Accounting Vs. Finance. Which Career Choice is better?

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The Financial Controller

The Financial Controller

Күн бұрын

Пікірлер: 538
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Level up your Accounting Career by enrolling in our 6-weeks program here controller-academy.com/courses/controller-academy
@TheFinancialController
@TheFinancialController 4 жыл бұрын
oh and happy learning :)
@bilalahmedkhattak8190
@bilalahmedkhattak8190 4 жыл бұрын
you got one subscriber sir thank you for given such important information regarding account finance
@bilalahmedkhattak8190
@bilalahmedkhattak8190 4 жыл бұрын
I had done bcom in Pakistan as a bachelor degree what should i do next
@DR.VonDoom24
@DR.VonDoom24 3 жыл бұрын
I have a question, I have an accounting background and bookkeeping certification. However, i want keep going would I be better off getting a Masters in Finance or an MBA concentrated in Finance. Thanks in advance sir.
@shanicegrande8631
@shanicegrande8631 2 жыл бұрын
I’m getting an A.A in Accounting and then when i transfer to university i’m getting a B.A in Finance🥰
@AN-jb7dc
@AN-jb7dc 3 жыл бұрын
Thank you for including the term "introvert" in your description of the distinctions. I'm an introvert who loves finance, so I'm combining the two and studying for the CFA and CPA exams.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
That’s great. Best of luck
@feliciafel1973
@feliciafel1973 3 жыл бұрын
Yes me too, I am an introvert as well. Gonna study for the CFA first then tackle the CPA
@YouTubeChannel2296
@YouTubeChannel2296 2 жыл бұрын
@@feliciafel1973getting a CPA and CFA is not worth it practicality wise, however if you’re doing it for the personal education and name then it is. CFA will teach you how to invest and analyze risk. CPA will strengthen everything accounting. I don’t think having both provides any advantage in the workforce.
@CM-oe9ky
@CM-oe9ky 2 жыл бұрын
@@feliciafel1973 I'm doing both as well. I would just suggest that you switch the orders of them. The CPA exam process can be completed in 12-18 months if you're already educated, but the CFA exams tend to take several years to complete. Also, they're changing the CPA exams in 2024, so if you're already educated in accounting you probably aren't prepared for the new CPA exams.
@danielthomas93
@danielthomas93 Жыл бұрын
Bro an introvert seriously he is an extrovert he makes yt videos showing himself
@l-Lucid-l
@l-Lucid-l 4 жыл бұрын
Thank you for mentioning introvert vs extrovert, no one does. Definitely rather work a job good for introverts
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thanks Jorge. Go introverts:)
@citizenoftheyearCC
@citizenoftheyearCC 4 жыл бұрын
I have nearly 3 years of experience in F&A and can say this video is very accurate.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I am happy someone from the financial analysis side confirms my analysis!
@Kevinsmith-qm9ff
@Kevinsmith-qm9ff 3 жыл бұрын
i’m 15 and want to be a financing accountant when i’m older, is this a good career goal?
@abcdefg12369
@abcdefg12369 3 жыл бұрын
If accounting and finance were the only two jobs left in the world, Do you think it’s worthy to have 20% less salary being an accountant than fiance in order to have more stable, more comfortable tasks at work and you can have time for personal life? Or is it worthy to step out of the comfort zone to get that extra 20% $ by doing fiance, but end up not having a life outside of work, and stress at your work? I’m an introvert too! Material wise, which one is harder? Please also talk about bonus. In what categories do they evaluate you and the amount $. Is bonus quarterly and annually.. and salary raise. I got a bachelor degree in accounting and debating which MS program to go for. It looks like CPA route is reasonable since I have most of the credits. I just want to hear other’s opinions!
@citizenoftheyearCC
@citizenoftheyearCC 3 жыл бұрын
@@abcdefg12369 There is so many different categories of F&A and it's going to vary based on the company. For example I work in private accounting instead of public so my hours are pretty good. Those straight out of college in public make about the same as me but their chances of being promoted to a higher paying job is likely higher if they can survive the burnout. If you are introverted I think accounting is more your alley. When I worked in Finance it was a lot of meetings and presentations. My companies bonus is once a year and it pays very well, around 10%-20% of your salary depending on well you/the company did. You can make a lot of money in accounting as well. We also get raises once a year but seems like switching jobs to get pay raises is becoming the new norm.
@abcdefg12369
@abcdefg12369 3 жыл бұрын
@@citizenoftheyearCC Thank you. In your accounting job, how many hours did you work per week (busy vs downtime season)? Did you have to work a lot outside of your work hours, such as OT? How much vocation time did you have and were PTOs easy to approve? What kind of meetings/presentations did you have and how often? Do you think you have closer relationships with your finance coworkers vs accounting since you interact with finance more or vice versa or same. Tell me about coworker relationships as well.
@dantessMG
@dantessMG 3 жыл бұрын
I love the way u made ur decision; despite being able to generate more money u focused on ur life balance and happiness with respect to ur capacity
@dianner5415
@dianner5415 Жыл бұрын
This is one of the best videos I have found on the difference between finance and accounting. Really appreciate discussing the reasons one might choose one path over the other, and the introvert factor.
@glaixxagabato4981
@glaixxagabato4981 3 жыл бұрын
i'm an introvert but i'm more into finance, i'll make my weakness as my strengths. thank you for the clarification between these two. it helped me a lot! you're so great!
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Haha makes sense thanks for watching
@aleksi9470
@aleksi9470 2 жыл бұрын
Yes this is true to me also. I’m a bit scared of public speaking but I love the idea of working as an analyst.
@youngxneo6509
@youngxneo6509 4 жыл бұрын
You really helped choose which career to go for, I’m about to go to college this year and I had chosen an art degree and it wasn’t sitting well for my future goals money wise. Thank you very much 🙏
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thanks and best of luck!
@zaid_saleem
@zaid_saleem 2 жыл бұрын
what's ur major now?
@kaitydidkaity6542
@kaitydidkaity6542 2 жыл бұрын
It’s been so hard finding a resource that outlined the differences in a clear and finite way. Excellent video, thank you
@celisye
@celisye 2 жыл бұрын
I agree with you 100% thanks for the video . I was always curious about working in Finance , but now by watching this video I have confirmed that accounting is my thing ! And I love it ! Thanks
@scaramouche6586
@scaramouche6586 4 жыл бұрын
thank you so much for the help! right now i’m an accounting major, but i recently took a finance class and liked it as well. i definitely think accounting is more for me given that i’m more introverted and like having a set schedule! also, the thought of predicting and advising others based on assumptions terrifies me
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Alex you are not alone. Many finance professional dislike the forcasting/responsibility aspect as it is stressful.
@tpb1006
@tpb1006 Жыл бұрын
@@TheFinancialController If I become a CPA, how can I open my own business? I mean doing what?
@VanessaSteele88
@VanessaSteele88 Жыл бұрын
​@@tpb1006you can open an accounting firm or partner with someone providing accounting services for small businesses
@CaryInVictoria
@CaryInVictoria 3 жыл бұрын
I forwarded a link to this video to my grandson who is about to begin studies at a business school. He is interested in accounting and finance, but doesn't have a clear understanding of how a career in one of those disciplines would differ from a career in the other. This video is a perfect introduction to gaining a better understanding of the differences.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Thanks! Best of luck
@explodingswan7167
@explodingswan7167 4 жыл бұрын
This video is what led me to your channel. I was struggling to find an accessible way to explain my change of career alignment from Accounting to FP&A to friend who isn't from our world and doesn't understand that us CPAs can do so many different things! This was spot on. I liked the part where you explain how your personality interacts better with Accounting because I'm the reverse in every way. When I was an accountant, period ends grew stale after a while and my favorite part became working with the finance team to give them some guidance on how to forecast/budget accounting adjustment accounts. I was the only person in Accountings who wanted to touch that, and the finance team hated to forecast anything accounting based (which shows how much these two things don't intersect too well) so I ended up de facto owner of many accounts during the forecast process. Interacting with the finance team led way for a career revelation and an opportunity that I'm extremely happy to have gotten. It was like a gravitational field pulling me in that direction!
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thanks! Yeah, forecasting is not a natural skill for accountants, but certainly can be nurtured through experience. Great insight again here, thanks for adding!
@nyambesimangolwa5755
@nyambesimangolwa5755 Жыл бұрын
Adding my comment to make them total half a thousand on this video 💪. Best video I’ve seen explaining the difference between these two. Thanks
@Worldviewspotlight
@Worldviewspotlight 4 жыл бұрын
I am great full you mentioned about introvert and extrovert. Never heard it before. I am new subscriber. I have done masters in accounting and finance and I love this profession and really want to pursue it further. I am here to refresh my knowledge. Thank you 🙏
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Welcome aboard!
@856avinashmaurya6
@856avinashmaurya6 3 жыл бұрын
Can you guide me how to choose correct part parth in accounting and finance current I am doing bachelor in accounting and finance
@perceptionexpert
@perceptionexpert 4 ай бұрын
20 videos later and TFC was the first to actually answer the question - much appreciated for making a video with substance and not fluff.
@TheFinancialController
@TheFinancialController 4 ай бұрын
Haha thanks!
@Hartsinck1
@Hartsinck1 4 жыл бұрын
Something they don’t tell you is that an accounting degree allows you to do anything finance can do, but finance people cannot do what accountants can do. Finance people could have to compete with accountants for jobs. Plus most CFOs and other prominent business positions have accounting degrees.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
True!
@Rohitoh
@Rohitoh 4 жыл бұрын
Wait so I can't have a finance degree and take cpa and get into accounting?
@Hartsinck1
@Hartsinck1 4 жыл бұрын
@@Rohitoh You have to have an accounting degree and a certain number of credit hours and or work experience depending on the state as well. One you cannot be an accountant without a bachelor's in accounting and then on top of it, you need in some states a master's in accounting to be a CPA. That's because in the process of learning Accounting you learn how to do forecasting, investing, etc. which are things in Finance, but Finance does not teach you about Accounting at all. There's a reason why almost every CFO and CEO is an accountant because it's the language of business and gives you the best understanding of a business more than any other area.
@Rohitoh
@Rohitoh 4 жыл бұрын
@@Hartsinck1 thank you for the detailed response, much appreciated 👍
@mystuff8579
@mystuff8579 3 жыл бұрын
@@Rohitoh yes you can. You will need to go for a masters in accounting at a university that allows non accounting majors to enter their program. Many exist.
@tudon5774
@tudon5774 4 жыл бұрын
Great video. Thanks. As an auditor in big4 I'm currently hesitating accounting and finance. Your video helped me to see things clearer !
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Awesome 👏
@abcdefg12369
@abcdefg12369 3 жыл бұрын
If accounting and finance were the only two jobs left in the world, Do you think it’s worthy to have 20% less salary being an accountant than fiance in order to have more stable, more comfortable tasks at work and you can have time for personal life? Or is it worthy to step out of the comfort zone to get that extra 20% $ by doing fiance, but end up not having a life outside of work, and stress at your work? I’m an introvert too! Material wise, which one is harder? Please also talk about bonus. In what categories do they evaluate you and the amount $. Is bonus quarterly and annually.. and salary raise. I got a bachelor degree in accounting and debating which MS program to go for. It looks like CPA route is reasonable since I have most of the credits. I just want to hear other’s opinions!
@殡
@殡 Жыл бұрын
@@abcdefg12369what ms program did you go for can we talk
@jusnaturale
@jusnaturale 7 ай бұрын
Hey bro did you become a CPA?
@rmmlotha1
@rmmlotha1 2 жыл бұрын
Many thanks for making this video. I was so indecisive with my career choice and this just cemented everything I needed to know about the life of an accoutant and financial analyst.
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Good luck Robert!
@Justina14ification
@Justina14ification 4 жыл бұрын
Thank you for mentioning the introvert side as more preferable for accounting. Your reasons for choosing accounting aligns with mine especially #1 and #2. I always thought accountants are busy ensuring accuracy of numbers, which I considered to be stressful. With your explanation, I can imagine how more stressful the work of a FA can be. Thank you!
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thanks Lucia, yeah it’s hard to admit but I am a big introvert:)
@OracleBizz
@OracleBizz 3 жыл бұрын
definitely finance as its forward looking compared to Accounting which only looks at the past and companies see Accounting as a cost rather than bottom line contributing factor.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Agreeed
@aceanyconcept337
@aceanyconcept337 Жыл бұрын
You clarified a lot of things for people considering a career in accounts or finance. Thanks!
@kumarrajagoolisetty9500
@kumarrajagoolisetty9500 4 жыл бұрын
Love you sir, day by day you are making my accounting life easy.👍
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I am glad it’s helpful:)
@nicholasamore1508
@nicholasamore1508 4 жыл бұрын
Not going to even lie as a finance major, wish I just did the accounting field. Picking it up as a second major though
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Nicholas you can shine in either track. Finance is sexier and you can make more money, so press on the gas and just pay your dues and great things will happen
@Garceezy271
@Garceezy271 3 жыл бұрын
Great job explaining both! My only comment would be to major in both. You’ll never know which one you like more until you study them.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
You are not wrong!
@Garceezy271
@Garceezy271 3 жыл бұрын
@@TheFinancialController your channel is awesome. It’s helped me so much with my MBA program so far. Thanks for replying!
@Boogie.eggooo
@Boogie.eggooo 4 жыл бұрын
I’ve been struggling on what to pick as a major for college, the video helps a lot thank you!
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Glad you found it helpful:)
@lazarinatcholeva4109
@lazarinatcholeva4109 3 жыл бұрын
Brilliant video, I really enjoyed it. Very nice presentation, with facts and reasonable opinions. I liked also your tone of the voice and clear, easy to understand English, both very important to me to be able to follow with interest. I am certainly going to see your other videos as well. Thank you indeed.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Thank you Lazarina!
@jjlayks
@jjlayks 3 жыл бұрын
this was so helpful, i’m so torn between which path to take & this has definitely answered a lot of the questions i have. thank you so much!
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Best of luck JJ!
@jigyasuprabhakar9442
@jigyasuprabhakar9442 4 жыл бұрын
Great video!! But I have few questions:- 1. How far we can go in our careers being an accountant without CPA designation? 2. Can we get finance jobs(financial analyst) after majoring in accounting or working in any public industry?
@TheFinancialController
@TheFinancialController 4 жыл бұрын
It's hard to reach an Accounting Manager role without CPA. I've seen very few folks who did that, and mainly because they were good with financial systems and automation. Yes, I am a big believer in going into Accounting as means to becoming an financial analyst. Watch my video on Exit from Public accounting for more breakdown.
@nyashakakwenga9527
@nyashakakwenga9527 2 жыл бұрын
@@TheFinancialController is it possible to drift into finance after acquiring a degree in accounting..If so what will be the career path
@dabananaking09
@dabananaking09 2 жыл бұрын
I wish I would’ve watched this video before I switched my majors from Accounting to Finance last week. I relate to the introvert section so much, but the finance courses have been easier for me to understand than accounting, which makes me feel lost often. My question for you would be if you think it it’s ever too late to go into Accounting and become successful in obtaining an CPA, I probably won’t get my Bachelor’s until I’m 34 and would have to be “too old” to be starting a career in Accounting
@TheFinancialController
@TheFinancialController 2 жыл бұрын
The age aspect is a thing of the past. Hiring managers look for decent grades and someone who can articulate their knowledge during an interview. Go full speed brother
@jeanpaulnishimirwe2609
@jeanpaulnishimirwe2609 3 жыл бұрын
HI, what do you think would be the reason to choose finance over accounting? I liked that you have just mentioned why you have chosen accounting over finance.
@kharla.97
@kharla.97 4 жыл бұрын
Prior to watching this video I was worried about my career options as I major in accounting. I really enjoy the schooling so far and been able to do well but I have my worries in case I realize in the future that the traditional path most accounting majors pursue isn't for me (a lot of them go through PA which sounds scary to me). From what you've said it looks like majoring in accounting would be more beneficial in terms of flexibility? I've heard this said before - in terms of jobs/career do you agree that an accounting major has more flexibility in that they can do jobs that finance majors can do but finance majors would have to learn more if they wanted an accounting role? I hope my question makes sense hahah.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Great question. Yes, when hiring, I find accounting majors most versatile. When you are an accountant who does financial analysis, your knowledge of technical accounting, rules, mechanics of general ledger, etc are extremely handy and helpful in finance careers. So do your best in accounting and you can nail both.
@leahirons
@leahirons Жыл бұрын
I'm late to the party, but great video detailing the differences. I do a fantastic job (I think) pretending that I enjoy talking to people; I've had many, many years of customer service experience prior to becoming an Accountant. I actually prefer accounting because history is static. I can't make a "failed prediction" about history, but I can definitely fail at forecasting accurately with this broken crystal ball of mine 😉
@yourhead6592
@yourhead6592 4 жыл бұрын
I’m deciding on what i should major in college and accounting was one of my top options. Im interested but im worried that accountants work very long hours and have no life execpt for work. I would love 40 or even 50 hours a week but nothing like 70 or 80 hours. I dont mind making less money with less hours but i dont want to risk having no life by working 80 hours a week.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Accounting can be 40-50 hour week if you avoid public accounting.
@prashantadke5638
@prashantadke5638 Жыл бұрын
such a crucial video for anyone to understand and select a career to pursue .....
@majidkazi555
@majidkazi555 4 жыл бұрын
Thank you for clearing my thoughts, it was very informative and clear. However, which professional course would you recommend to grow a career as Financial Analyst?
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I have seen both accounting and finance majors do well as financial analyst. Real life work experience is what counts after the 4 year degree in either major. Find a company where you can learn their busy really well and a manager/mentor who will guide you.
@vicenteruiz3872
@vicenteruiz3872 3 жыл бұрын
Great video! I am currently a financial analyst and will receive my bachelor's in May with a Major in Business Management and a minor in accounting. I am thinking of switching over to an accountant.
@rafaelantonio7128
@rafaelantonio7128 2 жыл бұрын
What school are you attending if you don’t mind me asking?
@J10-f4s
@J10-f4s 2 жыл бұрын
What made you want to switch over to accountant?
@xoxomangakcorxoxo
@xoxomangakcorxoxo 3 жыл бұрын
I'm double majoring in accounting/finance and I'm so lost on what I want to do! Can I work in finance with a CPA?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Yes!
@Bluesnakes333
@Bluesnakes333 3 жыл бұрын
I majored in accounting and a major introvert. Totally agree w/ you. Took a job in finance right out of college.. worst mistake yet. Trying so hard to find an actual accounting job. Is accounts payable a good place to start? What about taking jobs that don’t require a degree, is that a waste?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Yes a waste of no degree required. AP is a good place to nail down the nuts and bolts, then try to get some fin reporting experience
@Jarizen2718
@Jarizen2718 2 жыл бұрын
Hi I am Finishing up Community College with a Associates In Finance I Graduated Highschool a year late I got into college at 19 now 20 Now I'm Thinking to get a Bachelors In Accounting at WGU do you think a College like WGU is good for accounting? Or do you think because its a online college and not that famous it would be looked at that well im not sure
@ATS1031
@ATS1031 4 жыл бұрын
wow i think this helps a lot in terms of deciding what i want to do when im older i think im leaning more towards finance
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Great!
@brother-In-Christ404
@brother-In-Christ404 6 ай бұрын
Excellent breakdown, addressed everything i wanted to know
@TheFinancialController
@TheFinancialController 6 ай бұрын
Glad you enjoyed it!
@tw2800
@tw2800 2 жыл бұрын
Will you please consider making a video on the career path you would recommend for those students who want to gain practical education and work experience to ultimately prepare themselves for starting and growing their own firm? I would really appreciate this kind of video since most accounting videos focus on becoming the best employee wo discussing a strategy for developing an end goal of preparing oneself to become self employed. Thankyou!
@dhwaniskuppitorn3405
@dhwaniskuppitorn3405 3 жыл бұрын
Good one sir, its very helpful for people like me .....expecting more from you , thankyou !( adding a small note : now a days accountant job also having high stress level !!)
@sokhatry8776
@sokhatry8776 3 жыл бұрын
Your video touch to the point. I am finance manager for one NGO in Cambodia. The org just adopt of IFRS for SME for organisation. What of my concern is mistatement of information complying to the standard.
@ahmadyaseenyousofzai
@ahmadyaseenyousofzai 9 ай бұрын
Hey Bill, I wanted to ask your advice on something. I am a high school graduate and want to do ACCA but, with ACCA I want to pursue another complimenting bachelor degree while doing ACCA. So, I have to decide what degree to choose. I don't want to choose accounting because I will be doing it in the ACCA. Now, I can either do Finance or Business administration or Economics. Please tell me what you think and you can mention a degree that is not mentioned above.
@MrInventer80
@MrInventer80 3 жыл бұрын
Can someone in accounting transfer into finance later in life and can a financial analyst with a degree in finance transfer to acciuntinh?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
Accountants can transfer to finance but the reverse is hard
@cielomendoza77678
@cielomendoza77678 2 жыл бұрын
I am currently an accounting major with the goal of become a cpa but I often struggle with the idea of if accounting will be the right career path for me. If in the future I want to switch from being a cpa to go into finance, would that be possible? Or would I have to go back to school to get a degree in finance? I ask this because from my accounting and finance classes that I’ve taken so far, the material has been pretty similar. I see myself as an extrovert but I feel that the material in accounting goes more into depth in learning concepts and is more helpful than finance. Thank you for this helpful video!
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Hi. I’ve seen many of my friends switch to financial analysis without any extra schooling
@jk_the_1min653
@jk_the_1min653 4 жыл бұрын
Is it possible switch my career from Finance to Accounting?
@TheFinancialController
@TheFinancialController 4 жыл бұрын
That’s more difficult but doable. You would need to find a company that’s willing for you to learn on the job. Another option is going back to school for additional courses.
@randy74989
@randy74989 Жыл бұрын
Totally different careers: Accounting is a narrower field that focuses on professional processes to manage numbers and accounts, while finance uses the same information to analyze potential growth patterns in order to strategize company finances.
@grandy
@grandy Жыл бұрын
Hey you didn't mention the certification for the financial analyst...only thr accountant...but I suppose it will be the CFA or FRM
@nursenasdaq
@nursenasdaq 2 жыл бұрын
Thank you! Best review so far. I am a nurse going back to school for career change!
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Glad it was helpful!
@abcdefg12369
@abcdefg12369 3 жыл бұрын
If accounting and finance were the only two jobs left in the world, Do you think it’s worthy to have 20% less salary being an accountant than fiance in order to have more stable, more comfortable tasks at work and you can have time for personal life? Or is it worthy to step out of the comfort zone to get that extra 20% $ by doing fiance, but end up not having a life outside of work, and stress at your work? I’m an introvert too! Material wise, which one is harder? Please also talk about bonus. In what categories do they evaluate you and the amount $. Is bonus quarterly and annually.. and salary raise.
@TheFinancialController
@TheFinancialController 3 жыл бұрын
I personally take the 20% haircut and enjoy a personal life, family etc
@Alumiss682
@Alumiss682 3 жыл бұрын
Is Financial Analyst/FP&A true finance though? It seems more like management accounting to me. When I think of 'Finance', I think of investment and corporate bankers, private equity and hedge fund analysts, credit rating analysts or those that work in M&A/corporate development.
@dietcokeisdelicious5006
@dietcokeisdelicious5006 3 жыл бұрын
Managerial accounting and finance are basically the same.
@MaritzaMendoza1018
@MaritzaMendoza1018 3 жыл бұрын
Thank you this video was very helpful. I did emphasis in finance and later I decided if I should do accounting or not and decided I wanna do accounting. I have a question. If I have already taken managerial accounting and financial accounting, how many more units do I need to complete the required accounting units that I need.
@roce6296
@roce6296 4 жыл бұрын
I just started an accounting class and it's hard as hell
@TheFinancialController
@TheFinancialController 4 жыл бұрын
This is normal. It will start to make sense by accounting 201 level courses, I promise ;)
@roce6296
@roce6296 4 жыл бұрын
@@TheFinancialController yea im taking 200 and its like learning a new language. Plus its online so its difficult to self learn.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
It’s hard bc it’s worth it :)
@mrLWC
@mrLWC 4 жыл бұрын
Accounting classes are harder than working in accountingz. Sap makes it like that.
@roce6296
@roce6296 4 жыл бұрын
@@mrLWC so your telling me the daily work is not as complex as the school work?
@naazhabibi4568
@naazhabibi4568 4 жыл бұрын
Hi thank you so much! Would you say that these 2 majors are the best to go for in business? Accounting and finance. Money wise and jobs, etc.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Absolutely! I would even favor accounting more because the finance knowledge can be obtained later when you work at a company
@lifewithcarlo
@lifewithcarlo 3 жыл бұрын
@@TheFinancialController Love it. If one wants to advance to a finance role, would they need to go back into education or it highly depends on the company?
@mildredgutierrez2763
@mildredgutierrez2763 2 жыл бұрын
Thanks a million! This helps me a lot for making a big decision.
@moundkallefbenoit313
@moundkallefbenoit313 2 жыл бұрын
How much analysis is involved in accounting? Do accountants purely follow rules, create financial statements and make sure that there are no errors in these statements or do accountants also analyze financial statements and make recommendations based on their analysis to the company? Or are these tasks limited to finance? I know based on this video that accountants’s role isn’t to make future predictions/project how the company will do in the future but I was wondering how much they are involved in commenting on the financial situation of a company in the here and now. And if they are involved in these tasks would these responsibilities only fall on senior accountants and managers or can junior accountants also be involved in the analysis of those statements?
@aminaadam3617
@aminaadam3617 2 жыл бұрын
Hello M.If your working in a big firm/organisation,the senior accountants will involve you in the analysis and some times get you to do all the 'work' especially when your real smart and organized.But usually SA get all the final reports from the junior accountants and make the analysis.They are most times not involved in the final recommendations.
@moundkallefbenoit313
@moundkallefbenoit313 2 жыл бұрын
@@aminaadam3617 thank you for taking the time to reply!
@Eda-j5t
@Eda-j5t 4 жыл бұрын
What if i want to do a double major in accounting and finance .does it mean i can become an accountant and also do something else in the finance field
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Yup
@raghibhussain7252
@raghibhussain7252 3 жыл бұрын
Tbh acct is for introverts I’m glad I went to finance thank God
@phongluunguyen512
@phongluunguyen512 4 жыл бұрын
It's clear and understandable. Thanks for your video.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thanks Phong!
@TWCTradez
@TWCTradez 2 жыл бұрын
Definitely the move to be a financial analyst
@zoyal2523
@zoyal2523 6 ай бұрын
Greetings Sir! I'm planning on majoring in accounting but am confused on choosing my minor in MIS or Finance. So for MIS the pro can be the technical skills that I can gain which will help me win against the automation in accounting since accounting is getting automated. The con might be that MIS is coding and maths heavy. Is the math more difficult in MIS or Finance? As for finance I feel like if I someday would want to work as an investment banker or any other finance roles, I wouldn't be able to do so if I choose MIS as my minor instead of Finance. And can I develop the technical skills that would help me win against the automation by doing some certificates in IT instead of minoring in MIS? I feel like I can later on develop tech skills but can't go back to do a minor in finance. What would be your advice? I would highly appreciate your answer❤
@willframe9149
@willframe9149 3 ай бұрын
I would be more specific about stress levels. I think in Public Accounting stress levels are a-lot higher then in private because there are more deadlines
@zeroplayss
@zeroplayss 4 жыл бұрын
First view and subscribed. Well done &' keep the good stuff comin
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thanks man
@jrmjay9478
@jrmjay9478 2 жыл бұрын
So if I understand you correctly, a financial accountant only keeps track of what has or is being done while the financial analyst focuses on how to make more money? So do we need different degrees for each of those careers? I’m currently studying accounting but the salary for financial analysts is very appealing to me. so if get my bachelors in accounting, would I still be qualified for a financial analyst job?
@geethapapa
@geethapapa 4 жыл бұрын
That was so helpful. I am about to start my career in accounting and researching a lot. I think that suits me better than finance. Fist step is to get a career as a staff accountant taken off before venturing into finance though i have a finance degree. They always ask for experience as accountants before giving role of financial analyst.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I agree, financial analysts who have an accounting background tend to know how to read financial statements, retrieve financial data, and know accounting rules. All great attributes. Go for it and best of luck! Tune back in for more videos ;)
@enockrono5717
@enockrono5717 2 жыл бұрын
Hello sir..Thanks for the video but I have a question. If I decide to choose finance over accounting in my degree and do a CPA will it be important than choosing accounting ? Or its better do accounting and become a CPA?
@J10-f4s
@J10-f4s 2 жыл бұрын
I hope he answers your question. Would love to read his feedback.
@LearkaAlbert-qo4qn
@LearkaAlbert-qo4qn Жыл бұрын
Thanks Master for helping me to study accounting im motivated thanks alot
@everythingyouneed3992
@everythingyouneed3992 2 жыл бұрын
Thanks brother, today I fully understand what exactly finance person job and accountant.
@ananthurajagopal9854
@ananthurajagopal9854 4 жыл бұрын
This is an underated channel!
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I agree ;)
@SetYourBarTo10
@SetYourBarTo10 Жыл бұрын
Subscribed. I see that this video is three years old…looking forward to catching up on newer content.
@MrBalor89
@MrBalor89 Жыл бұрын
Nice of you to explain how to become a financial accountant, but not do the same for analyst 😞
@danladiojito9741
@danladiojito9741 5 ай бұрын
Accountant also go further to analyse , summerise and report business transactions etc...
@jonathanfrey6144
@jonathanfrey6144 Жыл бұрын
I did Roger CPA review too, it was a good course.
@yoosufv9915
@yoosufv9915 3 жыл бұрын
Thank you so much for your great video.it’s very understandable and useful information
@accmasmali
@accmasmali 2 жыл бұрын
This was a great video, i benefited a lot. Thank you.
@kunteppabisetti7596
@kunteppabisetti7596 Жыл бұрын
Thank you very much sir🤝 Actually I'm pursuing MBA and I did financial model course also but im introvert i go to accounting side so please tell me any certificate courses are need?
@adnaneelalioui1933
@adnaneelalioui1933 3 жыл бұрын
Doctor my major in economics and I have to choose a Minor , it is the appropriate subspecialty accounting? Finance ? MANAGEMENT INFORMATION SYSTEMS?
@jeccps4332
@jeccps4332 2 жыл бұрын
Which career for trading stocks or cryptocurrencys would be good for an introvert ?
@therockerfoo2339
@therockerfoo2339 2 жыл бұрын
Hello, what do you think about a B.A. Joint Emphasis in Accounting and Finance?
@mahmoudmedhat1477
@mahmoudmedhat1477 3 жыл бұрын
Very thankful for this valuable information... but I have a question if I choose accounting ..is it easier to make career shift to finance or is the better is the opposite ? ...I hope to answer
@jackblanchard3191
@jackblanchard3191 10 ай бұрын
much easier to make the switch from accounting to finance as most fimrs are looking for people with accounting knowledge.
@stella_blu6291
@stella_blu6291 4 жыл бұрын
I majored in criminal justice, when I sold my house and I got to shared the profits with the government I said hell no!! I switched to accounting I have an entry level accounting job with a better pay than when I worked for the Law enforcement I just started college again and I’m looking forward to learn the ropes of accounting and finance thank you for sharing
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Stella good for you switching career. Best of luck :)
@J10-f4s
@J10-f4s 2 жыл бұрын
Hello, how is the switch going so far?
@Hi_Google
@Hi_Google Жыл бұрын
Can you make a video on professionals switch career midway like working as an engineer transitioning to accounting. How it is perceived inside the accounting field professionals
@efeigbowe891
@efeigbowe891 Жыл бұрын
Hello sir, you talked about the certification for accounting (CPA) but didn't talk about finance. What certification in finance is recommended
@Truth-z9r
@Truth-z9r 4 жыл бұрын
Hi there ! Thanks for ur practical advice. I am 40 year old and have accounting in India, which is 3 years course. And have a 3 years work experience. My question is, should I do again do my 4 years in the USA or validate my degree from India?
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I would do a 4 year degrees the US, but transfer over the credits that they will accept, this way you can do less years (maybe 2-3 years in the US). But it's good because graduating from a US college helps with getting jobs in the US.
@LibermanConsultingLLC
@LibermanConsultingLLC 3 жыл бұрын
You could apply for a Master's degree in the US. You also might need to translate your degree in India at the US Embassy in India if they have a translator there. When you submit your diplomas to the US University, they could recommend few more credits or accept you to go for your Master's degree. Some university won't ask you to convert your degree in an US equivalent. They would accept a translation version of it if it legitimate. Don't under estimate your degrees because it was not earned in the US. Most US university accept foreign degrees unlike most US companies. Therefore, if you intend to work in the US in the field of your study outside of the US, it is a good idea to use your previous degree to study for a higher degree in the US and then apply for a job in your field instead of restudying the same thing all over.
@structlightning
@structlightning 2 жыл бұрын
Nice, just switched majors from music ed MAT to finance BA, but honestly, I only switched cuz I like talking about money. I didn't really think I'd like accounting more than Finance, and I might switch to accounting
@rahmaruun5512
@rahmaruun5512 3 жыл бұрын
Im really confused of what to major in Bachelor Degree either in Account or Finance.How do I decided
@tony8356
@tony8356 3 жыл бұрын
Great video. I know the cpa is important but my goals are not to become a manager or higher, so would the cpa be worth it for me?
@TheFinancialController
@TheFinancialController 3 жыл бұрын
CPA is only worth it if you want to be a manager or higher
@raselahammed3805
@raselahammed3805 3 жыл бұрын
Take love ❤️ Your videos are awesome and helpful. ❤️
@jogradinjj5591
@jogradinjj5591 2 жыл бұрын
Helpful video..love it when you mention but being introvert now I know this is common for Accountants like me.
@TheFinancialController
@TheFinancialController 2 жыл бұрын
Haha glad it helps
@Kodak718
@Kodak718 4 жыл бұрын
Stress level in big 4 audit will have you losing hair, literally. Long hours, multiple engagements at once, poor retention which usually puts the pressure on those who stay and the kicker less pay. It's also client facing so not the best for an introvert. The longer you stay i audit the more you get pigeon holed.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
I don’t miss those days. The grass IS greener on the other side...
@Kodak718
@Kodak718 4 жыл бұрын
@@TheFinancialController 😂 it truly is. I don't miss it either. Thanks for your videos!
@anasg007
@anasg007 3 жыл бұрын
@@Kodak718 do you think finance or accounting is more stressful?
@davidstevenchable8249
@davidstevenchable8249 2 жыл бұрын
Im studying chemistry pre-pharmacy but my two majors of choice for pharmacy is accounting or finance
@dietcokeisdelicious5006
@dietcokeisdelicious5006 3 жыл бұрын
Accounting can be automated. The people who say accounting can’t be automated are talking about managerial accounting, where the judgement is. Managerial accounting is closer to finance than accounting, therefore accounting at the end of the day will be automated. I dropped my accounting major because of accounting automation.
@MasterPandaBearChannel
@MasterPandaBearChannel 2 жыл бұрын
did you get what
@gayatrishinde7150
@gayatrishinde7150 2 жыл бұрын
Thank you sir! It is really helpful 👍
@keeponalowkey5294
@keeponalowkey5294 2 жыл бұрын
Wow thanks very much I now know where to major
@mvng06
@mvng06 2 жыл бұрын
This is a very informative video. Thank you!!
@william_ochieng
@william_ochieng 4 жыл бұрын
Great video. Very helpful, I appreciate!!
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Thank you William!
@majd9956
@majd9956 4 жыл бұрын
I'm a finance student from north africa willing to work abroad, I've heard that accounting is less competitive and more job opportunities than finance, is that right? Because i heard that working in finance abroad (especially US) is nearly impossible due to the high competition barriers (networking, top notch school ect. Are highly required) is that the case also for accounting or is it easier?
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Yes. One of the main reasons finance jobs are less than accounting jobs, is that for most finance teams there are more accountants that Are needed than financial analysts. That’s why being in accounting is more advantageous
@majd9956
@majd9956 3 жыл бұрын
@@TheFinancialController Sorry for the late reply I've graduated now and I'm planning on going to the US, and after this video i think i would be better of if i switched to accounting taking into consideration that I'm still young (22 years old) and afterwards work in accounting since it is more secure. Would you encourage me to study a masters degree in Accounting based on my finance degree or re-doing my bachelors but in Accounting? And overall do tou see this as a good plan for my future in the US?
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