Interested in an accounting career? For information on qualifications, career outlook and salary ranges, read on. Here are the top 5 accounting jobs with the highest salary ranges. To learn more, contact us. We'll help make the right selection! We'll be looking for job opportunities that fit your interests and qualifications. We will keep this information current as the field develops.
Qualifications
Accounting careers can be very rewarding. However, the pay scales will vary depending on the specialty and your experience. The CPA license will allow you to earn more money and open up many opportunities for advancement. Other professional certifications you may pursue, including the Certified Internal Auditor (CFA) and Certified Fraud Examiner (CIA), will also help increase your salary. A college degree is not necessary for a career as an accountant, but additional certifications and education can help you get a better job.
Accounting is a career that you might be interested in if you love numbers and are passionate about working with them. The profession is in high demand and pays well. The bachelor's degree you receive in accounting will allow you to work in many different areas. In addition to accounting, you may want to consider pursuing your CPA certification, which usually requires additional college coursework. A career in forensic accounting might be an option depending on your level of experience.
Salary ranges
There are many different salary levels for accounting careers, but some are more lucrative. Senior professionals often command the highest salaries. Senior accountants, auditors, cost accountants and cost accountants typically earn between $70,000 to $120,000 annually. The range may be lower if you are an intern or an entry-level employee. You could make anywhere from $57.110 to $128.680 per year depending on your education and experience.
Accounting and Finance professionals make an average salary of 117,000 USD annually. This means that half the Accounting and Finance professions earn less than this, and half of them make more. Therefore, the median wage is the middle-ofthe-road wage. Ideally, you want to fall on the right side of this graph. Experience is usually more advantageous than having lower salaries. However, the average salary for an Accountant in New York City is 125,000 USD per year.
Job outlook
The U.S. Bureau of Labor Statistics tracks and projects an 11% increase in the number of accountants and auditors by 2021. Financial managers, tax examiners and personal financial advisors will be in high demand. According to the Bureau of Labor Statistics the average accounting major income in 2017-2018 was $57.250. This number can vary depending on where you live, your skill level and your experience.
Accountants have a great job outlook and competitive salaries. For those with excellent educational and professional skills, there are many job opportunities. Salaries are subject to variation across countries, so experience is important in determining how much you will be paid. While salaries can vary between cities, the costs of living in some areas may make it more expensive to live there. However, the overall outlook for accountants is good. The accounting industry continues to expand, and technological advancements are ushering in new jobs. Before pursuing an accounting career, students should decide on their specialization, the credentials they need, and the expected salary range.
FAQ
What does an accountant do, and why is it so important?
An accountant keeps track of all the money you earn and spend. An accountant also records how much tax you have to pay and the deductions that are allowed.
An accountant can help you manage your finances and keep track of your incomes and expenses.
They are responsible for preparing financial reports that can be used by individuals or businesses.
Accountants are needed because they have to know everything about the numbers.
A professional accountant can also help with taxes, so that people pay as little tax as they possibly can.
How long does it take 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 is a Certified Public Accountant (CPA)?
A certified public accountant (C.P.A.) An accountant with specialized knowledge is one who has been certified as a public accountant (C.P.A.). He/she can prepare tax returns for businesses and assist them in making sound business decisions.
He/She monitors cash flow for the company and makes sure the company runs smoothly.
Statistics
- 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)
- In fact, a TD Bank survey polled over 500 U.S. small business owners discovered that bookkeeping is their most hated, with the next most hated task falling a whopping 24% behind. (kpmgspark.com)
- BooksTime makes sure your numbers are 100% accurate (bookstime.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 be an Accountant
Accounting is the science of recording transactions, and analysing financial data. It involves the preparation and maintenance of various reports and statements.
A Certified Public Accountant (CPA) is someone who has passed the CPA exam and holds a license issued by the state board of accountancy.
An Accredited Financial Analyst (AFA) is an individual who meets certain requirements set forth by the American Association of Individual Investors (AAII). A minimum of five years' experience in investment is required by the AAII before an individual can become an AFA. To pass the examinations, they must have a good understanding of accounting principles.
A Chartered Professional Accountant (CPA), also known as a chartered accounting, is a professional accountant with a degree from a recognized university. CPAs must meet specific educational standards established by the Institute of Chartered Accountants of England & Wales (ICAEW).
A Certified Management Accountant is a professional accountant who specializes in management accounting. CMAs need to pass exams administered through the ICAEW, and must continue education requirements throughout their careers.
A Certified General Accountant (CGA), member of the American Institute of Certified Public Accountants. CGAs must take multiple tests. One of these is the Uniform Certification Examination (UCE).
The International Society of Cost Estimators offers the certification of Certified Information Systems Auditor (CIA). CIA candidates must complete three levels of study consisting of coursework, practical training, and a final examination.
An Accredited Corporate Compliance Officer (ACCO) is a designation granted by the ACCO Foundation and the International Organization of Securities Commissions (IOSCO). ACOs must hold a baccalaureate or higher degree in business administration, finance, or public policy. Additionally, they must pass two written and one verbal exams.
The National Association of State Boards of Accountancy's Certified Fraud Examiner credential (CFE), is awarded by NASBA. Candidates must pass three exams with a minimum score 70 percent.
International Federation of Accountants has granted accreditation to a Certified Internal Audior (CIA). Four exams must be passed by candidates to receive certification as an Internal Auditor (CIA). They will need to pass topics like auditing, compliance, risk assessment and fraud prevention.
American Academy of Forensic Sciences (AAFS) designates an Associate in Forensic Account (AFE). AFEs must be graduates of an accredited college or university that has a bachelor's in accounting.
What does an auditor do exactly? Auditors are professionals who perform audits of financial reporting systems and their internal controls. Audits can either be done randomly or based on complaints about financial statements received by regulators.