HI5020 Corporate Accounting: Doc

CORPORATE ACCOUNTING

ABSTRACT
Corporate accounting is an essential part of accounting which includes accounting of
organisations, preparation of financial statements, cash flows, analysis and interpretation of
financial statements and results. It also deals with amalgamation, preparation of consolidation
and absorption. In the report 30 job advertisement is collected from the job portals like SEEK,
INDEED and JORA. From the collected data, personal attributes has been identified which are
required in job profile of corporate accountant. Generally there is a need of person qualified in
CA, CPA, CFA, CIMA and other relevant courses of finance and accounting.

TABLE OF CONTENTS
ABSTRACT.....................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................2
1. Job advertisement collected from each resources ...................................................................2
2. Names of organisation and their industry breakdown.............................................................2
3. List of job titles collected ........................................................................................................4
4. Personal attributes of corporate accountant............................................................................7
5. List of personal attributes required for corporate accountant as per author understanding...17
6. Professional qualifications listed in the collected job advertisement....................................17
7. How key roles and responsibilities collected from the job advertisement is related to the
tasks, roles and responsibilities learned in corporate accounting unit.......................................17
8. Additional attributes, topics and learning outcomes which are missing from MPA unit
HI5020 Corporate Accounting...................................................................................................18
9. Skills, attributes and experience required to become corporate accountant and how they
have helped in gaining skills......................................................................................................18
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................20

INTRODUCTION
Corporate accounting is a branch of accounting where accountant prepare financials of
the company such as cash flow statements, final accounts, data analysis and interpretation etc.
these are useful for companies to identify their performance and make policies. Corporate
accountant role is to analyse the financial data in order to find out issues and solve them. Present
report will include collection of job advertisement from job portals like Seek, Jora and Indeed. In
the report there was 30 job advertisement collected and their skills, experience, personal
attributes required for corporate accountant were also collected.
MAIN BODY
1. Job advertisement collected from each resources
There was total 30 job advertisement collected from the job portal. From each source job
advertisement collected was 11 from SEEK, 6 from JORA and 13 from INDEED.
2. Names of organisation and their industry breakdown
SEEK Job portal
Company name Industry
DFP recruitment Financial service
Mex Accounting Accounting
Bluefin resources Financial services
Drake International Consultancy
Valspar Paint
FJMT Architecture
Avante It IT service
Private Advertiser Home improvement businesses
Wagga Wagga city council -
1

Officeworks Business Services & Corporate Advisory
Findex Corporate advisory
INDEED job portal
Company name Industry
Accenture IT
Flor-hanly Commercial and agribusiness accountants
Goodman Rexel Food
Hitachi construction machinery Construction
Noni B group support office Retail online shopping
Pepper group Financial service
Coffey Geoservices and project management specialist
Grant Thornton Australia Consultancy
Bunzl Marketing
Broad Construction Construction
CPB Contractors Construction
Lockheed Martin Australia Advanced technologies information security
Aerospace defence
Moody's Investors Service Finance
2

JORA job portal
Company Industry
Aequalis Consulting Consultancy
Davidson Recruitment Consultancy
Urbane recruitment M&A advisory and capital markets
KK partners group Pty Ltd Accounting, taxation business advisory
Manhattan Group Banking
Rising Tide Financial Services Weather forecast
3. List of job titles collected
Job title from JORA job portal
JOB TITLE
Corporate Finance Analyst
Corporate Finance Analyst
Corporate finance
Tax Accountant
Tax Accountant
Tax Accountant
3

Job title from SEEK job portal
JOB TITLE
Corporate accountant
Tax Accountant
Tax Advisor
Financial Administrator
Financial Accountant
Assistant Accountant
Account receivable
Financial and management accountant
Finance Officer
Finance Business Partner
Accounting Officer - Chinchilla
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Job title from INDEED job portal
JOB TITLE
Junior accountant
Senior accountant
Senior accountant
senior financial accountant
senior financial accountant
senior financial accountant
senior financial accountant
Corporate Finance Senior Associate
Finance accountant
Senior taxation accountant
Corporate finance
Multi Functional Financial Analyst Associate
Associate Analyst, Corporate Finance
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4. Personal attributes of corporate accountant
There are various attributes collected from the job advertisement which are required from
a corporate accountant which are as follows:
SEEK job portal
Company name JOB TITLE Personal attributes required
DFP recruitment Corporate Accountant Qualified accountant with the
experience of public accounting
practice, CA or CPA, strong budget
and forecasting experience and good
communication skills (SEEK, 2019).
Mex Accounting Tax Accountant Minimum experience of 2 years in
taxation and business service, CPA\
CA qualified, experience in Xerox,
quick books and MYOB,
communication skills, fluent in
speaking English, play role of
mentor and supporter and review
work of junior members and good
written and verbal skills.
Bluefin resources Tax Advisor Qualified CA\CPA, 7 + years of
experience in taxation, expert in
Excel, experience in the application
of AASB 112 in respect to deferred
tax accounting and ability to thing
outside the box.
Drake International Financial Administrator Background of accounting and book
keeping, good in MS office Suite and
Sap, strong administrative skills,
communication skills, flexible in
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working with people at all levels,
qualified in finance or business
administration, worked closely with
logistics and manufacturing (SEEK,
2019).
Valspar Financial Accountant CPA or CA qualified( partially or
completed), experience in month-
end-process, yearly, quarterly,
managing reconciliation, strong
understanding and knowledge of
accounting systems, taxations,
statuary reporting, business
principles, IFRS, payroll accounting
experience which includes hypo tac ,
advance Microsoft office skills,
experience in US GAAP and
exposure of oracle, Hyperion etc
(SEEK, 2019).
FJMT Assistant Accountant Accounting degree or similar degree
of accounting education, 3 to 5 years
of experience as an accountant, CPA
qualified, exposure of large SAP,
ERP, strong communication skills,
ability in communicating with
external and internal stakeholders
both written and verbally, capability
of working in changing environment
and need to be flexible and
proactive.
Avante It Accounts receivable Good Excel skills, able to work in
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pressure, good quality written and
verbal communication skills, skills
of turning data into meaningful
information, experience with Xerox,
Tableau and strong conceptual and
analytical skills, high attebtion on
detail(SEEK, 2019).
Private Advertiser Financial and management
accountant
Expert in financial and management
accounting (P&L, balance sheet,
accounting issue resolution and
investment spends), qualified in
related degree, experience in
managing payroll, knowledge of
standards of management accounting
and financials policies, skill of
understanding and analysing
financial information. Knowledge of
financial system including Sap
general ledger, financial
management, Excel and ARR cube.
Post graduation in CA\CPA.
Wagga Wagga city
council
Finance Officer Bachelors in accounting degree,
excellent skills of interpersonal and
emotional intelligence having
concrete track records and
influencing skills (SEEK, 2019).
Collaborative working styles, good
communication skills (verbal and
written), time management and
organisation skills.
8

Office works Finance Business Partner Detailed understanding of
commercial framework, develop
budget decision making skills,
forecasting, strong communication
skills, resourceful person who is
capable to drive outcomes from the
data.
Findex Accounting Officer -
Chinchilla
Secondary school certificate,
certificate IV in financial services,
bachelors in commerce, strong
verbal and written communication
skills, highly organise, expert in MS
office including Excel, word and
outlook. Experience in accounting
programs like MYOP, Xerox,
Quickbooks (SEEK, 2019).
9

INDEED job portal
Company name JOB TITLE Personal attributes required
Accenture Junior accountant Information of general
accounting areas, operational
excellence, customer service,
ability to perform transaction
of complex and sensitive
nature, perform all the
responsibility within time
accurately, fluency in English,
knowledge of general
accounting responsibilities in
the market, financial
accounting policies, US
GAAP, FASB, IFRS and
internal control standards
(INDEED, 2019).
Flor-hanly Senior accountant Knowledge of finance such as
trial balance, preparation of
annual budget, managing inter-
company transaction,
leadership skills, maintaining
balance sheet, P&L.
Goodman Senior accountant Bachelors in commerce,
qualifies CA\ CPA, strong
communication skills both
written and verbal, good
interacting skills, strong
technical capability,
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influencing skills, experience
of 3 to 5 years, knowledge of
Excel, professional general
ledger, capability in working
with range of MYOB and
Quick-books products
(INDEED, 2019).
Hitachi construction
machinery
Senior financial accountant Knowledge of financial
statements and help with audit
process, ability to
communicate with internal and
external stakeholders,
technical knowledge, highly
experience financial
professional, qualified CA\
CPA, experience in big 4
accounting firms and practical
knowledge, excel skills, ERP
system, Oracle etc.
Noni B group support office Senior financial accountant Qualified CA\ CPA, strong
understanding of IFRS
specially of Australian
accounting standards,
experience of 5 to 8 tears,
strong Excel skills,
communication and
interpersonal skills, motivation
for personal career
development, SAP experience,
dedication to work and
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experience in mining and
resource industry (INDEED,
2019).
Pepper group Senior financial accountant CA\CPA qualified, 6 + years
of accounting experience,
experience in working with big
organisations, variance
analysis, issue resolution,
reconciliation, process
improvement, expert in Excel,
various financial software,
strong time management skills,
and excellent inter-personal
and stakeholders management
skills (INDEED, 2019).
Coffey Assistant financial accountant Experience in similar role
within a large cooperate
environment, string costumer
service skills, excellent
communication skills (verbal
and written), expert in MS
office product specially in
Excel. Help in preparing
payroll, IAS, FBT, ITRs etc.
Grant Thornton Australia Corporate Finance Senior
Associate
2 to 4 years of experience
ideally in accounting or
valuation, CA\CPA qualified,
CFA will be highly regarded,
ability to work independently ,
experience in building,
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interpreting complex, strong
financial model, capability in
writing report and financial
analysis. Capable in working
in team (INDEED, 2019).
Bunzl Finance Accountant Degree in accounting or
commerce , minimum
experience of 5 years, strong
accounting skills, ability in
learning new skills and adopt
change quickly, exposure in
commercial organisation,
flexibility in performing
different task and power of
translating financial
information into meaningful
information.
Broad Construction Senior taxation accountant Ability to learn new skills,
need to be flexible, flexible in
working with team, strong
communication skills,
excellent stakeholders
engagement, self-motivated
and auto-driven person.
CPB Contractors Corporate finance Bring innovative solutions,
learn new skills, communicate
well and advise juniors, deliver
high quality outcomes, need to
flexible and adaptive
(INDEED, 2019).
13

Lockheed Martin Australia Multi Functional Financial
Analyst Associate
Professional experience in
accounting and finance,
knowledge of accounting
principles, customer liaison
role, ability in analysing and
interpreting reports,
Moody's Investors Service Associate Analyst, Corporate
Finance
Minimum undergraduate or
bachelors degree, relevant
experience minimum 1 year,
from accounting background,
strong focus on financial
analysis (CFA), MS excel,
power point, word, strong
communication skills both
verbal and written, expert in
organisation skills and ability
to adopt changing environment
(INDEED, 2019).
JORA job portal
Company JOB TITLE Personal attributes required
Aequalis Consulting Corporate Finance Analyst Qualified in CA or CPA or CIMA,
commercial minded, adopt the changing
environment quickly, experience of
working with senior management
(JORA, 2019).
Davidson Recruitment Corporate Finance Analyst Qualified degree of CPA or CA.
Experience of minimum 1 years as
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management accountant or financial
accountant. Strong communication skill.
Urbane recruitment Corporate finance Knowledge of developing corporate
finance presentation, knowledge of
excel, investment banking platforms.
KK partners group Pty
Ltd
Tax Accountant Knowledge of Australian and
international taxation law, degree of
bachelors, CA or CPA qualification,
familiar with accounting systems, expert
in excel, have interpersonal skills and
communication skills (JORA, 2019).
Allura partners Corporate accountant Understanding of international and
Australian tax, knowledge of preparing
tax returns, understanding of AIFRS
reviewing and implementing plans,
monitoring tax payments and power to
interact with clients.
Rising Tide Financial
Services
Tax Accountant 5 years experience, good at presenting
and speaking in font of clients, strong
communication skills, English fluency
skills, capable in working with team and
ability to work autonomously (JORA,
2019).
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5. List of personal attributes required for corporate accountant as per author understanding
There are various personal attributes which has been collected on the basis of
understanding which are as follows:
 Preparing tax returns and accounts.
 Auditing financial information.
 Collection and presenting budget reports, business plans and financial statements.
 Forecasting financials and risk.
 Dealing with insolvency cases.
 People having strong computer skills and having experience in their field.
 Managing time and ensuring proper outcomes.
 There need to be ability to learn new strategies and process and manage work according
to the change in external environment.
 The most important attribute that a corporate accountant need to possess is strong work
ethics.
 Accountant need to be trustworthy (Ahadiat and Martin,, 2016).
 Corporate accountant need to be self-motivated and reflect their own work.
 Need to be expert in international accounting standards, policies and procedures.
6. Professional qualifications listed in the collected job advertisement
Job advertisement collected from all the job portals such as SEEK, INDEED and JORA
need qualification like CA, CPA, CFA, CIMA, bachelors in commerce, knowledge of
international standards, IFRS and masters in accounts or finance.
7. How key roles and responsibilities collected from the job advertisement is related to the tasks,
roles and responsibilities learned in corporate accounting unit
The job advertisement collected from the job portal, there are various roles,
responsibilities and tasks that need to be performed by corporate accountant are preparing
financial statements, budgets, analysisng information and advising company, preparing financial
reports, communicate with internal and external stakeholders, they are responsible for making
sure that all financial reporting deadlines are met and etc (Mishra and Singh, 2017). all these
roles and responsibilities I have studied in my corporate accounting unit such as accounting of
assets and liabilities, share capital and reserves, preparing cash flow statements etc. This has
helped me in better understanding of the task performed by the corporate accountant.
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There are some roles and responsibilities of tax accountant such as preparing tax returns,
reports, payments, doing necessary paperworks, identify tax issues, making solutions, guide
during auiting, assess tax regulations and propose policies to reduce tax burden, trach industrial
trend and change according to external environment. I have also studies some roles and tasks of
tax accountant such as accounting of income tax (Best and Schafer, 2017).
8. Aditional attributes, topics and learning outcomes which are missing from MPA unit HI5020
Corporate Accounting
There are some attributes and topics missing from the MPA unit such as
 Strong communication skills both written and verbal.
 Expert in MS excel, power point, MYOB, oracle etc.
 Fluency in speaking English and giving presentation in front of clients.
 Preapartion of GST, bank reconciliation statements.
 Qualified CA, CMA, CFA or CPA.
 Experience in the similar field in big organisation.
 Knowldege of taxation policies, international standards.
 Analysing and interpreting data into meaningful information which is use in decision
making (Balakrishnan, Watts and Zuo, 2016).
9. Skills, attributes and experience required to become corporate accountant and how they have
helped in gaining skills
Skills, experience and attributes for becoming a corporate accountant.
Accountants are acquired by companies or private clients for audit of accounts, providing
financial advice and for undertaking accounts administration. Accountants give financial advice
to their clients ranging from multinational organizations to independent businesses and
individual clients. Accountants are generally required to specialise in specific practice areas like
auditing, management consultancy forensic accountancy, recovery, taxations and corporate
accountancy.
Accountants require specific job skills for becoming accounting professional above the
ability of crunching numbers, depreciating fixed assets and completing expense sheets. Apart
from traditional knowledge of accounting it also requires hard and soft skills. The skills include
general business knowledge and along with it they need effective decision making, strategic
thinking and negotiation skills (Rebele and Pierre, 2015). Corporate accountant are required to
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possess skills of account preparation, tax returns, administer payrolls, to monitor and control
income- expenditure, compilation and presentation of financial reports, to provide tax planning
services, financial forecasting as well as risk analysis for companies. They may also specialise
in one particular field and gain experience in that field of accounts.
Continuous practice of work over time fills them with experience which is very important
for any individual and company. Experience gives confidence in the manner of dong things and
also the ways which will not be successful. Along with skills and experience they are also
required to have other attributes like self motivation, capability of reflecting work with wider
consequences helping in financial decision making, teamwork ability, communication and
interpersonal skills and problem solving approach. It can be said that communication hlps
accountants in effectively collaborating with departments and also for interacting effectively
with clients and colleagues. Accountant is required to have the knowledge and skills of
representing numbers in a presentable format so that people can get the information in the right
manner. Leadership abilities include the self initiative approach for developing new insights,
managing projects and motivating and engaging team members so that they can collectively
work towards achievement of organisational goals (West, 2018).
Commercial awareness is also required for cost accountant as they have to analyse the
market position and the where business can best fit in market. They should have the capacity of
evaluating the effect of social, economical and other factors on the business of enterprise and the
ways of dealing with it effectively. Corporate accountant who take initiatives for new tasks get
positive responses and are assigned with responsibilities that help them in their growth and will
add on to their experience. Resilience is also another attribute that are sought in cost accountant.
All these skills, knowledge and experience are required for becoming a successful corporate
accountant of any enterprise. Knowledge is gained by taking academic qualifications and other
way of acquiring knowledge is experience which is time consuming. Knowledge gaining is a
continuous process and it helps cost accountant in its future performance (Margerison, 2017).
There are various skills, attributes and experience required by corporate accountant like:
 Understanding international and Australian law.
 Experience of 2-3 years in big organisation.
 Strong communication skills.
 Presentation skills
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 English speaking skills
 leadership skills
 knowldege of financial statements, accounting principles and standards.
These are the skills and experience required for corporate accounting (Ahadiat and
Martin,, 2016). These all skills have helped me in becoming corporate accountant. I have good
communication skills (verbal and written), I have understanding of financial reports, accounting
standards and I also have experience of 3 years in similar field. I am also done CA which has
benefited me a lot in becoming accountant.
CONCLUSION
From the above report it can be concluded that there are various skills required by
corporate accountant such as communication, computer, speaking and presentation skills. There
are various roles and responsibilities performed by accountant. In the report there were 30 job
advertisements collected for the post of tax accountant, financial analyst and corportae
accountant from the job portals such as SEEK, INDEED and JORA. All the collected job
advertisement has helped in understanding the tasks performed by them. The common
qualification required for the post was CA, CPA, CFA and CIMA.
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REFERENCES
Books and Journals
Ahadiat, N. and Martin, R. M., 2016. Necessary Attributes, Preparations, and Skills for the
Selection and Promotion of Accounting Professionals. Journal of Accounting & Finance
(2158-3625). 16(1).
Balakrishnan, K., Watts, R. and Zuo, L., 2016. The effect of accounting conservatism on
corporate investment during the global financial crisis. Journal of Business Finance &
Accounting. 43(5-6). pp.513-542.
Best, E. E. and Schafer, J. K., 2017. A Corporate Tax Return Simulation: Utilizing Electronic
Work Papers and Resolving Ambiguous Issues. Issues in Accounting Education. 32(4).
pp.61-80.
Margerison, C. J., 2017. Managerial Consulting Skills: A Practical Guide: A Practical Guide.
Routledge.
Mishra, S. and Singh, G., 2017. Forensic Accounting: An Emerging Approach to Deal with
Corporate Frauds in India. Global Journal of Enterprise Information System. 9(2).
Rebele, J. E. and Pierre, E. K. S., 2015. Stagnation in accounting education research. Journal of
Accounting Education. 33(2). pp.128-137.
West, A., 2018. After virtue and accounting ethics. Journal of Business Ethics. 148(1). pp.21-36.
Online
INDEED. 2019. [Online]. Available through : <https://www.indeed.co.in/?r=us >.
JORA. 2019. [Online]. Available through : <https://au.jora.com/j?
q=LCC+Asia+Pacific&l=Australia+&button=&sp=search >.
SEEK. 2019. [Online]. Available through : <https://www.seek.com.au/job/39821305?
searchrequesttoken=81d458c6-4aca-4133-98cb-0b6e0d8560c4&type=standout >.
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APPENDIX
SEEK
21

22

23

24

INDEED
25

26

27

JORA
28

29