HI5020 Corporate Accounting: Employer Expectations for Accountants

This report examines the qualifications and experiences that employers in Australia seek from corporate accountants. It analyzes job advertisements collected from online platforms like Indeed and Seek, focusing on various corporate accounting positions. The report details the industries and companies posting these advertisements, including insurance, manufacturing, and finance sectors. It identifies key job titles such as senior financial accountant and tax accountant, and outlines the required personal attributes, including communication, organizational skills, commercial awareness, and innovation. Furthermore, the report discusses the professional and academic qualifications, such as degrees in finance or accounting, and certifications like CPA or CA, that are typically required. The analysis covers the importance of software skills and experience in tax compliance, providing a comprehensive overview of the skills and qualifications necessary for success in corporate accounting roles.

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:

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Executive summary:
The report is prepared to evaluate the qualification and experience of the corporate
accountants which the employers of Australia requires. For gaining an understanding of
this, some of the job advertisements have been collected from online job search portals
such as Indeed and Seek. The jobs have been analysed for the attributes by addressing
the personal attributes which should be possessed by the accountant. In addition to this,
the professional and academic qualifications required by the corporate accountant is
also outlined in the paper. Later part of the report demonstrate the attributes, skills and
expertise that an individual should have for becoming corporate accountants.

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

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Introduction:
The objective of the paper is to gain a clear understanding of the experiences
and qualification that is sought by the employer form the corporate accountants.
Evaluation of the requirements of the corporate accountants from the employer is done
by collecting significant number of job advertisement posted in the print media or
electronic form in the job portals. The questions which are addressed in the report is
based on the job advertisements that have been collected and the performing the
evaluation of the experiences and qualifications presented in the job advertisements
with the outcome, learning objectives and content of the subject of the corporate
accounting.
In the earlier days, individual used to visit the office premises for facing the
sessions of interview, as there was no facility of conducting the interviews using online
platform. IT was difficult to track the new opening of job in different organizations. The
online job search portal assist individuals in searching a wide range of jobs and applying
to such jobs depending upon the requirement and the criteria. In addition to this,
advertisement about the new opening also fees great benefits to the organization using
such platform, as they are cost effective and very affordable. In the current paper, some
of the online job search portals have been used for collecting the advertisement
includes Indeed, Jora and Seek. The job advertisements that have been collected
concerns the position of corporate management accountant, corporate accountant, tax
accountant, senior accountant, accountant corporate finance, corporate management
and financial accountant, senior accountant of tax and corporate reporting and senior
financial accountant by the employers in Australia. Collection of such varied range of
advertisement relating to different positions of corporate accountants bas helped in
gaining knowledge of different requirements which is employers seek.
Discussion:
Answer to requirement 1:
In this requirement, all the jobs have been collected from the mentioned online
job search portals. Total of thirty job advertisements have been collected for the
different positions of corporate accountants from the online job search portals such as
Indeed and Seek. For the purpose of evaluation, fifteen job advertisements have been
collected from the online portal such as Indeed and the rest fifteen job advertisements
have been collected from the online portal such as Seek. The total of job
advertisements collected from both the online job search portals is related to the
position of senior financial accountant, management accountant, tax accountant and
senior accountant (Caskey and Laux 2016).

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Answer to requirement 2:
In this requirement, the industry breakdown of the organizations posting the
advertisements on the jobs along with the name of the organization is presented.
1. AUB group Limited—Insurance company
2. Air Liquide- Industrial Manufacturing
3. Hays accountancy and finance— Accounting and finance
4. Paybang Pty Ltd—Finance Company
5. National Group— Mining, resource, logistics and personnel suppliers industry
6. Delaware North companies — Hospitality and food services
7. Crawford and Company – Financial Company
8. Michael page accounting and finance— Accounting and finance industry
9. Grant Thornton, Australia— Consulting and business services
10. Lawson Elliott— Accounting and finance recruitment
11. Macias Consulting Pty limited— Consulting and business services
12. Crisdale Group of Companies – Business services and Tax Accountant
13. National plant and equipment Pty Limited— Equipment industry
14. Larosa and Hardman Chartered accountants-Accountants and advisers industry
15. Queensland Treasury Corporation –Financial Advisory
16. Murphy Pipe and Civil- Construction Industry
17. Aristocrat Technologies Australia- Manufacturing Industry
18. Sentinel Property Group— Property Investment industry
19. Technology One Limited- Internet and Software
20. Australian accounting and franchising professionals—Finance and accounting
21. Torque Recruitment- Human Resource & Staffing
22. Megaport-Brisbane QLD- Telecommunications
23. Moore Stephens (WA) Pty Ltd.—Auditing and Finance company.
24. Crawford and Company – Financial Company
25. Zurich Insurance Group- Insurance
26. LWK Chartered Accountant- Accounting and Advisory Firm
27. Infocus money management— Wealth management industry
28. Electrolux- Home appliance industry
29. Scott Associates Pty Limited— Motor Trade and other industries
30. ALDI Supermarkets- Retail Industry
Answer to requirement 3:
This section outlines all the job titles that is mentioned in the job advertisements
collected and the job titles include the position of senior financial account, tax
accountant, corporate financial accountant and senior accountant.
Name of job Name of the company
Financial accountant 1. Sentinel Property Group

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
2. Hays accountancy and finance
3. Macias Consulting Pty limited
4. LWK Chartered Accountant
5. National plant and equipment Pty
Limited
Senior accountant 1. LWK Chartered Accountant
2. AUB group Limited
3. Aristocrat Technologies Australia
4. Queensland Treasury Corporation
5. Grant Thornton, Australia
Tax accountant 1. Scott Associates Pty Limited
2. Torque Recruitment
3. Infocus money management
4. Crisdale Group of Companies
5. Moore Stephens (WA) Pty Ltd.
Corporate financial accountant 1. Electrolux
2. Crawford and Company
3. Murphy Pipe and Civil
4. National Group
5. Queensland Treasury Corporation
(Au.indeed.com 2019).
Management accountant 1. Delaware North companies
2. Zurich Insurance Group
3. Megaport
4. Technology One Limited
5. Paybang Pty Ltd
Answer to requirement 4:
The applicable candidates should possess different characteristics that would
help in the development and growth of the organizations. In addition to this,
organizations advertising for the post of corporate accountants should have statutory
reporting experience and strong technical and financial skills. Sometimes, one
additional attribute that is sought from the corporate accountants is that they should
have a proven success of operating in a similar role in the large business and should be
capable of being adapted and operate in the fast-paced environment. The accountant
should be solution oriented and determined by nature and should be confident enough
to challenge the status quo (Bozanic et al. 2018).

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
The job advertisements that have been collected mentions about various
personal attributes from the corporate accountants and all such personal attributed are
mentioned in the points below.
1. Communication skills
2. Innovative
3. Organizational skills
4. Technical and analytical skills
5. Commercial awareness
6. Trustworthy and reliable
7. Vigilance
8. Collaboration and proactive
9. Integrity and credibility
10. Solid working understanding of integration points between the financial modules
and computerized accounting system
11. Initiative
12. Resilience
13. Efficient and highly organized
14. Demonstrated analysis experience
15. Comprehensive understanding of the tools of executive information system
16. Highly developed numeracy and analytical skills
Answer to requirement 5:
In order to gain an understanding of each of the attributes discussed above, all
the personal attributes required by the employer from the corporate accounts mentioned
in the job advertisements are discussed on detail.
The organization or the employer seeking corporate accountants require them to
possess some professional and organizational skills and they are regarded as the most
crucial attribute for the candidate opting for various posts of corporate accountants.
Some other personal attributes required by the corporate accountant by the employer
and they are as follows:
Great communication skills-At all the levels of management, corporate
accountants should be able to communicative effectively with the key stakeholders of
the organization. Possessing communication skills is considered crucial for the
accountants as it helps in conveying the complex information (Robson and Bottausci
2018).
Strong organizational skills- Strong organizational skills is the characteristics of
best accountants as they would help in keeping account of all the paper word and single
bit of data. Even the well-intentioned and brilliant accountant is not valued if they have
poor organizational skills. Accountants possessing this trait ensures that they are

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
capable of accessing the materials as and when they want and thereby helps in
optimization of the tasks and productivity.
Collaboration and proactive- Corporate accountants should be easily
collaborated with others and act as an engagement team member with a positive
attitude and proactive.
Excellent problem solving and analytical skills- He should be competing priorities
and possess the ability to manage the multiple deadline
Commercial awareness- One of the most important attributes of the corporate
account, which is often forgotten, is the need for commercial awareness. Such
awareness is the essence of the knowledge of how and where the business is fitting in
the market and how the social, economic and political movements is influencing the
business (Faleye et al. 2018).
Innovation- Competent accountants should be able to solve such problem that
demand knowledge of more than the textbook and this should be done by the
implementation of unconventional yet effective approaches. He should be capable of
developing some intuitive formal using the strategy out of box for dealing with the
particular situations. They should have the willingness to strengthen and practice their
innovative capabilities (Appiah and Amon 2017).
Trustworthiness and reliability- Accountant should also have the attributes that
make them reliable and trustworthy, as they are not required to leak the information to
the third parties neither accidentally nor intentionally. Such attribute makes the client
trust them in their ability and willingness to keep all the crucial information confidential
(Agyei 2018). This particular attribute is regarded as a matter of basic ethics and
professionalism.
Answer to requirement 6:
The professional and academic qualifications mentioned in the job
advertisements of different position of corporate accountant is discussed in this section.
The minimum qualification, which is sought by the employer when hiring the
candidates for the position of corporate accountant is the high level is the high-level
education in business, commerce finance and accounts. Moreover, the academic
qualification required for the senior accountant is the bachelor’s degree in finance,
accounting and business administration. The additional qualification required is the
recognized accounting designation such as CMA, CPA and CA and he or she should
have a thorough knowledge of the procedures and accounting policies. Some of the
other requirement welcomes the accountants possessing the capability in budgeting
and forecasting and creation of the financial statements. Moreover, the applicable
candidates for the position should be CPA/CA qualified accountants and the four to five

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
years post qualification in the full range of either management or financial activities.
Hence, for the position of senior accountant, the successful applicant would have a
minimum of five years of experience in the accountancy experience and should achieve
the workings toward the CPA or CA qualifications. Some of other qualifications and
expertise of the profile of suitable candidates as mentioned in the job advertisement is
the understanding and knowledge of the financial procedures, policies and accounting
standards (Kakanda et al. 2016). Some of the employer made it mandatory for the
employer to have software skills for handing all the financial activities of the company.
In addition to this, the employers positing for the position of tax accountants
required the candidate to have commercial experience in tax compliance of
approximately five years and should have worked with superannuation funds and unit
trust. The candidate should hold the degree qualified in accounting, business and
related discipline. Furthermore, they also sought to have detailed knowledge possessed
by the candidate in the trust, financial instruments and superannuation funds
(Armstrong et al. 2015). He or she should also have knowledge of reporting, fund
accounting, compliance requirements and operational risk of the service function of
clients.
Answer to requirement 7:
From the evaluation of the requirements of the qualification and experience of the
corporate accountants, it is inferred that the responsibilities, task and key roles of the
corporate accountants in the job advertisement complies with the tasks, key roles and
responsibilities that has been learned in the MPA unit HI 5020 Corporate accounting.
The focus of the subjects studied in MPA unit is the practical techniques and theoretical
framework of accounting. The practical techniques relates to the preparation of
statement of changes in equity, statement of financial position, statement of cash flow,
accounting for liabilities, accounting for assets, accounting for all the intragroup
transactions of company, share capital and reserves, accounting for groups and
accounting for non-controlling structures (holmes.edu.au 2019). Studying of the
preparation of all the financial statements helps in applying for the position of the
financial accountants and thereby much of the position is relatable to the core
accounting skills such as preparation of statutory account, preparation of financial
statements.
Some of other paper that has been studied under this subject is the profit
distribution, company formation, liquidation and consolidation of the consolidated
accounts and capital reconstruction of the group of entities as required under the stock
exchange regulations and accounting standard. The practical methods and procedures
learned from the unit has helped in meeting the requirements of the employer as the
individual is well versed with all the knowledge essential for the position. One thing that
needs to be notes in the context of the subjects learned in the unit is that there was no

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
lessons on the accounting software such as MYOB and SAP (Agrawal and Cooper
2017). This made it difficult for the individual to fulfill the criteria unless he or she is
having experience in using and applying that particular software for dealing with
different counting situations and solving accounting problems.
Answer to requirement 8:
The learning outcome of the corporate accounting unit made the learner capable
of demonstrating a thorough knowledge of the accounting standards and solving and
solving the practical problems faced in the inter entity relationship with the help of
application of knowledge. The learning outcome made the individual capable of
selecting appropriate accounting technique for performing different types of accounting
treatments. Some of the additional topics that was missing from the unit is that
individual were not taught to deal with the practical or the real issues faced by the
company. They were not provided with the tools for solving any issues that involved
team role and how the situations can be handled. In addition to this, the advertisements
posted about the personal attributes which a capable applicant should possessed and
beside this, the individuals were also not taught about the emerging financial
technologies that is used by the modern organization to deal with different accounting
situations (Robson and Bottausci 2018). However, the accountant can gain some of the
personal attributes sought by the employer only if they have the experience of working
as accountant in any organization.
Answer to requirement 9:
The role of financial professionals and accountants are expanding and with the
fast changing environment, it is required by them to have up to date technical expertise
and professional knowledge. The job skills of the accounting professionals should have
ability more than to crunch the numbers and they should have a handful of other soft
and hard skills aside from the traditional knowledge of accounting. For the individuals to
advance their career in accounting, they should have latest technological expertise,
general knowledge of business, leadership skills, communication skills, specialized
experience and customer service orientation and possess extensive knowledge for
dealing with the practical solutions. The topics of preparing the financial statement of
the companies has helped in dealing with the situation of financial problems faced by
the organization and how the specific method can be implemented in accordance with
the accounting standards. Moreover, the knowledge about the preparation of the
consolidated account and the topic on profit distribution has helped in resolving and
investigating the issue by the development of the problem and strong analytical skills.
The comprehensive knowledge of practice and accounting standards learned in the unit
has assisted in delivering the departmental goals relating to the finance and accounting
activities (Mire 2016).

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
Conclusion:
The paper has been developed to address all the requirements and experience
of the corporate accountants, which is required by the employers of Australia.
Demonstration of the job advertisements on the online job search portals are done
along with the name of organizations positing for such advertisement. The detailed
understanding of each of the attributes of the corporate accountants have been done
listing and detailed explanation. Moreover, the professional and academic qualifications
as depicted in the advertisements have been evaluated that has assisted in what the
employer are seeking from today’s account and how they measure their expertise and
eligibility criteria. The roles and tasks that have been learned in the unit have
significantly contributed in enhancing the accounting skills and requirement, which the
employers of Australia seeks. Nevertheless, some of the attributes are missing and not
fulfilled by the learning outcome of the unit and are gained while the individual in
working as an accountant.

QUALIFICATIONS AND EXPERIENCES THAT EMPLOYER SEEK FROM
CORPORATE ACCOUNTANTS
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