Senior Accountants might oversee other Accountants and will also plan and provide accounting systems and services relating to taxation and the financial dealings of organisations and individuals. They might provide top-level advice on associated record-keeping and compliance requirements.
A Senior Accountant’s education usually contains areas of curriculum that help the Accountant gain an extra edge over the Accountants who have basic degrees. A Senior Accountant is one who holds the highest rank and position of a company or some accounting organisation, so he or she might have a post-graduation degree to qualify for the special post of a Senior Accountant.
A Senior Accountant should (in most cases) hold a Bachelor degree (often in accounting) and should have more than 4 or 5 years of experience of working in accounting. As well as this, the individual should have valuable experience working as a supervisor or manager for an organisation.
Average wage for
Around 193,000 people are currently employed as Senior Accountants in Australia. This is set to increase slightly to 218,700 people by 2019, according to the Department of Employment.
Employment by State
37% of all Senior Accountants are employed in NSW. The area with the lowest number of Senior Accountants is NT, with only 0.8%.
This is an evenly split industry with 49.9% of Senior Accountants being male and 50.1% female.
The most popular age for people working as Senior Accountants is 25-34 years old, with 35%. A small percentage (4.1%) of people get into this career path older, aged 65 and over. There is also a number of people who enjoy a career as Senior Accountants, with 7.2% aged 20-24.
Senior Accountants work an average of 40.3 hours a week which is 0.6 hours lower than the average for all occupations.
The majority of Senior Accountants have a Bachelor Degree qualification (55.5%) or are at a Post Graduate/ Graduate Diploma or Graduate Certificate level (24.2%). 93.1% of people have a Cert III or higher, whilst 6.9% have a qualification which is Year 12 or lower.
Senior Accountant Duties & Tasks
Primary responsibility is to prepare financial statements and supporting schedules according to monthly close schedule
Facilitate and complete monthly close procedures
Analyse revenues, commissions and expenses to ensure they are recorded appropriately on a monthly basis
Prepare monthly account reconciliations
Assist with analysing financial statements on a monthly basis and report on variances
Assist with financial and tax audits
Assist with preparing tax returns and corporate reporting requirements
Assist with quarterly producer commission reports; analysing and correcting discrepancies
Assist in documentation and monitoring of internal controls
Other projects as assigned
Professional Associations & Groups
*The information provided on this page is from the Department of Employment’s Job Outlook website. All salary ranges are from Payscale. Where jobs are not exact matches, job areas have been used. This information is to be used as a guide only.
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