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Budget Analysts Accountants Budget Analysts TORQ Analysis of Accountants to Budget Analysts INPUT SECTION: Transfer Title O*NET Filters From Title: Accountants 13-2011.01 Abilities: Importance LeveL: 50 Weight: 1 To Title: Budget Analysts 13-2031.00 Skills: Importance LeveL: 69 Weight: 1 Labor Market Area: Maine Statewide Knowledge: Importance Level: 69 Weight: 1 OUTPUT SECTION: Grand TORQ: 89 Ability TORQ Skills TORQ Knowledge TORQ Level Level Level 96 84 86 Gaps To Narrow if Possible Upgrade These Skills Knowledge to Add Ability Level Gap Impt Skill Level Gap Impt Knowledge Level Gap Impt Speech Writing 63 11 82 Computers 53 7 65 Recognition Speaking 66 11 82 and 64 2 69 Speech Clarity 48 2 65 Critical Electronics 73 10 84 Fluency of Thinking English 46 2 53 66 1 78 Ideas Reading Language 70 10 73 Comprehension Management of Financial 74 8 89 Resources Complex Problem 68 8 82 Solving Mathematics 76 8 79 Active 72 6 77 Learning Social 60 4 74 Perceptiveness Active 71 3 76 Listening Learning 65 3 73 Strategies Coordination 69 1 79 LEVEL and IMPT (IMPORTANCE) refer to the Target Budget Analysts. GAP refers to level difference between Accountants and Budget Analysts. ASK ANALYSIS Ability Level Comparison - Abilities with importance scores over 50 Description Accountants Budget Analysts Importance Problem Sensitivity 59 53 78 TORQ Analysis Page 1 of 14. Copyright 2009. Workforce Associates, Inc. Accountants Budget Analysts Oral Comprehension 60 59 72 Written Comprehension 62 60 72 Oral Expression 64 59 68 Deductive Reasoning 69 60 68 Inductive Reasoning 57 55 68 Information Ordering 55 50 68 Mathematical Reasoning 64 48 65 Speech Recognition 46 53 65 Speech Clarity 46 48 65 Category Flexibility 53 51 62 Number Facility 69 51 62 Near Vision 66 64 62 Written Expression 59 53 56 Selective Attention 41 39 56 Fluency of Ideas 44 46 53 Perceptual Speed 42 37 53 Skill Level Comparison - Abilities with importance scores over 69 Description Accountants Budget Analysts Importance Management of Financial Resources 66 74 89 Critical Thinking 63 73 84 Writing 52 63 82 Speaking 55 66 82 Complex Problem Solving 60 68 82 Mathematics 68 76 79 Coordination 68 69 79 Judgment and Decision Making 76 65 78 Time Management 71 68 78 Active Learning 66 72 77 Active Listening 68 71 76 Social Perceptiveness 56 60 74 Reading Comprehension 60 73 70 Learning Strategies 62 65 73 TORQ Analysis Page 2 of 14. Copyright 2009. Workforce Associates, Inc. Accountants Budget Analysts Knowledge Level Comparison - Knowledge with importance scores over 69 Description Accountants Budget Analysts Importance English Language 65 66 78 Economics and Accounting 67 69 73 Computers and Electronics 62 64 69 Experience & Education Comparison Related Work Experience Comparison Required Education Level Comparison Budget Budget Description Accountants Analysts Description Accountants Analysts 10+ years 0% 0% Doctoral 0% 0% 8-10 years 0% 0% Professional Degree 0% 0% 6-8 years 0% 1% Post-Masters Cert 0% 0% 4-6 years 27% 2% Master's Degree 0% 6% Post-Bachelor Cert 3% 0% 2-4 years 37% 32% Bachelors 1-2 years 7% 80% 90% 44% AA or Equiv 1% 1% 6-12 26% 16% Some College 10% 1% months Post-Secondary 0% 0% 0% 0% 3-6 months Certificate 1-3 months 0% 0% High Scool Diploma 3% 0% 0-1 month 0% 0% or GED None 1% 1% No HSD or GED 0% 0% Accountants Budget Analysts Most Common Educational/Training Requirement: Bachelor's degree Bachelor's degree Job Zone Comparison 4 - Job Zone Four: Considerable Preparation Needed 4 - Job Zone Four: Considerable Preparation Needed A minimum of two to four years of work-related skill, A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of For example, an accountant must complete four years of college and work for several years in accounting to be college and work for several years in accounting to be considered qualified. considered qualified. Most of these occupations require a four - year bachelor's Most of these occupations require a four - year bachelor's degree, but some do not. degree, but some do not. Employees in these occupations usually need several years Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or of work-related experience, on-the-job training, and/or vocational training. vocational training. Tasks Accountants Budget Analysts Core Tasks Core Tasks TORQ Analysis Page 3 of 14. Copyright 2009. Workforce Associates, Inc. Accountants Budget Analysts Generalized Work Activities: Generalized Work Activities: Interacting With Computers - Using Analyzing Data or Information - computers and computer systems Identifying the underlying principles, (including hardware and software) to reasons, or facts of information by program, write software, set up breaking down information or data into functions, enter data, or process separate parts. information. Interacting With Computers - Using Analyzing Data or Information - computers and computer systems Identifying the underlying principles, (including hardware and software) to reasons, or facts of information by program, write software, set up breaking down information or data into functions, enter data, or process separate parts. information. Processing Information - Compiling, Monitoring and Controlling Resources - coding, categorizing, calculating, Monitoring and controlling resources and tabulating, auditing, or verifying overseeing the spending of money. information or data. Getting Information - Observing, Getting Information - Observing, receiving, and otherwise obtaining receiving, and otherwise obtaining information from all relevant sources. information from all relevant sources. Communicating with Supervisors, Peers, Documenting/Recording Information - or Subordinates - Providing information to Entering, transcribing, recording, storing, supervisors, co-workers, and subordinates or maintaining information in written or by telephone, in written form, e-mail, or electronic/magnetic form. in person. Specific Tasks Specific Tasks Occupation Specific Tasks: Occupation Specific Tasks: Advise clients in areas such as Analyze monthly department budgeting compensation, employee health care and accounting reports to maintain benefits, the design of accounting or data expenditure controls. processing systems, or long-range tax or Compile and analyze accounting records estate plans. and other data to determine the financial Advise management about issues such as resources required to implement a resource utilization, tax strategies, and program. the assumptions underlying budget Consult with managers to ensure that forecasts. budget adjustments are made in Analyze business operations, trends, accordance with program changes. costs, revenues, financial commitments, Direct the preparation of regular and and obligations, to project future special budget reports. revenues and expenses or to provide advice. Examine budget estimates for completeness, accuracy, and conformance Appraise, evaluate, and inventory real with procedures and regulations. property and equipment, recording information such as the description, value Interpret budget directives and establish and location of property. policies for carrying out directives. Compute taxes owed and prepare tax Match appropriations for specific returns, ensuring compliance with programs with appropriations for broader payment, reporting or other tax programs, including items for emergency requirements. funds. Develop, implement, modify, and Perform cost-benefit analyses to compare document recordkeeping and accounting operating programs, review financial systems, making use of current computer requests, or explore alternative financing technology. methods. Develop, maintain, and analyze budgets, Provide advice and technical assistance preparing periodic reports that compare with cost analysis, fiscal allocation, and budgeted costs to actual costs. budget preparation. Establish tables of accounts and assign Review operating budgets to analyze entries to proper accounts. trends affecting budget needs. Investigate bankruptcies and other Seek new ways to improve efficiency and complex financial transactions and increase profits. prepare reports summarizing the findings. Summarize budgets and submit Maintain or examine the records of recommendations for the approval or government agencies. disapproval of funds requests. Prepare forms and manuals for Testify before examining and TORQ Analysis Page 4 of 14. Copyright 2009. Workforce Associates, Inc. Accountants Budget Analysts accounting and bookkeeping personnel, fund-granting authorities, clarifying and and direct their work activities. promoting the proposed budgets. Prepare, examine, or analyze accounting Detailed Tasks records, financial statements, or other financial reports to assess accuracy, Detailed Work Activities: completeness, and conformance to reporting and procedural standards. advise clients on financial matters Provide internal and external auditing analyze budgets services for businesses or individuals. analyze financial data Report to management regarding the finances of establishment. analyze financial information to project future revenues or expense Represent clients before taxing authorities and provide support during litigation compile data for financial reports involving financial issues. compute financial data Serve as bankruptcy trustees or business consult with managerial or supervisory
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