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https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm

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Summary

Video transcript available at https://www.youtube.com/watch?v=u9pgua9hT6k.

Quick Facts: Accountants and Auditors
2020 Median Pay

$73,560 per year
$35.37 per hour

Accountants and auditors prepare and examine financial records.

Most accountants and auditors work full time. Overtime hours are typical at certain periods of the year, such as for quarterly audits or during tax season.

A bachelor's degree in accounting or a related field is typically required to become an accountant or auditor. Completing certification in a specific field of accounting, such as becoming a licensed Certified Public Accountant (CPA), may improve job prospects.

The median annual wage for accountants and auditors was $73,560 in May 2020.

Employment of accountants and auditors is projected to grow 7 percent from 2020 to 2030, about as fast as the average for all occupations.

About 135,000 openings for accountants and auditors are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Explore resources for employment and wages by state and area for accountants and auditors.

Compare the job duties, education, job growth, and pay of accountants and auditors with similar occupations.

Learn more about accountants and auditors by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.

Accountants and auditors prepare and examine financial records, identify potential areas of opportunity and risk, and provide solutions for businesses and individuals. They ensure that financial records are accurate, that financial and data risks are evaluated, and that taxes are paid properly. They also assess financial operations and work to help ensure that organizations run efficiently.

Duties

Accountants and auditors typically do the following:

Examine financial statements to ensure that they are accurate and comply with laws and regulations

Compute taxes owed, prepare tax returns, and ensure that taxes are paid properly and on time

Inspect account books and accounting systems for efficiency and use of accepted accounting procedures and identify potential risks for fraud

Organize, analyze, and maintain financial records

Assess financial operations, identify risks and challenges, and make best-practices recommendations to management

Suggest ways to reduce costs, enhance revenues, and improve profits

Accountants and auditors may use technology, such as artificial intelligence (AI) and robotics process automation, to increase their productivity. Automating some routine tasks makes these workers more efficient by allowing them to focus on analysis and other high-level responsibilities.

In addition to examining and preparing financial documents, accountants and auditors must explain their findings. This includes preparing written reports and meeting face-to-face with organization managers and individual clients.

Many accountants and auditors specialize, depending on their employer. Some work for organizations that specialize in assurance services (improving the quality or context of information for decision makers) or risk management (determining the probability of a misstatement on financial documents). Other organizations specialize in specific industries, such as finance, insurance, or healthcare.

The following are examples of types of accountants and auditors:

Government accountants maintain and examine the records of government agencies and audit private businesses and individuals whose activities are subject to government regulations or taxation. Accountants employed by federal, state, and local governments ensure that revenues are received and spent according to laws and regulations. Their responsibilities include auditing, financial reporting, and management accounting.

Management accountants are also called cost, corporate, industrial, managerial, or private accountants. They combine accounting and financial information to guide business decision making. They also understand financial and nonfinancial data and how to integrate information. The information that management accountants prepare is intended for internal use by business managers, not for the public.

Management accountants often prepare budgets and evaluate performance. They also may help organizations plan the cost of doing business. Some work with financial managers on asset management, which involves planning and selecting financial investments such as stocks, bonds, and real estate.

Public accountants have a broad range of accounting, auditing, tax, and consulting tasks. Their clients include corporations, governments, individuals, and nonprofits.

Public accountants work with financial documents that clients are required by law to disclose, such as tax forms and financial statements that corporations must provide to current and potential investors. Some public accountants concentrate on tax matters, advising corporations about the tax advantages of certain business decisions or preparing individual income tax returns.

Other public accountants specialize in forensic accounting, investigating financial crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and potentially criminal financial transactions. Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques to determine if an activity is illegal. Many forensic accountants work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.

Still others work with individuals, advising them on important personal financial matters. These public accountants combine their expertise in data management, economics, financial planning, and tax law to develop strategies for their clients. Advisory services cover topics including cash flow, insurance, investment, retirement, and wealth transfer planning to help clients meet financial goals, such as retirement, paying for a child's education, or buying a home.

Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms. Publicly traded companies are required to have CPAs sign documents they submit to the Securities and Exchange Commission (SEC), including annual and quarterly reports.

External auditorscheck for proper management of an organization's funds, sources of revenue, and internal controls, such as financial data preparation or managing risks to cybersecurity or the supply chain. They are employed by an outside organization, rather than the one they are auditing. They review clients' financial statements and inform authorities, investors, and regulators that the statements have been correctly prepared and reported with no material misstatements.

Information technology (IT) auditors review controls for their organization's IT systems to ensure that both financial and nonfinancial data come from a reliable source.

Internal auditors have duties that are similar to external auditors, but these workers are employed by the organization they are auditing. They identify ways to improve the processes for finding and eliminating waste, fraud, and other financial risks to the organization. The practice of internal auditing is not regulated, but the Institute of Internal Auditors (IIA) provides generally accepted standards.

Accountants and auditors held about 1.4 million jobs in 2020. The largest employers of accountants and auditors were as follows:

Accounting, tax preparation, bookkeeping, and payroll services

25%

Finance and insurance

9

Government

8

Management of companies and enterprises

7

Self-employed workers

5

Most accountants and auditors work in offices, but some work from home. Although accountants and auditors usually work in teams, some work alone. Accountants and auditors may travel to their clients' places of business.

Work Schedules

Most accountants and auditors work full time. Longer periods of work are typical at certain times of the year, such as for quarterly audits or during tax season.

How to Become an Accountant or Auditor About this section

Accountants and auditors typically need at least a bachelor's degree in accounting or a related field to enter the occupation. Completing certification in a specific field of accounting, such as becoming a licensed Certified Public Accountant (CPA), may improve job prospects.

Education

Accountants and auditors typically need a bachelor's degree in accounting or a related field, such as business. Some employers prefer to hire applicants who have a master's degree, either in accounting or in business administration with a concentration in accounting.

Some universities and colleges offer specialized programs for a bachelor's or master's degree, such as in accounting, forensic accounting, internal auditing, or tax accounting. In some cases, those with an associate's degree, as well as bookkeepers, accounting, and auditing clerks who meet the education and experience requirements set by their employers, may get junior accounting positions and advance by showing their accounting skills on the job.

Students may gain practical experience through internships with public accounting or business firms.

Licenses, Certifications, and Registrations

Any accountant who files a report with the Securities and Exchange Commission (SEC) is required to be a licensed Certified Public Accountant (CPA). Other accountants choose to become a CPA to enhance their job prospects or to gain clients. Employers may pay the costs associated with the CPA exam.

CPAs are licensed by their state's Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. All states require CPA candidates to complete 150 semester hours of college coursework to be licensed, which is 30 hours more than the usual 4-year bachelor's degree. Many schools offer a 5-year combined bachelor's and master's degree to meet the 150-hour requirement, but a master's degree is not required.

A few states allow a number of years of public accounting experience to substitute for a college degree.

All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that candidates pass all four parts within 18 months of passing their first part.

All states require CPAs to take continuing education courses, including ethics, to maintain their license.

Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:

The AICPA offers several designations. For accountants with a CPA, the AICPA offers the Accredited in Business Valuation (ABV), Certified Financial Forensics (CFF), Certified Information Technology Professional (CITP), and Personal Financial Specialist (PFS) certifications. All of these credentials require experience in the related area, continuing education, and passing an exam.

AICPA and the Chartered Institute of Management Accountants(CIMA) developed the Chartered Global Management Accountant (CGMA) designation as an internationally recognized professional credential. Candidates must complete a program, pass an exam, and meet a requirement for work experience.

The Association of Government Accountants (AGA) offers the Certified Government Financial Manager (CGFM) credential to accountants or auditors working with federal, state, or local government. To earn this certification, candidates must have a bachelor's degree from an accredited college or university, pass examinations, and have professional-level experience in government financial management. To keep the certification, CGFMs must complete continuing professional education.

The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) credential to graduates from accredited colleges and universities who have work experience as internal auditors and have passed an exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.

The Institute of Management Accountants (IMA) offers the Certified Management Accountant (CMA) to applicants who complete a bachelor's degree. Applicants must have work experience in management accounting, pass an exam, agree to meet continuing education requirements, and comply with standards of professional conduct.

ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have work experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours may be substituted for some of the experience required in information systems auditing, control, or security.

Advancement

Some top executives and financial managers have a background in accounting, internal auditing, or finance.

Entry-level public accountants may advance to senior positions as they gain experience and take on more responsibility. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.

Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to become accounting managers, budget directors, chief cost accountants, or managers of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.

Public accountants, management accountants, and internal auditors may move from one type of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.

Important Qualities

Analytical and critical-thinking skills. Accountants and auditors must be able to critically evaluate data, identify issues in documentation, and suggest solutions. For example, internal auditors might detect fraudulent use of funds, and public accountants may work to minimize tax liability.

Communication skills. Accountants and auditors must be able to listen to and discuss facts and concerns from clients, managers, and other stakeholders. They must also be able to discuss the results of their work both in meetings and in written reports.

Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documents.

Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures. They may use advanced math skills, such as calculus and statistical analysis, for these tasks.

Organizational skills. Strong organizational skills are important for accountants and auditors, who often work with a range of financial documents for a variety of clients.

Median annual wages, May 2020

The median annual wage for accountants and auditors was $73,560 in May 2020. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $45,220, and the highest 10 percent earned more than $128,680.

In May 2020, the median annual wages for accountants and auditors in the top industries in which they worked were as follows:

Finance and insurance

$78,600

Management of companies and enterprises

76,230

Accounting, tax preparation, bookkeeping, and payroll services

73,180

Government

72,260

Most accountants and auditors work full time. Longer hours are typical at certain times of the year, such as for quarterly audits or during tax season.

Employment of accountants and auditors is projected to grow 7 percent from 2020 to 2030, about as fast as the average for all occupations.

About 135,000 openings for accountants and auditors are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Employment

Globalization, a growing economy, and a complex tax and regulatory environment are expected to continue to lead to strong demand for accountants and auditors.

In general, employment growth of accountants and auditors is expected to be closely tied to the health of the overall economy. As the economy grows, these workers will continue to be needed to prepare and examine financial records. In addition, as more companies go public, there will be greater need for public accountants to handle the legally required financial documentation.

The continued globalization of business may lead to increased demand for accounting expertise and services related to international trade and international mergers and acquisitions.

Technological change is expected to affect the role of accountants over the decade. Some routine accounting tasks may be automated as platforms such as cloud computing, artificial intelligence (AI), and blockchain become more widespread. Although this will allow accountants to become more efficient, this change is not expected to reduce overall demand. Instead, with the automation of routine tasks, such as data entry, the advisory and analytical duties of accountants will become more prominent.

Occupational Title

SOC Code

Employment, 2020

Projected Employment, 2030

Change, 2020-30

Employment by Industry

Percent

Numeric

Accountants and auditors

13-2011

1,392,200

1,488,200

7

96,000
Get data

Occupational Employment and Wage Statistics (OEWS)

The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link(s) below go to OEWS data maps for employment and wages by state and area.

Projections Central

Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at www.projectionscentral.com. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state's websites where these data may be retrieved.

CareerOneStop

CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.

For more information about accredited accounting programs, visit
AACSB
For more information about the Certified Public Accountant (CPA) license, the Chartered Global Management Accountant (CGMA), and other designations, visit

American Institute of Certified Public Accountants (AICPA)

For information about the Certified Government Financial Manager (CGFM) designation, visit

Association of Government Accountants (AGA)

For more information about management accounting and the Certified Management Accountant (CMA) designation, visit
Institute of Management Accountants
For more information about internal auditing and the Certified Internal Auditor (CIA) designation, visit
The Institute of Internal Auditors
For more information about information systems auditing and the Certified Information Systems Auditor (CISA) designation, visit
ISACA
For more information about certifications in accounting, visit
Global Academy of Finance and Management
O*NET
Accountants and Auditors

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Video transcript available at https://www.youtube.com/watch?v=u9pgua9hT6k. Quick Facts: Accountants and Auditors 2020 Median Pay $73,560 per year $35.37 per hour Accountants and auditors prepare and examine financial records. Most accountants and auditors work full time. Overtime hours are typical at certain periods of the year, such as for quarterly audits or during tax season.

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https://www.svtuition.org/2009/09/how-does-accounting-help-society.html#:~:text=Accounting%20can%20help%20society%20by,liabilities%20with%20knowledge%20of%20accounting%20.

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Accounting helps society with many ways directly and indirectly which I can explain in following points

1. Accounting is that part of education which makes society intelligent . After getting this knowledge , person can analyze what are my income and what are my expenses and what is my net profit . After this society can use their resources effectively.

2. Accounting provides jobs to the society . Not only jobs but opens new doors of new profession and business . After knowledge of this technology , society can become self - Independent . It was the dream of Mahatma Gandhi . Accounting is fulfilling dreams of millions of peoples by making them accounting professionals and billion of earning are earned by Accounting teachers , Accountants , Accounting writers , publishers and Auditors in this world . I am proud on Accounting Education . I feel happy that I know accounting and writing on it and helping society by solving accounting problems and operating my blogging in accounting independently . Indian big Accounting Institutions like ICAI , ICWAI and all universities in which accounting subject is taught , are making self independent citizens for society who can develop society with their hard work .

3. Accounting produces logic in the brain of human being . After regular study of accounting , human being can also learn to make budget and every work is done by well planned and according to resources of society .

4. Accounting can help society by handling Corporate finance and money by recording it properly . Without this this education , big firms and companies never stay even one day because they know their resources and their liabilities with knowledge of accounting . Accounting teaches them simple rule of authorities and responsibilities . After this they understand , rights are like our assets which we gets from society and our responsibilities are our main liabilities which we have to return to society . Continuously development in accounting is the only way to develop society . What do we want in society ? Only two things . One is comfort and other is peace . We all know that society makes from group of people and accounting makes perfect to people . Every body after getting the knowledge of accounting will certainly behave as wise person and do his duty perfectly.

I think , if we study accounting deeply , then we find that accounting is like Gita book or Bible or all other holy books of world . I remember that I read basic accounting book first time in 10+1 commerce . After study of its strict double entry rules which are needed to record any business transaction , I felt that it guide also human being and society and says always that if you have taken any thing from other , it means it is not your , it is your liability and it has to give creditor . Same thing happens in society . We all take many things from society , we take the help from our parents , teachers , friends and other social network . It should be our liabilities which should show in the liability side of our balance sheet and which we have to pay by helping poor children and needy people of society . Every page of accounting teaches use the lesson of social welfare . I thanks also those person who discover social accounting , it teaches businessman that social responsibility must be the main aim of business . Accounting can easily measure it . Just to record all the benefits which is taken from society and all the benefits which is given to society . This is also great help of accounting to enterprise to access up to level of exceeding of benefits given to society over benefits taken from society .

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Accounting helps society with many ways directly and indirectly which I can explain in following points Accounting is that part of education which makes society intelligent . After getting this knowledge , person can analyze what are my income and what are my expenses and what is my net profit .

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"Accounting can help society by handling Corporate finance and money by recording it properly."This career helps track money for businesses and helps corporations record their money use. Without this help, businesses cannot accurately track how much they are spending which is a requirement.
Source #17

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https://tax.thomsonreuters.com/blog/how-to-keep-up-with-tax-law-changes/

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Tax & Accounting Blog Posts by Thomson Reuters

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The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won't keep coming back if your team isn't up to speed with the most recent tax law changes.

But of course, staying informed is easier said than done. Tax rules are revised constantly, and changes aren't always easy to interpret. Now more than ever, your tax and accounting staff require a robust system or framework that leverages technology so that they can keep up with regulatory developments in a timely manner.

How can accountants keep up with tax law changes?

You can help team members keep their tax knowledge current by providing different learning opportunities:

Events: Industry-leading conferences and seminars, including Synergy, offer an interactive way for staff to get an update on the most recent tax law changes and current issues affecting today's businesses.

Networking: You can run workshops for tax teams to share their knowledge and experience of a particular tax area.

Subscriptions: Reading newsletters from professional associations and LinkedIn posts from industry leaders allows staff to learn about the practical impacts of regulatory changes.

Webcasts and Events: You can browse through our recent events, including upcoming and on-demand events, tradeshows, and Synergy conferences⁠⁠-all hosted by leading tax, audit, and accounting experts.

Advisory opportunity with tax law changes

Top CPA firms have long understood the need to elevate their staff from being tax preparers to tax advisors. While a preparer focuses on churning out tax returns, an advisor tries to evaluate the broader implications of tax code changes by considering:

What are the recent tax law changes my clients should know about?

What are their commercial impacts?

When do tax law changes take effect?

Should clients conduct their business differently when new rules come in?

Are there tax saving or tax planning opportunities, or other ways I can add value?

Tax advisors can make the most of their up-to-date knowledge by seizing opportunities to optimize their clients' tax strategies. They can offer support when clients struggle with complex changes, and in doing so, they earn credibility, client trust, and additional revenue streams for their firms.

Protecting your firm's reputation

Keeping your staff highly skilled in the current tax landscape isn't just about demonstrating value over do-it-yourself compliance software and online preparation platforms. The growing public expectation for businesses to pay their "fair share" of tax, along with economic pressure from an uncertain economic environment, means finance leaders need professional advisor support to adapt their tax strategy in anticipation of potential tax hikes in the future.

At the same time, tax authorities are now drawing on sophisticated technology to conduct forensic reviews, leading to a higher number of business tax audits. Without a solid understanding of the current law, there is a strong risk of providing incorrect or poor advice. Errors could bring financial harm to your clients, particularly if they're found during an audit, and your firm could be legally liable for the fallout. With your firm's reputation on the line, it's crucial to take every possible step to ensure your staff is well-positioned to deliver the best and most accurate guidance.

Accounting research technology: the helping hand you need for quick and accurate answers

When your clients have questions, they want immediate answers they can trust. And, if you can't provide them, clients will go elsewhere to find them. The simple truth is that nobody has every answer. It takes time to do the research, but client demands continue to rise with regard to the speed and accuracy they require from their firms.

The good news is that technology is readily available to help firms quickly get the information they need so that they can reply confidently to any client query.

Whether the client is a multinational group looking for the latest developments in transfer pricing rules, or a manufacturer trying to claim R&D tax relief under new amortization requirements, there are solutions on the market that incorporate even the most recent tax law updates. Today's technology allows you to provide the best possible assistance and service to your clients.

Having access to a comprehensive research tool that keeps staff up to date with tax law changes can help your team work more confidently and find the correct answers for clients faster.

Build your firm's reputation as a tax expert and industry leader. Start your free trial today and learn more about how Checkpoint Edge can help your firm stay up to date on changes to the law and enhance your firm's service to its clients.

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The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won't keep coming back if your team isn't up to speed with the most recent tax law changes.

# data[].attributes.body
"Tax rules are revised constantly, and changes aren’t always easy to interpret."
Must keep up with regulations in a fast enough manner
Solutions: Hold events to inform and update employees on changes
Networking with workshops that can help people connect and share experiences on dealing with tax laws
(Source #16)

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https://www.indeed.com/career-advice/finding-a-job/business-economics-jobs

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Opportunities to change careers based on education

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Opportunities to change careers based on education

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Since a business econ major is broad, there are many other careers one could change to.
Some include: analyst, consulting, and financial advising.
(Source #15).

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https://www.efficientlearning.com/accounting-career-guide/#:~:text=Career%20Advancement%3A%20Management%20accountants%20may,financial%20officers%2C%20or%20corporate%20presidents.

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"If you excel at your job, you can become a manager, director, or partner."
You can open your own firm as well
This tends to take a couple years to get to these higher positions
(Source #14).

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https://www.efficientlearning.com/blog/top-10-cities-accountants/

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https://www.accounting.com/careers/staff-accountant/salary/#:~:text=jobs%20in%20accounting%3F-,Salary%20by%20Location,than%20rural%20or%20suburban%20areas.

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Staff accountants perform a variety of accounting-related duties. A typical work day might include reviewing financial statements, figuring out tax liabilities, and recommending accounting best practices.

Organized, detail-oriented people often thrive in the staff accountant profession. Before committing to the role, it is a good idea to learn more about a staff accountant's salary and career path. The U.S. Bureau of Labor and Statistics (BLS) projects accounting jobs to grow by 7% from 2020-2030, on par with the national average for all occupations.

Read on to learn more about the staff accountant salary, job prospects, top jobs, and future industry growth.

How Much Do Staff Accountants Make?

So, how much do staff accountants make? According to Payscale, staff accountants earned an average annual salary of $52,980 as of June 2022. However, salaries can vary based on experience level and geographical location.

Staff accountants can also earn certifications that may boost their earnings. For example, Payscale reports that accountants with certified public accountant (CPA) licensure earned an average of $70,940 per year as of June 2022. More specialized qualifications, like a chartered financial analyst (CFA) certification, provide an average annual salary of $82,290 as of May 2022, according to Payscale.

Becoming a staff accountant may be an attractive choice for people seeking to increase their earning potential throughout their careers.

Salary by Education

Becoming a staff accountant usually requires a bachelor's degree. Earning a bachelor's takes most full-time students about four years.

A master's degree is not required for a staff accounting position, but earning a graduate degree can raise a person's income. Payscale reports that people with a master of accounting degree made an average annual salary of $75,000 as of June 2022. That is about $22,000 more than the average annual staff accountant salary.

Staff accountants can also gain more education through certification programs. For instance, Payscale reports that a certified fraud examiner (CFE) certification boosts a person's base salary to an average of $86,000 a year as of June 2022.

Gaining more education may increase a staff accountant's earning potential. It can also open up more career opportunities by helping people specialize in accounting subfields.

However, graduate education and professional certifications take time and money to earn. Many certifications also require holders to take continuing education courses to maintain their credentials.

Salary by Experience

The longer staff accountants spend in the profession, the more their salary is likely to increase. Doing a good job may lead to performance bonuses or promotions, both of which can improve a staff accountant's salary.

Note that the biggest salary jump is between early career and midcareer positions. Earning a graduate degree or professional certifications can increase a person's salary as well.

Salary by Location

Staff accountant salaries can vary depending on where a person lives. States with higher costs of living - like California and New York - may offer higher-paying positions.

Metropolitan areas often offer higher salaries than rural or suburban areas. For instance, the average annual salary for accountants in the San Jose metro area exceeds the average salary for accountants in California by about $20,000.

The BLS data below lists the best-paying states and metropolitan areas for all accountants and auditors, not just staff accountants. Salaries for staff accountants in these locations may vary.

Where Should I Work as a Staff Accountant?

The BLS projects staff accountant jobs to grow by about 7% from 2020-2030, which is as fast as the national average. This demand can change based on location and the industry a staff accountant works in.

For instance, states that employ many accountants, like Texas and Florida, will likely need more staff accountants than states with the lowest number of accountant jobs, like Montana and Wyoming. Earning accounting certifications can help job-seekers become more competitive applicants and qualify them for higher-paying positions.

The BLS data below covers accountants and auditors in general, not just staff accountants. However, since this data applies across the accounting field, staff accountants can expect to see similar job growth levels.

Best Areas

Job-seekers can find accounting positions, including staff accountant jobs, in all 50 states. CPA licensure requirements vary from state to state, so staff accountants should consider which areas of the U.S. they might like to work in before pursuing licensure.

The best areas for staff accountants usually have more open positions. Many top areas also boast better-than-average projected job growth. For instance, Projections Central projects accounting positions in Colorado to increase 22.8% from 2020-2030. That is more than three times the national average growth rate for the profession.

Learn more about the best areas for staff accountants below. Keep in mind that this data applies to accountants and auditors in many roles, not just staff accountants.

Best Industries

Staff accountants can work in diverse industries, so candidates can choose a niche that appeals to them. Someone who enjoys helping people may consider working as an accountant or tax preparer. A person who cares about tax policy might look for federal government jobs.

The industry a staff accountant works in can affect factors like job availability and annual salary. For instance, people in some private sector jobs like information services and computer manufacturing have fewer positions available but can make higher salaries than federal or state government workers.

Keep in mind that BLS data covers accountants and auditors, not just staff accountants. However, staff accountants in these industries can expect comparable salaries depending on their qualifications.

Questions About Staff Accountant Salary
What level is a staff accountant?
Staff accountants are usually mid-level employees. They rank higher than junior accountants but often work below senior accountants, who usually have more experience or credentials.
What are the highest-paying staff accountant jobs?
The highest-paying accountant jobs are in the pipeline transportation industry. Other top industries for staff accountants include computer manufacturing, information services, finance, and the U.S. federal government's executive branch.
Where is the best state to work as a staff accountant?
The best state to work in for a staff accountant depends on a person's career goals and standards of living. With that said, top-paying states for accountants include the District of Columbia, New York, New Jersey, and California.
What is the best industry to work in as a staff accountant?
Top industries for staff accountants vary by a person's qualifications and geographic location. The pipeline transportation industry pays the highest salaries for accountants. The accounting, tax preparation, bookkeeping, and payroll services sector offers the most jobs.

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Staff Accountant Salary Guide | Accounting.com

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Staff accountants perform a variety of accounting-related duties. A typical work day might include reviewing financial statements, figuring out tax liabilities, and recommending accounting best practices. Organized, detail-oriented people often thrive in the staff accountant profession. Before committing to the role, it is a good idea to learn more about a staff accountant's salary and career path.

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https://www.anderson.ucla.edu/specialized-academic-programs/accounting-minor-program/courses

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Prerequisite: 1B. Intermediate-level course in theory and practice of financial accounting. Underlying concepts of asset valuation and revenue recognition. Reporting of current and long-term assets, including cash and receivables, inventories, plant assets and depreciation, natural resources, intangibles and investments. Underlying concepts of liability recognition and reporting of current liabilities and contingencies.

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Ucla accounting minor courses: Intermediate Financial Accounting I and II, Management Accounting, and Tax Principles and Policy
(Source #11)

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https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings

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https://www.ucas.com/careers-advice/employment/how-to-become-a/accountant#:~:text=If%20you%20decide%20against%20a,can%20pursue%20this%20career%20path.

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Think accountancy is all about number-crunching? Think again! There’s far more to being an accountant than just figures.

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https://www.businessnewsdaily.com/11079-daily-accounting-checklist.html

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Make Accounting Part of Your Business’s Routine - businessnewsdaily.com

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Use this handy checklist to divide your company’s accounting into daily, weekly and monthly tasks.

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1. Refresh/update financial data
It is essential to do this every day, because it’s easier to spot discrepancies with recent transactions.

2. Reconcile cash and receipts
Helps see if their are cash shortages or overages
3. Reconcile transactions
Look for any errors
4. Record and also categorize expenses
(Source #8)

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Can major in accounting, but not offered at many colleges.
"If you decide against a degree in accounting, alternative degrees for would-be accountants include maths, economics, business, management and finance"
UCLA offers business econ major, can minor in accounting
(Source #9)

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May require license or certification - larger firms will need the employees to get their CPA, EA, etc. This helps you get into higher and better paying positions
Difficult to earn over $100,000 - This money is only offered in top firms where you may have to work overtime
Difficult degree - "The accounting degree itself requires a lot of hard work and focus, with little time to socialize."
Competitive to get entry level jobs

(Source #7)

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The bachelors degree could be in accounting or business. If the CPA exam is taken, this can increase ones' job opportunities as it makes you look more employable.
"Job opportunities increase significantly for accountants who obtain a CPA license."
(Source #6)

Possible schools to get MBA in business
UC Berkeley
Stanford
University of Pennsylvania
UCLA
Harvard
(Source #10)

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https://cpacredits.com/resources/advantages-disadvantages-accountant/

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Accounting isn't for everyone any more than any other career is the perfect fit for all. There are many individuals who start out loving accounting in college and then later discover that they do not actually enjoy practicing it in the real world. The reverse is also true.

Below we will simply be providing you with some pros and cons of the accounting career to help you decide whether it's for you. We have also listed a few useful articles at the bottom of this piece that might help you to figure out whether accounting is for you.

Advantages of Being an Accountant

Job security

There is always a demand for accountants somewhere in the country. Although there are some exceptions to this, in most states it is considered a stable career choice.

Advancement opportunities

Unless you are working for a very small company, there are generally many opportunities for promotion in the accounting field. Transfers or moving to another company after gaining sufficient experience are also options. Networking and making use of social media platforms such as LinkedIn are powerful tools to this end.

Transferable skills

If accounting does not work out for you, many of the skills can be transferred to other fields. Examples include teaching, data analytics, compliance and FBI positions.

High salaries

Relative to most other professions, accounting pays well. Accountants are estimated to earn between $55,015-$68,315 on average depending on their level of experience and other factors, which puts them in the top 10% of earners according to the US Bureau of Labor Statistics.

Entrepreneurial potential

Once you have gained enough experience and built a good network, you could also look into opening your own private firm to assist small businesses and private individuals.

Disadvantages of Being an Accountant

You May Require an Advanced License or Certification for A Senior Level Position

Many mid-to-large sized firms will require employees to obtain a CPA or possibly EA or other license or certification before they will consider them for a senior position. In private practice, other financial management certifications will also be preferred for consideration for promotion and receive higher salaries than their unlicensed counterparts. While its not technically necessary in industry, those with CPAs and other licenses and certifications will usually receive higher salaries and may be chosen for promotions over those who do not have any advanced licenses or financial certifications.

It is extremely difficult to earn more than $100,000

The really high paying positions will be in top level firms or Fortune 500 companies which will require a lot of overtime, often unpaid, a poor work/life balance and no guarantee of ever obtaining the high-level positions due to the cut-throat competitiveness, charisma, networking and sometimes nepotism that can go with it.

It is a difficult degree

The accounting degree itself requires a lot of hard work and focus, with little time to socialize.

Fierce competition

Accounting is a difficult field to get into at the entry level. It is a good idea to start networking and possibly doing internships while in college for the best chance of finding a full-time position.

Repetitive and boring

Although the work can be diverse and require a lot of problem-solving, much of the work, especially in the beginning can be repetitive and boring. This is because the grunt work will usually be given to the lower-ranked employees so that they can hone their skills, and so that the higher level accountants can focus on their own more complex tasks, as well as the face that, as with all jobs, there are a lot of non-fun tasks that just need to get done.

Related articles:

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Advantages and Disadvantages of Becoming an Accountant - CpaCredits

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Accounting isn't for everyone any more than any other career is the perfect fit for all. There are many individuals who start out loving accounting in college and then later discover that they do not actually enjoy practicing it in the real world. The reverse is also true.

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Job security - There is always accountants needed everywhere, easy to get a job
Opportunities to Advance - It is easy to get promotions and move from a smaller business to a larger one once you gain experience.
Skills are Transferable - If you do not end up enjoying accounting, your skills can be used elsewhere such as data analytics or in the FBI
High Salary - Accounting pays well, top 10% of earners
Entrepreneurial - After you gain experience you can open your own firm and help small businesses with their finances.
(Source #7)

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https://www.accounting.com/careers/overview/

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Accountants investigate financial reports and prepare tax documents. Accounting careers encompass varied paths and industries. Accountants can work as clerks, managers, forensic accountants, and auditors. They may also advance to high-level executive jobs.

Many accountants work in tax preparation, bookkeeping, and payroll services. Others work in finance, insurance, and government. Accountants can work for large companies, in small businesses, or as self-employed professionals.

Those considering a career in accounting might choose the field for its vast options. Accountants work in many industries and enjoy steady demand across the country.

Accountants need a bachelor's degree to begin working in the field. Some decide to obtain certified public accountant (CPA) licensure to increase their employability. Obtaining CPA credentials usually entails additional college coursework.

On this page, readers can explore the daily tasks required of an accountant. These sections also cover important skills, salary details, and possible accounting career paths. This page acts as a hub for all accounting careers and specializations on the site.

Accountant Duties

Accountants prepare and monitor their organizations' financial records. They calculate cash flow, expenses, and tax obligations. They may also oversee payroll and handle billing processes. Accountants work with other managers, reporting regularly on their companies' financial status. They often assess financial performance and make improvement suggestions.

Frequent accounting tasks include:

Tax Preparation: Accountants determine how much a company owes in federal, state, and local taxes. They take note of tax deadlines, prepare the necessary paperwork, and ensure the company pays on time.

Record Keeping: Accountants track money that enters and leaves their organization. They assess items such as cash flow and debt, ensuring that the company keeps accurate and appropriate records. They also maintain information systems for financial data.

Risk Assessment: Employers rely on accountants to report on any financial risks. Managers involve accountants when considering new projects. Accountants can also estimate the risks associated with financial statement errors.

Internal Audit: When accountants perform an internal audit, they examine their company's financial records in detail. They use this data to suggest more efficient financial processes. They also search for fraud.

Financial Transactions: Accounting professionals often administer payroll, pay vendors, communicate about billing issues, and collect payments.

Key Hard Skills for Accountants

Math: Because they spend so much time preparing and analyzing financial documents, accountants need excellent math skills. They often use algebra, calculus, and statistics in their daily work.

Bookkeeping: Accountants need to know the accepted practices for preparing and presenting financial reports. Depending on the specific position, they need to know how to maintain ledgers and prepare bank deposits.

Software: Accountants use specific software programs to perform their jobs. They may need to be familiar with programs like Microsoft Excel and Intuit Quickbooks. Other popular accounting software includes Sage 50 Accounting, Oracle E-Business Suite Financials, and ATX Total Tax Office.

Communication: Managers need updates on the financial status of their company. Accountants need to communicate well both orally and in writing to ensure that organizational leaders can understand complex reports.

Key Soft Skills for Accountants

Critical Thinking: Accountants regularly dig into records to analyze the financial health of companies. They need the ability to understand the data they see and use it to suggest improvements.

Detail Orientation: Accountants may deal with many accounts and records in their work. They need to understand the details of financial regulations and apply them to their company's operations.

Organizing Skills: Because they keep important records, accountants need to easily access information about their company's financials. Without good organizing skills, tasks and records can get lost.

Teamwork: Though accountants perform many solo tasks, they often coordinate projects with other team members. They also need to work with management teams and company executives. Thus, they must work well with others.

Top Online Bachelor's

Explore programs of your interests with the high-quality standards and flexibility you need to take your career to the next level.

How to Become an Accountant

Aspiring accountants need a bachelor's degree in accounting or business to begin work in the field. A bachelor's degree usually takes about four years and 120 credits to complete. Those with an associate degree might enter the field as bookkeepers or accounting clerks.

Job opportunities increase significantly for accountants who obtain a CPA license. To qualify for the CPA exam, accountants must complete 150 college credits. Therefore, many accountants earn a master's degree. Some schools offer five-year combined accounting programs, after which graduates hold the necessary credits for CPA licensure. Some states also require age minimums, work experience, and citizenship.

Depending on the specific accounting career, individuals might also pursue designation as a personal financial specialist, certified internal auditor, or certified management accountant (CMA).

Accountant Salary and Career Outlook

The BLS reported a median annual salary of $73,560 for accountants as of May 2020. The BLS projects demand for accountants to grow by 7% from 2020-2030, on pace with the average growth rate for all occupations.

The BLS reported a median annual salary of $73,560 for accountants as of May 2020.

With accountants needed in a variety of industries across the country, those aspiring to enter the field can take advantage of plenty of choices. Accounting can provide a stable career as increased international business and complicated taxes require more financial professionals.

Accountant salary varies depending on the specialty, education level, and experience. Location can also impact salary. The sections below explore the salary specifics for accountants.

Accountants

Median Annual Salary, 2020

Salary by Education

Accountants can increase their earning potential by pursuing higher education and industry credentials.

Aspiring accountants should remember that CPA certification requires 150 credits, which often means completing a master's degree.

As the table indicates, those with a bachelor's in accounting earn an average annual salary of $72,000. Though a master's degree increases the average salary slightly, much larger jumps occur with industry credentials such as CPA or CMA certification.

Aspiring accountants should remember that CPA certification requires 150 credits, which often means completing a master's degree.

Tests like the CPA exam require study time and additional fees. Some states mandate additional tests, such as an ethics exam. Extended timelines and upfront costs might deter some accountants from pursuing the CPA. However, the large salary increases and additional job opportunities can make the effort worthwhile.

Top Online Bachelor's

Explore programs of your interests with the high-quality standards and flexibility you need to take your career to the next level.

Salary by Location

The table below illustrates how location can impact accounting salaries. The top-paying states for accountants include the District of Columbia, New York, and New Jersey.

These areas tend to pay higher salaries, but they also include some of the country's largest urban centers. While city living can be exciting, population density can also mean higher costs of living, smaller apartments, and a more challenging quality of life.

Accountants who want to live in more rural areas might consider the top-paying nonmetropolitan areas, such as Northwest Colorado and the Eastern Sierra-Mother Lode region of California.
Top-Paying States for Accountants, 2020 Top-Paying Metropolitan Areas for Accountants, 2020

Metropolitan Area

Number of Accountants Employed

Average Annual Salary

Explore Accounting Careers

Accountants may specialize in a specific field or industry. Specializing allows accountants to follow their interests while making their expertise more attractive to certain employers. Explore the possibilities of accounting career specializations below.

Questions About How to Become an Accountant

What does an accountant do?

Accountants manage financial operations for their organizations. They keep records, monitor transactions, and prepare and file tax documents. They also analyze financial reports and make improvements for increased profitability.

Accountants can specialize in a variety of topics within the field. They can work as public accountants, tax specialists, financial advisors, or auditors. Forensic accountants investigate fraud.

What are accountant requirements?

Accountants need a bachelor's degree to qualify for entry-level jobs, though bookkeepers and accounting clerks may begin their careers with an associate degree. Many accountants pursue a master's degree and CPA licensure.

Where do most accountants work?

Accountants work in many fields. The top-employing industries for accountants include tax preparation, bookkeeping, and payroll services; finance and insurance; and government.

How much do accountants make?

According to the BLS, accountants earn a median annual salary of $73,560. Accountants can increase their earnings by earning a master's degree and professional licensure (e.g., CPA certification).

Featured Image: Blend Images - JGI/Jamie Grill / Getty Images

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How to Become an Accountant: Salary and Career Outlook

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Accountants investigate financial reports and prepare tax documents. Accounting careers encompass varied paths and industries. Accountants can work as clerks, managers, forensic accountants, and auditors. They may also advance to high-level executive jobs. Many accountants work in tax preparation, bookkeeping, and payroll services. Others work in finance, insurance, and government.

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https://money.usnews.com/careers/best-jobs/accountant/salary

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How Much Does an Accountant Make?

Accountants made a median salary of $70,500 in 2018. The best-paid 25 percent made $92,910 that year, while the lowest-paid 25 percent made $55,070.

Salary Outlook

What is the Outlook for Accountants?

The BLS projects 90,700 new jobs to open in the accounting field by 2028. The profession is expected to grow by 6%.

Best-Paying Cities for Accountants

The metropolitan areas that pay the highest salary in the accountant profession are New York, Salinas, Bridgeport, Washington, and San Francisco.

The 5 Best-Paying Cities for Accountants

Best-Paying States for Accountants

The states and districts that pay Accountants the highest mean salary are District of Columbia ($98,130), New York ($96,300), New Jersey ($90,400), Virginia ($85,640), and Connecticut ($84,890).

How Much Do Accountants Make in Your City?

See current salary offers for jobs in your field.

What is the Accountant Salary by Place of Employment?

In addition to region and education, factors such as specialty, industry and employer have an effect on an accountant's salary. The top-paying places of employment with the highest average annual salaries for this career include school and employee bus transportation ($109,250); the federal executive branch ($100,080); securities and commodity contracts ($97,000); other investment pools and funds ($96,770); and other pipeline transportation ($93,590). Many accountants work full-time. Accountants' schedules are typically busier during tax season and at the end of each budget year.

Frequently Asked Questions

Q: What is the salary range for accountants?
A: In 2018, the lowest-paid accountants earned an average annual salary of $43,650, while the highest-paid made $122,840.

Q: What is the salary for an accountant in California?
A: Accountants employed in California earned an average salary of $84,430 in 2018.

Average Accountant Pay vs. Other Best Jobs

Jobs Related to Accountant

Bookkeeping, Accounting and Audit Clerk - Average Salary $42,110
A bookkeeping, accounting and audit clerk's duty within an organization is to produce final records and check those records for accuracy. These financial professionals also keep records of financial transactions and keep statements up to date.

Financial Analyst - Average Salary $100,990
A financial analyst helps businesses and private citizens make investment decisions. A financial analyst keeps a close eye on stocks, mutual funds, bonds and other relevant investments to help clients make the most informed decisions possible.

Financial Advisor - Average Salary $121,770
A financial advisor advises clients on all things financial, including investments, insurance, mortgages, higher education savings, estate planning, taxes and retirement. Financial advisors help clients plan for life events that will affect their finances and monitor their accounts in order to meet their financial goals.

Financial Manager - Average Salary $146,830
A financial manager's duties go beyond simply monitoring an organization's finances. These financial professionals create financial reports, are in charge of investment activities and strategize long-term financial plans for their organization. Specific financial manager jobs include chief financial officer, controller, treasurer, finance officer, credit manager, cash manager, risk manager and insurance manager.

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How Much Can an Accountant Expect to Get Paid?

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Accountants made a median salary of $70,500 in 2018. The best-paid 25 percent made $92,910 that year, while the lowest-paid 25 percent made $55,070. The BLS projects 90,700 new jobs to open in the accounting field by 2028. The profession is expected to grow by 6%.

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https://www.accountingseed.com/resource/blog/top-7-issues-accountants-face/#:~:text=A%20constant%20challenge%20for%20accountants,systems%20to%20handle%20taxes%20online.

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Every profession has its unique challenges. The accounting industry is no different. Let's look at the top 7 issues accountants face today and how to overcome them.

Are Accountants Still Relevant?

Top Issues Facing the Accounting Industry in 2022

The biggest issues accountants face will range individually of course, but much of it will involve technology and growing competition.

Follow along for 7 of the biggest threats and issues to the accounting profession, as well as some insights on how you and your accounting department can best overcome these challenges.

1. Lack Of IT Literacy in the Accounting Field

For more details on why IT implementations in accounting departments go poorly so regularly, read on in the Why Accounting IT Implementations Fail guide.

2. Accounting Automation

Related to technology, automation is going to be a challenge for accountants, but not in a way that will eliminate their profession. Automation and even AI will not replace but actually enhance the accountant's role they can successfully deploy and use these tools. One of the big challenges for financial experts is being able to harness more automated functions to enhance the value of accounting processes.

3. Changing Client Relations For CPAs And Accounting Firms

Competition is always a challenge for financial experts, whether they're solo Certified Public Accountants (CPAs) or accounting firms. With companies' resources stretched following the business setbacks of COVID-19, they need accurate accounting insight and a smooth experience.

4. The Accounting Profession Has New Skill Requirements

In addition to new technology requirements and pure accounting knowledge, accountants are facing a much more interconnected world. This means wearing multiple hats to understand how the financial picture is drawn. Specifically, this means becoming more adept in understanding business requirements, processes, and even customer behavior. Today the accountant is less about bookkeeping and more about data analytics.

In an uncertain economy, businesses need accurate, informed financial insight to save money and make the best decisions possible. Financial forecasting, financial analysis, and cash flow projection proficiency are critical skills to have now. The more proficient accountants are in these skills, the more valuable they become. Additionally, being able to create dynamic and business reports that answer exactly what the company needs to achieve key objectives are important.

5. Tax Laws are Ever Changing

6. Rising Competition In The Accounting Field

Competition poses a threat to those in the accounting profession. Accounting departments in companies seem to be shrinking in favor of external accounting services. Many accounting agencies also concentrate on specialized accounting skills like financial analytics and nonprofit accounting.

To keep up with your competitors, consider using accounting software to automate workflows related to previously tedious tasks like billing customers and paying vendors . Freeing up time will allow you to focus on keeping your current clients happy, and growing your client list.

7. Keeping Financial Data Secure

To prevent having your accounting data stolen from cyberattacks, learn more about how cloud-based accounting software can ensure data security by downloading our Free Guide to Financial Security: Accounting Systems.

Get Ahead With The Right Accounting Platform

Whether you're an individual accountant or accounting firm, you will thrive or struggle based on your accounting system. When you search for a solution, really consider how it will let you collect, visualize, and analyze financial data. Your system should help them do your job without skipping a beat and be flexible in a way to help your function and draw financial insight however you need. Here are a few key considerations when looking for the best accounting system for accountants to utilize.

Does the system provide an audit trail function to track specific information?

Is the accounting platform easy to use and adaptable to business needs?

How efficient are accounting processes?

What's the level of automation?

How flexible and robust are the reporting features?

Are there security features that fully protect the data?

Accounting Seed checks the box for each of these questions and more. We are an accounting solution built by and designed for accountants. Our accounting software is geared to help you improve workflow, expense management, and decision-making while keeping your data fully secure. Get ahead with automation, dashboards, and Salesforce integrations to help you tailor and maximize the customer experience.

For more free accounting resources, read on:

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Top 7 Issues Accountants Face - Accounting Seed

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Every profession has its unique challenges. The accounting industry is no different. Let's look at the top 7 issues accountants face today and how to overcome them. The biggest issues accountants face will range individually of course, but much of it will involve technology and growing competition.

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The main issue mentioned is that it can be very hard to keep up with the regulations on taxes. That is why accountants have to take CPA exams to be aware of changes in taxes and how to handle them.
(Source #3)

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https://universityhq.org/best-colleges/california/online-accounting-degrees/#:~:text=According%20to%20the%20California%20Board,should%20take%20around%20four%20years.

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Professional Ethics Study Subjects: 10 Semester Hours

A minimum of 3 semester hours in accountants' professional responsibilities or accounting ethics at an upper division level or higher is required.

Maximum seven semester hours in courses in any of the following subject areas: Auditing

Business, Government and Society

Business Law

Business Leadership

Corporate Governance

Corporate Social Responsibility

Ethics

Fraud

Human Resources Management

Legal Environment of Business

Management of Organizations

Morals

Organizational Behavior

Professional Responsibilities

In addition, the ethics portion may be comprised of a maximum three semester hours in courses from the following disciplines: But the course title must contain one of the following words or terms:

Introduction; General; Fundamentals of; Survey of; Introductory; Principles of; Foundations of.

Find Colleges Offering Accounting Programs Online

This course requirement list is quite strict and credits cannot be used to qualify more than once. For example, if you take a three credit hour course titled "Business, Society, and Government" you could use all three credit hours towards your Business or Ethics requirement or split the hours with one going towards Business and two going towards Ethics requirements but you'll find that you cannot use the class as three hours towards Business as well as three hours of learning toward Ethics requirements.

If you have earned your master's degree in accounting it will satisfy the 20 semester hours of accounting study, and the hours completed in the fulfillment of the master's degree can be counted toward the other three educational areas: 24 semester units of accounting subject, 24 semester units of business-related subjects, and 10 semester units of ethics study. In addition, completion of a Master of Accounting, Taxation, or Laws in Taxation is equivalent to the 20 semester hours of accounting study.

Taking the California CPA Exam

You may sit for the exam once you have earned your bachelor's degree and have completed the 24 semester hours each in accounting and business. The California CPA exam is overseen by the California Board of Accountancy, the state board associated with the National Association of State Boards of Accountancy (NASBA), so your first step will be to start the application process on their website. Your school transcripts must be submitted directly to the CBA so that should be your first step after creating an application account. Keep in mind that most schools allow two to six months until degrees are posted on official transcripts and another 10 to 15 days to process a transcript request so there may be an extended time frame from when you start the process and when you are eligible to sit for the test.

Make sure all information is correct on your application, and keep your account information updated if you move during the process. The initial application fee is $100 and, if you need to reapply at a later date, the fee is $50. The CBA does comply with Title II of the Americans with Disabilities Act, so if you require reasonable accommodations if you have a physical or mental disability or medical condition, don't keep it to yourself, you should let them know in advance.

Search Programs Offering Accounting Majors

The exam itself is comprised of four sections and you may take them separately or all at once, though most people spread them out since they last four hours each and are particularly difficult. You should know how you plan to take the sections and in what order long before you sign up.

The Auditing and Attestation (AUD) section covers generally accepted auditing standards and procedures as well as the ability to apply them in auditing.

The Business Environment and Concepts (BEC) section assesses your knowledge of responsibilities of the profession as well as the legal implications of business transactions as they relate to accounting and auditing.

The Regulation (REG) section evaluates your knowledge of principles and procedures for federal income, managerial accounting, estate, and gift taxation, and accounting for governmental or a not-for-profit association.

The Financial Accounting and Reporting (FAR) section covers knowledge of generally accepted accounting principles for businesses, including financial accounting concepts and standards as well as their application in public accounting engagements.

Because the exam sections may be taken individually, you will pay separately for each section as follows:
It will take about a week to process your payment, at which time you'll receive your Notice to Schedule (NTS). You'll need the NTS for admittance to the exam so keep it in a safe place.

The test is given in three month windows with the first two months of each window being the time frame for sitting for the exam. They are as follows:

You may take one or all four test sections in any given window but may not take the same section twice in the same window. The test is given at Prometric Testing Centers throughout California so you'll be able to choose a testing center site convenient to your location. When you arrive at the testing center you are required to have your NASBA issued NTS and two forms of valid, current identification (ID) including one with a photograph. You will not be allowed to sit for the exam if you do not meet these requirements, and these are the only items you'll be allowed to carry into the exam room. All other possessions will be stored in a locker during the testing period.

Test scores are released approximately two weeks after the exam is completed and can be found on your CBA account, which is updated daily. A score of 75 or higher is a passing grade, and you have an 18-month window to complete and pass all four sections of the exam. Failure to complete all four exams successfully within the 18-month time frame will result in having to take one or more exams over, even if you passed that section in the past.

Find Colleges Offering Accounting Programs Online

Continuing Professional Education Requirements

Your CPA license is valid for a two-year period, and it expires every other year at midnight on the last day of your birth month. The renewal fee is $120 and you must provide proof of continuing education requirements (CE) when you renew your license.
Your CE courses must be completed within the past two-year time frame and a minimum of 12 hours must be in non-technical subject areas such as the following:

Auditing and Accounting

Computer and information

Consulting

Fraud

Financial planning

Taxation

The other eight hours of CE will be in non-technical subjects such as:

Communication skills

Negotiation and motivational techniques

Marketing and sales

Office management, practice management, and personnel management

Word processing

Because continuing education requirements may change you should keep abreast of the subject through CPA organizations and associations as you work in the field.

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Best Accounting Degrees in California for 2023 - CPA Exam Requirements in CA | UniversityHQ

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Professional Ethics Study Subjects: 10 Semester Hours A minimum of 3 semester hours in accountants' professional responsibilities or accounting ethics at an upper division level or higher is required.

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Typically, in order to become an accountant, you need a bachelors degree that has an emphasis on accounting. If you do not have a four-year degree, you will not be able to take the CPA exam which is required for this field.
(Source #2)

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https://resources.workable.com/accountant-job-description#:~:text=An%20Accountant%20helps%20businesses%20make,are%20accurate%20throughout%20the%20year.

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Recruiting Resources: How to Recruit and Hire Better

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An Accountant helps businesses make critical financial decisions by collecting, tracking, and correcting the company's finances. They are responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year.

This Accountant job description template is optimized for posting on online job boards or careers pages. You can easily customize this template to add any accountant duties and responsibilities that are relevant to your company.

Accountant responsibilities include:

Tracking payments to internal and external stakeholders

Preparing budget forecasts

Processing tax payments and returns

Job brief

We are looking for an Accountant to manage all financial transactions, from fixed payments and variable expenses to bank deposits and budgets.

Accountant responsibilities include auditing financial documents and procedures, reconciling bank statements and calculating tax payments and returns. To be successful in this role, you should have previous experience with bookkeeping and a flair for spotting numerical mistakes.

Ultimately, you will provide us with accurate quantitative information on financial position, liquidity and cash flows of our business, while ensuring we're compliant with all tax regulations.

Responsibilities

Manage all accounting transactions

Prepare budget forecasts

Publish financial statements in time

Handle monthly, quarterly and annual closings

Reconcile accounts payable and receivable

Ensure timely bank payments

Compute taxes and prepare tax returns

Manage balance sheets and profit/loss statements

Report on the company's financial health and liquidity

Audit financial transactions and documents

Reinforce financial data confidentiality and conduct database backups when necessary

Comply with financial policies and regulations

Requirements and skills

Work experience as an Accountant

Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP)

Hands-on experience with accounting software like FreshBooks and QuickBooks

Advanced MS Excel skills including Vlookups and pivot tables

Experience with general ledger functions

Strong attention to detail and good analytical skills

BSc in Accounting, Finance or relevant degree

Additional certification (CPA or CMA) is a plus

Frequently asked questions

What does an Accountant do?

An Accountant takes care of all financial matters within a company, like keeping and interpreting financial records. They may oversee responsibilities like reconciling bank statements and calculating payroll to keep their company in strong financial standing.

What are the duties and responsibilities of an Accountant?

The responsibilities of an Accountant can be quite extensive, from auditing financial documents and conducting financial audits to reconciling bank statements and calculating taxes when filling out annual returns.

What makes a good Accountant?

A good accountant is not just someone with finance skills but also an expert in human relations and communication. They must have exceptional integrity as they oversee financial records, and they must have strong communication skills to present detailed information in a manner that's easy to understand.

Who does Accountant work with?

Accountants work with business leaders in small companies or with managers in large corporations to ensure the quality of their financial records. Accountants may also collaborate with individual team leaders to retrieve and audit financial records throughout the year.

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An Accountant helps businesses make critical financial decisions by collecting, tracking, and correcting the company's finances. They are responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year. This Accountant job description template is optimized for posting on online job boards or careers pages.

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An accountant helps a business make financial decisions. They collect, track, and may also correct the finances as they come. Finally, they are also required to create financial audits, create bank statements, and ensure that all records are correct.
(Source #1)

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You can find an accounting job pretty much anywhere, but some cities are better than others and offer better jobs i.e. New York, Los Angeles, and Washington D.C. are top 3. New York average salary is 93,480 for accountants and it is $78,090 in LA for accountants.
(Source #13).

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Accountants made a median salary of $77,250 in 2021. The best-paid 25% made $99,800 that year, while the lowest-paid 25% made $60,760.

(Source #4)

How much you make can vary on location
"Staff accountant salaries can vary depending on where a person lives. States with higher costs of living — like California and New York — may offer higher-paying positions"
(Source #12)