Chartered accountant vs project accountant

The differences between chartered accountants and project accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a chartered accountant and a project accountant. Additionally, a chartered accountant has an average salary of $65,776, which is higher than the $60,467 average annual salary of a project accountant.

The top three skills for a chartered accountant include internal audit, financial statements and income tax returns. The most important skills for a project accountant are reconciliations, project management, and contract terms.

Chartered accountant vs project accountant overview

	Chartered Accountant	Project Accountant
Yearly salary	$65,776	$60,467
Hourly rate	$31.62	$29.07
Growth rate	6%	6%
Number of jobs	33,005	43,672
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

Chartered accountant vs project accountant salary

Chartered accountants and project accountants have different pay scales, as shown below.

	Chartered Accountant	Project Accountant
Average salary	$65,776	$60,467
Salary range	Between $42,000 And $102,000	Between $46,000 And $79,000
Highest paying City	-	Washington, DC
Highest paying state	-	New Jersey
Best paying company	-	Perficient
Best paying industry	-	Professional

Differences between chartered accountant and project accountant education

There are a few differences between a chartered accountant and a project accountant in terms of educational background:

	Chartered Accountant	Project Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chartered accountant vs project accountant demographics

Here are the differences between chartered accountants' and project accountants' demographics:

	Chartered Accountant	Project Accountant
Average age	44	44
Gender ratio	Male, 61.0% Female, 39.0%	Male, 36.8% Female, 63.2%
Race ratio	Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.2% American Indian and Alaska Native, 0.5%	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between chartered accountant and project accountant duties and responsibilities

Chartered accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Provision of professional and timely taxation advice and services to clients.
Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
Monitor bond and covenant requirements, providing tax return and audit information to external contacts.

Project accountant example responsibilities.

Maintain general ledgers, manage cash flow, prepare financial statements and bank reconciliations for multiple development and construction projects.
Assure timely accurate filing of all Medicare, Medicaid and commercial insurance claims.
Review the collection of Medicare, Medicaid and other receivables to ensure monthly goals are met.
Used DelTek to find discrepancies in employee charge hours.
Serve as major contributor in system conversion to new web-base ERP system.
Identify and rectify accounting errors that have incurred in the past and ensure adherence to IFRS.

Chartered accountant vs project accountant skills

Common chartered accountant skills

Internal Audit, 33%
Financial Statements, 14%
Income Tax Returns, 11%
Balance Sheet, 6%
Audit Reports, 5%
Tax Audits, 5%

Common project accountant skills

Reconciliations, 8%
Project Management, 6%
Contract Terms, 5%
Purchase Orders, 4%
Deltek, 4%
Revenue Recognition, 4%

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Chartered Accountant vs Project Accountant

Updated January 8, 2025

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