Are you interested in a career within accounting? Find out more information about qualifications and job outlook as well as salary ranges. Here are the top 5 accounting jobs with the highest salary ranges. Contact us to find out more. We'll help to make the right decision. We'll keep our eyes peeled for jobs that match your specific qualifications and interest. This information will be kept up-to-date 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. Earning your CPA license can earn you significantly more money and open many doors 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.
If you're passionate about numbers and enjoy working with numbers, you may want to consider becoming an accountant. The profession is in high demand and pays well. A bachelor's degree is required to be an accountant. This will open up many opportunities in other fields. Aside from accounting, you might want to pursue your CPA certification. It usually requires additional college coursework. You might consider a career as forensic accountant depending on your experience.
Salary ranges
Although the salary ranges for accountant careers are varied, some are more lucrative than other. Senior professionals often command the highest salaries. The salary range for senior accountants, auditors, and cost accountants is between $70,000 and $120,000 per year. This range is lower if an intern or entry-level worker is involved. Depending on your experience and level of education, you could earn anywhere from $57,110 to $128,680 a year.
Accounting and Finance professionals are paid an average salary of 117,000 dollars per year. This means that half the Accounting and Finance professions earn less than this, and half of them make more. Hence, the median represents the middle-of-the-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. The average salary for an accountant in New York City is 125,000 US Dollars per year.
Job outlook
According to the U.S. Bureau of Labor Statistics, there will be an 11 percent increase of accountants and auditors in 2021. A strong demand will exist for personal financial advisers, tax examiners, financial managers and tax inspectors. According to the Bureau of Labor Statistics in 2017, the average accounting major salary was $57,250. This number could vary depending upon your location, skills level, and experience.
The outlook for accountants in the future is bright and the salary range is competitive. There are plenty of opportunities for individuals with high educational and professional skills. Salary ranges widely between regions and experience is a key factor in determining what you get paid. Many cities pay more than others, but the cost of living can make the incomes more difficult to swallow. The overall outlook for accountants appears good. Accounting is growing and technological advances are opening up new job opportunities. Students must decide their field of specialization, the credentials required, and the expected salary range before they pursue an accounting career.
FAQ
What is an auditor?
An audit is an examination of the financial statements of a company. Auditors examine the financial statements of a company to verify that they are correct.
Auditors are looking for discrepancies among what was reported and actually occurred.
They also examine whether financial statements for the company have been properly prepared.
What's the purpose of accounting?
Accounting is a way to see a financial picture by recording, analyzing and reporting transactions between people. Accounting allows organizations make informed decisions about how much money to invest, how likely they are to earn from their operations, and whether or not they need to raise additional capital.
Accountants track transactions in order provide financial activity information.
The data collected allows the organization to plan its future business strategy and budget.
It is important that the data you provide be accurate and reliable.
What does an accountant do and why is it important?
An accountant keeps track all the money that you earn and spend. They track how much you pay in taxes and what deductions you are allowed to make.
An accountant is a person who helps you keep track of your incomes.
They can prepare financial reports both for individuals and companies.
Accountants are needed because they have to know everything about the numbers.
Accounting also assists people in filing taxes and ensuring that they pay as little as possible tax.
What are the main types of bookkeeping system?
There are three main types: hybrid, computerized, and manual bookkeeping systems.
Manual bookkeeping uses pen and paper to keep track of records. This method requires constant attention.
Computerized bookkeeping uses software programs to manage finances. It is time- and labor-savings.
Hybrid bookkeeping uses both manual and computerized methods.
How long does it take for an accountant to become one?
The CPA exam is necessary to become an accountant. Most people who want to become accountants study for about 4 years before they sit for the exam.
After passing the test, one has to work for at least 3 years as an associate before becoming a certified public accountant (CPA).
Statistics
- The U.S. Bureau of Labor Statistics (BLS) projects an additional 96,000 positions for accountants and auditors between 2020 and 2030, representing job growth of 7%. (onlinemasters.ohio.edu)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- BooksTime makes sure your numbers are 100% accurate (bookstime.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)
- 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 Become an Accountant
Accounting is the science and art of recording financial transactions and analyzing them. Accounting also includes the preparation of statements and reports for different purposes.
A Certified Public Accountant (CPA), is someone who has passed a CPA exam and is licensed by the state boards of accounting.
An Accredited financial analyst (AFA), or an individual who meets the requirements of the American Association of Individual Investors, is an individual who is accredited by Financial Analysts. A minimum of five years' experience in investment is required by the AAII before an individual can become an AFA. They must pass a series exam to verify their understanding of accounting principles.
A Chartered Professional Accountant is also known by the name chartered accountant. This is a professional accountant who received a degree at a recognized university. CPAs must meet specific educational standards established by the Institute of Chartered Accountants of England & Wales (ICAEW).
A Certified Management Accountant or CMA is a professionally certified accountant who specializes only in management accounting. CMAs need to pass exams administered through the ICAEW, and must continue education requirements throughout their careers.
A Certified General Accountant or CGA member of American Institute of Certified Public Accountants. CGAs are required to take several tests; one of these tests is known as the Uniform Certification Examination (UCE).
International Society of Cost Estimators has awarded the certification of Certified Information Systems Auditor. CIA candidates must complete three levels of study consisting of coursework, practical training, and a final examination.
Accredited Corporate Compliance officer (ACCO) is a distinction granted by the ACCO Foundation, and the International Organization of Securities Commissions. ACOs need to have a bachelor's degree in finance, public policy, or business administration. They must also pass two written exams as well as one oral exam.
A credential issued by the National Association of State Boards of Accountancy is called a Certified Fraud Examiner. Candidates must pass three exams with a minimum score 70 percent.
International Federation of Accountants (IFAC), has awarded a certification to an Internal Auditor (CIA). The International Federation of Accountants (IFAC) requires that candidates pass four exams. These include topics such as auditing and risk assessment, fraud prevention or ethics, as well as compliance.
American Academy of Forensic Sciences' (AAFS), designates Associate in Forensic Analysis (AFE). AFEs need to have graduated from an accredited college/university with a bachelor's level in any other field than accounting.
What is the job of an auditor? Auditors are professionals who conduct audits of organizations' internal controls over financial reporting. Audits can be conducted randomly or based upon complaints from regulators regarding the organization's financial reports.