Government Accounting
One of the primary responsibilities of government accountants is ensuring that taxes are paid properly and on time, and that public records are kept up-to-date and accurate.
Daily Tasks
Government accountants and auditors work in the public sector, examining and maintaining government agency records. They also audit individuals and private businesses that are subject to taxation or government regulation, and offer information technology consulting, investment and financial planning, budget analysis, and some legal services.
Government accountants that work for local, state, or federal governments ensure that taxable money is received on time and that all financial transactions abide by regulations and laws. Those who are employed by the federal government may work in financial management, budget analysis and administration, financial institution examination, or as Internal Revenue Service agents.
According to the U.S. Bureau of Labor Statistics, most government accountants work a standard 40-hour week, except during tax season when tax specialists often work overtime.
Education & Training
Employers generally require that government accountants possess a bachelor's degree in accounting or a related field. However, there are exceptions. Some employers prefer applicants who have a master's degree with a concentration in accounting, while others will hire employees who have a combination of work experience and postsecondary education.
Regardless of their degree, government accountants can strengthen their qualifications by pursuing licensure or certification as a Certified Public Accountant (CPA). The American Institute of Certified Public Accountants confers certification upon government accountants who pass a four-part exam, perform their accounting duties with accuracy and consistency, and abide by a code of ethics.
Entry-level accountants typically work under the close supervision of a senior accountant. However, once a government accountant gains adequate experience, he or she will earn more responsibility and independence.
Salary & Job Outlook
While compensation is likely to depend on the government accountant's location, these professionals do enjoy a range of salaries. According to the Bureau of Labor Statistics, the median annual salary of a government accountant is approximately $59,000, with the middle 50 percent earning between $45,900 and $78,000 per year. The lowest 10 percent may earn less than $36,700, while the top 10 percent earn more than $102,400.
The employment outlook for government accountants is favorable. The Bureau of Labor Statistics predicts a 22 percent increase in the number of job opportunities through 2018. During that time, the Bureau of Labor Statistics expects there will be roughly 279,400 new accounting and auditing jobs. This growth rate is much faster than the average for all occupations.
Characteristics of a Successful Government Accountant
Becoming a successful government accountant requires attention to detail and highly developed problem-solving skills. A facility for working with numbers is also essential. Government accountants should be trustworthy, as they will inevitably work with confidential material.