Salary for an Accountant

Accountant jobs demands following activities viz. to prepare profit loss statements, to prepare balance sheets and other financial reports. They analyze trends, revenues, financial commitments etc. The person should have a bachelor’s degree and specialization in particular subject. Salary of an accountant depends on the experience and qualification.Prepares balance sheets, profit and loss statements, and other financial reports. Responsibilities also include analyzing trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses.Reports organization’s finances to management, and offers suggestions about resource utilization, tax strategies, and assumptions underlying budget forecasts.They are broadly divided as accountants, cost accountants and financial reporting accountants. The duties of the them are broadly described above. Depending upon the area of expertise and experience an accountant achieves, he/she has to look into reports from finances as well as management, resource utilization, tax strategies etc.The cost accountants establish and execute cost accounting methods. They prepare cost report analysis and costing audits. They should be familiar with standard concepts, practices and procedures etc.Financial reporting accountants collect, evaluate and organizes finance related data. The reporting is as per the guidelines set by SEC and GAAP. The financial reporting accountants work on proposals regarding company policies.The salary of them depends upon various factors such as the country and the sector you work in, experience and education etc. The salary of an accountant with up to two years experience in US is $43,905 per year. The salary of an experienced accountant having two to five years experience in US is $52,618 per year. The salary of the experienced tax accountant in US is $58,737 per year.There salaries are spread over a wide range.Salary of the accountant in India with minimum work experience 1 year can be approx. Rs.1,20,000 per year. This salary is offered in mega cities like Mumbai. The salary may vary from small towns to mega cities. The accountant salary also matters a lot whether you are working in government sector or private sector.Salary of an accountant in Canada:• Experience 0 to 3 years, Education: Bachelor’s degree: $44,890 per year
• Experience 2 to 5 years, Education: Bachelor’s degree: $48,349 to $63,519 per year
• Experience 5+ years, Education: Bachelor’s degree: $57,628 to $80,472 per yearSalary of a top accounting executive in Canada:Experience 15+ years, Education: Bachelor’s degree: $104,424 to $134,535 per yearSo the above information mentioned must have given you a rough idea about salary structure of an accountant.

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