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Since accounting is simply stated, the managing of finances, wouldn't accounting go under finance and vice versa?

I am very business-oriented and know that I would love a career in this field. I'm just not sure where to stamp my major. #finance #accounting

finance accounting
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Vikas’s Answer

Accounting and finance are somewhat related yet quite different. Accounting has (GAAP) General Accepted Accounting Principles) and corporations have to follow those to do their revenue, expense, cash accounting. Finance deals with numbers but can go into personal financial planning, corporate strategic plans where you do forecast and budgets but you are not as regulated on how you are reporting the numbers .


I was an accounting major, and I feel if you do that you can still have a finance understanding at the Corporate Level. However if you want to go and work for Investment banks, then finance would be a specialized subject that a lot of folks take when they specialize at the Master's level or do their MBA.
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Rose’s Answer

The simplest explanation I can give you is that Accounting deals with current and past transactions as they actually happened or are expected to happen. Finance is much broader and future-oriented, including all possible decisions and outcomes.


I studied Accounting in college, went on to get an MBA in Finance and Strategic Management, then became a licensed CPA. The two fields are very closely linked, and you have the ability to move between them during your career. At some point, you may decide to specialize, but experience in one is always relevant to the other.
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Jordan’s Answer

I am a CPA with an undergraduate degree in accounting and a boot-camp certificate. I have a strong passion for computer science and currently work in Cybersecurity.

Accounting is the language of business, and understanding how to read a P&L and Balance Sheet is a key skill for success. Finance looks ahead and creates projections for business operations. The difference between the two is like the difference between a controller and a CFO. It's important to explore the types of entry-level jobs each major offers.

Remember, it's never too late to make a change or pivot in your career. Embrace new opportunities and follow your passion!
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Haley’s Answer

Most larger universities have both accounting and finance majors, which as noted above will differ with accounting focused on presenting historical data and finance focused on projecting financial data. Smaller universities and colleges however will have either accounting or finance, and they will be structured to focus more on accounting related subjects

To get a job in accounting or finance related careers, most employers will accept either accounting or finance degrees with the same weight, and you can take the CPA exam with either an accounting or finance degree if that is your goal.
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