HI5020 Corporate Accounting- Doc

Qualifications and
Experiences that
Employers seek from
Corporate Accountants

Abstract
Corporate accounting operates with procedures like preparing cash flow accounts,
financial documents, balance sheets etc. This can be used to manage distinctive business
operations like absorption, incorporation, and consolidated report development. This report
summaries a clear understanding of qualifications and experiences employers seek from
Corporate Accountants.

Table of Contents
INTRODUCTION...........................................................................................................................1
1. Total job advertisement and each sources...............................................................................1
2. Name and industry breakdown of organisations posting the job advertisements....................2
3. Job titles mentioned in the advertisements..............................................................................3
4. Personal attributes required from a corporate accountant........................................................3
5. Detailed understanding of each collected attributes for corporate accountant........................4
6. Academic and professional qualifications of a corporate accountant......................................6
7. Interrelation of tasks, roles and responsibility of job advertisements with the topics of MPA
unit HI5020 Corporate accounting. .............................................................................................6
8. Additional topics, attributes and learning outcomes which are not included in the above
MPA unit HI5020 Corporate accounting.....................................................................................7
9. Critically evaluation of skills, attributes and experience which is required to become a
corporate accountant. Along with importance of topics of above mentioned MPA unit HI5020
Corporate accountant in getting skills, experience and attributes to become a corporate
accountant....................................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
APPENDICES...............................................................................................................................10

INTRODUCTION
In creating and retaining economic and accounting methods for worldwide
organisations, the significance of corporate accounting can be noted primarily.
Corporate accounting is recognized as being one of the broader accountability fields
accountable for coping with and regulating a broad variety of accounting procedures for
businesses (Bhasin, 2015). There have been a major role played by corporate
accounting such as from the preparing of significant financial reports to the assessment
and evaluation of financial outcomes. It has also major participation in significant
company-related events including amalgamation, absorption or preparation of
consolidated accounts. In an organisation corporate accountant are responsible to
prepare and maintain useful financial records in order to ensure that compliance with
laws, regulations and the organization’s policies.
In this project, a detail knowledge about the experience and qualification that is
seek by employers from corporate accounting is discussed. Various job advertisement
published by number of employer are being discussed which help to determine the key
ability and interest that is needed to perform function on such position.
1. Total job advertisement and each sources.
Employment advertising or job advertisement is a written or digital advertisement
for an intention to employ respectful individual to do the particular job in a business or
organisation position. They use this segments to provide with an overview information
about the work data within company. Most of the job advertisements have to apply for a
defined period and gives particular directions for implementation. In the above case
scenario, the total amount of advertisements gathered were in the relation to the
corporate accounting job role. The table below shows that different job advertisement
that have been collected from various international and national job web site like indeed,
LinkedIn, Jora, CareerOne etc. These appropriate sources were listed as follows:
Advertisement Number (On the
basis Appendices Section)
Sources Number of Sources
extracted
1 Indeed.com 8
2 Job-
seeker.com
7
3 Glassdor.com 3
4 Gumtree.com 4
5 Adzuna.com 1
6 CareerJet.com 2
7 CareerOne.co
m
1
8 jobrapido.com 5
9 Seek.com 3
10 FlexCareers.co
m
1

2. Name and industry breakdown of organisations posting the job advertisements.
Advertisement Number Name of company Type of Industry
1 Crumpler, Melbourne (VIC) Luggage Stores
2 L'Oreal, Melbourne (VIC) Cosmetics
3 Skinner Hamilton-Gold
Coast
SME Business Advisory
Services
4 UBER, Strathfield (NSW) Transportation
5 Reo Group, Sydney Consultancy and
Recruitment
6 Intuitive Recruitment,
Sydney CBD
Employment
7 Port of Newcastle,
Newcastle
Logistics
8 Mitalent, Sydney (NSW) Employment
9 Hays Recruitment, Sydney
CBD
Employment
10 Neumann Steel Pty Ltd Manufacture and
distribution
11 Quinn Allan Manufacturer
12 WVP Services Pvt. Ltd Banking industry
13 ALDI Supermarket
14 Robert Walters Recruitment consultancy
15 WT partners Finance consultancy
16 UBER, Strathfield Transportation
17 2 XM finance Accounting
18 Intuitive recruitment Recruitment consultancy
19 Mighty hive Media consultancy
20 Brookfield properties Construction
21 Ingenium group Information technology
22 Grant thornton Finance consultancy
23 GFG alliance Manufacturing company
24 Hays Recruitment agency

25 Reo group Finance company
26 Stark Visas private limited Consultancy company
27 Meritide advisor private
limited
Financial advisor
28 Ord Minnett Wealth management
29 Perpetual limited Investment advisor
30 Chep Retail supplier
31 Puma energy Oil company
32 Broad construction Construction company
33 MERITIDE ADVISORS
PRIVATE LIMITED
Banking industry
34 Bank of Queensland Banking industry
35 Allianz Australia Insurance
3. Job titles mentioned in the advertisements.
There have been different advertisement that have been collected from various
sources related to number of job role which have been attached below. These job role
were as follows:
 Junior Management Accountant.
 Corporate Accountant.
 Tax Accountant.
 Senior Tax Accountant.
 Senior Corporate Financial Accountant.
 Financial Accountant.
 Corporate Financial and Management Accountant.
 Senior Tax Accountant.
 Senior Financial Accountant.
4. Personal attributes required from a corporate accountant.
In present time, skills and qualities are essential for each and every individual
working within company so that they can react in comfort way and maximise the results
(Biondi, 2012). Personal attributes or personal quality of an employees is the set of skill
and manner they have to deal various business situation. Definitely, accounting books
offer a good foundation for financial decisions and assess a company's economic
performance, so it is essential that accountants are supposed to have a elevated
degree of organizational abilities and accuracy. Personal attributes mainly includes
being honest, dependable and have great sense of humour. In simple worlds, the
current features of a person can be described as personal attribute which work in
attracting employers to consider such individuals as potential applicants for their
respective organizations. In respective to the nine different job advertisement gathered
some of the main personal attributes are being discussed below:
 Great Communication Skills.
 Technical Competencies in the relevant field.

 Work Ethic.
 Degree of Enthusiasm towards work.
 Ability to work in harmony with colleagues.
 EXCELLENT TIME MANAGEMENT SKILLS
 Problem Solving Skills;
 Trustworthy
 Creative
Detailed understanding of each collected attributes for corporate accountant.
Human resource manager use to higher the best and potential employee from
their company which could complete the given work at time and without letting any
problem arise within company (Bloom, 2013). From the above discussed personal
attributes or skills and ability of an corporate accountant which an employer use to
consider are elaborated below:
Great Communication Skills: It is an essential part of the personal
characteristics constantly highlighted in the job commercials which are gathered is
relates to communication skills. These can be described as an individual's capacity to
communicate data effectively from their beginning to end to different involved personnel.
Therefore, language skills are essential from the view of an employer who has been
searching for a person appropriate to the position of a corporate accountant. This is
primarily owing to the reality that in relation to the data gathered, collected and
analysed, a Corporate Accountant is needed to redefine information about distinct
company operations. When such a individual has been unable to set out certainly the
significance of accounting information, than management will not be capable of making
important company decisions that are essential from the perspective of planning and
operation.
Degree of Enthusiasm towards work: This personal characteristic speaks
about the need for excitement for a person's, generally potential about the job role. The
word 'excitement or enthusiasm' can be described as being capable of taking a detail
interest in all the operations that one undertakes while performing the job role of an
accountant. It is essential from the perspective of both managers and employees as
such a willingness to work which will guarantee that the applicant is happy with their
corresponding duties assigned by their potential superiors. It also describes that
employers morality also depends on these characteristics, creating it an significant
element to evaluate for a Corporate Accountant job Role while assessing a person.
Excellent time management skills: This attributes have been given a major
emphasis, in the job commercials that were gathered in the completion of respective
report is related with excellent time management skills. It is essential for an corporate
accountant be flexible enough so that they can easily adjust themselves or make
suitable changes according to the modifying external environmental factors. An
employer seeking a potential applicant for a Corporate Accountant's role prioritizes this
personal characteristic because such people are needed to operate with a broad range
of labour operating in various functional areas at different time interval. This could
involve that the person also function as and when the need occurs at odd hours in the
evening. Thus, flexibility or effective time management skills helps in working in distinct
time zones as well as in circumstances that makes more likely to be chosen for a
position of corporate accountant in the businesses.

Trustworthy: In company, manager use to share crucial and confidential
information to their respectful accountant. In case if the person is not correct the
information may be transferred to other outsider of company that could be a major loss
for company (Momin, 2013). This is consider to be the primary personalities for an
corporate accountant is to be trustworthiness so that employer can easily assigned
desired work handling all such important information.
5. Key roles, tasks, responsibilities of a corporate accountant
Corporate accountants play a vital role in company accounting and keep the
financial information of an organization in order to comply with the legislation, laws and
regulations of company. There are different roles, task and responsibilities that have to
be completed by corporate accountant. These are collected from different job
advertisement such as:
Roles:
Maintain reliable Work Ethic: One of the most significant aspects for any
organization is professionalism and code of conduct. This role becomes all the more
essential from the position of the Corporate Accountant since they are needed to
maintain monitor of all the financial operations that happen in an organization on
continuous basis (.Christensen, Cottrell and Baker, 2013). These operations guarantee
the company stays profitable and encourages ongoing development in the company
setting in which it operates. As a consequence, being extremely ethical becomes
essential to them which deliver best results to company.
Build harmony with colleagues: Every individual enjoys working in an
environment in which synergies exist this also refers to the working environment
because employer or employee would like to be heard (El-Firjani, Menacere and
Pegum, 2014). This is also the main role of corporate accountant as it becomes
essential for an individual in getting the respective job role. Preserving harmony with
staff member guarantees that there is a great level of positive relation between distinct
individuals who are accountable for performing multiple tasks within a company.
Thereby, allowing the enterprise as a whole to be prepared to communicate in the
professional environment of a company under distinct conditions. This is a key capacity
to assess for workers, particularly from a Corporate Accountant, because such a
function needs the person to be in constant contact with all branches and also at all
levels of organization.
Task:
Analysis of reports and financial trends: Corporate accountants perform
specific kinds of analyses with the help of financial information that further help
company to make decision-making. Accountant processes many complex economic
information on a regular basis such as to choose which types of goods to order, paying
bills to payroll etc. Corporate accountant also provide financial services to company that
includes developments of income statement, financial obligations and future.
Resolve accounting discrepancies: This consider to be the main task of
corporate accountant as they check formulated financial statements on regular basis.
This help them to figure out any kind of accounting issues such as error of omission,
commission etc. that have a major impact on the financial stability of company.
Therefore corporate accountant make best possible frameworks to resolve these

discrepancies and make sure that financial statements are prepared by considering
generally accepted accounting standard.
Responsibilities:
To resolve the Problem faced by company: It is also one of the most crucial
responsibilities that is consider while assessing the efficiency corporate accountant, in a
way to defeat the problem faces by respective firm. This involves active listening,
analysing, researching, making decisions and offering alternatives to critical issues or
circumstances that arise within a company. Corporate Accountant obtain the ideas from
specific accounting information that can assist to estimate the company's future path. As
a consequence, problem-solving abilities are among the key attributes that such people
need to possess. It also helps the accountant to be prepared to efficiently fulfil their
work function and also allows others to adopt informed company decision-making
procedures in an efficient way, particularly top management.
Ensure to have Technical Ability in accounting field: A technical skill relates
to the technical knowledge or abilities that are essential for performing a specific
function or obligation effectively. This is one of most crucial responsibilities of corporate
accountant to make sure that they have basis and advance technical knowledge for
accounting. This ensure them to make reliable decision when any error has been
detected and make possible steps to reduce the reasons for future mistake. It is
essential to remember that, depending on the corresponding demands of such areas,
such characteristics may vary from sector to sector. Among the most popular instances
of technical abilities involve job-specific abilities as it sector scheduling and
programming, and accommodation business soft skills among others.
6. Academic and professional qualifications of a corporate accountant.
Besides personal attributes, a corporate accountant's scholarly and professional
qualifications perform an significant part. For a corporate accountant, academic and
professional qualifications are essential as they assist financial growth and make
complicated financial decisions (Ngwakwe, 2012). Each organisation required to employ
an accountant with strong abilities and work skills to help and create crucial company
finance related decisions. Corporate accountant's have the primary objective to provide
the correct proposal after analysing the business organization's records and transaction.
It also enables with the assistance of financial information to create projected budgets
and to create decisions appropriately and it provides a greater and specialized
understanding of accounting which support in growing revenues from company.
According to a commercial accountant's above-mentioned position, it is essential to
have sufficient academic knowledge that can be acquired by finishing a master's and
bachelor's degree in associated sector. According to a corporate accountant's position,
it is essential to have sufficient academic knowledge that can be acquired by finishing a
master's and bachelor's degree in associated sector. The following scholarly and
professional qualifications were recognized in the advertisements gathered in the light
of the specified case situation:
 CA/CPA qualifications
 Relevant work experience in Budgeting and Financial Reporting activities and
system.
 Strong descriptive accountancy and finance-related concepts.
 Elaborate knowledge about taxation rules and policies of a particular country.

 Knowledge of MS office and SAP (Ramanna, 2013).
 Statutory accounts preparation experience;
 Proficiency with various business software such as MYOB, Xero and Microsoft
Office.
7. Interrelation of tasks, roles and responsibility of job advertisements with the topics of
MPA unit HI5020 Corporate accounting.
On the basis of above posted job advertisements for corporate accountant, it can
be assessed that candidates should have a wide range of skills, capabilities and roles. It
is so because, a corporate accountant plays a significant role in the aspect of
management of financial resources. Under MPA unit HI5020 Corporate accounting,
different kind of topics are included like accounting of assets, liabilities, income tax, non
controlling assets, equity investment etc. All these topics of above academic unit are
linked with the skills required for post of corporate accountant. Below some topics of
MPA unit HI5020 Corporate accounting, are mentioned that indicates the interrelation of
roles and responsibilities of corporate accountant with topics of above unit:
 Accounting of income tax- This is a type of accounting topic which is included
in the above unit. It is related with the systematic process of transactions
regarding to income taxation (Soltani, 2014). Eventually, it is important for a
corporate accountant to know about how to add transaction related to income tax
in the financial statements. Along with in the advertisement of companies, it is
required by them that candidates should have knowledge about income taxation
practices, rules and many more. Hence, this topic of MPA unit HI5020 Corporate
accounting, is linked with job advertisement's roles and responsibilities.
 Accounting for liabilities and assets- It is important for corporate accountant to
know about the accounting process of liabilities and assets. This is very crucial
task for a corporate accountant because it is related to management of all the
debts and assets. As per the above mentioned job advertisements, companies
are demanding for those candidates who have enough knowledge about the
process of including amount of assets and liabilities in the financial statements.
This topic is included in the above MPA unit HI5020 Corporate accounting.
 Statement of cash flows- This topic is also included in the above accounting
unit and it is important for the post of corporate accountant as per the job
advertisements (Tschopp and Nastanski, 2014). It is related to preparation of
cash flow statement of company so that they can aware about cash regarding
activities. Hence, it shows relation between topic of this unit and roles which are
described in the job advertisements.
 Budgets preparation: In each department, the corporate auditor creates
budgets to assign expenditure resources. They also carried audits frequently
which guarantee that financial expenses are conformed to and that the
organization's objectives are set annually.
 Analyse finances to determine risks and create forecasts: This is the main
duty of corporate accountant to clearly analyse the finance of company which
support to determine the possible risk that can be face by company in future time
related to various operations.

 Financial Controls: Financial checks involve reconciliation, division of duties
and compliance with GAAP accounting rules, standards, which are all enforced
with respect to enforcement, theft and fraud reduction.
So as per the above description, it can be said that topic mentioned in above unit
are important in the context of job role of corporate accountant according to job
advertisements of various organizations.
8. Additional topics, attributes and learning outcomes which are not included in the
above MPA unit HI5020 Corporate accounting.
In the entire course there were number of other topic that are crucial for the job
position of corporate accountant. Some of these crucial personal attributes that are not
being a part of MPA unit HI5020 are discussed underneath:
 Customer service orientation: This type of characteristic that is essential to the
company accountant which was not stated in the accounting unit discussed
above. This feature is related to creating strong client interactions so that they
can become trustworthy (Ward, 2012). For a corporate accountant, this expertise
is mandatory if it is a private organization or a government or public. Besides
that, in the lack of this characteristic, it may be hard for a financial accountant to
maintain in any type of business because the main objective of businesses is to
increase in amount of customers.
 Knowledge of accounting software: It is becoming crucial for accountants to
have full understanding of the different accounting software in this age of
technology. This subject was not included in the Corporate Accounting MPA
section HI5020. Finally, in the lack of accurate accounting software data to the
accountant, the findings may take longer. Similarly, it can't be useful for company
to hire such applicants who don't have the internet accounting software expertise.
The application of developed technology-based software is growing in most
businesses, making it crucial for business accountants to have the above-
mentioned skills.
 Payroll: It is a important accounting feature of corporate accountant that involves
ensuring that all staff are compensated in a timely and accurate manner.
Furthermore, adequate taxes are evaluated and tax payments are made on time
with federal and state organizations
 Supervising junior accounting staff: This is an important duty of corporate
accountant to make sure that each and every activity of junior accountant related
to auditing must be according to the standard and norms. They also check that
junior accountant do not miss out any part of business that might have impact on
the overall probability of business.
9. Critically evaluation of skills, attributes and experience which is required to become a
corporate accountant. Along with importance of topics of above mentioned MPA
unit HI5020 Corporate accountant in getting skills, experience and attributes to
become a corporate accountant.
In the business dimension, the function of a financial accountant is very crucial
(Williams, 2014). To become a business accountant, therefore, it is essential for
applicants to have full abilities, qualities and knowledge. Underneath these abilities are
listed characteristics and knowledge like:
Skills

 Team capacity to work: This is a sort of expertise connected with operating as
a squad with all staff. For applicants, this is an significant ability in becoming a
good company accountant. That's because collaborating as a squad can
minimize the company accountant's workload. As well as being able to contribute
to greater precision in the duties done.
 Information Technology Proficiency: This is seems to be the most essential
skills while working as a corporate accountant. Such as they must have enough
knowledge about the specific financial software such as QuickBooks and
Hyperion, as well as general spreadsheet and office software
 Customer Service Aptitude: Corporate accountants do not represent clients
straight, a customer service structure is useful in meeting the requirements of
company's different agencies. Listening to the beneficial approach of staff and
manager will help accountant well in comprehension and meeting requirements
of company, providing a favourable and successful general work experience.
Experience:
The knowledge for all kinds of employment is a main element. That's because,
compared to a fresher, an skilled applicant could be more efficient. There's no need for
any particular knowledge for corporate accountant post. Then, if applicants have full
understanding of qualifying, they could become corporate accountant.
Attributes:
 Emphasizing accuracy- This is an characteristic linked to finishing assignments
with complete precision without creating any mistakes. This is essential to have
this characteristic in order to become a commercial accountant because the
functions of accountant are too essential for businesses, so precision is
necessary (Yamey, 2014).
 Scene of Accountability: It is crucial for an accountant to accept the results and
make possible changes in case of any fallout. They must ensure that mistake
that have been made once must not be repeated and more accurate plans are
made to maximise results.
Role of topics of MPA unit HI5020 Corporate accounting to become a corporate
accountant:
In the context of the entire MPA Unit HI5020 that was related with corporate
accounting in which several types of topic were involved which support in developing a
skilled and effective corporate accountant. Various subject such as assets accounting,
tax, group format for tax, liabilities etc. that are all essential to make a valuable
corporate accountant.

CONCLUSION
This has been found from the above study that corporate-accountant serves a
considerable place and is specialist in accounting. They guarantee that it would be in
accordance with the law, guidelines and norms when they report the operation.
Corporate accountants have different abilities that enable them to finish their job and
generate real and fair financial statements that assist stakeholders analyse records and
afterwards create further decisions according to the assessment. Accountant should be
faithful and be ethical when planning reports for businesses. They assist the
organisation analyse their efficiency, and they will create additional policies accordingly.

REFERENCES
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Empirical Study. International Journal of Management Sciences and Business
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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
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Tschopp, D. and Nastanski, M., 2014. The harmonization and convergence of corporate
social responsibility reporting standards. Journal of Business Ethics. 125(1).
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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
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Yamey, B. S., 2014. The Development of Company Accounting Conventions, by. In
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Routledge.

APPENDICES