Accountants: Know It All In 1 Minute
In this career summary, you will find out what the job of An Accountant is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Accountants 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.
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Report to management regarding the finances of establishment.
- Establish tables of accounts and assign entries to proper accounts.
- Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
$75280 per year
$36.19 an hour
Accountants with little to no experience tend to make between $41400 and $52090 while the more experienced ones make over $89520 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as An Accountant is to move to a higher paying state like DC. Right now, the highest paying states for Accountants are DC, NY, NJ, MA and AK.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as An Accountant is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
We asked other Accountants what degree they had when they got the job and most of them said they had a Bachelors degree followed by Master’s degree.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes An Accountant successful or would they be good in this career.
Well, we found that most successful Accountants have these 5 skillsets.
In addition to that, 1 common characteristic among successful Accountants is they are good at Attention to Detail. Here are the top 5 common characteristics.
|Attention to Detail |
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose An Accountant as your career.
|Suitable for people who likes to follow routines|
|Suitable for people who values achievements and are resultsoriented|
|This career is perfect for people who love to work indoors.|
|Very good salary|
|Normal working hours (40 hours per week)|
|Not suitable for people who likes to work with designs|
|It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
40 hours per week
Regular (Set schedule and routine)
On a normal working week Accountants work 40 hours per week.
71% of Accountants said they were satisfied with their job and 38% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Organizers and The Persuaders
You can read more about these career personality types here.
People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
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They examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
They analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
They conduct quantitative analyses of information affecting investment programs of public or private institutions.
They conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
They examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
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Related to Accountants Career Information
Accountants job description, Accountants salary, Accountants information, what is the job of an Accountant like, pros and cons about Accountants, colleges and universities for Accountants, is Accountants the right career for me, Quite Hard careers to get into, careers in Business and Finance
Additional resources http://www.bls.gov/OOH/business-and-financial/accountants-and-auditors.htm http://www.aacsb.edu/ http://www.aicpa.org/ http://www.imanet.org/
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