Accounting supervisors oversee accounting department functions to ensure efficiency and compliance. This may include supervising employees, maintaining financial records, and assisting with audits. Accounting supervisors are typically required to have a bachelor's degree.
Accounting supervisors hold the responsibility of running the accounting department at places such as financial institutions, corporate businesses or educational facilities. Prospective supervisors generally must have a minimum of a bachelor's degree and adequate field experience, and they may also be required to pass an examination to secure state licensure.
|Required Education||Bachelor's degree in accounting; further education may be needed to meet certification requirements|
|Other Requirements||Certified Public Accountant (CPA) licensure may be required|
|Projected Job Growth (2014-2024)*||11% for all accountants and auditors|
|Mean Salary (2015)*||$75,280 for all accountants and auditors|
Source: *U.S. Bureau of Labor Statistics
Accounting Supervisors Job Description
Accounting supervisors take care of scheduling jobs and delegating duties to accounting department workers. In addition to clerical and managerial work, accounting supervisors also participate in basic accounting functions, such as logging payments and maintaining financial records. The supervisor in addition to maintaining regulations and laws of accounting procedures carries out financial auditing procedures. Accounting supervisors must be able to effectively communicate with employees and maintain a positive working relationship when addressing problems and coming up with solutions.
Accounting Supervisor Job Duties
Job duties vary depending on the professional field in which the supervisor is working. General duties include assessing accuracy of accounting data, fielding questions directed at accounts payable and receivable, keeping track of records and processing transfers. Supervisors may also prepare journal entries, log data into spreadsheets and communicate with outside financial institutions, such as banks and lenders. Accounting supervisors can also be in charge of ordering supplies and office equipment, depending on the size of the company.
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Accounting Supervisor Requirements
According to the U.S. Bureau of Labor Statistics (BLS) most employers require a bachelor's degree for accounting positions; however, advanced education may be necessary to obtain certification (www.bls.gov). Common degrees that can lead to this career include the Bachelor of Business Administration in Accounting and Financial Management and Bachelor of Science in Accounting, as well as accounting certificate programs available specifically for those who wish to become supervisors. Prospective accounting supervisors may need auditing or accounting experience for this position. The BLS notes that obtaining the Certified Public Accountant (CPA) designation is required in most states. The American Institute of CPAs (AICPA) requires all prospective CPAs to complete the Uniform CPA Examination in order to qualify for state licensure and the CPA designation (www.aicpa.org).
Accounting Employment Outlook and Salary Information
Employment opportunities within the general field of accounting and auditing are expected to increase by 11% between 2014 and 2024, with over 142,400 jobs to be added over the decade, as reported by the BLS. The average salary for individuals in this field, based on the BLS data, was $75,280 in May of 2015.
Accounting supervisors are an important part of a company because they perform a wide range of tasks and help to ensure compliance of accounting activities. While a bachelor's degree is often required, further education will help with career advancement, and many states require obtaining the CPA designation. Accountants and auditors earned an average annual salary of $75,280 in 2015.