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.
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.
Management of time and organisation
Awareness and familiarity with business organisations
Capacity to debate and negotiate your case
Possibility of pursuing a combined honours degree
Select two subjects that interest you and pursue a dual honours degree at Aberdeen. Accountancy can be combined with a variety of other subjects such as business management, economics, finance, and legal studies, to mention a few. Due to the fact that a combined honours degree is tailored to your personal interests, employers will be pleased by both your passion and your one-of-a-kind skill set.
Employers and circumstances from real life
You will study from accounting practitioners and benefit from real-world employers and scenarios embedded into your degree in a dynamic learning and research environment.
Facilities for professional training
By choosing to study accountancy at the University of Aberdeen, you will have access to professional training facilities such as the Bloomberg finance lab, which is utilised by major financial institutions worldwide. This means that you will graduate with the practical abilities necessary to work for a company that makes use of these qualities.