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Corporate accountant vs certified public accountant

The differences between corporate accountants and certified public 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 corporate accountant and a certified public accountant. Additionally, a certified public accountant has an average salary of $76,693, which is higher than the $64,300 average annual salary of a corporate accountant.

The top three skills for a corporate accountant include reconciliations, GAAP and account reconciliations. The most important skills for a certified public accountant are CPA, customer service, and IRS.

Corporate accountant vs certified public accountant overview

Corporate AccountantCertified Public Accountant
Yearly salary$64,300$76,693
Hourly rate$30.91$36.87
Growth rate6%6%
Number of jobs54,17478,792
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 69%
Average age4444
Years of experience44

What does a corporate accountant do?

A corporate accountant is an individual who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization. They must collect ledgers and financial reports from divisional offices and prepare corporate financial statements for executives. Corporate accountants must also prepare budgets to allocate funds for spending for each department.

What does a certified public accountant do?

A certified public accountant (CPA) acts as an advisor to small businesses and chief financial officers to Fortune 500 companies. They typically work for both small and large public accounting firms. They offer advice on many issues, such as accounting and taxation. They aid businesses and individuals to plan and achieve their financial goals. There are several requirements to become a CPA, including having a degree in accounting, passing the CPA examination, and obtaining a CPA license to practice.

Corporate accountant vs certified public accountant salary

Corporate accountants and certified public accountants have different pay scales, as shown below.

Corporate AccountantCertified Public Accountant
Average salary$64,300$76,693
Salary rangeBetween $46,000 And $89,000Between $49,000 And $119,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateNew YorkNew Jersey
Best paying companyPutnam InvestmentsApplied Materials
Best paying industryFinanceFinance

Differences between corporate accountant and certified public accountant education

There are a few differences between a corporate accountant and a certified public accountant in terms of educational background:

Corporate AccountantCertified Public Accountant
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 69%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Corporate accountant vs certified public accountant demographics

Here are the differences between corporate accountants' and certified public accountants' demographics:

Corporate AccountantCertified Public Accountant
Average age4444
Gender ratioMale, 43.1% Female, 56.9%Male, 43.2% Female, 56.8%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 13.0% White, 63.0% American Indian and Alaska Native, 0.5%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.4% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between corporate accountant and certified public accountant duties and responsibilities

Corporate accountant example responsibilities.

  • Lead successful implementation of PeopleSoft fix asset software module.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Perform month-end closing responsibilities, month-end accruals, expense allocations across business units and legal entities, and account reconciliations.
  • Perform general accounting assignments including accruals, profit and loss reports and reconciliations.
  • Prepare monthly journal entries and variance reconciliations primarily relating to compensation, operational accruals, investments, and partnerships.
  • Perform detailed and extensive schedules and analysis for annual audits by an outside CPA firm as required by law.
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Certified public accountant example responsibilities.

  • Mentor highly skil accounting and tax management team to achieve establish objectives including conformity with GAAP compliance.
  • Maintain monthly client bookkeeping including bank reconciliations, account payable and prepare preliminary financial statements for CPA review.
  • Conduct bookkeeping, bank reconciliations and generate general ledgers as well as raise concerns about expenditure classifications and revenue recognition.
  • Prepare and review month-end close, including journal entries, general ledger account reconciliations, and financial statement supporting documentation.
  • Gain a working knowledge of audit objectives and procedures in compliance with GAAP and GAAS.
  • Prepare and monitor audit programs, assist management in design and monitoring of SOX compliance programs.
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Corporate accountant vs certified public accountant skills

Common corporate accountant skills
  • Reconciliations, 14%
  • GAAP, 6%
  • Account Reconciliations, 6%
  • CPA, 5%
  • General Ledger Accounts, 5%
  • External Auditors, 4%
Common certified public accountant skills
  • CPA, 48%
  • Customer Service, 22%
  • IRS, 7%
  • State Tax Returns, 5%
  • Payroll Tax Returns, 2%
  • Financial Statement Preparation, 1%

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