Job Title: Financial Accountant
Type of Company: I work in the healthcare industry. Our company owns and manages multiple nursing home facilities on the East Coast of the United States.
Education: BS, Accounting, Southern New Hampshire University certificate, Information Technology, Franklin Pierce College (NH)
Previous Experience: I've worked as an office clerk in businesses such as banking, insurance, manufacturing and healthcare. After getting my degree I took an accounting job doing budgeting for a hospital. Currently, I am a financial accountant.
Job Tasks: As a financial accountant, I gather information about the income and expenses of certain nursing care centers. Each accountant is assigned a number of nursing homes to compile financial statements for each month. I currently take care of six, monitoring their expenses and income and making sure they've been accounted for correctly. Ensuring that the income and expenses for a month are accurately recorded in the financial statements gives decision makers reliable information to work from.
I am also required to make journal entries, review invoices paid and reconcile accounts on the balance sheet. I assist the nursing homes' administrators to make decisions that will further their centers' financial progress. The financial statements are important to a nursing care center because they let the people who need to look at them decide if the center is doing well or not. Then steps can be taken to correct inefficiencies to make that center stronger financially.
Best and Worst Parts of the Job: The best part of my job is the analysis. Each month, activity within accounts needs to be analyzed for accuracy to determine if corrections are needed. It's interesting to follow a transaction through to it's roots to see if it is being handled appropriately and then reflected on the financial statement accurately.
The worst part of the job is repetitiveness. Each month is pretty much like the one before it and many of the journal entries are exactly the from month to month. It can get monotonous.
Job Tips: The more education you get in accounting the better your chances will be of getting a desirable job. This is not a job that you can just walk into and do with a high school degree. There are so many career paths you can follow by starting with an accounting degree. You can go into the financial world or investments, become a certified public accountant but even small business owners would benefit from an accounting background.
Additional Thoughts: If you are a detail-oriented, organized individual who loves dealing with numbers, this is a good career path for you.
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