Acct6004 Management Accounting-Cost And Management Assessment Answers

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.

Cost Accountant

· Gaining a CA / CPA qualification (nearing completion).

· Experience in a Manufacturing or FMCG industry is essential (not negotiable).

· Strong technical accounting skills.

· The ability to take ownership and roll up your sleeves.

· The ability to interpret accounting and reporting requirements.

Work with an Australian leader , Complex Hands On Role, Factory & Site support - Manufacturing

Learning outcome 1 has been in line with the understanding about the roles and responsibilities of the management accountant in the job position.

2.

Senior Cost Accountant

· Qualified Accountant with minimum 5 years’ experience including budgeting, external reporting, cost accounting, internal management reporting, or asset accounting

· Proficient within SAP Business One is ideal but not essential

· Membership CA/CPA/CIMA (Will consider part qualification depending on experience)

· 

· Understand and maintain master data to analyze and integrate it within Financial and Performance reporting

· Maintain the standard cost and bill of material in SAP Business One

· Provide analytical support for management reporting including profit and loss accounts, monthly management accounts, variance analysis and commentaries

· Prepare annual budget and periodic rolling forecast

· 

Learning outcome 1 has been achieved as the nature and importance of the management accountancy job position has been explained with the responsibilities of the management accountant in the company.

3.

Activity Based Costing (NDIS)

· Commercially minded Analyst is required to build multiple costing models for each of the business' different programs. 

· activity based costing expert to support the management team with these changes to their funding allocations

· Advanced costing skills, ideally within a complicated services environment.

· Exceptional communication skills and stakeholder management

· Commercially minded Analyst is required to build multiple costing models for each of the business' different programs

Learning outcome 1 has been fulfilled because of complete description of the desired requirements of the company for the job position of management accountant.

4.

ACCOUNTS TRAINEE

· Currently studying Accounts or recently qualified

· Clearly displayed accounting skills, either from subject results or previous work experience

· Genuine interest in progressing within an accounts environment

· Fluent English written & verbal skills

· Advanced Word and Excel skills

· Ability to work within timeframes and meet deadlines

· Ability to communicate clearly and confidently with managers and staff at all levels

· 

· Cost/process new and used motor vehicle deals

· Process dealer swaps and arrange new vehicle floor-plan pay outs

· Reconcile general ledger accounts

· Assist team members with various accounts functions

· 

Learning outcome has been attained as there is a complete description about the job roles and responsibilities of the management accountant which explains the nature and importance of the management accountant in the organization.

5.

Business Analyst

· Experienced Management Accountant or Business Analyst, and must have experience using SQL.

· Experience in Mining Services, OG Services or Logistics will be highly regarded.

·

· 

· Engage internal stakeholders across the business in preparation of Group's budgets, financial forecasts and commercial analysis;

· Regular management reporting with associated analysis;

· Assist with the implementation, and operation of internal finance processes, procedures, and controls;

· Drive continuous internal process improvement;

· Assist with monthly, half-year and annual financial and management reporting;

· Assist with month end management accounting

· Assist on strategic projects by providing financial insights and analysis

Learning outcome 1 has been achieved as the nature and importance of the management accountancy job position has been explained with the responsibilities of the management accountant in the company.

6.

Management Accountant

CA/CPA qualified, have experience with using TM1 and demonstrate advanced excel skills

· Preparation of the monthly management reports, continual analysis, budget preparation and review.

· manage the month end process and ensure continual review and improvement

· prepare and manage cash flow projections and report actual and anomalies

Learning outcome 1 has been fulfilled because of complete description of the desired requirements of the company for the job position of management accountant.

7.

Management Accountant

Highly motivated CA/CPA Accounting professional with a minimum of 5+ years post qualification. A Big 4 or Mid-Tier foundation with commercial experience would be highly desirable. You will be extremely strong interpersonally and enjoying speaking and engaging with external stakeholders. Strong experience working with Excel is essential to be successful in the role.

· Preparing the monthly management accounts and reports
Analysis of budgets and providing variance analysis 
- Completion of reconciliations and the full budgeting process
- Liaising with external stakeholders 
- Present budgets and forecasts to executive management at monthly meetings 
- Partnering with business unit managers in relation to budgeting and forecasting
- Processing month end
- Accruals
- Overseeing the transactional function and managing any queries and issues 
- Involvement in financial systems implementations/upgrade

Learning outcome 1 has been in line with the understanding about the roles and responsibilities of the management accountant in the job position.

8.

Analyst

· Big 4/ Top tier background preferred, ideally CA qualified but will consider CPA 

· Prior experience in a technical role within the commercial environment will be preferred

· Excellent communication and interpersonal skills due to the constant engagement with internal and external stakeholders 

· Exposure to Concur, Commbiz and SAP would be advantageous 

· 

· Monitor daily cash balances 

· Facilitate cash approvals and payments 

· Prepare monthly/ weekly/ Treasury Reports for the group 

· Develop relationships with key bank contacts 

· Prepare the daily cash projection for each month and track performance 

· Assist the FP&A Manager in reviewing business unit submissions 

· Ad-hoc reporting & analysis 

· 

Learning outcome 1 has been fulfilled because of complete description of the desired requirements of the company for the job position of management accountant.

9.

Analyst

· Big 4/ Top tier background preferred, ideally CA qualified but will consider CPA 

· Prior experience in a technical role within the commercial environment will be preferred

· Excellent communication and interpersonal skills due to the constant engagement with internal and external stakeholders 

· Exposure to Concur, Commbiz and SAP would be advantageous 

· Monitor daily cash balances 

· Facilitate cash approvals and payments 

· Prepare monthly/ weekly/ Treasury Reports for the group 

· Develop relationships with key bank contacts 

· Prepare the daily cash projection for each month and track performance 

· Assist the FP&A Manager in reviewing business unit submissions 

· Ad-hoc reporting & analysis

· 

Learning outcome 1 has been achieved as the nature and importance of the management accountancy job position has been explained with the responsibilities of the management accountant in the company.

10.

Assistant Management Accountant

· Be degree qualified in commerce and/or accounting

· Be part or fully qualified CA/CPA

· 1-2 years experience within the manufacturing industry or an accounting firm

· Strong ERP system experience

· Solid understanding of financial accounting standards and processes

· Have outstanding written, verbal and interpersonal communication skills

· Assisting with the budgeting and forecasting process

· Assist with management reporting and variance analysis

· Assist in the preparation of statutory reporting

· Liaising with various key stakeholders within the organization

· Assisting in ad hoc reporting and project work

Learning outcome 1 has been fulfilled because of complete description of the desired requirements of the company for the job position of management accountant.

11.

Commercial Specialist

· Excellent communicator who is passionate about driving cost management and supporting leaders across the business;

· Bachelors Degree Commerce / Accounting;

· CGMA, CA or CPA qualified;

· Proven experience using SAP;

· Advanced Excel and PowerPoint skills including waterfall charts, pivot tables and complex formulas;

· 5+ years’ experience in management accounting role; and

· Previous experience in Mining or related Heavy Industry.

· Facilitating cost control at site through leading preparation of five year budget costs, monthly forecasts and end-of-month actual results. This includes analysis of variances in budget, forecast and actual results, in conjunction with provision of departmental cost reports to ensure active management of site costs;

· Developing financial models to complete cost models and data analysis to determine most cost effective mine options, and to identify areas of opportunity;

· Managing local accounts payable activities through supervision of the Moorvale SAP Officer;

· Review and delivery of the monthly reporting pack (including analysis of income statement, cash flow, working capital and capital costs);

· Utilising financial and business systems to accurately monitor site performance against plan objectives and KPI's;

· Ensure compliance with statutory and internal obligations, including SOX and internal policies. This involves liaising with internal and external audit teams, and driving implementation of audit recommendations;

· Development and mentoring of the SAP Officer and Complex Business Analyst;

Learning outcome has been attained as there is a complete description about the job roles and responsibilities of the management accountant which explains the nature and importance of the management accountant in the organization.

12.

· Strong analytical, modelling and communication skills will be combined with recent FMCG or retail sector experience. Formally CA / CPA qualified you will enjoy working with a dynamic organization in a project lead role in a rapidly expanding organization.

· Working closely with both sales and marketing teams, you will be analyzing current performance, future performance and assessing business direction. You will be required to undertake thorough financial analysis, valuation and risk assessments including reviewing and developing financial model as well as working on a variety of ad-ho projects, which will give you a broader understanding of the industry

Learning outcome 1 has been achieved as the nature and importance of the management accountancy job position has been explained with the responsibilities of the management accountant in the company.

13.

Management Accountant

· Proactive CA/CPA who is seeking an opportunity to further their career in a substantial and dynamic commercial organization. 

· extensive financial reporting experience coupled with analytical skills, ideally gained in another substantial commercial business

· Interpersonal and communication skills that will enable you to foster strong working relationships within a successful and dynamic commercially oriented team.

· Strong Excel and TM1 is preferred and will enable you to add value through decision support.

· Month end financial reporting

· Variance / trend analysis

· Budgeting

· Forecasting

· Financial modeling

· Providing financial analysis support to a broad range of stakeholders

Learning outcome has been attained as there is a complete description about the job roles and responsibilities of the management accountant which explains the nature and importance of the management accountant in the organization.

14.

Business Analyst

· Experienced Management Accountant or Business Analyst, and must have experience using SQL. Experience in Mining Services, OG Services or Logistics will be highly regarded.

· Engage internal stakeholders across the business in preparation of Group's budgets, financial forecasts and commercial analysis;

· Regular management reporting with associated analysis;

· Assist with the implementation, and operation of internal finance processes, procedures, and controls;

· Drive continuous internal process improvement;

· Assist with monthly, half-year and annual financial and management reporting;

· Assist with month end management accounting

· Assist on strategic projects by providing financial insights and analysis

Learning outcome 1 has been in line with the understanding about the roles and responsibilities of the management accountant in the job position.

15.

Finance Manager

· Significant experience in a similar role within the Property Industry. You should have strong Excel skills, high attention to detail and have the ability to build robust client relationships. CA/CPA qualification is preferred. Previous exposure to MRI will be considered advantageous, as will possessing measured ambition to expand the role with the growth of the Portfolio.

· Preparation of monthly, quarterly and annual financial reports including, preparation of the accounts, balance sheet reconciliations, journal processing, financial modeling, Client system uploads, budget variance analysis, amortization of lease incentives and any other reporting requirements

· Liaise with and provide support and guidance to site teams and other internal stakeholders in relation to the financial and management reporting requirements

· Collaboration with internal and client stakeholders to amend, review and finalize the reporting packs including the financial and other data and analysis and commentary contained within

· Ensuring all reporting is presented accurately and in accordance with accounting standards

Learning outcome has been attained as there is a complete description about the job roles and responsibilities of the management accountant which explains the nature and importance of the management accountant in the organization.

16.

Senior Financial Accountant

· CA/CIMA or CPA qualifications and excellent attention to details

· Reporting to the Director of Finance, you will oversee four direct reports and ensure the integrity of the Group balance sheet ensuring accurate and timely information is provided to the executive team and global shareholders. Working with the finance leaders you will prepare the month reporting pack and ensure information is accurate and provided on time. Statutory accounting, compliance and audit responsibilities and provide recommendations on process improvements and work to high standards.

Learning outcome 1 has been fulfilled because of complete description of the desired requirements of the company for the job position of management accountant.

17.

Management Accountant

· CPA/CA qualified (or near) with a minimum of 3 years experience in a similar role. You should understand Business Information Systems and should have experience using an ERP system. Possess intermediate to advanced Excel skills. 

·

· 

· Providing detailed reporting and analysis to assist with decision making

· Preparing and monitoring budgets and forecasts

· Developing KPI's to track and report on business performance

· Developing policies and procedures

· Using BI tools to improve reporting of data

· Variance analysis

· Reporting on Capex

· Management of fixed assets

· Supervising a small team

Learning outcome 1 has been achieved as the nature and importance of the management accountancy job position has been explained with the responsibilities of the management accountant in the company.

18.

Management Accountant

· CPA/CA qualified (or near) with a minimum of 3 years experience in a similar role. You will possess intermediate to advanced Excel skills

· Providing detailed reporting and analysis to assist with decision making

· Preparing and monitoring budgets and forecasts and reforecast

· Developing KPI's to track and report on business performance

· Actual vs Budgeted comparison

· Cash flow management

· Variance analysis

· Reporting on Capex

· Management of fixed assets

· Provide cover for financial accountant as needed.

· 

Learning outcome has been attained as there is a complete description about the job roles and responsibilities of the management accountant which explains the nature and importance of the management accountant in the organization.

19.

Management Accountant

· -No information-

· Experience in Management Accounting and will be strong in management reporting, procedural writing and analysis. An exposure to contracts admin or procurement would be good.

Learning outcome has been attained as there is a complete description about the job roles and responsibilities of the management accountant which explains the nature and importance of the management accountant in the organization.

20.

Senior Management Accountant

· Background from the Retirement Living/Villages sector. A strong understanding around the accounting standards relating to this industry and how it affects reporting would be seen as an advantage. You must possess strong financial analysis, budgeting & forecasting, modeling and reporting experience.

· Prepare multiple budgets and forecast across a range of business units.

· Provide variance analysis with detailed commentary.

· Build financial models for planning, scenario analysis, costing.

· Provide governance support, project reporting.

· Liaise with divisional GM's and support the Commercial Manager.

Learning outcome 1 has been in line with the understanding about the roles and responsibilities of the management accountant in the job position.