Analysis of Corporate Accounting Job Advertisements

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student
Name of the University
Author’s Note

CORPORATE ACCOUNTING1
Abstract
This report undertakes the analysis as well as evaluation of 30 job advertisements
extracted from four job sites which are SEEK Limited, Jora Australia, Indeed and
Linkedin. This report also discusses about the main personal attributes of the
corporate attributes demanded by the job advisertisment. The roles and
responsibilities of the corporate accountants have been discussed in this report. This
report also critically discusses about the skills, experience and attributes needed to
become a corporate accountant.

CORPORATE ACCOUNTING2
Table of Contents
Introduction...................................................................................................................3
Number of Job Advertisements and Number of Advertisements from Each Source...3
Name of the Organizations and the Industry Breakdown.............................................3
Job Titles.......................................................................................................................4
Required Personal Attributes........................................................................................5
Key Roles, Tasks and Responsibilities of a Corporate Accountant.............................5
Academic and Professional Qualifications of a Corporate Accountant........................7
Relation of Key Roles, Tasks and Responsibilities with Corporate Accounting..........7
Additional Topics, Attributes or Learning Outcomes Missing.......................................8
Required Skills, Experience and Attributes to become a Corporate Accountant and
Critical Examination of Topics Learned in Corporate Accounting................................8
Conclusion....................................................................................................................9
References.................................................................................................................10
Appendix.....................................................................................................................11

CORPORATE ACCOUNTING3
Introduction
Corporate accounting is considered as a special portion of accounting that is
concerned about the company accounting, final accounts preparation along with
cash flow statement and analysis as well as interpretation of financial results of the
companies (Atanasov and Black 2016). Corporate accountants are needed to
conduct different operations of corporate accounting within the organizations.
Corporate accountants are specialized in business accounting while responsible to
maintain the financial records of the companies in order to ensure compliance with
laws, regulations and organizational policies. They also provide internal assistance in
making business decisions (Bhasin 2013). The main objective of this report is to
discuss about the required qualifications and experience demanded by the
employers from the corporate accountants. In order to achieve this objective, this
report undertakes the analysis of 30 job advertisements on the positions of
‘corporate accountants’, corporate and management accountant’, ‘senior financial
accountants’ and others.
Number of Job Advertisements and Number of Advertisements from Each
Source
It can be seen from the above discussion that this report involves in the
collection of job advertisements from different sources. In order to achieve the
objective of this report, a total of 30 job advertisements have been collected. Among
these 30 job advertisements, 10 job advertisements have been collected from SEEK
Limited; 8 job advertisements have been collected from Jora Australia; 6 job
advertisements have been collected from Indeed; and the rest six job advertisements
have been collected from Linkedin.
Name of the Organizations and the Industry Breakdown
Name of the Company Industry
Michael Page Accounting & Finance IT Distribution
Advanced Traffic Management Service Provider
Michael Page Accounting & Finance IT Distribution
Myer Retail
HorizonOne Recruitment Recruitment Agency
Allura Partners Recruitment Agency and Advisory Firm
Doyle Executive Recruitment Agency
MPC Kinetic Energy Sector
Mine Super Superannuation
DFP Recruitment Essential Service Providers
Brookfield Asset Management Financial Service Sector
Integrate AV IT Sector
Dean & Ling Recruitment Agency
Davidson Recruitment Recruitment and Consulting
Sharp and Carter Recruitment Agency
Intuitive Recruitment Strategic Recruitment service Provider
SACARE provider of world-class housing and support
services
Sharp and Carter Recruitment Agency
Amana Living NGO
L’Oreal Cosmetics

CORPORATE ACCOUNTING4
Suncorp Group Insurance, Banking, Superannuation and
Wealth Management
Mader Group Mobile and Fixed Plant Equipment Provider
Kone Lifts, elevator and escalator industry
Western NSW Local Health District Healthcare Sector
Hays Financial Service Industry
Nickel Consulting Pty Ltd. Consulting Services Industry
TwoScots Recruitment Recruitment Agency
Robert Half Specialist Recruitment and Job Agency
CAPSTONE RECRUITMENT ASIA
PACIFIC
Recruitment Solution Providers
Morgan Mckinle Specialist Recruitment Agency
As per the above table, the majority portion of the selected jobs is demanded
by the recruitment and consultants agencies. It indicates towards the high demand of
corporate accountants in this particular industry.
Job Titles
Name of the Company Industry
Michael Page Accounting & Finance Corporate Accountant
Advanced Traffic Management Corporate Accountant
Michael Page Accounting & Finance Corporate Accountant
Myer Corporate Accountant
HorizonOne Recruitment Corporate Accountant
Allura Partners Corporate Accountant
Doyle Executive Corporate Management Accountant
MPC Kinetic Corporate Accountant
Mine Super Corporate Accountant
DFP Recruitment Corporate Accountant
Brookfield Asset Management Senior Accountant
Integrate AV Senior Accountant
Dean & Ling Senior Financial Accountant
Davidson Recruitment Senior Financial Accountant
Sharp and Carter Senior Accountant
Intuitive Recruitment Senior Financial Accountant - Global
financial services business
SACARE Senior Financial Accountant
Sharp and Carter Senior Accountant
Amana Living Management Accountant
L’Oreal Junior Management Accountant
Suncorp Group Corporate Financial Control Accountant
Mader Group Management Accountant
Kone Senior Corporate Reporting Accountant
Western NSW Local Health District Manager Management Accounting
Hays Senior Financial Accountant
Nickel Consulting Pty Ltd. Financial Accountant
TwoScots Recruitment Senior Financial Accountant
Robert Half Senior Financial Accountant

CORPORATE ACCOUNTING5
CAPSTONE RECRUITMENT ASIA
PACIFIC
Senior Financial Accountant
Morgan Mckinle Senior Financial Accountant
It can be seen from the above table that the requirement for corporate
accountants is the most in the selected job advertisements. In addition, the demand
of Senior Financial Accountants is also high in the selected advertisements.
Required Personal Attributes
Followings are the required personal attributes from a corporate accountant
that have been mentioned in the collected jib advertisements:
Strong Analytical Skills – This ability makes the corporate accountants able in
collecting and analysing information, solving problems and making decisions.
Good Communication Skills – A corporate accountant needs to be able to
communicate properly and effectively with other employees, members and senior
management about different accounting issues (Klibi and Oussii 2013).
Good Time Management – This is the process to plan as well as exercise
conscious control of time spent on specific activities.
Ability to Maintain Positive Relationship – A corporate accountant needs to be
able in developing trust with its colleagues in order to maintain a positive and strong
relationship at the workplace (Fouché 2013).
Excellent Written and Spoken English – A corporate accountant must be able in
writing different accounting reports in good English while communicating the same to
the audiences.
Expertise in Accounting Software – It is needed for a corporate accountant to
have expertise in different accounting software like MYOB, ERP and others for
conducting accounting operations.
Knowledge in Advance Excel – A corporate accountant must be able to know the
features and use of advanced excel for accounting purposes (Beattie 2014).
Positive Attitude – Positive attitude helps the corporate accountants to see the
good aspects in his staffs and colleagues so that they can be used for productive
purposes.
Computer Literacy – Since the accounting operations are highly computerized, a
corporate accountant needs to have sufficient knowledge on how to operate a
computer for the purpose of accounting (Schroeder, Clark and Cathey 2019).
Key Roles, Tasks and Responsibilities of a Corporate Accountant
Followings are the key roles, tasks and responsibilities of a corporate
accountant that have been listed in the chosen advertisements:
 One major role of a corporate accountant is to provide assistance with the
development of budgets as well as forecasts for business units.
 A corporate accountant is responsible for providing month and results
analysis against budgets as well as forecast for businesses areas.
 A corporate accountant’s role includes in helping with the Treasury duties as
well as assistance in year-end audit (Sands et al. 2015).
 A corporate accountant is responsible for the preparation of monthly
Corporate Board reports.
 His/her role includes the preparation of recurring monthly general journals for
the corporate entities.

CORPORATE ACCOUNTING6
 One major role of a corporate accountant is to provide assistance in the
preparation of the financial statements of a company.
 Corporate accountants review the corporate bank reconciliations.
 A corporate accountant is responsible for reviewing and post monthly capital
asset acquisitions, depreciations, depreciation, prepayment and expense
accruals.
 One crucial role of corporate accountant is to maintain the accounting
operations through following as well as regularly updating the required
policies and procedures.
 A corporate accountant also ensures the effective maintenance of a
company’s internal controls.
 The role of a corporate accountant includes credit management for aged
receivable balances while maintaining the provision for doubtful debts along
with the debt collection process (Mistry, Sharma and Low 2014).
 A corporate accountant provides assistance in reviewing the commercial
insurance contracts and the annual insurance renewal process.
 One major role of corporate accountant is the identification of the
opportunities for streamlining as well as automating the accounting processes
and systems in order to improve the degree of financial control.
 A corporate accountant is responsible for providing sound advice to the senior
shareholders while identifying the areas of improvements.
 Another role of a corporate accountant is the establishment of constant
process in order to improve strategies for the accounting team along with the
wider businesses.
 A corporate accountant is responsible for the effective management of cash
flows, budgeting and forecasting.
 One major responsibility of a corporate accountant is the preparation as well
as processing of journals as well as reconciliations (Dellaportas 2013).
 One role of a corporate accountant is the effective management and
maintenance of the fixed assets register of the company within the existing
Enterprise Resource Planning (ERP) system.
 A corporate accountant plays a major role in assisting with additional ad hoc
special projects.
 There is another major role of a corporate accountant which is the preparation
as well as review of statutory reporting that is activity statement, insurance
renewals and others.
 A corporate accountant is responsible for providing support to the junior
finance team members for the betterment of the overall accounting processes.
 A corporate accountant is responsible for providing financial and management
accounting service to Corporate Service and Stakeholders.
 A corporate accountant plays a crucial role in providing critique for improving
the reporting functions while ensuring the accurate and timely delivery of
information on the financial performance as well as financial position of the
groups.
 The role of a corporate accountant includes in co-ordinating as well as
implementing the system solutions as well as improvements within the
organizations.
 A corporate accountant has a crucial role to play in the monthly BAS returns,
calculation of PAYG instalment and helping with the annual income tax and
FBT.

CORPORATE ACCOUNTING7
 A corporate accountant is responsible for the preparation of monthly
consolidation, cash flows and forecast (Yusoff, Othman and Yatim 2014).
 The role of a corporate accountant includes in the management of end to end
accounts receivable and accounts payable duties.
 A corporate accountant provides back up for the finance systems and project
delivery lead function while focusing on the process improvements within
finance.
Academic and Professional Qualifications of a Corporate Accountant
The following discussion shows the key academic and professional
qualifications that a corporate accountant needs to have in listed in the
advertisements.
It can be seen from the selected job advertisements that a candidate needs to
be a CA or CPA qualified with an exceptional academic transcript and proven
prowess to streamline the accounting processes and compliance. In some of the
selected advertisements, the requirement of a minimum of 3 to 5 years of experience
in accounting experience in a commercial environment is required. After that, a
candidate is required to be qualified in different accounting packages like MYOB,
SAGE, ERP and others (Mohd Ghazali and Ismail 2013). Certain job advertisements
require tertiary education in a relevant degree like finance, accounting, business or
commerce. To come organizations, candidates with partially completed CA or CPA is
also eligible to be a corporate accountant. Some requires experience in TM1 and
Oracle. Certain organizations require the candidates to have an excellent knowledge
and understanding in AIFRS. Some organizations require the undergraduate
degrees. Therefore, it can be seen from the above discussion that a minimum of CA
or CPA qualified is required for candidate to be a corporate accountant along with
other qualifications and experiences (Kountur and Huo 2013).
Relation of Key Roles, Tasks and Responsibilities with Corporate Accounting
Every company is required to perform certain accounting operations for the
purpose of identifying the financial performance and position of the business. This is
known as bookkeeping accounting that involves in the collection, analysis,
classification, verification, interpretation and presentation of financial information.
There are different types of bookkeeping and Corporate Accounting is considered as
one of them. Corporate accounting deals with processes like the preparation of cash
flows statements, balance sheet, financial records and others (Caskey and Laux
2016). Corporate accounting can be utilized for handling unique corporate business
processes like absorption, amalgamation and consolidated documents creation. It
needs to be mentioned that the main topic converged are the formation of
companies, distribution of profit, capital reconstruction, liquidation and preparation of
consolidated accounts for a group of entities required under stock exchange
regulations and accounting standards. It can be seen from the above discussion that
a corporate accountant has certain key roles and tasks or responsibilities; and these
aspects have certain connection with the covered topics of corporate accounting (El-
Firjani, Menacere and Pegum 2014).
It needs to be mentioned that the preparation of the consolidated accounts of
a company requires the corporate accountants to have excellent knowledge as well
as understanding about different components of financial statements such as cash
flow, profit or loss, balance sheet and others. This also demands the presence of
knowledge or understanding on the aspect like accounts receivable, budgeting,