HTTP/1.0 200 OK Cache-Control: private, must-revalidate Content-Type: text/html; charset=UTF-8 Date: Wed, 02 Dec 2020 21:53:07 GMT Expires: -1 Pragma: no-cache 足球比分推算技巧

Finance vs Accounting Degrees: Which Choice Is Best For Your Career?


Finance vs Accounting Degrees: Which Choice Is Best For Your Career?

Finance and Accounting both play a vital role in running a business and earning a degree in these subjects gives you the entry level position in an industry. Every company requires the finance and accounting department to balance budgets, keep track of the cash flows, taxed files.

Choosing a potential career in these fields helps in advancing career better. The job opportunities available for candidates have also increased to several thousands over the years.

But which path to pursue? Should you choose finance or accounting? To clear the confusion, we're here to help you decide on which field to pursue with a detailed comparison.

Accounting vs Finance: What's the Difference?
An undergraduate degree, you could pursue jointly a degree including both accounting and finance as major. But this gives a general overview on the surface of the topics. On further studies continued, you're given the option to choose one of these to specialize and expertise in a particular field. Both fields deal with numbers but here are few key difference mentioned,

ALSO READ: 海洋王照明公告澄而不清 销售合同疑点重重

1. Definitions
Accounting:
Accounting is the process of recording, reporting, measuring, summarizing and interacting about the financial transaction. It is mainly concerned with ensuring the accuracy of account balances, balance sheets and financial transactions. The financial statements include profit and loss statements, cash flow statements and balance sheets.
  1. Notably, among the nine schools ranked for the first time, WP Carey School of Business at the Arizona State University is the first US institution to take part in the ranking, having entered at 82.
    “He is very, very good at not allowing that pressure to in any way disrupt what Apple is trying to achieve,” says Mr Iger. “Clearly there were issues that were on his mind but Tim made sure they were never on the minds of the people who do what Apple does best.”
  2. Retail sales of consumer goods, a key indicator of consumption, rose 10.7 percent year on year in China last year, contributing 66.4 percent to the country's GDP, the Ministry of Commerce said earlier this month.
Is Accounting your field of interest? Make your decision now and learn about How To Become an Accountant in simple steps, what are the roles of an accountant and much more.

ALSO READ: 北京南苑集体土地租赁房今天开工

Finance: Finance is a study of planning and distribution of money, management of assets and study on how investment is for individuals, government or organizations. Irrespective of the size of the business, government or private organization, finance is required to manage the capital.
  1. 余秀华
  2. 以下是2012年搞笑诺贝尔奖得奖名单,这些奖项被授予那些做出看起来愚蠢却又对世界有深度贡献的科学家、作家、和平缔造者们,或者用主办方《不可思议研究年报》的话来说就是奖励那些“乍看起来让人发笑,但是随后发人深省”的研究工作。我敢担保,这些发明绝对能使人们大笑!
2. Job growth and Salaries
Accounting:
According to the Bureau of Labor Statistics, the average salary offered to an accountant in 2020 is about $71,550 and it can typically range from $44,480 to $124,450.
Job growth is expected to have an increase of 6% over the period of 2018 to 2028 faster than an average growth of a job. The employment opportunities are also increased and 770,000 new jobs are expected to increase by the end of 2026. The rapid growth is due to the growing economy, globalization, their skills and which is leading to the strong demand

Finance: According to the Bureau of Labor Statistics, the average salary offered to a financial analyst is about $85,660 where it can range between $52,540 to $167,420. The salary offered depends on the education,qualification, experience in particular field and additional skills acquired. The employment opportunities are projected to grow about 6% during the period of 2018 to 2028 which is faster than the average growth of the job. This is due to the increase for the demand of financial products and need for financial knowledge on various geographic regions.

ALSO READ: 硅宝科技“一字万金 20万奖金”品牌广告语全国征集活动

3. Type of degree
Accounting:
students can pursue their career at grad and undergrad level to advance career.  99% of the employers require you to have a bachelor's degree, other degree levels are detailed below.
  1. O2O成趋势 家居建材巨头忙开线下体验店
  2. 专家解读房价降房租涨现象:越来越利于购房
  3. 中原地产:超50城市发文治理楼市乱象 房地产调控再升级
  4. 专家:房地产税立法有望长效调控楼市
  5. 机构:3月全国人均房租支出大幅上涨 北京最高
  6. 成都半年查处75家房产开发企业及经纪机构
Finance: Finance students can choose these degrees to get good academic skills and advance career at graduate and undergraduate level,
  1. 上半年北京房产市场回暖 二手房成交量同比增长93%
  2. 新华国际时评:只要有诚意 中美之间没有解决不了的问题!
  3. 养老业迎减税红包 明年市场规模或达7.8万亿
  4. Master of Finance (M.Fin)M
  5. 哈维·韦恩斯坦被指控此后将麦高恩列入了黑名单,同时雇佣莫萨德机构跟踪麦高恩,窃取她的纪念手稿。
ALSO READ: 在针对已拥有金融业工作经验的学员开设的金融课程的排行榜上,伦敦商学院(London Business School)重新夺回在2011年至2015年占据的冠军宝座,同时英国剑桥大学(University of Cambridge)佳奇管理学院(Judge Business School)跌回第二名。

4. Accreditation
A student pursuing any career path must complete an accredited degree program  and coursework to increase their credibility for a job. Accreditation is important to certify that the specific program is conducted at a standard quality level. Hence, the professional accreditation for accounting and finance degrees are,
Accounting:
  1. 地产股异动拉升 华夏幸福涨停
  2. 激发土地要素红利不断释放
  3. 呼和浩特印发通知:部分本科及以上学历应往届生可半价买房
Finance:
  1. 楼市新政出台 房价会否重演2009年“疯狂”
  2. 北京通州一女子占房拒腾退 法院强制执行
  3. LED行业关注焦点:TPP协定达成对中国经济有何影响?
  4. 个税改革中等收入群体减税幅度大
  5. “我一直交费的停车位 被小区物业公司‘卖’给了别人。”
  6. 环渤海及中部地区新家居产业带形成
ALSO READ: 家装选材 低劣辅材危害猛于虎

5. Academic concentrations
Accounting:
Accounting students have high knowledge on balancing the financial transaction and the course concentrations offered under an accounting degree program help in gaining necessary skills,
  1. Auditing
  2. Budget analysis
  3. Business strategy
  4. Financial accounting
  5. Financial reporting
  6. Forensic accounting
  7. Information systems
  8. International accounting
  9. Macro/microeconomics
  10. Management accounting
  11. 探访长租公寓:到底啥模样 和上涨的房租有多大关联?
  12. uantitative analysis
  13. Risk management
  14. Tax accounting
Finance: the coursework offered under this degree program help in managing the capital and estimating the return, they are,
  1. Advanced derivatives
  2. Asset markets
  3. Behavioural finance
  4. Corporate finance
  5. Economics/econometrics
  6. Financial mathematics
  7. Financial management
  8. Financial markets
  9. Financial planning
  10. Financial engineering
  11. Financial accounting
  12. Financial reporting
  13. International financeP
  14. rivate equity
  15. Risk management
  16. Venture capital
ALSO READ: 广州住房公积金提取新规:可提取公积金在毗邻城市购置首套住房

6. Career concentrations
Accounting:
With an accounting degree students can choose various other career paths in the public, government or management sector. Here are some career opportunities open for account students,
  1. Budget analyst: A budget analyst is a professional who is responsible for preparing the budget to allocate resources for an organization to maximize profits. They strategize the budget to manage the finance and address budget issues. 
  2. Public accountant: they are specialised in giving financial advice to clients, organizations and individuals to address tax issues and assist in strategizing business decisions.
  3. Internal or external auditor:  An internal auditor addresses the issue related to company practices and potential risks. They conduct auditing throughout the year to reduce the faults in funding, fraud and waste with improving processes. The external auditors analyze the financial records  and statements of the company annually.
  4. Management accountant: This profession includes the role of managing, planning and administering  the financing decision making process according to the financial information to monitor the company’s account.  It includes cost analysis, documenting and risk analysis.
  5. Government accountant: This job role includes working for government agencies who are trained in  managing public funds, investigating white-collar crime, performing financial statement audits, conducting research on emerging accounting issues.
Finance: A finance students who earned a degree opens the door of opportunities and can land on other job concentrations such as,
  1. Fund managers:  fund manager is responsible for strategizing and implementing the investment by conducting research, taking decisions and managing trading activities. It also includes buying, selling and estimating the future values of property or mutual funds.
  2. Portfolio managers: they're concerned with the overseeing and investment of mutual, exchange-traded or closed-end funds. Also investment on stock, real estate, bonds and other. 
  3. Ratings analysts: they focus on rating a particular stock based on factors and analysis. Experienced professions objective and rate the stock, specialize in assessing a business or government organization’s ability to repay loans based on rating.
  4. Risk analysis: they are trained in analysing the financial documents, records and economic conditions to determine the probable risk while making a business decision. Estimating the possible risk while investing is essential.
  5. Buy-side analysts: they are professionals who work on return of investment, management strategy, giving financial advice  to a firm or their clients.
Conclusion
If you are a pro at crunching numbers, you must surely look forward to pursuing your career in finance or accounting. Every organization values these two departments in order to maintain financial security and to run the business function smoothly.

Choosing between these two career paths with diverse opportunities helps make your choice tougher. The comparison between finance and accounting detailed above will help you choose the right career that is compatible with your career goals. This article aims to cut down the research time that you’d normally spend while deciding between a degree in accounting and finance and help you in making quicker and better career decisions.

Post a Comment

1 Comments