Financial Accountant Salaries In Namibia

Financial Accountant Salaries In Namibia

Who is a Financial Accountant?

Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. The average salary for a Financial Accountant in Namibia is R360,000.

Frequently Asked Question

What is the role of a financial accountant in Namibia?

Preparing, examining, and analysing financial reports and records. Preparing and submitting tax documents. Creating effective and cost-efficient financial practices and procedures for business clients.

How do I become a financial accountant in Namibia?

  • Graduate in Commerce with Accounting majors (B.Com)
  • Join as a Junior Accountant/ Intern or Bookkeeping assistant.
  • Get skilled in MS Tally and other Accounting software: Advanced technology and new software are continuously introducing new things that can enhance your performance.

What are the skills of a financial accountant in Namibia?

  • An excellent understanding of accounting principles.
  • Good analytical skills and an eye for detail.
  • Good organisational skills.
  • Commitment and self-motivation.
  • The ability to work alone or as part of a team.
  • Financial and business acumen.

Is a financial accountant a good job in Namibia?

Accounting job can vary from entry level to executive level. Accountant plays the very important role in any business. It is a very crucial part of an organization, for managing payroll, auditing and financial management. Eligible candidates can find jobs in public, private or non-profit industries and companies.

Is Financial Accounting difficult in Namibia?

Accounting can be a very challenging major and takes four years of serious commitment to complete. With difficult classes, intense curriculums, and very little free time, many international students find that accounting may not be right for them and decide to leave the field.

How many years does it take to be a financial accountant in Namibia?

BCom (Acc) 3 years; BCom (Hons)(Acc) and CTA (Certificate Theory of Accounting) 1 – 2 years. During the following year, the qualifying examination of the Public Accountants board can be written. Practical training takes three years after obtaining a degree.

Why do you want to be a financial accountant in Namibia?

You can work in almost any industry. From fashion to entertainment, construction to non-profits, one thing ties (almost) every industry together – they need finance professionals to help manage and advise them. When you train as an accountant, you gain skills that can apply to almost any industry of your choosing.

Are accountants happy in Namibia?

Accountants are one of the least happy careers in Namibia. At Career Explorer, we conduct an ongoing survey with millions of people and ask them how satisfied they are with their careers. As it turns out, accountants rate their career happiness 2.6 out of 5 stars which puts them in the bottom 6% of careers.

Is accounting a dying career in Namibia?

The BLS projects just a 1 percent drop in the category of bookkeepers, accountants and auditing clerks from 2016 to 2026, but adds that “technological change and automation are expected to reduce demand for these workers.”

Is Financial Accounting harder than managerial in Namibia?

Management accounting (managerial) is far easier because it doesn’t usually use debits and credits, or journal entries. It’s mostly just budgeting/forecasting. It’s for internal use only and is not reported like regular financial statements prepared with financial accounting methodology are.

What is it like being a financial accountant in Namibia?

Financial accountants keep track of their organization’s financial operations. Responsible for maintaining financial accountability, they oversee areas like payroll, taxes, and spending. They also provide reports to management and investigate financial discrepancies.

Are accountants smart in Namibia?

In a word, “Yes!” In fact, your accountant may well be the smartest person you know, and there are several reasons. And, like attorneys, accountants have to be well-versed in their specialized areas of the law (tax law, for instance). But accountants, unlike many attorneys, also must be good at math!

What accountants do all day in Namibia?

Accountants spend the majority of the work day analyzing, collecting, compiling, and evaluating financial data. Accountants also prepare a variety of reports and financial statements, from daily cash flow statements for small companies to annual financial reports for large organizations.

Is accounting a stressful job in Namibia?

But that pressure and stress can have an impact on your overall mental health, and deserves consideration. If you don’t stress easy or don’t mind being a little high-strung, working as an accountant might not bother you.

Do accountants have free time in Namibia?

Some CPAs don’t want to hire staff so they work 60–80 hours a week. Others have discovered leverage and can make more money with less hours than the one working 60–80 hours a week. during tax season we work a lot of hours. After April 15th, we have lots of free time.

Which is more difficult accounting or finance in Namibia?

Well, accounting is hard to learn because it is quite a subjective subject whereas finance is more about how well you extract information from those financial statements prepared by the accountants and analyzing them.