An accounting analyst works to evaluate financial statements for public companies. These financial statements are required by the Security and Exchange Commission and are made up of balance sheets, income statements, cash flows, and notes. They should be accurate and transparent so that investors can make informed decisions about a company. An accounting analyst also evaluates a company’s internal controls and processes.

Typically, an accounting analyst requires a bachelor’s degree, as well as experience in data analysis. In addition, an accountant must have strong computer skills, including the ability to learn new computer programs quickly. An analyst will need to be familiar with databases, as well as advanced mathematics and statistics courses. Higher-level analyst positions may require an advanced degree.

As the global economy continues to expand, the need for experienced accounting analysts is expected to grow. International mergers and globalization are driving the increase in demand. According to the Bureau of Labor Statistics, the number of accounting analysts is projected to increase by 4% from 2014 to 2029, which is faster than the national average. This is great news for anyone seeking a job as an accounting analyst.

An accounting analyst can work with companies to help improve their business operations by assessing assets. By analyzing financial data, analysts can improve a company’s reporting capabilities and streamline financial processes. Other tasks an analyst may perform include account reconciliation, review of invoices, and maintaining fixed assets records. Additionally, they may be assigned special projects.

Depending on the level of education and experience, an accounting analyst can earn a competitive salary. Advanced degrees can increase income potential, as well as qualify for promotions. Having experience in managing a business can also improve one’s chances of earning more money. Accounting analysts can also earn more by changing employers. Some of the highest-paying companies for accounting analysts are Google, The Citadel, and Apollo Global Management.

After earning a bachelor’s degree, many accounting analysts choose to complete graduate-level programs. The University of Nevada, Reno’s online MAcc program offers essential training in advanced accounting and tax laws. The program emphasizes technical skills and includes courses in industry knowledge, data transformation, SQL, federal taxation, auditing, and more.

General accountants also work with financial data and analyze account statements. They are responsible for developing reports on revenues, expenses, sales forecasts, and other financial issues. They also must be highly analytical and have an extensive knowledge of accounting principles. General accountants earn slightly less than an accounting analyst, but are still a viable career choice for those with a strong analytical mind.

If you’re looking for a more lucrative career than an accounting analyst, you may consider a career as a financial analyst. The financial analyst reviews a company’s financial data and analyzes it to predict future financial circumstances. This position also involves studying past trends and current trends. The analyst may also review financial statements and evaluate projects and ventures.

Leave a Reply

Your email address will not be published.