Accounting Careers in Burnsville, Minnesota
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Financial accountants in Burnsville, Minnesota, earn a median salary of $55,000 per year, as of 2010.
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Accountants in Burnsville, Minnesota perform various duties depending on their employer, their industry, and corporate staffing needs. A financial accountant helps a firm record operating data. A tax accountant ensures that staff members abide by fiscal requirements when performing tasks. A financial auditor reviews internal processes and ensures they are adequate.
Financial Accountant
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A financial accountant records corporate transactions in ledgers by debiting and crediting financial accounts such as asset, liability, equity, revenue and expense. He also prepares financial statements that are complete, accurate and conform to U.S. generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). IFRS and GAAP require a financial accountant to issue four accounting statements—balance sheet, statement of income and loss, statement of cash flows and statement of retained earnings. A bachelor's degree in accounting, auditing or taxation is usually necessary for a financial accountant position. A senior professional often has a master's degree in a finance-related field and a certified public accountant (CPA) or certified financial manager license. A financial accountant works normal business hours on weekdays, but may be busy at the end of the month during the accounting close process. According to Indeed.com, a career information website, a financial accountant earns a median salary of $55,000 as of 2010.
Tax Accountant
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A tax accountant computes corporate fiscal liabilities and ensures that a firm sends payment checks to local, state and federal agencies on time. She also ensures that staff members comply with fiscal rules and regulations when performing tasks. A tax accountant usually has a four-year college degree in taxation or accounting. A senior professional often holds a CPA license or an enrolled agent designation. He normally works a regular business hours' shift, but may be busy at the end of each quarter or year with regulatory filings with the Securities and Exchange Commission and the Internal Revenue Service. Indeed.com reports that tax accountants earn median wages of $57,000 as of 2010.
Financial Auditor
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A financial auditor reviews internal controls and procedures in financial accounting and reporting processes and ensures they adhere to GAAP and generally accepted auditing standards. He also ensures these controls are adequate, functional and conform to top leadership's recommendations and industry practices. A control is a set of instructions that department heads put into place to prevent operating losses. A financial auditor position requires a bachelor's degree in auditing or accounting. A senior financial auditor or a professional with significant managerial duties often has a CPA or certified information systems auditor license. He works 40 hours a week, Monday through Friday. A financial auditor earns a yearly salary of $67,000 as of 2010, according to Indeed.com.
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