Accounting consultant job description

Written by martin muchira
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Accounting consultant job description
An accounting consultant advises on the analysing and interpretation of financial information. (Getty Images)

An accounting consultant offers recommendations on the most appropriate practices essential for evaluating, recording, obtaining, analysing and interpreting financial data. He offers consultation on financial data necessary for preparation of financial statements and reports required by different statutory and regulatory authorities as well as internal management. An accounting consultant works with both internal and external sources of the organisation.

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Education and certification

An accounting consultant holds a bachelor’s degree in accounting, business administration, finance or any other related field. He also holds a Certified Public Accountant (CPA) certification. He has work experience in accounting and/or auditing.

Responsibilities and duties

An accounting consultant offers consultation to the management regarding financial data and analysis necessary to work out operating and administrative problems. He coordinates and oversees the preparation of groundwork on complex financial information required by external and internal auditors, local examiners, the HMRC and other relevant regulatory agencies. An accounting consultant also offers assistance in the groundwork and analysis of intricate pro-forma financial data. She is the project leader and oversees the creation and design of enhanced and new systems.

Desirable qualities

An accounting consultant has strong analytical and project management as well as internal controls skills. She is also proficient in computer application skills, particularly Microsoft Access and Excel for easy recording and analysis of financial data. She is also able to motivate and inspire team members since she assumes a leadership role in the accounting department. She also understands the regulatory requirements relevant to the functional business area she works under. An accounting consultant understands the company’s products, services and the organisation structure and is also conversant with the principles of taxation and how they affect the preparation of the financial statement.

Compensation

An accounting consultant earns an average salary of about £30,000 to £45,000 annually, according to Prospects (as of June 2014). He may also get a bonus, profit-sharing and commissions annually. She is also entitled to additional benefits including medical and insurance coverage.

Job outlook and conditions

An accounting consultant can work in an accounting or auditing firm, business consulting firm, financial services, consultancy or tax and audit services. An accounting consultant holding professional recognition through certifications such as CPA has increased job prospects. He normally works in an office setting even though he may also travel.

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