247-268. Chircop, J., Collins, D.W. and Hass, L.H., 2018. Accounting comparability and corporate innovative efficiency.Available at SSRN 2810448. Choi, B. B., Lee, D. and Park, Y., 2013. Corporate Social Responsibility, Corporate Governance and Earnings Quality: Evidence from K orea.Corporate Governance: An International Review.21(5).pp.447-467. Di Pietra, R., McLeay, S. and Ronen, J. eds., 2013.Accounting and regulation: New insights on governance, markets and institutions. Springer Science & Business Media. Donohoe, M. P. and Robert Knechel, W., 2014. Does corporate tax aggressiveness influence audit pricing?.Contemporary Accounting Research.31(1). pp.284-308. Evangelinos, K., Nikolaou, I. and Leal Filho, W., 2015. The effects of climate change policy on the business community: a corporate environmental accounting perspective.Corporate Social Responsibility and Environmental Management.22(5) pp.257-270. Richardson,J.,2013.AccountingforSustainability:Measuringquantitiesorenhancing qualities?. InThe Triple Bottom Line(pp. 56-66). Routledge. Said Mokhtar, E. and Mellett, H., 2013. Competition, corporate governance, ownership structure and risk reporting.Managerial Auditing Journal. 28(9). pp.838-865. 15