How to Become an Accounting Manager
Step 1: Understand the job description and responsibilities of an Accounting Manager
What does an Accounting Manager do?
AN Accounting Manager manages multiple accounting functions and operations such as general ledger, accounts payable, accounts receivable, revenue, asset, cost, and tax accounting. Implements accounting policies and procedures that adhere to governmental financial and tax regulations and comply with GAAP and IFRS standards. Being an Accounting Manager oversees monthly, quarterly, and annual accounting close processes and reporting. Evaluates accounting processes and systems and implements optimizations. Additionally, Accounting Manager develops and directs accounting professionals and support staff. Requires a bachelor's degree in accounting or finance. May require Certified Public Accountant (CPA) credentials. Typically reports to a director or head of a unit/department. The Accounting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
An accounting manager develops the accounting systems and procedures that accountants use to compile, analyze and validate an organization’s financial data.
The primary role of accounting managers is to oversee all financial reporting duties in an organization.
An accounting manager collaborates with the organization’s department heads to discuss budgets and expenses.
Salaries for accounting managers vary depending on the level of education and relevant work experience, as well as an employer’s industry, size and location.
Obtaining a position as an accounting manager may require certain qualifications depending on the job for which you are applying.
Step 2: Learn best tips to become an Accounting Manager
Best tips for those who want to become an Accounting Manager
Here are some tips to become an Accounting Manager.
Establish Ongoing Responsibilities, Communication & Check-ins.
Stay in Tune with Your Financials.
Recruit Candidates Before They Graduate.
Be Mindful of Your Job Descriptions.
accounting manager interview question.
Step 3: View best colleges and universities for Accounting Manager
Best colleges and universities for Accounting Manager
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be an Accounting Manager
Is being an Accounting Manager Worth it?
In university, you chose Accounting as your major and felt like you were in your element.
Over the last 2 years you have gained experience in an accounting manager role or within a CPA firm.
Reporting directly to the VP-Finance, the Accounting Manager is responsible for maintaining monthly closing entries and coordinating with the Operations team to ensure that invoicing is complete, and inventory is closed and reconciled.
You will support the Accounting Associate by providing direction on A/R and A/P processes.
International GL Manager is responsible for leading and managing team to conduct month-end closing, preparing accounts reconciliation, cooperating with BU and external auditors, performing other tasks, preparing Corporate Income Tax, continuously identifying improvement opportunities in GL systems or process, and team management for overseas entities.
Step 5: Prepare relevant skills for being an Accounting Manager
What skills do you need to be an Accounting Manager?
A manager is often judged based on the success of their team and those working below them, as such, many skills are needed. Success in this role depends on a critical ability in the following: Account Reconciliation, Accounting Management, Asset Accounting, Asset Management, Balance Sheet Analysis, Bank Reconciliation, Expense Management, Financial Accounting, General Ledger Accounting, Project Management, Revenue Recognition, GAAP Standards. Experience in the following is fundamental to this role: Accounting Software. Skills may vary from job-to-job, but these skills are the ones most commonly associated with this role.
Accounting managers are responsible for driving team performance and getting the most out of individual contributors.Accounting managers generally have a Bachelor's degree in accounting or finance and several years of accounting experience.
Accounting managers must have strong prioritization skills and feel comfortable taking initiative in order to deliver results.
We are hiring an experienced Accounting Manager to join our team.
5+ years of progressive accounting experience with a portion of it being in a supervisory role.
When interviewing accounting professionals, you get an idea about their communication skills.
Step 6: View average salary for Accounting Manager
How much does an Accounting Manager make?
The average salary range for an Accounting Manager is from $109,894 to $138,870. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Accounting Manager jobs
Step 7: Find relevant Accounting Manager jobs, and apply.
Looking for Accounting Manager jobs?
Here are some Accounting Manager jobs in the United States.