Answer To: Assignment Specifications Purpose: This assignment aims at developing a clear understanding of...
Sarabjeet answered on Sep 14 2021
Accounting
Accounting
Student Name
University Name
Unit Code
Unit Name
Unit ID
Contents
Solution 1 - 2 -
Solution 2 - 2 -
Solution 3 - 3 -
Solution 4 - 5 -
Solution 5 - 8 -
Solution 6 - 8 -
Solution 7 - 10 -
Solution 8 - 12 -
Solution 9 - 14 -
Solution 1
No. Of job advertisements collected in total and the no. Of job advertisements collected from each source.
6 job advertisements have been searched. 3 from each source (Jora and Indeed)
Solution 2
Names of the organisations posting the job advertisements and the industry breakdown of the organisations posting the job advertisements
2. Name of the Organization Industry
1. Armidale
Counselling
2. Dogdayz
Dog-boarding
3. CIMIC Group (CPB Contractors)
International contractor
4. Darling Downs Health
General hospital
5. CIMIC Group (Broad Construction)
International contractor
6. VIRTUAL BOOKKEEPER
Bookkeeping and operational support functions
7. K-State
University
8. University of California Los Angeles
University
9. University of New England
Education
10. Waste Management (WM), a Fortune 250 company
Waste Management
1. Hancock Natural Resource Group
Investment management services
2. AUB Group Limited
ASX listed
3. Karlka Recruiting Group
Debt collection
4. Moir Group
Online company
5. u&u. Recruitment Partners
Recruitment Partners
6. CPL - Choice, Passion, Life
Caring
7. Goodman Fielder
Food company
8. Michael Page Accounting & Finance
Homewares
9. Historic Houses Trust of New South Wales
Museums
10. Davidson Corporate
Recruitment
11. TMG Group
Investment
12. Sedgman Limited
Construction
13. BNP Paribas
Tax services
14. Sandvik
Mining and construction industry
15. Moore Stephens (WA) Pty Ltd
Accounting and advisory
16. Torque Recruitment
Financial Group
17. Perigon Group
Education company
18. Pitcher Partners Brisbane
Accountant
19. Lopaker
Digital Marketing Agency
20. Superior People Recruitment
Recruitment
Solution 3
Job Titles are:
Accountant, A person who records the financial processing of any organisation, i.e. an accountant has an imperative place in accountant plays a vital role in identifying the growth of the organisation. Verifiable, there exists endless back up of write ups explaining the job profile of accountants. During our previous sessions discussions we’re held stating the moral gauges or issues related to an accountant. An expert accountant delivers top notch standards of work and factual suggestions to the business visionaries. Accountants elevate the worth and credibility of the organisation by working in unison with the guidelines and standards issued by the government. Managing loans, payments, etc. and helping the organisation to manage the financial activities on time adds to the credibility of the organisation. As they view and review the financial matters of the business, they automatically come across the sections where the organisation needs to invest or where there is a need of cost cutting. Eventually, they also suggest the business about the latest technology which can be implemented in the system which would add towards smooth functioning of the organisation. In the while, an accountant is a power for an organisation.
Corporate Accountant, Corporate accountants represent considerable authority in business accounting and takes care of an organisation's financial mattersand confirms that it works in unison with guidelines and the firm's rules and regulations. A large part of it crafted by corporate accountants is deployed within the organisation to enable administrators to decide on money related decisions of the organisation.
Senior Accountant, "Crucial to each great business is an extraordinary lateral of business, who is the expert accountant." Considered by numerous individuals, in terms of any organisation, maintaining accounts in all the truth is a dubious definition. There exists numerous sorts of accounting each with its own accreditations and prerequisites. Three basic sorts of accountants are there
· Public book keeper/ accountant or CPA. This is an individual who works for a business operating in public sector. In public sector firm, the activity is to proceed to assess the working of an organization through reviewing fiscal reports.
· Corporate accountant- An accountant who works within an organisation to assesses the credit and worth of the organization through formation and investigation of the fiscal reports
Tax Accountant, In order to handle the money related affairs of the organisation professionally must appoint a tax accountant. These personnel are pretty aware of the guidelines issued for taxation and work accordingly to identify the transactions done and all financial proceedings. In addition to this, tax accountants also act as advisors to the organisation suggesting the firm about tax rebate measures, assets management, eradication of tax penalties, changes in tax laws, assistance in disputes arising legally, aids in auditing sessions, selection of apt taxation policy and so on. On the whole hiring a tax accountant is a wise choice for effective and profitable financial management of any organisation. Eventually, the organisation also gets trained to work with the tax rules and regulations.
Financial Accountant, These individuals are crucial part of any business who maintains records of financial transactions, including credit, debit, returns, records them, checks and forwards it to the next level of organisation for further processings. They segregate the accounts on the basis of category applicable for easy audit. Application of appropriate tax plans is also one of their duty.
Senior Financial Accountant, Individuals have to attain qualification to work as Senior financial accountants Let’s have a quick glance on the job profile of a senior financial accountant to identify whether this job is apt for any individual or not.Being a part of top management, senior work towards identification of the economic status of the business which provides data to be presented in annual reports. Any body who wishes to work as a financial accountant is required to be post graduate in financial accounting. In addition to this a work experience makes the resume even stronger. The major role of an financial accountant is to analyse the information and data provided by the organisation's accounts department.
Solution 4
All the personal attributes required from a corporate accountant that have been mentioned in the job advertisements collected:
Personal Attributes:
Conceptual Knowledge of Australian Accounting Standards: Knowledge of Accountancy, Corporate Finance, skills required for preparing reports, should be capable of working within timelines, can do in depth study of the results obtained from accounting, SFAS Rules, can maintain privacy, capable of managing accounting data, mathematical skills are essential.With the advancement of technology and digitisation the work culture for accountants is changing at a rapid pace. In order to adapt to these changes the education providers are required to impart knowledge of soft (or technical skills) to their accounting students so that they can get jobs in this technical world. This will eventually help them contribute to the revenue of the organisation. [1]. Why enhancement if skills is important is generatedin the International Accounting Education Standards Board (IAESB)’s 2015 release of International Education Standard (IES) 3 Initial Professional Development – Professional Skills. What reflected here is the level of professional skills required to perform the duties of an accountant. The skills are categorised into 4 types:based on mind set, interpersonal and communication, personal, and organisational.It illustrates the purpose, facts, concepts of accounting. The objective of the Conceptual Framework is to: (a) provide assistance to the Australian Accounting Standards Board (Board) to develop Australian Accounting Standards (Standards) that are based on...