How to Become an Accounting Director
Step 1: Understand the job description and responsibilities of an Accounting Director
What does an Accounting Director do?
AN Accounting Director directs the establishment and implementation of an organization's accounting policies and procedures. Has overall responsibility for assigned accounting operations and systems as well as associated analysis and report preparation. Being an Accounting Director leads and directs accounting professional and support staff through subordinate managers. Requires a bachelor's degree. Additionally, Accounting Director may require CPA certification. Typically reports to the CFO or top management. The Accounting Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be an Accounting Director typically requires 5+ years of managerial experience.
Use this accounting director job description sample to guide you in creating an advertisement to attract the right candidate.
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Often, controllers oversee the accounting, audit, and budget departments of their organization.
A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers.
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Step 2: Learn best tips to become an Accounting Director
Best tips for those who want to become an Accounting Director
Here are some tips to become an Accounting Director.
Have a good mentor - mentors can provide advice based on first-hand experience to help develop leadership abilities, as well as leveraging off their connections and networks to help advance your career.
Have a broad skillset – Keep your work duties varied so you do not get pigeon-holed into one area of finance.
Be tech savvy – Use technology effectively to improve processes and create efficiencies is vital to add value in your day to day finance role.
Be a team player – Develop your skills into senior positions, having experience managing people is vital and becomes more important the more senior you become.
Embrace change - Today’s ever changing business environment requires finance professionals to adopt an informed and forward thinking approach to decision making.
Step 3: View best colleges and universities for Accounting Director
Best colleges and universities for Accounting Director
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be an Accounting Director
Is being an Accounting Director Worth it?
Step 5: Prepare relevant skills for being an Accounting Director
What skills do you need to be an Accounting Director?
Due to the management level associted with this job, many skills are required to being successful and ensuring the success of your team. It is necessary to be able to excel with: Accounting Management, Activity-Based Management (ABM), Asset Management, Balance Sheet Analysis, Expense Management, Financial Accounting, General Ledger Accounting, Revenue Recognition, Year-End Close, GAAP Standards. For management positions, some skills may come as a no brainer, for this role those would be: Accounting Software. As you can tell, it is no easy feat to be a manager, and the skills required reflect that.
The Director of Accounting must be able to gather and supply this data as well as interpret and present the information.
A Director of Accounting must be reliable and highly organized.
Knowledge of Generally Accepted Accounting Principles (GAAP).
Proven knowledge of accounting regulations, practices and standards.
3-5 years of prior experience as an Accounting Manager.
Step 6: View average salary for Accounting Director
How much does an Accounting Director make?
The average salary range for an Accounting Director is from $144,088 to $180,205. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Accounting Director jobs
- Accounting Operations Director
- Director of General Accounting
- Financial Accounting Director
- Patient Accounting Director
- Accounting Manager