Holmes Institute HI5020: Corporate Accounting Qualifications Report

This report, prepared for Holmes Institute's HI5020 Corporate Accounting unit, investigates the qualifications and experience sought by employers in the field of corporate accounting. The assignment involved collecting and analyzing thirty job advertisements from SEEK and JORA websites. The report delves into the essential attributes of corporate accountants, including their skills, education, and responsibilities. It examines the educational qualifications, such as BTEC degrees, and the importance of professional certifications like ACCA and ACA. The analysis relates the job advertisements to the tasks, roles, and responsibilities of corporate accountants, covering areas such as financial reporting, bookkeeping, and tax management. The report also discusses the learning outcomes related to the job advertisements and outlines the requirements for becoming a successful corporate accountant. The conclusion synthesizes the key findings and underscores the importance of continuous professional development in the dynamic field of corporate accounting.

Running Head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student
Name of the University

Abstract:
There are many types of job positions available in the financial sector. An individual with
potential can be a bank clerk, auditor for an organization, stockbroker or an accountant for a
company. One must have a sense of business, skills to manage the accounts and good with
numbers before applying for the job in the financial sector. A corporate accountant in an
organization is the most important job role with many responsibilities. They need to makes all
the strategic decision if it is related to finance. The executive body of an organization will expect
the corporate accountant tea to administer many other responsibilities than just managing
financial assets so the candidates need to be skilled to handle many things at a time. The
corporate accountant needs to have an excellent communication skill along with the written, as
they need to discuss the things with CFO (Chief Financial Officer) and with the clients of the
organization. To make a sustainable platform for oneself in the meeting then the communication
skill is the key.

Table of Contents
Abstract:...........................................................................................................................................2
Introduction......................................................................................................................................4
Job advertisement in the website.....................................................................................................5
Number of the Jobs Advertisements................................................................................................5
Corporate accountant and their Personal attributes.........................................................................8
Education qualification needed for corporate accountant...............................................................9
Corporate accounting and it relation with the above advertisements based on, tasks, roles and
responsibilities...............................................................................................................................10
Corporate Accounting and its learning outcomes regarding the job advertisement......................12
Requirements to become a Corporate accountant.........................................................................14
Conclusion.....................................................................................................................................16
Reference:......................................................................................................................................17
Appendix:......................................................................................................................................19

Introduction
In an organization, the job title of an accountant is one of the most important ones whose
work is a lot more than managing the numbers correctly. The person for this job has to have the
ability to handle a company or a venture along with the ability to handle clients. An accountant
needs to be good at calculation but he/she also needs to be organized, honest, have good
communication, dependable and have good writing skills. In order to be a good accountant, it is
important for a person to have an interest in the accounting carrier only than an individual can
work better.
In big cities, there are a huge number of accountants needed for many companies but
smaller cities also need accountants to smoother and make the businesses easy. A degree in
accountancy can help a person to choose from many job profiles in huge companies. Many big
organizations are always in need of auditors as the company needs to audit its resources once a
year, so the accounting degree or career makes a person fit as an auditor. Budget is the main
factors for all the organizations so an accountant who has an understanding of every functioning
division of an organization can build a good budget analysis for the company.

Job advertisement in the website
There are 15-job ads that are collected from SEEK’s website and 15 from JORA’s
website to complete the project. In total, there are 30-job ads that are provided in the project.
Source :Au.jora.com (2019) Source: Au.jora.com (2019)
Number of the Jobs Advertisements
Many organization has posted various job advertisements/ads on the website of SEEK
and JORA. Below is the list of all the job ads listed in the website along with the industry
breakdown and job positions that are available.
SL.
NO.
Name of the Organisation Industry Breakdown Source Position
1 FourQuartersMelbourne VIC Finance enterprise JORA Accountant
2 Bundaberg & Wide bay
Burnett
Finance consultancy JORA Office
assistant
3 LMYY National valuation
company
SEEK Corporate
accountant
4 Australian Agribusiness Traders of agricultural SEEK bookkeeper

group tools
5 China Merchants Bank Co.
Ltd
Bank JORA Assistant
accountant
6 Holcim AustraliaWerribee
VIC
Quarries at Oakland
Junction and Werribie
JORA Account
manager
7 Dogdayz Melbourne A proven ability, with
integrity and flair
commitments company of
finance
SEEK Office
manager
8 Metro staffing solutions Recruitment firm JORA Assistant
accountant
9 Perigon group Pty limited Industry leaders JORA Financial
Accountant
10 Private Advertiser Advertising enterprise SEEK Assistant
accountant
11 Smaart
RecruitmentMelbourne VIC
Consultancy recruiting in
skincare and retail stores
like MECCA
SEEK Accountant/
bookkeeper
12 Tree of life Band promoters SEEK Payroll officer
13 Docklands VIC ASX listed food
manufacturer, are
undergoing massive
expansion throughout
Australia, and is planning
to set business
internationally
SEEK Account
assistant/
bookkeeper
14 Melbourne VIC Providers of foreign JORA Reconciliatio

exchange n accountant
15 Better That Part-time finance firm SEEK Junior
Accountant
16 Pirtek Fluid Systems Finance company JORA Corporate
Assistant
accountant
17 flybuys - Find your
placeMelbourne VIC
Travel agency SEEK Account
officer
18 ART Security Pty
LtdMelbourne
Have a small accounts
team focusing on the
received and payment
accounts
SEEK Accounts
officer
19 Dahua Group Melbourne
Number 1 Pty LtdMelbourne
Finance enterprise SEEK Accountant
20 Racing NSW Horse racing supervisors SEEK Stakes
accountant
21 ThompsonCookAbbotsford
VIC
Finance enterprise SEEK Part time
bookkeeper
22 Robert WaltersMelbourne
VIC
It’s an international
luxury retail firm
SEEK Junior
accountant
23 Bunch and Books Book keeping service
provider
SEEK Bookkeeper
24 Australian village
management Pvt. Ltd
Environment security
enterprise
JORA Full time
assistant

accountant
25 Thales Australia Market changers JORA Assistant
accountant
26 North East Link
AuthorityMelbourne VIC
Accounts and finance JORA Finance
officer
27 JCDecaux Collaborative finance
group
SEEK Accounts
graduate
28 Speller
InternationalMelbourne VIC
International trade
enterprise
JORA Payroll trainer
29 Sharp and CarterVictoria Focuses to a wider extent
of accounting rather than
the basic responsibilities
of accounting regularly
JORA Assistant
accountant
30 Hays accountancy and
Finance
Finance firm SEEK Assistant
accountant
Corporate accountant and their Personal attributes
The organization or the company will have high expectations from an accountant.
Therefore, an accountant needs to have various skills including a high amount of accuracy. It is
important for a qualified accountant to have keen sight and enormous information about the
practicality. Even a very tiny inaccuracy in the organization’s budget by an accountant can be a
huge suffering for the company.

 An accountant’s commitment toward the company is very important as it will help to
keep the data safe from third parties.
 The work should be organized by the accountant to maximize the efficiency of the work.
The main part of an accountant’s job is to check the details of the budget and for it to
reach the precision.
 Accountants are not only accountable for financial issues they also need to make strategic
decisions.
 A client is only conformable if the accountant of the company has good communication
skills.
 Any organization needs to have a creative accountant, which will help the company to
handle any kind of difficult financial operations (Epstein 2018).
Education qualification needed for corporate accountant
There are different types of accounting like managerial, cost, financial, auditing, taxation,
AIS, fiduciary, and forensic accounting. Therefore, a corporate accountant needs to focus on a
variety of accounting to handle the revenue of the organization. In a corporate world, an account
deals with tax, pay, purchasing, procurements, and financial reports. In most of the company,
they also handle the audit. A corporate accountant has to be adequately qualified, as based on the
chronological data he/she has to build a statement for all the shareholders (Endenich, Trapp and
Brandau 2017). The detailed list of the advertisement posted above only wants an individual who
holds a degree in BTEC. For all corporate accountants, economics and maths in a university
must be compulsory. For all the firms the minimum education level necessary is the AAT for a
corporate accounting job. Therefore, in a job interview always an individual with a higher level
of education will get through. The higher levels of educations are ACCA, ACA, and CIMA,

which helps to become a chartered accountant. Auditing is an important job that requires in a
company so to become an auditor an accountant has to have various analytical and numerical
skills. Business studies, English and maths are optional subjects, which will help an individual to
get the jobs in the company with ease (Alleyne 2016).
Corporate accounting and it relation with the above advertisements based on,
tasks, roles and responsibilities
The list of advertisements on the website of SEEK and JORA offers several positions
including assistant accountant, bookkeeper, corporate account, finance officer, tax accountant,
senior accountant, etc in the corporate accounting body of an organization in Australia. The level
of education or qualification of the employee is considered before pursuing any designation in
the above-mentioned ads. Many individuals who are working as an accountant but plays a role in
all the budgeting tasks, performs all the responsibilities and are related to the ads fall under
corporate accounting.
The corporate accounting employees embrace the financial reporting tasks of the
companies along with the bookkeeping accounts. A corporate accounting division has a CFO
(Chief Financial Officer) who oversees all the corporate accounts of the company and they
manage a number of other responsibilities for financial accounting (Joshi and Li 2016). The
major roles of a corporate accountant in a company include all the payable and receivable
accounts, payroll of all the employees, financial reporting and managing the finances of the
company. In a company, out of all the accountants, the senior-most one will have the duty of
organizing the complete bookkeeping information along with the assets, funds and company
liabilities record. These records will be analyzed and later authenticate the final finance report of

the company revenue. A separate tax accountant for taxation purposes will manage all the tax-
related matters of the company (Florackis and Sainani 2018). The main role of the tax accountant
is to help the company to deal with the financial and income tax statements. They help the
organization to save many taxes by recognizing the taxes and evaluating the various issues
related to it. Corporate accounting has many divisions like financial accountants that deal with
the tax payment. In order to be in the internal audit, they create a budget plan for the company.
The management accountants and a corporate finance team of the corporate accounting manage
the revenue accounts of the company. This will help the company to grow the business
financially and to have various decisions for any financial issues the company faces. A corporate
accountant manages business accounting along with the financial rules & regulations of the
company policy and helps to retain the policies in the financial records (Hernádi 2019). A
corporate accountant can help the executive body of the company to make any kind of decisions
that are related to finances. The advertisements listed above in the chart are all with the
requirement of corporate accountants.
As advertised in the above chart the eminences of an individual who are looking to get
the corporate accountant job are evaluated together by the company body and the educational
professionals. The professor of the university and the executive team of the company together
decide the enrollment procedure of the corporate accountant. The university helps to find an
outstanding individual according to the efficiency and qualification, which later helps a company
to form a suitable accounting system. The qualified individuals have given an explanation about
the functions and responsibility according to necessities of the company (Durocher, Bujaki and
Brouard 2016).

There are many tasks of corporate accountants within the organization and all the tasks
are important based on the different operations they perform in the company. The corporate
accounting involves all the payroll processing, income invoices processing, internal audit, etc of
the company. The accountants of the company also manage the various business decisions
related to finances and the data analysis. The responsibilities of an accountant are to maintain the
external and internal audit of the company, collecting the financial data and ledgers, controlling
the quarterly, monthly and yearly closing of the balance, assembling the financial statements, to
check the expenses and creating a financial budget of the company. Along with the various tasks,
there is a challenge that is faced by corporate accountants, which is identifying the risk of
creating financial forecasts (Ojo and Van 2016). The ads that are available in the above charts
are associated with the requirement of corporate accountants along with many responsibilities for
the various companies.
Many companies prefer an individual who has experience in the field of a corporate
accountant or fresher as nil in the field of the accountant. For every advertisement, the
preferences will be mentioned in the above chart. The preferences also include profound
knowledge for handling the risk, the knowledge of risk evaluation, financial statement
forecasting and the information about the bookkeeping practices (Lim et al. 2016).
Corporate Accounting and its learning outcomes regarding the job
advertisement
In this assignment, there is a total of 30 job ads and each of the ads has been evaluated
according to the necessities of the corporate accountant. All the job ads have been explained with
the responsibilities, key roles, and the function of an individual within the company. All the ads