Management accountant | Average UK Salary & Outlook

Management accountants look after a company's finances and find ways to improve profitability.

Typical task
Working hours
Attractive values

Prepare detailed reports on audit findings.
Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
Inspect account books and

Prepare detailed reports on audit findings.
Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
Supervise auditing of establishments, and determine scope of investigation required.
Confer with company officials about financial and regulatory matters.
Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
Prepare adjusting journal entries.
Review accounts for discrepancies and reconcile differences.
Establish tables of accounts and assign entries to proper accounts.
Examine inventory to verify journal and ledger entries.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
Report to management regarding the finances of establishment.
Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
Represent clients before taxing authorities and provide support during litigation involving financial issues.
Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
Process invoices for payment.
Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures.

Average salary
47,903 GBP *
per year

Average salary for Management accountant

49,001 GBP
45,809 GBP

Average salary for part-time Management accountant

Average salary for full-time Management accountant

Showing:

22,276 GBP
25,073 GBP

47,903 GBP
45,809 GBP
49,001 GBP

Salary over time for Management accountant

Salary for this role has increased over time

46,955 GBP
48,703 GBP
48,111 GBP
48,951 GBP
46,706 GBP
47,135 GBP
47,903 GBP
47,560 GBP
59,105 GBP

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Future outlook for Management accountants

Balanced outlook

195 000+ jobs available

Balanced outlook

3% yearly wage growth (on average)

Very good outlook

27% chance of automation in the future

Which qualifications do I need?

Find out what you need to know in order to become a Management accountant and the highest average level of education for people in this role.

In terms of people already doing this job:

47% of people in this role have GCSEs or equivalent
31% of people in this role have do not have GCSEs or equivalent qualifications
19% of people in this role have a certificate of higher education or equivalent but no degree

You'll need:

knowledge of economics and accounting
maths knowledge
to be thorough and pay attention to detail
administration skills
analytical thinking skills
the ability to work well with others
ambition and a desire to succeed
the ability to use your initiative
to have a thorough understanding of computer systems and applications

Get the right qualification to begin your journey to becoming a Management accountant

Financial Management

Cooperation Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. Integrity Job requires being honest and ethical. Dependability Job requires being reliable, responsible, and dependable, and fulfilling obligations. Self Control Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. Independence Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.

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Management accountant | Average UK Salary & Outlook

Salary statistics

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Future outlook for Management accountants

Management accountant - Your future job?

Which qualifications do I need?

Things to highlight for your Management accountant interview

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