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Accountants and Auditors

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

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    Work Activities

    Work Activities

    • Prepare detailed reports on audit findings.
    • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
    • Supervise auditing of establishments, and determine scope of investigation required.
    • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
    • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
    • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
    • Confer with company officials about financial and regulatory matters.
    • Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
    • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
    • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
    • Review accounts for discrepancies and reconcile differences.
    • Prepare adjusting journal entries.
    • Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
    • Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
    • Establish tables of accounts and assign entries to proper accounts.
    • Examine inventory to verify journal and ledger entries.
    • Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
    • Represent clients before taxing authorities and provide support during litigation involving financial issues.
    • Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
    • Report to management regarding the finances of establishment.
    • Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
    • Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
    • Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
    • Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
    • Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
    • Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.

    Skills

    • Active Listening

      Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

    • Reading Comprehension

      Understanding written sentences and paragraphs in work related documents.

    • Critical Thinking

      Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

    WorkKeys®

    Applied Math
    6
    Workplace Documents
    5
    Graphic Literacy
    5

    Abilities

    • Deductive Reasoning

      The ability to apply general rules to specific problems to produce answers that make sense.

    • Mathematical Reasoning

      The ability to choose the right mathematical methods or formulas to solve a problem.

    • Number Facility

      The ability to add, subtract, multiply, or divide quickly and correctly.

    Knowledge

    • Economics and Accounting

      Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

    • English Language

      Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

    • Mathematics

      Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

    Career Video

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    Pay

    • Ohio Annual Salary 67860/yr
    • Typical Salary
    • Ohio Hourly Wage 32.62/hr
    • Typical Hourly Wage

    Ohio Employment Trends

    • Currently Employed 50,100
    • Yearly Projected Openings 4,850

    Typical Education

    Personality

    Conventional: People interested in this work like activities that include data, detail, and regular routines. They do well at jobs that need:
    • Attention to Detail
    • Integrity
    • Dependability
    • Analytical Thinking
    • Cooperation
    • Stress Tolerance

    Tools

    • Scanners
    • Notebook computers
    • Laser fax machine
    • Desktop computers
    • Desktop calculator

    Technology

    • Tax preparation software
    • Financial analysis software
    • Enterprise resource planning ERP software
    • Compliance software
    • Accounting software

    Tags

    • InDemand occupations are considered a priority by the state of Ohio.
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.
    Need help on researching occupations and careers? Download the Guide to Researching Occupations (PDF).

    Need help on how to research education and training programs? Download the Guide to Higher Education (PDF).

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    Workforce Supply Tool

    Workforce Supply Tool

    The Workforce Supply Tool provides statistics for the occupations in highest demand throughout Ohio.

    You can view statewide statistics as well as more region specific information.

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