Accountants are responsible for maintaining proper financial records for individuals and businesses alike. They file tax forms and advise clients on tax laws, ensuring that their clients pay the appropriate amount of taxes.
Many accountants work in the private sector and the government while nearly one-fifth work in accounting or payroll services type firms. Appoximately 10% of all accountants are self-employed.
Accounting Facts and Stats:
Duties of an Accountant: The typical accountant job description includes ensuring that their clients have paid their taxes and reported their finances correctly to various government agencies. They also often offer budget analysis, investment planning, and limited legal services such as incorporation. Clients may include individuals, small businesses, or large corporations.
Accounting Work Environment: Accountants typically work in an office setting. Those that are self-employed may work out of a home office. They often work a 40-hour work week, although many accountants work overtime during tax season.
Accountant Education and Training: Most accountants complete at least a Bachelor's degree in accounting, business, or a related area of study. In addition to the education required, many accountants also choose to become Certified Public Accountants (CPA's). In order to become a CPA, an individual must pass the CPA exam and meet the requirements of their particular state.
Accounting Job Outlook: Employment rates for accounting careers is expected to grow faster than the national average for all careers. This is due in part to a growing economy which will result in an increase in new businesses and changes in tax laws. Tax accountants with a Master's degree or certification will gain the best opportunities.
Accounting Salaries: The average salary of an accountant in May 2006 was $54,630. The middle 50% of all accountants and related occupations (including auditors) ranged from $42,520 and $71,960 as indicated by the Occupational Employment Statistics survey program.
