Even while entry-level accounting jobs sometimes require long hours of computation, the professional path gives opportunities to progress to senior roles with high salaries. Accounting degrees may provide you access to a broader range of work prospects. If you’re seeking for a meaningful job, there are various occupations in the accounting business to explore. Let’s look at the most profitable accounting careers in Nigeria.
10 Highest-Paying Accounting Jobs In Nigeria
A bookkeeper is in charge of recording financial transactions. Handling receipts, payments, and invoicing might all fall under this category. They keep books and make sure the money are in order. They could also submit financial statements and VAT returns. To become a senior bookkeeper, candidates must have a recognized qualification, such as a level 2 certification in bookkeeping, accounting, or manual and digital bookkeeping.
Internal and external auditors often analyze financial records to ensure their accuracy and the creation of financial statements. They may be required to identify any financial opportunities or risks, as well as provide tax advice. They also ensure that the corporation complies with Section 404 of the Sarbanes-Oxley Act, which requires a public company’s annual financial reports to contain an Internal Control Report stating that management is in charge of a suitable and effective internal control system.
An external auditor must be a member of the Association of Chartered Certified Accountants (ACCA), the Institute of Chartered Accountants in England and Wales (ICAEW), or the Association of International Accountants (AIA), and hold a degree in accounting, economics, business, finance, or information technology and computing. To undertake audits in the public sector, you must be a member of the Chartered Institute of Public Finance and Accountancy (CIPFA). Accountants must get the Chartered Institute of Management Accountants (CIMA) certification or complete a level 7 apprenticeship to conduct internal audits.
Management accountants supervise accounting staff and aid in the development and maintenance of an organization’s financial planning strategy. They produce reports on a regular basis to aid management in making sound financial decisions and increasing shareholder value. For individuals to be eligible for a position as a management accountant, an apprenticeship or a degree in accounting, accounting and finance, or business and management may be required.
Financial analysts investigate current and historical financial data, market patterns, and business news. This enables them to advise firms or individuals on investment options. They examine financial statements to estimate a company’s worth and perform research to forecast financial outcomes.
Payroll managers supervise the payroll team. They ensure that all earnings, including commission, overtime, and holiday pay, are paid on time and in full to employees. They may be in charge of steering legislation that governs employee taxes and remuneration, such as minimum wage regulations. A Level 5 Payroll Management qualification or several years of payroll experience are frequently required for this position.
Tax consultants conduct research, interpret, and analyze tax legislation to ensure that businesses follow the rules. They ensure that tax returns and yearly accounts are done accurately and filed on schedule. They also aid in the development of tax-cutting strategies. A potential tax consultant can become qualified by completing a training program with a law firm or an organization’s tax division. The Association of Taxation Technicians (ATT) may also certify them.
An economist evaluates a company’s resource allocation and cost. They research market trends and estimate the cost of goods and services that a business intends to purchase in the future. They also provide advice on how to save costs while maintaining effectiveness and efficiency. The majority of employers require economists to have a bachelor’s degree in economics or a closely related discipline, such as statistics, arithmetic, business studies, finance, or accounting, while others require a postgraduate master’s degree in economics.
Chartered accountants audit the accounts and give financial papers and reports. Auditing, taxation, and corporate finance are all part of their responsibilities. They may also make recommendations for financial decisions. A chartered accountant can be obtained by obtaining a Professional Diploma in Accounting from the Association of Accounting Technicians (AAT).
Forensic accountants examine a company’s financial records for anomalies, contradictions, or voids that could indicate fraud. They collect and analyze financial data before generating a detailed report outlining all financial transactions. Both the AAT professional qualifications and the ACCA Foundation Diploma are excellent entry points. The Institute of Certified Forensic Accountants (ICFA) also offers online certificates such as Certified Professional Forensic Accountant, Certificate in Forensic Accounting (Level 3), and Certified Fraud Specialist.
A financial controller is in charge of the general ledger, payroll, budgeting, monthly, quarterly, and annual financial statements, as well as tax compliance. They monitor all transactions, including accounts payable and receivable. Most financial controllers have a degree in math, economics, or business, as well as experience in management and finance. Furthermore, they often require an accounting degree from ACCA, CIMA, or ICAEW.
Investment consultants commonly provide investment advise to banking clients, including wealth management and investment advice for personal savings and retirement accounts. They support financial transactions, monitor investments, and provide financial and analytical data to clients.