Average Salary For Financial Accountants In South Africa

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.


Financial Accountant Salary In South Africa

The average senior financial accountant’s salary in South Africa is R 3 700 746 per year or R 1 898 per hour. Entry-level positions start at R 480 000 per year, while most experienced workers make up to R 7 800 036 per year.

An intermediate-level Financial Accountant with 4-9 years of experience earns an average salary of R 320 000, while a Senior Financial Accountant with 10-20 years of experience makes on average R 460 000. Financial Accountants with more than 20 years of experience may earn more than R 550 000 yearly.

How do I become a financial accountant?

A bachelor’s or master’s degree in accounting, finance, business, economics, statistics, or a related field is expected.

Three or fewer years of relevant experience is typical of accountants entering a financial accounting position.

Is Financial Accounting a good career?

Financial Accounting provides a vast range of careers involving issuesenance, management, and/or analysis of financial accounts of a company.

Apart from technical knowledge, these professionals need to possess very good numerical, communication, and analytical skills and should be detail-oriented in their approach.

Where do financial accountants work?

Work opportunities for a financial accountant can be found in both the public and private sectors.

A financial accountant’s duties may differ from those of a general accountant, who works for himself or herself rather than directly for a company or organization.

Can I be an accountant with a finance degree?

Yes, you can get a CPA with a finance degree.

In order to sit for the CPA exam, you will need to have completed a bachelor’s degree in accounting or another business-related field. A bachelor’s degree in finance will qualify you to sit for the CPA exam.

Is Financial Accounting a good career in South Africa?

Accountancy has become an exciting career that involves working with the latest accounting software.

A good Accountant stays up to date with rapidly changing business and professional trends.

The current shortages of chartered accountants in South Africa, make it one of the highest-paid professions in the country.