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A staff accountant’s duties include bookkeeping and maintaining accurate accounting records, whether he is employed at a governmental agency, a public company, or a private firm. Such records will include accounts receivable, Accounts Payable, income, payments, and a monthly reconciliation of all types of accounts. A staff accountant will prepare and present a variety of reports regarding each account such as a cash flow analysis, income analysis, comparisons to previous months’ and/or years’ statistics, and projections for all accounts. He will also prepare any state or federal tax documents required.
Required Education
Staff Accountants should possess at least a bachelor’s degree in accounting. Statistical analysis, business law, public speaking, business mathematics, tax law, and financial statement analysis should be included in the core curriculum. If the position requires reporting to the Securities and Exchange Commission (SEC), the staff account must be a Certified Public Accountant (CPA), though many agencies will require a CPA regardless of SEC involvement. The American Institute of Certified Public Accountants administers the CPA exam, which encompasses auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. All four components must be completed successfully within eighteen months of the completion of the first unit, and all CPAs are required to complete 120 hours of continuing education every three years.
Salary and Projected Industry Growth
According the US Department of Labor, Bureau of Labor Statistics, the average annual wage for an accountant/auditor was $65,840 in May 2008. This figure is an average. It includes accountants/auditors at all levels of education and experience. Therefore, it does not reflect the reality of starting salaries. Payscale.com lists an average starting salary for a staff accountant at $37,304. The Bureau of Labor Statistics anticipates that the need for accountants and auditors will grow at a faster rate than other sectors, through 2018, due to regulatory changes. Also, the bureau went on to state that accountants, with higher education degrees and certifications, will command the greatest pay. They will be able to find employment more easily than individuals without such training.
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Difference between an accountant and a staff accountant?
Well, "Staff Accountant" is the name of a position whithin an accounting firm. After being a staff accountant you can become a Senior Staff Accountant, and then a Manager and ultimatelly a partner of the accounting firm. Whereas, an accountant is any person that works either in public or private accountancy.
How much does a staff accountant make?
$2500/month
Where can one find staff accountant jobs in Washington D.C.?
There are many places that one could find staff accountant jobs in Washington, DC. One could find accountant jobs through websites like Linked In or Career Builder.
What are the duties of a staff accountant?
Staff accountant is responsible for maintaining financial report general ledgers, records and prepares the budget. They also do meeting with the clients to discuss the financial matters such as liability and tax.
Difference between an accounting clerk and a staff accountant?
An accounting clerk records a specific category of financial transactions. Generally, a high school education is only required. A staff accountant is an entry level accounting position. Tasks will vary from bookkeeping duties, to preparing financial statements. Related college courses are often required as a staff accountant.
Difference between jr accountant and staff accountant?
Junior accountants performs daily journal entry tasks and tends to general financial records. Staff accountants perform all facets of the company's expenses and benefits for employees.
Where can someone find postings for staff accountant jobs?
There are a large variety of different places where one can find postings for staff accountant jobs. These places include, but are not limited to, websites like Forbes and other employment options websites similar to it.
what is a staff accountant?
A staff accountant typically works and reports to the Accounting Supervisor. These technical positions deal with financial issues such as ensuring balance sheets are current. They also may work on special financial projects as directed by the supervisor or controller.
What qualifications does a staff accountant need?
Most accountants and auditors need at least a bachelor's degree in business, accounting, or a related field. Many accountants and auditors choose to obtain certification to help advance their careers, such as becoming a Certified Public Accountant (CPA).
Is it necessary for a finance manager to understand accounting if the firm has a professional accountant on staff?
Absolutely - at least well enough to understand what the accountant is saying. Part of the finance manager's job is to help make decisions about the company's future. All the accountant can do is tell the manager about the company's present. Another part of the finance manager's job is to know the right questions to ask the accountant.
What is the difference between a cost accountant and staff accountant?
Question is in Factory or establishment if a person is working as a cost accountant then what is his status. Whether he is a workman or employee. Difference between an employee and workman is that they are differently treated. A workman is governed by Industrial law whereas the other class are governed by service rules.
What does an Staff accountant do?
A staff accountant’s contributions to an organisation’s bottom line cannot be overstated. Tasks assigned to them include keeping accurate financial records, balancing accounts, and generating financial reports. Accounts payable and receivable are two areas that in-house accountants often handle. Budgeting, tax preparation, and more are a few areas where they can assist. Furthermore, they aid in making sure that all financial laws are followed appropriately. A staff accountant is crucial in ensuring that a company’s finances are in order, that decisions are well-informed, and that regulations are followed. Are you in need of a reliable accountant for your business in Ireland? Feel free to contact Outbooks at +44 330 057 8597 to learn more about efficient accounting and bookkeeping solutions in Ireland!
