Hey! If you have an ambitious mind about your career, you can go ahead towards the accounting fields because there are lots of opportunities to get accounting jobs in all around the world. So, I want to give you a brief idea about the accounting jobs because it is very much important to gain a minimum knowledge about the jobs which you may be looking for. And I hope this idea will work to choose your better career option.
Job profile of an accountant:
An accountant makes a balance of the yearly income of any body and other organizations because of that reasons everyone requires accountant for making IT files. They will guide you according to the income tax law and will help you to develop your earning. They arrange the financial documents of the whole year and accordingly they prepare the balance sheet which is very important for all of us.
So, you must appoint the good accountant to solve your problem and to get guide. However now you do understand the strong requirement of accounting jobs in the job market. So, if you wish you have to take a relevant degree course like B.Com Hons or M.Com and as well as you need to do some other computer related courses such as Tally, advance excel and others.
These all things you are doing because of market competition because you have to compete with other candidates also. Everybody will try to present their own skills perfectly. So, you have to be ready to get the accounting jobs. One thing you must remember that it is the most responsible task and here you have to be conscious because your one mistake can spoil the business.
Accountants and their types of jobs:
Yes, it is true that there are several types of accountants and they do their job in different sectors. The accountants who are working in the private organization, they update their daily accounts. It is their main job and they are preparing financial information and these information basically uses internally by that particular organization. So, if you are eligible, you can apply for accounting jobs in any accounting firm or any other organization.
Therefore you can be self employed also and you may introduce yourself as public accountants. However, here also your duty is the same. You have to look after individual’s accounts and you have to perform on the audits. Ultimately, you have to make the tax file of each financial year. So, here you are not under any organization rather you are doing your job according to your way and here you are your own boss. However here you are handling your own clients. So, you realize the importance of accounting jobs at the present market.
Now I am going to say about the government accountants and their job responsibilities. They perform their job with the help of government agencies. They keep the all financial records. They keep an observation on the companies account and individual’s accounts. They give alert to make the IT file within a fix time. These are all their job responsibilities. So, if you want to get job in government sector as an accountant, then you need to appear for the government examination. There also you can get accounting jobs.
Qualification requires for this jobs:
Well, education qualification would be a serious matter for any accounting job seekers but no need to worry about it because if you have a bachelor degree in accounting and finance, you can apply for job. Therefore, I am mentioning the degrees like B.Com, M.Com, BBA (in Finance), MBA (specialized in finance), then you will be eligible to apply for accounting jobs for anywhere in the world.
Let’s have a look of different accounting job titles:
- Accountant: Their basic job responsibilities are analyze, prepares and maintain the finance and I have told it earlier also. According to the survey of U.S. Bureau of Labor Statistics, the salary and the accounting jobs’ demand will be increasing until 2028.
Therefore, you need to know that there are several kinds of accountants. Wait! I want to mean that general to tax accountants but everyone has their own duties and it may be slightly different. But more or less they maintain the same practice in their job field. There are some different accountings Jobs’ titles such as below:
- Accounting Manager
- Accounting Supervisor
- Project Accountant
- Staff Accountant
- Cost Accountant
- Accounting Officer
- Business Analyst
- General Accountant
Next designation is Accounting Clerk:
These people basically can produces and maintain the financial records of the particular company where they are working but they need to report and answers to the company owner or accountant. Therefore, they do the data entry work. It means that they keep the all financial records and they need to keep receipts also. In some organization, they are known as bookkeeping clerks but some people call them auditing clerks also. So, there are also some job titles such as below:
- Administrative Assistant
- Accounting Secretary
- Finance Clerk
Now Auditor’s responsibility:
However, they have the almost same duty and responsibility like an Accountant. So, these are like analyzes, prepares, and manages financial records. Therefore, you must know that an auditor works for payroll and accounting service. In maximum cases, you can observe that they generally do not attach with any company as an employee. So, there are some job titles as below:
- Financial Auditor
- Internal Auditor
- Revenue Tax Specialist
- Audit Partner
- Assurance Senior
- Audit Manager
- Assurance Manager
- Internal Audit Director
Chief Financial Officer (CFO) is the person who deals with the finance. Therefore, they need to manage the finance of the particular company where they are working as employees directly. However, sometimes, they need to do the financial planning for the organization and they totally manage the entire financial department. So, they also need to report to the CEO of the company and company shareholders. Their minimum salary can be $183,270 to $200,000 per year. This statistic has been taken by the survey by the U.S. Bureau of Labor Statistics.
So, therefore you do realize that there are lots of job opportunities in the finance sectors but you have to be prepared to get the job. However I am giving some other accounting jobs’ titles as below:
- Finance Vice President
- Director of Finance
- School Treasurer
- Finance Manager
- Trust officer
- Equity Research Analyst
- Securities Analyst
- Investment Analyst
- Credit Products Officer and so many.
Accountants’ salary structure:
It is very true that we all want to make our career according to our interest and to make more money. This way, in accounting jobs, you can also earn more and more money but it depends on your work performance, skills and experiences. But one thing you have to understand that an accountant’s salary depends on their countries, location, experiences, skills and experiment.
Therefore, salary also depends on the employers (in private sectors) but in government sectors there has fix salary and rules. And if you are self-employed, so there is no way to say about the earning because it will depend on you and your clients quantity.
In India, salary for fresher accountant may be Rs.7000/-only to Rs.15000/-only because it depends on the city and the organizations. This is an average idea about fresher’s salary. The people who are experienced they can gain huge salary such as Rs. 30,000//-only to Rs.65000/-only or more than that (on city and country based).
In foreign country the accountant salary structure may be like this:
- Median Annual Salary: $69,350 ($33.34/hour)
- Bottom 10% Annual Salary: $43,020 ($20.68/hour)
- Top 10% Annual Salary: $122,220 ($58.75/hour)
However, it depends on the company and their processes. So, regarding salary, it is not possible to tell the exact figure but an accountant can earn approximately $77,920 per annul but it will depend on the designation, country, and organizations. But one thing has been cleared that in different countries in our Earth, there are huge accounting jobs.
So, in the conclusion we can assume that in the market, there are lots of accounting jobs but you have to be qualified for that.