What does an Accountant do and salary

Who is an Accountant?

An Accountant is accounting personnel who control, manage goals, structural information, and policies that helps investors and business firms, in general, make viable decisions.

They work with figures and financial reports that they help to structure, determine, and predict the financial conditions of a company.

To become an accountant, you must have a bachelor’s degree in accountancy and take the required examination that would be needed for licensing,

Some employers may demand a Master’s degree.

Skills and Qualities Expected of an Accountant

An accountant aspiring to be exceptional in his/her career needs to be steadfast, self-disciplined, and have self –motivation.

You must be skilled in;

  • Data Analysis
  • Calculation and mathematically inclined
  • General lodger application
  • Income tax
  • Fraud prevention
  • Auditing and so on.

Types of Accounting

  • Public accounting
  • Private accounting
  • National income accounting
  • Fund accounting
  • Fiduciary accounting
  • Forensic accounting

Accounting Designations in the United States

The under-listed are the accounting and professionals bodies governing the profession of Accounting in the United States

  • Certified Government Financial Manager (CGFM)
  • Enrolled Agent (EA)
  • Certified Fraud Examiner (CFE)
  • Certified Financial Manager (CFM)
  • Certified Internal Auditor (CIA)
  • Certified Public Accountant (CPA)
  • Certified Management Accountant (CMA)

Duties and Responsibilities of an Accountant

  • Accountant explains billing invoices and accounting policies to staff, vendors and clients
  • Prepare and review income, expenditure, budgets and other accounting documents
  • They work with auditors to carry out auditory by supplying figures and information.
  •  Make recommendations on suitable software that will best help in accounting processes and operations.
  • Monitor the input and handling of financial data
  • They develop the best processes for handling documents.
  • Organize and analyze financial information to prepare entries to accounts
  • Every month, they prepare profit and loss statements
  • They guide business firms, companies, and client while making policies and financial decisions
  • Analyze government budgets
  • They review contracts and grants
  • Advise the government on budgeting.

Salary of Accountants in the United States

We will consider the salary of accountants in some of the states in the United States;

10 Highest Paying States for Accountants

States Average Annual Salary $
New York 60, 377
Massachusetts 59, 806
Washington 59, 389
New Hampshire 58, 026
Hawaii 57, 440
Maryland 55, 426
Connecticut 55, 408
North Dakota 55, 045
Alaska 55, 045
Wyoming 55, 045

 

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