An account manager is in charge of creating and then maintaining accounting systems and procedures that accountants utilize to collect, analyze, and verify a firm’s financial data. If you enjoy working with numbers but want to direct rather than work independently, becoming an accounting manager might be a good option for you. According to the Journal of Accountancy, accounting firms and other organizations are hiring record numbers of accountant graduates. With this increase in employment, there has also been an increased need for accounting managers. Here’s what a manager does and what she or he must accomplish to earn the title:
What is the Accountant Manager’s Responsibility?
The manager’s main responsibility is to supervise all financial reporting activities in a company. To ensure accurate reporting, the manager will develop standards with the CFO and check up on the department to verify that appropriate procedures are followed. It’s the responsibility of the supervisor to work with department heads throughout the organization to plan budgets and cost reductions. They collaborate with the controller and finance director on finding process improvements as well as new initiatives.
What is the Outlook for Accounting Managers?
If you want to work in management, you’ll have to compete with others who are just like you. The market for accountants is expected to increase by 11% over the next eight years, according to the Bureau of Labor Statistics, but that of managers will only rise by 7%. Because there is less development among management staff, you must offer strong qualifications at both a professional and educational level. This will assist you to compete in an area where prospects are average.
How to Become an Accounting Manager
Before you can apply for open managerial positions, you’ll need a bachelor’s degree, technical skills, and knowledge. Employers usually prefer that job applicants have a B.A. or B.S. in Accounting or Finance with a major in accounting or finance. Make certain your degree comes from an institution that is accredited and recognized by the Association to Advance Collegiate Schools of Business.
Most businesses will not consider managers who do not have a CPA license, in addition to your undergraduate degree. Most employers seek individuals with a CPA license since new regulations state that you must have extra credits to be licensed. Before climbing the ranks, you’ll need to show that you’ve worked in a finance-related position for at least five to seven years and under supervision.
Consider obtaining your CPA degree if you want to tackle fundamental accounting duties in an organization. Consider pursuing your CPA license so that you may apply for open positions. Look for accredited courses that you can complete online, then weigh the benefits of learning in a classroom or at your own speed. You’ll be one step closer to becoming an account manager once you’ve decided on how you’ll acquire your education.