Salary for an Accountant
Accountant jobs demands following activities viz. to prepare profit loss statements, to prepare balance sheets and other financial reports. The accountants analyze trends, revenues, financial commitments etc. The person should have a bachelor's degree and specialization in particular subject. Salary of an accountant depends on the experience and qualification. Accounting has been a profession from time immemorial and deals with different types of financial affairs of the company. Accountants deal with company revenue, profits, taxes, salaries etc. A finance and accounts section is maintained in every organization that deals with large revenue inputs.
The accountants are broadly divided as accountants, cost accountants and financial reporting accountants. The duties of the accountants are broadly described above. Depending upon the area of expertise and experience an accountant achieves, he/she has to look into reports from finances as well as management, resource utilization, tax strategies etc.
The cost accountants establish and execute cost accounting methods. They prepare cost report analysis and costing audits. The cost accountant should be familiar with standard concepts, practices and procedures etc.
Financial reporting accountants collect, evaluate and organizes finance related data. The reporting is as per the guidelines set by SEC and GAAP. The financial reporting accountants work on proposals regarding company policies.
The salary of an accountant depends upon various factors such as the country and the sector you work in, experience and education etc. The salary of an accountant with up to two years experience in US is $43,905 per year. The salary of an experienced accountant having two to five years experience in US is $52,618 per year. The salary of the experienced tax accountant in US is $58,737 per year.
Salary of the accountant in India with minimum work experience 1 year can be approx. Rs.1,20,000 per year. This salary is offered in mega cities like Mumbai. The salary may vary from small towns to mega cities. The accountant salary also matters a lot whether you are working in government sector or private sector.
Salary of an accountant in Canada:
- Experience 0 to 3 years, Education: Bachelor's degree: $44,890 per year
- Experience 2 to 5 years, Education: Bachelor's degree: $48,349 to $63,519 per year
- Experience 5+ years, Education: Bachelor's degree: $57,628 to $80,472 per year
Salary of a top accounting executive in Canada:
Experience 15+ years, Education: Bachelor's degree: $104,424 to $134,535 per year
So the above information mentioned must have given you a rough idea about salary structure of an accountant.
Questions and Answers
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