support@edupristine.com1800 200 5835Request a Call
Call Me

Which Career would you choose: Finance or Accounting?

June 3, 2010
, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
accounting vs finance

source: financedegreelink

Whether I should go for Finance or Accounting? Is this question bothering you a lot? If yes, then here we bring to you an analysis of both these streams, which will help you to choose the right career path.


Accounting is essentially subset of finance, in terms of discipline. However if we see the career path and the kind of role played in both the disciplines, it differs considerably.

Accounting involves data measuring, filling and maintenance of financial statements i.e income statement, balance sheet, cash flow statement, hence financial position of a firm can be assessed. People who specialize these activities are designated as accountants.

An accountant is expected to keep track of company's transactions, tax paid records etc accurately. The analysis and communication of financial information of various companies, is also categorized as the role performed by accountants. Many accountants also do budget analysis, financial planning, IT consulting and some legal services like auditing. The auditer typically audits the financial reports of the firms, and give independent opinion on whether the information given in the statements is accurate and free from material errors. Some accountants also specialize in investigating the frauds, bankruptcies, and other financial crimes.

The career path after an accountant could be 'accountant manager' who are more involved in planning and budgeting. Their responsibilities are cost management and asset management. Usually they are also part of executive teams involved in strategic planning and business decisions.


It is a vast domain, it has applications in commercial and investment banking, real estate, acturial science, insurance. The discipline broadly comprises the fields like economics, Mathematics, Accounting, Statistics, Business. Specializing finance would also involve specializing these subjects as well as having strong decision making, team leading capabilities.

Broadly the financial manager's role would involve decision making. They would analyze the data prepared by accountants and are expected to make high level decision based on that. e.g if the company should give dividends, mergers decisions, derivative valuations etc.

Finance also involves risk management, this would also mean to have expertise in Financial Modeling and/or Financial Risk Management and tools based on financial practices.

Professionals in consulting, also give financial advice and help clients make important decisions, reduce costs etc.

Portfolio allocation and management, credit analysis, research in risk measurement, security valuation, fund raising are also the genre of activities for finance managers.

Hope your confusion between Finance or accounting has been sorted. If you still have any doubts, feel free to mention it in our comments section below and we shall get back to you at our earliest.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.

Popular Courses

Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA® Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA® Institute, CFA®, CFA® Institute Investment Foundations and Chartered Financial Analyst® are trademarks owned by CFA® Institute.

Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to and we will rectify it.

Post ID = 4775