Accounting FAQ

Financial records are an integral part of every business entity. These include expenditures, receipts, accounts payable and receivable, profits and losses, payroll, and taxes.

What types of jobs are available to two-year graduate students?

  • Bookkeeping Clerks calculate and record data, produce financial statements, reports and summaries for managers, and prepare bank deposits and maintain bank account records.
  • Accounts Receivable Clerks prepare invoices, keep track of overdue accounts, post transactions, total accounts, and compute interest charges.
  • Accounts Payable Clerks reconcile billing vouchers, pay bills, monitor loans, make sure that payments are up to date, and ensure completeness and accuracy of account data.
  • Payroll Clerks ensure employees are paid properly, check time data, compute or verify appropriate tax withholding, authenticate benefit/other contributions, and verify vacation/sick time.

What skills are needed for successful employment in the accounting field?

  • Knowledge of accounting data, debits/credits, financial statements, budgets, basic tax laws, and research skills
  • Superb speaking and writing skills
  • Organized and orderly
  • Detail-oriented
  • Computer skills including knowledge of word processing, spreadsheets, and accounting software
  • Calculator and typing skills

What is the salary range and job outlook?
The median annual wage for accountants and auditors was $63,550 per year and $30.55 per hour in May 2012. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest ten percent earned less than $39,930, and the top ten percent earned more than $111,510.

Career data on Vincennes University graduates from the Career and Employer Relations office

Positions are available in all industries as well as local, state, and federal government with a broad array of offerings in accounting, tax preparation, bookkeeping, and payroll services. 

Employment of accountants and auditors is projected to grow thirteen percent from 2012 to 2022. The growth of accountants and auditors is expected to be closely tied to the health of the overall economy. As the economy grows, these workers will continue to be needed to prepare and examine financial records. The continued globalization of business should lead to increased demand for accounting expertise and services related to international trade and international mergers and acquisitions.  

Positions exist for temporary, part-time, and full-time employees.