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Career and Education Opportunities for Accountants in Indianapolis, Indiana

If you want to be an accountant, the Indianapolis, Indiana area offers many opportunities both for education and employment. There are currently 20,770 working accountants in Indiana; this should grow by 13% to 23,510 working accountants in the state by 2016. This is not quite as good as the national trend for accountants, which sees this job pool growing by about 21.6% over the next eight years. Accountants generally analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

The income of an accountant is about $26 per hour or $55,420 annually on average in Indiana. In the U.S. as a whole, their income is about $28 hourly or $59,430 annually on average. Earnings for accountants are better than earnings in the general category of Accounting and Auditing in Indiana and better than general Accounting and Auditing category earnings nationally. Accountants work in a variety of jobs, including: asset analyst, finance director, and financial reporting accountant.

There are twelve schools within twenty-five miles of Indianapolis where you can study to be an accountant, among thirty-six schools of higher education total in the Indianapolis area. The most common level of education for accountants is a Bachelor's degree. You can expect to spend about four years studying to be an accountant if you already have a high school diploma.

CAREER DESCRIPTION: Accountant

Accountant video from the State of New Jersey Dept. of Labor and Workforce Development

In general, accountants analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Accountants ready or analyze accounting records or other financial reports to gauge accuracy and conformance to reporting and procedural standards. Finally, accountants design and document recordkeeping and accounting systems, making use of current computer technology.

Every day, accountants are expected to be able to deal with basic arithmetic problems. They need to articulate ideas and problems. It is also important that they read and understand documents and reports.

It is important for accountants to report to management regarding the finances of establishment. They are often called upon to establish tables of accounts and assign entries to proper accounts. They also analyze business operations and obligations, to project future revenues and expenses or to furnish advice. They are sometimes expected to survey operations to ascertain accounting needs and to recommend, design, or maintain solutions to business and financial problems. Somewhat less frequently, accountants are also expected to compute taxes owed and ready tax returns, ensuring adherence to payment, reporting or other tax requirements.

Accountants sometimes are asked to advise management about issues such as resource utilization and the assumptions underlying budget forecasts. And finally, they sometimes have to appraise and inventory real property and equipment, recording data such as the description, value and location of property.

Like many other jobs, accountants must be thorough and dependable and have exceptional integrity.

Similar jobs with educational opportunities in Indianapolis include:

  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Accountant Training

Martin University - Indianapolis, IN

Martin University, 2171 Avondale Place, Indianapolis, IN 46218-0567. Martin University is a small university located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs and has 717 students. Martin University has a bachelor's degree program in Accounting.

Indiana Business College-Northwest - Indianapolis, IN

Indiana Business College-Northwest, 6300 Technology Center Drive, Indianapolis, IN 46278. Indiana Business College-Northwest is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 2-year programs. It has 260 students and an admission rate of 51%. Indiana Business College-Northwest has an associate's degree program in Accounting which graduated five students in 2008.

Indiana University-Purdue University-Indianapolis - Indianapolis, IN

Indiana University-Purdue University-Indianapolis, 425 University Blvd, Indianapolis, IN 46202-5143. Indiana University-Purdue University-Indianapolis is a large university located in Indianapolis, Indiana. It is a public school with primarily 4-year or above programs. It has 30,300 students and an admission rate of 70%. Indiana University-Purdue University-Indianapolis has a master's degree program in Accounting which graduated sixty-nine students in 2008.

Marian College - Indianapolis, IN

Marian College, 3200 Cold Spring Rd, Indianapolis, IN 46222-1997. Marian College is a small college located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,064 students and an admission rate of 54%. Marian College has a bachelor's degree program in Accounting which graduated six students in 2008.

International Business College-Indianapolis - Indianapolis, IN

International Business College-Indianapolis, 7205 Shadeland Station, Indianapolis, IN 46256-3954. International Business College-Indianapolis is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 2-year programs. It has 267 students and an admission rate of 83%. International Business College-Indianapolis has a one to two year and an associate's degree program in Accounting which graduated three and sixteen students respectively in 2008.

Franklin College - Franklin, IN

Franklin College, 101 Branigin Blvd, Franklin, IN 46131-2623. Franklin College is a small college located in Franklin, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,153 students and an admission rate of 66%. Franklin College has a bachelor's degree program in Accounting.

Anderson University - Anderson, IN

Anderson University, 1100 E 5th St, Anderson, IN 46012-3495. Anderson University is a small university located in Anderson, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,737 students and an admission rate of 68%. Anderson University has a bachelor's degree and a doctor's degree program in Accounting which graduated zero and two students respectively in 2008.

Butler University - Indianapolis, IN

Butler University, 4600 Sunset Ave, Indianapolis, IN 46208. Butler University is a small university located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,438 students and an admission rate of 72%. Butler University has a bachelor's degree and a master's degree program in Accounting which graduated thirty-four and nine students respectively in 2008.

Indiana Business College-Anderson - Anderson, IN

Indiana Business College-Anderson, 140 E 53rd St, Anderson, IN 46013. Indiana Business College-Anderson is a small college located in Anderson, Indiana. It is a private for-profit school with primarily 2-year programs. It has 202 students and an admission rate of 100%. Indiana Business College-Anderson has a one to two year and an associate's degree program in Accounting which graduated zero and three students respectively in 2008.

DeVry University-Indiana - Indianapolis, IN

DeVry University-Indiana, 9100 Keystone Crossing, Ste 350, Indianapolis, IN 46240. DeVry University-Indiana is a small university located in Indianapolis, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 550 students and an admission rate of 87%. DeVry University-Indiana has a master's degree program in Accounting and Finance which graduated four students in 2008.

Indiana Business College-Indianapolis - Indianapolis, IN

Indiana Business College-Indianapolis, 550 East Washington Street, Indianapolis, IN 46204. Indiana Business College-Indianapolis is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 1,920 students and an admission rate of 89%. Indiana Business College-Indianapolis has a one to two year and an associate's degree program in Accounting which graduated one and forty-three students respectively in 2008.

University of Indianapolis - Indianapolis, IN

University of Indianapolis, 1400 E Hanna Ave, Indianapolis, IN 46227-3697. University of Indianapolis is a small university located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,728 students and an admission rate of 72%. University of Indianapolis has a bachelor's degree program in Accounting.

CERTIFICATIONS

Accredited Business Accountant/Accredited Business Advisor: This credential is for practitioners who specialize in the needs of small-to-mid-size businesses and in financial services to individuals and families.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Accredited Tax Advisor: This credential is for practitioners who handle sophisticated tax planning issues, including ownership of closely held businesses, qualified retirement plans and complex estates.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Certified Forensic Accountant: Forensic accountants are professionals who use a unique blend of education and experience to apply accounting, auditing, and investigative skills to uncover truth, form legal opinions, and assist in investigations.

For more information, see the American College of Forensic Examiners website.

Associate in Risk Management: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Premium Auditing: The Associate in Premium Auditing program provides a sold foundation in essential auditing, accounting, and insurance principles.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Risk Management for Public Entities: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Personal Financial Specialist: CPAs who specialize in personal financial planning can earn a specialist's designation, the Personal Financial Specialist (PFS).

For more information, see the American Institute of Certified Public Accountants website.

Certified Public Accountant: Certified Public Accountant candidates must pass a national exam certifiying that they are eligible to be licensed in the state(s) of their choosing.

For more information, see the American Institute of Certified Public Accountants website.

Biomedical Auditor Certification: The Certified Biomedical Auditor is a professional who understands the principles of standards, regulations, directives and guidance for auditing a biomedical system while using various tools and techniques to examine, question, evaluate and report on that system's adequacy and deficiencies.

For more information, see the American Society for Quality website.

Certified Treasury Professional Associate: We recognize the accomplishments of these full-time students who successfully completed the Corporate Treasury Management program at their college/university and passed the CTP exam to earn the Certified Treasury Professional Associate credential.

For more information, see the Association for Financial Professionals website.

Certified Fraud Examiner: The ACFE established and administers the Certified Fraud Examiner (CFE) designation.

For more information, see the Association of Certified Fraud Examiners website.

Certified Energy Auditor: The Certified Energy Auditor (CEA) certification identifies professionals as having the required knowledge and experience needed to succeed in the growing field of energy auditing.

For more information, see the Association of Energy Engineers website.

Certification in Distressed Business Valuation: The Certification in Distressed Business Valuation (CDBV) is a unique valuation certification program designed to train and accredit professionals who value distressed assets, including distressed and/or bankrupt companies.

For more information, see the Association of Insolvency and Restructuring Advisors website.

Certified Bank Auditor: The purpose of BAI Center for Certification - Certified Bank Auditor® (CBA) Continuing Professional Education (CPE) Program is to promote professional development and to provide a means for recognizing CBAs to keep current with industry changes or furthering their own development in banking, technology, auditing, or other disciplines that contribute to a CBA?s growth and development.

For more information, see the BAI Center for Certification website.

International Certificate in Banking Risk and Regulation: The role of risk management is becoming more important as both banks and supervisors around the world increasingly recognize that sound risk management practices are vital, not only for the success of individual banks, but also for the banking system as a whole.

For more information, see the Global Association of Risk Professionals website.

Stay Sharp Program - Defeating Rogue Access Points: Security professionals who are concerned about the weaknesses of wireless networks.

For more information, see the Global Information Assurance Certification website.

Certified Internal Auditor: The Certified Internal Auditor (CIA) designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field.

For more information, see the Institute of Internal Auditors website.

Accredited Insurance Examiner: An Accredited Insurance Examiner (AIE) is awarded to insurance regulatory professionals who have been extensively trained in one of two primary fields of insurance regulation, Property and Casualty or Life and Health.

For more information, see the Insurance Regulatory Examiners Society website.

Bookkeeper NRB: Bookkeeping, accounting, and auditing clerks may apply for our examination with qualified experience or education.

For more information, see the National Center for Competency Testing website.

Certified Valuation Analyst: The primary goal of CVA certification is to provide you with information that will serve as a solid foundation for your professional valuation endeavors, whether or not you plan to pursue a designation.

For more information, see the The National Association of Certified Valuation Analysts website.

LICENSES

Accounting Practitioner

Licensing agency: Indiana Professional Licensing Agency
Address: Indiana Board of Accountancy, 402 West Washington Street, Room W072, Indianapolis, IN 46204

Phone: (317) 234-3040
Website: Indiana Professional Licensing Agency Indiana Board of Accountancy

Certified Public Accountant

Licensing agency: Indiana Professional Licensing Agency
Address: Indiana Board of Accountancy, 402 West Washington Street, Room W072, Indianapolis, IN 46204

Phone: (317) 234-3040
Website: Indiana Professional Licensing Agency Indiana Board of Accountancy

LOCATION INFORMATION: Indianapolis, Indiana

Indianapolis, Indiana
Indianapolis, Indiana photo by File Upload Bot

Indianapolis is situated in Marion County, Indiana. It has a population of over 798,382, which has grown by 2.1% in the past ten years. The cost of living index in Indianapolis, 80, is well below the national average. New single-family homes in Indianapolis cost $155,400 on average, which is near the state average. In 2008, seven hundred thirty-four new homes were constructed in Indianapolis, down from 1,317 the previous year.

The three big industries for women in Indianapolis are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and administrative and support and waste management services. The average travel time to work is about 23 minutes. More than 25.4% of Indianapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.

The percentage of Indianapolis residents that are affiliated with a religious congregation, 40.3%, is less than both the national and state average. The largest religious groups are the Catholic Church, the United Methodist Church and the Christian Churches and Churches of Christ.