Interested in an accounting career? Read on for information about qualifications, job outlook, and salary ranges. Here are 5 top accounting jobs with the highest pay ranges. For more information, please get in touch. We will help guide you in making the right choice. We will keep an eye out for opportunities that meet your qualifications and interests. We'll keep you informed as the field changes.
Qualifications
Accounting careers can be rewarding, but the compensation you receive will depend on your experience level and the specialization that you pursue. Your CPA license can help you earn more and open doors to opportunities for advancement. Additional professional certifications that you can pursue, such as Certified Fraud Examiner(CIA) or Certified Internal Auditors (CFA), will increase your income. Although a college degree does not guarantee a job in accounting, you may be able to get additional certifications or education that will help you land a better position.
An accountant may be a good choice if your passion is numbers and you enjoy working with numbers. This career is in high demand throughout the country and comes with high salaries. A bachelor's degree is required to be an accountant. This will open up many opportunities in other fields. CPA certification is another option. A career in forensic accounting might be an option depending on your level of experience.
Salary ranges
Salary ranges for accounting careers vary widely, but some are more lucrative than others. Senior professionals often command the highest salaries. The annual salary range of senior accountants (auditors) and cost accountants is between $70,000- $120,000. The range may be lower if you are an intern or an entry-level employee. Depending on your experience and level of education, you could earn anywhere from $57,110 to $128,680 a year.
Accounting and Finance professionals earn an average of 117,000 USD per annum. This means that 50% of Accounting and Finance professionals make less than this amount, while the other half earn more. The median represents the middle-ofthe road wage. You should aim to be on the right-hand side of the graph. In general, salaries are more competitive if you have more experience. However, the average salary of an Accountant in New York City amounts to 125,000 USD annually.
Outlook for the Job
The U.S. Bureau of Labor Statistics tracks the job market and projects an 11 percent increase in accountants and auditors by 2021. The demand for tax examiners and financial managers will continue to grow. The average accounting major salary was $57,250 in 2017, according to the Bureau of Labor Statistics. This number will vary depending on the local job market, your skills, and your experience.
The outlook for accountants looks great, and their salaries are competitive. High-skilled professionals have plenty of job opportunities. Salaries can vary greatly between areas, and experience plays a significant role in determining the pay. Many cities pay more than others, but the cost of living can make the incomes more difficult to swallow. The outlook for accountants remains positive. The growth of the accounting industry is continuing, and technological innovations are creating new jobs. Before pursuing an accounting career, students should decide on their specialization, the credentials they need, and the expected salary range.
FAQ
Are accountants paid?
Yes, accountants get paid hourly.
Some accountants charge extra for preparing complicated financial statements.
Sometimes accountants will be hired to complete specific tasks. An accountant might be hired by a public relations company to create a report that shows how their client is doing.
What type of training is required to become a Bookkeeper?
Bookkeepers need basic math skills, such as addition, subtraction, multiplication, division, fractions, percentages, and simple algebra.
They will also need to be able use a computer.
Many bookkeepers are graduates of high school. Some even have college degrees.
What is the average time it takes to become an accountant
Passing the CPA examination is essential to becoming an accountant. The average person who wants to become an accountant studies for approximately 4 years before sitting for the exam.
After passing the test, one must work as an associate for at least 3 consecutive years before becoming a certified professional accountant (CPA).
What does an auditor do?
An auditor looks for inconsistencies between the information given in the financial statements and the actual events.
He confirms the accuracy and completeness of the information provided by the company.
He also verifies that the company's financial statements are valid.
How do accountants function?
Accountants work with clients in order to get the best out of their money.
They collaborate closely with professionals like lawyers, bankers and auditors.
They also collaborate with other departments such as marketing and human resources.
Accountants are responsible in ensuring that books are balanced.
They determine the tax due and collect it.
They prepare financial statements that show the company's financial performance.
Statistics
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
- According to the BLS, accounting and auditing professionals reported a 2020 median annual salary of $73,560, which is nearly double that of the national average earnings for all workers.1 (rasmussen.edu)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- Employment of accountants and auditors is projected to grow four percent through 2029, according to the BLS—a rate of growth that is about average for all occupations nationwide.1 (rasmussen.edu)
External Links
How To
How to do Bookkeeping
There are many accounting software options available today. While some software is free and some cost money to purchase, many offer basic functions such as billing, invoicing, inventory management, payroll, point-of sale, financial reporting, and processing of payroll. Below is a short description of some common accounting packages.
Free Accounting Software - This free software is often offered to personal use. Although the software may be limited in functionality, such as not being able to create your own reports, it is very easy to use. Many free programs also allow you to download data directly into spreadsheets, making them useful if you want to analyze your business's numbers yourself.
Paid Accounting Software is for businesses with multiple employees. These accounts are powerful and can be used to track sales and expenses and generate reports. The majority of paid programs require a minimum one-year subscription fee. However, some companies offer subscriptions that are less than six months.
Cloud Accounting Software. Cloud accounting software allows for remote access to your files using any mobile device such as smartphones and tablets. This program has gained popularity due to the fact that it frees up space on your hard drive, reduces clutter, is easier to use remotely, and also makes work more efficient. You don't even need to install any additional software. You just need an Internet connection and a device capable to access cloud storage.
Desktop Accounting Software - Desktop accounting software runs locally on the computer. Desktop software is similar to cloud software. You can access your files from anywhere you want, even through mobile devices. The only difference is that you will have to install the software first before you can access it.
Mobile Accounting Software: Our mobile accounting software can be used on smartphones and tablets. These programs allow you to manage finances from anywhere. Although they offer less functionality than full-fledged desktop applications, they are still very useful for people who travel or run errands.
Online Accounting Software: This software is primarily designed for small businesses. It includes everything that a traditional desktop package does plus a few extra bells and whistles. The best thing about online software is the fact that it does not require installation. You simply log in to the site to start the program. Online software also offers the opportunity to save money as you can avoid local office fees.