Staff Accountant: Job Description, Duties and Requirements
Learn about the education and preparation needed to become a staff accountant. Get a quick view of the requirements as well as details about degree programs, job duties and necessary experience to find out if this is the career for you.
Staff accountants work for accounting firms, public companies, non-profit organizations and governmental agencies. They prepare documents, such as income tax returns, monthly reports and financial statements. Employers prefer a bachelor's degree in accounting and prior accounting experience.
|Required Education||Bachelor's degree in accounting|
|Other Requirements||At least one year of related work experience, which could include an internship|
|Projected Job Growth (2012-2022)||13% for all accountants and auditors*|
|Median Salary (2014)||$44,517**|
Source: *U.S. Bureau of Labor Statistics **PayScale.com
Staff Accountant Job Description
Staff accountants work under the supervision of a controller, director or certified public accountant (CPA). They maintain financial reports, records and general ledgers, prepare and analyze budgets and perform general bookkeeping. Many staff accountants are also responsible for billing activities, such as accounts payable and accounts receivable. A 40-hour workweek can be expected; many accountants prepare tax returns that can lead to potential overtime during tax season.
Staff accountants also perform administrative duties, such as maintaining schedules, providing telephone support, filing, transcription and the production of forms. The accountant may have additional responsibilities if employed by an accounting firm. In addition to preparing tax returns and financial statements, accounting firms represent clients on matters pertaining to their financial affairs. Typically, it is the staff accountants' responsibility to meet with clients to discuss their financial matters, such as real property, equipment and tax liability.
Staff Accountant Requirements
Typical requirements for the position include a bachelor's degree in accounting and one year of accounting experience, which can be gained from an internship position or previous employment.
A Bachelor of Science in Accounting is a 4-year degree preparing students with the necessary skills in accounting, business, management, information technology and ethics. Curriculum may include courses such as macroeconomics, business communications, computer applications, statistics and accounting information systems.
Potential staff accountants must possess basic mathematic skills, the ability to analyze figures, knowledge of accounting principles and excellent verbal and written skills. They must be able to multi-task, establish priorities and organize efficiently. Knowledge of computers and familiarity with accounting software is also essential. Some employers may require a criminal background check along with a written test performed at the time of application.
Employment Outlook and Salary Information
According to data from the U.S. Bureau of Labor Statistics (BLS), employment growth for accountants and auditors should be about average at 13% over the 2012-2022 decade (www.bls.gov). PayScale.com reported that staff accountants earned a median salary of $44,517 in 2014. Entry-level staff accountants had a median salary of $43,411annually.
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