Junior Accountant


DEFINITION of 'Junior Accountant'

An entry-level position in an accounting department. A college degree in accounting is usually a prerequisite for this position. Other desirable attributes include mathematical aptitude and analytical ability. A junior accountant would usually be supervised by a senior accountant or accounting manager. Duties and responsibilities vary with the organization, but generally include posting journal entries, updating financial statements, preparing monthly financial reports, calculating payroll taxes, auditing and maintaining accounts receivable and payable.

BREAKING DOWN 'Junior Accountant'

The junior accountant position would appeal to those considering a career in accounting because of its many advantages which include above-average earnings potential and access to wide-ranging clientèle. The accounting profession is likely to see sustained demand because corporations and small businesses require accounting services on an ongoing basis.

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  1. What is the average salary for an accountant?

    As with every career, the salary expectation for an accountant depends largely on the accounting position held. As of 2014, ... Read Full Answer >>
  2. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  3. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  4. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  5. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  6. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>

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