The Top Paying Entry-Level Accounting Jobs in 2021-2022

Accounting is one of the most in demand skills and a significant process for every organization. Students can start a career in Accounting after Graduation or by pursuing Professional Certification courses in Accounting.

 

Bachelor’s Degree:

  • Every University offers a Bachelor’s degree in Accounting programs. Students can either pursue a bachelor’s degree that is focused on Accounting or Finance topics or pursue a bachelor’s degree that covers general subjects including Accounting.
  • Below are some of the Bachelor’s degrees:
    • Bachelor of Commerce (B.Com)
    • Bachelor of Accounting and Finance (BAF)

Master’s Degree and Certification Courses in Accounting

  1. A Master’s degree provides you advanced knowledge in Accounting. There are few certification courses that provide you in depth knowledge and practical experience in the field of Accounting.
  2. These courses are focused on topics that are related to Accounting only. Here are some of the certification courses in accounting:
    1. Certified Public Accountant (CPA Course)
    2. Association of Chartered Certified Accountant (ACCA Course)
    3. Certified Management Accountant (CMA Course)

 

 

  1. Auditor:
    1. Role/ Responsibilities of Auditor
      1. Some of the responsibilities of an Auditor have been listed below:
  • Assess the internal control structure of the organization
  • Check if any resources have been tampered
  • Identify if any process is not functioning as required and recommend changes and solutions accordingly
  • Ensure that all the processes, policies, rules, regulations are diligently followed
  • Prepare Audit work papers and Memorandum by documenting audit tests and findings
  • Assess the processes and books of accounts and identify the financial threats in an organization
    1. Qualification required for an Auditor:
      1. For the role of an Auditor, major companies prefer a candidate who possess the below Qualifications:
        1. Certified Public Accountant – US CPA Course
          1. Learn more about CPA Scope
          2. CPA Eligibility
          3. CPA Duration
        2. Association of Chartered Certified Accountant – ACCA Course 
          1. Learn more about ACCA Scope
          2. ACCA Eligibility
          3. ACCA Duration
        3. Chartered Accountant – CA
          1. Learn more about CA Scope
          2. CA Eligibility
          3. CA Duration

 

    1. Salary range of Auditor:
      1. The Salary range for the role of an Auditor is as below:
        Average Auditor Salary in India

 

 

  1. Forensic Accountant:
    1. Role/ Responsibilities of Forensic Accountant
      1. Some of the responsibilities of a Forensic Accountant have been listed below:
        1. Review all the Financial documents to identify inaccuracies and risks
        2. Analyze financial data and report losses from contract breaches, errors, etc
        3. Forecast and prevent financial frauds and financial risks
        4. Provide litigation support and provide findings and evidence
        5. Perform financial audits to ensure compliance
        6. Ensure all accounting procedures are being followed
    2. Qualification required for Forensic Accountant
      1. For the role of Forensic Accountant, major companies prefer a candidate who possess the below Qualifications:
        1. Certified Public Accountant – CPA
          1. Learn more about CPA Scope
          2. CPA Eligibility
          3. CPA Duration
        2. Chartered Certified Accountant – ACCA
          1. Learn more about ACCA Scope,
          2. ACCA Eligibility
          3. ACCA Duration
        3. Chartered Accountant – CA
          1. Learn more about CA Scope,
          2. CA Eligibility
          3. CA Duration
    1. Salary range of Forensic Accountant
      1. The Salary range for the role of a Forensic Accountant is as below:
        Average Forensic Accountant Salary in India

CPA course

  1. Financial Accountant:
    1. Role/ Responsibilities of Finance Accountant
      1. Some of the responsibilities of a Finance Accountant have been listed below:
        1. Prepare companies Profit and Loss and Balance Sheet statement on a monthly basis
        2. Create KPI reports and Conduct internal Audits
        3. Prepare Cash Flow statements, file and record Tax, recording Inventory
        4. Prepare year-end accounts and statutory accounts
        5. Respond to financial inquiries by Management and Auditors
    2. Qualification required for Financial Accountant
      1. For the role of Financial Accountant, major companies prefer a candidate who possess the below Qualifications:
        1. Certified Public Accountant – CPA
          1. Learn more about CPA Scope
          2. CPA Eligibility
          3. CPA Duration here
        2. Chartered Certified Accountant – ACCA
          1. Learn more about ACCA Scope
          2. ACCA Eligibility
          3. ACCA Duration here
        3. Chartered Accountant – CA
          1. Learn more about CA Scope
          2. CA Eligibility
          3. CA Duration here

 

 Salary range of Financial Accountant

The Salary range for the role of a Financial Accountant is as below:
Average Financial Accountant Salary in India

ACCA course

  1. Management Accountant:
    1. Role/ Responsibilities of Management Accountant
      1. Some of the responsibilities of a Management Accountant have been listed below:
        1. Prepare Management Accounts, Budgets and Forecasts for business planning
        2. Inform about the key strategic decisions and business strategies to generate shareholder value
        3. Advise the management about the financial implications of business decisions
        4. Develop and manage financial systems & policies, and keep improving them periodically
        5. Forecasting income and expenditure, and control expenditure as per the estimate
        6. Recommend strategies to reduce costs and identify risks
        7. Negotiate and obtain finance for projects
      2. Analyse and improve business performance through appropriate recommendation
    2. Qualification required for Management Accountant
      1. For the role of Management Accountant, major companies prefer a candidate who possess the below Qualifications:
        1. Certified Management Accountant – CMA
          1. Learn more about CMA Scope
          2. CMA Eligibility
          3. CMA Duration
        2. Chartered Certified Accountant – ACCA
          1. Learn more about ACCA Scope
          2. ACCA Eligibility
          3. ACCA Duration

 

 

Salary range of Management Accountant

The Salary range for the role of a Management Accountant is as below:
Average Management Accountant Salary in India

 

  1. Tax Accountant:
    1. Role/ Responsibilities of Tax Accountant
      1. Some of the responsibilities of a Tax Accountant have been listed below:
        1. File tax returns, timely tax payments, necessary paperwork and reporting
        2. Analyse difficult tax issues and resolve them to avoid penalties
        3. Manage and maintain the company’s tax database
        4. Estimate tax savings and recommend appropriate instruments and policies to save tax 
        5. Comply with regulations by collecting and submitting the required documents to federal, state, and local authorities
        6. Prepare quarterly and annual tax reports
      2. Stay updated regarding any changes in the tax policies and recommend actions to diminish tax burden
                   
    2. Qualification required for Tax Accountant
      1. For the role of Tax Accountant, major companies prefer a candidate who possess the below Qualifications:
        1. Certified Public Accountant – CPA
          1. Learn more about CPA Scope
          2. CPA, Eligibility
          3. CPA Duration
        2. Chartered Certified Accountant – ACCA
          1. Learn more about ACCA Scope
          2. ACCA Eligibility
          3. ACCA Duration
        3. Chartered Accountant – CA
          1. Learn more about CA Scope
          2. CA Eligibility
          3. CA Duration

 

Salary range of Tax Accountant

The Salary range for the role of a Tax Accountant is as below:
Average Tax Accountant Salary in India

CMA course

 

  1. Cost Accountant:
    1. Role/ Responsibilities of Cost Accountant
      1. Some of the responsibilities of a Cost Accountant have been listed below:
        1. Prepare monthly and quarterly accounting reports for management
        2. Conduct inventory reserve analysis and generate reports for management
        3. Assist the other Accountants in increasing cash flow
        4. Review rate of depreciation, labor and overhead and suggest policy changes to minimize costs
        5. Analyze costs of raw materials and other supplies and create cost-benefit analysis
        6. Create budgets for projects and estimate various costs

 

    1. Qualification required for Cost Accountant
      1. For the role of Cost Accountant, major companies prefer a candidate who possess the below Qualifications:
        1. Certified Management Accountant – CMA
          1. Learn more about CMA Scope
          2. CMA Eligibility
          3. CMA Duration here
        2. Chartered Certified Accountant – ACCA
          1. Learn more about ACCA Scope
          2. ACCA Eligibility
          3. ACCA Duration here

 

 Salary range of Cost Accountant

The Salary range for the role of a Cost Accountant is as below:
Average Cost Accountant Salary in India

 

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