Data & Research
UI Portal Employer Portal Claimant Portal
 
* ELMI Occupation Report *
 
Accountants

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.   (O'Net 13-2011.01)

 
Reported job titles:   Account Administrator, Accountant, Accountant Manager, Accounting Bookkeeper, Accounting Consultant, Accounting Manager   (view all job titles)
 
  • Career Video
  • Wages
  • Employment Trends
  • Industries of Employment
  • Tasks
  • Knowledge
  • Skills
  • Abilities
  • Work Activities
  • Interests
  • Work Styles
  • License Information
  • Education & Training Requirements
  • Schools
  • Other Resources
  • Related Occupations
  •  


    Career Video
    for Accountants and Auditors
     
    Accountants and Auditors photo Accountants and Auditors photo Accountants and Auditors photo
    Career Video:   View video on Accountants and Auditors
     


    Wages
    for Accountants and Auditors which includes:
                          - Accountants
                          - Auditors
    Back to Top
     Location Pay
    Period
    2013
    Percentile Wages Average
    Wage
    10% 25% 50%
    Median
    75% 90%
     Vermont Hourly $ 20.36   $ 24.26   $ 29.74   $ 37.91   $ 47.73   $ 33.15  
    Yearly $ 42,350   $ 50,460   $ 61,850   $ 78,860   $ 99,270   $ 68,950  
     
     Burlington-South Burlington, VT Metropolitan NECTA Hourly $ 20.83   $ 24.95   $ 30.55   $ 38.33   $ 47.68   $ 34.28  
    Yearly $ 43,330   $ 51,890   $ 63,540   $ 79,730   $ 99,170   $ 71,310  
     
     Southern Vermont Balance of State Hourly $ 19.84   $ 23.43   $ 29.16   $ 39.04   $ 46.32   $ 32.01  
    Yearly $ 41,260   $ 48,730   $ 60,660   $ 81,210   $ 96,340   $ 66,580  
     
     Northern Vermont Balance of State Hourly $ 20.26   $ 23.89   $ 28.94   $ 36.18   $ 49.44   $ 32.32  
    Yearly $ 42,140   $ 49,700   $ 60,190   $ 75,250   $102,820   $ 67,230  
     
    What are Percentile Wages?
    source: Occupational Employment Statistics, Vermont Labor Market Information, U.S. Bureau of Labor Statistics, released April 2014.
     


    Employment Trends
    for Accountants and Auditors which includes:
                                  - Accountants
                                  - Auditors
    Back to Top
    Location Employment Annual % change
    (compounded)
    Annual job openings
    (due to growth and
    net replacements)
    2010 2020
    Vermont 3,214 3,479 0.8% 95
    Burlington-South Burlington, VT Metropolitan NECTA 1,189 1,266 0.6% 34
    Southern Vermont Balance of State 975 1,077 1.0% 31
    Northern Vermont Balance of State 1,070 1,159 0.8% 32
    source: Employment Projections, Vermont Economic & Labor Market Information, in cooperation with U.S. Bureau of Labor Statistics, statewide estimates released August 2012, area estimates released April 2013.
     


    Industries of Employment
    for Accountants and Auditors which includes:
                                - Accountants
                                - Auditors
    Back to Top
    Industry Vermont
    2010
    Employment
    Percent
    of Total
    Professional, Scientific, and Technical Services 636 20%
    Total Self-Employed and Unpaid Family Workers, Primary Job 517 17%
    State Government, Excluding Education and Hospitals 347 11%
    Educational Services 171 6%
    Insurance Carriers and Related Activities 100 4%
    Computer and Electronic Product Manufacturing 96 3%
    Local Government, Excluding Education and Hospitals 93 3%
    Federal Government, Excluding Post Office 58 2%
    Real Estate 54 2%
    source: Employment Projections, Vermont Economic & Labor Market Information, in cooperation with U.S. Bureau of Labor Statistics, released August 2012.
     


    Tasks
    for Accountants
    Back to Top
     
     
  • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
     
  • Report to management regarding the finances of establishment.
     
  • Establish tables of accounts and assign entries to proper accounts.
     
  • Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
     
  • Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting or other tax requirements.
     
  • Maintain or examine the records of government agencies.
     
  • 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.
     
  • Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
     
  • Provide internal and external auditing services for businesses or individuals.
     
  • Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
     
    source: Occupational Information Network: Accountants  updated June 2009
     


    Knowledge
    for Accountants
    Back to Top
     
     
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
     
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
     
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
     
  • 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.
     
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
     
  • 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.
     
  • 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.
     
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
     
    source: Occupational Information Network: Accountants  updated June 2009
     


    Skills
    for Accountants
    Back to Top
     
     
  • Mathematics - Using mathematics to solve problems.
     
  • 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.
     
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
     
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
     
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
     
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
     
  • Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
     
  • Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
     
  • Coordination - Adjusting actions in relation to others' actions.
     
    source: Occupational Information Network: Accountants  updated March 2003
     


    Abilities
    for Accountants
    Back to Top
     
     
  • Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
     
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
     
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
     
  • Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
     
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
     
  • Near Vision - The ability to see details at close range (within a few feet of the observer).
     
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
     
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
     
  • 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.
     
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
     
    source: Occupational Information Network: Accountants  updated June 2009
     


    Work Activities
    for Accountants
    Back to Top
     
     
  • 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.
     
  • Analyzing Data or Information - Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
     
  • Communicating with Supervisors, Peers, or Subordinates - Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
     
  • Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
     
  • Making Decisions and Solving Problems - Analyzing information and evaluating results to choose the best solution and solve problems.
     
  • Establishing and Maintaining Interpersonal Relationships - Developing constructive and cooperative working relationships with others, and maintaining them over time.
     
    source: Occupational Information Network: Accountants  updated June 2009
     


    Interests
    for Accountants
    Back to Top
     
     
  • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
     
  • Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
     
    source: Occupational Information Network: Accountants  updated June 2008
     


    Work Styles
    for Accountants
    Back to Top
     
     
  • Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
     
  • Integrity - Job requires being honest and ethical.
     
  • Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
     
  • Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
     
  • Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
     
  • Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
     
  • Initiative - Job requires a willingness to take on responsibilities and challenges.
     
  • Independence - Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
     
  • Persistence - Job requires persistence in the face of obstacles.
     
  • Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
     
    source: Occupational Information Network: Accountants  updated June 2009
     


    State of Vermont License Information
    that may be required for Accountants
    Back to Top
     
    License Name Licensing Agency
    Accountant, Certified Public Vermont Secretary of State
    Office of Professional Regulation
    Board of Public Accountancy
     
    source: Vermont Department of Labor, Licensed & Certified Occupations in Vermont, 2009.
     


    Education and Training Requirements
    for Accountants
    Back to Top
     
     
  • Job Zone Four: Considerable Preparation Needed
  •  
  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  •  
  • Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  •  
  • 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.
  •  
    source: Occupational Information Network: Accountants  updated June 2009
     


    Schools
    offering instructional programs related to Accountants
    Back to Top
     
      Related Instructional Programs
     
    • Accounting
     
    • Accounting and Business/Management
     
    • Accounting and Computer Science
     
    • Accounting and Finance
     
     Search for schools offering these programs at
     
     
     
    source: National Center for Education Statistics 2000 Classification of Instructional Programs .
     


    Other Resources
    for Accountants
    Back to Top
     
  • Labor Exchange Information
  • A source for occupational characteristics, such as age, gender, race, and years of education and an alternative source for occupational wage rates. Limited to people looking for jobs and the jobs advertised through VDOL Vermont Job Link.
  • Look for statewide information over the latest 12 months for Accountants and Auditors .
  •  
  • Occupational Outlook Handbook
  • The Occupational Outlook Handbook is a nationally recognized source of career information, designed to provide valuable assistance to individuals making decisions about their future work lives. Revised every two years, the Handbook describes what workers do on the job, working conditions, the training and education needed, earnings, and expected job prospects in a wide range of occupations.
    Go to Occupational Outlook Handbook
     
  • O*NET™ Online
  • O*NET Online is an interactive web site for those interested in exploring occupations through O*NET, The Occupational Information Network database.   All of the descriptive information on this page comes from the O*NET database, version 14.0, released July 2009.   The O*NET database takes the place of the Dictionary of Occupational Titles (DOT) as the nation's primary source of occupational information.
  • For additional information on Accountants , go to O*NET Online Detail Report.
  • For the O*NET Online home page, go to   
  •  

    Related Occupations
    Occupations with skill requirements similar to Accountants
    Back to Top
     
     
  • Actuaries
  •  
  • Auditors
  •  
  • Budget Analysts
  •  
  • Cost Estimators
  •  
  • Credit Analysts
  •  
  • Economists
  •  
  • Tax Examiners, Collectors, and Revenue Agents
  •  
  • Treasurers and Controllers
  •  
    source: Occupational Information Network: Accountants 
     

     
     
     
    Vermont.gov State of Vermont Department of Labor