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 »

The post Accountant Career Path vs. Finance Career Path appeared first on Accounting Principals Blog.

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

Partner Pages 2020: Strength in numbers

Partner Pages 2020: Strength in numbers

By Karen Bussing, Owner, Kazron Bookkeeping and BAS Services, New South Wales and Fee Bonhote, Owner, Elite Bookkeeping Solutions, New South Wales. Welcome to Partner Pages: a magazine made up of stories from the Xero Partner community, for the Xero partner community and shared as part of Roadshow Australia each year. There’s no underestimating the transformative power […]