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Chief accountant vs chartered accountant

The differences between chief accountants and chartered 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 chief accountant and a chartered accountant. Additionally, a chartered accountant has an average salary of $65,776, which is higher than the $61,481 average annual salary of a chief accountant.

The top three skills for a chief accountant include external auditors, reconciliations and general ledger accounts. The most important skills for a chartered accountant are internal audit, financial statements, and income tax returns.

Chief accountant vs chartered accountant overview

Chief AccountantChartered Accountant
Yearly salary$61,481$65,776
Hourly rate$29.56$31.62
Growth rate6%6%
Number of jobs52,28733,005
Job satisfaction4-
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 72%
Average age4444
Years of experience44

Chief accountant vs chartered accountant salary

Chief accountants and chartered accountants have different pay scales, as shown below.

Chief AccountantChartered Accountant
Average salary$61,481$65,776
Salary rangeBetween $43,000 And $87,000Between $42,000 And $102,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyIBM-
Best paying industryRetail-

Differences between chief accountant and chartered accountant education

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

Chief AccountantChartered Accountant
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Chief accountant vs chartered accountant demographics

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

Chief AccountantChartered Accountant
Average age4444
Gender ratioMale, 57.0% Female, 43.0%Male, 61.0% Female, 39.0%
Race ratioBlack or African American, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.3% White, 61.6% American Indian and Alaska Native, 0.5%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%
LGBT Percentage7%7%

Differences between chief accountant and chartered accountant duties and responsibilities

Chief accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Prepare monthly trial balance, balance sheets, and profit and loss statements according to GAAP.
  • Prepare monthly account reconciliations (bank reconciliation, accounts receivable reconciliation, accounts payable reconciliation, and general ledger reconciliation).
  • Research, advise and resolve accounting and business issues, ensuring compliance with U.S. GAAP and head office requirements.
  • Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
  • Prepare daily SOX audit documentation, ensuring that bank account activity have been reconcile and to identify any outstanding variances.
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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.

Chief accountant vs chartered accountant skills

Common chief accountant skills
  • External Auditors, 13%
  • Reconciliations, 10%
  • General Ledger Accounts, 9%
  • Balance Sheet Accounts, 7%
  • Financial Reports, 5%
  • Internal Controls, 4%
Common chartered accountant skills
  • Internal Audit, 33%
  • Financial Statements, 14%
  • Income Tax Returns, 11%
  • Balance Sheet, 6%
  • Audit Reports, 5%
  • Tax Audits, 5%

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