HI5020: Corporate Accountant Jobs in Australia - Analysis Report

This report, prepared for Holmes Institute's HI5020 Corporate Accounting course, analyzes job advertisements from various online portals in Australia to identify the qualifications and experiences sought by employers for corporate accountant and financial accountant roles. The study examines thirty job samples, with a focus on industry trends, company types, and specific job titles. The report delves into the personal attributes, professional and academic qualifications, and key responsibilities highlighted in the advertisements. It includes a source-wise analysis, industry-wise breakdown, and job title analysis, offering a comprehensive overview of the corporate accounting job market in Australia. The analysis emphasizes the importance of professional skills, experience, analytical abilities, statutory knowledge, communication skills, ethical standards, and adaptability. The report concludes with a critical discussion of these attributes, relating them to the course's learning objectives and content.

HI5020- Scope of Corporate Accountant Jobs in
Australia
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Abstract
Accounting, as a profession, is reckoned as one of the oldest white color job since the
inception of business in global perspective. With the increasing complexity of business
environment, the need of accountant is getting intense. In Australia, the need of
accountant is also observed in different segment. Mainly this article will concentrate on
the issue of employment opportunities in corporate accounting at Australia. Present
trends of employment options are widened through online job portal, which give
convenient scope for both employers and aspirant candidates to meet in a common
online platform to exchange needs of both the parties. This article will provide an idea of
this concept by taking real life examples of job opportunities available in different online
job portals of Australia related to positions of corporate accounting. The demand of this
analysis is to get answers related to different questions of corporate accounting job
opportunities by online job portals. This article will also emphasize on the requirements
of corporate accounting jobs from the candidature viewpoint related to desired
qualification and experience as per the demand of the employers related to respective
role and tasks and good understanding of corporate accounting jobs in Australia.
Key words: Corporate Accountant; Online job portal; Advertisement, Employer;
Employee; qualification; role; tasks.
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Table of Contents
Introduction.................................................................................................................................................4
Source-wise analysis of advertisement considered.....................................................................................4
Analysis of industry and organization advertisement samples....................................................................5
Analysis of employment opportunity as per respective profile...................................................................7
Personal attributes......................................................................................................................................9
Critical discussion of personal attributes...................................................................................................10
Professional and academic qualifications..................................................................................................11
Positional demand of key roles, responsibilities and tasks........................................................................12
Missing topics in MPA and HI5020............................................................................................................13
Analysis of referred skills, experience and attributes of corporate accountant........................................13
Conclusion.................................................................................................................................................13
References.................................................................................................................................................14
Appendices:...............................................................................................................................................16
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Introduction
Australia is considered as one of the developed countries in the world. Due to such
status of Australia, different global business entities gather in this country for their
business promotion. For running any business, the role of corporate accountants cannot
be denied. In Australia, the demand of corporate accountant is increasing as per the
growing demand of Australian business. For connecting right candidate in this segment,
the employers use to depend upon the online job portals, which provide convenient
platform for the employers and the candidates. The employers advertise with their
needs about accounting employment and the aspirant candidates apply for the post.
The main advantage of this type of job advertisement in online portals is its time
flexibility. This flexibility of time period from online job portal advertisements gives the
employer good mileage with cost effective impact. This feature proves the worth of
online job portal for employers as well as for employees. The requirement of employers
is mentioned in brief and concise manner in those job portals to make the employees
aware of matching those requirements of employers by their credentials. There are
certain technical features of accounting jobs to be mentioned in the advertisements,
which can attract right person for the position of corporate accountant. This article will
discuss all relevant information about the advertisements in online job portals for
corporate accountant of Australia with the specific features like the requirements, role,
tasks and respective deliverables in context with MPA and Hi5020 corporate accounting
courses prevailing in Australia.
Source-wise analysis of advertisement considered
For this case study, thirty samples are selected from four different online job portals of
Australia related to corporate accountant and financial accountant. It is observed that
best source of advertisement is proved to be seek.com contributing 15 sample
advertisements. (seek, n,d) The second contributor is indeed.com with 12 sample
advertisement. Adzuna.com has contributed with two samples while Hays has
contributed one sample. All these advertisements are related to corporate accountant
and financial accountant. (Mallory, n.d)
Source-wise analysis of advertisement considered
Source Samples
adzuna.com 2
Hays 1
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Indeed.com 12
Seek.com 15
Total 30
The following pie-chart shows the contribution by different online job portals related to
considered portfolios of corporate accountant and financial accountant.
Samples
adzuna.com
Hays
Indeed.com
Seek.com
Analysis of industry and organization advertisement samples
While analyzing the samples considered for this case study, it is inferred that there are
different employers advertise in online job portals for employment or selection of right
candidate to meet their requirement. It is also found that the employers either advertise
directly in the online job portals or through the human resource solutions provider. The
employers selected for this case study are mainly from ASX listed companies. It can
also be noticed that there are numbers of instances, where the name of the employer
was not mentioned. Basic reason for this hiding of name is the employer advertised
through human resource providers, who did not want to disclose their client names.
Sl. No. Company Industry
Adv 1 First Graphene Ltd Infrastructure
Adv 2 Beach Energy Ltd Energy
Adv 3 Allura FMCG
Adv 4 Paybang Pty Ltd.
E-commerce and financial
services
Adv 5 National Service Finance
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Group
Adv 6 Not disclosed Service
Adv 7 Not disclosed IT Distribution
Adv 8 Pirtek Australia Infrastructure
Adv 9 MPC Kinetic Infrastructure
Adv 10 Studco Infrastructure
Adv 11 iSelect Finance
Adv 12 Lawson Elliott Human resource
Adv 13 OZ Minerals Mining
Adv 14 ME Bank Finance
Adv 15 Pepper Group Finance
Adv 16
Redpath Partners
Pty ltd Human resource
Adv 17 MPC Group Infrastructure
Adv 18 Rio Tinto Mining
Adv 19 Suncorp Group Finance
Adv 20 Myer Retail chain
Adv 21
Australian Solicitor
Group Service
Adv 22 Freshmax Group Organic food
Adv 23 Solar Juice Energy
Adv 24 Not disclosed Entertainment
Adv 25 Not disclosed Infrastructure
Adv 26
National Service
Group Finance
Adv 27 Not disclosed Mining
Adv 28 Reo Group Finance
Adv 29 Not disclosed Infrastructure
Adv 30 Racing Victoria IT Distribution
There is another analysis of considered samples as per industries. It is found that most
of the employment opportunities (seven) are offered by finance and infrastructure
companies. Mining companies advertised three of these samples considered. Two
companies each of energy; human resource solutions; and IT distribution and service
sectors have advertised for qualified corporate accountants. Industries namely E-
commerce and financial services, entertainment, FMCG, organic food and retail chain
segment have advertised one each. This projection is determinant to derive the HR
turnover of the respective industries.
Industry-wise analysis of samples
considered
Energy 2
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E-commerce and financial
services 1
Entertainment 1
Finance 7
FMCG 1
Human resource 2
Infrastructure 7
IT Distribution 2
Mining 3
Organic food 1
Retail chain 1
Service 2
Total
3
0
The above analysis was projected through the below graph to understand the industry-
wise contribution of samples chosen related to employment offer for the aspirant
candidates related to corporate and financial accountant.
0
2
4
6
8
Industry-wise analysis of samples
considered
Analysis of employment opportunity as per respective profile
The guideline for selection of job opportunities is to consider corporate accountant and
corporate financial accountant. It is followed with the basic nomenclature of job titles
with deviation of designation name as per the advertisement selected for this case
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study. The position of corporate accountant contributes highest with sixteen instances of
the samples selected. Second contributor is financial accountant with eight instances.
Corporate financial accountant has appeared two times in these samples, while
corporate assistant accountant; corporate financial control accountant, senior corporate
accountant and senior corporate accountant-technical are appeared with one instance
each.
Job Title wise analysis of Advertisement
Job Title
Sample
s
Corporate accountant 16
Corporate Assistant Accountant 1
Corporate Financial Accountant 2
Corporate Financial Control
Accountant 1
Financial Accountant 8
Senior Corporate Accountant 1
Sr. Corporate Accountant-
Technical 1
Total 30
The below pie-chart depicts the contribution of these positions with their respective
presentation. All these positions are mainly covered under the nomenclature of
corporate accountant with different name of job titles specified in the advertisements in
different online job portal, as per employers’ specification.
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Job Title wise analysis of
Advertisement
Corporate accountant
Corporate Assistant
Accountant
Corporate Financial
Accountant
Corporate Financial
Control Accountant
Financial Accountant
Senior Corporate
Accountant
Sr. Corporate
Accountant-Technical
Personal attributes
From this analysis of the data derived for this case study, it is opined that the personal
attributes needed for the specified job opportunities are with two types of parameter.
First type of attributes is consisting of theoretical, technical and professional knowledge
with required experiences as per employer. The second type of parameter is personal
ability of the candidate to match the culture of the employer. Personal effort is needed to
prove eagerness and ability of the candidate to justify his employment with possible
exploration of needed leadership scope to prove the candidate as a perfect member of
the team. The need of effective communication and interpersonal skill is also basic
criteria to contribute in personal attributes of the aspired candidate. Last of all, following
of strong professional ethical standard is needed to include in personal attributes.
The assignment of corporate accountant deserves updated knowledge of company
accounting with strong analytical power of forecasting and budgeting. The requirement
of knowledge related to different accounting software packages along with the basic of
Microsoft office applications are also necessary to execute the deliverables as
demanded by this position. These features are mentioned in the advertisements
selected for this case study in perspective of Australian corporate accounting jobs. The
position of corporate accountant also needs to show expertise in statutory compliance
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with the needs of different government regulatory bodies. As the assignment requires
team work, leadership quality and inclination for team membership is also required to
justify the personnel to be selected.
To summarize the lists of personal attributes required for corporate accountant aspirant
candidates as per the samples of advertisement selected are as follows:
 Knowledge of professional and other related skills;
 Desired level of experience;
 Personal abilities of analytical power;
 Thorough knowledge of current statutory requirements;
 Sound communication and interpersonal skills;
 Projection of professional ethical attitude;
 Flexible attitude to cope up with new addition of professional field;
 Ability to deliver in due time;
 Projection of innovative skills as per the specific job opportunity;
 Ensure required crisis management with effectiveness.
Critical discussion of personal attributes
The above personal attributes are listed to understand the requirement of the jobs as
projected in the advertisement samples. Below discussions are made to critically
analyze above qualities to understand the role of attributes demanded by corporate
accountant positions: (Michael, n.d) (Murphy, 2015)
 Knowledge of professional and other related skills- the required professional and
other skills are generated from respective education and respective working
experience of this field. Knowledge is basic and execution is deliverance of
knowledge in any field of job.
 Desired level of experience- the function of experience plays vital role to execute
duties and ensure deliverable in any scope of job. The job advertisements
demand certain level of experience to ensure required level of deliverance with
expertise. (Ngo, n.d )
 Personal abilities of analytical power- the job of corporate accountant demands
ability of the candidate to analyze situation from different angles. This attribute is
considered as vital to enable toe higher management for effective decision
making.
 Thorough knowledge of current statutory requirements- the positions of corporate
accounting demand compliance of different statutory regulations set by
government and other regulatory authorities. This requirement needs to be
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served with thorough knowledge of such prevailing regulations to ensure smooth
running of corporate business of the employer. (Legislation, 2018) (Government,
2019)
 Sound communication and interpersonal skills- these referred skills are needed
to understand vocal and written communication of others with proper
reciprocation of that communication to ensure proper flow of information with
leaving no scope of communication gap between the stakeholders. (Proschool,
n.d)
 Projection of professional ethical attitude- as per the guideline of professional
qualification, ethical standards are set for the qualified professionals of
accounting curriculum. This quality is required to safeguard the interest of the
respective stakeholders for treatment of financial instruments and preparation of
corporate financial reports. (TUOVILA, 2019)
 Flexible attitude to cope up with new addition of professional field- there are
additions of different issues related to accounting and other standards with
specific implementation date of them. The candidates should ensure related
knowledge with perfect reciprocation for compliance of those applications or
amendments as featured from time to time. (Tan & Fawzi, 2017)
 Ability to deliver in due time- like all professional field, the profession of corporate
accounting demands deliverance in due time. The aspirants have to ensure this
deliverance through maintenance of regularity and practice of self-discipline.
(nuvest, 2017)
 Projection of innovative skills as per the specific job opportunity this personal
attribute is necessary to succeed by raising the question within self of what
followed by why and infer with how. (Guide, n.d)
 Ensure required crisis management with effectiveness- the general trend of
business process raises crisis from time to time in its operational management.
Corporate accounting is no exception to this situation. Hence, the ability of the
incumbent should project necessary ability to resolve crisis management to
ensure subsequent restoration of normal situation. (Half, 2018)
Professional and academic qualifications
The selected samples of advertisement project demand of different professional
academic qualifications. Basic educational requirements demand completion of
accredited accounting courses by Australian or other globally renowned universities in
the segment of accounting science up to the level of graduation. The demand of
professional qualification needs either completion of chartered accountant or certified
public accountant course prevailing in global or Australian accounting communities.
(IFAC, 2013)
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Positional demand of key roles, responsibilities and tasks
Specified key roles of corporate accountant are compliance of delivering financial
statements of the specified entity in prescribed form of consolidated comprehensive
income, consolidated position of financial condition, cash flow statement and other allied
statements related to remuneration of directors, analysis of equity, different statutory
disclosures as per prevailing accounting standard AASB and IASB with proper
compliance of IFRS. The position also demands internal audit of the firm to ensure
transparency for stakeholders enabling them to make their decision with proper financial
information. (cpaAustralia, n.d) (Davis, 2019)
The main tasks for corporate accountant are preparation of financial statements as per
specified format fixed by the regulatory bodies, forecasting projection and exercise of
budget with proper maintenance of MIS reports to help the management about future
course of managerial decision making. These tasks also require maintenance of proper
financial data related to specific business. Hence they are required to ensure
stakeholders with projection of transparent and faultless financial statements. (Half, n.d)
The responsibilities as per advertisement samples depict assurance to deliver financial
statements in due time with performance of management accountants role to provide
different MIS reports for the decision making of management. Compliance of statutory
reports as per scheduled time and format fixed by the regulatory bodies are to be
submitted as per requirement of different accounting and other standards prevailing in
Australian segment of accounting operation. The responsibility of maintaining
accurateness is required to avoid presenting wrong reports and preparatory mistakes of
financial reports of corporate business entities. (Lloyd, n.d)
MPA and HI5020 provide the topics of corporate accounting with description of specific
roles, tasks and subsequent responsibilities to perform this job for any corporate
employer. They cover different accounting jobs of the business entity like expense
reimbursement process monitoring, examining bank reconciliation by respective
checking and validation of prevalent data, presenting different financial reports,
receivable and payable accounting management, etc. for assurance of preparation and
presentation of proper financial information with respective financial statements of
statute. The curriculum also endorses knowledge of different accounting software to
perform the job with accuracy and ease. Basic objective of this course is to aware the
students about the requirement of this job and make them conversant about different
deliverables related to this profession for serving stakeholders with accuracy and time
bound period. (Institute, n.d)
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