An Analytical Report on Corporate Accounting Job Market in Australia

This report provides an in-depth analysis of the corporate accounting job market in Australia, focusing on job opportunities advertised on various online job portals. The study examines 32 sample advertisements to identify key trends, including the types of companies hiring, industry-specific demands, and the various job titles used. It highlights the required personal attributes, academic and professional qualifications, key roles, responsibilities, and tasks expected of corporate accountants. Furthermore, the report connects the practical demands of the job with the theoretical knowledge covered in the MPA and HI5020 curriculum, identifying any gaps. The analysis covers the skills, attributes, and experiences employers seek, offering insights into the evolving landscape of corporate accounting careers in Australia. The report concludes with a summary of the role of job advertisements in online portals and the requirements of corporate accountant positions in Australia.

Corporate Accounting
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Abstract
Job market is getting wider now-a-days by the contribution of online job portal through
social media availed through internet. Different job opportunities are advertised on the
online job portals for different job scopes. Main subject of discussion of this article is job
opportunities in Australia for the post of corporate accounting through online job portals.
Accounting is considered as one of the prestigious jobs since inception of business
process globally. For the companies listed in stock exchange market, the role of
corporate accountant provides significant contribution by its knowledge and deliverance
to the stakeholders. This article will highlight the role of corporate accountants with their
personal attributes, key tasks, roles, responsibilities and deliverables for the corporate
entity in Australia. It will also be highlighted how the job opportunities of this position is
advertised in the online job portals of Australia by selecting thirty two samples of
advertisements from the eminent job portals of the country. The samples will highlight
the requirements and subsequent expectations of the employers from their employees.
The advertisements show clearly the background of corporate business, the
requirement of educational and professional qualification required for the specific jobs
offered in the segment of corporate accounting, and the compensation packages
offered to the aspirant employee for his effort. This analytic report will also highlight the
role of MPA and HI50020 curriculum about the need of becoming a corporate
accountant in Australia, with its features and shortcomings.
Key words: corporate accountant; online job portals; advertisement; personal attributes;
role; key tasks; responsibilities; qualification; experience.
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Table of Contents
Introduction.................................................................................................................................................4
Sample analysis as per job portal sources...................................................................................................4
Organization and industry-wise analysis of selected samples.....................................................................5
Analysis of job advertisement as per job title..............................................................................................8
Role of personal attributes – corporate accountant jobs............................................................................9
Analytical discussion of personal attributes..............................................................................................10
Academic and professional qualification for corporate accountant..........................................................11
Key roles, responsibilities and tasks of corporate accountant...................................................................12
MPA and HI5020 missing topics................................................................................................................12
Analysis of required skills, attributes and experiences for corporate accountant.....................................12
Conclusion.................................................................................................................................................13
References:................................................................................................................................................14
Appendices:...............................................................................................................................................17
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Introduction
The trend of job advertisement had changed a lot in recent period. The advertisements
in print media are replaced by advertisement placed in social media-based online job
portal. These job portals provide a common and convenient platform for the employer
and aspirant candidates to meet and exchange ideas for flexible time period. We are
discussing this same subject in perspective of Australian job market for corporate
accounting. This segment of accounting needs special expertise empowered by
professional and academic qualification. Demand of this profession endorses personal
attributes to perform this specific role of accounting. It is imperative to say that all
professions have their own features and respective demands by the employer from the
aspirant candidates. The job advertisements in online job portals provide the respective
details about the job opportunity with the company profile, the expectation of the
employer from the employee, identification of specific key tasks, role, responsibilities
and duly justified compensation related to the job opportunities of corporate accountant.
The advertisements of job scopes also provide specific required professional
qualification with relevant experience to perform the stipulated job of corporate
accountant. This article demands consideration of 32 samples of advertisement
published in respective job portals to analyze the trend of different aspects related
publication of such advertisements. Main objectives of this consideration and respective
analysis are to understand the type of advertisement from different employers with their
legal status, industry-type and consideration of different job title with different name of
positions under the nomenclature of corporate accountant. This article will also
emphasize on personal attributes, tasks, responsibilities, key role and deliverables
expected from the aspirant candidates with respective compensation offered in
monetary terms and future prospect. This article will also connect MPA and HI5020
corporate accounting curriculum to find the practical demand of the job and respective
theoretical knowledge to handle those professional challenges as faced by corporate
accountant in Australia. From this article we can conclude about the role of job
advertisement in online portal with the need and subsequent compliance of the posts of
corporate accountant in Australia. Employers look for best possible applicant to fill up
their vacancies and the online mode of job advertisement is the present best option for
this purpose for both employers and employees.
Sample analysis as per job portal sources
To analyze thirty two samples collected from four major job portals namely seek.com;
indeed.com; adzuna.com; and Hays, it is found that seek.com, (seek, n,d) indded.com,
(indeed, n.d) adzuna.com (adzuna, n.d) and Hays (Hays, n.d) has contributed to the
samples selected with fifteen, fourteen, two and one instances respectively. All these
online job portals are popular in Australia and the corporate entities prefer to advertise
their job opportunities there to attract the sight of good and deserving candidates.
Corporate accountant is a specialized position of accounting in corporate level and
proper advertisements attract the sight of right candidates of Australia to meet the
requirements of both the parties. (Mallory, n.d)
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Source-wise analysis of advertisement considered
Source Samples
adzuna.com 2
Hays 1
Indeed.com 14
Seek.com 15
Total 32
The below mentioned donut chart projects the contribution of different online job portals
to understand the number of advertisements featured for this case study. Due to latest
trend of depending upon advertisement in online job portals, the employers do not insist
upon the advertisement in print media and this is a global trend for employment
opportunities for all job opportunities. This case study is insisting on employment scope
of corporate accountant and the below chart gives the contribution part of the
stakeholders by donut chart.
Source-wise analysis of
advertisement considered
adzuna.com
Hays
Indeed.com
Seek.com
Organization and industry-wise analysis of selected samples
Organization wise analysis of this case study depicts that out of thirty two samples,
most employers are from ASX listed companies. I am giving below the list of those thirty
two employers with their industry specification to understand the quantum of
advertisement flow as per organization and respective industry. From the sample
analysis, it is observed that most of the companies require corporate accountant either
for their new set up or to serve existing set up to ensure service level of the accounting
reporting of the companies. It is observed that many job opportunities do not have
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company name, which is part of the advertisement strategy of the advertisers. The main
purpose of this strategy is not to disclose client name initially to the aspirant candidates
for secrecy purpose.
Company Industry
Beach Energy Ltd Energy
First Graphene Ltd Infrastructure
Paybang Pty Ltd.
E-commerce and financial
services
Allura FMCG
Not disclosed Service
Racing Victoria IT Distribution
Not disclosed Infrastructure
Reo Group Finance
Not disclosed Mining
National Service
Group Finance
Not disclosed Infrastructure
Not disclosed Entertainment
Solar Juice Energy
Freshmax Group Organic food
Australian Solicitor
Group Service
Myer Retail chain
Suncorp Group Finance
Rio Tinto Mining
MPC Group Infrastructure
Redpath Partners
Pty ltd Human resource
Pepper Group Finance
ME Bank Finance
OZ Minerals Mining
Lawson Elliott Human resource
iSelect Finance
Studco Infrastructure
MPC Kinetic Infrastructure
Pirtek Australia Infrastructure
Not disclosed IT Distribution
Not disclosed Service
ADLI, Australia Retail chain
BGIS Service
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The industry-wise analysis of the samples selected had shown highest number of
contributors as infrastructure with seven followed by finance segment of six. The other
contributing industries are service industry by four; mining industry by three; energy,
human resource, IT distribution and retail chain by two each; and e-commerce and
financial services, entertainment, FMCG and organic food by one each.
Industry-wise analysis of samples considered
Energy 2
E-commerce and financial services 1
Entertainment 1
Finance 6
FMCG 1
Human resource 2
Infrastructure 7
IT Distribution 2
Mining 3
Organic food 1
Retail chain 2
Service 4
Total 32
The above industry-wise analysis was projected through below given bar chart
presentation to understand the contribution of industries for employment opportunity of
corporate accountant in Australia as per advertisement samples collected to meet the
need of this case study.
0
2
4
6
8
Industry-wise analysis of samples
considered
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Analysis of job advertisement as per job title
The advertisements mainly feature the requirement of corporate accountants for
different employers. There are different names used in the advertisements like financial
accountant, corporate accountant, corporate financial accountant, corporate assistant
accountant, corporate financial control accountant, etc. which are covered under the
basic nomenclature of corporate accountant so far job category is concerned. As per
selected samples of advertisements, the job of corporate accountant is selected with
seventeen numbers, followed by financial accountant of nine numbers, corporate
financial accountant of two numbers and corporate assistant accountant, corporate
financial control accountant and senior corporate accountant of one number each to
constitute thirty two samples of job opportunities selected for this case study.
Job Title wise analysis of Advertisement
Job Title
Sample
s
Corporate accountant 17
Corporate Assistant Accountant 1
Corporate Financial Accountant 2
Corporate Financial Control
Accountant 1
Financial Accountant 9
Senior Corporate Accountant 1
Sr. Corporate Accountant-
Technical 1
Total 32
The below mentioned pie chart can give idea about the contribution of different positions
related to job advertisements for corporate accountant as per job title selected from
different online job portals of Australia.
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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
Role of personal attributes – corporate accountant jobs
As per the features of advertisements regarding jobs of corporate accountant, personal
attributes mentioned in the matter of advertisements play vital and significant roles for
selection of right candidate. Personal attributes generate from respective academic and
professional qualification with self-culture of the individual aspiring for any job. The type
of personal attributes required for this job is divided in two-fold aspects. First type of
attributes include gathering of professional and academic knowledge. The professional
knowledge consists of technical, theoretical and professional knowledge along with
required level of experience as per employers’ specification. The second type of
personal attributes represents human qualities. These attributes include the ability of the
candidate to cope up with the corporate culture of the organization, justification of team-
man ship with exploration of scope of leadership quality, excellent level of interpersonal
and communication skills with strong sense of professional ethical application.
To elaborate the first type attributes, the incumbent for the position of corporate
accountant needs to be updated with latest form of corporate accounting as per MPA
and Hi5020 curriculum of corporate accounting. Apart from this technical knowledge,
the aspiring candidate has to know the skill of budgeting and forecasting. To be a
successful candidate, one has to be conversant with latest type of accounting packages
of online cloud version and offline static version. All these attributes enable the
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candidate to deliver as per the need of the corporate and as per specific situation. All
these personal attributes are mentioned in the sample advertisements of corporate
accountant selected from the online job portals. Professional knowledge needs to cover
the latest version of regulatory bodies’ standards applicable for execution of statutory
compliance within due time. As per the status of the position, corporate accountant has
to work with his team and the need of leadership attribute seems to be very important
for timely and accurate deliverance to the stakeholders. The samples showed
requirement of following personal attributes to prove the candidature successful:
 Professional and academic knowledge;
 Expected level of experience;
 Analytical ability;
 Updated and thorough knowledge of statutory compliance enforced by different
legislative agencies;
 Perfect mix of interpersonal and communication skills;
 Flexibility to manage changed scenario of job requirement;
 Application of professional ethical standard;
 Ability for in-time deliverance;
 Ability of crisis management;
 Exploration of innovativeness.
Analytical discussion of personal attributes
The personal attributes listed above are to be critically analyzed with the scope of value
addition to the professional filed of corporate accounting along with subsequent
deliverance by the aspirant candidate. Micro-level discussion of each attributes would
be featured to understand the role of these attributes required by corporate entities, as
specified in the respective samples of online job portal advertisements: (Murphy, 2015)
(Michael, n.d)
1) Professional and academic knowledge- Normally this job demands professional
qualification of accounting accredited by global and domestic authorities. Before
that, the incumbent should have graduate degree from a renowned domestic or
global university in accounting science to ensure basic platform of this curriculum
with MPA or HI5020 accounting courses.
2) Expected level of experience- The need of corporate accounting jobs demands
experience at certain level to meet the requirement of the job. This level is
ascertained by the employers and the aspirant candidate must comply with that
level of experience.
3) Analytical ability- The job of corporate accountant deals with financial
information of different types. The financial information is collated to form
accounting reports of different types as per specification of MIS. Hence personal
attribute towards analytical ability is highly desirable for this post. (Ngo, n.d )
4) Updated and thorough knowledge of statutory compliance enforced by different
legislative agencies- the position of corporate accountant needs to have the
knowledge to comply with the requirements of different regulatory bodies in due
time. This compliance can be done with proper and thorough knowledge of
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existing regulations with changed standards implemented by the government and
other regulatory bodies to ensure smooth reporting of corporate entities.
(Government, 2019) (Legislation, 2018)
5) Perfect mix of communication and interpersonal skills- Skills of Interpersonal and
communication are required to understand both written vocal communication of
other stakeholders with subsequent reciprocation to mitigate the scope of lack of
understanding. (Proschool, n.d)
6) Flexibility to manage changed scenario of job requirement- This attribute is
necessary to meet the deadline of deliverance, as demanded by the job. To
ensure timely deliverance, flexibility in time or concept is to be exercised for best
possible mode of deliverance to meet the requirement of the job. (Tan & Fawzi,
2017)
7) Application of professional ethical standard- The required professional
qualification has clear demarcation of ethical standard for the incumbents of the
curriculum. This ethical standard is to be maintained to ensure prudence and
clarity in financial reports and other allied fields of deliverance to for the
stakeholders of the corporate entity. (TUOVILA, 2019)
8) Ability for in-time deliverance- The job demands deliverance of different reports
in-time to comply with different requirements as demanded by the authorities.
Personal attribute towards deliverance in-time is strictly required for smooth
functioning of accounts department of any corporate entity. (nuvest, 2017)
9) Ability of crisis management – During business process, any organization can
face crisis. It is the required personal attribute to resolve the crisis with the limit of
the corporate accountant to restore parity for the corporate entity employed the
accountant. (Half, 2018)
10) Exploration of innovativeness- It is inherent attribute of any person to exercise
his power of innovativeness by asking self-analytic questions of what, why and to
innovate through the question how. (Guide, n.d)
Academic and professional qualification for corporate accountant
The position of corporate accountant generally demands academic qualification of
graduation from any Australian or global university of repute. The curriculum of MPA
and HI5020 is also giving guidance to be capable of handling the responsibilities of
corporate accountant. The professional qualification required for this post as per the
advertisement samples are Chartered accountant or certified public accountant from
any global or domestic organization of standard. (CPAAustralia, 2019) (cpaAustralia,
n.d)
Key roles, responsibilities and tasks of corporate accountant
The key roles of corporate accountant are to ensure deliverables like financial
statements of any corporate entity including statement of consolidated income, cash
flow statement, balance sheet, and other financial statements like directors’
remuneration, statement of equity, necessary disclosures as per Corporation Act,
2001 and latest standards as per IASB, AASB and IFRS. (Davis, 2019)
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The tasks of corporate accountant are to ensure preparation of different financial
reports as per specific format with proper treatment fixed by different regulatory
bodies of accounting practice and preparation of MIS report for the higher
management to help those taking managerial decisions with the exercise of
budgeting and forecasting in different areas of operation corporate operation. (Half,
2018)
Responsibilities of corporate accountant as per the advertisement samples in online
job portals are to ensure proper submission of different financial reports as per
schedule; performance of management accountants role by providing different
accounting ratios with their implications and other MIS reports by analyzing the
financial information available as per financial data; statutory compliance as per
AASB and IASB standards, ensuring accuracy of financial data. (Lloyd, n.d)
The curriculum of MPA or HI5020 fixes the course material of corporate accounting
to identify the tasks, roles and respective responsibilities to ensure proper execution
of deliverables for any corporate employer by aspirant candidate. The course
material covers different accounting jobs including preparation of different accounting
reports like balance sheet, profit or loss, and cash flow statement; proper monitoring
of expense reimbursement process; payable and receivable account management;
bank transaction management including reconciliation with validation of financial
data, etc. for smooth accounting function of the employer. (Half, n.d)These courses
also endorse the need of knowledge about different accounting software including
cloud or static types. Min goal of this course is to make the followers aware of the
requirements of corporate accounting and make them conversant to deliver the
coveted results as per pre-fixed formats by regulatory bodies. (Institute, n.d)
MPA and HI5020 missing topics
The curriculum does not provide information about preparation of MIS for helping the
management. This job falls under the segment of management accounting. As the
requirements are flexible and varies from industry to industry, there is no provision of
any hard and fast requirement format for this purpose. (workable, n.d)
Analysis of required skills, attributes and experiences for corporate
accountant
Skills: (education, 2017)
 Awareness of respective business with Knowledge of commercial activities of
respective business;
 Required technological acumen and expertise;
 Interpersonal and communication skills;
 Orientation of customer service and leadership quality. (Australia, n.d)
Corporate accounting requires respective experience to ensure deliverance of reports
and statutory compliance of different legislative and regulatory authorities. (Lloyd, n.d)
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Personal attributes for the job corporate accountant are maintenance of professional
ethical standard; embrace the scope of constant learning, in-time deliverance and
respective technical wisdom of corporate accounting.
Conclusion
This article emphasized on the role of online job portals based on internet for jobs of
corporate accountants with sample collection from different online websites providing
the service of employment opportunities to the aspirant candidates. Total counts of such
samples considered are thirty two. Form this analysis, it is evident that Australian job
market refer to the post of corporate accountant has substantial potential. The
candidate with proper professional qualification and high level of personal attributes can
get good job of that cadre.
References:
adzuna, n.d. job opportunities in Australia. [Online] Available at:
https://www.adzuna.com.au/ [Accessed 19 September 2019].
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Australia, C., n.d. SKILLS LIST. [Online] Available at:
https://www.cpaaustralia.com.au/cpa-program/cpa-program-candidates/your-
experience/skills-list [Accessed 16 September 2019].
CPAAustralia, 2019. ETHICAL AND PROFESSIONAL CONSIDERATIONS. [Online]
Available at: https://www.cpaaustralia.com.au/professional-resources/public-practice/
financial-abuse-of-older-people/prevention/ethical-and-professional-considerations-
prevention [Accessed 13 May 2019].
cpaAustralia, n.d. Role of the Accountant. [Online] Available at:
https://www.cpaaustralia.com.au/public-practice/toolkit/financial-abuse-of-older-people/
awareness/the-accountants-role [Accessed 16 September 2019].
Davis, S.S., 2019. What Role Does an Accountant Play in Business Operations?
[Online] Available at: https://smallbusiness.chron.com/role-accountant-play-business-
operations-411.html [Accessed 16 September 2019].
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accountant? [Online] Available at:
https://www.foundationeducation.edu.au/articles/2017/07/what-required-become-
accountant [Accessed 16 September 2019].
Government, A., 2019. Australian Accounting Standard Board. [Online] Available at:
https://www.aasb.gov.au/ [Accessed 16 September 2019].
Guide, G.u., n.d. How to become a Accountant. [Online] Available at:
https://www.gooduniversitiesguide.com.au/careers-guide/browse/accountant [Accessed
16 September 2019 r].
Half, R., 2018. Accounting Skills You Need to Succeed On the Job. [Online] Available
at: https://www.roberthalf.com/blog/salaries-and-skills/the-accounting-job-skills-you-
need-to-succeed [Accessed 16 September 2019].
Half, R., n.d. Accountant job description guide. [Online] Available at:
https://www.roberthalf.com.au/our-services/finance-accounting/accountant-jobs
[Accessed 16 September 2019].
Hays, n.d. Job opportunties in Australia. [Online] Available at: https://www.hays.com.au/
[Accessed 19 September 219].
indeed, n.d. job opportunities in Australia. [Online] Available at: https://au.indeed.com/
[Accessed 19 September 19].
Institute, H., n.d. Master of Professional Accounting (MPA). [Online] Available at:
https://www.holmes.edu.au/pages/schools-and-faculties/higher-education/courses/
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Legislation, F.R.o., 2018. Corporation Act 2001. [Online] Available at:
https://www.legislation.gov.au/Details/C2018C00031 [Accessed 16 September 2019].
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Lloyd, R., n.d. JOB DESCRIPTION & ROLE INFORMATION. [Online] Available at:
https://www.richardlloyd.com.au/disciplines/mid-level/corporate-accountant [Accessed
16 September 2019].
Mallory, n.d. https://mallory.com.au/accounting-careers-job-types/. [Online] Available at:
https://mallory.com.au/accounting-careers-job-types/ [Accessed 16 September 2019].
Michael, E., n.d. What Are the Duties of a Corporate Accountant? [Online] Available at:
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September 2019].
Murphy, T., 2015. 10 Traits Every Great Accountant Has. [Online] Available at:
https://www.accountingweb.com/community-voice/blogs/torri-myler/10-traits-every-
great-accountant-has [Accessed 16 September 2019].
Ngo, a., n.d. Top 3 Skills Every Corporate Accountant Needs. [Online] Available at:
https://talentegg.ca/incubator/2016/09/13/top-3-skills-corporate-accountant/ [Accessed
16 Spetember 2019].
nuvest, 2017. WHAT CHARACTERISTICS MAKE A GOOD ACCOUNTANT? [Online]
Available at: https://nuvest.net/characteristics-make-good-accountant/ [Accessed 16
September 2019].
Proschool, n.d. BASIC ACCOUNTING SKILLS EVERY PROFESSIONAL
ACCOUNTANT MUST HAVE! [Online] Available at:
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19].
seek, n,d. How to become an Accountant. [Online] Available at:
https://www.seek.com.au/learning/careers/accountant/getting-into-this-career [Accessed
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Tan, L.M. & Fawzi, L., 2017. Employability Skills Required of Accountants.
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TUOVILA, A., 2019. Accountant Responsibility. [Online] Available at:
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September 2019].
workable, n.d. Corporate Accountant job description. [Online] Available at:
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Appendices:
ADV sample 1
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Adv samples 2
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Adv sample 3
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Adv sample 4
Adv sample 5
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Adv sample 6
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Adv sample 7
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Adv sample 8
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Adv sample 9
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Adv sample 10
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Adv sample 11
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Adv sample 12
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Adv sample 13
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Adv sample 14
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Adv sample 15
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Adv sample 16
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Adv sample 17
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Adv sample 18
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Adv sample 19
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Adv 20
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Adv sample 21
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Adv sample 22
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Adv sample 23
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Adv sample 24
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Adv sample 25
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Adv sample 26
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Adv sample 27
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Adv sample 28
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Adv sample 29
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Adv 30
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Adv samples 31
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Adv smple 32
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