The profession of accounting is very interesting because in this profession an individual will get a chance to handle the financial situation and accounting matters of other companies. This profession is really tough and when it comes to handling the accounting matters of any size of companies so there are a lot of complications and complex situations in which an individual has to handle and manage in a proper way.
The scope of accountants in the UK is very common nowadays and you can see there are different individuals as well as companies are providing the services to small, medium and large scale businesses in terms of handling all of their accounts department, financial matters, government, and legal matters, taxation and company advisors etc.
Some of the individuals are search for jobs individually after completing their qualification and work as a full-time for the company as an accountant. But now the business owners are focusing on outsourcing the accounting expert to manage their accounts department and other matters. Some of the individuals visit few days in a week and some come and work regularly as per required according to the workload of the company.
There are different categories of accountants in UK and all of these professionals are providing the services to different compares on different levels. These professionals are also getting a handsome salary and the amount which they earn depends on their qualification and work experience. All of the professionals have different job responsibilities according to their job designation and work experience and that is what decided their pay scale.
Highest Paid Accountants
Some of the jobs of accountants in UK get the highest pay and the pay scale and responsibilities changes according to the job designation and experience you have got. Let's have a look at some of the highest paid accounting jobs in the UK as well as their job responsibilities as well.
The pay of Finance Director is 82,222.
Job Responsibilities of the Finance Director
- The finance director does not only work on handling the finance of the company and try to make things run perfectly but they also have to work on the business growth that the business must earn the profit every month.
- He is responsible for if the company is facing loss or profit and he has to make different strategies for business to earn profit and success in the business.
- He has to make new strategies and do planning, analysis on the facts and figures, find out the ways of implementation of that strategy, taking important decisions and giving recommendations for applying any new method or strategy for bringing the growth and success in the business.
The pay scale of the Forensic Fraud officer is 77,961.
Job Responsibilities of Forensic Fraud Officer
- Extracting the data from the financial records of the company.
- Creating the spreadsheets and manipulating them.
- Doing the forensic research on a regular basis to the funds of trade and identifying the assets for recovery.
- They conduct the analysis of forensic and analyzing the financial data.
- Preparing the forensic accounting reports out of the financial findings.
- Undertaking the interviews for verifying and uncovering the information
- Preparing the analytical data for submitting in the court.
- Attending the court whenever required
- They have to travel abroad for conducting the investigations.
The salary for chartered accounting is 66244.
Job Responsibilities of Banking Accounting
- Managing the financial systems off the companies and preparing their budgets on regular basis.
- Doing the financial audits of different sizes of companies.
- Providing financial advice to the business owners for the success in business.
- Reviewing the financial systems and strategies and also analyzing the risks.
- Advising the business owners related to the tax matters that includes tax liabilities, taxpaying and different issues related to tax
- Maintaining the accounting records on regular basis.
- Detecting the fraud and corruption in financial records if any.
This article is basically identifying the pay scale of the highest accountants in UK . The salary package of top accountants and their job responsibilities is mentioned in detail in this article. For those who are new in this field will get a lot of information related to the accounting service field and the companies looking for the best can also have an idea related to the work.