Accountant

What is this job like?		Back to Top

Accountants and auditors keep track of a company's money. The company's managers and people outside the company read their reports. Managers look at the accountants' reports to see how well their companies are doing. Governments use the reports to tell how much tax a company should pay. Some people read them to decide if they want to do business with the company. Others use them to decide if they want to lend money to the company or not.

There are four kinds of accountants.

• Public accountants work for public accounting companies. They do accounting, auditing, tax, and consulting work. Some have their own businesses. They do many different kinds of accounting for people outside the company.
• Management accountants keep track of the money spent and made by the companies for which they work.
• Internal auditors make sure that a company's accounting records are right. They check the records to see that no one in the company is stealing. They also check to see that no one in the company is wasting the company's money.
• Government accountants and auditors make sure that government accounting records are right. They also check the records of people doing business with the government.

Accountants and auditors work in offices. They generally work a standard 40-hour week, but some work 50 hours a week or more. Tax accountants often work long hours during the tax season, from January to April. Accountants working for the government and public companies travel to audit other companies or branches of their own company.

How do you get ready?		Back to Top

Most accountants have a college degree in accounting. Public accountants have to take a special test as well, resulting in a certification. Public accountants also must have a special license from the State in which they live. Some employers want accountants who have a master's degree in business or accounting. Most employers want accountants who know quite a bit about computers. Previous experience in a summer or part-time internship is also a plus.

People who want to be accountants should be good at math, and have good analytical skills. They also should be able to write well, so that they can tell others about their findings.

How much does this job pay?		Back to Top

The middle half of all accountants earned between $42,520 and $71,960 a year in 2006. The lowest-paid 10 percent earned less than $34,470. The highest-paid 10 percent earned more than $94,050 a year. Earnings of accountants depend on how long they have been working.

How many jobs are there?		Back to Top

There were 1.3 million accountants and auditors in 2006. Most of them worked in cities, because that is where the large companies tend to be.

What about the future?		Back to Top

Employment of accountants and auditors is expected to grow faster than the average for all occupations through the year 2016.

Accountants have good job opportunities. This is because there will be new and changing laws that will increase the need for accountants; also, there will be more private companies that will need accountants. Accountants who have a lot of special skills, such as certified public accountants (CPAs) and certified management accountants, should have the easiest time finding a job.

Are there other jobs like this?		Back to Top

• Actuaries
• Bookkeeping clerks
• Budget analysts
• Claims adjusters, appraisers, examiners and investigators
• Cost estimators
• Financial analysts
• Financial managers
• Insurance sales agents
• Insurance underwriters
• Loan officers
• Personal financial advisors
• Purchasing managers, buyers, and purchasing agents
• Securities, commodities, and financial services sales agents
• Tax examiners, collectors, and revenue agents

Where can you find more information?		Back to Top

More BLS information about accountants and auditors can be found in the Occupational Outlook Handbook. The Handbook also shows where to find out even more about this job.

Last Modified Date: April 29, 2008