Accounting Manager Career

Finance

 
Finance Careers | Accounting Manager

Accounting Manager

Career Area: Finance

Occupation Group: Financial Managers

Salary

Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.

An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.

A typical Accounting Manager earns the following wages (national and state):

State

The average salary in North Carolina for those pursuing this career is $85,331

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

National

The average salary in the United States for those pursuing this career is $90,142

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

What Does a Professional in this Career Do?

Manages the accounting department of a company or organization. Directs the accounting staff that prepare financial statements and business activity and forecasting reports and tax filings. Monitors accounting data. Implements and manages accounting policies and procedures. Advises management with regard to finance decisions.

Employment Trends

The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.

Job demand and job growth is expected at the following rates:

Growth
North Carolina764+24.2%
Nationwide31474+18.7%

Skills

A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:

Baseline Skills

The following are baseline skills every Accounting Manager is expected to have in order to experience success in this field:

  • Communication Skills: The ability to convey information to another effectively and efficiently.
  • Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
  • Detail-Oriented: A detail oriented person is someone who pays attention to the details and can make a conscious effort to understand causes instead of just the effects, and that does this in a second nature type of way.
  • Research: Experience performing creative and systematic work to understand a product, market, or customer, either before building a new solution, or to troubleshoot an existing issue
  • Teamwork / Collaboration: Experience working in collaborative efforts with a team to achieve a common goal or to complete a task in the most effective and efficient way.

Specialized Skills

These skills are specific to working in this career:

  • Accounting: Experience maintaining and verifying the business records of a person or business and preparing forms and reports for financial purposes.
  • Accounting Management: Accounting Management (Business) is the practical application of management techniques to control and report on the financial health of the organization.
  • Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles, also called GAAP or US GAAP, is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC).
  • Financial Reporting: Experience apply GAAP accounting practices to convey the financial performance of a company to the market, its investors, and other stakeholders.
  • Financial Statements: Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

Distinguishing Skills

Any Accounting Manager that possesses the following skills will stand out against the competition:

  • Accruals: .Experience working with earned revenues and incurred expenses that have an overall impact on the financial statements of a business
  • Revenue Recognition: Experience working with an accounting principle under generally accepted accounting principles (GAAP) that determines the specific conditions under which revenue is recognized or accounted for.
  • Financial Accounting: Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business.
  • General Ledger Accounting: A general ledger contains all the accounts for recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses.
  • Bank Reconciliation: In bookkeeping, a bank reconciliation is a process that explains the difference on a specified date between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records.

Education

This career typically requires the following level of education. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list education requirements.

.
Education Level%
Bachelor's Degree60%
Master's Degree34%
Doctoral Degree0%

Experience

This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.

Experience Required%
0 to 2 years7%
3 to 5 years52%
6 to 8 years27%

Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.

Students who do not have the expected level of experience may wish to look into internship and employment opportunities.

Common Job Titles

It is possible to find work in this field in positions commonly listed as the following job titles:

  • Accounting Manager
  • Director Of Accounting
  • Senior Accounting Manager
  • Manager, Accounting
  • Corporate Accounting Manager

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