HI5020 Corporate Accounting Assignment: Accountant Job Requirements

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Homework Assignment
AI Summary
This assignment, part of the HI5020 Corporate Accounting course, analyzes job advertisements from Australian job portals like Seek, Jora, and Indeed, focusing on roles such as management accountant and senior financial accountant. The study explores the roles and responsibilities of these portals in providing job seekers with vacancy information and required skills. The assignment addresses the fluctuating job market, emphasizing the importance of job sites in connecting candidates with opportunities. It examines specific job advertisements from companies like BNP Paribas and Accor Australia, detailing roles, responsibilities, and salary packages. Furthermore, the assignment delves into the ethical values and regulations influencing corporate accounting roles, as well as the essential skills and traits for corporate accountants, including organizational skills, time management, and client focus. The discussion includes a list of various job profiles and emphasizes the significance of leadership qualities and communication skills for corporate executives. The assignment highlights the importance of accounting skills, knowledge, and communication skills in financial reporting and tax-related tasks. The conclusion summarizes the key findings and the overall importance of the assignment's objectives.
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Running head: CORPORATE ACCOUNTING
Corporate accounting
Name of the student
Name of the university
Authors note
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CORPORATE ACCOUNTING
Executive summary
The study topic discusses about the job advertisements playing an effective role in order to
seek the best candidate for the post for which a good amount of candidates are required. On
the other hand the key roles and responsibilities are also discussed so that they are perfectly
related to the job advertisement and the candidate’s key skills to support the same. The study
is also supported by a suitable conclusion at the end of the overall discussion.
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Table of Contents
Introduction....................................................................................................................3
Discussion......................................................................................................................3
Answer to question no 1.............................................................................................3
Answer to question no 2.............................................................................................3
Answer to question no 3.............................................................................................4
Answer to the question no 4.......................................................................................7
Answer to question no 5.............................................................................................8
Answer to question no 6.............................................................................................9
Answer to question no 7...........................................................................................12
Answer to question no 8...........................................................................................13
Answer to question no 9...........................................................................................14
Conclusion....................................................................................................................15
References....................................................................................................................17
Appendix......................................................................................................................20
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CORPORATE ACCOUNTING
Introduction
This study assignment discusses about the collection of job advertisements from job
portals of Australia. Since many years the Australian job portals are working towards
providing the best job updates to the community of Australia. Such portals are seek, jora and
indeed. These portals are providing quality and trusted job advertisements of top companies
of Australia backed by different designations and handsome salary. This topic covers the
roles and responsibility of these job portals in providing the aspiring candidates quality
information of vacancies as well as the personal attributes required for this jobs. This study is
related to post offerings like management account, senior financial accountant, tax accountant
and many more.
Discussion
Answer to question no 1
In the recent trends of competition, the job market has become very much fluctuate.
Due to increase in number of aspirants, the job market have become much fragmented.
Therefore the truly deserving candidates are not getting the right opportunity to get jobs. In
order to cope with these situations the community is highly dependable towards these job
advertising websites or portals who relentlessly work towards providing right job to right
candidates. In this case three job sites are chosen namely “seek”, “jora” and “indeed” and 10
job advertisements have been collected related to accountant posts. Therefore total number of
30 job advertisements have been collected.
Answer to question no 2
The job sites continuously looks to provide the best job opportunities to the aspiring
candidates. Therefore the candidates can apply for those job only in which they think they are
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CORPORATE ACCOUNTING
fit. On the other hand these companies always look for best and appropriate candidates for
their posted jobs. BNP Paribas is one such company who have provided advertisement for the
requirement of senior tax accountant in Sydney, Australia. This is indeed a big company and
have a lot of growth opportunity in the future. The salary package of this company is very
much high as well as exciting with additional benefits for the aspiring candidates. Accor
Australia is one such organisation which offers the candidates a job of assistant financial
accountant in Brisbane, Queensland. The role they are offering is strategic leadership in the
financial management and procurement as well as training the employees towards an
effective business improvement. This is certainly a challenge for the aspiring candidates and
have a lot of areas to excel the knowledge’s of accounting and finance. The tax manager also
plays an important role towards meeting effective investment criteria of people and align in
making strategic business decisions. Similarly the Parramatta city council is another
organisation offering the job role of senior financial systems accountant. This role ensures
sound management operation in the field of accounting and finance. This job role is also very
much challenging and look to offer exciting amount of salary to the potential candidates (Ali
et al.2018) .Another big company which offers similar job advertisements to the candidates.
On the other hand another such company is village roadshow limited who is also offering a
similar kind of post in the sector of accounting and finances as a whole. This area have a lot
of potential and growth promise than the other sectors. Furthermore this sector will help to
improve key management accounting and financial skills to the prospective employees
together. Thus the job sectors of Australia provides a lot of opportunities to the aspiring
candidates (Siriwardane and Durden 2014.).
Answer to question no 3
The company financial manager looks to understand the effective rules and
regulations of the country. Thus most of the job roles provided by the company undergoes
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CORPORATE ACCOUNTING
strong ethical values and relationship with the clients overall. For example the job roles
provided by BNP Paribas in the field of senior tax accountant and consultant are highly
associated to the effective company rules and regulations. The company furthermore have
also undergone the payroll system which is considered as a part of the management
consultancy group. The basic responsibility of the tax manager is to meet the requirements
related to the company management as well as to generate the effective output to the
business. The position of senior accountant manager provides much more growth and salary
to the employees than the other job sectors. These peoples are associated with the effective
business growth. This is therefore another important area where the management looks to
ensure and increase profitability to the business. Therefore in general the tax associates
provides a chance to increase the overall business standard and improve corporate ethics. In
this way the job advertisements looks to provide an effective business benefit to the
organisation. Hence keeping in mind all the requirements it can be said that these job
advertisements will be very helpful in mitigating all the job needs of the potential candidates
and therefore it is an effective business technique which eyes on the betterment of the
organisation. On the other hand the tax accountant is a position where a lot of recruitment
goes on every year. For example the Parramatta city council offering the job role of senior
financial analyst is also an exciting offer for the candidates as well as future there is a chance
of growth also. Apart from these are certain other job roles which are being offered by
respective companies (Williams 2014.). These are as follows –
Therefore the list of the job profiles or job roles available in this case are –
Accounts receivable officer
Financial administrator.
Corporate financial manager.
Assistant accountant.
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Finance officer.
Finance manager.
Administrative officer.
Financial accountant.
Senior book keeper.
Senior financial system analyst.
Loan support officer.
Junior financial officer.
Business analyst partner.
Management accountant.
Accounts lead.
Assistant Finance manager.
Commercial analyst.
Group financial support.
Senior associate persons
Accounts receivable
Accounts payable partner.
Accounts receivable officer.
Accounts payable officer.
Investment analyst.
IT portfolio management analyst.
Senior associate.
Business analysis partner.
Production controller.
Financial analyst and assistant manager.
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Accounts lead
Answer to the question no 4
The role of corporate accountant is of extremely precise, with keen eye to the detail
and vast amount of practical knowledge is associated with the post. Hence if a simple mistake
is made in the business, then it can be making an effective business loss. It is quite natural
that the accountants are expected to have great organisation skills and boost the high degree
of precision (Bhasin 2015).
Organisational skill
The accountant must keep up all the figures. Data and paperwork in their daily jobs.
Therefore there is a need of such a system where all the database and information are needed.
The accountants should be able to organize their work to maximize productivity and allow
the time for doing undistributed research and analysis.
Time management skills
Today the accountants are playing an increasingly important role to contribute
towards a strategic decisions making process. Therefore the process of decision – making is
full of brim and schedules. On the other hand they are need to take care of many tasks beyond
financial management and should be prioritizing to make the most of the business as a whole.
Detailing
These process traits are obviously the key to retrieve the reality of the key accounting
process. Thus the company management needs to show that the numbers they take are natural
and correct. Therefore the detailed process of this task could be very much effective for
details and involve in the aspect of due diligence aspect. Thus it is the process which the
management should remind of (Jackling and Natoli 2015).
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Focus over the client
Being an accountant it means that they are only not dealing with the numbers but also
the clients as well. That’s why the accountants should be having a strong orientation towards
meeting the client’s requirements. Hence there is a need to understand the industry, sector
and the client s in the retail industry. An accountant’s advice is to increase the overall value
of the business and make a way where the sector finds most effective and reliable source
which are very much relevant and actionable.
Answer to question no 5
The corporates do hard work and deliver commitments towards the organisation.
However the corporates face a lot of traits towards the corporate management accounting. On
the other hand it is also seen that the effective leadership quality is something upon which the
company management looks to bank on. Hence the company CEO must ensure some
effective traits which will be effective for him to become a global leader. These are as
follows-
Learn from the past experience
Every new job while doing for the first time could create mistakes. Hence it is better
to learn from those mistakes rather than repeating those same mistakes over and over again.
Similarly it is also very much obvious that the company CEO could often make some
effective mistakes while committing any work. Hence it is very much Important to the
company CEO to learn from those mistakes and never repeat the same again. It is the quality
of a good leader. For example during the management crisis the company CEO needs to
showcase the skills to curb the problems. This could show the effective skills of management
and implement some important and effective leadership quality within the employees.
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Strong communication skill
As a leader the company CEO needs a stronger communications skill.
Communication is the key area to focus on. Hence it helps in setting the key communication
skills and hence the company management needs to learn how to communicate with the
employees so that they get motivated to meet challenges overall. According to the study it is
seen that the top management executive will be consistently transparent as well as they are
the key to meet the potential challenges as well as to meet the expectation by using successor.
Hence these could devote the effective management rules and meet the connections overall.
Building relationships
A company CEO must look to build an effective business relationship with the clients
and superiors as a whole. Hence these process will lead to create an effective relationship.
Thus the business could run solely on the types of marketing techniques.
Answer to question no 6
The potential accountants drive the overall business decisions through an accurate and
orderly management process relating to the finance and cash flow. Hence there are certain
professional areas which are very much mandate from the company and business perspectives
overall. Therefore the corporates have to be good at the communication skills overall. Thus
the communication skills are proven to be very much important to.-
Report the company’s overall financial performance.
To prepare and compute the effective tax changes.
To prepare and compute the effective tax rate and values.
Propose the solutions related to clear the roadblocks.
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On the other hand there are some basic key skills which are also equally important for
the company management. These qualifications are as follows.
Accounting skills and knowledge
In order to be an accountant it is important that the management meets certain
effective qualities which are proven to be very much important also from business
perspectives. These are as follows –
Since the accounting is fully based on numbers and calculations, thus it is important
that the employees are very much fast forward and know the calculations of numbering. This
will be very much effective to solve the current problems.
The data accuracy is another important aspect, the company management needs to
keep the updated database always in order to be one step ahead of the competitors. True and
accurate data is helpful in sorting the problems effectively (Webb and Chaffer 2016.).
Analysis
The accountant needs to be perfect at analysing the data collected as well as predict
the future value which could be expected from the investment of the investor. This is called
as return on future asset value. Hence the process will be effective in meeting the reporting
schemes.
Investigative mind-set
The available data and numbers could help to put patterns that could emerge towards
the overall business cycles together. In this way the numbers are not added up unless and
until the company investor tends to follow the investment patterns.
On the other hand the some people find the employment in the entry level accounting
positions without earning the diploma. Hence most of the accounting professionals hold at
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least a four year bachelor degree. They are choose to pursue more educations and also to
become certified public accountants. Therefore the basic important degree related to this
process are
Associates degree
These degrees are available in the online traditional classroom, and the degree
provides a solid grounding to the accounting and accounting terminology. Therefore it is
considered as an entry- level position with organisational position related to finance and
administrative position such as billing clerk, accounts receivable clerk and staff book- keeper.
Bachelor degree
It is important that the staff accountants do have a bachelor’s degree which is a basic
step towards going into the corporate accounting world. There are specific courses and the
schools also play an important part in this case. The study topics which helps in this case are
business communications, accounting technology, principles of accounting, business law and
more.
Master’s degree
The master degree is a next step towards corporate accounting department. The
degrees like MBA provides a bigger challenge to the aspiring candidates to grow as a leader
of tomorrow and handle problems effectively. Hence the degrees like MBA opens the door of
management level jobs to the candidates in various industries like banking and construction
and in high tech also.
Apart from this there are also careers like chartered accountants. These courses meet
the business issues. Therefore this course is very valuable as well as very tough to crack on.
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