What is the difference between accounting and finance?

Simply said, accounting and finance combine concepts of money with those of business and management. They encompass a variety of institutional and organisational reporting, calculation, and assessment methods.

How are accounting and finance distinct?

Accounting is concerned with the study of data and the documentation of financial transactions. While finance is concerned with the management of money and a business’s funds.

Why pursue a career in accounting and finance?

There are numerous reasons to study accounting and finance in college, ranging from the highly transferrable skills you will acquire to the job options available. The following are our top five reasons to study accounting and finance:

1.Career route is adaptable

After earning a bachelor’s degree in accounting or finance, you’ll have a range of professional options. You may pursue a career as a chartered accountant, stockbroker, or forensic accountant, or you could take a different path and utilise your degree to become a business development manager, data analyst, or mortgage advisor.

 

2.Exceptional earning potential

Graduates with an accounting or finance degree have the potential to earn a high salary depending on their professional path. If you opt to work as a public or private accountant, you can expect to earn roughly £18,000 in your first year. With more experience and the necessary credentials, you can make up to £100,000 per year (National Careers Service).

3.Accountants are required in every sector.

By pursuing a career in accounting or finance, you will acquire the necessary skills to work in a constantly in-demand field. Accounting and finance specialists are required to manage the finances of businesses of all sizes and industries. Due to the high demand for accounting and finance graduates, you will have a high degree of employment security.

 

4.Graduate programmes and education

Studying accounting and finance results in a plethora of graduate training opportunities. If accounting is the job path you wish to pursue, you will have the option of following a predetermined career path following graduation. As a graduate trainee, you can join a well-established organisation and pursue a planned training programme with a clear career path.

5.Ability to transfer skills

A degree in accounting or finance will equip you with a variety of transferable skills that will help you improve your CV and position you as a desirable employee to a variety of organisations. You will develop strong mathematical and numerical talents, as well as sophisticated analytical and problem-solving ability. Among the abilities you will acquire are those that are frequently in high demand by employers.

Communication
Management of time and organisation
Awareness and familiarity with business organisations
Capacity to debate and negotiate your case

Making a choice

Have a question about the online Bachelor’s/Master’s Degree offered by London School of International Business, UK ?  Our professional and friendly Admissions staff will be delighted to walk you through your choices. Simply Chat with us or email us or WhatsApp us, and we’ll get back to you.

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