ACCOUNTING vs FINANCE CAREERS
YOU're not alone.
Many people think they are the SAME.
But they are actually very DIFFERENT.
ACCOUNTING is about:
→ LOOKING BACK
→ KEEPING TRACK OF WHAT HAPPENED
FINANCE is about:
→ LOOKING FORWARD
→ MAKING DECISIONS FOR THE FUTURE
Both are IMPORTANT.
But they require different MINDSETS and SKILLS.
Let me break it down for you:
ACCOUNTING CAREERS are for people who love:
☑ ACCURACY
☑ NUMBERS
☑ DETAILS
☑ RULES
They are responsible for:
☑ REPORTING
☑ RECORDING
☑ COMPLYING WITH FINANCIAL DATA
They make sure EVERYTHING is in ORDER.
And NOTHING is MISSING.
FINANCE CAREERS are for people who love:
☑ INNOVATION
☑ RESEARCH
☑ ANALYSIS
☑ RISK
They are responsible for:
☑ PLANNING
☑ FORECASTING
☑ ADVISING ON FINANCIAL DECISIONS
They help the company GROW.
And ACHIEVE its GOALS.
Here are some examples of roles and designations:
Accounting Roles ⤵️
↳ CHIEF ACCOUNTING OFFICER
↳ ACCOUNTING MANAGER
↳ SENIOR CONTROLLER
↳ ACCOUNTANT
Accounting Designations ⤵️
↳ CIA (Certified Internal Auditor)
↳ CMA (Certified Management Accountant)
↳ CPA (Certified/Chartered Professional Accountant)
↳ CGMA (Chartered Global Management Accountant)
Finance Roles ⬇️
↳ CHIEF FINANCIAL OFFICER
↳ INVESTMENT BANKER
↳ FINANCE MANAGER
↳ FINANCE ANALYST
Finance Designations ⬇️
↳ FRM (Financial Risk Manager)
↳ CFA (Chartered Financial Analyst)
↳ FMVA (Financial Modelling & Valuation Analyst)
↳ CAIA (Chartered Alternative Investment Analyst)
And here are some key soft skills both sides need:
ACCOUNTING SOFT SKILLS 🔽
→ LOGICAL AND STRUCTURED
→ SYSTEMATIC APPROACH
→ ATTENTION TO DETAIL
→ CRITICAL THINKING
→ PRUDENT MINDSET
→ PROBLEM SOLVING
→ BUSINESS SAVVY
FINANCE SOFT SKILLS 🔽
→ RISK-TAKING
→ BUSINESS SENSE
→ COMMUNICATION
→ CREATIVE THINKING
→ RESEARCH FOCUSED
→ OUTCOME ORIENTED
→ ANALYTICAL AND TEAMWORK
→ PROBLEM SOLVING & NEGOTIATION
So now you know the DIFFERENCE.
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