Holmes Institute HI5020: Corporate Accountant Job Requirements Report

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Added on 2022/11/13

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This assignment analyzes job advertisements for corporate accountant positions across Australia. The student collected and examined 30 job ads from various online portals, identifying common job titles like 'corporate accountant' and 'financial accountant,' and organizations like PwC and ALDI. The report details required personal attributes (communication, analytical skills, and qualifications like CA/CPA), key roles (financial reporting, tax accounting, and financial control), and responsibilities. The student relates these findings to topics covered in the HI5020 Corporate Accounting unit, identifying gaps in the curriculum and critically evaluating the skills and experience needed for the role, including the importance of practical application and industry knowledge. The analysis covers the experience and qualification requirements, the organizations that post these jobs, and the roles and responsibilities. The report also provides an overview of the industries that seek corporate accountants, the required qualifications, and the skills needed for success in this profession. The report also compares the job requirements with the topics covered in the MPA unit HI5020 Corporate Accounting.

ABSTRACT:
This assignment deals with the understanding of qualification and experience requirement by the
companies or firms which seek corporate accountants. It shows details of what a company posts in
their advertisement which targets such aspirants. Location of the companies are from all around
Australia and different kind of jobs attract different kind of salaries based on interested candidate’s
experience or if he is a fresher. I have tried to provide all minute details as much as I could and this
assignment should clear the idea about what experience and qualification is required for each kind
of job.

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Contents
ABSTRACT:............................................................................................................................................. 1
Contents................................................................................................................................................2
Introduction:..........................................................................................................................................3
“How many job advertisements you have collected in total? How many job advertisements you
have collected from each sources?”..................................................................................................4
“List the name of the organisations posting the job advertisements and show the industry
breakdown of the organisations posting the job advertisements.”...................................................5
“List all the job titles mentioned in the advertisements that you have collected.”...........................7
“List all the personal attributes required from a corporate accountant that has been mentioned in
the job advertisements that you have collected.”.............................................................................9
“List all the key roles, tasks, responsibilities of a corporate accountant that have been listed in the
advertisements that you have collected and analyzed.”.................................................................11
“List all the academic and professional qualifications of a corporate accountant that have been
listed in the advertisements that you have collected.”...................................................................13
“Based on the key roles, tasks, responsibilities identified from your collected job advertisements,
how those key roles, tasks or responsibilities are related to the topics that you have learned in
your MPA unit HI5020 Corporate Accounting.”............................................................................... 15
“What additional topics, attributes or learning outcomes are missing from your MPA unit HI5020
Corporate Accounting that are listed on the job advertisement?”..................................................16
“Critically examine the skills, experience and attributes needed to become a corporate
accountant. Also critically evaluate how the topics that you have learned in your MPA unit HI5020
Corporate Accounting have helped you in gaining the skills, experience and attributes needed to
become a corporate accountant.”................................................................................................... 17
Conclusion:..........................................................................................................................................18
Reference:........................................................................................................................................... 19

Introduction:
An accountant conducts a consultative and pragmatic function on a regular schedule. An accountant
plays a key role in analyzing a company's previous behavior. An accountant can offer you financial
predictions and expert help on how to handle your economic aspects after analyzing your
documents. (Pcg-services.com, 2019).
Practically, an accountant is responsible for analyzing the data that has been generated over period
by your book keeper. As they have a powerful knowledge of your taxes demands and annual reports,
an accountant is eligible to provide financial advice.
Other tasks that an accountant may be able to do on a daily basis include:
 Giving advice regarding taxation and financial plans
 Assistance in auditing
 Assistance on the compliance with corporate laws and reports
 Giving advice regarding superannuation of funds
 Giving advice on financial management
Accountants are also capable of doing record maintenance and the likes; however, this list highlights
an accountant’s analytical and advisory position (Job-descriptions.careerplanner.com, 2019).

“How many job advertisements you have collected in total? How many job
advertisements you have collected from each sources?”
I have collected 30 job ads for ‘corporate accountant’, ‘corporate and management accountant’
‘senior accountant’, ‘tax accountant’, ‘corporate financial accountant’ ‘corporate financial and
management accountant’, ‘accountant corporate finance’, ‘senior financial accountant’ ‘senior
accountant: tax and corporate reporting’ respectively. I used online job portals for searching jobs for
each kind. The portals used are seek, Jora, indeed and others. From each portal I have tried to
collect total of thirty job advertisements posted by interested companies from all around Australia.
All the details regarding each job are discussed in the next headings.

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“List the name of the organisations posting the job advertisements and
show the industry breakdown of the organisations posting the job
advertisements.”
List of organisations posting job advertisement and their industry breakdown are as follows:
 HR Matrix Pty Ltd- They deal with Human resources consulting, Organisation development,
Engagement inside Survey and other job profiles. They are located in Perth and are offering Aus
$ 110 000 (Hrmatrix.com.au, 2019).
 Advanced Traffic Management Group of Companies- It is in manufacturing sector and deal with
material handling equipment manufacturing. They are located in eastern suburbs of Perth and
are seeking a dynamic corporate accountant (Advancedtraffic.com.au, 2019).
 Mine Super- They are in mining industry from 1941. They also work on super funds. They are
located in Newcastle, Maitland & Hunter and offering fixed term position until February of 2021.
 Hays Accountancy & Finance- They are located in Gold Coast. They deal with all kinds of
accountant jobs and promise an opportunity that will suit a career driven and motivated
Qualified Accountant.
 Beach Energy Ltd- It is Australia’s leading mid-cap & oil Company. They were formed in 1961 and
based in Adelaide. They are Australia’s largest oil producer.
 Allura partners- They are located in North shore and Northern beaches of Sydney. They are one
of the leading FMCG of Australia. They are seeking aspirants for Financial Accounting &
Reporting Department.
 DFP recruitment- one of Australia's prominent hiring firms is DFP Recruitment Services. Formed
in 1981, DFP has created a public image for providing specialized services coupled with morality,
honesty and competence in transitory, long lasting and quantity personnel facilities.
 Doyle Executive- It is located in Canberra and is one of the most high profile commercial
employers.
 Michael Page Accounting & Finance- They deal with compliance & Risk and are located in
Eastern Suburbs of Melbourne.

Apart from these, there are many other industries which seek accountants for various roles and the
job is in high demand. Other industries used for research are- ALDI, Myer, ME Bank, Murphy Pipe &
Civil, WiseTech Global, Thales Group, PwC, Racing.com, MPC Kinetic, Pirtek Fluid Systems, Redpath
Partners Pty Ltd, Studco Building Systems, Sharp & Carter, 2XM Finance, KONE Elevators Pty Ltd.,
Robert Half Finance & Accounting, Konnexus, FutureYou, Paybang Pty Ltd, Orbital Australia Pty Ltd,
Jones Talent ID, etc.

“List all the job titles mentioned in the advertisements that you have
collected.”
All the job titles mentioned in the job portal sites are mentioned below-
a. Accountant
b. Financial accountant.
c. Assistant Accountant.
d. Hotel Accountant.
e. Group Accountant.

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f. Corporate Accountant.
g. Financial Controller.
h. Manufacturing Accountant
i. Operations Accountant
j. Business Support Accountant
k. Payment/ Reconciliation Accountant
l. Management Accountant
m. Finance Manager.
n. Corporate & Management Accountant.
o. Senior accountant
p. Tax Accountant
q. Corporate Financial Accountant.
r. Corporate Financial & Management Accountant.
s. Accountant Corporate Finance
t. Senior Financial Accountant
u. Senior Accountant: Tax & Corporate Reporting
Apart from these, there are few other job titles available too on the job portals’ list of ad posted by
the interested companies or firms (Adzuna, 2019).

“List all the personal attributes required from a corporate accountant that
has been mentioned in the job advertisements that you have collected.”
All the personal attributes required from a corporate accountant that has been mentioned in the job
advertisements are as follows-
1. PwC – “You have a background in Economics, Business or Commerce and are either
completing or looking to complete your post graduate Chartered Accounting qualification.
You’re highly skilled in written and verbal communication, financial analysis and have an
ability to prioritize and work to deadlines. Bringing an understanding of analytical
methodologies and experience in either auditing, forensics or valuations combined with your
business acumen, relationship building and organizational skills will set you up for success.
Passionate about being at the forefront of change, you’re ready to help our Deals team
deliver innovative deal solutions to our clients, providing advice and support, from initiation
through to deal completion. You’re collaborative and enjoy working in an innovative
environment. You’re a problem solver by nature and want to join a firm that values the kind
of people who re-imagine the possibilities for their clients and stakeholders. Most
importantly, you act with integrity and show care for the people you work with.”(PwC, 2019)
2. Minjar Gold- “To be successful in this role you will possess the following skills, qualifications
& personal attributes:
 Tertiary qualification in Accounting (or working towards)
 Completed CPA, CA or ICA preferable (or working towards)
 At least 2 years in an accounting or finance role within the resources industry

 Strong marketable insight joined with experience in a large organization, preferably within
the resources industry
 Sound knowledge of accounting practices, modeling methodologies, and regulatory
reporting standards
 Advanced Microsoft Office skills (Excel, PowerPoint and Word). Pronto experience an
advantage
 Highly numerate, logical and analytical thinker, accurate and attention to detail
 Work closely and collaboratively with all parts of the business”(Au.indeed.com, 2019)
3. Suncorp group- “Degree in Accounting and CA/CPA, 5 years within big 4/mid-tier, Experience
within assurance, business services and/or, Experience in a large commercial function with
emphasis on GL accounting, regulatory and financial reporting, Sound accounting standards
and management accounting knowledge with the ability to apply skills in a practical manner
to achieve problem identification / resolution, Strong verbal and written communication and
interpersonal skills, Strong personal drive and ability to challenge the status quo.”
4. Thales group- “You’ll be a clear communicator and enjoy collaborating, You’ll enjoy
optimizing business performance and processes, Comfortable in high volume processing
environments, used to meeting deadlines and maintaining high quality standards,
Experience with Accounts Receivable and some experience in executive and senior key
stakeholder management, Bachelor of Commerce or equivalent degree in Accounting
member of professional accounting body (or comparable),Open to / studying for CPA or
other equivalent post-graduate studies.”
5. Wise Tech Global-“To be successful you will be an independent thinker and self-starter who,
although can work independently, is able to effectively leverage stakeholder relationships.
You’ll also need to be the type of character who thrives in a non-hierarchal environment and
rolls up their sleeves to get the job done.”

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“List all the key roles, tasks, responsibilities of a corporate accountant that
have been listed in the advertisements that you have collected and
analyzed.”
All the key roles, tasks, responsibilities of corporate accountant mentioned in the job advertisements
of few more selected companies I have collected are as follows-
a. ALDI- “Interested candidate will join the business as a Corporate Accountant and will have a
direct reporting line into the Corporate Finance & Administration Manager.”
(Aldicareers.com.au, 2019)
b. Myer- “Candidate will assist the Corporate Finance Manager with working capital
improvements & reporting initiatives, and the Group insurance portfolio.”
c. ME Bank- “Due to an internal promotion, ME are looking for an experienced Corporate
Accountant to join the team. As our Corporate Accountant, this wide and varied role will see
you working across statutory financial reporting, which includes consolidation, treasury and
tax accounting, and financial statement preparation. Candidate will also work on month end
close, half year and year end statutory reporting and ensure that all financial reporting is
compliant with relevant accounting standards, plus you’ll also prepare direct and indirect tax
returns such as BAS, IAS, ITR, and FBT.”
d. Murphy Pipe & Civil- “MPC Kinetic is seeking an experienced Corporate Accountant to join
our Financial Reporting team in a full-time permanent capacity. That is where interested
candidate comes in!”
e. Powerstaff Consulting- “Aspirant is someone who needs to understand the numbers in order
to present the findings of your analysis to the wider business. You are confident doing so in
writing or in person. Aspirant should have impeccable attention to detail, which
compliments their ability to act commercially in order to provide insight and understanding
to those they engage with.” (Powerstaff, 2019)
f. Suncorp Group- “The role will also have accountability for key financial control activities
of corporate and other subsidiaries of Group operating entities as agreed.”(Au.indeed.com,
2019)
g. Minjar Gold- “Special projects to assist the Senior Mine Accountant and Commercial
Manager. Reporting to the Senior Mine Accountant, the role’s primary purpose is to ensure
the duty is done.” (Clientapps.jobadder.com, 2019)

h. PwC- “Increasing aspirant’s exposure to our Deals business; we have a multidisciplinary
approach to our engagements providing you the opportunity to work with different teams
encompassing different styles of work.”
i. ATM Group of Companies- “We are looking for a dynamic individual with a positive
disposition and a can-do attitude. The ideal candidate will have the confidence to accomplish
any task which requires their attention.” (Au.jora.com, 2019)
j. Mine Super- “This fixed term Corporate Accountant position is accountable to the Executive
Manager, Corporate Accounting for the accounting functions of the corporate entities and to
ensure the timely preparation of accounting reports.”(SEEK, 2019)

“List all the academic and professional qualifications of a corporate
accountant that have been listed in the advertisements that you have
collected.”
All the academic and professional qualification required by a corporate accountant that been
listed can be generalized as follows-
To be successful in this role you will possess the following skills, qualifications & personal attributes:
 Tertiary qualification in Accounting (or working towards)
 Completed CPA, CA or ICA preferable (or working towards)
 At least 2 years in an accounting or finance role within the resources industry
 Strong commercial acumen coupled with experience in a large organization, preferably
within the resources industry

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 Sound knowledge of accounting practices, modelling methodologies, and regulatory
reporting standards
 Advanced Microsoft Office skills (Excel, PowerPoint and Word). Pronto experience an
advantage
 Highly numerate, logical and analytical thinker, accurate and attention to detail
 Work closely and collaboratively with all parts of the business. (Monster Employer Resources
| Monster.com, 2019)

“Based on the key roles, tasks, responsibilities identified from your
collected job advertisements, how those key roles, tasks or responsibilities
are related to the topics that you have learned in your MPA unit HI5020
Corporate Accounting.”
Everything covered in our syllabus came to be in requirement while going through advertisements
for corporate accountant jobs. It is anticipated that students will learn about the principles of
financial accounting, assessment of financial statements, cost planning and fiscal policies. However,
learners of corporate accounting also acquire a powerful knowledge of how companies operate and
what specific tax and financial laws apply to big companies.
Other appropriate subjects for learners registered in a graduate program in corporate accounting
involve price transparency, financial management, development strategy, and wealth management.
Students registered in such a scheme understand not only how to be a big company's accountant,
but how to handle or supervise a whole accounting unit. Freshmen who are keen in stating a
significant accounting generally require a powerful education level in math, stats, and interaction.
In relation to key accounting studies, corporate accounting academic schemes also cover classes
directly linked to business practice. The lessons covered are: Financial Accounting and Publishing,
Global finance, Cost Supervision, Corporate Business management, Specialist Principles and Business
Economy.(Dagwell, Wines and Lambert, 2015)

“What additional topics, attributes or learning outcomes are missing from
your MPA unit HI5020 Corporate Accounting that are listed on the job
advertisement?”
In my personal opinion, the course of MPA unit HI5020 Corporate Accounting covers almost
everything that is required to be a good Corporate Accountant. The competition for jobs is high and
therefore as a student it’s our responsibility to be the best in our field and to maximize whatever we
can take from this course. One thing to note is that demand for experienced candidate was seen
more than that of fresher. Apart from that interpersonal skills and ability to work under pressure is
one of the leading requirements in almost all ads. These skills need to be worked upon as end of the
day everything depends on how one is able to present themselves in front of clients and how one
reacts in pressure situation. These things can be worked upon with experience.

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“Critically examine the skills, experience and attributes needed to become
a corporate accountant. Also critically evaluate how the topics that you
have learned in your MPA unit HI5020 Corporate Accounting have helped
you in gaining the skills, experience and attributes needed to become a
corporate accountant.”
Corporate accounting is a particular accounting division that operates with businesses to manage
functions like cash flow statement preparing, account evaluation and balance sheet integration,
among other functions. In many fields, coping with a corporation's economic elements, whether old
or young, needs a good deal of accountability and understanding. The skills required are as follows-
The candidate must have a proper understanding of business, great interaction skills, sound
knowledge of MS Office and Intellect for customer relations.
Coming to experience, as mentioned before, the skilled applicants in this sector have greater
demand than the fresher. A company will typically require a corporate accountant to carry at least a
bachelor's degree in a finance-related sector, such as accounting. Some will employ only those who
are Certified Public Accountant or Certified Management Accountant, requiring more research. The
prerequisite is generally a bachelor's degree, with a major in accounting, finance, or associated area.
Those with a master's program are generally in greater demand, especially those with a corporation
administration master (MBA) with an uptake of accountancy.
To a certain extent, the most efficient corporate accountants have the following features or
attributes: solid quantitative abilities, outstanding oral and written communication abilities, action-
oriented abilities, outstanding mental abilities, firm organization skills.
The topics that are taught in our course in pretty much relevant for a fresher to get a decent job
provided the candidate has proper understanding of what is being taught. Corporate Accounting is a
unique accounting division that deals with biz dev., preparing their annual reports and liquidity
estimates, analyzing and interpreting the economic outcomes of corporations and accounting for
particular occurrences such as merger, intake, consolidated balance sheet processing. A public
company generally relates to a business that is allowed to sell its listed assets (stock, bonds, etc.) to
the federal government, commonly through a trading floor, but may also involve businesses whose
stock is exchanged over the counter (OTC) through industry manufacturers using non-exchange
quotation facilities such as the OTCBB and the Pink Sheets.

Conclusion:
Corporate accounting relates to measuring, documenting and interpreting economic info and
evidence concerning a private corporation (a limited company or a joint stock corporation). It
actually relates to accounting for bigger organizations rather than lower-scale small businesses or
associations where the registration account conditions and requests appear to be less stringent. This
is because companies have an obligation to provide the public at large and legislative organs with
economic data, while smaller companies do not have this obligation.
The use of the dual entry accounting process is a main element of corporate accounting, as
compared to maintaining private accounts, whereby each transfer that occurs will hold a note in two
or more accounts. Private accounting guarantees specialists can work on their abilities in the area
they enjoy. They may have an outstanding balance around life and work compared to those
operating in public accounting, but these businesses are also facing this problem constantly as they
are progressively struggling with the private sector. Mastery possibilities often require fresh
accounts for their teams, such as significant distributors, government agencies, producers,
technology companies, biotechnology firms, and environmental groups. Accountant jobs will always
remain in high demand as this is what forms the base of the firm. The topics covered in course prove
to be useful once a person does simple job search in online portals. One should also work on
personal level to improve their communication skills and ability to handle pressure.