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Become An Account Leader

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Working As An Account Leader

  • Interacting With Computers
  • Processing Information
  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $80,000

    Average Salary

What Does An Account Leader Do

Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently. 

Duties

Accountants and auditors typically do the following:

  • Examine financial statements to ensure that they are accurate and comply with laws and regulations
  • Compute taxes owed, prepare tax returns, and ensure that taxes are paid properly and on time
  • Inspect account books and accounting systems for efficiency and use of accepted accounting procedures
  • Organize and maintain financial records
  • Assess financial operations and make best-practices recommendations to management
  • Suggest ways to reduce costs, enhance revenues, and improve profits

In addition to examining and preparing financial documentation, accountants and auditors must explain their findings. This includes preparing written reports and meeting face-to-face with organization managers and individual clients.

Many accountants and auditors specialize, depending on the particular organization that they work for. Some work for organizations that specialize in assurance services (improving the quality or context of information for decisionmakers) or risk management (determining the probability of a misstatement on financial documentation). Other organizations specialize in specific industries, such as healthcare.

Some workers with a background in accounting and auditing teach in colleges and universities. For more information, see the profile on postsecondary teachers.

The following are examples of types of accountants and auditors:

Public accountants perform a broad range of accounting, auditing, tax, and consulting tasks. Their clients include corporations, governments, and individuals.

Public accountants work with financial documents that clients are required by law to disclose. These include tax forms and balance sheet statements that corporations must provide potential investors. For example, some public accountants concentrate on tax matters, advising corporations about the tax advantages of certain business decisions or preparing individual income tax returns.

Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms. Publicly traded companies are required to have CPAs sign documents they submit to the Securities and Exchange Commission (SEC), including annual and quarterly reports.

Some public accountants specialize in forensic accounting, investigating financial crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and possibly criminal financial transactions. Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques to determine if an activity is illegal. Many forensic accountants work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.

Management accountants, also called cost, managerial, industrial, corporate, or private accountants, record and analyze the financial information of the organizations for which they work. The information that management accountants prepare is intended for internal use by business managers, not by the general public.

Management accountants often work on budgeting and performance evaluation. They also may help organizations plan the cost of doing business. Some may work with financial managers on asset management, which involves planning and selecting financial investments such as stocks, bonds, and real estate.

Government accountants maintain and examine the records of government agencies and audit private businesses and individuals whose activities are subject to government regulations or taxation. Accountants employed by federal, state, and local governments ensure that revenues are received and spent in accordance with laws and regulations.

Internal auditors check for mismanagement of an organization’s funds. They identify ways to improve the processes for finding and eliminating waste and fraud. The practice of internal auditing is not regulated, but The Institute of Internal Auditors (IIA) provides generally accepted standards.

External auditors perform similar duties as internal auditors, but are employed by an outside organization, rather than the one they are auditing. They review clients’ financial statements and inform investors and authorities that the statements have been correctly prepared and reported.

Information technology auditors are internal auditors who review controls for their organization’s computer systems, to ensure that the financial data comes from a reliable source.

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How To Become An Account Leader

Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).  

Education

Most accountant and auditor positions require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.

A few universities and colleges offer specialized programs, such as a bachelor’s degree in internal auditing. In some cases, those with associate’s degrees, as well as bookkeepers and accounting clerks who meet the education and experience requirements set by their employers, get junior accounting positions and advance to accountant positions by showing their accounting skills on the job.

Many colleges help students gain practical experience through summer or part-time internships with public accounting or business firms.

Licenses, Certifications, and Registrations

Every accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). Many other accountants choose to become a CPA to enhance their job prospects or to gain clients. Many employers will often pay the costs associated with the CPA exam.

CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. Almost all states require CPA candidates to complete 150 semester hours of college coursework to be certified, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.

A few states allow a number of years of public accounting experience to substitute for a college degree.

All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that they pass all four parts within 18 months of passing their first part.

Almost all states require CPAs to take continuing education to keep their license.

Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:

The Institute of Management Accountants offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have worked at least 2 years in management accounting, pass a two-part exam, agree to meet continuing education requirements, and comply with standards of professional conduct. The exam covers areas such as financial statement analysis, working-capital policy, capital structure, valuation issues, and risk management. 

The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) to graduates from accredited colleges and universities who have worked for 2 years as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.

ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have 5 years of experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 3 years of experience in information systems auditing, control, or security.

For accountants with a CPA, the AICPA offers the option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. The ABV requires a written exam, completion of at least six business valuation projects, and 75 hours of continuing education. The CITP requires 1,000 hours of business technology experience and 75 hours of continuing education. Candidates for the PFS also must complete a certain amount of work experience and continuing education, and pass a written exam.

Advancement

Some top executives and financial managers have a background in accounting, internal auditing, or finance.

Beginning public accountants often advance to positions with more responsibility in 1 or 2 years and to senior positions within another few years. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.

Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to accounting manager, chief cost accountant, budget director, or manager of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.

Public accountants, management accountants, and internal auditors can move from one aspect of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.

Important Qualities

Analytical skills. Accountants and auditors must be able to identify issues in documentation and suggest solutions. For example, public accountants use analytical skills in their work to minimize tax liability, and internal auditors use these skills to detect fraudulent use of funds.  

Communication skills. Accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others. They must also be able to discuss the results of their work in both meetings and written reports.

Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documentation.

Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary.

Organizational skills. Strong organizational skills are important for accountants and auditors who often work with a range of financial documents for a variety of clients.

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Account Leader Career Paths

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Average Length of Employment
Control Accountant 4.2 years
Senior Accountant 3.9 years
Finance Supervisor 3.8 years
Account Leader 3.0 years
Accounting Analyst 3.0 years
Top Careers Before Account Leader
Accountant 15.1%
Controller 3.2%
Internship 3.0%
Manager 2.8%
Cashier 2.8%
Top Careers After Account Leader
Accountant 14.1%
Controller 7.1%
Consultant 4.1%
Manager 3.5%
Bookkeeper 2.5%

Do you work as an Account Leader?

Average Yearly Salary
$80,000
View Detailed Salary Report
$57,000
Min 10%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$80,000
Median 50%
$113,000
Max 90%
Best Paying Company
Apple
Highest Paying City
San Francisco, CA
Highest Paying State
Washington
Avg Experience Level
3.4 years
How much does an Account Leader make at top companies?
The national average salary for an Account Leader in the United States is $80,985 per year or $39 per hour. Those in the bottom 10 percent make under $57,000 a year, and the top 10 percent make over $113,000.

Real Account Leader Salaries

Job Title Company Location Start Date Salary
Lead Accountant, Global Reporting & Tax Compliance Aptify Tysons Corner, VA Feb 06, 2016 $103,168
Lead Accountant Salesforce.com, Inc. San Francisco, CA Jul 30, 2016 $103,106
Lead Accountant Worldtransload and Logistics LLC New Hope, MN Jan 10, 2015 $102,877
Accountant Lead Whirlpool Corporation Benton Harbor, MI Mar 05, 2012 $100,000
Lead Accountant Salesforce.com, Inc. San Francisco, CA Jan 16, 2012 $100,000
Account Leader Cummins Inc. Columbus, IN Oct 15, 2015 $91,600 -
$112,800
Account Leader Cummins Inc. Columbus, IN Nov 19, 2015 $91,600 -
$112,800
Account Leader Cummins Inc. Columbus, IN Nov 20, 2015 $91,600 -
$112,800
Senior Technical Account Lead SONY Computer Entertainment America LLC San Mateo, CA Nov 23, 2016 $90,355
Lead Accountant U.S. Environmental Rental Corp. Waltham, MA Sep 29, 2011 $89,211
Accountant Leader, Cash Operations Computer Sciences Corporation Falls Church, VA Feb 15, 2013 $87,464
Lead Accountant KBR, Inc. Houston, TX Sep 18, 2010 $85,000
Lead Accountant, Adhesives Henkel Corporation Rocky Hill, CT Aug 17, 2015 $84,510 -
$105,370
SR Integration Project Account Lead Inttra, Inc. Miramar, FL Jul 25, 2013 $82,000 -
$90,000
Lead Accountant Halliburton Energy Services, Inc. Houston, TX Oct 02, 2010 $81,803
Lead Accountant KBR, Inc. Houston, TX Dec 20, 2011 $80,000
Lead Accountant Laureate Education, Inc. Baltimore, MD Jan 09, 2016 $77,000 -
$82,000
Lead Accountant AOL LLC Dulles Town Center, VA Feb 13, 2010 $76,000 -
$90,000
FS Account Lead R.R. Donnelley & Sons Company Rockville, MD Oct 01, 2014 $72,933
Lead Accountant KBR, Inc. Houston, TX May 17, 2012 $71,520
Lead Accountant Naresh Arora, CPA, Inc. Santa Clara, CA Jul 10, 2015 $70,470
Lead Accountant AOL Inc. Dulles Town Center, VA Feb 19, 2011 $70,000 -
$90,000
Financial Services Account Lead RR Donnelley & Sons Company Rockville, MD Oct 31, 2016 $69,995
Financial Services Account Lead RR Donnelley & Sons Company Rockville, MD Dec 23, 2016 $69,995
Lead Accountant Transamerica Life Insurance Company Cedar Rapids, IA Aug 01, 2015 $68,869 -
$104,000
Technical Account Lead Environmental Systems Research Institute, Inc. Redlands, CA Sep 11, 2012 $68,765
FS Account Lead R.R. Donnelley & Sons Company Rockville, MD Oct 01, 2014 $68,177
Lead Accountant The Hanover Insurance Company Worcester, MA May 08, 2016 $65,000 -
$105,000

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Top Skills for An Account Leader

  1. Financial Statements
  2. General Ledger Accounts
  3. Customer Service
You can check out examples of real life uses of top skills on resumes here:
  • Prepared work-papers and financial statements and produced various financial reports for both internal management and the corporate office.
  • Research and participate in compiling, analyzing, and preparing financial information for proper general ledger accounts and subsystems.
  • Managed an on-time performance of 90% and improved customer satisfaction resulting in an improved customer service rating from customer executives.
  • Reviewed and approved journal entries and account reconciliations during month-end closing.
  • Manage external auditors, including compiling necessary documentation, preparing support schedules of the general ledger, and coordinating meetings.

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Top 10 Best States for Account Leaders

  1. California
  2. District of Columbia
  3. New York
  4. Rhode Island
  5. Connecticut
  6. New Jersey
  7. Texas
  8. Virginia
  9. Massachusetts
  10. Delaware
  • (3,286 jobs)
  • (210 jobs)
  • (1,177 jobs)
  • (75 jobs)
  • (322 jobs)
  • (631 jobs)
  • (1,825 jobs)
  • (751 jobs)
  • (726 jobs)
  • (68 jobs)

Account Leader Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 2,423 Account Leader resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Account Leader Resume

View Resume Examples

Account Leader Demographics

Gender

Female

46.7%

Male

43.6%

Unknown

9.7%
Ethnicity

White

60.1%

Hispanic or Latino

15.6%

Black or African American

11.3%

Asian

9.2%

Unknown

3.8%
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Foreign Languages Spoken

Spanish

42.5%

French

12.6%

Chinese

8.0%

Mandarin

6.9%

Portuguese

4.6%

Italian

4.6%

German

3.4%

Carrier

3.4%

Arabic

2.3%

Korean

2.3%

Swahili

1.1%

Dutch

1.1%

Cantonese

1.1%

Japanese

1.1%

Occidental

1.1%

Gujarati

1.1%

Hindi

1.1%

Russian

1.1%
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Account Leader Education

Schools

University of Phoenix

21.9%

Strayer University

7.2%

Texas A&M University

5.7%

University of Maryland - University College

5.3%

University of Houston

5.3%

Liberty University

5.3%

George Mason University

4.9%

University of Texas at Austin

4.5%

Arizona State University

4.2%

Kaplan University

4.2%

Ohio State University

3.8%

Cleveland State University

3.4%

Northeastern University

3.4%

University of North Texas

3.0%

Georgia State University

3.0%

Regis University

3.0%

San Diego State University

3.0%

University of Utah

3.0%

University of Washington

3.0%

University of Pittsburgh -

3.0%
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Majors

Business

32.7%

Accounting

30.8%

Finance

6.5%

Marketing

4.7%

Management

3.7%

Communication

2.9%

Health Care Administration

2.1%

Psychology

2.0%

Economics

1.7%

Project Management

1.6%

Computer Science

1.4%

Political Science

1.3%

Electrical Engineering

1.2%

English

1.2%

Public Relations

1.2%

Criminal Justice

1.1%

Computer Information Systems

1.1%

Education

1.0%

Journalism

1.0%

Supply Chain Management

0.9%
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Degrees

Bachelors

52.2%

Masters

23.4%

Other

13.5%

Associate

6.5%

Certificate

2.8%

Diploma

0.8%

Doctorate

0.7%

License

0.0%
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