Accounting Administrator Salary and Career Information
Learn about the education and preparation needed to become an accounting administrator. Get a quick view of the requirements as well as details about degree programs, job duties and necessary skills to find out if this is the career for you.
Accounting administrators are much like other accountants, but they concentrate on specialized tasks to ensure that the financial data for a specific aspect within a company is accurate or complete. An associate's or bachelor's degree in accounting, business administration, or a related field is typically required for this position.
|Required Education||Associate's or bachelor's degree in accounting, business, administration, or related field|
|Other Requirements||Must understand and adhere to United States tax codes|
|Projected Job Growth (2012-2022)*||13% accountants and auditors|
|Median Salary (2013)*||$65,080 annually for accountants and auditors|
Source: *U.S. Bureau of Labor Statistics
An accounting administrator is responsible for completing duties in the areas of management, accounting, tax preparation, and financial planning services. Accounting administrators are business professionals with a knack for understanding the planning and organization within a corporation. These individuals help corporations function at maximum efficiency and achieve its goals.
Degrees & Credentials
Accounting administrators may have associate's or bachelor's degrees in accounting, auditing, business administration, or in other financial programs. During their careers, accounting administrators are responsible for corporate tax planning, preparation, and bookkeeping.
Impact of Sarbanes-Oxley
The Sarbanes-Oxley (SOX) Act of 2002 created many jobs for accountants and business professionals. The compilation of new tax rules and complex auditing regulations has had a significant impact upon large corporations. Severe penalties can be brought against a corporation for failure to comply with SOX regulations, and it is the job of an accounting administrator to assist these corporations in their efforts to adhere to these policies. Mishaps and mistakes are extremely costly, and one of the most important tasks of an accounting administrator is the preparation of error-free financial reports and statements.
Corporate Tax Planning Tasks
Accounting administrators spend a lot of time on tax planning and preparation of subsequent financial documents. There are a number of situations that can arise for large corporations. Because the United States tax code is very strict, it's the duty of an accounting administrator to ensure that corporations are in compliance with these regulations.
Salary & Job Outlook
With the SOX Act and other new regulations being passed into law, companies are going to need accounting professionals to help them with these issues. These jobs tend to be located in larger cities, which are home to corporate operations. According to the U.S. Bureau of Labor Statistics (BLS) in 2013, the median annual income earned by accountants and auditors is $65,080.
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