HI5020 T2 2019: Corporate Accountant Qualifications and Experiences

This report, prepared for the HI5020 Corporate Accounting unit at Holmes Institute, examines the qualifications and experiences sought by employers for corporate accountant positions. The study begins with a collection of job advertisements from various sources, including Seek and Jora, detailing the specific roles, responsibilities, and industry breakdowns. The report then analyzes the characteristics of a successful corporate accountant, highlighting the importance of business acumen, communication skills, organizational abilities, and ethical conduct. It outlines the eligibility criteria, including educational qualifications such as degrees in economics, mathematics, and accounting certifications like AAT, CIMA, ACCA, and ACA, as well as the significance of analytical and numerical skills. The relationship between corporate accounting practices and job advertisements is explored, focusing on the roles of accountants in financial reporting, tax management, and internal audits. The report also discusses the responsibilities of various accounting roles, such as CFOs, senior accountants, and tax accounting executives, and the importance of adhering to financial regulations. Finally, the report emphasizes the collaborative evaluation process between corporate entities and academic professionals to enhance the quality of accounting job seekers, and the role of project managers and teachers in selecting eligible corporate accountants through the recruitment process.

Running Head: CORPORATE ACCOUNTANT
Qualifications and Experiences of Corporate Accountants
Name of the Student:
Name of the University:
Author’s note:

CORPORATE ACCOUNTANT
Abstract
There is a huge opportunity of accounting jobs in the finance sectors and finance department in
other companies. The designation may vary according the job responsibility of the employees.
The fundamental requirement to play the job role is having a sense of business skills along with
the skill of handling numeric. The corporate accountant plays a great role in the organization as
they help in making strategic decisions for the organization. They are responsible for financial
analysis and control the excess cash flow beside their daily job duties. The primary necessity is
adequate communication skills to become a good corporate accountant.

CORPORATE ACCOUNTANT
Table of Contents
Introduction..........................................................................................................................3
Collection of job advertisements.........................................................................................3
Table of the Jobs Advertisements:.......................................................................................4
Corporate accountant’s characteristics:...............................................................................7
Eligibility of a corporate accountant:..................................................................................8
Relationship between Corporate Accounting and the advertisements for it (roles, tasks
and responsibilities):........................................................................................................................9
Findings from Corporate Accounting in the context of job advertisement:......................12
Competence and experience required for a corporate accountant:....................................13
Conclusion.........................................................................................................................14
References..........................................................................................................................16

CORPORATE ACCOUNTANT
Introduction
Accountants hold a salient place in finance and other industries. They are responsible for
handling financial records, preparation of those reports and measuring profit and loss of the
business. Apart from working with numbers, they have to beyond that. An accountant manages
the clients of business besides the management of the enterprise. Being expertise with the
numeric is essential for an accountant, but he or she needs to be honest, organized and
disciplined with their work. A good accountant should have the ability of fluent communication
skills, writing skill and flawless verbal skill. There is a huge demand for accountants in the big
cities but small towns also provide numerous jobs for the accountants for the unhindered flow of
the business. The degree of an accountant helps the individual to become eligible for different
job roles in any organization. Apart from the primary role of the accountants, they also work as
an auditor for the company. Most of the companies need to do an audit once a year. Therefore,
accountants have the opportunity to become a part of the company audit. In the case of the
company budget, the accountant is the person assists the company to make their budget. An
accountant needs to be a good analyst about the business environment and the other departments
of the company that will help in making the budget analysis for the business.
Collection of job advertisements
In this study, there are several examples of job advertisements are provided with the help of the
list. Seek and Jora is the sources from which the advertisements are taken for the execution of the
project. Thirty job advertisements are selected from these web pages.

CORPORATE ACCOUNTANT
Source :Au.jora.com (2019) Source: Au.jora.com (2019)
Table of the Jobs Advertisements:
The table below shows the list of job advertisements provided by several companies published
on the web pages of Seek and Jora. The list also portraits the job role and the breakdown of the
industry.
SL.
NO.
Name of the Organisation Industry Breakdown Source Position
1 Sharp and CarterVictoria Focuses to an wider extent
of accounting rather than
the basic responsibilities
of accounting regularly.
JORA Assistant
accountant
2 Melbourne VIC Providers of foreign
exchange
JORA Reconciliatio
n accountant
3 North East Link
AuthorityMelbourne VIC
Accounts and finance JORA Finance
officer
4 FourQuartersMelbourne VIC Finance enterprise JORA accountant
5 Speller
InternationalMelbourne VIC
Internation trade
enterprise
JORA Payroll trainer

CORPORATE ACCOUNTANT
6 Holcim AustraliaWerribee
VIC
Quarries at Oakland
Junction and Werribie
JORA Account
manager
7 Bundaberg & Wide bay
Burnett
Finance consultancy JORA Office assitant
8 Pirtek Fluid Systems Finance company JORA Corporate
Assistant
accountant
9 Thales Australia Market changers JORA Assistant
accountant
10 Metro staffing solutions Recruitment firm JORA Assistant
accountant
11 Perigon group Pty limited Industry leaders JORA Financial
Accountant
12 Australian village
management Pvt. Ltd
Environment security
enterprise
JORA Full time
assistant
accountant
13 China Merchants Bank Co.
Ltd
Bank JORA Assistant
accountant
14 Docklands VIC ASX listed food
manufacturer and are
undergoing massive
expansion throughout
Australia and is planning
to set business
internationally.
SEEK Account
assistant/
bookkeeper

CORPORATE ACCOUNTANT
15 DogdayzMelbourne A proven ability, with
integrity and flair
commitments company of
finance.
SEEK Office
manager
16 Australian Agribusiness
group
Traders of agricultural
tools
SEEK bookkeeper
17 LMYY National valuation
company
SEEK Corporate
accountant
18 Racing NSW Horse racing su8pervisors SEEK Stakes
accountant
19 Better That Part-time finance firm SEEK Junior
Accountant
20 Hays accountancy and
Finance
Finance firm SEEK Assistant
accountant
21 Private Advertiser Advertising enterprise SEEK Assistant
accountant
22 JCDecaux Collaborative finance
group
SEEK Accounts
graduate
23 Tree of life Band promoters SEEK Payroll officer
24 Dahua Group Melbourne
Number 1 Pty LtdMelbourne
Finance enterprise SEEK Accountant
25 Bunch and Books Book keeping service
provider
SEEK bookkeeper
26 flybuys - Find your
placeMelbourne VIC
Travel agency SEEK Account
officer

CORPORATE ACCOUNTANT
27 Smaart
RecruitmentMelbourne VIC
Consultancy recruiting in
skincare and retail stores
like MECCA
SEEK Accountant/
bookkeeper
28 ThompsonCookAbbotsford
VIC
Finance enterprise SEEK Part time
bookkeeper
29 ART Security Pty
LtdMelbourne
Have a small accounts
team focusing on the
received and payment
accounts.
SEEK Accounts
officer
30 Robert WaltersMelbourne
VIC
Its an international luxury
retail firm
SEEK Junior
accountant
Corporate accountant’s characteristics:
Precise and practical knowledge of accounts and business environment along with the ability to
meet the expectation of the clients are the main characteristics of a professional accountant. The
employer of a company expects the accountants to be more intensified about their work and they
should have the efficiency to work flawlessly. A corporate accountant focuses more on
practicality as the business environment changes from time to time (Agrawal and Cooper, 2017).
The degree of accounting provides knowledge about business decisions and helps to predict the
financial health of an organization. A minor mistake can be the reason of loss for the company.
Therefore, a professional accountant is expected to possess enormous organizational skills.

CORPORATE ACCOUNTANT
1. The most important attribute that an accountant should have is the communication skill.
A good communication skill will help the accountant in dealing with the clients and settle
their financial issues.
2. Along with handling the financial management, accountants are also responsible for
strategic decision making for other departments of the organization.
3. A professional accountant should have the ability to organize and manage the work order
to increase the productivity of the enterprise.
4. The elementary part of an accountant’s job is to check each activity with diligence and in
a detailed manner.
5. Another characteristic that a professional accountant should have is creativity. This
attribute helps the individual to take right decisions for financial functioning.
6. The most important attribute of an accountant is the honesty. A corporate accountant
needs to keep the information safe and they cannot outsource it to other parties. Once an
accountant works for an organization, he or she needs to be committed towards their
organization.
Eligibility of a corporate accountant:
Accountants work in both private and public sectors and provide financial assessment,
consultation and auditing services. The essential job responsibility of an accountant is to
maintain and review the financial records timely. Apart from that, they also assess financial
operations and provide recommendations for the company. Besides the major responsibilities,
they are also allocated with the task of daily fund management (Blackmore, Gribble and Rahimi,
2017). A corporate accountant deals with and manages money regularly. They are mainly
responsible for making financial reports, handling the budget, procurement and tax. Some

CORPORATE ACCOUNTANT
organization hires the accountant for the financial audit of their business. The corporate
accountant handles the managerial accounting of an organization. It helps the accounting
managers to provide data for the process of decision-making. The decisions that are made by the
manager rely on accounting information. Apart from that, the management accounting includes
financial forecasting and budget based cost report.
The qualification of an accountant makes an individual eligible for a job role in accounting. They
have to be enough qualified to measure the historical data and to provide statements to the
shareholders. The list above shows the job roles of the concerned companies and most of the job
roles need potential accountants with certified degrees. The eligibility criteria for the accountant
are the knowledge of economics and maths and the degree of BTEC. Apart from these
qualifications, there are other educational degrees make an individual eligible for the role of a
corporate accountant (Christ and Burritt, 2017). Most of the organization demands AAT
(Association of Accounting Technicians) qualified individuals for handing their accounts work.
In other words, we can say that this degree is the minimum level of qualification required for the
jobs of accounting. Applicants having higher qualification like CIMA, ACCA or ACA gets the
opportunity to work as a chartered accountant. Along with the degree, a corporate accountant
should have analytical and numerical skills, which helps them to handle the company audit
(Crockett and Ali, 2015). The elective subjects like business studies and math increase the
eligibility for individuals to get accounting jobs.

CORPORATE ACCOUNTANT
Relationship between Corporate Accounting and the advertisements for it (roles, tasks and
responsibilities):
The job advertisement regarding the job role of the accountants is the main consideration of the
study. The job advertisements enable the eligible persons to get their dream jobs like a tax
accountant, senior accountant, corporate accountant, auditor and other positions in the
organizations situated in Australia. Apart from the job role, the advertisements also consist of
academic qualification required for pursuing those designations (Dunbar, Laing and Wynder,
2016). The academic requirements are discussed in a detailed manner in the job advertisements.
Corporate accounting deals with the formation of final accounts, cash flow statements,
investigation and interpretation of the company’s financial state. In the advertisement of
corporate accounting, the roles, responsibilities, eligibility, minimum qualification has been
provided. As per the eligibility of the candidates, they apply for those advertised jobs and after
evolving the process of recruitment they are been selected.
The employees of the corporate accounting department are responsible for making financial
accounts on quarter and annual basis and they handle the account records. Such department has
one CFO (Chief Financial Officer), who supervises the overall corporate accounting system of
the concerned organization. The CFO of the company maintains corporate accounts and some
other financial accounting duties. The basic role of the corporate accountants is relevant to the
area of payable accounts, receivable accounts, payroll and finance control of the company
(Durocher, Bujaki and Brouard, 2016). Along with these duties, the accountants maintain the
financial reports of the company. The person who holds the position of senior accountant in the
company has the responsibility to record the total funds, total assets and total liabilities of the

CORPORATE ACCOUNTANT
company. They also deal with the accounting information that helps to analyze the key areas of
discrepancies regarding the revenue and expenses of the company.
The tax accounting executive plays a dominant role in the organization as they deal with the tax-
related matters. This accountant helps the company to construct financial and income tax
statements. The tax accountant also helps the organization to identify the tax and saves the tax by
analyzing the tax-related issues (Ganesan, Antony and George, 2018). The corporate accounting
department appoints some financial accountants, who manage the payment of tax and helps the
company with the aid of an internal audit by preparing the company budget. The inspection of
the company account is the responsibility of both management and financial accountants. The
main objectives of corporate accounting are the modification of the business, company
expansion and conduction of fiscal business policies. Along with these responsibilities, corporate
accountants take care of the financial rules, laws and regulations while making the company
policy (Grossman, and Johnson, 2015). The job advertisement for corporate accountants
describes all the requirements for eligible candidates.
There is a joint evaluation taken by corporate entities and academic professionals to enhance the
quality of accounting job seekers. A group of project managers and teachers select eligible
corporate accountants with the help of the recruitment process. The academic professionals are
been selected based on their qualifications, as they help the organization to reform the
accounting system (Hoitash, Hoitash and Kurt, 2016). The company clarifies them about their
duties. The duties of corporate accountants are based on the area of accounting operation and the
responsibilities may vary due to the variation in the job area. The overall accounting system
includes internal audit, payroll system, maintenance of receivable and payable accounts and the
procession of income invoices (Karadag, 2015). The knowledge of management accounting