Occupation Summary

Accountants

O*NET 13-2011.01

Description:

Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Annual Wages:
$80,198.00
Employment Rate:
Employment is expected to increase by 18.89%.
Education Level:
Bachelor's Degree. According to O*Net, the majority of people employed in this occupation have this level of education.
Endorsement:
Business and Industry, Science Technology Engineering and Math (STEM)

  1. Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  2. Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
  3. Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
  4. Report to management regarding the finances of establishment.
  5. Establish tables of accounts and assign entries to proper accounts.
  6. Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
  7. Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
  8. Prepare forms and manuals for accounting and bookkeeping personnel and direct their work activities.
  9. Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems.
  10. Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.
  11. Provide internal and external auditing services for businesses or individuals.
  12. 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.
  13. Represent clients before taxing authorities and provide support during litigation involving financial issues.
  14. Appraise, evaluate, and inventory real property and equipment, recording information such as the description, value, and location of property.
  15. Maintain or examine the records of government agencies.
  16. Serve as bankruptcy trustees or business valuators.

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National Industry Employment Patterns


Industry % of Accountants employed Annual Growth Rate
Accounting and bookkeeping services 25.3 1.12
Management and technical consulting services 2.3 2.30


Labor Market Information


2018 Statewide average hourly wage $38.56
2018 National average hourly wage $37.89
2016 National employment 1,397,700
2016 Texas employment 126,448
Texas projected employment by 2026 150,338
Texas projected annual employment and Turnover openings through 2026 14,437




TEXAS COUNTY MAP BY WORKFORCE DEVELOPMENT AREA
* Due to confidentiality rules, not all regions may have the data displayed. The sum of all the regions may not be equal to the state total.


Top 10 Relevant Knowledge Areas Relevant Importance Levels
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
89.60%
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
81.40%
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
71.80%
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
71.40%
Clerical
Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
71.20%
Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
68.60%
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
67.80%
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
61.40%
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
56.80%
Communications and Media
Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
44.40%


Top 10 Relevant Skill Areas Relevant Importance Levels
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.
77.60%
Mathematics
Using mathematics to solve problems.
77.60%
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
75.00%
Reading Comprehension
Understanding written sentences and paragraphs in work related documents.
75.00%
Speaking
Talking to others to convey information effectively.
72.40%
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
72.40%
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
70.00%
Time Management
Managing one's own time and the time of others.
67.60%
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
67.60%
Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
65.00%


Top 10 Relevant Abilities Relevant Importance Levels
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
82.40%
Written Comprehension
The ability to read and understand information and ideas presented in writing.
82.40%
Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
82.40%
Number Facility
The ability to add, subtract, multiply, or divide quickly and correctly.
80.00%
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
75.00%
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
75.00%
Near Vision
The ability to see details at close range (within a few feet of the observer).
75.00%
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
72.40%
Written Expression
The ability to communicate information and ideas in writing so others will understand.
72.40%
Problem Sensitivity
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
72.40%


  • Interacting With Computers
    -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Processing Information
    -- Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Getting Information
    -- Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Evaluating Information to Determine Compliance with Standards
    -- Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  • Organizing, Planning, and Prioritizing Work
    -- Developing specific goals and plans to prioritize, organize, and accomplish your work.
Other Activities


  • Account for organizational funding
  • Advise clients and customers on technical matters
  • Advise internal stakeholders on technical matters
  • Analyze administrative, financial, and operational budgets
  • Analyze applicant financial status
  • Analyze business, operational, or management reports
  • Analyze credit information
  • Analyze financial data or information
  • Analyze legal questions
  • Answer questions from customers or the public
  • Answer questions from employees or colleagues
  • Appraise personal property or equipment
  • Appraise value of documents, manuscripts, photographs, or artifacts
  • Attend professional conferences and events
  • Calculate Return on Investment (ROI)
  • Compile data or information for financial reports
  • Compute financial data
  • Compute state and federal taxes
  • Conduct financial investigations
  • Conduct fund raising activities
  • Conduct informational presentations
  • Conduct interviews to gather information
  • Confer with party responsible for individual taxpayer representation
  • Detect discrepancies in records or reports
  • Determine liability of organization or client
  • Determine tax liability
  • Develop complex computer databases
  • Develop operational budgets
  • Develop simple financial data repositories or databases
  • Direct financial activities
  • Disburse organizational funding
  • Ensure compliance with government regulations
  • Estimate costs or price arrangements
  • Estimate travel rates or expenses
  • Evaluate ability of applicant
  • Evaluate degree of financial risk
  • Examine expenditures to ensure activities are within budget
  • Examine financial documents to verify issue
  • Examine permits or licenses to ensure compliance with requirements
  • Explain available financial assistance
  • Forecast revenue or sales
  • Identify financial risks to company
  • Inform clients of fluctuations affecting account
  • Inspect account books or systems for efficiency, effectiveness, or acceptability
  • Inspect products or systems for regulatory compliance
  • Interpret laws or legislation
  • Inventory real property or equipment
  • Maintain customer and account records
  • Maintain employee records
  • Maintain quality assurance procedures
  • Maintain record of organization expenses
  • Maintain travel expense accounts
  • Obtain information from clients, customers, or patients
  • Obtain information from stakeholders or constituents
  • Operate computers to enter, calculate, access, and retrieve data
  • Organize individual, group, or organizational account invoices
  • Perform clerical duties such as typing, accepting orders, or sorting mail
  • Perform continuing education to maintain licenses, certifications, qualifications, and knowledge currency
  • Perform cost benefit analysis
  • Perform financial analysis of organizational resources and health
  • Perform risk assessment analysis
  • Perform statistical cost estimation
  • Perform tests to assess compliance with standards
  • Prepare bank deposits
  • Prepare billing statements
  • Prepare business, operational, or managerial reports
  • Prepare corporate minute books
  • Prepare correspondence relating to financial discrepancies
  • Prepare cost estimates
  • Prepare financial reports
  • Prepare rental or lease agreements
  • Prepare tax returns
  • Prepare technical or scientific reports
  • Process account invoices
  • Process credit transaction
  • Process payroll documents, records, or checks
  • Recommend action to ensure compliance
  • Reconcile financial records
  • Request reports or records
  • Resolve invoice, purchasing, funding, or payment discrepancies
  • Review credit applications
  • Review insurance policies to determine appropriate coverage
  • Review laws for understanding and application
  • Review records for accuracy and completeness
  • Track facility or production costs
  • Verify bank or financial transactions
  • Verify signatures for financial transactions
  • Write administrative procedures services manual


  • Achievement
    - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
  • Relationships
    - Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.



Tools

Desktop calculator: 10-key calculators;

Desktop computers: Desktop computers;

Laser fax machine: Laser facsimile machines;

Notebook computers: Notebook computers;

Personal computers: Personal computers;

Photocopiers: Photocopying equipment;

Scanners: Scanners;

Tablet computers: Tablet computers;


Technology

Accounting software: ATX Total Accounting Office; ATX Total Engagement Office; Accounts payable software; Accounts receivable software; Accurate NXG; AcorynSystems Activity Based Costing/Management ABC/M; AdaptaSoft CyberPay; Asset management software; Automation Counselors municiPAL; Billing software; Best MIP Fund Accounting; CCIS AccountAbility; CYMA IV Accounting for Windows; Cost accounting software; Evron Computer Systems SAGE PFW (Platinum For Windows); FRx Software Microsoft FRx; Financial reporting software; Financial statement software; Heron CrossTie General Ledger; Fund accounting software; General ledger software; Intuit QuickBooks Premier; Intuit QuickBooks software; Invoice software; Micronetics Xpert Write-up; Lead Activity Analyzer; Lead Business Analyzer; Multiview Accounts Receivable; New Millennium Communications Genesis Accounting; PROPHIX Enterprise; Pro Systems Client Write-Up System for Windows; Profit Developers Electronic File Interchange; Sage BusinessWorks; Sage CPAAccounts Payable; Sage CPAAccounts Receivable; Sage CPAClient Checkbook; Roundtable Software Advantage Accounting System; Softrax Revenue Management; Summit Software Summit Biofuels Accounting; UA Business Software Professional Edition;

Business intelligence and data analysis software: Qlik Tech QlikView; Oracle Business Intelligence Enterprise Edition; IBM Cognos Impromptu;

Compliance software: Intrax ProcedureNet; Accounting compliance software; ACCUCert software; FLS eDP PAYROLLtax; Paisley RiskNavigator; Paisley Cardmap; Paisley Focus Control Assurance; Tax compliance property tax management software;

Computer aided manufacturing CAM software: Computer aided manufacturing CAM software;

Customer relationship management CRM software: Blackbaud The Raiser's Edge;

Data base reporting software: ADP Super Report Writer; SAP Crystal Reports;

Data base user interface and query software: Sage 300 Construction and Real Estate; Practice management software PMS; Structured query language SQL; Yardi Systems Yardi Enterprise; Best Software CPAPayroll; FileMaker Pro software; Microsoft Access;

Development environment software: eXtensible Business Reporting Language XBRL; Microsoft Visual Basic;

Document management software: OmniRIM software; Sage CPADocument Manager; Document management system software; Accutrac software;

Electronic mail software: IBM Notes; Microsoft Outlook;

Enterprise application integration software: SAP BusinessObjects Data Integrator;

Enterprise resource planning ERP software: SAP software; Sage Platinum for Windows PFW; Sage ERP Accpac; Sage MAS 200; NetSuite NetERP; Oracle Hyperion software; Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft; Microsoft Dynamics GP; Microsoft Dynamics NAV; Microsoft Dynamics SL; Exact Software Macola ES; Cartesis ES Magnitude; AcornSystems Corporate Performance Management; Accountants Templates JAZZ-It!;

Enterprise system management software: IBM Power Systems software;

Financial analysis software: Cartesis Magnitude iAnalysis; Cammack Computations Inter-Est; Delphi software; Estate planning software; Fixed-assets depreciation software; Brentmark Estate Planning Quickview; Accounting fraud detection software; AuditWare software; Paisley IssueTrack; Paisley AutoAudit; Pentana audit work system PAWS; Payables Tests Sets for ACL software; RSM McGladrey Advanced Practice Solutions Paperless Audit; RSM McGladrey Auditor Assistant; OSI TrustWise; Oracle E-Business Suite Financials; MethodWare ProAudit Advisor; Microsoft FRx; Sage MAS 500; Sync Essentials Trade Accountant;

Human resources software: Sage Abra HRMS; CPSI EHR System;

Inventory management software: AIM Asset Management Software;

Office suite software: Microsoft Office software;

Operating system software: Microsoft Windows;

Presentation software: Microsoft PowerPoint;

Spreadsheet software: Microsoft Excel;

Tax preparation software: KPB Associates TaxStream; Intuit TurboTax; IDMS Account Ability; Income tax return preparation software; Intuit Lacerte; Intuit ProSeries; H&R Block TaxCut Software; Creative Solutions UltraTax 1040; 1099 ProsSoftware; ATX Total Tax Office; Abacus Tax Software; Advanced Micro Systems 1099-Etc; American Riviera Magtax; CCH ProSystem fx TAX; Avalara AvaTax ST; BNA Estate and Gift Tax Suite; BNA Income Tax Planning Solutions; BNA Sales and Use Tax Rates and Forms; NewPortWave Year End Solutions; Orrtax Software IntelliTax Business for Windows; Orrtax Software IntelliTax Classic; Thomson GoSystem Tax; Universal Tax Systems TaxWise;

Time accounting software: Payroll software;

Transaction server software: Tumbleweed SecureTransport;

Word processing software: Microsoft Word;


Related O*NET occupational titles for Accountants include:
  • 13-2011.02 Auditors
  • 43-3031.00 Bookkeeping, Accounting, and Auditing Clerks
  • 13-2031.00 Budget Analysts
  • 11-3111.00 Compensation and Benefits Managers
  • 13-1141.00 Compensation, Benefits, and Job Analysis Specialists
  • 13-2041.00 Credit Analysts
  • 13-2051.00 Financial Analysts
  • 13-2053.00 Insurance Underwriters
  • 13-2052.00 Personal Financial Advisors
  • 13-2099.02 Risk Management Specialists


Sources of Additional Information
  • For more information about accredited accounting programs, visit: AACSB International—Association to Advance Collegiate Schools of Business
  • For more information about the Certified Public Accountant (CPA) designation, visit: American Institute of Certified Public Accountants (AICPA)
  • For more information about management accounting and the Certified Management Accountant (CMA) designation, visit: Institute of Management Accountants
  • For more information about internal auditing and the Certified Internal Auditor (CIA) designation, visit: The Institute of Internal Auditors
  • For more information about information systems auditing and the Certified Information Systems Auditor (CISA) designation, visit: ISACA
  • Accountants
  • Accountants and Auditors
  • Auditors

  • Contact Texas Workforce Commission
    Labor Market and Career Information  |  101 E. 15th Street, Annex Room 0252  |  Austin, Texas 78778
    Official Website  |  1-800-822-PLAN (7526)  |  512.936.3200

    ** The information in this report may be derived from many sources like O*NET, BLS (Bureau of Labor Statistics), OOH (Occupational Outlook Handbook), and Career One Stop.