Life As an Accountant
Career Description Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
List of Accountant Job Duties
- Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems.
- Prepare adjusting journal entries.
- Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
- Review accounts for discrepancies and reconcile differences.
- Prepare forms and manuals for accounting and bookkeeping personnel and direct their work activities.
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
What Skills Do You Need to Work as an Accountant?
Accountants state the following job skills are important in their day-to-day work.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Mathematics: Using mathematics to solve problems.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Speaking: Talking to others to convey information effectively.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Types of Accountant Jobs
- Certified Public Accountant (CPA)
- Accounting Systems Analyst
- Cost Accountant
- Forensic Accountant
Is There Going to be Demand for Accountants?
In 2016, there was an estimated number of 1,397,700 jobs in the United States for Accountant. New jobs are being produced at a rate of 10% which is above the national average. The Bureau of Labor Statistics predicts 139,900 new jobs for Accountant by 2026. The BLS estimates 141,800 yearly job openings in this field.
The states with the most job growth for Accountant are Utah, Colorado, and Tennessee. Watch out if you plan on working in Maine, Alaska, or Ohio. These states have the worst job growth for this type of profession.
How Much Does an Accountant Make?
The average yearly salary of an Accountant ranges between $43,650 and $122,840.
Accountants who work in District of Columbia, New York, or New Jersey, make the highest salaries.
Below is a list of the median annual salaries for Accountants in different U.S. states.
|State||Annual Mean Salary|
|District of Columbia||$98,130|
Tools & Technologies Used by Accountants
Below is a list of the types of tools and technologies that Accountants may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- Data entry software
- Microsoft Windows
- Microsoft Project
- Microsoft SharePoint
- Structured query language SQL
- Microsoft Dynamics
- IBM Notes
- Microsoft Visual Basic
- Microsoft Publisher
- Google Docs
- FileMaker Pro
- Microsoft SQL Server
- Intuit QuickBooks
How do I Become an Accountant?
Individuals working as an Accountant have obtained the following education levels:
How many years of work experience do I need?
Where Accountants Are Employed
The table below shows some of the most common industries where those employed in this career field work.
You May Also Be Interested In…
Career changers with experience as an Accountant sometimes find work in one of the following fields:
More about our data sources and methodologies.
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