Job Advertisements for Corporate Accountants in Australia
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This study provides a summary of job advertisements for corporate accountants in Australia, including the companies posting the ads and the industry breakdown. It also highlights the required personal attributes and academic qualifications for becoming a corporate accountant. The study is based on the HI5020 Corporate Accounting MPA unit.
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CORPORATE ACCOUNTING
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ABSTRACT The study summarizes the list of advertisements published for corporate accountants by Australiancompanies.Thestudyalsosummarizescomprehensivedataontheabilities, characteristics and expertise required of becoming a corporate accountant. In addition, the function of subjects covered in the HI5020 Corporate Accounting MPA unit is stated to become a corporate accountant.
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...................4 3. Job Titles mentioned in advertisements collected...................................................................5 4. Required Personal Attributes mentioned in Job Advertisements Collected...........................5 5. List of Requisite Personal Attributes within the Job Advertisements Collected in a detailed manner.........................................................................................................................................6 6. Academic and Professional qualifications of a corporate accountant that have been listed in the advertisements collected:......................................................................................................9 7. Interrelationship of duties, responsibilities and work advertising responsibilities with the subjects of MPA division HI5020 Corporate accounting:........................................................10 8. What other subjects, characteristics or results of learning are lacking from the MPA module HI5020 Corporate Accounting mentioned on job advertisement:............................................11 9. To becoming a corporate accountant, analytically review the abilities, knowledge and characteristics required. As well as the job and roles of corporate accountant for the MPA unit HI5020 Corporate Accounting:.................................................................................................12 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14 APPENDIX:...................................................................................................................................15
INTRODUCTION The concept corporate accounting could be described as an accounting sector linked to a particular accounting division that regulates different entities' accounting procedures. Broadly speaking, this accounting includes preparing reports for businesses and analysing the economic outcomes. Based on the above corporate accounting characterization, it could be indicated that a corporate accountant's function is responsive and essential to businesses. In many nations, businesses have been growing this profession's requirement in previous years and also this requirement is anticipated to grow in the future (Bhasin, 2015). Here the eligibility and expertise ofacorporateaccountantfortheprojectstudyisstated.Thestudyalsoincludesjob advertisements in above mentioned profession post. Besides that, the study describes multiple kinds of abilities and talents required for such post. MAIN BODY 1. Job Advertisements Collection and their relevant sources: Under it, numerous types of corporate accounting advertisements were collected from variety of sources. Each of these job advertisements are gathered from various site kinds including domestic and global. Here are some other sources of gathered job advertising, as shown in table: Advertisement No. (Based on Appendices Section) Different Sources No. of extracted sources 1Glassdor.com2 2Job-seeker.com3 3Indeed.com2 4Adzuna.com1 5Gumtree.com1 6Seek.com3 7CareerOne.co m 1 8FlexCareers.co m 1
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9jobrapido.com5 10CareerJet.com2 2. Name of companies posting such advertisements and their industry breakdown Here is included in this part of the title of the project study of organizations posting advertising of vacant accountant posts. Below are the name of corporation as mentioned in appendices section: Advertisement Number Name of companyType of Industry 1ALDISupermarket 2UBER, StrathfieldTransportation 3Brookfield propertiesConstruction 4Intuitive recruitmentRecruitment consultancy 5Mighty hiveMedia consultancy 6WT partnersFinance consultancy 7Ingenium groupInformation technology 82 XM financeAccounting 9Robert WaltersRecruitment consultancy 10Hays Recruitment, Sydney CBDEmployment 11Quinn AllanManufacturer 12UBER, StrathfieldTransportation 13Mighty hiveMedia consultancy 14Ingenium groupInformation technology 15GFG allianceManufacturing company 16Reo groupFinance company
17Meritide advisor private limitedFinancial advisor 18Perpetual limitedInvestment advisor 19Puma energyOil company 20Bank of QueenslandBanking industry 21ChepRetail supplier 22Allianz AustraliaInsurance 23Ord MinnettWealth management 24Stark Visas private limitedConsultancy company 25HaysRecruitment agency 26Grant thorntonFinance consultancy 27Crumpler, Melbourne (VIC)Luggage Stores 28Skinner Hamilton-Gold CoastSMEBusinessAdvisory Services 29Port of Newcastle, NewcastleLogistics 30Mitalent, Sydney (NSW)Employment 31L'Oreal, Melbourne (VIC)Cosmetics 32Neumann Steel Pty LtdManufacture and distribution 33WVP Services Pvt. LtdBanking industry 3. Job Titles mentioned in advertisements collected Based on different job advertisements listed below, the following are descriptions of necessary employment such as: ï‚·Corporate Accountant; ï‚·Corporate Financial and Management Accountant, ï‚·Senior Tax Accountant, ï‚·Tax Accountant,
ï‚·Senior Corporate Financial Accountant, ï‚·Financial Accountant, ï‚·Senior Tax Accountant, ï‚·Senior Financial Accountant, ï‚·Junior Management Accountant, 4. Required Personal Attributes mentioned in Job Advertisements Collected. The expression personal attributes into an person can be described as those features, abilities and features that are distinct from the remainder of everyone else (Biondi, 2012). All such attributes areemployees ' qualities that vary from one another. Below are key personal attributes needed by the nine job articles, as per appendices such as: ï‚·Technical skills related to selected position ï‚·Killer time management skills ï‚·Extreme trustworthiness ï‚·Ability of coordinating ï‚·Good problem-solving skills ï‚·Flexibility as per the requirement of organisation ï‚·Creativity ï‚·Accuracy in work ï‚·Strong sense of ethics These are some personal attributes of the ads below that must be included in an person. 5. List of Requisite Personal Attributes within the Job Advertisements Collected in a detailed manner. As stated in Part 4 of the project study above, there are distinct kinds of abilities and features that are ignored in candidates by an organization called as personal attributes (About skills and attributes of corporate accountant, 2019). Included below is the explanation of the above-mentioned skill sets as follows: ï‚·Strong sense of ethics:It is one of the most relevant personal attributes that an individual or employee requires. It's not linked to any specific position or task, it is a distinguishing trait that organizations expect from an employee. Under this, it is assumed that an worker will conduct in ethical way like respecting behaviour with veterans and performing duties with complete effectiveness. Although it can be complicated for both
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corporation and staff in the lack of these attributes. Understanding that such attribute is recognized during working hours cycle is essential here. ï‚·Technical skills related to selected position-Technical skill or abilities are abilities that are linked to performing a particular job or work. Ultimately, it's quite necessary personal attribute in employees, so when an employee doesn't have enough ability linked to the chosen post then this can generate problems and troubles (Yamey, 2014.). Knowing that it attribute could be distinct from sector to sector is crucial here. As in this context regarding corporate accountant's post, it is vital to understand all the technical skills required for accounting. Along with improved coding expertise in some industries like the information security industry, software language is crucial as technical abilities. ï‚·Extreme trustworthiness:It is a sort of personal attribute that inside an employee could not be instructed or educated. It is focused on the context of human beliefs, culture and relatives. In wide sense, the qualified candidates ' businesses predict this attribute to ful- fill their duties and responsibilities with complete confidence (Bloom, 2013). Like the above characteristics, this attribute could also be screened even after a applicant has joined. It can result in different kinds of reason in the organization and in the lack of such a ability. As in corporations like Robert Walters, ALDI etc. stated above, they want their staff to be trustworthy. It is crucial due to economic operations, together with the responsibility of corporate accountant. ï‚·Good problem solving skill:It'sakind of personal attributeconnectedwith an individual's capacity in entities to address any problem. Generally, in a business, an employee is employed to solve managerial and non-financial problems, so having this attribute is crucial for a applicant. This attribute could not be learned or clarified in the people, it is embedded. Mostly organizations in today's age employ only those applicants who can fix any problem according to hired posts. In context of the above-mentioned corporate accountant, applicants must be skilled in solving any kind of economic problems. ï‚·Ability of coordinating & communicating-This is some sort of attribute linked to how anworkercommunicateswiththeirmates,co-workersandexecutives.Effective coordination and communication capabilities can bring a higher-level worker and those other abilities can assist to get a decent monthly salary amount for a job applicant. On
other side, it can also be hard for a participant to have any kind of workplace in the lack of such attribute. Besides that, that little skill is essential for a corporate accountant to introduce the fiscal result in front of executives with extremely verbal communication. That without it, it may be hard for businesses to comprehend their economic performance in lack of such attribute (El-Firjani, Menacere and Pegum, 2014). Furthermore, this characteristic is not restricted to a corporate-accountant, but also is needed for any type of industry. ï‚·Flexibility as per the requirement of organisation:Almost all of the businesses require their staff to also be able to operate according to necessity without having to worry about working hours. That little attribute describes personnel to be adaptive in nature to operate according to the company's specifications and requirements. While there may be different types of disputes in the lack of such attribute. Along with it, employee who can interrupt the development of that employee and of the corporation in a way according to the requirements of the business. Generally, flexibility not regarded as in context of working time-frame, but here other various variables which require employee personnels to be flexible with regards to pay scale, working situation. Like the respective corporations that advertised the requires flexibility attributes in the candidates. ï‚·Accuracy in work: Employees must conduct duties and responsibilities with complete precision and accuracy. It's so since in the lack of it, there could be many causes which can negatively influence the corporation's performance. It emphasises on employee's competenciesandprofessional-skills.Asincorporateaccountant'sroleaspect,the consistency and accuracy is mandated by accountant personnels in the formulated financial statements (Christensen, Cottrell and Baker, 2013). Further any commission or error in final accounts or financial statement may result in misinterpretation, false growth or even a loss in company thus it's a crucial attribute related to accountants. ï‚·Killer time management skill: Time-management in enterprises that are employee-based is valuable. Entities therefore seek for those applicants, having solid time-management skills. The relevance of such attribute is that enterprises can make meaningful use of their accessible funds. On other side, in lack of respective attribute, enterprises can have difficulty completing their routine tasks or jobs and applying funds. It is essential for corporate accountant designation as it is essential for an accounting officials to make
complete use of available time-frame so that economic reports and final statements could be delivered on time. ï‚·Creativity: This attribute is connected to the creative manner a specified job and assignment is accomplished by an employee. When staff are creative then it could be useful to corporations since this competence will address their any concern. Here, the sense of creativity is essential to report financial statements efficiently to the shareholders for corporate accountant's designation. 6. Academic and Professional qualifications of a corporate accountant that have been listedin the advertisements collected: The professional and academic credentials are crucial for corporate accountants, with the exception of personal attributes, since they require professional expertise. It is often hard for an accounting personnel to form financial reports and statements or fix any economic and fiscal probleminthelackofadequatequalifyingabilities.Ultimately,businessesallowthose applicants to be hired as a corporate accounting personnels having sufficient understanding of fiscal records, reports and trade and any particular training should have been finished. A corporate accountant's core responsibility and function is to assist businesses through evaluating multiple financial reports and statements by offering relevant and momentous advices to businesses based on their economic situation (Hillier and et.al. 2013). Furthermore, only if corporate accountants conduct their duties eg retrieving, gathering, evaluating and interpreting fiscal or monetary information, the organizations can perform their commercial activities efficiently.Italsobenefitstheestimationofinvestment'sreturns,businessproposalsor expendituresbasedonacorrectassessmentoffinancialstatementsframedbycorporate accountants. Thus on the basis of above-discussed corporate accountants' roles, sufficient and relevant academic knowledge is required for them that can be obtained through achieving bachelor and master's degree in relevant field. Finally, if any person has full and relevant educational training in the corporate-accounting sector then hiring that applicant would be unanalysablefor businesses. Underneatharesome corporateaccountant'seducationaland professional credentials, as follows: ï‚·ComprehensiveMicrosoft-Excelunderstandingandformulasusedthroughout computations.
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ï‚·Robust interpersonal skills have proven abilities in maintaining superior relationships with customers (Williams, 2014). ï‚·Any curriculum defined as mapped officer (C.A.), secretary of the business (C.S.) etc. ï‚·Extensive understanding of a specific region's legislation, laws and practices. ï‚·Working knowledge in either corporate enterprise or industry. ï‚·Excellent working speed and techniques in spreadsheets. Thus these all are key professional & academic capabilities requisite forcorporate accountant by an organization. 7. Interrelationship of duties, responsibilities and work advertising responsibilities with the subjects of MPA division HI5020 Corporate accounting: Different types of abilities are needed in job ad campaigns for corporate accountant's designation. It is because role of corporate accountant in any type of business is quite vital and essential. There are different types of subjects in the framework of MPA division HI5020 Corporate Accounting like accounting for assets, obligations, income tax and so on. These subjects are related to a corporate-accountant's position (Momin, 2013). This is so since most of above-mentioned division subjects comprise of multiple accounting aspects that perform a important part in the report of corporate accountants. Following are key topics and points of MPA-Unit HI5020 Corporate accounting, are discussed below: ï‚·Accounting for assets: This subject has to do with gaining understanding and data on how to record operations linked to different property or assets. There is specific concerted process to accomplish asset accounting. This subject is related to a company accountant's positions and responsibilities. That's because in order to register the a new asset, a commercial accountant must understand about accounting method. This may be hard for corporate accountant to track activities linked to the purchase and sale of properties and assets in the lack of this capacity. ï‚·Accounting for Liabilities: It is major MPA unit HI5020 topic of Corporate accounting which is closely linked with duties and role of corporate accountant according to earlier discussed advertisements. They must have this expertise in their applicants for Corporate ManagementandFinancialAccountantposition,likeintheIntuitiveRecruitment Company (Ward, 2012). Except for it, having understanding about proper provisioning of
different liabilities and obligations as per their nature and extent is crucial for corporate accountants. ï‚·Accounting of income tax: This is a subject matter included within the HI5020 Corporate Accounting MPA unit that is affiliated with the skills necessary under various post advertisingfor corporateaccountants.Theywant, for instance,aapplicantinthe Strathfield company who has thorough understanding of income tax. It may be tricky for applicants to be employed as corporate accountant in absence of the expertise of such topic. Therefore, for corporate accountant's designation, such subject topic related to corporate-accounting is necessary. Moreover, it is vital to assess income tax just not only for corporate accountant, but also for all accounting personnels. Accordingtoabove-mentionedsubjectmattersofMPA-unitHI5020Corporate Accounting,theinterconnectionwiththedutiesandtrainingrequiredfordesignationof CorporateAccountantisexpressedasperadvertisementpublishedin contextofvarious companies. 8. What other subjects, characteristics or results of learning are lacking from the MPA module HI5020 Corporate Accounting mentioned on job advertisement: The HI5020 Corporate Accounting MPA system comprises of different kinds of subjects that are essential to corporate accounting personnel designation. Below are defined some characteristics and attributes not addressed by the above units, such as: Customer service orientation:This attribute is most relevant and vital with respect of corporate accountant and it is not addressed in such above unit. Such attribute directly concerned with establishing superior relationship with customers to bring them in category of loyal customers group. For corporate accountants, such skill is mandatory for both private and public companies (Ngwakwe, 2012). Besides that, in the lack of such attribute, it may be hard for corporate accountants to maintain in any type of business since the main objective of businesses is to increase in size of customer group. Knowledge of accounting software:It's becoming crucial for professionals to also have comprehensive understanding of the different accounting software in this technological age. Such content is also not enclosed in MPA-unit HI5020 Corporate Accounting. Ultimately, in the lack of accurate billing technology data to the auditor, the findings may hold longer. Similarly, it can't be advantageous for businesses to hire such applicants who don't have enough internet
billing software expertise. The application of sophisticated computing-based software is growing in most businesses, making it crucial for corporate-accountants to get the above-mentioned skills. Skills to analyse and inter-prate the financial data:This ability surrounds the position of a successful corporate accountant. That's because monetary and fiscal information should be identified and analysed by the corporate accountants. That's the corporate accountant's main ability. It is often hard for corporations to evaluate the real financial situation in the lack of this ability. It is not discussed in respective unit of corporate-accounting. So these are major attribute and abilities not included in the corporate accounting section above, but that are essential for corporate accountant's designation. 9. To becoming a corporate accountant, analyticallyreview the abilities, knowledge and characteristics required. As well as the job and roles of corporate accountant for the MPA unit HI5020 Corporate Accounting: In business dimension, the function of a corporate accountant is quite crucial. To be a corporate accountant, therefore, it is relevant for applicants to have comprehensive skills, attributes as well as practical knowledge. Underneath these abilities are listed characteristics, attributes and knowledge, as follows: Integrity: This is a type of expertise linked to the capacity to integrate with the different types of company's departments. This expertise is crucial for the element of a corporate- accountant as it can assist in their job profile. This is because a commercial accountant requires to integrate with various agencies in order to collect and prepare economic data (Ramanna, 2013). Team work ability: It's a kind of proficiency affiliated with teamwork with all other employees. For applicants, it is an significant competence in becoming a excellent corporate- accountant. That's because collaborating as a squad can minimize the company accountant's workload. Moreover being able to contribute to greater exactness in the duties done. Experience: The experience and practical knowledge of all kinds of employment is a main element. Because, compared to a fresher, an skilled applicant may be more efficient. There'snoneedforanyspecificknowledgeandexperienceforcorporateaccountant's designation (Tschopp and Nastanski, 2014). In case applicants have perfect full academic and qualification skills, they can become a corporate accountant, and also almost all companies posting Corporate Accountant designation advertisement with 0 - 5 years of experience.
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Attributes: 1.Emphasizing accuracy: This is an characteristic linked to finishing assignments with complete relevance and accuracy without creating any mistakes. This is essential to have thischaracteristicinordertobecomecorporate-accountantsincethefunctionof accountant is too essential for businesses, so working accuracy is quite necessary. 2.Attentiontodetail-Acorporate-accountantshouldbeconcentratedonexplaining financial reporting and operations according to this characteristic so they can be easy to understand. Role of Corporate Accounting to become a corporate accountant: Corporate accounting includes a variety of subjects that can assist you become a smarter corporate accountant. That's because there are various subjects such as the assets accounting , liabilities, taxes, community buildings, etc. These can be helpful to become a accountant because these subjects are the same as businesses require in their work advertisements for corporate- accountant designation (Soltani, 2014). CONCLUSION On the basis of the study report, it has been articulated that corporate accountants are most vital for almost all business entities. The study concludes on aspects of job-advertisements for corporate-accountants, financial accountant, junior-accountant and management accountant etc. published by distinct businesses. It is also stated in conjunction with attributes, abilities and academic qualifications becoming a corporate accountant in study.
REFERENCES Books and Journals: Bhasin, M .L., 2015. Creative Accounting Practices in the Indian Corporate Sector: An Empirical Study.International Journal of Management Sciences and Business Research.4(10). 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). Bloom, M., 2013.Double accounting for goodwill: A problem redefined. Routledge. Christensen, T., Cottrell, D. and Baker, R., 2013.Advanced financial accounting. McGraw-Hill. El-Firjani, E., Menacere, K. and Pegum, R., 2014. Developing corporate accounting regulation in Libya past and future challenges.Journal of Accounting in Emerging Economies.4(1). pp.22-56. 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. Ngwakwe,C.C.,2012.Rethinkingtheaccountingstanceonsustainabledevelopment. Sustainable Development.20(1). pp.28-41. Ramanna, K., 2013. Why'Fair Value'is the Rule: How a Controversial Accounting Approach Gained Support.Harvard Business Review.91(3). Soltani, B., 2014. The anatomy of corporate fraud: A comparative analysis of high profile American and European corporate scandals.Journal of business ethics.120(2). pp.251- 274. Tschopp, D. and Nastanski, M., 2014. The harmonization and convergence of corporate social responsibility reporting standards.Journal of Business Ethics.125(1). pp.147-162. Ward, K., 2012.Strategic management accounting. Routledge. Williams, J. W., 2014. The private eyes of corporate culture: The forensic accounting and corporate investigation industry and the production of corporate financial security. In Corporate Security in the 21st Century.(pp. 56-77). Palgrave Macmillan, London. Yamey, B. S., 2014. The Development of Company Accounting Conventions, by. InEvolution of Corporate Financial Reporting (RLE Accounting)(pp. 243-252). Routledge. Online: Aboutskillsandattributesofcorporateaccountant.2019.[online].Availablethrough: <https://www.roberthalf.com/blog/salaries-and-skills/the-accounting-job-skills-you- need-to-succeed>
APPENDIX: Advertisement 1:
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