What Account Auditors Do
The account auditor is the person tasked to conduct audits in sales accounts handled by the company. As with an auditor, this person checks all financial statements, investigates each entry, making sure everything is accounted for correctly. The auditor checks all receivables, attachments, and liquidation to ensure the financial report is accurate, which is vital for strategies that affect company expenses, calculate revenue, gains, and losses, and use those information to file taxes.
In this section, we compare the average corporate accountant annual salary with that of an account auditor. Typically, account auditors earn a $12,069 higher salary than corporate accountants earn annually.
While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both corporate accountants and account auditors positions are skilled in reconciliations, account reconciliations, and cpa.
As far as similarities go, this is where it ends because a corporate accountant responsibility requires skills such as "gaap," "close process," "accruals," and "strong analytical." Whereas a account auditor is skilled in "audit reports," "audit procedures," "payroll," and "audit findings." So if you're looking for what truly separates the two careers, you've found it.
Account auditors really shine in the professional industry with an average salary of $84,961. Whereas corporate accountants tend to make the most money in the finance industry with an average salary of $71,156.
Account auditors tend to reach similar levels of education than corporate accountants. In fact, account auditors are 2.4% less likely to graduate with a Master's Degree and 0.1% less likely to have a Doctoral Degree.
What Are The Duties Of an Accountant Internship?
An accounting intern is responsible for assisting an organization's accounting department, observing practical applications and processes, and performing accounting duties under the supervision of tenured accounting staff. Accounting interns support the accounting operations by preparing and organizing financial reports, helping with accounts reconciliation, researching financial and stock market trends, utilizing various accounting software, and managing feedback from their mentors. An accounting intern must be detail-oriented and a fast-learner, immediately adjusting to the company's culture and actively cooperating with the team to ensure a smooth flow of operations.
Now we're going to look at the accountant internship profession. On average, accountant interns earn a $30,816 lower salary than corporate accountants a year.
Not everything about these jobs is different. Take their skills, for example. Corporate accountants and accountant interns both include similar skills like "gaap," "account reconciliations," and "cpa" on their resumes.
While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that corporate accountant responsibilities requires skills like "reconciliations," "external auditors," "close process," and "internal controls." But an accountant internship might use skills, such as, "r," "account management," "powerpoint," and "renewable energy."
On average, accountant interns earn a lower salary than corporate accountants. There are industries that support higher salaries in each profession respectively. Interestingly enough, accountant interns earn the most pay in the media industry with an average salary of $36,253. Whereas, corporate accountants have higher paychecks in the finance industry where they earn an average of $71,156.
In general, accountant interns study at similar levels of education than corporate accountants. They're 3.9% less likely to obtain a Master's Degree while being 0.1% less likely to earn a Doctoral Degree.
How an Account Analyst Compares
Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.
Let's now take a look at the account analyst profession. On average, these workers make lower salaries than corporate accountants with a $8,471 difference per year.
By looking over several corporate accountants and account analysts resumes, we found that both roles utilize similar skills, such as "reconciliations," "gaap," and "account reconciliations." But beyond that the careers look very different.
As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from corporate accountants resumes, they are more likely to have skills like "cpa," "close process," "accruals," and "real estate." But a account analyst might have skills like "customer service," "patients," "powerpoint," and "balance sheet."
Account analysts make a very good living in the finance industry with an average annual salary of $71,221. Whereas corporate accountants are paid the highest salary in the finance industry with the average being $71,156.
Account analysts typically study at similar levels compared with corporate accountants. For example, they're 3.7% less likely to graduate with a Master's Degree, and 0.1% less likely to earn a Doctoral Degree.
Description Of a Finance Analyst/Accountant
In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently. They also conduct research and analysis to identify new business opportunities, evaluate the existing procedures to determine its strengths and weaknesses, and recommend solutions to optimize operations for financial growth. Furthermore, as a finance analyst/accountant, it is essential to uphold the company's policies and regulations, including its vision and mission.
Now, we'll look at finance analyst/accountants, who generally average a lower pay when compared to corporate accountants annual salary. In fact, the difference is about $1,325 per year.
According to resumes from both corporate accountants and finance analyst/accountants, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "reconciliations," "gaap," and "account reconciliations. "
Each job requires different skills like "real estate," "balance sheet reconciliations," "payroll taxes," and "hyperion," which might show up on a corporate accountant resume. Whereas finance analyst/accountant might include skills like "payroll," "pivot tables," "financial models," and "data analysis."
Finance analyst/accountants earn a higher salary in the finance industry with an average of $78,897. Whereas, corporate accountants earn the highest salary in the finance industry.
Finance analyst/accountants reach similar levels of education when compared to corporate accountants. The difference is that they're 2.0% more likely to earn a Master's Degree more, and 0.2% less likely to graduate with a Doctoral Degree.