Growth and Future Scope of Accounting Services Industry: Job Profiles and Payscale for Finance Managers

Running head: FINANCE
Finance
Name of the Student:
Name of the University:
Author’s Note:

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FINANCE
Table of Contents
Part 1................................................................................................................................................2
Growth in Accounting Service Industry......................................................................................2
Future Scope of Development in Accounting Service Industry..................................................5
Job Profiles in Accounting Service Industry...............................................................................6
Role of the Finance Manager in a business.............................................................................6
Key skills and Competence.....................................................................................................7
Payscale of the Finance Managers...........................................................................................8
Qualification and Competencies of Finance Manager.............................................................8
Part 2................................................................................................................................................9
Introduction to the Company.......................................................................................................9
Working Environment and Culture of the Company.................................................................10
Part 3..............................................................................................................................................10
Conclusion.....................................................................................................................................12
Reference List................................................................................................................................13

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Part 1
Growth in Accounting Service Industry
The book keeping and accounting industry is a key sector and is associated closely to the
various business sectors. The profession of accounting has the liability of reporting in accordance
to their financial performance to the common investors and the stakeholders. Hence, it can be
stated that the profession of accounting has an essential role within the economy and even
towards the other industries that are operational in the economy (Parker 2013). The profession
gives out various services that are inclusive of the maintenance of payroll, bookkeeping and
various other services. Furthermore, with the innovative development and swift expansion of the
organizations, the main focus has been on accounting and this has developed. There are several
standards which are created so that the entire quality of the profession of accounting can be
developed further.
By reviewing the market scenario and the current condition in Australia, it can be
forecasted that the profession of accounting has created around $20 billion revenues in Australia
with a essential amount of growth rate (National Industry Insights Report. 2017). The industry is
very much attractive and with the development of the business and the new businesses coming
within the industry. According to the forecasts which have been reviewed, the industry of
accounting has shown a development of 2.6% within the year 2012 to 2017 (Afpbb.com.au.
2019). The extent of unemployment in the industry that has been selected is found to be 115,000.
Industry Revenue (2013-
2014) $ 17 billion approx.
No of Employees from the
Section 115000 (2017)
Number of Accounting
Services Firms 31,762

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FINANCE
Wages 2013-2018 $ 20
billion
Proportion from Total Market
2013-2018 11%
Overall Growth in the
accounting Service Industry
2.6% (2013-2018)
Figure 1: (Table Showing data of growth rates of Australian Accounting Service Industry )
Source: (National Industry Insights Report. 2017)
Figure 2: (Employment status in the field of Accounting in the country)
Source: (National Industry Insights Report. 2017)