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 $84,584

National

The average salary in the United States for those pursuing this career is $90,577

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:

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.
• 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.
• Problem Solving: Problem solving consists of using generic or ad hoc methods, in an orderly manner, for finding solutions to problems.

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:

• 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.
• Accruals: .Experience working with earned revenues and incurred expenses that have an overall impact on the financial statements of a business
• Fixed Assets: Fixed assets, also known as tangible assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash.
• 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.
• Variance Analysis: Analysis of variance (ANOVA) is a collection of statistical models used to analyze the differences among group means and their associated procedures (such as variation among and between groups), developed by statistician and evolutionary biologist Ronald Fisher.

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.

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
• Technical Accounting Manager