Sunday, 13 November 2011


A financier uses the documentation developed by an accountant to make decisions about financial leadership. This degree must provide an understanding of economics -- including its statistical and mathematical bases -- and management, both of risks and of assets. A finance degree often is considered more challenging to complete than an accounting degree because it requires mastery of more aspects of the theoretical foundation of financial systems. The field of finance requires analytical skills as well as an understanding of the financial documents that underlie projections and analyses. An accountant does exactly what the term suggests: account for the finances of a company or individual. An accounting degree centers around mastery of the ebb and flow of money and the ways in which these movements must be documented. From balance sheets and profit-and-loss statements to tax forms and financial disclosures, accounting requires sound preparation in the legitimate use and manipulation of fiscal results. An accounting degree must include knowledge of tax law, auditing standards and general marketplace principles related to multinational companies. A finance degree is designed as preparation for work in banking and investing, financial planning, real estate, management and managerial consulting and government or corporate financial analysis. In addition to finance-specific career opportunities, a finance degree is good preparation for a wide range of corporate positions that demand analytical skills and a broad-based understanding of market forces, be they local, national or global. Insurance companies and real estate firms are among the concerns that look for finance graduates. First and foremost, the accounting degree's intent is to prepare graduates to become Certified Public Accountants and enter the workforce with that credential. CPAs may work on staff at large accounting corporations or as solo practitioners with a roster of small-business clients. They may hold positions in government at the city, state or federal level. They may specialize in taxes or forensics. In all its forms, an accounting career focuses on financial facts and their repercussions, not on the projections that preoccupy the field of finance.

My Comment:
in my opinion,financial and accounting have the similarity but the differences is qualification of accounting is more greater than the finance.