International Accounting Career
Considering a career as an International Accountant? Find out all you need to know to decide whether this career is right for you.
- What does an International Accountant do?
- How to become an International Accountant?
- What is an International Accountant's Salary?
- How does the future look for an International Accountant?
What does an International Accountant do?
The purpose of having an International Accountant employed in an organization is to garner expertise in international financial operations where standard GAAP no longer apply. The job title of International Accountant is becoming more well known with each passing year. More and more companies are doing business overseas in an increasingly global market.
When companies deal with currency exchanges when doing business in other countries, International Accountants are used to analyze and determine alterations in exchange rates between selling and collection dates. Varying exchange rates and date gaps between sales and collection can result in significant profit gains or losses that must be recorded.
When establishing subsidiaries in other countries, organizations will have to abide by different tax laws and regulations that must be understood and accounted for when establishing strategies and business models. An International Accountant is pivotal during these processes.
As an International Accountant, you will need to be familiar with various attributes of the countries with which you are assigned. You will need to know such things as the differences in wage rates and natural resource availability.
Successful International Accountants will also be heavily involved with original business plan proposals. A thorough knowledge of individual countries' labor laws, tax laws, business environments and political environments can be the difference between choosing profitable areas to conduct business and areas that do nothing but lose capital.
If considering becoming an International Accountant, it might be helpful to begin learning the languages associated with the countries you are interested in.
Becoming an International Accountant is hard work. You will need to become an expert in accounting principles of your country as well as others. You will need to learn the subtle nuances of diplomacy in varying cultures. In many businesses, the most attractive International Accountant career candidates are bilingual.
However, as difficult as it may be, a career in International Accounting can be highly rewarding both personally and financially.
How to Become an International Accountant?
Educational requirements may vary slightly depending on the company, the area you wish to work and your previous work experience.
For most accounting careers, the minimum educational requirement is the completion of a Bachelor's degree. However, there are many organizations who now require an advanced degree such as an MBA degree in Accounting.
Some organizations will look much more favorably on an International Accountant candidate who hold various accounting designations in the US and who are willing to gain certification from the countries where they may be assigned.
In a hurry? Request free information from some of the top online schools offering Master's or MBA programs in Accounting.
Beyond a quality education and the development of skills necessary to succeed as an Accountant, you will need to learn where to gain experience by finding career opportunities.
The quickest way to find employment is to either contact a local recruiter or begin contacting hiring firms directly. You may also find International Accountant job openings under newspaper or online classifieds (Craigslist or Monster.com).
What is an International Accountant's Salary?
As an International Accountant, your salary can vary significantly depending on your level of experience, your level of acquired education and size of the company you work for.
The median salary* for an Accountant is $54,600.
However, the top 10% of Accountants are pulling in an average of $94,100.
In order to boost yourself to this level of success, you will need to perform highly, develop years of experience at a respectable company, acquire all associated certifications and lastly, earn yourself an advanced degree.
Request information from some of the top online schools in the United States. Online schools are becoming more popular for the working professional and are already highly respected in the business arena.
Click Here for more information.
* Source: The Bureau of Labor and Statistics for 2006
How does the future look for an International Accountant?
With a constantly increasing drive for businesses to capture global revenue opportunities, International Accountants are in high demand. This trend is expected to continue heavily into the future.
The U.S. Department of Labor believes between 2004 and 2014, Accountant career opportunities will increase by 22% from 1,176,200 to 1,440,100.
The future looks bright for the International Accounting profession, so go ahead and get started!
Go back to look at more Accounting Careers.