HI5020 Corporate Accounting Assignment: Employer Qualifications

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This report examines the qualifications and experiences that employers seek from corporate accountants, based on a collection of job advertisements from online job portals like Seek and Indeed. The assignment fulfills the requirements of HI5020 Corporate Accounting at Holmes Institute. The report analyzes thirty job advertisements for positions such as tax accountant, corporate financial accountant, and senior financial accountant, identifying the organizations posting these roles and their respective industries. It details the job titles and the personal attributes employers desire in candidates, including creativity, organizational skills, commercial awareness, integrity, and commitment to professional development. The report outlines the academic and professional qualifications required, such as bachelor's degrees in finance or accounting, CPA credentials, and specific knowledge of tax laws. It further explores the technical skills and experiences sought, such as proficiency in accounting software, financial reporting, and budgeting. The discussion also covers the importance of soft skills like communication, teamwork, and problem-solving. The report concludes with a comprehensive overview of the most sought-after qualifications and experiences for corporate accountants, providing valuable insights for aspiring professionals in the field. The report is designed to help students understand the requirements of the employer or recruiters from corporate accountants. This has been assessed by collecting a significant number of job advertisements posted by the employers in the online job search portals.
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Running head: QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Qualifications and experiences that employers seek from Corporate Accountants
Name of the Student:
Name of the University:
Author’s Note:
Course ID:
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Table of Contents
Introduction:....................................................................................................................................3
Discussion:.......................................................................................................................................3
Answer to requirement 1:................................................................................................................3
Answer to requirement 2:................................................................................................................3
Answer to requirement 3:................................................................................................................3
Answer to requirement 4:................................................................................................................3
Answer to requirement 5:................................................................................................................3
Answer to requirement 6:................................................................................................................3
Answer to requirement 7:................................................................................................................3
Answer to requirement 8:................................................................................................................3
Conclusion:......................................................................................................................................3
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Introduction:
The paper is prepared to gain an understanding of what experiences and qualification
employers seek from corporate accountants. For gaining job opportunities, employees used to
visit individually offices that provide them platform for exploring their career before there was
any facility of online jobs search. An individual person seeking jobs can search for his perfect
and suitable jobs using the facility of online job portal after the implementation of online job
portal system. Several job portals are used in Australia for gaining job opportunities and some of
them are core private and some are publicly or government sponsored. Some of the online job
search portals are Jora, seek and Indeed which are published by employers in Australia. As per
the requirement of qualified job seekers, a significant number of job are posted on this job search
portals that helps in creating job opportunities.
Various job opportunities related to accounting on these job search portals are available
such as position of corporate accountant, senior accountant, corporate and management
accountant, corporate financial accountant, tax accountant, corporate financial and management
accountant, senior accountant in tax and corporate reporting, senior financial accountant and
some other similar positions. Online job portals such as Indeed, seek and Jora provides
candidates with an opportunity to search jobs from an array of categories and they can opt for
them in accordance with their expertise and experience. Such platforms also helps in connecting
the recruiters with the required and needed candidates and they proved beneficial.
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
For most of the corporate accounting occupation, most of the employers requires at least
a bachelor’s degree in finance or accounting to get qualified for the positions of different
corporate accounting. In some cases, they might also seek some certified public accountant
credential. Candidate’s interest in tax accountants’ position should have knowledge of tax with a
minimum bachelor’s degree in accounting and in depth knowledge of taxes and its structures.
Similarly, candidates interested in the position of accounting corporate finance should have a
bachelor’s degree in finance or accounting and should have professional qualification with
knowledge of accounting and finance.
The objective of this assignment is to develop an understanding of the requirements of
the employer or recruiters from corporate accountants. This has been assessed by collecting
significant number of job advertisements posted by the employers in the online job search
portals. For this purpose, all the jobs in the corporate accounting for the position of corporate
accountant, tax accountant, corporate financial accountant and accounting corporate finance that
have been posted from 22nd July, 2019 have been incorporated in the discussion (Ahadiat and
Martin 2015). Many commerce graduates and post graduates seeks such jobs published in the
online job search portals in the particular field along with some specialization.
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Discussion:
Answer to requirement 1:
The source used for collecting the job advertisement is seek and Indeed and the job
advertisement for the position of tax accountant, corporate financial accountant, corporate
accountant and accounting corporate finance. For the evaluation of job advertisements, thirty job
advertisements have been collected using two sources that is Indeed and seek and all the jobs
related to corporate accountants’ position. Therefore, in total thirty job concerning corporate
accountant’s position are collected. Fifteen job advertisements have been chosen from online job
search portal named Indeed and other portal named Seek has been used for collecting another
fifteen job advertisements. These job advertisements relates to the position of tax accountant,
corporate financial accountant, senior tax accountant, senior financial accountant and accountant
corporate finance.
Answer to requirement 2:
In this requirement, all the organizations posting the job advertisements have been
demonstrated. In addition to this, the industry breakdown of the selected organizations posting
advertisements is also depicted (Au.indeed.com 2019).
Larosa and Hardman Chartered accountants-Accountants and advisers industry
Watson and Hegarty Accountants and advisers industry
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Hays accountancy and finance Accounting and finance
Allianz Australia Insurance limited— Insurance industry
Scott Associates Pty limited— Motor trade and other industries
Infocus money management— Wealth management industry
Cartlon United Breweries— Brewing industry
Macias Consulting Pty limited— Consulting and business services
Fortescue metal group limited— Metals and mining
Sentinel Property Group— Property Investment industry
Redpath Partners Pty limited— Recruitment industry
National plant and equipment Pty Limited— Equipment industry
Michael page accounting and finance— Accounting and finance industry
Sharp and Carter— Recruitment industry
The information management group Pty Limited— Information management industry
Crawford and company — Insurance industry
Delaware North companies — Hospitality and food services
Corporate services— Finance and banking
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
National Group— Mining, resource, logistics and personnel suppliers industry
Broad construction— Construction Industry
Slater and Gordon — Consulting and business services
Australian accounting and franchising professionals—Finance and accounting
Accenture—Communications, media and technology
Lawson Elliott— Accounting and finance recruitment
TabCorp Holdings— Consumer goods and services
Grant Thornton, Australia— Consulting and business services
Charterhouse— Human resources and staffing
Answer to requirement 3:
Many companies have posted the job advertisements for the position of corporate
accountants, senior financial accountant and tax accountants on the job portals. The job titles
mentioned in the advertisement by different companies are depicted in the table below:
Name of job Name of the company
Tax accountants 1. Watson and Hegarty
2. Larosa and Hardman Chartered
accountants
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
3. Allianz Australia Insurance limited
4. Infocus money management
5. Scott Associates Pty limited
6. Macias Consulting Pty limited
Senior Accountant : Tax and corporate
reporting 1. Charterhouse
2. Accenture—Communications, media
and technology
3. Delaware North companies
4. Broad construction— Construction
Industry
5. TabCorp Holdings
Financial accountants 1. Hays accounting and finance
2. Macias Consulting Pty limited
3. Redpath Partners Pty limited
4. Sentinel Property Group
(Au.indeed.com 2019)
Senior financial accountants/ Senior
accountants
1. Sharp and Carter
2. The information management group
Pty limited
3. National plant and equipment Pty
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Limited
4. Fortescue metal group limited
5. Grant Thornton, Australia
Answer to requirement 4:
This question requires identifying and listing all the personal attributes of the corporate
accountants that have been collected in the job advertisements. It is expected by the employer
that corporate accountants should have great organizational skills that helps in boosting high
degree of precision. Senior financial accountants hired would be required to assist the senior
management accountants and financial controller with a range of accounting functions. Talent
accountant is required for joining the team to assist high performing business. Strong mix of
commercial and technical acumen and they should be able to use dynamic commercial
experience and strong financial accounting so that they can lead technical team (Durocher et al.
2016). The list of personal attributes of corporate accountants are listed below:
Creativity- Competent accountants should be able to develop a better solution if there
exist some opportunities. This attribute would strengthen the accountants in dealing with
particular problems.
Constant learning- Corporate accountants should be able to learn continuously as it helps
in the development of their skills and efficiencies.
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Organizational skills- The attributes of strong organizational skills is needed in an
accountant as it helps in determining their efficiency.
Initiative- Initiative is necessary have proof that accountants are able to lean on their
own.
Commercial awareness- The need for commercial awareness is a significant attribute,
which must be possessed by any corporate accountants. It is the awareness about the economy
and how social, political and economic movements affects the laws pertaining accounts (Hasan
et al. 2016).
Collaboration- The image of a corporate accountant sitting in a cubicle is something that
is cherished by people. However, this image is completely inaccurate. Accountants in fact
provide support to others and they work in a team (Webb and Chaffer 2016).
Communication skills- It is of utmost important for the accountants to collaborate and
communicate with their colleagues from different departments.
Resilience- Resilience is the attribute that would help accountants in keeping up with the
challenges faced by them.
Integrity- The fundamental element of accounting profession is integrity as this attribute
of the accountants make them honest, forthright and candid.
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
Answer to requirement 5:
Innovativeness- One of the indispensable tools for the business is accountancy and
without the solid application and tight control on numbers, it is not possible for making
any project off the ground. With evolving business, innovation is required and this
requires going with the accounting. Recruiters when opting to hire any accountants, they
look and prefers the candidates with poised who will be able to create some future impact
on the accounting profession. Innovative skills would make the accountants competent
that helps in the implementation of effective and unconventional approaches and use the
approach that would have something more than the textbook (Gerstein and Friedman
2016).
Strong organizational skills- Strong organizational skills is the characteristics of best
accountants as they are required to keep up with all the figures, data and paperwork.
Work should be organized by the accountants in a manner that would help in maximizing
the overall productivity of the organization. Well-organized accountants are able to
ensure that they are efficient in accessing the required information and using the time for
the most important tasks that requires attention (McMurray et al. 2016).
Commercial awareness- It is essential for the accountants to be well acquainted with the
latest amendments in the laws as the nuances of law and state of economy is subjected to
change. One of the primary reasons, which makes the expertise of accountants essential,
in the first place is that it is constantly in flux.
Integrity and strong ethics-One of the most important imperative to be good corporate
accountants is a strong sense of integrity and honesty. A corporate accountant who lives a
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QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM CORPORATE
ACCOUNTANTS
life with strong integrity make sure that all the confidential information of the
organization for which he is working is kept private (Thomas 2018). He will ensure that
his clients follow all the required and relevant laws concerning the operations of business
and accounting properly.
Commitment to professional development- Commitment to consistent professional
development is another important trait of accountants because it would cause them to
serve the organization by obtaining further qualifications, broadening their skills within
the industry and achieve professional development (Rodell et al. 2016). It is considered
crucial for the accountants to remain committed in improving their skills continuously.
Structure and organized- One important attribute that is required to have in any
accountant is that he should be able to work in a highly structured environment. The work
of corporate accountants would involve strict rules and regulations and at times, it can be
repetitive. Therefore, to keep up with the complex project and deadlines, solid time
management skills is also needed by accountants. He or she should be able to prioritize
and organized all the works so that it can be performed seamlessly (Ojo and DiGabriele
2017).
Answer to requirement 6:
In this question, all the academic and professional qualifications of the corporate
accountants has been outlined and they are as follows:
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