Accounting Business Reporting for Decision Making

24 Accounting: Business Reporting for Decision Making

their personal funds. The burgeoning area of e-commerce also provides opportunities, as accountants

are required to assist in designing web-based payment systems such as BPAY and helping to ensure

the security of these systems. There are also opportunities in the administration of insolvency, where

accountants may help failing companies by offering advice to improve an entity’s future prospects, or

assist in selling the entity’s assets if a decision is made to wind up the company.

Another important growth area is sustainability accounting and more specifically carbon accounting.

A job as a carbon accountant could involve categorising and calculating greenhouse gas emissions,

reviewing carbon reporting procedures, and evaluating the business risks and opportunities for reducing

an entity’s carbon footprint. Sustainability accounting is discussed in chapter 3.

Figure 1.5 illustrates just some of the opportunities for accountants.

Commercial Manager — Manufacturing/Geelong

Robert Half Finance & Accounting

Fantastic opportunity to make a difference and drive change. A positive, high

performing work environment. Build a future with this growing business.

Fri 31 Jul

$120K–$140K p.a. +

attractive package

Geelong & Great

Ocean Road

Audit Manager $128–115K Guru?

AUDITINGJOBS.com.au

•   Network of International gurus + industry influencers to expand your knowledge

•   Large grants to support your choice in personal and professional development

•   Design and execute planned audits, manage WIP, scheduling, debtors + ledgers.

Audit Manager. Assist within the expansion & development of the client base.

Transparent environment, time in lieu. World class technology & leaders.

Sat 1 Aug

$128–115K

Sydney

CBD, Inner West &

Eastern Suburbs

Senior Tax Accountant

Interpeople

•   A Leading National Firm

•   Genuine Career Progression

•   Friendly, Supportive & Professional Team Environment

Join a leading national firm that boasts a culture that values each individual

employee as an essential part of the team!

NEW

Attractive

Remuneration

Package

Perth

CBD, Inner &

Western Suburbs

Forensic Accountant — Senior Analyst

Troy Recruitment

Fantastic role for Audit/Insolvency CA looking to move into forensic accounting.

Full training, great clients and leading firm with opps galore.

Accounting > Forensic Accounting & Investigation

Sat 1 Aug

Sydney

CBD, Inner West &

Eastern Suburbs

SAP Solution Specialist — Accounting Background

Human Solutions Group

Handling a variety of training, product and presales support activities. Candidate

should have a functional understanding of SAP-FI/CO module.

Fri 31 Jul

Sydney

North Shore &

Northern Beaches

FIGURE 1.5 Accounting opportunities in Australia

A background in accounting is beneficial for people working in various positions in an entity. There are

many well-known accounting techniques that will be discussed later in the text that are extremely impor-

tant for management to understand and implement. Tools such as break-even analysis allow management

to determine the selling point where total revenue will equal total costs. The process of capital invest-

ment decision making enables management to screen and analyse different capital projects to determine