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Financial Accountant

Financial Accountant

With financial statements required by law, properly trained and educated Financial Accountants are always in high demand.

What's it like to be a Financial Accountant?

Financial Accountants are responsible for the accounting and financial activities of a company.

Tasks and duties

  • Preparing monthly profit and loss, and balance sheet reports.
  • Preparing cash flow statements and controlling expenditures.
  • Collecting and analysing data used in the preparation of regular estimates.
  • Assisting with end-of-financial-year accounts and statutory accounts.
In particular, Financial Accountants report on costs, productivity, margins and company expenditures to ensure that relevant and reliable information is provided to other departments and external stakeholders.
Financial Accountants oversee the reporting of a company's financial statements; these documents are required by law.

What can I earn as a Financial Accountant?

The most common salary  for a Financial Accountant is between $80k and $90k
Source: SEEK job ads and SEEK Profile data

How to become a Financial Accountant

SEEK Learning
To work as a Financial Accountant, a bachelor's degree in the financial field is required, and a Chartered Accountant (CA) or Certified Practising Accountant (CPA) qualification is desirable and likely to offer a competitive edge.
  1. Complete a bachelor degree in the field of accounting. This could be a Bachelor of Accounting or a Bachelor of Business (Accounting). These are usually three year courses and are open to anyone who is 17 years of age or older and has completed year 12 with the necessary Universities Admission Index.
  2. Work for three years gathering professional experience in finance, accounting or business and undertake professional development activities each year.
  3. Complete a Graduate Diploma of Chartered Accounting (GradDip CA) or a CPA program.

Explore Financial Accountant qualifications

To become a Financial Accountant, you'll need to complete a degree in the financial field, such as a Bachelor of Accounting. Browse qualifications and institutions, and find a course to suit your needs.

Duration 3 yrs - 6.5 yrs
16 institutions offering this qualification
Choose an institution
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Duration 3 yrs - 6 yrs
7 institutions offering this qualification
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Source: SEEK job ads and SEEK Profile data

What skills are employers looking for?

Employers want:

  • Written skills
  • Self motivation
  • Initiative
  • Auditing
  • Organisational skills

Shortlisted applicants:

  • Ms office proficiency
  • Certified practicing accountant
  • Team work
  • Reconciliations
  • Thoroughness
Source: SEEK job ads and SEEK Profile data

How do Financial Accountants rate their role?

Latest reviews from 19 Financial Accountants surveyed on SEEK

Latest reviews

4 out of 5Feb 2018
Reviewer's Qualification
Bsc Busuiness Administration (Finance) Degree
Experience
0 - 4 years
Organisation size
Large (200+ employees)
Specialisation
Corporate accounting
The good things
if like working with numbers, this is it
The challenges
It is a great opportunity to see how the whole organization work in financial point of view
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Commerce and Economics
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
Financial Accounting is a fabulous work. It helps employer to account for all financial transaction and reporting based on current accounting standards.
The challenges
Able to keep up with the changing landscape of new Accounting Standards and application.
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Finance department
The good things
I have passion in doing my job. Great deals with management and people around the office. This role needs to be up to date with current rulings.
The challenges
Patient with numbers and how to deliver the report with accuracy and on time especially for management and other team.
3 out of 5Feb 2018
Reviewer's Qualification
master of accounting
Experience
5 - 9 years
Organisation size
Small (1-19 employees)
Specialisation
Not applicable
The good things
FA involves more stardard procedure, analysis and figures, suitable for those who love figures
The challenges
Whole day sitting and starring the screen
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Commerce
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Finance
The good things
Good compensation relative to some other professions and there's a good mix of routine and variety. There's also a clear career path into senior roles both in Finance and in business generally.
The challenges
Routine month-end tasks can get repetitive. Also balancing these with project work and other responsibilities can lead to significant pressure.
3 out of 5Feb 2018
Reviewer's Qualification
bachelor of accounting
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
financial department
The good things
accounting is a innovative job
The challenges
my challenge is to be always careful
4 out of 5Feb 2018
Reviewer's Qualification
Bsc
Experience
5 - 9 years
Organisation size
Small (1-19 employees)
Specialisation
Properties and fixed asset
The good things
I love my job as I there is a variety. I am able to guide and share my knowledge with my colleagues. Everyday is different.
The challenges
Challenges are time management. It is quite busy during budget and end of financial year. Some times you have to deal with other departments with no knowledge accounts.
5 out of 5Feb 2018
Reviewer's Qualification
Advanced diploma in accounting and financial services
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Accounts financial
The good things
Financial, management is my expertise and is what I am keen to work, it comes with challenges however just makes me stronger and strives me to keep learning love it
The challenges
Time management in meeting deadlines can be stressful however with a. Positive attitude and a can do motivational enthusiastic personality it will be done on time
5 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Business
Experience
5 - 9 years
Organisation size
Medium (20-199 employees)
Specialisation
Not applicable
The good things
Working as a Financial Accountant is challenging and rewarding, with a variety of responsibilities and potential career paths on offer
The challenges
It can be difficult for women to climb the ladder into more senior management positions, but supportive mentors and a workplace with the right culture make all the difference.
4 out of 5Feb 2018
Reviewer's Qualification
CIMA
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Fixed assets
The good things
Interesting,variety in tasks
The challenges
meeting the dead line
Source: SEEK Role Reviews

What are the job opportunities for Financial Accountants?

Find out how the job market is trending

Job opportunities

Financial Accountant jobs on SEEK
Source: SEEK

Projected job growth

National increase over next 5 years
4%
2018
2023
Source: LMIP. Accountants
Latest Financial Accountant jobs on SEEK
ACOS Personnel
Sydney > North West & Hills District
Well established SME product supplier to the biggest names! True ‘Hands-on’ Accountant position. Great culture! Hornsby loc. NEG $$$ + onsite parking!
Qscan Radiology Clinics
Brisbane > CBD & Inner Suburbs
We are seeking an experienced Financial Accountant to join our Finance team on a full time, permanent basis.
Michael Page
Sydney > Parramatta & Western Suburbs
Exceptional opportunity to join a market leading retail organisation. Opportunity to drive change and efficiency. Sydney Olympic Park location.
Hays Accountancy & Finance
Sydney > Parramatta & Western Suburbs
Exciting Financial Accountant role in growing ASX listed organisation
Company logo
Source: SEEK job ads and SEEK Profile data

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