What is an Accountant?
Position 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.
Life As an Accountant: What Do They Do?
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Review accounts for discrepancies and reconcile differences.
- Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.
- Appraise, evaluate, and inventory real property and equipment, recording information such as the description, value, and location of property.
- 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.
- Establish tables of accounts and assign entries to proper accounts.
What an Accountant Should Know
These are the skills Accountants say are the most useful in their careers:
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
- Traveling Repair Accountant
- Traveling Accountant
- Fund Accountant
- Certified Public Accountant (CPA)
- General Accountant
Accountant Job Outlook
In the United States, there were 1,397,700 jobs for Accountant in 2016. 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. Due to new job openings and attrition, there will be an average of 141,800 job openings in this field each year.
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.
Accountant Average Salary
Accountants make between $43,650 and $122,840 a year.
Accountants who work in District of Columbia, New York, or New Jersey, make the highest salaries.
How much do Accountants make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$98,130|
Tools & Technologies Used by Accountants
Although they’re not necessarily needed for all jobs, the following technologies are used by many Accountants:
- 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
Becoming an Accountant
What education or degrees do I need to become an Accountant?
How Long Does it Take to Become an Accountant?
Where do Accountants Work?
Accountants work in the following industries:
Those who work as an Accountant sometimes switch careers to one of these choices:
More about our data sources and methodologies.
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