ACCT6004 Management Accounting: Job Market Analysis and Skills

This report explores the roles and responsibilities of management accountants by analyzing job advertisements from various industries and job websites. It identifies common and less common skills required for cost and management accounting positions, such as annual budgeting, strategic analysis, and Hyperion Financial Management. The report also discusses the challenges faced by management accountants, including issues related to data collection, budgeting, and time management. Furthermore, it reflects on the alignment of the ACCT6004 course outcomes with job requirements and suggests improvements to the curriculum, such as incorporating cost allocation processes like activity-based costing. This student-contributed assignment is available on Desklib, a platform offering a wealth of study tools for students.

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

1MANAGEMNET ACCOUNTING
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

2MANAGEMNET ACCOUNTING
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 –
JCDecaux
Australia
Main
objective is
to track,
forecast,
record and
monitor
expenses
associated
with capex
7th
April
2018
Jobsearch.gov.au Positions for
accountant
2. Managemen
t accountant
Industry –
Acqua
Bathrooms
Report to the
director and
deliver the
executive
team with
various
business
analyses and
improvement
for
26th
March
2018
Jobsearch.gov.au Positions for
accountant

3MANAGEMNET ACCOUNTING
management
decision
making
3. Senior
management
accountant
Industry -
Maxxia
Able to
implement
the ongoing
maintenance
of
forecasting,
budgeting
and reporting
platform
26th
March
Applydirect.com.a
u
Management
accountant
4 Managemen
t accountant
Industry –
Metro trains
Enthusiastic
management
accountant to
help in
analysis and
planning the
financial
aspects
5th
April
Applydirect.com.a
u
Management
accountant
5. Cost
accountant
Industry –
Junior first
movers
Primary
responsibility
is to assist the
management
with the
21st
March
Adzuna.com.au Cost accountant

4MANAGEMNET ACCOUNTING
performance
based
reporting for
finance that
includes cost
management,
forecasting,
pricing, and
strategic
financial
planning
6. Cost
accountant
Industry –
MPAU
Finance
Budget vs
actual costing
analysis,
Opex and
Capex
analysis and
tracking,
accurate
annual
forecasting
and
budgeting
25th
March
Adzuna.com.au Cost accountant
7. Cost
accountant
Industry -
Brandt
Ongoing
analysis for
21st
March
adzuna.com.au Cost accountant

5MANAGEMNET ACCOUNTING
the product
costing for
providing
accurate and
meaningful
cost related
information
to all
management
level.
8 Managemen
t accountant
Industry –
Michael
Page
Annual
budgeting,
maintenance
of monthly
performance
report,
providing
strategic
analysis
7th
April
Seek.com.au Management
accountant
9. Managemen
t accountant
Industry –
Gates
Australia
Pty Ltd
Reporting on
Hyperion
financial
management
system,
supporting
6th
April
Seek.com.au Management
accountant

6MANAGEMNET ACCOUNTING
the budgeting
procedure
and
forecasting
monthly
rolling,
reporting on
tax pack
10
.
Managemen
t accountant
Industry –
Capstone
recruitment
group Pty
Ltd
To provide
well
informed and
timely advise
to director
regarding
various
aspects of
branch
functions and
roles,
budgeting
and
forecasting
6th
April
Seek.com.au Management
accountant

7MANAGEMNET ACCOUNTING
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
Main objective
is to track,
forecast, record
and monitor
expenses
associated with
capex
Able to provide
accurate, pro-active
financial advice to the
management for
supporting business
growth and meeting the
legal requirements
Learning outcomes 3,4,5
and 6
2. Management
accountant
Report to the
director and
deliver the
executive team
with various
business
analyses and
improvement
for
management
decision
making
Pricing, assets
valuation, cost
management, budgetary
system and forecasting
Learning outcomes 3,4,5
6 and 7
3. Senior Able to implement the Learning outcomes 3,4,5

8MANAGEMNET ACCOUNTING
management
accountant
ongoing maintenance of
forecasting, budgeting
and reporting platform
and 6
4. Management
Accountant -
Infrastructure
Enthusiastic
management
accountant to
help in analysis
and planning
the financial
aspects
Tertiary qualification in
accounting or
management.
Demonstrated
experience in business
partnering
Learning outcomes 3,4,5,
6 and 7
5. Cost accountant Primary
responsibility
is to assist the
management
with the
performance
based reporting
for finance that
includes cost
management,
forecasting,
pricing, and
strategic
financial
planning
Advanced skills for
excel, job costing
experience,
management accounting
experience, accounting
or business degree
Learning outcomes 3,4,5
and 6

9MANAGEMNET ACCOUNTING
6. Budget vs
actual costing
analysis, Opex
and Capex
analysis and
tracking,
accurate
annual
forecasting and
budgeting
Must have 3-5 years
experience in similar
type of cost accountant
role. Must be CPA/CA
qualified and shall be
experienced in
manufacturing
organization.
Learning outcomes 3,4,5
and 6
7. Cost accountant Ongoing
analysis for the
product costing
for providing
accurate and
meaningful
cost related
information to
all
management
level.
Must have minimum 3
years of experience and
shall be progressively
responsible along with a
professional designation
for accounting
Learning outcomes 3,4,5
and 6
8 Management
accountant
Annual
budgeting,
maintenance of
monthly
CA/CPA qualified,
excellent knowledge of
excel, exposure to ERP
system
Learning outcomes 3,4,5
and 6

10MANAGEMNET ACCOUNTING
performance
report,
providing
strategic
analysis
9. Management
accountant
Reporting on
Hyperion
financial
management
system,
supporting the
budgeting
procedure and
forecasting
monthly
rolling,
reporting on
tax pack
Must have a degree in
accounting preferable
CA/CPA and shall be
highly proficient in
Microsoft suite,
particularly power point
and excel
Learning outcomes
2,3,4,5 and 6
10 Management
accountant
To provide
well informed
and timely
advise to
director
regarding
various aspects
Highly developed skills
regarding
organizational
information and strong
knowledge for
assurance processes and
procedures
Learning outcomes
2,3,4,5 and 6

11MANAGEMNET ACCOUNTING
of branch
functions and
roles,
budgeting and
forecasting