Corporate Accounting Job Market Analysis: A Report

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Corporate Accounting

Abstract

Introduction

1.
The total job advertisements which have been collected are 6 advertisements. Three sources has
been used to collect the advertisements of job which has been posted on electronic or job search
portals or print media in Australia. The sources which has been used for advertisement collection
are Jora, Seek, and indeed. All the job advertisement which has been searched is related to the
position of corporate accountant, assistant accountant, tax accountant, senior accountant,
corporate financial accountant, and assistant financial accountant. So from each of the three
source, two jobs per source has been collected.

2.
The organization that has posted the advertisement for job has been shown with the position that
they have posted is given below:
 Global Kinetics Melbourne VIC
 Tabcorp Melbourne VIC
 Mine Super
 Hays Accountancy & Finance
 Air Liquide
 G8 Education
Industry breakdown of the all the above organizations are as follows:
 Global Kinetics Melbourne VIC is a digital health company.
 Tabcorp Melbourne VIC is a gambling entertainment group.
 Mine super is a company which comes under the industry of financial services.
 Hays Accountancy & Finance is an organization which is associated with recruiting
experts over the whole world.
 Air Liquide is and chemical, engineering, and healthcare industry.
 G8 Education has been breakdown as an educational industry.

3.
The titles of the various jobs that has been collected through the advertisements which has been
shown on portals of job search, electronic media, and on print media are as follows:
 Assistant Accountant
 Assistant Financial Accountant- Corporate
 Corporate Accountant
 Corporate Financial Accountant
 Tax Accountant
 Senior Accountant

4.
The personal attributes that are required for the selection process of the applicants which has
been mentioned in the advertisement of jobs has been discussed as below:
 Assistant Accountant – The candidates who are thinking of applying for the job should
have the following attributes within them are advanced excel skills, experience using
Xero or similar accounting software, high attention to details, good communication skills,
team-oriented, sound technical accounting skills, and also should have the experience of
more than 2-3 years in some similar role, and who are trying to take their role in more
responsible way.
 Assistant Financial Accountant-Corporate – The candidate must have 1-2 years
experience, have the capability of accurate data and reporting entry, which will pay
attention towards details, strong analytical thing, and good excel skills with good
organizational skills, and the candidate should be able to meet deadline.
 Corporate Accountant – Candidate who are looking to apply for this job position should
have experience of three years in commercial environment as accountant, SAGE ERP are
the packages for accounting in which the candidate should have experience, Microsoft
word, excel & outlook advanced knowledge, strong analytical skills, good time
management, and display positive attitude and common sense.
 Corporate Financial Accountant – Motivated qualified accountancy has been required,
strong business acumen, ERP system recent working knowledge, good communication
abilities, impeccable interpersonal ability.
 Tax Accountant – The person should have experience in tax function in the company
which is ASX listed or the globally multinational company. Australian taxation system
extensive technical knowledge, able to imply tax effective accounting practices.
Relationship building skills, effective interpersonal, written communication and, verbal
skills. Experience of chartered has been desired. The candidates have the problem-
solving skills, and are able to work individually and collaboratively within the teams
which are small.
 Senior Accountant – The person should have the experience of more than 5 years in the
job of the similar type, intermediate MS Excel skills, Strong technical accounting skills,
process improvement has been necessarily focused, it will be very advantageous if the
person should have experience in ASX listed company, and also in early education sector
but both of these experience are not compulsory.

5.
Assistant Accountant – By having the quality to manage MS excel, by having its advance
knowledge the employee will be able to manage the data of the organization in the excel, and this
will help in saving the time of the employee in managing the organizations data because it
becomes very easy to manage the data by knowing the its functions. By knowing the working on
the Xero and other accounting software, the employee will save their time in recording the
entries manually by hand, and entries can be recorded by inserting the data into this accounting
software. Technical skills will help the manager in working on the systems which will ease the
accounting. By having the experience of 2-3 years in the similar job position, the employer will
have to focus less on giving training to the candidate. good communication skills, team-oriented,
sound technical accounting skills, and also should have the experience of more than 2-3 years in
some similar role, and who are trying to take their role in more responsible way.
Assistant Financial Accountant-Corporate – When the employee has the quality of doing
reporting and data entry properly, this will help them in doing their jobs with very less mistakes.
By having the knowledge of MS Excel employees can prepare financial statements in them.
Completing the task on deadline is very important requirement in the organizations.
Corporate Accountant – SAGE ERP is web-based software which helps the employees in
financial management. ERP is enterprise resource planning, which i8s very important for the
success of the modern business. This system is very flexible, and is used in the collection of data,
and in analyzing the data that has been collected within the organization. The use of Microsoft
word, excel & outlook helps in maintaining the data, showing the data in charts form which
make the data easy to understand. SAGE ERP are the packages for accounting in which the
candidate should have experience, Microsoft word, excel & outlook advanced knowledge, strong
analytical skills, good time management, and display positive attitude and common sense.
Corporate Financial Accountant – ERP system is very useful for the accountant of corporate
financials. It helps them in reviewing the data of the organization. And when the employee has
an experience in this system they will not require the training to understand this system which is
very important for the organization.
Tax Accountant – It has been required the skills of knowing the taxation system of the
particular country. This will help in assisting their clients and companies in their tax statements.
The problem solving ability has been required to solve their client’s problem in understanding
the tax system. . The candidates have the problem- solving skills, and are able to work
individually and collaboratively within the teams which are small.

Senior Accountant - By having experience of 5 years, they will be able to prepare the financial
statements in the Ms Excel. Technical accounting skills will help in preparing the reports and
statements with the help of technology.

6.
The academic and professional qualifications that have been required according to the posted job
advertisements for the corporate accountant are as follows:
 Assistant Accountant: The academic qualification that has been required under this job
title is Bachelor of Business/ Accounting or degree which is related to tertiary.
 Assistant Financial Accountant- Corporate: The qualification that has been required for
this job position is in Finance or Business, and the qualification of CA or CPA has also
been required.
 Corporate Accountant: Minimum accounting degree has been required, and also working
towards CPA accounting or equivalent to that.
 Corporate Financial Accountant: The candidate who is seeking for this position should be
CPA or CA.
 Tax Accountant: The degree of CA or CPA has been required for applying for this job.
 Senior Accountant: CA/ CPA degree has been required for applying the job.

7.
Key roles & responsibilities:
Assistant Accountant:
 Account receivables- Allocate payments accurately against customer accounts or open
invoices; appropriately raise invoices, with the relevant sales manager follow up overdue
payments.
 Account payables- Entry of the invoice of the supplier timely, expenditure claims of the
staff, combination of the task which has been related with other finance officer. Ensure
that the payment will be made on the due dates; the queries of the creditor which has
been of general nature should have to manage.
 End of the month- In the month end, with the help of general ledger of the company
prepare journals, calculations of the provisions and accruals on monthly basis, assist on
monthly and weekly basis in the preparation of financial reporting for the business. Assist
for the registers of inventory and fixed assets preparation.
 Business reporting- For the preparation of many reports which includes reporting of
metrics, assist the financial accountant of the organization.
 General- Assist in the preparation of reports and audit report to the finance team.
Assistant Financial Accountant- Corporate:
 In the Oracle cash management, reconcile the bank statement file daily.
 Assist for the preparation of reports which is related with timely and accurately delivery
to the internal and external stakeholder or customers.
 Preparation of the balance sheet, and p&l accounts which support the schedules for the
end of the year and for half year.
 Reporting process and monthly accounting completion has been required.
 For ensuring the integrity of associated process and general ledger internal control have
to maintain.
Corporate Accountant:
 Preparation of reports for executive department on monthly basis.
 Reports of corporate board preparation.
 For the corporate entities, general journals have to prepare on the recurring basis on every
month.
 General journals have to prepare for the corporate entities.
 Assisting in the maintenance and in the preparation of corporate budgets annually.
 Assistance has been required for the preparation of financial reports annually in the
organization for the corporate entities.
 Corporate bank reconciliations have to be renewed.

 Review of returns which are relate with statutory returns, transactions which are payable
on all accounts, monthly annual leave.
 Backup required for the function of account payable, statutory returns preparations.
 Internal control within the organization must be ensured that it will be maintained.
 Follow procedures and policies which have been updated for the maintenance of
operations of accounting.
 An additional procedure has to be undertaking which has been allocated by the corporate
accounting, and by the executive manager.
Corporate Financial Accountant:
 The primary objective will be the completing of the reconcilation procedures and balance
sheet on the month end. Reporting under the group.
 Exposure under the preparation of CFO, treasury management, annual audit, and investor
reporting.
Tax Accountant:
 Annual tax returns preparation.
 Statutory reporting requirements submission.
 Fixed assets register of tax maintenance.
 Tax reports have to prepare for both internal and external
 Documents of tax have to maintain and update.
 Advices related to value added tax have to give to the business.
 With the important external and internal stakeholders maintain strong working
relationship.
 Prepare questionnaire for annual insurance, and transfer documents of pricing.
 Improve the practice of taxation.
Senior Accountant
 Responsible for the accuracy of the register of fixed assets which has been prepared on
the basis of accounting standards.
 Ensure the accuracy of the capital expenditure classification.
 Reviewing of the expenditure accounts which are relevant.
 Provide business partnering reports with the analysis of high quality to the executive
team and senior management.
 Perform the reconciliations of balance sheet and review it across the various groups with
ensuring its accuracy.
 From the initial scoping of the projects to their successful implementation including their
documents.