#finance #vs #accounting
Finance vs Accounting Which is Better? (Top Differences)
Finance vs Marketing Which is Better? Many students think that finance and accounting stem from the same domain of expertise. But ask an accountant or a finance guy who has been working in a corporate for a long time, they would tell you how different they are in their nature, scope of work and areas of expertise.
In this article, we will look at both of these domains and investigate how different they are. Yes, they’re related. And to be good in finance, you need to know the basic accounting. But that doesn’t mean both are the same things.
We discuss the following in this indepth article
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We will give you examples and share some facts about both of these. Hang tight and read on. Let’s get started.
Finance vs Accounting Overview
Finance is the science of planning the distribution of assets within the company.
Accounting, on the other hand is the art of summarizing,
reporting and recording the finance-related transactions
Forensic Accounting. Management Accounting, Public Accounting, financial accounting, Auditing, Government Accounting
Bachelor in finance, accountancy, economics or mathematics; MBA,
CFA, FRM, PRM. CFP and more
Goldman Sachs Co
Bank of America Merrill Lynch
J.P.Morgan Chase Co
PwC (PricewaterhouseCoopers) LLP
Ernst Young LLP(EY)
Grant Thornton LLP
BDO USA LLP
Crowe Horwath LLP
RSM US LLP
Moss Adams LLP
Baker Tilly Virchow Krause, LLP
Depends on which sub domain in Finance you are working for. Investment Banking its brutal! Equity Research is still OK. Buy Side Analyst have a balance work life.
Depending on the area, you may have to work for 10-18 hours a day
Balanced Much better than the Financial Analysts. Work is not urgent all time of the year.
Mostly they are not required to travel much. You can safely assume that 90% of the time is spent in Office.
Not much of travel is required by economists