Corporate Accounting: Job Advertisements, Roles, and Qualifications

This report provides a comprehensive overview of corporate accounting, starting with an introduction to the field and its functions, including cash flow statements and financial result interpretations. The main body of the report delves into job advertisements, detailing their purpose and impact, and lists various job titles from different sources. It also includes a list of organizations and their respective industries, followed by a breakdown of job titles within corporate accounting. Furthermore, the report explores the personal attributes required for a corporate accountant, such as accounting and communication skills, customer service, and decision-making abilities. It also outlines the professional qualifications needed for corporate accounting positions and connects the key roles and tasks with the MPA (Master of Professional Accounting). The report concludes with a discussion of additional topics that are missing from MPA but are listed in job advertisements, like budget preparation and financial statement preparation for subsidiary companies.

CORPORATE
ACCOUNTING

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Corporate Accounting is a special method of accounting which deals in different
organisation for their accounting system. Corporate accounting system includes different
function of accounting such as cash follow statements, different accounts, interpretation of
organisation financial result etc.
This study includes Job advertisement, organisation which use job advertisement method,
list of job titles which are available in company etc. This study also includes skills and quality of
corporate accounting, qualification for corporate accounting, various task, responsibility and
duties which are perform under this job titles.
MAIN BODY
1.Job Advertisement
Job advertisement is a method which informs people about open job position. It is written
in an attractive words and it includes detail knowledge not about the open job positions but also
about the organisation and various benefits that you offer to candidates. A well design job
advertisement will help organisation to attract and targeting perfect candidates. This will
automatically save company time , money and resources. With the help of job advertisement
organisation can get higher quality candidates in their premises (Ameri and et.al., 2018). This is
also reduce the cost of hiring. This method also help management to screening the individual and
reduce hiring time.
I have collected almost 30 job advertisement from the different sources. I have collected
15 job tiles from the indeed, 7 job titles from seek and 8 collected from the Jora. This job sites
are best for searching and hiring candidates in company. This sites provides highly qualified and
potential candidates to an organisation (Indeed, 2018). This job titles are corporate accountant,
senior accountant, tax accountant, corporate and management accountant, corporate financial
accountant, accountant corporate finance, corporate financial and management accountant, senior
financial accountant, senior accountant: tax and corporate reporting etc. Job titles are beneficial
for both management and the candidates (Jora, 2017). With the help of job titles person easily
know about open positions in company and management also know that who are interested for
certain positions.
2.Names of Organisation
There are different organisation which are follows in:
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 Powerstaff consulting perform their business in the Recruitment firm.
 Cape performs its business operation in Mining industry.
 Downer Group avails business in the Manufacturing enterprises provides and builds the
infrastructure.
 Hays perform their business in Construction industry.
 Lopaker is the company also deals in Recruitment industry.
 Grant Thomson works in Financial organisation which deals in capital market,
international standards and regulating bodies.
 COMO Hotel Asia performs their duty in Hospitality industry.
 Sarah Group Holdings operates along with the Construction industry.
 Peregrine Corporation provides their services in a retail industry which had its stores and
Smokemarts & outlets for gift-box.
 Davidson Recruitment is the company which provides services in Recruiting industry.
 Perigon Group Pty Limited is the recruitment company which also deals in recruiting
industry.
 TGS Partners Pty Ltd does it business in Finance company which practices the Charted
Accounting.
 Hays recruitment provides their business in recruiting industry.
 Coffey serves their employment in the engineering industry.
 Commonwealth Bank run among the Financial industry.
 Pirtek is the leading supplier for premium fluid transportation solution and it function
under manufacturing industry.
 Uniting talent provides service among the Health and Care industry which provides home
precaution facility to the aged people.
 Racing Victoria percolate its concern activities in Information technology industry which
offers various content across digital, message and social media.
 Hylton Castle Motors proceed the commercial enterprise under transportation system and
logistics industry.
 Quinn & Associates avails its business in the finance business which access in recruiting
and practising the broking of financial and accounting services.
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 Murphy Pipes & Civil operates in the finance based company has posted job
advertisement for the full-time permanent capability.
 Lockheed Martin avails business in defence and application which is engaged in the
design, research, development, integration of precocious tech scheme, products and
services.
 Kone is the global leader in the escalator and elevator industry. This company operates its
business among 60 countries.
 Origin Energy conducts business in energy industry. Company operate the procedure of
electricity generation, renewable energy, natural gas production etc.
 Suncorp Group preovides service in the Finance and treasury industry which includes the
insurance, finance, banking corporation and wealth management.
 Mater is the medical research and development company which design, discover,
commercialize and translate medical research.
 Moore Steohens (WA) Pty Ltd. operates the business in the finance company which
provides the commercial and personalized audit, tax, accounting and business advisory
services.
 West Recruitment provides services in recruiting industry.
 Walker partner perform their duty in accounting firm under Finance industry.
 CleanCo is the public company for cleanable energy and devalued generation of energy.
The company is dealing in energy industry.
3.List of job titles
Job titles means name of position which is held by an employee in company. Job titles
give detail about candidate position and also give a overview about position in an organisation
hierarchy. This will help employers in company to differentiate the positions and also helps
newly candidates to find out job as per their knowledge, experience and qualifications (Bennett,
Richardson and MacKinnon, 2016). It is important for an organisation because it is represent
company formal structure. Job positions are based on employee experience, their job seniority,
department, responsibility etc. This will also help job seekers to identify open position or vacant
position an organisation. This are short in nature and are almost common in management.
There are different types of job titles in an organisation:
 Corporate Accountant.
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 Management Accountant.
 Program Accountant.
 Senior Accountant.
 Senior Corporate Reporting Accountant.
 Tax Accountant.
 Management Accountant.
 Corporate Financial Accountant.
 Corporate Financial Control Accountant,
 Senior Financial Accountant.
 Accountant treasury, tax and banking Accountant.
 Corporate and International Tax Accountant.
 Senior management accountant.
 Intermediate Tax Accountant.
 Senior Group Accountant.
 Financial Accountant and Account Officers.
 Assistant Financial Accountant.
 Senior Accountant.
 Corporate assistant accountant.
 Senior business service accountant.
 Senior Corporate Accountant.
 Financial accountant and account officers.
 Certified public accountant.
 Grant accountant.
 Senior financial management and management accountant.
 Senior tax accountant.
 Corporate accountant.
 Corporate assistance accountant.
 Management accountant.
4. Personal attributes required in corporate accountant
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Corporate accountant plays a remarkable role within organization. They are usually involved in
decision making regarding financial issues in company. Thus, the individual in order to become
successful corporate accountant should have some prescribed skills to preform their tasks
effectively (Blackmore, Gribble and Rahimi, 2017). These personal attributes will not only help
them to manage their work but will also help in smooth operations of the organizations. The
major personal attributes which a successful corporate accountant possess are
 Accounting skills
 Communication skills
 Customer service
 Decision making
5. Evaluation of personal attributes
 Accounting skills
A good corporate accountant must have a great grasp of figures and digits and thus the
accounting and corporate skills should be outstanding as well as there must be a high accuracy in
terms of financial digits as well as should be proficient in preparing financial reports.
 Communication skills
A well to do corporate accountant are generally required to interact with cross
departments in order to explain the numbers and complex figures and even to shareholders thus
the ability to communicate using the language which is free of jargon is essential for them
(Cegielski and Jones‐Farmer, 2016). In view of this, the communication skills of a corporate
accountant should be remarkable enough.
 Customer service
Maintaining a good customer base is what matters for every organization thus an
accountant must have required skills and potential to collaborate with the customers and assist
them either internal or external.
 Decision making
This attribute becomes the foremost part when it comes to roles as well as responsibilities
of an accountant under which they are required to have great ability of decision making
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strategically (Gerstein and Friedman, 2016). They should have enough knowledge to assess
every bit of the organization and business like different financial indicators and eventually stood
on a decision by analysing all these.
6. Professional qualification of corporate accountant
A candidate, for securing the vacancy of discreet corporate accountant are required to
have following qualifications as well as should meet the specified criteria as follows
The applicant must have an experience of minimum 3 years whether in the same field or
in related field. The required person must possess an undergraduate degree and should have
secured at least of an average of 50% (Durocher, Bujaki and Brouard, 2016). The candidate must
be specifically detailed oriented and should have high potential for reliability & accuracy. Apart
from this, good & powerful organizational skills must be inculcated within the candidate and
should be multitasking. A strong, written along with interpersonal skills are needed with a great
degree of flexibility towards changing environment (Bosmans and et.al., 2016). Candidate
should have a great potential to interact with different management levels and must possess the
abilities to perform in high turnover business. The essential attribute which is required in
candidate is that the individual should have the capability to function effectively under pressure
as well as meet the precise deadlines. In relation to computer literacy, the candidate should have
a good ERP experience along with skills in Microsoft excel.
7. The key roles and task including responsibilities and relating the topics with the MPA.
The key roles as well as responsibilities which are related with MPA are:
The key roles are related to the topic as corporate accounting demands for application of
company law and if the business is located outside then it also demands application of
international law in accounting (Dropkin and et.al., 2016). The |Australian Accounting Standards
are required to be followed in order to prevent a company from any legal dispute. Australia
follows the IFRS International Financial Reporting Standards for the international business. The
accountant must check whether all these are followed on regular basis or not.
Analysing and evaluating the financial statements is also roles of a Corporate accountant
in which the accountant used to see the financial statements such as statements of equity, balance
sheet and income statements. Viewing all these statements the market value of share is
determined. It is also the responsibility of accountant to fairly evaluate the financial statements
and should not misinterpret ate them for the personal gain.
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If there is any financial problem which can be due to creditors not paying debts, having
access cash availability, having depreciated machinery etc. All these problems must be addressed
by the accountant (Del Carpio and et.al., 2017). The problems must be addressed by the
corporate account by providing reasons for the problem and how the problem can be resolved.
For example if there is extra cash availability in the firm then must be utilised by investing
somewhere because if the funds not invested then the borrowing cost will lead to loss of the
company.
Making judgement by choosing the best method for accounting which will fairly evaluate
the company is also the responsibility of an accountant. For example which inventory method is
best is chosen by the company like LIFO method or FIFO method. The accountant advices the
company in order to save the taxes by increasing the cost of goods sold.
8. Additional topics that are missing from MPA which are listed in Job advertisements.
Budget preparation is also the responsibility of a corporate accountant in which the
accountant takes various factors such as corporate taxes, the estimated share price, cost of
debentures and cost of issuing shares. Budget preparation will also include the estimated
purchase of the shares including listing of the shares and where to invest those funds in order to
gain the highest return. These all are the responsibilities of a corporate accountant which are not
mentioned in MPA.
The corporate account also prepares the financial statements of the subsidiary companies
in order to do evaluation of financial performance and then the performance is compared with
the other subsidiary companies. The taxes are also calculated separately on the subsidiary
companies and then the tax is merged with whole company. The corporate accountant is also
responsible for making consolidated financial reports of the company. If there are mismatch in
the financial statements and the actual results then it is corrected by posting rectified journal
entries. All these are the roles and responsibilities of a corporate accountant.
9. skills and experience needed to become corporate accountant
There are different skills required in a person to become a corporate accountant. These
skills are essential to handle the roles and responsibility of CA in the business. These skills are
based knowledge and mindset of individual person. Innovative thinking, better understanding,
strong communication, commercial awareness, resilience and work experience are some skills
that can help the person to become a good corporate accountant. As per different job applications
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I have evaluated that some of other skills which are common in all advertisement are related too
the analytical skill, problem solving skill and knowledge of accounting. Without these skills it is
difficult for person to become a corporate Accountant (Erickson, 2017). From this activity I have
learnt about skills I need to Improve and other skills that are need to be developed. Analytical
skills are most important for corporate accountant because it is important to evaluate the finance
reports of Australian organization to understand the current accounting trends and economic
situation in country. Better understanding of data can help the people to understand the
calculations and transactions which are complex for others (Grossman and Johnson, 2015).
These skills will also improve their communication with other corporates. It is important for CA
to handle the problems with in the organization related to finance field. This is a key skill for this
job role.
Apart from this personal skill, person also need to have hard skills that are essential for
job role of Corporate Accountant. These hard skills are- accounting strategy designing,
formatting of financial reports and core knowledge that are designed and adopted by Australian
government.
Experience
In the corporate world this it is good to have knowledge of field but with good
commercial knowledge it is important for person to have experience of the international
accounting standards and rules that are important meet pre-defined goals . These experience of
corporate accounting can help person to better understand complex problems and find effective
solution. Just by knowledge it is not possible to solve difficult financial problem but with help of
good experience a CA can provide better strategies and planning to corporates. In my opinion
corporate accountant is the person who deals with all financial data and records (Jacoby, 2018).
This is important for them to have enough experience to handle organization data effectively. As
per the job advertisement and their analysis I have evaluated that to survive in the typical and
core problems a corporate must have knowledge and experience of corporate world.
Apart from some core skills and experience there are some attributes which can improve
the carrier of person as corporate accountant. These attributes are about personal behavioural of
person and it consists that qualities like good communication, positive behaviour, self
motivation, team working and other personal skills that can help the person to grow in the
corporate carrier. Attributes communication, high motivation and team working can improve
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their core skills that are important to work efficiently in business world. This is how different
core skills, experience and personality traits can help person to become a good corporate
accountant.
CONCLUSION
From the above study, it has been concludes that a corporate accountant is the heart of an
organization and plays an essential role in various aspects of business as well as help other
personnels for the smooth operations of business. Their varied skills and capabilities helps the
top as well as lower management to avail the benefits of financial activities effectively and
overcome the different financial crisis. A corporate accountant helps in planning the budget and
maintaining the overall financial report which eventually helps the companies to have the access
of wide range of marketing activities along with balanced financial management.
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REFERENCES
Books and journals
Ameri, M and et.al., 2018. The disability employment puzzle: A field experiment on employer
hiring behavior. ILR Review. 71(2). pp.329-364.
Bennett, D., Richardson, S. and MacKinnon, P., 2016. Enacting strategies for graduate
employability: How universities can best support students to develop generic
skills. Sydney: Australian Government Office for Learning and Teaching.
Blackmore, J., Gribble, C. and Rahimi, M., 2017. International education, the formation of
capital and graduate employment: Chinese accounting graduates’ experiences of the
Australian labour market. Critical Studies in Education. 58(1). pp.69-88.
Bosmans, K and et.al., 2016. Explaining the relation between precarious employment and mental
well-being. A qualitative study among temporary agency workers. Work. 53(2). pp.249-
264.
Cegielski, C.G. and Jones‐Farmer, L.A., 2016. Knowledge, skills, and abilities for entry‐level
business analytics positions: A multi‐method study. Decision Sciences Journal of
Innovative Education. 14(1). pp.91-118.
Del Carpio, X and et.al., 2017. Skills for a modern Ukraine. The World Bank.
Dropkin, J and et.al., 2016. Blended work as a bridge between traditional workplace employment
and retirement: A conceptual review. Work, Aging and Retirement. 2(4). pp.373-383.
Durocher, S., Bujaki, M. and Brouard, F., 2016. Attracting millennials: Legitimacy management
and bottom-up socialization processes within accounting firms. Critical perspectives on
Accounting. 39. pp.1-24.
Erickson, B.H., 2017. Good networks and good jobs: The value of social capital to employers
and employees. In Social capital (pp. 127-158). Routledge.
Gerstein, M. and Friedman, H.H., 2016. Rethinking higher education: Focusing on skills and
competencies. Gerstein, Miriam and Hershey H. Friedman (2016),“Rethinking Higher
Education: Focusing on Skills and Competencies,” Psychosociological Issues in Human
Resource Management. 4(2). pp.104-121.
Grossman, A.M. and Johnson, L.R., 2015. Employer perceptions of online accounting
degrees. Issues in Accounting Education. 31(1). pp.91-109.
Jacoby, S.M., 2018. The embedded corporation: Corporate governance and employment
relations in Japan and the United States. Princeton University Press.
Online
Indeed. 2018. [Online] Available Through:<https://www.indeed.co.in/>
Jora. 2017. [Online] Available Through:<https://play.google.com/store/apps/details?
id=com.jora.android&hl=en_IN>
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