How Does a Degree in Finance Compare?

Finance and Accounting 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.

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

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