Corporate Accounting

5 minute read
Corporate Accounting

Corporate Accounting deals with the various accounting tasks and issues of a company. The role of a corporate accountant is to prepare accounts, create cash flow statements, analyse financial reports, research the benefits of potential absorption or amalgamation, and work on consolidated balance sheets.  A corporate accountant works either in a team or a department under the supervision of the Chief Financial Officer. At times, they also undertake the overall corporate accounting responsibilities. They are responsible for one client and for ensuring that all the financial activities of a company are in line with all laws and regulations. Keep reading to know more about the corporate accounting syllabus, corporate accounting types, and corporate accounting salary.

Course nameCorporate Accounting 
EligibilityBA in accounting or finance 
Best universities Harvard University, MIT, Stanford University
Core Career Corporate Accountant 
SalaryINR 5.5 lakh per annum in India

Why Study Corporate Accounting?

Below are the reasons why students should take up corporate accounting as a career 

  • Students choosing to study corporate accounting can find opportunities for career growth and development in popular companies 
  • Gain the ability for entrepreneurship skills by managing the entire accounts of the company
  • Gain the advantage of strong industry growth and higher potential earning 
  • Learn all about business law and taxation during graduate studies 
  • Be a part of a resilient industry that is not impacted by unforeseen circumstances such as covid.

Corporate Accounting Types

Accounting keeps track of the company’s financial health and reliability.Below are the main types of Accounting 

  • Financial Accounting– It helps to make informed financial decisions and thus helps in maintaining the financial health of the company.
  • Cost Accounting-It involves controlling the cost of industries with vast resource management. The process involves collecting information regarding fixed and variable costs and analyzing the effect on business.
  • Forensic accounting– It helps in accessing whether the company has been involved in a legal crime. Basically, it deals with the legal aspect of accounting
  • Tax Accounting Tax accounting involves finding out the amount of payable income tax and other taxes of a company. It also helps the company in reducing the amount of payable taxes. Tax accounting also ensures that the company follows Indian tax rules and regulations.

Corporate Accounting Courses

Below is the list of the courses that a student can take up to become a corporate accountant.

Academic Eligibility Criteria 

In order to get into the field of corporate accounting it is mandatory to have:

  • A B.A degree in finance or accounting, or be a certified public accountant
  • In addition, students can earn corporate accounting certificates online  
  • For foreign studies, students will require to show English proficiency scores. That is, IELTS, TOEFL, or PTE
  • In addition, students will also have to present a letter of recommendation, and statement of purpose to the respective university that they are applying.

Best Universities for Accounting and Finance 

Below are the best universities for accounting and finance in the world

QS Ranking 2023University Name CourseTuition Fees 2023
5Harvard University Online certificate course in Financial Accounting $ 1,750 (INR 1.44 lakh)
3Stanford UniversityMBA$124389 for first year(INR 1.02 cr)
1MITMaster of Finance $86,300 for first year(INR 7.36 lakh)
10University of ChicagoMBA accounting $115062 for 9 months(INR 95.15 lakh)
2University of CambridgeMaster of Finance £51,000 (50.84 lakh)
56The London School of Economics and Political ScienceBSc Accounting and Finance £25,656 per year(INR 25.57 lakh)
39New York UniversityBS/MS in Accounting$29,969 (INR 24.78 lakh)

Corporate Accounting Syllabus

Below is the corporate accounting syllabus for beginners that students will have to follow. Do note that the syllabus also involves a general lecture on cost accounting in the third section of the syllabus.

Corporate Accounting Syllabus
Section A-IntroductionSection B- Accounting for the issue of shares 
Meaning and definition of a companyAccounting entry for share issue, allotment, and calls, 
Characteristics of a companyUnder subscription of shares and accounting entries 
Meaning and types of sharesOversubscription of shares 
Divisions of share capitalProblem-oversubscription of shares 
Issue of equity sharesProblem 2- oversubscription of shares 
Process of issue of equity shares Problem 3- oversubscription of shares
Issue of shares for cash in installmentsCalls in advance concept 
Problem- calls in advance 

Core Responsibilities of Corporate Accountant 

Below are the main responsibilities of a corporate accountant.

  • Create and supervise the accounting system of the organization
  • Processing payroll for staff and manage the special expenses that fall under corporate accounting such as performance bonuses, employee-related tax, overtime payment, and so on
  • Managing accounts payable and receivable in a company

Career Scope: Jobs and Salary 

The salary of a corporate accountant will vary depending upon the country. The salary of a corporate accountant in India is INR 5.5 lakh per annum. Below are the jobs and salaries of a corporate accountant in different countries. 

S.NoCorporate Accountant Jobs
1General Accountant
2Internal Auditor
3Financial Analyst
4Treasury Accountant
Corporate Accountant Salaries 
CountrySalary per annumSalary in INR
U.S.A$ 61,659INR 50.93 lakh
Canada $ 58,500INR 36.15 lakh
U.KEUR 44,919INR 39.77 lakh
Australia $ 108,712INR 62.26 lakh
New Zealand$ 82,955INR 68. 53 lakh


Top companies hiring for corporate accountants are as follows

S.NoTop Companies 
2Infosys BPM
4Tata Consultancy Services 
7DXC Technology


Q1. What are the 4 types of accountants?

Ans. The four main types of accountants are corporate, public, government, and forensic accountants.

Q2. What are examples of corporate accounting?

Ans. Some examples of corporate accounting include credit card payments, banking transfers, electronic wire transfers, focusing on inventory coming to the firm, loans, taxes, and maintenance costs.

Q3. What is the difference between accounting and corporate accounting?

Ans. The difference between public accounting and corporate accounting is that corporate accountants only focus on one single client and public accountants work with companies that offer services to other firms.

Corporate accounting helps in tracking business expenses, monitoring the financial position of the company, facilitating audits, assisting in business decisions, and helping in effective management. Hence, corporate accounting is an essential part of business management and a great career choice. It also pays well and offers several job opportunities. Need help with study abroad admissions? Call us at 1800 572 000 and book our free 30-minute counseling session today.

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