Part 1: 200 words – 10 marks 1) Summarise the positions in the following areas • The job websites where your positions are found • The common sectors (industry or government organisations ) of the...

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Part 1: 200 words – 10 marks



1) Summarise the positions in the following areas



• The job websites where your positions are found



• The common sectors (industry or government
organisations) of the positions



• Whether the positions are classified as ‘cost accountants’, ‘management accountants’, or other classifications (if so, what are these classifications?)



• The common requirements, selection criteria, responsibilities, and other detail of the positions



• The common requirements, selection criteria, responsibilities, and other detail, which relate to cost and management accounting knowledge and skills



Part 2: 600 words – 40 marks



2)



• Describe the most common cost and management accounting skills and knowledge required for the positions.



• Discuss why these knowledge and skills are required. You are expected to explain and justify your own opinions. You may refer to extra sources of references to support your arguments.



3)



• Identify the less common cost and management accounting skills and knowledge required for the positions.



• Discuss why these knowledge and skills are not as highly sought as those in Part 2 (2) above. You are expected to explain and justify your own opinions. You may refer to extra sources of references to support your arguments.



4) Draw practical implications from your research findings: Apart from cost and management accounting knowledge and skills, identify and explain any challenge(s) facing management accountants.



5) Explain and elaborate the alignments you have provided in
last column
of Table 2:



• What are the specific topics that you have
learnt
in ACCT 6004, which have helped you align the cost and management accounting knowledge and skills of the positions with the learning outcomes of ACCT 6004?




• To what extent do you think the subject learning outcomes are aligned
to
job requirements?




6) Reflect on your research:




• What cost and management accounting knowledge and skills required for the positions but not taught in ACCT 6004?




• Do you think
these knowledge
and skills should, or should not, be covered in this subject ACCT 6004? Why?

Answered Same DayNov 28, 2019ACCT6004Torrens University Australia

Answer To: Part 1: 200 words – 10 marks 1) Summarise the positions in the following areas • The job websites...

David answered on Dec 27 2019
104 Votes
26510.doc
Running Head: Analysis Management Accounting Jobs
Student name:
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Date Submitted:
Part-1
        No.
        Position Title
        Sector (if available) Industry or Government
        Position
Description
        Date Listed
        Website Address
        Search Word(s) or Phrases
        1
        Management Accountant
        Accounting
        • Assisting in the development and preparation of detailed budgets, forecasts and enhancement to ensure that financial resources are adequate for service delivery needs
• Developing financial models and tools and participating in projects to improve the capacity of the organization to measure, improve and report on its financial performance
• Overseeing the conduct of month end/year end accounting activities including reconciliations, accounting adjustments, general ledger and the completion of reporting templates
• Partner with business finance areas and financial planning team to continuously improve the rep
orting framework.
        10th Nov 2017
        www.seek.com.au
        Management Accountant
        2
        Senior Management Accountant
        Accounting
        • Providing financial and taxation advice on business structures, plans and operations;
• Preparation of balance sheet, profit and loss, variance reporting and other reports as required
•Preparation and analysis of management income and expenditure reports;
• Preparation of annual budgets, and ongoing forecasts;
        10th Nov 2017
        www.seek.com.au
        Management Accountant
        3
        Management Accountant
        Accounting
        • Preparation of monthly management accounts;
• Preparation of monthly general ledger reconciliations;
• Maintaining Fixed Asset Register
• Preparation of annual financial accounts;
• Cash flow forecasting
• Assisting with budgeting process, including capex;
        2nd Nov 2017
        www.seek.com.au
        Management Accountant
        4
        Cost Accountant
        Accounting
        • Day to day processing of Accounts Payable, matching invoices and approving payment
• Liaising with production to determine accurate cost of goods, taking into account labour costs, cu
ency fluctuation and profit margins
• Analyse and report on manufacturing variances and defe
als in line with global best practice
        2nd Nov 2017
        www.seek.com.au
        Cost Accountant
        5
        Management Accountant
        Accounting
        Reporting to the Group Financial Controller, this Management Accountant will be responsible for a wide a
ay of duties ranging from management reporting, process improvement as well as business stakeholder management.
        10th Nov 2017
        www.seek.com.au
        Management Accountant
        6
        Management Accountant
        Accounting
        • Liasing with our external accountants to provide statutory reporting and compliance
• Preparation of timely, accurate monthly management reports to drive the business
• Managing a small accounts team and working with associated business administration team
• Day to day control of the administration process including stock, debtors, creditors, payroll, insurance and tax compliance.
        10th Nov 2017
        www.seek.com.au
        Management Accountant
        7
        Management Accountant
        Accounting
        The role is to prepare financial reports; budgeting; financial investigations; corporate advice and consulting etc.
        25th Oct 2017
        www.jobsearch.gov.au
        Management Accountant
        8
        Management Accountant
        Accounting
        • Management of cost accounting / BOMs (Bill of materials)
• Review costs continuously
• Weekly and monthly sales reporting
• Preparation of the annual budget and forecasts
• Preparation of the monthly management reporting pack and ad-hoc analysis
        10th Nov 2017
        www.jobview.careerone.com.au
        Management Accountant
        9
        Management Accountant
        Accounting
        • Assist with preparation annual budgets and forecasting; • Prepare financial and accounting reports for management;
• Perform in-depth financial modelling to support reporting;
• Provide in-depth analysis of the financial performance of your designated business unit;
        9th Nov 2017
        www.seek.com.au
        Management Accountant
        10
        Senior Management Accountant
        Accounting
        • Month-end accounting duties • Forecasting and commercial analysis of projects • P&L analysis and balance sheet reconciliations • Finance and business analysis • Decision support to the CFO, Commercial managers and business units
        9th Nov 2017
        www.seek.com.au
        Management Accountant
Part-2
        No.
        Position Title
        Position Requirements (selection criteria, responsibilities, etc.)
        Cost and Management Accounting Criteria Required for Position
        Alignment with Learning Outcomes of ACCT 6004
        1
        Management Accountant
        • CA/CPA/CIMA qualified or near completion. • Excellent analytical and business partnering skills with experiences in management reporting and budgeting and forecasting. • Great ve
al and written communication skills and ability to work well within a team environment.
        • Assisting in the development and preparation of detailed budgets, forecasts and enhancement to ensure that financial resources are adequate for service delivery needs
• Developing financial models and tools and participating in projects to improve the capacity of the organization to measure, improve and report on its financial performance
• Overseeing the conduct of month end/year end accounting activities including reconciliations, accounting adjustments, general ledger and the completion of reporting templates
• Partner with business finance areas and financial planning team to continuously improve the reporting framework.
        Yes
        2
        Senior Management Accountant
        • Tertiary qualifications in accounting, finance or similar; • CA/CPA qualification; • Proven experience as a management accountant, financial controller or CFO for a small business; • Exposure to Trust or Investment structures will be advantageous;
        • Providing financial and taxation advice on business structures, plans and operations;
• Preparation of balance sheet, profit and loss, variance reporting and other reports as required
•Preparation and analysis of management income and expenditure reports;
• Preparation of annual budgets, and ongoing forecasts;
        Yes
        3
        Management Accountant
        • A degree in Commerce and/or Accounting. • Completed or Studying towards CA/CPA Qualification
        • Preparation of monthly management accounts;
• Preparation of monthly general ledger reconciliations;
• Maintaining Fixed Asset Registe
• Preparation of annual financial accounts;
• Cash flow forecasting
• Assisting with budgeting process, including capex;
        Yes
        4
        Cost Accountant
        • Hold a Bachelor of Accounting or related qualification, backed by at least 4 years practical experience as a Cost Accountant • Demonstrate a thorough knowledge of Australian accounting standards and industry best practice, ideally in a manufacturing / distribution environment • Have exceptional eye for detail and the ability to communicate effectively across departments
        • Day to day processing of Accounts Payable, matching invoices and approving payment
• Liaising with production to determine accurate cost of goods, taking into account labour costs, cu
ency fluctuation and profit margins
• Analyse and report on manufacturing variances and defe
als in line with global best practice
        Yes
        5
        Management Accountant
        • A degree in Commerce and/or Accounting. • Completed or Studying towards CA/CPA Qualification
        Reporting to the Group Financial Controller, this Management Accountant will be responsible for a wide a
ay of duties ranging from management reporting, process improvement as well as business stakeholder management.
        Yes
        6
        Management Accountant
        Hold a Bachelor of Accounting or related qualification, backed by at least 5 years practical experience as a Management Accountant
        • Liasing with our external accountants to provide statutory reporting and compliance
• Preparation of timely, accurate monthly management reports to drive the business
• Managing a small accounts team and working with associated business administration team
• Day to day control of the administration process including stock, debtors, creditors, payroll, insurance and tax compliance.
        Yes
        7
        Management Accountant
        Must have a bachelor’s degree in accounting, relevant experience, strong communication skills, strong eye for detail, sound problem solving skills, capable of working autonomously, and passion for first rate service.
        The role is to prepare financial reports; budgeting; financial investigations; corporate advice and consulting etc.
        Yes
        8
        Management Accountant
        The ideal candidate will be degree qualified and have a post graduate qualification in a CPA or CA or working towards one. You will have strong Management Accounting and Analysis experience and willing to relocate to Darwin. You will have excellent communication skills and stakeholder management capabilities and be very capable liaising with operations.
        • Management of cost accounting / BOMs (Bill of materials)
• Review costs continuously
• Weekly and monthly sales reporting
• Preparation of the annual budget and forecasts
• Preparation of the monthly management reporting pack and ad-hoc analysis
        Yes
        9
        Management Accountant
        
        • Assist with preparation annual budgets and forecasting; • Prepare financial and accounting reports for management;
• Perform in-depth financial modelling to support reporting;
• Provide in-depth analysis of the financial performance of your designated business unit;
        Yes
        10
        Senior Management...
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