what is an accountant?
As an accountant, you monitor the financial health of individuals and businesses. You play several roles in maintaining records, analysing costs and presenting financial reports. You ensure effective management of a company’s finances by tracking transactions and preparing financial statements.
Aside from monitoring finances and preparing budgets, you contribute to the company's financial stability by providing valuable insights for decision-making. Accurately tracking income, expenses, and data is useful when making investment projections. Other duties involve the preparation of tax returns and assessing the books of accounts to ensure they meet the accounting regulations of the International Financial Reporting Standards Foundation (IFRS).
You need strong maths skills and an affinity for numbers to excel in an accounting role. Your numerical prowess helps you analyse transactions. Problem-solving skills and analytical ability are also great assets for an accountant.
Would working as an accountant suit your numerical and analytical skills? Then read on to find out what competencies and qualifications you need to thrive in the role of an accountant.
accountant jobsaverage accountant salary
As an accountant, you earn a median salary of €36,000 per year. Exact earnings may fluctuate depending on your experience, educational qualifications and skills. When starting out in the role, you earn a lower wage of approximately €25,000 per year. With years of expertise, you can take home over €44,000 yearly working as an accountant.
what factors affect the salary of accountants?
The size of the company you work for influences your earning potential due to the scope and complexity of your duties. In a small company, you likely handle all of the accounting tasks since the business has fewer transactions. In a large company, you handle complex transactions that require additional expertise. Large companies also have substantial resources and can afford to pay accountants a higher salary.
Having additional professional credentials like an Associate Chartered Accountant qualification improves your earnings. Becoming a member of the Institute of Certified Public Accountants of Greece (SOEL) also makes you more competitive in the job market. With chartered accountancy qualifications, you can often negotiate a higher salary.
types of accountants
Some of the different types of accountants include:
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certified public accountants
A certified public accountant (CPA) is both a job title and a certification. To receive this designation, you should have an accounting degree, complete a designated number of state-mandated hours as an accountant, and pass a state CPA qualification exam. You should also register with the Institute of Public Accountants of Greece to perform audit duties. As a CPA, you take on advanced accounting and finance positions in an organisation.
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tax accountants
As a tax accountant, you specialise in tax preparation and resolution. You may be a team member in an accounting firm or work as an internal tax accountant for the company.
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forensic accountants
Forensic accountants are advanced auditors who trace money when it has disappeared. Companies hire forensic accountants in cases of embezzlement. These accountants not only trace the money but also seek to find a way to get it back.
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investment accountants
Investment accountants help individuals and businesses with financial planning and investing. While many general accountants are involved with investments, the work of a professional investment accountant focuses solely on this aspect of the job. In this field, you develop investment strategies for long-term and short-term growth.
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ledger accountants
Your accounting career usually begins with a position as a ledger accountant. It is a junior-level position in the accounting department. Ledger accountants perform basic accounting tasks, like balancing books, filing reports and checking the accuracy of all financial data.
working as an accountant
If you want to become an accountant, discover the duties, responsibilities, work environments and job prospects of accountants in Greece.
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what does an accountant do?
Your duties as an accountant depend on the size of the company and your level within the organisation. However, some duties are standard for accountants at all levels, including:
- Maintaining accurate financial records: keeping track of the financial health of a department, business, or other organisation is central to your role. Your tasks involve performing or overseeing data entry. In businesses that use integrated accounting software to automatically enter transactions, your job is to ascertain accuracy.
- Reconciling accounts: as an accountant, you confirm that the numbers on reports match the company's assets. If a bank statement does not indicate the same value as the in-house report, you track down the source of the discrepancy.
- Month-end and year-end closing: businesses periodically close their financial books for tax and planning purposes. As an accountant, you compile all transactions for a given period: a month, quarter or year. The reports generated from the term-end closing provide a snapshot to management about the organisation's financial health. In building or manufacturing companies, you assess the current inventory of materials that may be part of the closing process.
- Tax preparation: as an accountant, you ensure businesses file taxes with the Independent Authority for Public Revenue (IAPR) every year. You prepare the forms and submit tax returns properly while taking advantage of tax laws. Failure to file taxes can lead to audits and result in expensive fines.
- Preparing financial reports: as an accountant, you prepare financial statements. You also write reports on the financial records and present them to the company's management to assist in decision-making. You collaborate with auditors and controllers to ensure the financial statements show the company's true position.
- Audit preparation: when you are a certified public accountant, you can audit and inspect the books of accounts in a company. You verify the accuracy of the financial reports and present your findings to the management. When there's suspicion of fraud, you conduct an investigation and create reports for management.
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work environment of an accountant
As an accountant, you work in diverse industries, from manufacturing to construction and information technology (IT) companies. You also work in auditing or accounting firms. Except for forensic accounting, accountants work indoors in an office. The time of the written ledger has faded away, so accountants spend most of their day in front of a computer screen. Cost accountants periodically go to warehouses to verify material and product inventories.
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who are your colleagues?
Depending on your industry, you work with diverse professionals, including auditors, bookkeepers and data entry clerks. You also work alongside office managers, administrators and controllers. Since you work in diverse departments, you may interact with marketing managers, sales managers and inventory specialists.
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accountant work schedule
In most cases, accountants work a regular daily schedule as full-time employees. The accounting department should be available during traditional business hours to consult with management for decision-making purposes. In manufacturing, retail and other industries, month-end periods may mean working extra hard to assess inventory and reconcile the books.
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career opportunities as an accountant
Accountants start their careers working in entry-level junior accountant or accounting assistant roles. With experience, you can specialise in various areas, like becoming an investment accountant, tax accountant or financial accountant. Some accountants progress to higher roles, such as controller or finance manager.
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advantages of finding a job as an accountant through randstad
Working with Randstad offers you a range of benefits.
- always a contact person you can fall back on and ask for help from
- a range of jobs in your area
accountant skills and education
To become an accountant in Greece, you require the following educational qualifications:
- Education: you require a degree in accounting or finance to work as an accountant. If you have a bachelor's degree in a different field, consider obtaining a master's degree in a relevant field to qualify for accounting certifications.
- Work experience and certifications: to work as an accountant in Greece, you require certified public accountant certification from SOEL. After completing five years of practical experience, you can take the certification examination to obtain a licence.
competencies and characteristics of accountants
Employers need their accounting staff to have the right skills and mindset. Some of the qualities of an accountant include:
- Maths skills: to work as an accountant, you need a natural affinity for mathematics. You should be able to manipulate numbers quickly without a calculator. However, you do not need advanced mathematical knowledge to excel. You should also possess basic knowledge of statistics in order to create and interpret reports.
- Attention to detail: as an accountant, paying attention to details is a strong asset. Part of your job is to look for ways to reduce costs and increase profits. Your attentiveness to details helps you save money and add a great deal to a company’s bottom line over the year.
- Computer skills: as an accountant, you do most of your work on a computer. You rely on your computing skills to create spreadsheets and work with accounting software programs. You also require knowledge of online communication methods, including email and video conferencing tools.
- Organisational skills: accountants require good organisational skills to keep accurate records. With your organisation skills, you maintain digital files so that outside auditors can quickly find necessary data. Your skills also help you simplify time-consuming tasks, like month-end closing and financial reports, and complete them on time.
- Communication skills: as an accountant, you translate financial information in a meaningful way. Company managers depend on clear communication to make informed decisions. Your communication skills help you write clear reports for leaders, making it easy for them to understand the organisation's financial health.
FAQs
Here, you will find the answers to the most frequently asked questions about the profession of an accountant.
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what are the duties of an accountant?
As an accountant, you prepare and examine financial records. You compile financial transactions and analyse them to determine the company's financial health. With your knowledge of budgeting and forecasting, you analyse risks and provide solutions for businesses and individuals.
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what accounting standards are used in Greece?
As a member of the European Union, companies and businesses in Greece follow the EU Accounting Regulations and IFRS standards for preparing and consolidating financial statements. Hence, companies follow the IFRS standards for accounting analysis and forecasting.
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is it stressful to be an accountant?
As an accountant, you work under pressure to meet deadlines and handle heavy workloads. The work may be stressful if you are easily frazzled. However, you can manage the workload and minimise stress with good organisational and time management skills.
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what skills do you need to work as an accountant?
As an accountant, you require exceptional maths skills. You should be good with numbers since you spend most of your day analysing financial transactions. Since you help managers make investment decisions, you require business acumen to analyse the risks and identify opportunities for business growth. Time management skills are also valuable in managing deadlines.
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is accounting a good career?
Working as an accountant is a promising career with good compensation. You have numerous opportunities for specialisation and career growth. You can progress to higher roles in the company, like becoming a finance manager or controller.
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how do I find a job as an accountant?
Finding a job near you as an accountant is easy. Search our job offers. Have you found what you're looking for? Then submit your application using the ‘Apply’ button top right on the page. No jobs available right now? Then log in or register an account to send us your resume and we'll pass it on to a recruiter who will contact you if an opportunity opens up for you.