Accounting Statistics

– The total number of Accountants and Auditors for 2010 in the United States was 1,216,900. By the year 2020, that number is expected to have a 16% increase to 1,407,600 accountants and auditors employed in the United States.

– In 2010, the median pay of Accountants and Auditors was $61,690 per year for an hourly wage of $29.66 per hour.

 

Level of Education

The majority of employers will require a bachelor’s degree. However, receiving a certification within a certain field will increase your chances of getting hired. For example, many accountants will take additional training to become a Certified Public Accountant.

 

Job Responsibilities

An an accountant you will be responsible for preparing and examining financial records. This can include, tax forms and preparation, maintaining financial records and books for businesses, assessing financial operations and consulting with companies on ways to reduce costs and improve profits.

 

Types of Accountants

Public Accountants – The majority of public accounts become Certified Public Accountants (CPAs) and will either go into business for themselves or join larger accounting firms. Their primary responsibilities include maintaining business records and ensuring that all legal financial laws and responsibilities are followed.

Forensic Accountants – Forensic accountants specialize in investigating financial records for inconsistencies and fraud. They normally maintain a close working relationship with the courts and law officials.

Government Accountants – Government accountants are employed by the local, state and federal governments. Their primary responsibility to ensure government funds and records are properly recorded and maintained.

Management Accountants – Management accountants are normally hired by larger corporations and organizations to analyze reports for budgeting. They play a very important role in formulating business plans.

Internal Auditors – Internal auditors work for private companies and organizations to investigate financial-related spending and look for fraud.

 

Online Degree Programs

To view a list of colleges that offer an online degree program, click here>>