The job of Accounting Analyst 1 is an entry-level position that you can obtain as a recent university graduate with a major in accounting. In the job description for this position, you will see that you will be responsible for reviewing, maintaining, analyzing and developing accounting systems for the company or government agency that you work with. The main focus of your work will be to review the current accounting systems and make recommendations for improvement. You will act as an assistant in the planning and development stages or you may be called upon to assist a senior ranking analyst in solving complex problems.
The specific duties of an Accounting Analyst 1 include:
- Taking part in periodic reviews of the accounting systems
- Preparing detailed reports of the system operation and recommendations for improvements or changes
- Preparing graphic displays of financial data to make it clearer than simply using spreadsheets
- Performing research of accounting systems designs
- Making preliminary studies about the needs of the company or agency for its accounting systems
To obtain the position of Accounting Analyst 1, you need to have a degree with at least thirty semester hours in accounting. You must have at least one course in data processing systems with studies in PERT and/or CPM analysis. Another course you need to have is applying statistics to the methods used in accounting. You can also meet the criteria for this job if you have at least four years of work experience as a public or private accountant, but you do need to have the detailed courses that will give you the knowledge and skills you need in this job.
Some of the specific knowledge you need for the position of Accounting Analyst 1 includes a working knowledge of accounting principles and methods and how to apply this knowledge to real life situations. You don’t need to have a detailed knowledge of data systems and design because you will get most of this training on the job. Knowledge of government accounting is also beneficial.
In the job of Accounting Analyst 1, you will need the ability to develop new accounting methods and procedures to meet changing situations in the workplace and the economy. The interpretation of financial data is essential and you must prepare accurate statements of the data for your supervisors and the investors. This means you must not only have the analysis skills, but you also need to be able to use word processing and oral and written skills for the reports. Since you will be dealing with other accountants and supervisors, you must have excellent interpersonal skills in order to establish good working relationships. The salary for this job falls within the average range, but there is plenty of room for advancement. As you gain more experience and perform your duties well, you will certainly get promotions and advance through the ranks.
