Corporate accounting is known as a special branch of accounting, which deals with the account department of an organization. The main responsibilities that have to be followed by a corporate accountant are preparing the financial accounts, statements of cash flow and analyzing along with elucidating the financial outcomes of the organization. Corporate accounting can be considered as helpful as it reveals the financial accounting of the organization for few particular events like absorption, preparation and amalgamation of the consolidated balance sheets. This report has been developed on the basis the various aspects of corporate accounting. In this case, the report has been intended to build a clear understanding of students on what qualifications plus experiences an employee searches from the Corporate Accountants. The assessment has been searched and selected a number of 30 job advertisements that are posted by the employers in the print plus electronic media. In this regard, the report helps to obtain a list of all those organizations those are posting their job vacancy in various designations of corporate accountant. The report helps the students to get a brief knowledge of the various skills and attributes of the corporate account and the prime responsibilities and roles, which they have to be followed by the corporate accountant. In addition, the report is significant as this shows various designation based on which the jobs application have to be selected. In this context, it has been found that a public company refers usually to an organization, which is allowed to offer its registered securities such as stock, bonds etc for sale to the public.
Corporate accounting can be considered as a special branch of accounting that deals with the account department of an organization. The prime initiatives, which has been taken by the corporate accounting are preparing the financial accounts, statements of cash flow and analyzing along with interpretation of the financial results of the organization (West, 2018). This can be considered as beneficial as it explains the financial accounting of the organization for few particular events such as absorption, preparation and amalgamation of the consolidated balance sheets. In this regard, it can be said that a public company refers usually to an organization, which is permitted to offer its registered securities such as stock, bonds etc for sale to the general public (Musbah et al., 2016). This assignment has been developed based on the different aspects of corporate accounting. In this case, the assessment has been aimed to develop a clear understanding of students on what qualifications and experiences employees look from the Corporate Accountants. The assessment has been searched and selected an important number of job advertisements, which are posted by the employers in the print plus electronic media. In this regard, the assessment will make the list of all those organization, who are posting their job vacancy in the different designations of corporate accountant. This will show the different skills and attributes of the corporate account and the prime roles and responsibilities that need to be followed by the corporate accountant. In addition, the assessment will reveal various designation based on which the jobs application have to be collected. Number of collected job advertisements and the sources, which is used in order to get those advertisements of job
In order to make this report, job applications of different organization has been collected. In this regard, it has been found that all of the job advertisements are selected based on the corporate accounting. Few designations, based on which these advertisement has been selected are ‘corporate accountant’, ‘corporate financial accountant’ ‘corporate and management accountant’ ‘senior accountant’, ‘tax accountant’, ‘senior financial accountant’ ‘corporate financial and management accountant’, ‘accountant corporate finance’ and ‘senior accountant’. The total number of job advertisement that has been selected for this report is 30. In this regard, several sources have been used to find the job advertisement of the above mentioned designation and few of them are Naukri.com, Shine.com, indeed.com, LinkedIn.
The above table has been developed to reveal the job titles for which the selected 30 organizations are advertising. A brief description of those job designations and their roles will be given below.
Corporate accountants specialized in the accounting of business and maintain the financial records to make sure compliancy with laws, regulations along with the policy of the organization (Windeck et al., 2015). Most of the job roles of corporate accountants is utilized internally for assisting executives to make the effective financial decisions for the organization. In addition it has been found that there are few more roles for the corporate accountant and those are budget preparation and auditing.
Corporate and Management Accountant looks after the accounts of the organization. One of the prime responsibilities of this position is to advise managers regarding the financial implications of business decisions in order to assist for development of the organization and increasing the profit (Jones et al., 2018). These types of accountants also prepare budgets, repots, financial statements and commentaries.
Senior accountant is one of the top designations in the finance industry. In this regard, this has been said that there are few vital roles of these people in the organization such as prepares along with records asset, revenue, expenses and liability (Greenwood and Freeman, 2018). All of these preparations have been done by the senior accountants with the help of analyzing plus compiling account information. Balances and maintains the subsidiary accounts are one of the major roles of them by allocating, verifying, transactions, resolving, posting and reconciling.
Tax accountants can be considered as the experts in finance industry those understand every government rules along with regulation, which determine the amount of money owed top federal, local or state agencies (Makarenko and Plastun, 2017).
A financial accountant can be considered as the responsible for operating the accounting along with financial activities of an organization. In this regard, it can be said that corporate financial accountant analyze the economic stability of the organization (Amilin, 2017). This has been found that a person with this job title needs to be provided the financial information to other departments and enable them to make budgeting.
List of all the personal attribute, which are needed from a corporate accountant and which has been mentioned in the advertisement of job. This needs to be collected with detail knowledge of every attributes.
There are five major attributes of the corporate accountant and those have been described and given below.