account analyst definition
1. Banking: Summary of the activities in an account over a certain period, such as average daily balance, overdraft balance, banking services provided, and fees charged for them. 2. Accounting: Measurement of cost behavior, by analyzing accounting data and classifying each account as a fixed cost, or variable cost. Accounting Analysts report using a deep pool of skills on the job. Most notably, skills in General Ledger Accounting, Financial Analysis, Data Analysis, and Financial Reporting are correlated to pay that is above average. At the other end of the pay range are skills like Accounts Payable and Accounts Receivable. BREAKING DOWN 'Account Analysis'. 1. In accounting, account analysis is quite complex and involves in-depth understanding of both the data and the company. It is usually performed by an experienced cost accountant, possibly with the help of one of the company's managers, who deals closely with the company's costs. Accounting Analyst Salary. The average Accounting Analyst in the United States can expect to rake in roughly $50K per year. The bottom of the pay range sits near $36K, and the top verges on $70K per year. What is 'Account Analysis'. 1. In cost accounting, this is a way for an accountant to analyze and measure the cost behavior of a firm. The process involves examining cost drivers and classifying them as either fixed or variable costs. From Wikipedia, the free encyclopedia. An accounting analyst evaluates public company financial statements. Public companies issue these (10-K) annual financial statements as required by the Security and Exchange Commission. The statements include the balance sheet, the income statement, the statement of cash flows and the notes to the financial statements. Financial Analyst | Sample Job Description. Email This Job Description. If you are an employer seeking qualified job seekers for your Financial Analyst position, read our sample job description below and revise it to meet your company's specific job duties and requirements. As an example, the accounting analyst may work for a financial research company evaluating differing financial accounting principles and how they influence the company's reported wealth. (December 2009) (Learn how and when to remove this template message) An accounting analyst evaluates public company financial statements. Public companies issue these (10-K) annual financial statements as required by the Security and Exchange Commission. Every small business needs to account by law for the profit or loss that it makes over time. Not only is this valuable information for the business owner, but such accounting is required in order for the business to be able to report that information to the appropriate tax authority in its ... Adam Colgate.
An accounting analyst evaluates public company financial statements.