accounting career path vs finance career path

Accountant Career Path vs. Finance Career Path

A career in accounting and finance can be a lucrative one with great growth potential. But where do you even start? And then where do you go from there? It may seem a little overwhelming, but when you consider a career path, think about where you would like to be in 5, 10 or 15 years. Believe it or not, 15 years will go by quickly, so seek out the finance or accounting job opportunities and experience that will help you achieve your career goals. Let’s start simply by looking at the differences between accounting and finance. Accounting professionals obtain, collect and organize a company’s financial records, which finance professionals then analyze to determine the impacts of potential business decisions in order to maximize profits and reduce risk. Basically, accounting deals with the past while finance determines the future. Accounting vs. Finance Career Path – which suits you best? Think hard about where your interests lie. While some personality traits will suit a career in either accounting or finance, other specific traits and interests may indicate that you are a better fit for a certain career path. Accounting Career Personality Traits If you are a detail-oriented, self-professed math geek who loves crunching numbers and reporting accurate financial information, consider focusing your job search on the accounting sphere. Finance Career Personality Traits If you like the idea of managing money, calculating risk and have great verbal and communication skills, a career in finance might be the best fit for you. Accountant Career Path While there are several specialties within the general field of accounting, including governmental accounting, public accounting and tax accounting, this accounting career path follows the journey of a corporate finance accounting professional. Staff Accountant In this entry-level role, you will prepare and maintain financial and business transac­tions, applying accounting principles. Staff Accountant duties include work that is analytical, evaluative and advisory in nature and requires an understanding of both accounting theory and practice. You can expect a Staff Accountant salary in the range of $41,851 – $54,821. Senior Accountant Once you’ve gained 4-6 years experience as an Accountant, Read More »

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Introducing the UK and Ireland Xero Award winners

Introducing the UK and Ireland Xero Award winners

Last night we rewarded our accounting and bookkeeping partners for their hard work and dedication at the Xero Awards ceremony.  With 14 trophies up for grabs, our 2020 finalists gathered at the infamous Electric Brixton for a night filled with celebration and fun.  The night was hosted by award-winning comedian Lucy Porter, who was joined […]