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Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
 Tools & Technology
 Tools used in this occupation:
 
  • Notebook computers
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  • Personal digital assistant PDAs or organizers
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  • Desktop computers
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  • Personal computers
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  • Tablet computers
  •  Technology used in this occupation:
     
  • Financial analysis software
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  • Compliance software
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  • Enterprise resource planning ERP software
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  • Accounting software
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  • Analytical or scientific software
  •  Tasks
     
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
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  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
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  • Prepare detailed reports on audit findings.
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  • Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
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  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
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  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
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  • Supervise auditing of establishments, and determine scope of investigation required.
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  • Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
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  • Confer with company officials about financial and regulatory matters.
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  • Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
  •  Skills
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
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  • 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.
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  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
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  • Speaking - Talking to others to convey information effectively.
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  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
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  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
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  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
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  • Mathematics - Using mathematics to solve problems.
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  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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  • Time Management - Managing one's own time and the time of others.
  •  Knowledge
     
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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  • 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.
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  • 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.
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  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
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  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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  • 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.
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  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
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  • Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
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     Education & Training
      Education:   Most of these occupations require a four-year bachelor's degree, but some do not.
      Related Experience:   A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
      View Related Programs on Connecticut's Education & Training ConneCTion site.
     Browse Through a List of Businesses That Employ People With Your Same Skills
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     Wage Information
     
    Region Average Entry Level  Mid-Range 
    Annual  Hourly 
    Statewide $83,731.00 $40.25  $26.12  $29.62 - $46.88 
    Bridgeport/Stamford $91,488.00 $43.99  $28.49  $31.90 - $50.51 
    Danbury $88,558.00 $42.58  $27.25  $30.03 - $49.96 
    Hartford $80,353.00 $38.63  $25.87  $29.31 - $44.43 
    New Haven $79,812.00 $38.36  $25.48  $28.59 - $45.71 
    New London/Norwich $71,555.00 $34.40  $25.20  $27.28 - $39.84 
    Waterbury $65,942.00 $31.70  $20.87  $23.97 - $37.65 
    Torrington $65,135.00 $31.31  $22.55  $24.89 - $35.86 
     Occupation Outlook ( 2016 - 2026 )
    Average Annual Job Openings:   1844
      Employment in this occupation is expected to grow faster than average, and the number of annual openings will offer excellent job opportunities.
    ONET Resource Center Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.
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