Job Openings For Management And Cost Accountants

Discuss about the Risk Management Into Financial Planning Process.

No	Position title	Sector Industry or government Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	Position description	Date listed	Website address	Search words or phrases
1	Management accountant	Private	Budgeting /cash flow	13 Mar 2018	www.seek.com.au	Management accountant
2	Management accountant	Private	Balance sheet reconciliation/pay roll management	03 Apr 2018	www.careerone.com.au	Management accountant
3	Management accountant/analyst	Private	Reporting budgeting and forecasting to financial manager	30 Apr 2018	www.careerone.com.au	Management accountant
4	Management accountant	Private	· Budget /re-forecast and projections for program activities · Acquittal reporting · Business process improvements	23 Mar 2018	www.seek.com.au	Management accountant
5	Management accountant/FMCG	Private	1 Costing all products and analysis 2 Review standard and actual costs for inaccuracies 3 Maintenance and preparation of 4Manufacturing KPI reports 5 Management of fixed asset register	12 Mar 2018	www.seek.com.au	Cost accounting
6	Cost accounting	Private	· Monitor overhead budgets and support operation managers to ensure their costing is accurate. · Perform costings for new and current products and services · Prepare variance and cost reports on overheads, labour and materials · Assist operation managers with their annual budgeting and forecasting	23 Mar 2018	www.seek.com.au	Management accounting and budgeting
7	Cost controller	Private	· Identify and highlight key project profitability issues to project manager · Estimate costs for the delivery of projects / programs · Assist cost account in budget preparation · Perform analysis to verify savings from opportunities identified	08 Apr 2018	www.seek.com.au	Cost accounting
8	Cost controller	Private	· Set up and maintain Project(s) Cost System using Microsoft Excel and accounting reports generated from MYOB and Navision · Producing weekly cost reports and advise of any forecast cost overruns or savings promptly to allow corrective actions to be taken in a timely manner or capital to be returned · Maintain comprehensive registers of financial approvals, variations and change orders	04 Apr 18	www.seek.com.au	Cost accounting
9	Manufacturing accountant	Private	· Cost Accounting and BOM preparation · Data entry for accounting data such as payroll for staff · Financial reconciliations	23 Mar 2018	www.seek.com.au	Cost accounting
10	Cost accountant- Vic	Private	· Assist in the preparation of factory operational budget/forecasts · Assist in planning, evaluate and verify capital expenditure proposals · Provide analysis and commentary/interpretation to reporting, including variances to forecast and budget · Report daily and weekly site operational performance reports · Complete product costing information, including New Product Innovation requirements	06 Apr 2018	www.seek.com.au	Cost accounting

No	Position title	Position requirement	Cost or management accounting criteria required or position	Alignment with learning outcomes of ACCT 6004
1.	Management accountant	Budgeting /cash flow	Valuation, analysis, budgetary system	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making.
2.	Management Accountant	Balance sheet reconciliation/pay roll management	High level qualification in management accounting	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.
3.	Management accountant / Analyst	Reporting budgeting and forecasting to financial manager	Must have 3-5 years experienced in same type of role for managemnet accountant.	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.
4.	Management accountant	· Budget /re-forecast and projections for program activities · Acquittal reporting · Business process improvements	Exposure to ERP system, CA/CPA qualified and excellent knowledge over excel	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.
5.	Management accountant / FMCG	· Costing all products and analysis · Review standard and actual costs for inaccuracies · Maintenance and preparation of Manufacturing KPI reports · Management of fixed asset register	Strong knowledge base for assurance processes and procedures. Developed skills organizational sector	· Identify and analyse ethical and organisational issues confronting contemporary management accountants · Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.
6.	Cost accountant	· Monitor overhead budgets and support operation managers to ensure their costing is accurate. · Perform costing for new and current products and services · Prepare variance and cost reports on overheads, labour and materials · Assist operation managers with their annual budgeting and forecasting	Able to provide pro-active, accurate, financial advice to management to support in business growth and meeting legal requirements	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making
7.	Cost accountant / controller	· Identify and highlight key project profitability issues to project manager · Estimate costs for the delivery of projects / programs · Assist cost account in budget preparation · Perform analysis to verify savings from opportunities identified	Good knowledge base regarding forecasting, reporting and budgeting platform	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making
8	Cost accountant / controller	· Set up and maintain Project(s) Cost System using Microsoft Excel and accounting reports generated from MYOB and Navision · Producing weekly cost reports and advise of any forecast cost overruns or savings promptly to allow corrective actions to be taken in a timely manner or capital to be returned · Maintain comprehensive registers of financial approvals, variations and change orders	Experience of job costing, Advanced knowledge of excel, accounting or business degree and management accounting experience	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making.
9.	Management accountant / Manufacture	· Cost Accounting and BOM preparation · Data entry for accounting data such as payroll for staff · Financial reconciliations	Must have at least 3 years experience and will be responsible for professional designation in accounting. Further, applicant shall be a qualified CPA/CA shall have experience in manufacturing organization.	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making.
10	Management accountant	· Assist in the preparation of factory operational budget/forecasts · Assist in planning, evaluate and verify capital expenditure proposals · Provide analysis and commentary/interpretation to reporting, including variances to forecast and budget · Report daily and weekly site operational performance reports · Complete product costing information, including New Product Innovation requirements	Exposure to ERP system, excellent knowledge over excel, CA/CPA qualified	· Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions. · Apply cost accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply cost information to planning, control and decision?making.

Different job sites searched for the above mentioned posts are –

seek.com.au
careerone.com.au

All the above mentioned posts were found in private sectors. Therefore no posts were found in government sector.
Out of all the searched and listed positions above 6 positions were for management accountant and rest 4 positions were for cost accountant. Thus maximum positions were found were for the post of management accountant.
The most common requirement for the above listed positions were Assist in the preparation of factory operational budget/forecasts, assist in planning, evaluate and verify capital expenditure proposals, provide analysis and commentary/interpretation to reporting, including variances to forecast and budget, report daily and weekly site operational performance reports, complete product costing information, including New Product Innovation requirements. The most common selection criteria were the degree and education in the cost and management accounting field (com.au, 2018).
Common cost and management accounting requirements were ability to prepare budget, prepare performance and analysis report, recognized degree in management or cist accounting like CA or CPA. The person shall also be able to Identify and highlight key project profitability issues to project manager, Estimate costs for the delivery of projects / programs assist cost account in budget preparation and perform analysis to verify savings from opportunities identified (com.au, 2018).

Cost and Management Accounting is a special part of accounting process which deals with an important aspect of business such as costs, management reports (Hilton & Platt, 2013). The various aspects which should be present in an individual who is applying for the position are given below:

The most basic requirement for the position is that the individual has appropriate knowledge and competencies of the individual in order ton establish if the individual is fit for the job or not.
In addition to this, another requirement for an individual is to possess necessary analytical skills which are used by management and cost accounts on day to day basis. The person should also know how to prepare budgets and also analyze the same budget (Alviniussen & Jankensgard, 2015). On the basis of such budgets various important decisions are taken by management.
In addition to this, the cost and management accounting requires proper understanding of the financial framework and the different categories of costs which might vary from business to business as per the nature of the company.

The less common knowledge required for the application of cost and management positions are:

The requirement for tax knowledge for the position of cost and management professionals are least common as management and cost professionals are responsible for maintain their respective domains and tax management comes under different purview itself. Moreover, individuals need to have special knowledge in tax provisions for any position in tax department. Therefore, the skills which management and cost personnel should have knowledge of their fields, analytical powers, clear interpretation of the financial statement (Fullerton, Kennedy & Widener, 2013).

Management accounting professionals are associated with mostly internal functions and preparation a report of management which can be used for decision making process. The various problems which are faced by the management in case of management accounting are discussed below:

Management and cost personnel are responsible for effective representation and preparation of different types of budgets which if incorrectly estimated can affect the entire decision-making process and in addition to this there is always a question on the accuracy of the estimation process of judgments (DRURY, 2013).
The job of a management accountant or cost accountant is to collect various data which can be used to incorporate the report of the company. This is a hectic process and therefore the management accounting should be kept separate from financial accounting (Lavia López & Hiebl, 2014).

The topics which are covered in ACCT 6004 and which were learned while following this assignment are given below in point form:

Recognizing and analyzing the data which are available to cost and management accounting professionals
Identifying and analyzing the ethical issues which are face in an organization
Application of various techniques of cost accounting to evaluate, calculate and ascertain a particular cost of the business.
Interpretation of the financial information which are present in the financial statement for the purpose of taking managerial decisions on the basis of the same.
Explaining the significance of management accounting in an organization and the role management and cost accounting process plays in the overall development of the business.

As per my opinion, the topics which were covered in ACCT 6004 did not cover the basic concepts which are used in management accounting as the technical base is very important which ACCT 6004 missed out. In addition to this, for every indirect cost, allocation of costs is very important which is not covered in ACCT 6004. These are the important topics which should have been included in ACCT 6004 for better understanding and also a systematic understanding at the same time.

Reference

Alviniussen, A., &Jankensgard, H. (2015). Enterprise risk budgeting: bringing risk management into the financial planning process.

Careerone.com.au. (2018). Job Search, Upload your Resume, Find employment – CareerOne. [online] Available at: https://www.careerone.com.au/ [Accessed 4 May 2018].

DRURY, C. M. (2013). Management and cost accounting. Springer.

Fullerton, R. R., Kennedy, F. A., & Widener, S. K. (2013). Management accounting and control practices in a lean manufacturing environment. Accounting, Organizations and Society, 38(1), 50-71.

Hilton, R. W., & Platt, D. E. (2013). Managerial accounting: creating value in a dynamic business environment. McGraw-Hill Education.

Lavia López, O., &Hiebl, M. R. (2014). Management accounting in small and medium-sized enterprises: current knowledge and avenues for further research. Journal of Management Accounting Research, 27(1), 81-119.

Seek.com.au. (2018). [online] Available at: https://www.seek.com.au/browser-upgrade/?continue=%2F [Accessed 4 May 2018].

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