Management Accountant
- Classification
- Occupation
- Skill level
- 1
- Major group
- Professionals
- Assessing authority
- (a) CPAA; or(b) IPA; or(c) CAANZ
Classification
- Major group
- 2Professionals
- Sub-major group
- 22Business, Human Resource and Marketing Professionals
- Unit group
- 2211Accountants
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.
Alternative titles
- Cost Accountant
Specialisations
- Carbon Accountant
- Commercial Accountant
- Product Accountant
Unit group
2211 · AccountantsDescription
Accountants provide services relating to financial reporting, taxation, auditing, insolvency, accounting information systems, budgeting, cost management, planning and decision-making by organisations and individuals; and provide advice on associated compliance and performance requirements to ensure statutory and strategic governance.
Skill level
Australia
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.
New Zealand
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.
Occupation skill level 1
Tasks
Tasks include
- 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
Occupations in this unit group
Sources
Core Skills Occupation List
- Occupation
- management accountant · 221112
- Medium and Long-term Strategic Skills List (MLTSSL)
- Listed
- Core Skills Occupation List (CSOL)
- Listed
- Regional Occupation List (ROL)
- Not listed in supplied data
