ANZSCO code 221112

Management Accountant

Description

Provides services relating to performance-based financial reporting, asset valuation, budgetary systems, cost management, pricing, forecasting and the strategic governance of organisations. Provides advice on financial planning, risk management, carbon sequestration projects and carbon pricing and provides management with reports to assist in decision-making. May provide insight into cost performance and support the implementation of benchmarking and quality improvement initiatives. Registration or licensing may be required.

Skill Level 1

Occupations at Skill Level 1 have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

• Assessing Authority
  • Certified Practising Accountants of Australia (CPAA)

memberservice@cpaaustralia.com.au

• Chartered Accountants Australia and New Zealand (CAANZ)

migration@charteredaccountantsanz.com

• Institute of Public Accountants (IPA)

headoffice@publicaccountants.org.au

• Alternative Titles

• Cost Accountant

Alternative titles are any commonly used alternative title (or titles) for the occupation. These alternative titles have the same meaning as the principal title but may be less commonly used. 

Specialisations

• Commercial Accountant
• Carbon Accountant
• Product Accountant

Specialisation titles are any commonly used titles which refer to a subset of jobs belonging to the occupation designated in the principal title. These jobs involve the performance of specialised tasks rather than the broader range of tasks usually performed in the occupation.

Unit Group 2211: Accountants

Description

Plan and provide accounting systems and services relating to taxation and the financial dealings of organisations and individuals, and advise on associated record-keeping and compliance requirements.

Indicative Skill Level

In Australia and New Zealand: Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1). Registration or licensing may be required. 

Tasks

• Assisting in formulating budgetary and accounting policies
• Preparing financial statements for presentation to boards of directors, management, shareholders, and governing and statutory bodies
• Conducting financial investigations, preparing reports, undertaking audits and advising on matters such as the purchase and sale of businesses, mergers, capital financing, suspected fraud, insolvency and taxation
• Examining operating costs and organisations’ income and expenditure
• Providing assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements
• Providing financial and taxation advice on business structures, plans and operations
• Preparing taxation returns for individuals and organisations
• Liaising with financial institutions and brokers to establish funds management arrangements
• Introducing and maintaining accounting systems, and advising on the selection and application of computer-based accounting systems
• Maintaining internal control systems
• May appraise cash flow and financial risk of capital investment projects