Corporate Accounting Roles and Responsibilities Report

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Corporate Accounting
1

Abstract
The report provides details regarding the jobs of Corporate Accountant, Tax
Accountant, Accountant, Finance Controller and Management Accountant. It will reflect
about the selection criterion or the qualifications that are required for the respective
post. For the purpose of report 35 vacancies have been listed in the appendix. The
report also sheds light on the key roles and responsibilities that have been highlighted
by each company. Through this information, it will be easier to comprehend the
technicalities that are required in such domain.
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Table of Contents
Introduction..............................................................................................................................................4
Sources of Advertisement....................................................................................................................5
Brief of the Companies.........................................................................................................................6
Personal attributes required from a Corporate Accountant........................................................8
In-depth Segregation of the Attributes............................................................................................23
Academic and Professional Qualifications....................................................................................24
Roles and Responsibilities in the UNIT...........................................................................................24
Missing Topics, Attributes or Learning Outcomes......................................................................25
Relevant Skills and Attributes to become a Corporate Accountant........................................26
Conclusion.............................................................................................................................................27
References.............................................................................................................................................28
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Introduction
Accounting is a major part of financial activities. It incorporates various important
decisions that are taken by the accountants. The report presents the ways in which the
firm uses online portals to display their vacancies. It also mentions the skills they are
looking out for the candidate for a respective role. For getting the right candidate at the
right position, it is important that the firm provides the accurate Job Description. This
aids the candidates in navigating the job of their caliber.
4

Sources of Advertisement
As per the requirement of the assignment, 35 job advertisements have been taken into
consideration. These have been taken from online job portal like Indeed, Jora and Seek.
These websites are specifically designed to cater the needs of Job seekers. It acts as a
bridge between the companies trying to recruit and candidates who are looking for job
respectively.
5

Brief of the Companies
Provided below is the brief of the companies whose job have be listed for posts of
corporate accountant, tax accountant and so on. The companies belong to different
sectors respectively. The breakdown of the nature of the firm will help in understanding
the demand of the Job Description.
Companies Industry
Industry Capability Network Ltd Business Network Firm
Black Rhino Group
Development and Acqusitions of energy
and Infrastructure Projects
Instacare
Disability services & support organisation in
Scoresby, Australia
Sedgwick Australia Pty Ltd Providing Financial Services
Michael Page Accounting & Finance
worldwide leader in
specialist finance and accounting recruitme
nt
Rio Tinto
Anglo-Australian multinational and one of
the world's largest metals and mining
corporations.
Perigon Group Pty Limited
Employment agency in the City of Sydney,
Australia
BLACKROC
Investment and Risk Managing Firm in
Australia
Jean Hailes for Women's Health
National not-for-profit organisation
providing a range of
important health services
for women in Australia
United Petroleum Australian petrol retailer and importer.
Peter W Beck
Manufacturer of Traditional and
contemporary Designs of Wedding Rings
for Men and Women.
Studco Building Systems
Leaders in manufacturing innovative steel
stud wall systems for the wall and ceiling
industry.
Sharp & Carter Finance and
Accounting Recruitment agency in Australia
Maersk Shipping Industry
Sandvik Mining and Construction Firm of Australia
MGI Parkinson Financial Services Provider
6

Ascot Accounting Boutique accountancy firm
Axle Edge Accounting Group Pty Ltd
Income Tax Professionals &
Tax Accountants in Melbourne
Bentley Recruitment Recruitment agency in Australia
Dyldam Developments Real -Estate Business
West Recruitment Recruitment agency in Australia
Hays Accountancy & Finance Recruitment agency in Australia
Ozlinc Industries
Supplier of pipe, fittings, flanges, valves and
hosing to
the Australian marine, industrial and
resources sectors
Macias Consulting Pty Ltd Consultancy Firm in Australia
Robert Walters Consultancy Firm in Australia
Hemingway's Brewery Beer Company in Australia
Harrison Howard Chartered
Accountants
Leading independent firm of Chartered
Accountants based in Sydney offering
accounts, auditing, taxation and business
advisory services
SMR & Associates Pty Ltd Accountancy Firm in Australia
Mine Super
Superannuation products at
RateCity, Australia's leading comparison
site.
DFP Recruitment Recruitment agency in Australia
Doyle Executive Recruitment agency in Australia
Skytrans Airlines Pty Ltd Airline Industry
Radisson Hotel and Suites Sydney Hospitality Industry
Bunnings Warehouse Australian household hardware chain
Wollongong Golf Club Ltd Hospitality Industry
7

Personal attributes required from a Corporate Accountant
Accounting is not an easy profession. It is segregated into different departments and an
accountant should have complete knowledge about it. The field of accounting is divided
into several parts, like management accounting, financial accounting, tax accounting,
and corporate accounting and so on. The managers working in particular segments
should have respective knowledge for the specified area.
When an organization posts a job vacancy, they mention the requirements for the
respective position. There are certain qualities, personal and professional that should be
in a candidate. These are known as the Personal attributes. There are various things
like Educational Qualification, Job Experience, Additional Qualification, Soft Skills,
Decision Making skills, Team Building Skills and so on (Hillier, et.al, 2015). A company
is always looking for candidate who can easily adapt to new surrounding and can
perform well in any given condition.
For the role of Corporate Accountant, the minimum requirement from a Candidate is
that He/She should be having Post Graduate Degree from a reputed Institute from the
subjects related to Accounting (Bhasin, 2015). Firms prefer to hire candidates with the
degree of Chartered Accountancy (CA), Chartered Financial Accountant (CFA) and
Chartered Management Accountant (CMA) for the position of Managers and above.
Along with this, the most important attribute is the previous experience of the candidate.
The requirement of relevant experience depend on the vacancy and nature of job.
Provided below the requirements of the firms according to the Vacancies.
Companies Vacancies
Personal
Attributes
8

Industry Capability Network Ltd Financial Accountant
Should be
having knowledge
of Preparation and
lodgment of BAS
and FBT returns,
Advanced skills in
MYOB,
Preparation of
cash flow forecast
and P&L
Black Rhino Group Financial Accountant
Excellent
Accounting Tertiary
Qualifications,
Strong technical
knowledge of
Accounting
Standards and
principles, Should
be having advance
Skills in MS Excel.
Instacare Company Accountant
Should be having
experience of 3-4
years in non-profit
organization,
should have
knowledge of SAP.
Should have good
communication
skills and able to
work with a big
Team.
9

Sedgwick Australia Pty Ltd Financial Accountant
The candidate
should have hands
on knowledge of
working in
Advance Excel.
Candidate should
have done CA with
min of 2 years of
experience. Should
be proficient in
making Financial
Statements like
Profit & Loss A/c
and Balance
Sheet.
Michael Page Accounting &
Finance Financial Accountant
Certified Practicing
Accountants (CPA)
certificate or
equivalent, Should
be having
experience of Cost
Accounting for
special Projects,
must to have
understanding of
process involved in
Business and
internal controls.
10

Rio Tinto Financial Accountant
Should be having
min experience of
4-5 years, should
be having
knowledge of BAS
and FBT Returns.
Will be responsible
for Reconciliations
for all entries and
variance analysis.
Strong Analytical
and
Communications
Skills.
Perigon Group Pty Limited Financial Accountant
Should be having
experience of 5
years, should be
having strong skills
in operational
accounting
including billing,
balance sheet
reconciliations,
variance analysis
and management
reporting. Strong
knowledge in MS
Excel and other
related tools.
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BLACKROC Financial Accountant
Should be having
experience of 5-6
years, Possess a
strong
understanding and
working knowledge
of financial
accounting and
reporting under
IFRS and
Australian
Accounting
Standards, should
be a quick learner
and be able to
adapt in agile
environments.
Jean Hailes for Women's Health Senior Accountant
Minimum
experience of 8-10
years, should have
managed team of
10-15 members,
excellent
knowledge about
the accounting
standards, should
be familiar with all
the compliance,
should be having
good
communication
skills.
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