Discusss about the Management Accounting And Control Practices.
No |
Position Title |
Sector Industry or Government |
Position description |
Date listed |
Website address |
Search word(s) or phrases |
1. |
Management accountant |
Industry – Acqua Bathrooms |
Direct reporting to director and help the executive team in making various analyses which in turn will improve the decision making process |
26th March 2018 |
Jobsearch.gov.au |
Positions for accountant |
2. |
Management accountant |
Industry – Metro trains |
Efficient management accountant who will analyses and financial planning |
5th April |
Applydirect.com.au |
Management accountant |
3. |
Cost accountant |
Industry – MPAU Finance |
Analysis of actual vs budget, Opex and Capex analysis, tracking the financial data and forecasting |
25th March |
Adzuna.com.au |
Cost accountant |
4. |
Management accountant |
Industry – Michael Page |
Monthly performance analysis, preparation of annual budget, able to provide strategic analyses |
7th April |
Seek.com.au |
Management accountant |
5. |
Management accountant |
Industry – Capstone recruitment group Pty Ltd |
To provide timely and well informed advise to director for forecasting and budgeting |
6th April |
Seek.com.au |
Management accountant |
6. |
Management accountant |
Industry – JCDecaux Australia |
Tracking, forecasting, recording and monitoring capex expenses |
7th April 2018 |
Jobsearch.gov.au |
Accountant’s position |
7. |
Senior management accountant |
Industry – Maxxia |
Able to implement and maintain the forecasting, budgeting and reporting platform on regular basis |
26th March |
Applydirect.com.au |
Management accountant |
8. |
Cost accountant |
Industry – Junior first movers |
Main responsibility is assisting the management in performance based reporting associated with finance that includes forecasting, cost management, pricing, and strategic financial planning |
21st March |
Adzuna.com.au |
Cost accountant |
9. |
Cost accountant |
Industry – Brandt |
Analysis of product costing to provide meaningful and accurate cost information to all the management level personnel |
21st March |
adzuna.com.au |
Cost accountant |
10. |
Management accountant |
Industry – Gates Australia Pty Ltd |
Supporting in budgeting procedure, reporting on tax matters, forecasting monthly rolling, and reporting on Hyperion financial management system |
6th April |
Seek.com.au |
Management accountant |
No |
Position title |
Position requirement |
Cost or management accounting criteria required or position |
Alignment with learning outcomes of ACCT 6004 |
1. |
Management accountant |
Direct reporting to director and help the executive team in making various analyses which in turn will improve the decision making process |
Pricing, valuation, budgetary system, assets cost management and forecasting |
· 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. |
2. |
Management Accountant – Infrastructure |
Efficient management accountant who will analyses and financial planning |
High level qualification in management or accounting and well experience in business partnering |
· 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. |
Cost accountant |
Analysis of actual vs budget, Opex and Capex analysis, tracking the financial data and forecasting |
Must be3-5 years experienced in same type of role for cost accountant. Further, the 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. · Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making. |
4. |
Management accountant |
Monthly performance analysis, preparation of annual budget, able to provide strategic analyses |
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 |
To provide timely and well informed advise to director for forecasting and budgeting |
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. |
Management accountant |
Tracking, forecasting, recording and monitoring capex expenses |
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. |
Senior management accountant |
Able to implement and maintain the forecasting, budgeting and reporting platform on regular basis |
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 |
Main responsibility is assisting the management in performance based reporting associated with finance that includes forecasting, cost management, pricing, and strategic financial planning |
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. |
Cost accountant |
Analysis of product costing to provide meaningful and accurate cost information to all the management level personnel |
Must have at least 3 years experience and will be progressively responsible for professional designation in 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. |
10 |
Management accountant |
Supporting in budgeting procedure, reporting on tax matters, forecasting monthly rolling, and reporting on Hyperion financial management system |
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. |
Management accounting profession is associated with the internal business function and it recognizes various issues associated with the internal cost for making sound business decisions (Fullerton, Kennedy & Widener, 2013). Further, the manufacturing and production companies use the services of management accountant to prepare their financial budget, allocation of production cost to various items. Various issues faced by the management accountant are as follows –
Different topics learnt from the topic of ACCT 6004 are mentioned below –
Reference
Alviniussen, A., & Jankensgard, H. (2015). Enterprise risk budgeting: bringing risk management into the financial planning process.
Brooks, R. (2015). Financial management: core concepts. Pearson.
Eldenburg, L. G., Wolcott, S. K., Chen, L. H., & Cook, G. (2016). Cost management: Measuring, monitoring, and motivating performance. Wiley Global Education.
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.
Schuster, P. (2015). Cost and Management Accounting. In Transfer Prices and Management Accounting (pp. 1-4). Springer, Cham.
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