HI5020: Corporate Accounting - Employer Qualifications Report

This report examines the qualifications and experiences that employers seek from corporate accountants, based on an analysis of job advertisements from online portals such as Indeed and Seek. The report covers various accounting roles, including senior financial accountant, tax accountant, and corporate financial accountant, and identifies key skills and attributes employers value. The methodology involves collecting and evaluating numerous job postings to assess the required qualifications, experience, and personal attributes. The analysis includes a breakdown of the organizations posting the advertisements, industry trends, and specific job titles. The report also delves into the personal attributes sought in corporate accountants, such as constant learning, creativity, organizational skills, initiative, commercial experience, collaboration, communication, flexibility, and integrity. Furthermore, the report details the required skills, including innovation, strong organizational skills, commercial awareness, integrity, commitment to professional development, and structured work habits. The report aims to provide a clear understanding of the expectations of the employers, aligning with the learning objectives and subject contents of the corporate accounting course. The report concludes by summarizing the key findings and highlighting the essential qualifications and experiences needed for success in the field.

Running head: QUALIFICATION AND EXPERIENCES THAT EMPLOYER SEEK
FROM CORPORATE ACCOUNTANTS
Qualifications and Experiences that Employer seek from Corporate Accountants
Name of the Student
Name of the University
Author Note

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Abstract:
The paper is developed to gain a clear understanding on the experience and qualifications
sought by the employer from corporate accountants. For this, a significant number of job
advertisements have been collected from the online job search portals such as Indeed and
Seek, which has been posted by the employers. Such posts is related to the job profile for the
position of senior financial accountant, tax accountant, corporate financial accountant and
senior accountants. The experiences and qualifications sought by the Australian employer are
evaluated with the outcome, learning objectives and subject contents.

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................3
Answer to Requirement 1.......................................................................................................3
Answer to Requirement 2.......................................................................................................3
Answer to Requirement 3.......................................................................................................5
Answer to Requirement 4.......................................................................................................6
Answer to Requirement 5.......................................................................................................7
Answer to Requirement 6.......................................................................................................9
Answer to Requirement 7.....................................................................................................10
Answer to Requirement 8.....................................................................................................11
Answer to Requirement 9.....................................................................................................12
Conclusion................................................................................................................................12
References................................................................................................................................13

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Introduction
The aim of this report making is to understand the experiences as well as the
qualifications required by the employers from Corporate Accountants. Earlier the employees
were not having the facility of online service for the employment purpose like searching jobs
online so, they used to visit different official places or offices that have an opening for job
and provide the job seekers a platform to come and take a chance to gain a job opportunity.
Although after the creation of online job portal, a person who is a job seeker can easily search
for the job he wants as suitable for him. There are many job portals either it might be private
or public or government that has been used in Australia for find a job opportunity Baum and
Kabst 2014). Seek and indeed are some example of online job searching portals in which
many jobs opening has been advertise that are publish by the Australian employers. Through
various job advertisement, an individual can search the job and get in to and can gain an
opportunity to work as per their requirement.
Online job portals make available various job opportunities in different streams as
well as requirements of several expertise and experiences to the concerned candidates who
are seeking for the job. They provides jobs such as financial accountant, Management
accountant, Senior Corporate Accountant, Tax accountant and many other job opportunities.
For the Corporate accounting job position employers demands a candidate who is
having a minimum bachelor degree in the stream of finance or accounting. While some
employers also demands for a certified Public Accountant (Gardiner et al 2018). Candidates
who wants to pursue his knowledge of tax through the tax accountant job position then he/she
must have the thorough knowledge of tax and their amendments and provisions.
The objective of making this report is to develop an understanding about the needs
and requirements of an employer for the job of corporate accountants. The assessment is

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
based on various job advertisement posted by different employers over job portals. For the
fulfillment of this purpose, the jobs related to corporate accounting, tax and corporate
financial accountant from the recent dates has taken in the discussion.
Discussion
Answer to Requirement 1
To evaluate and for proper assessment total thirty job advertisements have collected.
The job advertisement collected posted over different portals for different positions like tax
accountant, corporate finance accounting. The sources that has used for the collection of
various job advertisement are mainly Seek and Indeed. As from two sources, total 30-job
advertisement has collected in which the jobs related to the position of corporate accountants,
fifteen advertisement of job collected from job search portal Indeed and rest other fifteen job
advertisements was collected from other online job search portal that is Seek. Amongst these,
two-job search portals advertise the job opportunity for the job position of tax and senior tax
accountant, senior financial accountant and corporate finance accountant has provided.
Answer to Requirement 2
The list of the organizations posting the job advertisements and also shown the
industry breakdown of the organizations posting the job advertisements are as follows:
1) Moore Stephens (WA) Pty Ltd- Accounting and Advisory Firm
2) Air Liquide- Industrial Manufacturing
3) Infocus money management— Wealth Management Industry
4) Hays Accountancy and Finance— Accounting and Finance
5) Scott Associates Pty Limited— Motor Trade and other industries
6) Link Group- Consulting and Business Services
7) Sentinel Property Group— Property Investment industry

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
8) National plant and equipment Pty Limited— Equipment industry
9) ME Bank- Banking and Financial Services
10) Allianz Australia Insurance limited— Insurance industry
11) Delaware North companies — Hospitality and food services
12) National Group— Mining, resource, logistics and personnel suppliers industry
13) Cartlon United Breweries— Brewing Industry
14) Central Queensland University- Education and Schools
15) Slater and Gordon — Consulting and business services
16) Fortescue Metal Group Limited— Metals and Mining
17) Zurich Insurance Group- Insurance
18) Maersk Line- Transport and Freight
19) Redpath Partners Pty Ltd. — Recruitment Industry
20) Michael page accounting and finance— Accounting and finance industry
21) Oracle- Internet and Software
22) Crawford and company — Insurance industry
23) Megaport-Brisbane QLD- Telecommunications
24) Accenture—Communications, media and technology
25) Grant Thornton, Australia— Consulting and business services
26) Lawson Elliott— Accounting and finance recruitment
27) Corporate services— Finance and banking
28) WSP-Sydney NSW- Consulting and Business Services
29) Broad construction— Construction Industry
30) Australian accounting and franchising professionals—Finance and accounting

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Answer to Requirement 3
As several companies has posted job advertisements. Here are the list of some
advertisements with a specific job titles.
Name or Title of the Job Name of the Company
Senior Financial Accountant/ Senior
Accountants
 The Information Management Group
Pty Ltd.
 National Plant and Equipment Pty
Ltd.
 Sharp and Carter
 Fortescue Metal Group Ltd.
 Grant Thornton, Australia
Financial Accountants  Hays Accounting and Finance
 Macias Consulting Pty Ltd.
 Redpath Partners Pty Ltd
 Sentinel Property Group
Senior Accountant- Corporate and Tax
Reporting
 Accenture: Communication media
and Technology (SEEK 2019).
 Charterhouse
 Delaware North Companies
 Broad Construction: Construction
Industry
 TabCorp Holdings
Tax Accountants  Watson and Hegarty
 Allianz Australia Insurance Ltd.
 Larosa and Hardman Chartered

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Accountants
 Scott Associates Pty Ltd.
 Macias Consulting Pty Ltd.
(Au.indeed.com 2019)
Answer to Requirement 4
The answer deals with the personal attributes required from a corporate accountant
that have mentioned in the job advertisements that have been collected. The employer expects
that the corporate accountant must have the organizational skills in order to increase the level
of accuracy in their work. The candidate who applied for the post of senior financial
accountants must be able to help and give a thorough support with their knowledge to the
senior management accountants as well as financial controller with a widespread range of
accounting functions. For a high performance business, a proper assistance is needed
(Holtbrügge, Baron and Friedmann 2015). Therefore such businesses hires for Talent
accountant. A high combination of profitmaking and technical ability is necessary so that
they must be capable of using their vibrant experience and fluent financial accounting. Then,
they would be able to lead a technical team. Some of the important personal attributes in a
corporate accountant are as follows:
i. Constant Learner: Corporate accountants must be able to learn constantly. This
learning will help them in developing skills and increasing their efficiency.
ii. Creative: A competent accountant is one who is able to find a better solution in any
difficulty or create opportunity. This state of mind must help them in dealing with the
various problems.
iii. Organizational Skills: This skill help the accountant in shaping their efficiency.

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
iv. Initiative: This important aspect provides the proof that the accountant is eager and
able to learn by himself or herself.
v. Commercial Experiences: This reflects the needs of Commercial awareness that
must be in any corporate accountants. These experiences shows about the awareness
in respect to the economy and the effects of social, political and economic changes on
law concern accounting.
vi. Collaborative: The appearance of a corporate accountant in an organization is
something what that is valued by the other members. Nevertheless, this is an
inaccurate response by others as accountant are there to support other members and
assessed a teamwork.
vii. Communication Skill: It is one of the important skill that needed in every person
(Ahadiat and Martin 2015). Accountants can be more collaborated with the other
members and departments and communicate with each in an effective manner.
viii. Flexibility: this will help an accountant to face and deal with every issues.
ix. Integrity: this is the basic and fundamental quality of corporate accountant as this
attribute brings honesty, sincerity and a straightforward view in them.
Answer to Requirement 5
The personal attributes required from a corporate accountant in the job advertisements
that have collected; detailed understanding of each of the attributes has given below:
 Innovative: one of the obligatory concern for any business is accountancy. As it deals
with several figures and have knowledge to apply with having a strong control over
the numbers. In the developing business, innovation is necessary its existence with
accounting seems highly equitable. The employer have always search for those
accountants who have the ability to take the business to a high level and a positive
impact on the profession of accounting. The quality of being innovative helps an

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CORPORATE ACCOUNTANTS
accountant for do his/her work in a most effective manner and some exceptional
approaches that is more than written in books.
 Strong Organizational Skills: For any organization, an accountant is needed to have
a strong organizational skill as they have the ability to keep updated with all the
required numbers, data and all the paper based work. Work of an accountant leads to
high productivity of an organization (Siriwardane, Kin Hoi Hu and Low 2014). A
well-ordered accountant has the ability to make certain that the given information is
enough to assess them in an effective way by deciding the time in which the tasks
have to do first and in order.
 Commercial Awareness: it is one of the important fact that the accountant must have
the awareness about the current scenario. Whether it is about the amendments of laws
or the condition of an economy about to change (Bagust 2014). The flexibility and
change is need to the accountants for being essential for an organization.
 Integrity and Ethical: To be an effective corporate accountant it must need to have a
quality like integrity and a positive ethical sense such as honesty. A strong integrity
quality of a corporate accountant results in maintaining all the confidential data and
information up to themselves rather than to share with the third party (Othman and
Rahman 2014). The corporate accountant also have the concerned to their parties so
that do not ignore any important rule or law for the proper working of accounting and
the business operations.
 Commitment to Professional Development: this quality in accountant helps them to
serve their respective organization through their chosen streamed qualification the
organization and enhancement in the skills and this leads to achieving in professional
development. It is necessary that the accountants always be committed in improving
their required skills.

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
 Structured and Organized: An accountant must have the ability to work in a highly
structured environment of an organization. The corporate accountant have to go with
certain rules and based laws repeatedly (Rikhardsson 2017). Therefore, they need to
manage the time in an effective manner so that the important work will complete on
the given time. Thus, they need to be more organized and have an ease in their work.
Answer to Requirement 6
The academic and professional qualifications of a corporate accountant that have
listed in the advertisements collected are discuss below:
As the minimum academic requirement of corporate accountant is necessary so that
they can acquire some high technical accounting skills and knowledge. This includes their
bachelor’s degree with them, basic of accounts and a certificate from an official that is
certified. Corporate Accountants must have the basic knowledge of the subject accounts,
accounting principles and skills in accounting. Along with these, a corporate accountant must
have the ability of profit making, innovation, commercial awareness and change in rules or
laws, honesty, integrity.
Above, one point is mention that the bachelors needed the certificate from the
certified officials. This reflects to that professional education from the Association of
Chartered Certified Accountants, Chartered Institute of Management Accountants and some
other professional qualifications. With the help of this, the accountants are certified while
also groomed by these effective institutions. A certified degree from other like ATT
qualification, AAT qualification and CFAB qualification also involved in the professional
qualifications. Addition to this, a proper knowledge and understanding regarding some
software related to accounting like SAP, XERO and MYOB is also preferable as qualification

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
(Lee, Kerler and Ivancevich 2018). Apart from all this, the accountant is highly preferred
when they have 4 years of experience.
For the position of senior financial accountant, those who is working as a corporate
accountant they must have the qualification of Chartered Accountant along with having
minimum 3 years of post-qualified experience and must have started his/her career in one of
the Big Four accounting firm (Gribble, Rahimi and Blackmore 2017). They must have good
communication skill and a strong command in the technical assistance.
Answer to Requirement 7
The key roles, tasks, responsibilities identified from collected job advertisements,
related to the topics in MPA unit HI5020 Corporate Accounting. The subject has concerned
with the practical techniques and the theoretical framework of accounting (Beattie 2014). In
MPA unit HI5020 Corporate Accounting, many topics have covered within unit of capital
restructuring, Profit Distribution, company formation, budgeting, consolidated accounts with
proper regulations and standard related with accounting. Under the different subjects studied
in this particular unit, the topics include learning about accounting for liabilities, assets,
statement of cash flow, share capital and reserves, accounting for group structures,
accounting for intra group transactions, accounting for income tax and accounting for non-
controlling interest transactions. These units help the corporate accountant to apply in a
practical environment and work in a responsible manner.
Advertisements by the employer seeking senior financial accountants requires them to
actively participate in the preparation of annual audit, review and reconciliation of balance
sheets and contributing to the process of budgeting when required. In the topic, the
accountings subject covered areas such as accounting for tax, budget formation and
processing and the role of senior financial accountants are very much similar to what has

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
been studied in the unit. The topic of accounting for income tax provided individual with the
knowledge on how different tax functions can be performed. From the analysis of various job
advertisements posted for different positions, it can be inferred that the roles, responsibilities
and tasks of the accountants are very much related to the topics that have been studied under
the unit.
The job posting regarding tax accountant required the accountants to provide assistance in
terms of finance and tax compliance, supporting the functions of tax advisory, ensuring that
the organizations accurately and timely complies with the regulatory authorities and
provision of advice and information to the external and internal stakeholders. He or she is
responsible for providing assistance in completing tax related compliance such as payroll tax,
stamp duty, custom tax, FBT and GST.
The quality or attribute of a corporate accountant to maintain accuracy in their work
results in effective use and implication of the required data and skills so that can help the
operation of an organization and the owners of an organization for an effective outcome. The
forecasting method use by an accountant helps in analyzing different trends value in
comparison to the past records (Knöll, Setzer and Laubis 2018).
The association between the MPA unit HI 5020 Corporate Accounting and the
responsibilities and roles of a corporate accountant hold a concept of some basic needs and
responsible attributes such as assisting senior accountants, maintaining integrity in their
work, self-motivated and having experience in some accounting software’s such as SAP.
However, the accounting unit did not provide lesson on the practical usage of the software’s
but provided a detailed theoretical knowledge that can be applied practically. Such
knowledge would help in the implementation of the accounting functions properly and from
the analysis of the several collected job advertisements, it can be inferred that the

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CORPORATE ACCOUNTANTS
responsibilities and roles outlined in the advertisements are considerably related to the topics
that have been studied.
Answer to Requirement 8
The MPA unit HI 5020 has discussed several accounting work and responsibilities of
accountants like preparation of accounts such as consolidated financial statements,
accounting for assets, accounting for liabilities, statement of cash flow, statement of
comprehensive income statement, accounting for profit distribution, capital restructuring,
accounting for group structure, accounting for non-controlling interest and accounting for
intra group transactions. All the technical knowledge learned in the units are related to the
requirement of corporate accountants and has been advertised by the employer. However,
additional topics, attributes that should be possessed by accountants are missing from MPA
unit HI5020 Corporate Accounting that are listed on the job advertisement. Therefore,
personal quality or the personal attributes needed in the corporate accountants are missing in
the units, as it has not been discussed. Other missing topic is that the need of a technical
expertise that having a depth knowledge and understanding about technology so that can
improve the condition of financial system (Spraakman et al 2015). These topics are need to
be included and explain in additional to MPA unit HI 5020.
Answer to Requirement 9
The topics studied in the unit HI 5020 included preparation of statement of
comprehensive income, accounting for liabilities, accounting for assets, accounting for intra
group transactions, accounting for income tax, group structures and accounting for non-
controlling interests. Knowledge gained by learning the unit would help corporate
accountants in becoming responsible for assisting the accountants of the company in
preparing different accounts and supporting different finance functions. They would be able
to inculcate a habit of assisting seniors in preparing the financials during the statutory and

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CORPORATE ACCOUNTANTS
group audit. For the accounting of tax topic learned in the unit made corporate accountants
responsible in actively working with internal stakeholder and external advisor and liaising
with operational and financial staffs regarding analysis and collection of data (Othman and
Rahman 2014).
The Corporate Accountants must have some specific attributes in them so that they
can contribute to the workings of the company in its accounting information. It is required by
the corporate accountants to be very responsible in actively involved in the preparation of
different accounts of the company and assist them in annual and quarterly reporting of
taxation. They should also be involved in the implementation and identification of the process
of improvements in accounting functions. The MPA unit HI 5020 provides with different
sections that would assist the person in increasing their skills of learning and effectively
tackling with the requirements related to the business accounting (Aburous 2016). In the
given unit, different topics have been studied such as taxation; transactions of non-controlling
entity and all of these assist them in sharpening their skills and attributes that is needed from
corporate accountants. Therefore, it is inferred that the knowledge gained from the unit HI
5020 would help accountants in enhancing their expertise and gaining skills.
Conclusion
The above report helps to understand the experiences as well as the qualifications
needed by the employers from Corporate Accountants. For the proper assessment, total 30-
job advertisement has mentioned under the report that shows the requirement from the
employers for a corporate accountant. Further, it shows the knowledge and understanding of
the personal attributes and skills required in the corporate accountants and the professional
academic qualification needed.

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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
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For corporate accountant above all necessary details, certificates, knowledge, skills
and sometimes for a senior position proper experience has needed for the job. The candidate
should have the thorough knowledge and understanding about the position they applies.
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