Accounting: Accountant’s (sometimes called: Controller)
primary function is to develop and provide data measuring the performance of
the firm, assessing its financial position, and paying taxes. The accountant is
responsible for preparing financial statements such as
the income statement, balance sheets, and cash flows. It is normally
passive work, in the sense that, the work has a very independent nature to it
such as preparing forms and financial statements. It is a good job for people
who want to work independently and are very organized (this is only a very
brief description, if you are interested in accounting; consult your accounting
instructor for more information).
Finance: The
financial manager or consultant places primary emphasis on decision making. It
uses the financial statements prepared by accountants to make decisions about
the firm’s financial condition and to advise others about possible losses and
profits. In some cases, finance is more a type of leadership position. A
financial manager has to deal not only with finance, but also with economics,
accounting, statistics, math, and management. For example, people working with
stocks and bonds have to understand and analyze how the underlying companies
are performing. How a given company is going to perform during recession? Should they sell or buy stocks or bonds. How a
decrease in the interest rate in England
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