Qualifications and Experiences of Corporate Accountants Report

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Added on  2022/10/15

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This report, prepared for the HI5020 Corporate Accounting unit, analyzes job advertisements from various online portals like LinkedIn, Indeed, and Glassdoor to identify the qualifications and experiences sought by employers for corporate accountant positions. The report examines a collection of approximately 30 job postings, detailing job titles, company types, and the required skill sets. It emphasizes the importance of both personal attributes (ethical principles, adaptability, communication skills) and professional qualifications (accounting degrees, proficiency in financial software, and relevant certifications). The report also outlines the core roles, tasks, and responsibilities of corporate accountants, including financial statement preparation, reconciliation, internal controls, tax compliance, and communication with stakeholders. Furthermore, the report highlights academic and professional qualifications, such as experience, educational background, and certifications, which are critical for success in the field. The analysis provides a comprehensive overview of the current job market for corporate accountants, aligning with the unit's learning objectives.
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CORPORATE ACCOUNTING
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CORPORATE ACCOUNTING :1
Abstract
The report relates with the social advertisement of the chosen profile of job. The paper
studies number of illustrations of jobs of the corporate finance, which come up with an
opportunity to delegate the jobs to the people that possess the attributes of a person that fit
into the knowledge profile of corporate accounting. Indeed, seek and LinkedIn are some of
the job portals that are being identified. Corporate finance is the core area of business that
deals in sources of funding that includes deciding where to invest in order to increase the
worth of firms to shareholders, description of corporate finance, and the allocation of the
financial resources, which are applicable to the organisations. With opportunity to increase
the need for transparency and the disclosures of the annual report, an accountant will need to
accomplish the wants of investors with other stakeholders. The report will elaborate personal
characteristics of person to create corporate accounting.
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CORPORATE ACCOUNTING :2
Contents
Abstract.................................................................................................................................................1
Introduction...........................................................................................................................................3
Quantity of the job advertisements and their related path......................................................................3
4. Personal features of the corporate accountant....................................................................................8
Roles, tasks, and responsibilities of corporate accountant.....................................................................9
Academic and professional qualification for a corporate accountant...................................................11
Main roles, and responsibilities as being found for the collection of job advertisements in relation with
the topic of MMPA under the corporate accounting............................................................................12
Conclusion...........................................................................................................................................15
References...........................................................................................................................................16
Appendix.............................................................................................................................................18
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CORPORATE ACCOUNTING :3
Introduction
With the increase in the economic competition, several opportunities have been discovered as
per the needs of the organisations in all the sectors. Corporate accountant and financial
management has been established to manage the financial resources of the organisation by
prioritising the information to communicate to all the other departments of the company and
make appropriate decisions and analyse them under the light of appropriate resources (Grant,
and McGhee, 2017). The report describes them main aspects, core knowledge, of the job
procedure through which an accountant can get the right job through right source. The report
will reflect the job advertisements from different job portals such as LinkedIn, indeed, and
glassdoor. A person needs personal and educational attributes and skills to get a job. With the
expansion of market opportunities for an accountant and expert in finance (Greiner, 2015). At
first, the report undertakes to find appropriate jobs with the job source as being described in
the job advertisement on different job portals with other personal attributes that an accountant
will need to get a good job (Grant, and McGhee, 2017). At first, there are nearly 30 jobs
identified in the finance and corporate accounting field from different job portals. Job titles
have been mentioned in several collective advertisement procedure from the given portals.
Further, there is a skillset defined by the report to lead the job of accountant in an appropriate
way (Grant, and McGhee, 2017). It put more emphasis on personal attributes, tasks, roles,
responsibilities, and the personal attributes of the corporate accountant that has been given
below with the suggestion of how it can be built. At the end of the report, key roles, tasks,
and responsibilities have been reflected in regards to the accounting jobs with the availed job
profile market has also been assessed (Grant, and McGhee, 2017).
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CORPORATE ACCOUNTING :4
Quantity of the job advertisements and their related path
In this report, we have collected nearly 30 job advertisement form different portals (Bersuker,
Brandeis, and Kopito, 2016). Therefore, the job portals that have been analysed through are-
Glassdoor- 11
Linkedin- 11
Indeed- 11
Glassdoor
S number Company Name Industry given Title of Job
a. Oracle Enterprise software
Cloud computing
Computer hardware
Corporate
accountant
b. Honeywell Performance
Materials and
Technologies
Finance manager
c. Amazon E-commerce Finance analyst
d. Mathworks mathematical
Industry,
Mathematical
computing software
Finance analyst
e. Cargill Trading, purchasing,
distributing grain
and other
agricultural
Finance manager
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CORPORATE ACCOUNTING :5
commodities
f. Inveso Financial
services
Finance analyst
g. Target Retail industry management
accountant
h. Boston consulting
group
Consulting
organisation
Finance specialist
i. Philips Electronics;
Lighting; and Audio
system
Corporate
accountant
j. Wipro IT enabled services finance
k. Golden sun
technology
Cotton Fabric
Manufacturers
management
accountant
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CORPORATE ACCOUNTING :6
Linkedin
S number Company Name Title of Job
a. TFE hotels Hotel industry Finance manager
b. TFE solutions Hospitability
industry
management
accountant
c. Senior financial
accountant
d. realHub Real estate agency Senior financial
accountant
e. Sharp & carter Recruitment agency Management
accountant
f. Brookvale Warehouse company Management
accountant
g. Box Hill Infrastructural
company
Corporate
accountant
h. Showpo Fashion retailer Corporate
accountant
i. Schneider electric Electric and
technology
Finance manager
j. Flexigroup limited Leasing services Finance manager
k. Telstra Telecommunications
company
Finance manager
From indeed
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CORPORATE ACCOUNTING :7
S number Company Name Title of Job
a. Eckersley Art & Craft
company
Corporate
accountant
b. Volvo trucks Automotive Financial analyst
c. Viva energy
Australia
oil and gas industry Corporate
accountant
d. Mcquarie university Business research
and education
Finance
e. Port Melbourne
VLC
Seaport business Executive financial
assistant
f. Perth WA Iron-ore, gold, and
liquefied industry
Management
accountant
g. Downer Group Transport
infrastructure
services
Corporate
accountant
h. The Coffee Club Café sector Corporate
accountant
i. BIG W Retail Departmental
store
Corporate
accountant
j. American express Banking and
Financial services
Corporate
accountant
k. Fairfax media Entertainment
industry
Corporate
accountant
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CORPORATE ACCOUNTING :8
4. Personal features of the corporate accountant
Below are the skills and the features of a person as being required by the corporate
accountant. An individual needs a wide variety of skills and features with an aim to succeed-
a. An individual must have strong sense of the ethical principles. This will lead to the
presentation of integrity in accounting and bookkeeping activities (Anteby, and
Anderson, 2017).
b. Accountants need a strong base by displaying high interest in keeping it up to date.
Accountants must ensure with thorough understanding of development, laws, policies,
new principles, and standards.
c. An accountant has to be learner otherwise; it will not be asset to the organisation.
d. Accountants deal with many paper work so he should know the right source of
information in an effective manner that will excellently exhibit the company`s skills.
e. A good quality accountant will always accept the results and ensure that they would
not repeat the same mistake repeatedly (Abayadeera, and Watty, 2016).
f. An accountant will have to diverse in his array of dealing in different fields.
g. Other important skills of a good accountant is trustworthiness, integrity, and
reliability to ensure confidential remains a secret.
h. It is important to be a good communicator both at paper as well as orally as
accountants can also use visualisations to assist the communication effort.
Communication is the key to develop relationship between clients. Accountant faces
challenges related to respond to changes in the dynamic business environment.
i. Accountants often work in an team to provide and support different departments of
the organisation
j. Good working system will be able to find data through which important things can be
documented, figures and key facts.
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CORPORATE ACCOUNTING :9
k. Self-motivation spirit and also the ability to work in a team through leadership skills,
which can be helpful when working under pressure
l. A individual should have strong reasoning, technical and analytical skills
m. Enthusiasm to cope up with the dynamic business environment and related the impact
of the business operation
n. Strong in the conceptual frameworks to accomplish and prepare business reports
o. Core knowledge of the financial reporting and aspects in order to strengthen overall
accounting program in the organisation
Roles, tasks, and responsibilities of corporate accountant
The core responsibilities of the corporate accountant as being required by this job is
described as-
1. Tasks related to corporate accountant and this job purely relates to accounting entries
such as capital account, liabilities, and asset management. From the point of recording
to the point of transacting where the book begins.
2. There is a preparation of set of the financial statements that will include cash flow
statement,, balance sheet and the profit and loss account (Maas, Schaltegger, and
Crutzen, 2016).
3. Analysis the entries that made to see the respective ledger accounts, and finally
preparing the trail balance.
4. Monitoring the financial statements with the set of financial statements in order to
comment on the financial performance of the company and check whether it is
transparent or not
5. Maintaining a reconciliation bank statement in order to identify the reason behind the
discrepancies and then find an appropriate solution (Maas, Schaltegger, and Crutzen,
2016).
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6. Development of strong internal controls to control finance and accounting to monitor
them on continuous basis
7. Ensuring the preparation of financial statements and complying with the legal
requirements (Maas, Schaltegger, and Crutzen, 2016).
8. Maintaining the taxation and checking where the tax has been levied on the
organisation where the business has been ranging from international to national level
taxing.
9. Tax advices for different types of tax that has been imposed on the business
operations
10. Filing tax returns and ensuring whether there is a timely payment for different taxes
such as GST, CGT, VAT, and also the other taxes (Maas, Schaltegger, and Crutzen,
2016).
11. Implementation of backup management system and finally ensuring backups by it
12. Understanding the consolidation and reconciliation of business transaction while
preparing the needed statements
13. Conducting seminars and training as required per time for staff
14. Communicating with the organisational stockholders, auditors, stakeholders,
financiers, customer, and staff (Maas, Schaltegger, and Crutzen, 2016)
15. Complying with the domestic reporting frameworks with the international reporting
frameworks to comply with IFRS rules and standards
16. Conducting all the meetings for the accounting and finance team ensuring the
documentation
17. Job profile of an corporate accountant is analysed to support the decision making of
the business (Maas, Schaltegger, and Crutzen, 2016).
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CORPORATE ACCOUNTING :11
18. A corporate accountant will have to manage the financial reporting, forecasting and
the budgeting
19. The responsibilities include overseeing the accounting procedures and more policies
to ensure to comply with the rules and regulations.
20. A corporate accountant will have to look after the preparation of financial statements
and overseeing the budgeting and forecasting. A corporate accountant must be
reliable, good at evaluating business calculations, detail orientation, and it also
possess sharp business activities.
21. The responsibility will include analysing the finance risk factors by looking into the
forecast system
Academic and professional qualification for a corporate accountant
The needed qualification of a corporate accountant is in regards to the academic and
professional front-
Proven experience to work as corporate accountant (Hansmann, and Kraakman, 2017).
Excelled knowledge in regards to the accounting rules and policies
Efficient in MS office (Excel) and the other finance software’s such as ERP, SAGE, and
SAP (Hansmann, and Kraakman, 2017).
Analytical mind with the problem-solving attitude
A graduation degree in accounting and other possession in regards to other certificate
courses in profession of finance and accounting
Accomplishment of high ending financial courses such as CA, CPA, CWA, CS, and CFA.
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