Corporate Accounting Assignment : MPA unit HI5020

CORPORATE
ACCOUNTING

ABSTRACT
The project report summarizes about almost 20 advertisements for various post of
accountants that are posted by Australian companies. In addition, roles and responsibilities for
post of corporate accountant is also summarized. As well as importance of an accounting unit
MPA HI5020 in the context of corporate accountant is also mentioned.

Table of Contents
ABSTRACT.....................................................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
1. Job Advertisements Collection and their relevant sources.....................................................4
2. Name of companies posting such advertisements and their industry breakdown...................5
3. Job Titles mentioned in advertisements collected...................................................................6
4. Required Personal Attributes mentioned in Job Advertisements Collected...........................7
5. Description of roles and responsibilities for a corporate accountant as per the collected job
advertisement..............................................................................................................................7
6. Description of all academic and professional qualification which are needed for corporate
accountant as per the collected advertisements.........................................................................10
7. Interrelation of tasks , roles and responsibility of job advertisements with the topics of
MPA unit HI5020 Corporate accounting..................................................................................11
8. What additional topics, attributes or learnings outcomes are missing from your MPA unit
HI5020 Corporate Accounting that are listed on the job advertisement...................................12
9. Critically evaluation of the skills, experience and attributes needed to become a corporate
accountant. As well as role of topics of MPA unit HI5020 Corporate Accounting to become a
corporate accountant.................................................................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
APPENDICES...............................................................................................................................16

INTRODUCTION
Corporate accounting can be defined as a kind of accounting that is associated with the
process of preparation of final accounts and interpretation of financial reports for better decision
making (Miglani, Ahmed and Henry, 2015). This is essential for companies to implement this
accounting in their operations because of its importance. Hence, the role of a corporate
accountant is too crucial as well to become a corporate accountant, candidates should have
enough skills and capabilities.
In the project report, various kind of job advertisement that are posted by companies in
Australia are described. As well as qualification, skills and attributes which are necessary to
become a corporate accountant is also mentioned. In the end part of project report, topic of MPA
unit HI5020 are analysed that play an important role for becoming a success accountant.
MAIN BODY
1. Job Advertisements Collection and their relevant sources.
As per the requirement of project report, there are 20 advertisements are gathered from
various kind of online job search sites. All the advertisements are collected which are posted by
Australian companies for post corporate accountant. Below sources of different advertisements
from which these are collected are described that are as follows:
Number of
advertisement
Source of advertisement Number of Sources extracted
1 Indeed.com 1
2 Linkedin.com 1
3 Jobserve.com 1
4 Naukari.com 1
5 Oneshift.com 1
6 Careerjet.com 1
7 Seek.com 1
8 Gumtree jobs.com 1

9 Spotjobs.com 1
10 Glassdoor.com 1
11 Naukari.com
12 Seek.com 1
13 Indeed.com 1
14 Glassdoor.com 1
15 Seek.com 1
16 Gumtree jobs.com 1
17 Linkedin.com 1
18 Indeed.com 1
19 Seek.com 1
20 Seek.com 1
21 Indeed.com 1
22 Linkdin.com 1
23 Glassdoor.com 1
24 Naukari.com 1
25 Jobserve.com 1
26 Indeed.com 1
27 Gumtree jobs.com 1
28 Oneshift.com 1
29 Linkdin.com 1
30 Indeed.com 1

2. Name of companies posting such advertisements and their industry breakdown.
In this part of project report, name of companies is mentioned who are posting the job
advertisement for the post of accountant. As well as name of industry is also described in which
companies are dealing.
Advertisement
Number
Name of company Type of Industry
1 Allura partners Financial advisory
2 Hedley scott recruitment Recruitment consultancy
3 Pursuited industries private limited Mining & Quarrying industry
4 Allianz SE Finance service provider
5 Ed App Information technology
6 Brunel GMBH Construction engineering
company
7 People in property recruitment group Recruitment consultancy
8 Canva Graphic design
9 Charter house partnership Recruitment agency
10 Future you Recruitment agency
11 Grok ventures Investment company
12 ING group Finance service provider
13 Anton Murray Recruitment consultancy
14 Credit corp group Debt collection
15 Winning appliances Kitchen and laundry appliance
provider
16 Byers scott limited Tax agency
17 All 4 people pty limited Accounting consultancy
18 FBR capital market Tax consultancy

19 WesTrac Construction
20 Walker Andersen Accounting & finance
21 NSW Transportation
22 Amana living Hospitality services
23 University of western Australia Educational services
24 Acquire technology solution Information technology
25 Mars recruitment Recruitment agency
26 Link group Financial service provider
27 Michael page Recruitment agency
28 Reo group Recruitment agency
29 Anton Murray consultancy Financial consultancy
30 Sharp and carter Recruitment agency
3. Job Titles mentioned in advertisements collected
Advertisement
Number
Job title
1 Corporate accountant
2 Management accountant
3 Senior accountant
4 Tax accountant
5 Financial accountant
6 Financial accountant
7 Accountant
8 Financial accountant
9 Senior accountant

10 Accountant
11 Financial accountant
12 Tax accountant
13 Senior tax accountant
14 Management accountant
15 Financial accountant
16 Tax accountant
17 Junior tax accountant
18 Financial accountant
19 Senior accountant
20 Assistant accountant
21 Accountant
22 Financial accountant
23 Management accountant
24 Assistant accountant
25 Management accountant
26 Senior financial accountant
27 Financial accountant
28 Corporate tax accountant
29 Corporate accountant
30 Corporate accountant
4. Required Personal Attributes mentioned in Job Advertisements Collected.
This is essential for candidates to have personal attributes as per the requirement of
companies for post of corporate accountant and for many other posts (Wagner, 2015). The

personal attributes can be defined as those skills, capabilities and characteristics of an individual
which are different from each other. Herein, it is important to know that personal attributes of an
individual can not be matched with rest of other. Below some personal attributes are described
which are required by companies in candidates:
 Knowledge of work ethics
 Leadership skill
 Sense of accountability
 Constantly learning
 Effective time management skill
 Good communication skill
 Accuracy with good performance
5. Description of roles and responsibilities for a corporate accountant as per the collected job
advertisement.
On the basis of collected advertisements for post of corporate accountant, companies
need that selected candidates should be able to perform various kind of roles and responsibilities.
Below some companies' require that candidates should have capability to perform following
roles and responsibilities:
 Provide high quality analysis, forecasting and budgeting- It is necessary for accountants
to play the responsibility of better analysis of financial data (Zalata and Roberts, 2016).
As well as to make effective prediction of future income and expenses so that budgets
can be prepared effectively.
 Preparation of management reports- Another responsibility of a management accountant
is to produce the various kind of internal reports so that effective decision can be taken.
This becomes possible in these reports, financial and non financial information is
included.
 Variance analysis- In addition, the accountants should be able to analyse the difference
between actual level of output and expected outputs. This is important to assess
companies' financial performance.

 Good computer literacy- In today's era, it is essentially required by companies that
candidates should have better computer knowledge such as cloud accounting, tally,
spreadsheets etc.
 Understanding of Australian taxation law- As per the posted advertisements, it can be
find out that companies prefer those candidates for post of tax accountants who have
detailed knowledge of Australian taxation law (Hussain, Rigoni and Orij, 2018).
 Top shelf communication skills- Companies need those candidates who have ability to
communicate with managers. Applied applicants should have oral, physical and
presentation communication skills.
 Ability to prepare indirect tax returns- To become a tax accountant, it is necessary to have
skill of preparing indirect tax returns on a monthly or quarterly basis. Under it,
knowledge of GST, FSL and stamp duty is also essential.
 Ability to prepare annual statuary financial statements- This is required by companies as
per the posted advertisements that candidates should be able to produce annual financial
statement at the end of financial year.
 Compilation of monthly financial statements including reconciliation of supporting
documents- It is important to have skill of preparation of financial statements on a
monthly basis so that further decision can be taken (Maynard, 2017).
 Effective management of accounts payable and receivable- As per posted advertisements,
this is required by companies that candidates should have skills of managing the accounts
payable and receivables.
 Tax reporting and inventory processing- This is one of the key role for a financial
accountant that is related to preparation of tax and inventory reports on time. If
candidates will have these skills then, it will be easy for companies to prefer those
candidates first.
 Advising on estimates of funding- Another role of a financial accountant is related with
able to make proper advice to owner of companies about future need of fund.
 Preparation of KPI reports- A financial accountant is responsible for producing the key
performance indicator reports on a timely basis. This is required by companies in their
applied candidates.

 Preparation of weekly cash flow statements and controlling of expenses- As well as it is
important for accountants to produce the cash flow statements on a weekly basis so that
overall expenses and income can be controlled in an effective manner.
 Producing of transfer pricing documentations involving country by country
documentation- On the basis of posted advertisement by companies, this can be seen that
candidates should be responsible for preparing the pricing documentation on a regular
time basis (Biondi and Giannoccolo, 2015).
 Preparation of different returns on monthly basis- Another role of a corporate accountant
is to prepare various kind of returns at the end of each month. As well as to make a better
coordination with tax and revenue authorities.
 Making journals of regarding to tax- This is responsibility of a tax accountant is to
prepare journal entries related to taxation that is being paid by companies to government.
As well as to advice companies to minimise the taxation amount.
 Ability to work in a collaborative manner with key stakeholders- The companies want
that candidates should be able to identify the issue of various kind of external
stakeholders. As well as to encourage them to make invest in company by preparation of
accurate financial statements.
 Conducting a high quality analysis of financial information for internal stakeholders- A
corporate accountant is responsible for making proper analysis of financial information
and provide reports to internal stakeholders so that they can take decisions.
 Interaction with external auditors and consultants- A financial accountant should be
responsible for making proper interaction with various kind of auditors and consultancy
on a regular time basis. Hence, this is required by below mentioned companies' in their
advertisement that applied candidates should have this skill.
 Managing company's ERP implementation process- As per the requirement of companies
in their job advertisement, it is important for applied candidates that they should be able
to manage company's enterprise resource planning process (Dobbs and Van Staden,
2016).

6. Description of all academic and professional qualification which are needed for corporate
accountant as per the collected advertisements.
This is important for candidates to have required academic and professional qualification
to become eligible for applying any kind of post. In the absence of required academic skills,
applicants can not be apply for any vacant vacancy (Schultz and Walsh, 2017). Such as in the
aspect of becoming a corporate accountant, applicants should have deep knowledge of accounts
and should have done any specific course. In addition, the post of a corporate accountant is
professional and specific hence only those candidates' applications are forwarded who have
required academic skills. In general, the role of a corporate accountant is too crucial for
companies, this is so because with the help of provided reports by accountants, companies can
take many important decisions. As well as can make their futuristic plans and strategies. While if
an applicant does not have proper qualification then will not be preferred for hiring and
application will automatically rejected.
Apart from it, if candidates will highly qualified then this will be easy for companies to
hire best employees for vacant posts. So as per the evaluation of roles and responsibilities of
corporate accountant, candidates must have all academic and professional qualification. So as per
the posted advertisement by companies, below some academic and professional qualification for
the post of a corporate accountant are mentioned that are as follows:
 Candidate must be from commerce stream.
 Should be able to work on Microsoft excel by having knowledge of all formulas.
 Applicants will be preferred first if they have completed any specific course such as
charted accountant ( C. A. ) , company secretary ( C . S. ) and many more.
 Bachelor degree in field of commerce such as B. Com.
 It will be better if candidates have experience of working in any entity.
So these are some academic and professional qualification which are posted by companies in
their various advertisements. As well as required by most of companies in their candidates.
7. Interrelation of tasks , roles and responsibility of job advertisements with the topics of MPA
unit HI5020 Corporate accounting.
There are various kind of roles and responsibilities which are required in candidates to
become a corporate accountant. These roles and responsibilities that are mentioned above as

well as required by companies as per posted advertisements. In addition, under MPA unit
HI5020 Corporate accounting there are different kind of topics which are included. Such as
accounting for income tax, assets, liabilities and group structures. As well as some other topics
like translating the financial statements of foreign operations, knowledge of preparing cash flows
and many more. These all covered topics have link with the skills and capabilities required by
companies in posted advertisements. Herein, below some topics of above MPA unit HI5020
Corporate accounting are mentioned that shows the interrelation:
 Accounting of income tax- This is a kind of topic which is being included in above MPA
unit HI5020 Corporate accounting and linked with the skills required by companies. This
is so because as per above mentioned roles and responsibilities of corporate accountant, it
can be seen that most of companies are demanding for those applicants who are able to
prepare tax reports. As well as should have ability to calculate various kind of returns on
a monthly basis.
 The statement of cash flow- This topic of MPA unit HI5020 Corporate accounting
defines about way to prepare cash flow of companies by help of accounting rules and
regulations (Roberts and Wallace, 2015). Same as in the above companies' posted
advertisements, this is stated that they need those candidates who are able to produce
cash flow on a weekly basis so that expenditures can be controlled. It shows the
interrelation between topic of above accounting unit and requirement of companies for
post of corporate accountant.
 The statement of comprehensive income and statement of change in equity- Same as
above mentioned topic of MPA unit HI5020 Corporate accounting, this is also related
with preparation of income statement and change in equity statement. As well as in the
posted advertisements, most of companies need those candidates who have skills to
prepare income statements and statement of change in equity on a regular basis. Hence, it
can be said that there is an interrelation between topics of above accounting unit and
skills required by companies as per their posted advertisements.
 Accounting for assets- This topic of MPA unit HI5020 Corporate Accounting is also
linked with skills and roles of as per advertisement of companies. It is so because
candidates should have knowledge about accounting for assets if they want to become
corporate accountant and this topic is included in the above unit of accounting.

So overall, it can be said that some topics of MPA unit HI5020 Corporate Accounting are
similar as the requirement of various companies for post of corporate accountant.
8. What additional topics, attributes or learnings outcomes are missing from your MPA unit
HI5020 Corporate Accounting that are listed on the job advertisement.
In the MPA unit HI5020 Corporate Accounting, there are various kind of topics are
included which are similar as per requirement of companies for post of corporate accountant in
their job advertisements. Herein, below some additional topics and learning outcomes are
mentioned that are as follows:
 Analytical and presenting skills- It is a kind of skill that is not included in the MPA unit
HI5020 Corporate Accounting and important for post of corporate accountant. This can
be defined as a kind of skill that is linked with the ability of analysing the financial data
as well as to present them in front of various kind of stakeholders so that they can assess
companies' financial position (McNichols and Stubben, 2015).
 Ability to prepare KPI and internal report- This skills is also required for the post of
corporate and not included in MPA unit HI5020 Corporate Accounting. It can be defined
as a kind of skill that is related with the preparation of performance reports and various
kind of internal reports. These reports are very crucial for companies and it is essential
for corporate accountants to has this skill.
9. Critically evaluation of the skills, experience and attributes needed to become a corporate
accountant. As well as role of topics of MPA unit HI5020 Corporate Accounting to
become a corporate accountant.
It is essential for candidates to have various kind of skills, experience and attributes to
become a corporate accountant. Below these skills, experience and attributes are mentioned that
are as follows:
Skills:
 Ability to work in team- This is a kind of skill which is important for a corporate
accountant (Homayoun, Rezaee and Ahmadi, 2015). As per this skill, candidates should

be able to work with a collaboration of all team members and for a corporate accountant
is an essential skill.
 Good communication skill- Another key skill to become a corporate accountant is that
candidates should be able to make proper communication with their superior and
subordinates. In the absence of this skill, it can be difficult to present financial reports to
managers of companies.
Experience:
 In today's era experienced candidates are being preferred first in compare to an
inexperienced person. Herein, the aspect of corporate accountant experience is not a
measure standard for selection. This is so because in most of advertisements posted by
companies, it can be seen that candidates who have experience from 0 to 3 years are
applicable.
Attributes:
 More focused towards responsibilities- It is a kind of attribute that states that candidates
should be focused towards their given task and responsibilities. This is so because the job
of a corporate accountant is responsible.
 Consistency in performance- As per this attribute, a corporate accountant should be
consistent in providing better performance.
Role of topics of MPA unit HI5020 Corporate accounting to become a corporate
accountant:
The topics of MPA unit HI5020 are very useful for becoming a corporate accountant.
This is so because some topics such as accounting for income tax, assets, liabilities etc. are
required by companies (Grifell-Tatjé, Lovell, 2015). Hence, it can be said that the topics of
above accounting unit are important in becoming a corporate accountant.

CONCLUSION
On the basis of above project report, it can be concluded that role of corporate accountant
is very crucial for success of organisations. Under the project report, various kind of job
advertisements which are posted by Australian companies for post of tax accountant,
management accountant etc. are concluded. As well as required skills, abilities for becoming a
corporate accountant is described. In the next part of project report, role of an accounting unit
“MPA unit HI5020 Corporate accounting” for applicants in becoming a corporate account is
mentioned.

REFERENCES
Books and journals:
Miglani, S., Ahmed, K. and Henry, D., 2015. Voluntary corporate governance structure and
financial distress: Evidence from Australia. Journal of Contemporary Accounting &
Economics. 11(1). pp.18-30.
Wagner, B., 2015. A report on the origins of Material Flow Cost Accounting (MFCA) research
activities. Journal of Cleaner Production. 108. pp.1255-1261.
Zalata, A. and Roberts, C., 2016. Internal corporate governance and classification shifting
practices: An analysis of UK corporate behavior. Journal of Accounting, Auditing &
Finance. 31(1). pp.51-78.
Hussain, N., Rigoni, U. and Orij, R.P., 2018. Corporate governance and sustainability
performance: Analysis of triple bottom line performance. Journal of Business Ethics.
149(2). pp.411-432.
Maynard, J., 2017. Financial accounting, reporting, and analysis. Oxford University Press.
Biondi, Y. and Giannoccolo, P., 2015. Share price formation, market exuberance and financial
stability under alternative accounting regimes. Journal of Economic Interaction and
Coordination. 10(2). pp.333-362.
Dobbs, S. and Van Staden, C., 2016. Motivations for corporate social and environmental
reporting: New Zealand evidence. Sustainability Accounting, Management and Policy
Journal. 7(3). pp.449-472.
Schultz, E. L., Tan, D .T. and Walsh, K .D., 2017. Corporate governance and the probability of
default. Accounting & Finance. 57. pp.235-253.
Roberts, R. W. and Wallace, D. M., 2015. Sustaining diversity in social and environmental
accounting research. Critical Perspectives on Accounting. 32. pp.78-87.
McNichols, M .F. and Stubben, S .R., 2015. The effect of target-firm accounting quality on
valuation in acquisitions. Review of Accounting Studies. 20(1). pp.110-140.
Homayoun, S., Rezaee, Z. and Ahmadi, Z., 2015. Corporate social responsibility and its
relevance to accounting. Journal of Sustainable Development. 8(9). pp.178-189.
Grifell-Tatjé E, Lovell CK. Productivity Accounting. Cambridge University Press; 2015 Jan 26.

APPENDICES
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