Finance and accounting are like two sides of the same coin, crucial for a company’s financial well-being. Accounting tracks the company’s financial history, meticulously recording income and expenses. Imagine it as the bookkeeper. Finance, on the other hand, is the strategist, using accounting data to analyze the past and make informed decisions about the company’s future, like a financial GPS. Both are essential for a company’s success.
- Accounting : Bookkeeper of the business (tracks past financial performance)
- Records income & expenses
- Creates financial statements
Finance : Financial strategist (uses accounting data to plan for the future) - Makes investment decisions
- Manages financial risk
- Education: Bachelor’s in Accounting, Finance, Business, etc. (Accounting may have extra requirements)
- Experience: Internships in finance or accounting (a plus)
- Skills: Math, analysis, problem-solving, communication, computer skills (Excel)
- Qualities: Business knowledge, attention to detail
