Accounting or financial management

Updated on educate 2024-05-19
12 answers
  1. Anonymous users2024-02-11

    From the perspective of university study, most of the courses of these two majors are the same. Financial management majors should study financial management, finance, and accounting; Accounting should be studied at the intermediate level of financial accounting, and financial management majors should also be required.

    To say that they are different, they are more inclined to the analysis of various indicators and are more macroscopic; Accounting is more book-oriented and more practical. Personally, I recommend majoring in accounting.

    Because what the financial management major has learned, the accounting major has also learned; International accounting, cost accounting, management accounting, etc., are elective courses for financial management majors, or they do not offer this course.

    From the perspective of employment, the employment direction of the two majors is similar, either entering an accounting firm or entering an enterprise. Of course, there are also financial management majors who have entered the ** exchange; It is easier for accounting majors to enter the "Big Four" (the world's Big Four accounting firms).

    Also, correct a misunderstanding. I think it's easier to learn financial management and become a financial leader. This is completely wrong, and it is easier to get promoted in accounting.

    Because when everybody graduates, there's never a company that hires a finance leader. Every graduate starts from the most basic, accounting major is relatively more advantageous, and slowly, the analysis of various financial indicators is not difficult, but also learned financial management, quickly learned. It's better to read a book than to learn it in practice.

  2. Anonymous users2024-02-10

    Accounting is definitely the choice to go to university!

    Let me tell you this, accounting is a subject of financial management, and financial management is not necessarily a subject of accounting! Financial management is aimed at indicators, which are relatively macro; Accounting is more accounting-oriented!

    After graduation, they all have a bachelor's degree in management, which has no big impact on future employment!

  3. Anonymous users2024-02-09

    Of course, choose financial management, financial management should not only learn the relevant knowledge of accounting, but also learn the knowledge of management.

  4. Anonymous users2024-02-08

    Accounting is the creator of information, and finance is the user of information.

    1. The work of finance is to integrate the information of all parties, organize it in a logical form, supplemented by financial analysis tools, and formulate a strategic plan that is beneficial to the enterprise.

    2. The connection between finance and accounting lies in the fact that the basis of thinking is measurable currency, and the basic requirement of accounting records is to have a measurable monetary amount, and the first step of the basic information collected in financial work is to measure its monetary amount, which is based on this, and the communication between finance and accounting will be very smooth.

    3. Finance and accounting are often compared to each other, but the information created by accounting does not mean that finance can be used directly. In some financial practices, there are significant differences between the basic principles of financial and accounting information (e.g., cash basis and accrual basis).

    4. Financial management is under a certain overall goal, on the purchase of assets (investment), capital financing (financing) and cash flow (working capital) in operation, as well as the management of profit distribution, financial management is an integral part of enterprise management, it is based on financial laws and regulations, in accordance with the principles of financial management, the organization of enterprise financial activities, the handling of financial relations of an economic management work, simply put, financial management is the organization of enterprise financial activities, dealing with financial relations of an economic management work. Expedited Customs Clearance Program ACCA's Global Private Classes College Students' Employer Express Program Weekend Face-to-face Classes Winter and Summer Vacation Crash Classes Other Courses.

  5. Anonymous users2024-02-07

    What is the difference between an accounting major and a financial management major?

  6. Anonymous users2024-02-06

    The differences between financial management and accounting are as follows:

    1. The time range is different

    Financial management is oriented to the past and must be based on past transactions or events, and is to confirm and record past transactions or events. Finance is to focus on the future, based on certain assumptions, on the basis of the analysis of historical data and the current situation, as well as the future situation and judgment, focusing on the future and decision-making.

    Whether and how much economic operations or events should occur are issues that accountants need to consider.

    2. The role is different

    Financial management mainly draws on international experience, realizes the international docking of corporate financial management, establishes a chief financial officer system, and improves the corporate governance structure. At the same time, we should study the establishment of a system for appointing the chief financial officer of the enterprise, clarify the status, role, responsibilities and work requirements of the chief financial officer, and promote the participation of the chief financial officer in major business decisions of the enterprise on behalf of the investor.

    It is to build an enterprise financial management ability certification system, improve the financial management ability of the enterprise, promote the enterprise to strengthen internal constraints and financial control, and achieve management innovation.

    The main purpose of accounting is to further improve the property rights trading market, revitalize the huge stock of state-owned capital, promote the diversification of investment entities in state-owned enterprises, form an internal restraint mechanism for state-owned enterprises with clear property rights, flexible mechanisms, and scientific management, and establish and improve a modern enterprise system through various means, such as overall restructuring and listing, and the introduction of strategic investors such as non-public economy.

    3. The salary is different

    For the training of financial management, the company will formulate a separate training plan and create a promotion channel. Enterprises will arrange different training and learning at different time nodes, so that CPAs can learn and progress together after joining the company, which is a kind of mutual cooperation and competition. Therefore, the basic salary and salary adjustment have specific time periods and inspection standards, which will be more lenient than ordinary accounting.

    Accounting is different, and the salary enjoyed has a lot to do with work experience. If you don't have work experience, you will have a low interview pass rate, but if you don't have relevant work experience, you will have a low interview rate.

    4. The training goals are different

    Financial management starts from the basic principles of accounting, to the medium difficulty of cost accounting, accounting computerization, auditing, audit case analysis, economic law, etc., and then to the more esoteric tax law, financial management, advanced management accounting and other courses. In addition, students will take some basic professional courses in other majors that have cross-cutting content, such as statistics.

    Accountants, on the other hand, mainly learn the basic theories and basic knowledge of finance and financial management, receive basic training in financial and financial management methods and skills, and have the basic knowledge of analyzing and solving financial and financial problems.

  7. Anonymous users2024-02-05

    There are several main differences between accounting and financial management:

    1. Accounting is the producer of financial information, and financial management is the user of financial information, that is, the result of accounting work is the premise of financial management personnel to make decisions;

    2. The measurement basis of accounting and financial management is different, accounting measurement focuses on historical costs, accounting is the previous cost, and fair value is also used in special cases, and the basis of financial management measurement is fair value, focusing on future costs;

    3. There are major differences in the basic principles of financial information and accounting information, accounting profits, generally accrual basis, financial management measures cash flow, and adopts the cash payment system;

    4. Accounting and financial management have different requirements for the accuracy of financial information, accounting information requires high accuracy, and must be accounted for to the corner quantile, and financial management has low requirements for the accuracy of financial information because of the problem from the perspective of management;

    5. Accounting must be carried out in accordance with the requirements of the enterprise accounting system, financial statements and other financial information should be reported to the outside world, financial management is not subject to the constraints of the enterprise accounting system, and there is no obligation to report the relevant decision-making information of financial management.

  8. Anonymous users2024-02-04

    Financial management refers to the use of management knowledge, skills, and methods to manage the raising, use, and distribution of corporate funds. Mainly in the management of the event, focusing on "reason";

    Accounting refers to the work of continuously reflecting, supervising and participating in decision-making of business activities in the form of funds. It is mainly in post-accounting, focusing on "calculation".

    The connection between the two lies in the fact that the purpose is to manage the operation of the enterprise and improve the efficiency of the enterprise; The objects pointed to are all corporate funds. In practice. The two tend to intersect with each other and do not distinguish each other.

    So, it's not hard to understand why the finance department is engaged in accounting. However, the functions and contents of the two are different. In addition, both are independent professional disciplines, and there is absolutely no question of who includes whose tax law between the two, and there is no question of whose status is higher than whom.

  9. Anonymous users2024-02-03

    Hello classmates!

    What is the difference between finance and accounting?

    1. The financial --- focuses on economic and capital decision-making, planning, planning, operation, analysis, evaluation, and risk, calculating the cost of funds, benefits, and cash time value, and preparing a complete set of capital operation management, and preparing financial plan analysis reports.

    2. The accounting --- focuses on bookkeeping, accounting, accounting, supervision, calculating product costs, company profits, and preparing accounting statements.

    3. In terms of macro analysis--- it is uniformly referred to as financial accounting work;

    The corporate finance department is usually referred to as --- includes accounting work, which is mainly responsible for daily accounting affairs and financial analysis functions.

    4. In terms of academics--- it will be divided into more subtle ways as mentioned above.

  10. Anonymous users2024-02-02

    1. Financial accounting is "looking backwards", management accounting is "looking forward", financial accounting is accounting for the business that has occurred, and financial management is focusing on decision-making for the future.

    2. Financial accounting provides comprehensive information, and management accounting provides detailed information. Financial accounting is only suitable for presenting comprehensive financial information of the entire company, and the users are external shareholders, creditors, businessmen, analysts, and senior management of the company. Management accounting can help business managers make decisions, plan and control daily business activities, and is a management tool that internal managers should use.

    3. Financial accounting emphasizes information accuracy, and management accounting emphasizes information relevance;

    Fourth, financial accounting must conform to accounting standards, and management accounting must conform to logic; The financial and accounting statements of an enterprise must be prepared in accordance with generally accepted accounting standards. Management accounting, on the other hand, is not required to strictly follow accounting standards.

    5. Financial accounting deals with vouchers, and management accounting deals with operations; The person who prepares the financial and accounting statements does not need to understand the business activities of the enterprise, as long as there are vouchers that can reflect the business activities. Management accounting serves the business activities of enterprises, so people who do not understand business activities must not be able to carry out management accounting work.

    6. Financial accounting does not involve the issue of "human nature", and management accounting involves the issue of "human nature"; Financial accounting is a kind of financial tool that is basically "right for things and not for people", which does not need to consider the incentive of people, and can complete relevant work only by relying on vouchers; The job of management accounting involves setting goals and standards for managers and ordinary employees and evaluating their job performance, which naturally involves human issues.

  11. Anonymous users2024-02-01

    Difference Between Financial Management and Accounting:

    1.Different concepts. Finance is the decision-making system for asset purchase, investment, financing, and management under a certain overall goal.

    And the currency of accounting is the main unit of measurement, the use of specific methods, the completion of the unit's economic activities, continuous, systematic accounting and supervision, through the identification, measurement, recording and reporting of transactions or events, and providing information about the unit's financial status, operating results and cash flow and other economic management activities.

    2.Different features. The basic functions of an accountant are accounting and supervision. The basic functions of finance are decision-making, planning and control, with an emphasis on the organization, use and management of funds.

    3.Accounting is the creator of information, and financial management is the user of information.

    4.From the perspective of university majors, financial management is either a direction of the accounting major, or it is independent of the accounting major, or it is independent of the finance major.

  12. Anonymous users2024-01-31

    <> difference between the nature of the work of financial management and accounting is that financial management is centered on fund management; Accountants are focused on the accounting and control of business operations, that is, financial activities. In layman's terms, the locker personnel control the flow of corporate funds; Accountants keep paper or paper records of the flow of funds.

    Financial management and accounting are two majors, accounting is in charge of money, financial management is in charge of accounting, financial management is actually similar to the accounting major, generally more than the accounting major to learn advanced financial management, financial analysis and other limited courses, in addition to mathematics and other basic courses, financial management major to learn finance, there are also management, as well as some international courses, financial management major should focus on financial analysis, analysis of the company's financial situation, Advise on the future business strategy of the company and participate in the management of the company.

    Accounting: It refers to the work of continuously reflecting, supervising and participating in decision-making of business activities in the form of funds. Mainly in the post-accounting, the emphasis is on "calculation", that is, to do accounts, make the company's invoices and other bills into accounting vouchers, and then register them in the accounts, and then prepare statements!

    Its essence is to calculate the economic business system that has occurred, so that the report user can clearly see the various businesses of the enterprise, the amount of various assets, and the income that has been realized in the current period!

    Financial management refers to the use of management knowledge, skills, and methods to manage the raising, use, and distribution of corporate funds. Mainly in advance management, emphasis on "reason".

    Compared with accounting, it tends to be the management of funds before and during use, and of course the management after use! Learn how to use the company's funds, how to raise the company's funds (when the money is not enough to spend), and after using it, reflect on whether it is reasonable to use it so much!

    Accounting and reports are the most important data for financial managers, and most of the financial management analysis is the data used in the report;

    Those who study accounting must understand financial management, and those who study financial management must understand accounting. Because, many times the two are complementary;

    The purpose is to improve the efficiency of the enterprise; The objects pointed to are all corporate funds. In practice. The two tend to intersect with each other and do not distinguish each other. However, the functions and contents of the two are different.

    Candidates majoring in accounting must set up a financial management course; Candidates majoring in financial management will also be offered an accounting course. After the candidates of these two majors graduate, the jobs they are looking for are basically interconnected. That is, candidates majoring in accounting can find jobs, and candidates majoring in financial management can also find jobs; Candidates majoring in financial management can find jobs, and candidates majoring in accounting can also find jobs.

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