People who work in accounting record, analyze, and maintain financial accounts and statements. They might work for the government, a large company, or a small business. Because accounting is an industry with a broad range of positions, there are many accounting-related job titles.
Most accounting jobs require a minimum of a bachelor’s degree in accounting, finance, business, or a related field. Some accountants pursue a master’s in business administration (MBA) after completing a bachelor’s degree in an unrelated field. Many bookkeepers only possess a high school diploma and excellent math skills. Also, someties, those attending college to become an accountant are able to make a decent wage by doing bookkeeping part-time.
If you already work in accounting, pay close attention to the job titles and descriptions. If your job title and description don’t match what’s listed, talk to your employer about changing your title appropriately. This could help you negotiate for pay increases. However, keep in mind that many accounting jobs require specific certifications and licenses, and these often affect your job title.
Frequently Asked Questions (FAQs) About Accounting Careers
1. What Career Options Include Creativity and Accounting?
Large corporations aren’t the only types of businesses that need accountants. Arts organizations, for example, also employ accountants to help maintain their finances. If you want to be creative in your accounting career, consider working with a business in a creative industry you’re passionate about.
2. How Do You Switch Careers Into Accounting?
Regardless of what career you started in, you can still become an accountant as long as you fulfill all licensing requirements. These include completing any requirements in your country.
3. What Are Entry Level Accounting Jobs?
There are several types of entry-level accounting jobs available. These positions include bookkeeper, accounts payable specialist, accounts receivable clerk, auditing clerk, payroll administrator, and assistant controller.
The Different Accounting Careers Available For You
When it comes to the accounting field, there are many types of jobs available
An accountant prepares, analyzes, and maintains financial records. They typically work for a company, managing that company’s finances, or they own and operate their own independent practice. They might perform a variety of tasks, including managing a company’s payroll, taxes, and various other payments.
There are many different types of accountants, from general accountants to tax accountants. Each role has slightly different duties. Here are some of the common job titles for those who are accountants:
- Accounting manager
- Accounting officer
- Business analyst
- General accountant
- Accounting supervisor
- Project accountant
- Staff accountant
- Cost accountant
2. Accounting Clerk
An accounting clerk produces and maintains financial records for a company, but answers to the accountant or to the business owner. They are tasked with data entry specific to financial records and receipts. They might enter financial information into computer software, check data for accuracy, and/or produce reports on this information. Also known as bookkeeping clerks or auditing clerks, they work in almost all industries. Some common accounting clerk positions include:
- Finance clerk
- Administrative assistant
- Accounting secretary
An auditor’s duties are similar to an accountant’s duties described above. Like an accountant, an auditor prepares, analyzes, and manages financial records. However, auditors typically work for an accounting or payroll service, rather than working for one particular company. Generally, an auditor checks the work performed by a company’s accountant. They often help multiple companies deal with their finances. Auditor job titles include:
- Revenue tax specialist
- Audit partner
- Financial auditor
- Internal auditor
- Assurance senior
- Assurance manager
- Internal audit director
- Audit manager
4. Chief Financial Officer
A chief financial officer (CFO) is the executive responsible for managing the finances of an organization. They are in charge of financial planning, maintaining financial records, and analyzing these records to inform executive decisions. They manage the accounting department, and typically report to the chief executive officer (CEO) and/or company shareholders. Of all the accounting job titles listed here, the CFO is the most senior position an accountant can attain apart from assuming a position as a CEO.
A controller is responsible for accounting activities for a particular company. They might prepare financial statements and budgets, process data, and/or prepare taxes. The controller typically reports to the chief financial officer (CFO) or may even be the CFO. Some of the jobs in the controller field include:
- Finance vice president
- Director of finance
- School treasurer
- Finance manager
6. Financial Analyst
A financial analyst evaluates businesses and projects to see if an entity is a good candidate for investment. Financial analysts might make recommendations to a particular bank, company, or to various investors about whether to invest in a particular company.
Rather than examining financial statements for tax and compliance purposes, financial analysts are concerned with cash flow trends, company valuations, and the viability of purchasing/issuing stock. Financial analyst job titles include:
- Trust officer
- Equity research analyst
- Planning analyst
- Real estate analyst
- Credit products officer
- Investment analyst
- Portfolio manager
- Securities analyst