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General accountant vs chartered accountant

The differences between general 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 general accountant and a chartered accountant. Additionally, a chartered accountant has an average salary of $65,776, which is higher than the $55,043 average annual salary of a general accountant.

The top three skills for a general accountant include financial data, reconciliations and cash handling. The most important skills for a chartered accountant are internal audit, financial statements, and income tax returns.

General accountant vs chartered accountant overview

General AccountantChartered Accountant
Yearly salary$55,043$65,776
Hourly rate$26.46$31.62
Growth rate6%6%
Number of jobs87,66333,005
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 72%
Average age4444
Years of experience44

General accountant vs chartered accountant salary

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

General AccountantChartered Accountant
Average salary$55,043$65,776
Salary rangeBetween $40,000 And $73,000Between $42,000 And $102,000
Highest paying CityWashington, DC-
Highest paying stateNew Jersey-
Best paying companyApple-
Best paying industryAutomotive-

Differences between general accountant and chartered accountant education

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

General AccountantChartered Accountant
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

General accountant vs chartered accountant demographics

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

General AccountantChartered Accountant
Average age4444
Gender ratioMale, 43.1% Female, 56.9%Male, 61.0% Female, 39.0%
Race ratioBlack or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% 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 general accountant and chartered accountant duties and responsibilities

General accountant example responsibilities.

  • Manage payroll functions, financial statements, accounts payable, basic job cost, account analysis, accruals, year-end audits.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Assist manager with cash flow, preparing financial statement, BBC, and report to CPA.
  • Create budget at beginning and coordinate CPA firm's audit at the end of year.
  • Assist in any kind of audit engagement (internal control, external, SOX, etc . )
  • Provide support for the controller with period-end close accruals and journal entries and assist in various duties and responsibilities.
  • Show more

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.

General accountant vs chartered accountant skills

Common general accountant skills
  • Financial Data, 11%
  • Reconciliations, 10%
  • Cash Handling, 9%
  • Vendor Invoices, 6%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 5%
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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