How Much Does An Accountant Make?

By on July 26, 2011 in ArticlesHow Much Does

How much does an accountant make? An accountant earns an excellent salary for the work they perform.

An accountant is a practitioner of accounting, work that involves the measurement, provision or disclosure about financial information that helps tax authorities, investors, managers, and company decision makers make financial allocation decisions. Accountants keep public records accurately, help firms run efficiently, and taxes paid correctly and on time. Accountants communicate and analyze financial information for individual clients, companies, and State, Federal, and local governments.

CPA Salary

How much does an accountant make? / MARIO LAPORTA/AFP/Getty Images

Besides the fundamental tasks accountants provide by analyzing, preparing, and verifying financial documents, a number of accountants also provide financial and investment planning, information technology consulting, budget analysis, and legal services.

Specific job duties vary widely among the four major fields of accounting and auditing: public accounting, management accounting, government accounting, and internal auditing.

In the U.S. the difference between Certified Public Accountants (CPAs), Accredited Business Accountants (ABAs), and Certified Internal Auditors (CIAs) certifications is primarily the types of services provided and legal status, with individuals able to earn more than one certification. Some accounting work is performed by uncertified individuals under the supervision of a certified accountant.

Most accountant and auditor positions require at minimum a bachelor's degree in accounting or a related field. Employers may prefer accountant applicants with a with a master's degree in business administration with a concentration in accounting or a master's degree in accounting. Universities and colleges now offer programs to prepare students for specialty professions such as internal auditing. Continuing professional education courses, conferences, and seminars are also offered by professional associations.

In general, accountants and auditors will have good job opportunities, experiencing a faster than average employment growth of 22 percent from 2008-18. Accountants and auditors who have professional certifications, especially CPAs, will have the best job prospects in upcoming years.

How much does an accountant make per hour?

A May 2009 Bureau of Labor Statistics report shows the median hourly wages for accountants and auditors was $32.42.

Industry And Hourly Wage

Accounting, Tax Preparation, Bookkeeping,

and Payroll Services $35.54

Management of Companies and Enterprises $31.89

Local Government (OES Designation) $27.64

State Government (OES Designation) $25.98

Insurance Carriers $31.50

How much does an accountant make per year?

The median yearly salary for accountants and auditors according to a May 2009 Bureau of Labor Statistics report was $67,430.

Industry And Annual Wage

Accounting, Tax Preparation, Bookkeeping,

and Payroll Services $73,920

Management of Companies and Enterprises $66,330

Local Government (OES Designation) $57,490

State Government (OES Designation) $54,040

Insurance Carriers $65,520

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