ACCT6004 Management Accounting Assignment: Data Analysis Report

This management accounting assignment comprises three tasks: data collection, data analysis, and a final report. The data collection task involves gathering information from various job postings for management and cost accountant positions, detailing job descriptions, requirements, and industry sectors. The data analysis task assesses the collected data, aligning job requirements with the learning outcomes of ACCT 6004, focusing on cost accounting principles such as cost estimation, cost object analysis, and the application of cost information for planning and decision-making. The final report synthesizes the findings, comparing the prevalence of different accounting roles, identifying common skills and less common requirements, and discussing the challenges faced by management accountants, linking these insights to the topics covered in ACCT 6004, including ethical considerations and the application of cost accounting techniques.

Running head: MANAGEMNET ACCOUNTING
Management accounting
Name of the student
Name of the university
Student ID
Author note

MANAGEMNET ACCOUNTING 1
Table of Contents
Task 1 – Data collection.............................................................................................................2
Task 2 – data analysis................................................................................................................7
Task 3 – final report.................................................................................................................12
Part 1....................................................................................................................................12
Part 2....................................................................................................................................13
Reference..................................................................................................................................16

MANAGEMNET ACCOUNTING 2
Task 1 – Data collection
N
o
Position
Title
Sector
Industry or
Governme
nt
Position
description
Date
listed
Website address Search word(s)
or phrases
1. Managemen
t accountant
Industry –
Acqua
Bathrooms
Direct
reporting to
director and
help the
executive
team in
making
various
analyses
which in turn
will improve
the decision
making
process
26th
March
2018
Jobsearch.gov.au Positions for
accountant
2. Managemen
t accountant
Industry –
Metro trains
Efficient
management
accountant
who will
analyses and
5th
April
Applydirect.com.a
u
Management
accountant

MANAGEMNET ACCOUNTING 3
financial
planning
3. Cost
accountant
Industry –
MPAU
Finance
Analysis of
actual vs
budget, Opex
and Capex
analysis,
tracking the
financial data
and
forecasting
25th
March
Adzuna.com.au Cost accountant
4. Managemen
t accountant
Industry –
Michael
Page
Monthly
performance
analysis,
preparation
of annual
budget, able
to provide
strategic
analyses
7th
April
Seek.com.au Management
accountant
5. Managemen
t accountant
Industry –
Capstone
recruitment
group Pty
Ltd
To provide
timely and
well
informed
advise to
6th
April
Seek.com.au Management
accountant

MANAGEMNET ACCOUNTING 4
director for
forecasting
and
budgeting
6. Managemen
t accountant
Industry –
JCDecaux
Australia
Tracking,
forecasting,
recording
and
monitoring
capex
expenses
7th
April
2018
Jobsearch.gov.au Accountant’s
position
7. Senior
management
accountant
Industry -
Maxxia
Able to
implement
and maintain
the
forecasting,
budgeting
and reporting
platform on
regular basis
26th
March
Applydirect.com.a
u
Management
accountant
8. Cost
accountant
Industry –
Junior first
movers
Main
responsibility
is assisting
the
management
21st
March
Adzuna.com.au Cost accountant

MANAGEMNET ACCOUNTING 5
in
performance
based
reporting
associated
with finance
that includes
forecasting,
cost
management,
pricing, and
strategic
financial
planning
9. Cost
accountant
Industry -
Brandt
Analysis of
product
costing to
provide
meaningful
and accurate
cost
information
to all the
management
level
21st
March
adzuna.com.au Cost accountant

MANAGEMNET ACCOUNTING 6
personnel
10
.
Managemen
t accountant
Industry –
Gates
Australia
Pty Ltd
Supporting in
budgeting
procedure,
reporting on
tax matters,
forecasting
monthly
rolling, and
reporting on
Hyperion
financial
management
system
6th
April
Seek.com.au Management
accountant

MANAGEMNET ACCOUNTING 7
Task 2 – data analysis
No Position title Position
requirement
Cost or management
accounting criteria
required or position
Alignment with
learning outcomes of
ACCT 6004
1. Management
accountant
Direct
reporting to
director and
help the
executive team
in making
various
analyses which
in turn will
improve the
decision
making
process
Pricing, valuation,
budgetary system,
assets cost management
and forecasting
 Categorise and
identify the
nature of various
types of costs,
cost objects and
cost behaviours
and use cost
estimation
techniques to
develop cost
functions.
 Apply cost
accounting
techniques to
calculate the cost
of a range of cost
objects as well as
analyse costs.
 Apply cost
information to

MANAGEMNET ACCOUNTING 8
planning, control
and decision‐
making.
 Critically
evaluate the
relevance of both
quantitative and
qualitative
costing
information to
management
decision making.
2. Management
Accountant -
Infrastructure
Efficient
management
accountant
who will
analyses and
financial
planning
High level qualification
in management or
accounting and well
experience in business
partnering
 Categorise and
identify the
nature of various
types of costs,
cost objects and
cost behaviours
and use cost
estimation
techniques to
develop cost
functions.
 Apply cost
accounting

MANAGEMNET ACCOUNTING 9
techniques to
calculate the cost
of a range of cost
objects as well as
analyse costs.
 Apply cost
information to
planning, control
and decision‐
making.
 Critically
evaluate the
relevance of both
quantitative and
qualitative
costing
information to
management
decision making.
3. Cost accountant Analysis of
actual vs
budget, Opex
and Capex
analysis,
tracking the
Must be3-5 years
experienced in same
type of role for cost
accountant. Further, the
applicant shall be a
qualified CPA/CA shall
 Categorise and
identify the
nature of various
types of costs,
cost objects and
cost behaviours

MANAGEMNET ACCOUNTING 10
financial data
and forecasting
have experience in
manufacturing
organization.
and use cost
estimation
techniques to
develop cost
functions.
 Apply cost
accounting
techniques to
calculate the cost
of a range of cost
objects as well as
analyse costs.
 Apply cost
information to
planning, control
and decision‐
making.
 Critically
evaluate the
relevance of both
quantitative and
qualitative
costing
information to
management

MANAGEMNET ACCOUNTING 11
decision making.
4. Management
accountant
Monthly
performance
analysis,
preparation of
annual budget,
able to provide
strategic
analyses
Exposure to ERP
system, CA/CPA
qualified and excellent
knowledge over excel
 Categorise and
identify the
nature of various
types of costs,
cost objects and
cost behaviours
and use cost
estimation
techniques to
develop cost
functions.
 Apply cost
accounting
techniques to
calculate the cost
of a range of cost
objects as well as
analyse costs.
 Apply cost
information to
planning, control
and decision‐
making.
 Critically