Various Cost And Management Accounting Job Descriptions

Discuss about the Information Systems For Improved Performance.

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
	Cost Accountant	Industry	Preparation of factory operational budget/forecasts, planning, evaluating and verifying capital expenditure proposals. Provide analysis and commentary/interpretation to reporting, including variances to forecast and budget. Report daily and weekly site operational performance reports Analyse, evaluate and report the commercial viability of various Capital and CI business proposals, including recommendations Participate in process improvement projects, act as project business lead on key projects as required	6 Apr 2018	https://www.seek.com.au/job/35918878?type=standout&userqueryid=475d8deaaf30ba5abcb68d6883cfa470-8854664	Cost accountant
	Senior Management Accountant	Industry	Reporting to the head of the business, partnership through ensuring a well organised and controlled finance function and provide insightful analysis to improve business decision making, capturing and allocating costs. involves the production and management of the balance sheet, profit and loss statement, and management reporting in an accurate and timely manner, financial and corporate governance, whilst working as part of a small finance team..	6 Apr 2018	https://www.seek.com.au/job/35925156?type=standout&userqueryid=1c63d8cf5070aa44f1ed52ecb07eaa3f-9689275	Management Accounting
	Cost & Inventory Accountant	Industry	Seeking an accomplished and experienced cost/inventory accountant to join their accounting team on a temporary basis. Given the fast paced nature of the business this role is best suited to a hands-on, highly motivated and autonomous individual with a strong technical background who is available ASAP for a 3 to 4 month period.	3 Apr 2018	https://www.adzuna.com.au/details/803564039?v=2AA1CD92412B4C741A9E1396003BC4C7E02E3C20&se=yB6jiVYvS4Sv3KJk-ur1mg	Cost accountant
	Junior Management Accountant	industry	Weekly Sales Reports for all business units, the month end balance sheet reconciliations, preparing Financial and Management reports, planning and managing the audit process, preparation of draft annual statutory accounts, deliverables for the audit and liaison with auditors, Work closely with the Management Accountants on budgeting and forecasting for the business, Duties assigned to you by the Financial Controller	6 Apr 2018	https://www.adzuna.com.au/details/805221800?v=BEB623C11AD710B3401D5504B74C58A83D1F34B6&se=qASHlz1ZTG-x0V5wEqtBCQ	Management Accounting
	Manufacturing Accounting Administration	industry	· Cost Accounting and BOM preparation. · Data entry for accounting data such as payroll for staff. · Financial reconciliations With great communication skills and demonstrable experience in accounting, BoM`s and reconciliations.	29/3/2018	https://jobview.careerone.com.au/Manufacturing-Accounting-194654290.aspx	Cost Accountant
	SAP Management Accountant	Government	· Work within a leading NSW Government Department. 6 to 12 month temporary role, consolidated reporting at executive level with a budget management skill. Due to the nature of the organisation where will be a strong element of project accounting with multiple project cash flow reports and be able to provide guidance where required.	4/4/2018	https://jobview.careerone.com.au/SAP-Management-Accountant-194594697.aspx	Management accountant
	Cost Management Accountant	Government	Accounting provide services related to Financial reporting, taxation, auditing, insolvency, accounting information systems, budgeting, cost management, planning	16 March 2018	https://jobsearch.gov.au/job/view/details/2281503034?context=42943b3e-7474-4c20-9e37-5c3cee05726e	Cost Accounting
	Group Management Accountant	Government	Accounting provide services related to Financial reporting, taxation, auditing, insolvency, accounting information systems, budgeting, cost management, planning	30 March 2018	https://jobsearch.gov.au/job/view/details/2281614379?context=ae2e6d5f-d8ae-48ac-8fd6-46a191f6210b	Management Accounting
	Revenue and Cost Analyst	Government	As a Revenue and Cost Analyst develop and maintain a unique Activity Based Costing Model that supports an effective and efficient functioning of cost recovery arrangements. Statistical analysis to ensure that costing remains up to date and relevant and aligned to AFSA’s strategic vision. Facilitate a unique client experience through your engagement with both, internal and external stakeholders.	29 Mar 2018	https://www.apsjobs.gov.au/SearchedNoticesView.aspx?Notices=10722779%3A1&mn=JobSearch	Cost management
	Management Accountant	Government	To provide management, support and assistance to ensure timely and accurate processing of routine financial transactions, month end duties and maintenance of AFMA’s financial systems and processes. Associated with accounts payable, accounts receivable, credit card and treasury function. Management reporting and external budgeting/reporting, contracts and procurement.	2 Mar 2018	https://www.apsjobs.gov.au/SearchedNoticesView.aspx?Notices=10722335%3A1&mn=JobSearch	Management Accountant

No	Position title	Position requirement	Cost or management accounting criteria required or position	Alignment with learning outcomes of ACCT 6004
1.	Cost Accountant	Cash flow analysis and preparation, budget preparation	Budget analysis, valuation and performance analysis	· 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.	Senior Management Accountant	Reconciliation of financial statement and analysing the budget	3-5 years experience in associated field	· 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.	Cost & Inventory Accountant	Forecasting and reporting the budget analysis	High qualification level in cost 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.
4.	Junior Management Accountant	Re-forecast and budget analysis, business process report and data analysis	CA or CPA degree and excellent knowledge of Excel and ERP	· Apply management accounting techniques to calculate the cost of a range of cost objects as well as analyse costs. · Apply management information to planning, control and decision?making. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.
5.	Manufacturing Accounting Administration	Reviewing the actual and standard cost and analysis, preparation of the KPI manufacturing reports, management of the asset register	Knowledge of business process and previous experience of working in the manufacturing industry	· 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.	SAP Management Accountant	Monitoring the overhead budget, preparing the variance analysis	Knowledge of SAP, knowledge of forecasting and performance analysis	· 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 Management Accountant	Identifying and highlighting the key issues related to profitability, assisting the cost accountant in preparing the budget	High level knowledge regarding budgeting, forecasting and analysis	· 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	Group Management Accountant	Setting up project for the group and analysing the work done by the management accountant	Knowledge of advance excel, job costing, experience of management 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.
9.	Revenue and Cost Analyst	Preparation of cost accounting data and report, analysis of revenue and managing the cost associated with revenue	At least 3 years experience in same field, professional accounting degree like CPA or CA	· 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	Delivering analysis report on financial interpretation, financial performance analysis report and budget preparation.	Knowledge of ERP, advance knowledge of excel and high level educational degree.	· 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.

Various job sites used for the above mentioned cost accountant and management accountant posts are as follows –

seek.com.au
adzuna.com.au
jobview.careerone.com.au
jobsearch.gov.au
apsjobs.gov.au

Out of all the above mentioned jobs 5 jobs were found in government sector and rest 5 jobs were found in industry sector. Therefore, the jobs were equally found from government sector as well as industry sector (com.au, 2018).
Among the 10 jobs listed above 4 positions were related to cost accountant and rest 6 positions were for management accountant.
Most common requirements that were found for the above listed jobs were preparation and analysis of budget, forecasting of performance, analysis of performance and interpretation of results. They are also responsible for completing the costing related data that includes product pricing and costing analysis. Further, the most common requirement for the above posts were ability to prepare and analyse the budget and higher educational degree in relevant field (com.au, 2018).
Most common requirement for the post of cost and management accounting were preparation and analysis of budget, knowledge of ERP and excel and ability to interpret financial data. They shall also be able to prepare the performance report.

Cost and Managements kills that are common are–

For the positions the most common management and cost accounting skills that are needed includes the ability to conduct analytical calculations (LaviaLópez&Hiebl, 2014). In addition to that the individual engaged in the process must have the knowledge for technological processes and business fundamentals, and must possess a good communication skill.
The management accountant or the cost accountant must possess the above mentioned skills to perform his task efficiently (Boddy, McCalman, & Buchanan, 2018). They need the analytical skills to perform various financial and non-financial calculations of the business activities. The quality of having sound knowledge about the technological processes in order to take part in the business operations efficiently (Edmonds, et al., 2016). The additional skill of having a good communication helps in the interchange of the business information within the organization. Moreover the quality of having knowledge of the business

The less common cost and management accounting skills that are not required in all the business includes certain specific business technical knowledge that are not required for all the business (Boddy, McCalman, & Buchanan, 2018).
This can include knowledge for some specific software or technology that are needed to be used for a particular operation. The generally the business appoints other experts for operating these software; therefore the cost or the management accountant may not compulsorily need the skills to operate the same. Management accountant or cost accountants are employed for making the budget, performance analysis and reporting the same for financial planning.

The challenges that are faced by the management accountant

Management accountant are generally engaged for preparation of the budget, analysing performance and preparing performance report and preparing strategic financial planning. However, there are challenges faced that includes expert insights and issues of time frame. The expert insights refer to the specific technical knowhow that are required for conducting specific responsibilities, absence of this knowledge leads to a challenge for them. The additional challenge that is the issue of time frame refers to the time constrains that the accountant faces in their operations (Boddy, McCalman, & Buchanan, 2018).

The topic that are covered in ACCT 6007 are as follows:

Identifying and analysing the obtained data
To evaluate the organisational ethical complexities
To apply the various techniques of cost accounting process and analyse the data that are cost related (EXAM-BUAD, 2014)
Enhancement of the managerial decision making skills with the help of evaluating the various financial and non-financial data obtained from the business operations.
The roles and responsibilities of the management accountant along with its importance.

The skills and knowledge that are required for the position of cost and management positions and are not covered by the ACCT 604 includes the various cost allocation methods of various specific products during the manufacturing process. The information regarding the same would help in making the process of management accounting orcost accounting smooth and enhance its effectiveness (Chenhall, & Moers, 2015). This also helps in making various crucial strategic decisions. Therefore, the topics of cost allocation are needed to be covered in the ACCT 6004 topics so that the issue each product having different process of cost allocation can be overcome efficiently.

Reference

Boddy, D., McCalman, J., & Buchanan, D. A. (Eds.). (2018). The new management challenge: Information systems for improved performance. Routledge

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

Chenhall, R. H., & Moers, F. (2015). The role of innovation in the evolution of management accounting and its integration into management control. Accounting, Organizations and Society, 47, 1-13.

Edmonds, T. P., Edmonds, C. D., Tsay, B. Y., & Olds, P. R. (2016). Fundamental managerial accounting concepts. McGraw-Hill Education.

EXAM-BUAD, C. O. M. P. (2014). ACCT Accounting.

LaviaLópez, 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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