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The differences between finance reporting accountants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance reporting accountant and an accounting analyst. Additionally, a finance reporting accountant has an average salary of $67,545, which is higher than the $58,399 average annual salary of an accounting analyst.
The top three skills for a finance reporting accountant include GAAP, reconciliations and external auditors. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.
| Finance Reporting Accountant | Accounting Analyst | |
| Yearly salary | $67,545 | $58,399 |
| Hourly rate | $32.47 | $28.08 |
| Growth rate | 6% | 6% |
| Number of jobs | 112,234 | 81,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 74% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A finance reporting accountant is responsible for monitoring the efficiency and accuracy of the company's financial reporting procedures. Finance reporting accountants analyze the financial statements of the company, including its expenses, balance sheets, revenues, cash flow, and other related financial information and discuss it to the management. They also provide strategic recommendations to minimize loss through cost-reduction operational processes and identifying business opportunities to increase profits. A finance reporting accountant should have excellent knowledge of the accounting principles and disciplines, evaluating financial forecasts and resolving account discrepancies.
An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.
Finance reporting accountants and accounting analysts have different pay scales, as shown below.
| Finance Reporting Accountant | Accounting Analyst | |
| Average salary | $67,545 | $58,399 |
| Salary range | Between $50,000 And $90,000 | Between $42,000 And $79,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Massachusetts | New York |
| Best paying company | Western Alliance Bank | |
| Best paying industry | Retail | Finance |
There are a few differences between a finance reporting accountant and an accounting analyst in terms of educational background:
| Finance Reporting Accountant | Accounting Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 74% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance reporting accountants' and accounting analysts' demographics:
| Finance Reporting Accountant | Accounting Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 41.6% Female, 58.4% |
| Race ratio | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.6% White, 60.8% American Indian and Alaska Native, 0.5% | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |