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

Skill Level

1

Alternative Titles

• Cost Accountant

Specialisations

• Carbon Accountant
• Commercial Accountant
• Product Accountant

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Taxation Accountant is Chartered Accountants Australia and New Zealand (CAANZ), CPA Australia (CPA) and Institute of Public Accountants’ (IPA).

To have a positive skills assessment conducted by Chartered Accountants Australia and New Zealand (CAANZ), Australian immigration applicants must meet the following criteria:

• Qualification Requirement
  • Qualification comparable to an Australian Bachelor’s Degree or higher
• Competency Requirement
  • Must meet all mandatory competency areas relevant to Taxation Accountant:
    • Accounting Systems and Processes
    • Financial Accounting and Reporting including Financial Accounting and Accounting Theory
    • Management Accounting
    • Finance
    • Business Law including Commercial Law and Corporations Law
    • Taxation Law
    • Economics
    • Quantitative Methods
  • English Language Requirement

• Skilled Employment Requirement
  • Must be post-qualification employment experience
  • Tasks performed are closely related to the nominated ANZSCO code
  • Undertaken in the last 10 years
  • Paid and continuous for a minimum of 20 hours per week
  • Minimum of 1 year accumulated employment

To have a positive skills assessment conducted by Chartered Accountants Australia and New Zealand (CAANZ), New Zealand immigration applicants must meet the following criteria:

• Qualification Requirement
  • Qualification assessed at New Zealand Qualifications Framework (NZQF) Level 7 or higher or a comparable qualification
• Competency Requirement
  • Must meet all mandatory competency areas relevant to Taxation Accountant:
    • Accounting Systems and Processes
    • Financial Accounting and Reporting including Financial Accounting and Accounting Theory
    • Management Accounting
    • Finance and Finance Management
    • Business Law including Commercial Law and Corporations Law
    • Economics
    • Quantitative Methods

Important

CAANZ does not assess skilled employed for New Zealand visas

To have a positive skills assessment conducted by CPA Australia (CPA), Australian immigration applicants must meet the following criteria:

• Qualification Requirement
  • Qualification assessed as an Australian Bachelor Degree or comparable
• Competency Requirement
  • Must meet all mandatory competency areas relevant to Taxation Accountant:
    • Accounting Systems and Processes
    • Australian Taxation Law
    • Business Law
    • Economics
    • Financial Accounting and Reporting
    • Finance and Financial Management
    • Quantitative Methods
  • English Language Requirement

To have a positive skills assessment conducted by CPA Australia (CPA), New Zealand immigration applicants must meet the following criteria:

• Qualification Requirement
  • Qualification assessed as an Australian Bachelor Degree or comparable
• Competency Requirement
  • Must meet all competency areas:
    • Accounting Systems and Processes
    • Business Law
    • Economics
    • Financial Accounting and Reporting
    • Finance and Financial Management
    • Management Accounting
    • Quantitative Methods

Did you know?

The CPA has an online database that identifies the formally accredited courses that are recognised by the CPA.

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.

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

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 (ANZSCO Skill Level 1). In some instances, relevant experience and/or on-the-job training may be required in addition to the formal qualification. This occupation may require registration or licensing.

Occupations in this Group

• 221111 Accountant (General)
• 221112 Management Accountant
• 221113 Taxation Accountant