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Accounting Intern Job Description Template

Job Description Template

Accounting Intern Job Description Template

June 15, 2023

Accounting Intern Job Description Template

If you are looking for something new and of great use when hiring, you are in the right place. The possibilities are numerous and we are here to offer you an easy and convenient way to discover more about the responsibilities of the role with this FREE Accounting Intern Job Description Template.

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What is an Accounting Intern?

A college student or graduate student who works part-time for a company or accounting firm is typically an accounting intern.

Accounting interns fill out balance sheets, organize important files, check the accuracy of financial statements, enter data into spreadsheets, and learn from the senior accountants’ counsel and experience all around them.

Related Job Titles for Accounting Intern

The Top Accounting Intern Skills

Skill Why it's important
Math Skills Understanding both fundamental and advanced mathematics, such as addition, subtraction, and financial formulae or graphs, is essential when working with numbers and financial information.
Patience During their time as an intern, students pick up a lot of knowledge, therefore it takes a lot of perseverance and patience for them to manage their workload and develop the skills needed to become accountants.
Reliability Assisting with accounting responsibilities necessitates a strong commitment to accountability and dependability because the accountant may be depending on the intern to complete essential activities that have an impact on an organization's financial stability.
Organization Accounting interns frequently take on multiple projects with tight deadlines, necessitating a strong sense of time management and personal organization in order to maintain clarity and meet demands.
Software Skills The software that interns use can range from simple operating systems to sophisticated accounting and financial software.

Accounting Intern Job Description Template (Free)

We are searching for a motivated Accounting Intern who is prepared for an intense, real-world experience and has a basic grasp of GAAP, financial concepts, and terminologies. The Accounting Intern may anticipate participating in the creation of journal entries and financial reports under the supervision of our team, as well as analyzing real financial data, learning more about bookkeeping software, and helping with other accounting tasks. You should be a driven team player who can multitask while maintaining accuracy and efficiency.

You should have a solid knowledge of accounting and financial concepts as well as a positive outlook to be a viable candidate for an accounting internship.

Accounting Intern Duties & Responsibilities:

  • Observing employees in the accounting department as they go about their work.
  • Helping to do research, organize documents, input data, and keep accurate and thorough financial records.
  • Making financial reports, such as balance sheets, income statements, and invoices.
  • Using accounting software.
  • Handling confidential or delicate information with honesty and integrity.
  • Learning how to work with the accounting team in order to track information, collect and analyze data, and support the company or clients
  • Taking on extra work or projects to learn office processes and bookkeeping.

Accounting Intern Requirements:

  • A Bachelor’s or Master’s degree in accounting is required, or you must be working toward one.
  • Having successfully completed your introductory accounting courses and a basic understanding of accounting and financial concepts
  • For some employers, a GPA of 3.0 or higher may be necessary.
  • Aptitude at arithmetic and computer savvy.
  • Strong communication abilities.
  • High degree of responsibility, precision, and productivity.
  • Strong desire and motivation to learn everything you can and take on new challenges.

Accounting Specialist Interview Questrions

Sample Interview Questions for an Accounting Intern

Use these sample interview questions for an Accounting Intern with Scorecard once you have all your received applications ready.

Personal
  1. Tell us about a time when you encountered a challenging accounting task or project.
  2. How do you stay organized and manage your time effectively when juggling multiple accounting assignments or responsibilities?
  3. Can you describe a situation where you had to work collaboratively with a team to accomplish an accounting-related goal?
Human Resources
  1. How do you prioritize confidentiality when handling sensitive financial information during your accounting work?
  2. How do you communicate complex financial information or reports to individuals who may not have a background in accounting or finance?
  3. Can you provide an example of a time when you successfully resolved a conflict or disagreement within a team or with a colleague during an accounting-related project?
Management
  1. Describe a time when you had to manage multiple accounting tasks or projects simultaneously as part of your academic coursework or previous work experience. How did you prioritize and delegate tasks to ensure timely completion?
  2. How do you approach unexpected challenges or obstacles in your accounting work? Can you share an example and explain how you resolved it?
  3. Can you provide an example of how you demonstrated leadership skills as an accounting intern? How did you motivate and guide others toward achieving a common accounting-related objective?
Technical Skills and Knowledge
  1. Which accounting software or tools have you used in your academic studies or previous internships? Are you comfortable learning new accounting software?
  2. Explain the basic principles of financial accounting and discuss the importance of accurate financial reporting.
  3. How do you ensure compliance with relevant accounting regulations and standards, such as GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards), in your accounting work as an intern?

What are the Educational Requirements for an Accounting Intern?

The criteria for this post are often less demanding because it is an entry-level role.

A candidate must be a recent graduate of accounting, business, economics, or a related field, or they must be working toward a relevant degree to be eligible for the post of accounting intern.

Additionally, a candidate should have finished the beginning accounting courses and be familiar with both financial and accounting principles.

The candidate must be able to demonstrate their arithmetic and money management skills.

How Much to Pay an Accounting Intern when Hiring

Accounting Interns earn between $17,280 and $46,000 per year.

Their median annual salary is $36,197.

Hourly rates range from $9 to $22.

The median hourly rate is $17.

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $9 $14 $17 $19 $22
Annual Wage $17,280 $30,000 $36,197 $40,000 $46,000

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Frequently Asked Questions about Accounting Intern

 

What is the ideal length for an accounting internship? 

The requirements of your business or the deadlines established by their institution for completion of the internship may determine how long an accounting internship lasts.

An accounting intern could be available for a full- or part-time internship depending on their schedule.

For instance, an intern could be able to devote 40 hours per week over the summer but only 15 hours per week during the fall and spring semesters.

Make it clear in the job description if you are willing to hire an intern on a full or part-time basis.

To whom do accounting interns answer? 

It is totally up to you to whom your accounting interns report.

They can be assigned to a willing Accountant or financial expert within the department to provide them with individualized coaching, or you can choose to have them report directly to the Accounting Manager if you want a more personalized approach.

What distinguishes a tax intern from an accounting intern?

An accounting intern and a tax intern have different areas of concentration.

Typically, accounting interns collaborate with accountants to create financial statements, input data into spreadsheets, and carry out other monetary-related duties.

In contrast, a tax intern often collaborates with a tax preparer to complete tax forms, execute audits, and calculate payroll deductions.

What characterizes a quality accounting intern? 

A competent accounting intern is prompt and ready to pick up new skills or contribute in any manner they can to everyday operations.

However, depending on the kind of assistance you’re seeking in your department, these ideal qualities and character traits may change.

For instance, if your goal is to hire an accounting intern for a full-time entry-level role, you may demand the following qualities:

On the other hand, if you want to help young professionals with their careers and do not need them to have extensive accounting expertise, make sure to mention this in the job description.

The kinds of individuals that apply for the chance may vary depending on the qualifications you include in the job description.

Similar Job Descriptions as Accounting Intern

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