Financial reporting accountants play a crucial role in ensuring the accuracy and transparency of financial statements. They work closely with management to prepare financial reports that meet regulatory requirements and provide valuable insights for business decision-making.
The salary levels for financial reporting accountants can vary significantly depending on factors such as location, industry, and level of experience. In the United States, the median salary for a financial reporting accountant is around $65,000 per year.
Financial reporting accountants can specialize in areas such as auditing, financial analysis, or financial planning, and their roles can range from entry-level positions to senior leadership roles. For example, a senior financial reporting accountant can earn up to $120,000 per year.
What Is a Financial Reporting Accountant?
A financial reporting accountant is a professional responsible for ensuring the accuracy and compliance of financial statements with accounting standards and regulations. They play a crucial role in maintaining the integrity of a company's financial reporting.
Financial reporting accountants work closely with management and other stakeholders to prepare and present financial statements that accurately reflect a company's financial position and performance. They also ensure that financial statements are presented in a clear and transparent manner.
Their expertise is critical in maintaining investor confidence and regulatory compliance.
What Is i?
A Financial Reporting Accountant is a professional who plays a crucial role in ensuring the accuracy and transparency of financial data.
Their salary range is substantial, with the 75th percentile annual salary being $75,541, which translates to a monthly pay of $6,295 and a weekly pay of $1,453.
To give you a better idea, here are the salary ranges for Financial Reporting Accountants:
These figures can vary depending on factors like location and industry, so it's essential to research the market and your qualifications to negotiate your salary with confidence.
What Is a?
A financial reporting accountant's salary can vary greatly depending on their experience and location. The 90th percentile for this role earns an annual salary of $90,000, which translates to a monthly salary of $7,500 and an hourly rate of $43.
The average annual salary for a financial reporting accountant is $67,545, with a monthly salary of $5,629 and an hourly rate of $32. This is a good benchmark for those just starting out in the field.
In terms of hourly wages, a financial reporting accountant typically earns around $38 per hour, which can add up to a significant annual salary. For example, working 40 hours a week would result in an annual salary of around $78,000.
Here's a breakdown of the salary ranges for financial reporting accountants:
In Florida, the average annual salary for CPAs is $77,000, which is about 10% higher than the national average. This is a great opportunity for financial reporting accountants to earn a higher salary in a state with a strong job market.
Salary and Compensation
As a financial reporting accountant, your salary can vary depending on your location, education, and experience. Finance reporting accountants earn the highest average salary in Massachusetts.
In South Carolina, accountants earn an average annual salary of around $61,900, with wages starting from $39,220 for entry-level roles and going up to $107,160 for more senior positions. This salary is slightly below the national average for accountants, which stands at $63,550 per year.
Accounting salaries in South Carolina can range from $41,000 to $58,000 depending on your exact role, experience, location, and company. For example, an Accountant II with 5 years of experience at a large corporation in Charleston could make around $58,000.
As you gain more experience and take on higher-level roles, your salary will increase substantially. For instance, a Staff Accountant I earns around $45,000, while an Accounting Manager can make $85,000+.
Here's a breakdown of common accounting associate job titles and salary ranges in South Carolina:
Accounting associate salaries can vary depending on location in South Carolina, years of experience, size of company, and specific skills and certifications.
Salary Trends and Changes
The salary trends for financial reporting accountants have been on the rise over the last decade, with an average increase of $9,834 over the last ten years. This represents an 8% change in pay for finance reporting accountants.
According to recent data, accountants in South Carolina earn an average annual salary of around $61,900, which is slightly below the national average. However, cost of living is lower in SC, making salaries go further.
As accountants gain more experience and take on higher level roles, their salaries increase substantially. For example, a Staff Accountant I in South Carolina earns approx. $45,000, while an Accounting Manager can make $85,000+.
Here's a breakdown of the average salaries for different accounting roles in South Carolina:
It's worth noting that certain specialized accounting roles, such as Forensic Accountants, can command higher wages due to high demand.
Average Annual Change
The average finance reporting accountant salary has risen by $9,834 over the last ten years. This significant increase is a testament to the importance of financial reporting accountants in today's business landscape.
In 2014, the average finance reporting accountant earned $57,711 annually, but today they earn $67,545 a year. This change translates to an 8% increase in pay for finance reporting accountants over the last decade.
Florida's corporate accounting salary trends are influenced by the state's business-friendly tax policies, making it an attractive location for major corporations.
Average Over Time
The average salary for financial reporting accountants has seen a significant increase over the last decade, rising by $9,834 to reach $67,545 per year in 2024.
This growth represents an 8% change in pay for finance reporting accountants over the last decade, a notable shift in the industry.
The average salary for accountants in South Carolina is slightly below the national average, coming in at $61,900 per year.
However, the cost of living in South Carolina is lower, making salaries go further.
As accountants gain more experience and take on higher-level roles, their salaries increase substantially. For example, a Staff Accountant I in South Carolina earns approximately $45,000, while an Accounting Manager can make $85,000+.
Here's a breakdown of average salaries for accountants in South Carolina:
Bonuses and profit sharing can add 10-20% or more to total compensation for accountants working in industry roles for corporations.
In Florida, the average salary for a Corporate Accountant is $65,000 per year, with salaries varying by location and company size.
For example, accountants working in Miami tend to earn slightly more at $68,000, while those in Orlando average $63,500.
Large corporations in Florida tend to offer higher salaries, with accountants earning approximately $75,000 on average.
Overall, the average salary for financial reporting accountants has seen a notable increase over the last decade, with salaries varying by location and experience level.
Salary by Location
In Florida, accountants can expect to earn around $72,000 annually in major economic hubs like Miami.
Salaries in smaller metro areas and rural regions tend to be 5-15% lower than in major cities, but still remain competitive.
The average salary for accountants in South Carolina is around $61,900, with wages typically starting from $39,220 for entry-level roles.
Location within South Carolina impacts salaries, with accountants in major metro areas like Charleston and Columbia earning more than in rural parts of the state.
In California, the average yearly salary for a Financial Reporting Accountant I is $74,221, while in Massachusetts, it's $73,212.
Here's a breakdown of average salaries for Financial Reporting Accountants I in different states:
In Florida, accounting salaries tend to be higher than national averages, driven by factors like a strong economy, high demand for accounting skills, and specialized industry knowledge.
Certifications can also boost Florida accounting salaries significantly, with CPAs earning 23% more on average.
Sources
- https://www.salary.com/research/salary/benchmark/financial-reporting-accountant-i-salary
- https://www.zippia.com/salaries/finance-reporting-accountant/
- https://www.vintti.com/blog/accounting-salaries-in-florida-sunshine-and-salaries-a-financial-look
- https://www.vintti.com/blog/accounting-salaries-in-south-carolina-palmetto-paychecks-in-accounting
- https://www.accounting.com/careers/cpa/salary/california/
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