A Financial Accountant earns an average salary of R319,107 per year. People in this job generally don’t have more than 20 years’ experience. A skill in Tax Preparation is associated with high pay for this job.
Financial accountability is pivotal to maintaining a healthy business, and financial accountants conduct a number of functions to ensure this is possible. They manage payroll, taxes, income, spending, and educating their employer on financial information. Work days for financial accountants can be a bit longer than a standard 9-to-5 job, because of strict deadlines on all projects that financial accountants are given. Generally, financial accountants do not need to work directly with employees; if they discover discrepancies with posted reports, they inform management.
Financial accountants need a strong background in math and must be ready to examine financial figures on a daily basis. An associate’s or bachelor’s degree in accounting is needed for this job, as is knowledge of statistics, arithmetic, and algebra. The ability to use computers and accounting software programs is important, and financial accountants must be able to use computers to perform mathematical computations and create presentations. Different employers will use different accounting software, so it is good for financial accountants to be able to adapt quickly to new programs. (Copyright 2018 PayScale.com)
Financial Accountant Tasks
Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
Summarize and prepare financial records and statements for external reporting.
Utilize accounting principles to ensure compliance with regulatory reporting requirements.
Common Career Paths for Financial Accountant