How Does a Degree in Accounting Compare?

Accounting and finance are two closely related fields that are essential for the proper functioning of any business or organization. Both are concerned with managing and analyzing financial information, but they have some distinct differences.

	ACCOUNTING	FINANCE
Definition	Accounting is the process of recording, classifying, and summarizing financial or business transactions to provide information that is useful in making business decisions.	Finance is the study of how individuals and organizations allocate their resources over time with the intention of maximizing wealth.
Purpose	The purpose of accounting is to provide financial information that is useful in making business decisions.	The purpose of finance is to maximize wealth and meet financial goals.
Focus	Focuses on historical financial data.	Focuses on the future in order to meet financial goals.
Skills	The key skills required in accounting include attention to detail, numerical ability and strong organizational skills.	The key skills required in finance include analytical thinking, strategic planning, and the ability to make sound financial decisions.
Career Opportunities	Bookkeeping, Accounting and Auditing Clerks Cost Estimators Tax Examiners and Collectors and Revenue Agents Forensic Accountant Budget Analysts Purchasing Managers, Buyers and Purchasing Agents	Financial Examiners Financial Analysts Insurance Underwriters Data Scientists Personal Financial Advisors Financial Managers

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