Financial Accountant Salary

The average financial accountant salary in South Africa is R321,630, according to Payscale. Earlier this year the average salary for a financial accountant was R319,107. It suggests that there is a promising career in becoming a financial accountant. Financial Accountant Salary

What Determines the Financial Accountant Salary?

The type of skills that you’ve mastered in your job title and your level of experience can determine your salary. A junior financial accountant will earn less than a senior financial accountant.

Which Things can Impact Your Average Salary per Year?

Where you work and the years of experience can also impact your salary. Financial accountants do not get the same salary. An average salary can be affected by the following:

  • the city or town where you work
  • if you have the necessary skills for this job, like financial analysis
  • the position you hold
  • the years of experience you have.

Financial Accountant Salaries in South Africa

There are many career opportunities when you study financial accounting. The table below shows five careers in different cities and their salaries.

Financial Accountant

Financial Manager

Junior Bookkeeper

Senior Finance Manager

South Africa (Average salary)

R321,630

R483,886

R100,143

R817,915

Johannesburg

R343,075

R574,284

R120,168

R837,538

Cape Town

R326,744

R437,709

R94,436

R713,815

Durban

R312,840

R426,400

R98,644

Not available

Pretoria

R290,972

R461,112

R96,000

R690,000

 

Skill

Have a look at how skills could affect your average salary per year.

Financial Accountant

(Financial reporting skill)

Financial Manager

(Financial analysis skill)

Junior Bookkeeper

(Bookkeeping skill)

Senior Finance Manager

(Senior financial management skill)

South Africa (Average salary)

R337,412

R528,496

R100,946

R946,367

Johannesburg

R358,256

R609,199

R123,276

R988,771

Cape Town

R333,318

R456,671

R93,980

R716,852

Durban

R323,731

R460,479

R92,260

Not available

Pretoria

R314,168

R538,315

R99,268

Not available

The salary information is correct and updated on 08 September on Payscale.

Financial Accountant Salary

What is Financial Accounting?

Financial accounting deals with the company’s financial transactions. It deals with summarising, analysing and reporting all financial transactions.

What Does a Financial Accountant do?

A financial accountant keeps track of a company’s cash flow. One of the duties includes preparing financial statements and reports. It is so that investors and tax authorities can measure the company’s performance. You will also be in the position to hand over information to make wise financial decisions.

Financial Accounting Jobs in South Africa

Financial accounting is a scarce skill job. It means that there are many job opportunities available for this field of study. Have a look at these websites:

Study the ICB Financial Accounting Through Skills Academy

You do not have to have matric to study an ICB course. Start with the ICB National Certificate: Bookkeeping (Junior Bookkeeper) and work your way up.

Minimum Requirements

The minimum requirements for the ICB Financial Accounting course are:

  • you need to be 16 years of age and older
  • you do need Grade 10 (Standard 8)
  • there is no need to have previous knowledge of accounting.

Skills Academy Benefits

Studying your ICB course with Skills Academy will benefit you a lot. These are some of the benefits that you will get:

  • your study material delivered to you
  • you will have access to tutors that assist you during your studies
  • you’ll have access to study groups on Together We Pass
  • only pay for the months that you’ve studied.

| ICB Financial Accounting courses | ICB Courses

 

Written by: Olivia Pika

Last updated: 20 September 2018

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