Accounting vs. Finance - Which Major Is Better?
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- เผยแพร่เมื่อ 24 ม.ค. 2021
- Accounting vs. Finance - Which Major Is Better?
#FinanceVSAccountingWhichIsBetter
So what is the difference really between accounting and finance
It's pretty simple….
Accounting is about dealing with money in the past
Finance is about dealing with money in the future,
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Careers in Finance: Financial analyst, financial advisor, banker, credit analyst, wealth manager, stock broker, finance manager, insurance agent, insurance underwriter, insurance adjuster.
Careers in accounting: Accountant, financial analyst, tax specialist, finance manager.
isn't a management accountant an accountant?
Management accounting is focused on making decisions for the future.
@@gabrielbrewster4806 As long as you have experience, you can move into management.
You can get cpa with finance degree no ?
@@Hawkfeet cfa > cpa
I'm 28 and want to go back to school I'm heading more towards accounting. Its never too late I'm gonna go for it. I find accounting interesting. I'm a working women, wife mom of 1 with another on the way but anything is possible. I appreciate you sharing please keep up the videos Thanks
Do it Priscilla! Lets go🙌🏼. It's never to late. Let us know if we can help along your journey.
Great job Priscilla!!! I’m 27 and also thinking of going back to school and also leaning toward accounting I find it interesting also, and you’re my role model since I was thinking I can’t go to school, but you have motivated me to do so!
go for accounting
@@MrErick2391 what advice would u give to a a high school graduate who is interested in accounting finance?.
No one asked
Good advice, I took accounting as it was the most urgent need for my company.
Glad I found this channel!
You are the best teacher of business Ever!
I am from TANZANIA-EAST AFRICA;very interesting!!
best video found on subject, thank you.
This was good!
We need that black heights merch
🗣 we need mor black accountants.. I’m tired of being the only one in these offices 😂
😂😂😂
Aye brother I’m a junior in accounting OR. Finance. Imma join you soon haha
@@g.3067 good luck to you bro I agree I want to see more of my friends in accounting the ones I do meet always have been way cool and good people
Great Video! I majored in both! Having substantial knowledge of both areas can be very helpful, as a lot of Finance decisions are based on Financial Statements.....
Which one do you think is better
@@impo9645 Frankly, it just comes down to whether you want to dwell in the past financials or the future finances of a company.
@@saintsx1958 is there not one that's objectively better
@@impo9645which has more salary someone with an account degree or someone with finance degree
Wilmington University has an integrated course of BS Accounting & Finance. Nice way to learn the best of both worlds.
Definitely finance. Thanks for helping me!!🎉
But why ? Why not accounting, i am also interested in finance but why have you chosen this ?
@@balrajsingh7395 which has more salary someone with an account degree or someone with finance degree
I appreciate you unc lol new subscriber
I’m a junior currently studying at LSU. I started off in General Business knowing all of my early credit hours would carry over to whatever I wanted to go into, and I switched over to Finance this semester.
Great choice.
Hello I'd like to know if finance is hectic and if it involves a lot of maths?
@@lafezekangema__ I’ve found finance to be very manageable. The only math class I had to take was business calculus my freshman year. I placed out of the basic math class with my ACT score. Accounting and finance classes can involve some math though. Accounting is almost exclusively addition and subtraction. Finance sometimes involves ratios and you have to know how to calculate stuff like projected earnings, interest, dividends, etc. You’ll still have to take accounting classes as a finance major, but more finance classes than accounting.
Hello I am about to start at LSU as well, I just wanted to know how the program is. I am also not good at math but am interested in finance how intense would you say the math is?
@@lafezekangema__ Sorry for the delayed response. I think the math is very manageable. The only math class I’ve taken was my first semester of freshman year. It was Business Calculus and I passed with a B-. Any other math is simple stuff in Finance and Accounting classes. This is stuff like adding and subtracting on a balance sheet, plugging in values into financial formulas, and calculating things like rate of return which is just addition and multiplication for the most part.
took 1 course of Finance barely passed it but I came out passing with low C.. Accountant Major here
I like accounting. Are there careers in accounting where you don't have to stay in the office all day? I like to move around and talk to people when it comes to careers
I think with the pandemic you've seen most accounting jobs being done remote. Tax accountants move around a bit🙌🏾.
Ter E Rucks I realize this is many months later than your OP, but the accountants that I, and many others, use for agriculture are very frequently doing on farm visits. They spend plenty of time in their office, but they definitely spend their fair share of time on the road helping clients. This is just one guy’s personal experience and I wish you the best of luck!
Auditing requires moving around a bit and consulting also deals with more interaction with clients (most likely via zoom)
IRS Revenue Officer you do a lot of outdoor field work trying to collect taxes from individuals and businesses and your a Civil Enforcement Officer!
Had some life hits that set me back 2 deaths 22 year old in college I am about to fail a core course for the 3rd time I should of taken a break depressed now. This now means my college major of accounting is going to come to an end so I may switch to finance. It was my senior year but it all came crumbling down
Don't ever give up! I hope life gets back on track for you bro.
@@ElevateToTheUnknown thanks my man I’m going to seek help as I can’t do it on my own
you certainly should brother. Stay up!
Hope you’re doing well now!
I feel the same as you bro. I'm planning on considering changing my major
Great video I wonder what schools offer dual degrees in both without piling up student loan debt
Good question! None that I can think of meets the requirement of "without piling up student loan debt" 😂
I'm doin both
I’m 35 and planning to go back to school for accounting . I already have an entry level position, but later would love to move up into a higher position.
I am a therapist with 4 master's degrees but very underpaid. I am going into financial planning soon tho. There are a lot of issues in this counseling field. A lot of jobs dont want to pay you right. They want to work you to death without benefits and 401k and they also get mad when people don't show up to appointments(they get mad because they want to be able to bill so much per week and if the person does not show they get mad). SMH. I am going to get my financial planning certification and thats gone be it for me. I want the next 25 years of my career to be stable.
@@dalton6108 lol yep. Im a nerd.
@@dalton6108 Huh? Wthell is that? Lol.
Most therapists are pretty shitty
What type of therapist are you? I am soon gonna graduate B.S Psychology (undergrad). I fear that I might not make a lot in my field when I desperately need it.
Exactly why I didn’t go into therapy
I'm doing double major in finance and accounting 🤓
which has more salary someone with an account degree or someone with finance degree
Hi I have a question, will be I able to study finance and do well in it if I took accounting as subject in high school and struggled with it ?
How can I get 1 on 1 mentoring?
Gmat or gre is for accounting and finance.
Usually it's the GMAT but check with your school
I'm 18 and I'm curious how is it do you get both degrees? I'm a student who graduated with 10 cxc subjects but most are science subject which made it hard for me to pursue a career so I'm making a switch to account and finance but need to be pointed in the right direction.
Talk to people. Seek out people who do the careers
Which Major that have mixing Accounting & programming? Or do I need some Double Major to do that?
Check out my video is double majoring worth it.
@@ElevateToTheUnknown & Triple Major?
Ok, a Major that have accounting & programming, it is not a Double Major.
Peace
Hey man, I was wondering which one of the two do you consider more relaxed (less stressful) and also easier to do? Finance or Accounting?
Neither is relaxing. They are both difficult and demanding but that goes with big money.
Both are hard but personally I found finance slightly easier. Accouting feels like learning a new language with some mild math while finance feels like just doing more complex math and applying it to the real world. I'm not good at math either
@@sylvesterboachie-darquah9950 Yeah I'm not that good at Math's Easier I'm a C student when it comes to math.
@@Aiden_Muslim Same 😢
What if economics major and minor in finance?
Great choice
Hello im a senior in highschool and not sure on what I want. Is it hard to land a job in accounting or finance in california? What pays better?
Its not that hard to find a job in either field. Your job options will be open to the world, not just California. Finance has the higher salaries.
Which is best? Both!! Accounting for undergrad and finance for graduate school.
Hi can you explain this? What is undergraduate and graduate school?
@@jessicam522 undergraduate is like your bachelors ( 4 years ) graduate school is your masters ( 2 years )
@@fs-bn6vm which has more salary someone with an account degree or someone with finance degree
Hi I have question if u choose one of these two after graduate where do you work? In bank or company?
Either. It's your choice
Until next time ✌️
👍🏻
Do you think it worth double majoring in accounting and finance?
If you can handle it and not sure which one you want to do.
Yes. That way you can get closer credits to a quick CPA takes 2 years. Then get any finance carts like CFA or another with less school.
I'm torn between finance and accounting?
Both are great majors 🙌🏻
Get your BA in accounting. You'll have a guaranteed 50k salary waiting for you. Then, if you want, pursue a Master's in finance.
@@lycanthropic1122 I think u can more money if u pass the cpa exam
@@shehlakhan8107 what is a CPA and do u need college for this?
@@alphawavesready6639 CPA is certified public accounting
I think becoming a CPA gives you both technically.
Economics is the best
Economics is a fantastic major.
@@ElevateToTheUnknown Thank you! 😍
I'm honestly very interested in both 😥 what degree do I pursue now?
Accounting is generally more versatile
Conversely, finance is generally better earning potential.
If you’re interested in both, do a double major.
I’m an iGCSE student and accounting is one of my subjects and I absolutely love it! However where I live accountants aren’t paid a lot and I’m much likely to get a higher salary in finance, I don’t know what finance is about tho. If it’s similar to economics, I don’t want it. What should I do?
Become an accountant and move to the places they are paid higher.
Accounting has a great mobility potential. Accountants even often move overseas and find new work quite easily.
Your accounting earning potential is not limited by your current location.
@@ElevateToTheUnknown Ohh nice! And I heard that accounting is more for you if you like a more structured work, but it’s also repetitive and I’m afraid that I’ll regret choosing it. I’m also considering marketing, but I don’t know. I still have 2 years to decide so I guess I shouldn’t stress too much about it
Which has more math?
They are about just about the same.
Finance
Finance but accounting is very detailed and lengthy in contrast with finance
STEM is anyday better
✌🏿
Neither. Economics all day.
😂
isn't a 'management accountant' an accountant?
Management accounting is focused on making decisions for the future.
These comparison videos (all over youtube) are overly simplistic and misleading IMO
Is the comparison between management accounting and accounting or is it between finance and accounting for people deciding on which degree to get?
@@ElevateToTheUnknown
If the topic is just about which degree to get?
Then (It seems) students can never know what they will enjoy, until they are already in it and want to switch degrees/ majors/ careers because it's nothing like what they thought it would be.
I am thinking:-
1. financial accounting
2. management accounting
and
3. finance should ALL (three) be compared side by side.
so a distinction between a "Management Accountant" vs "Financial Analyst" could be brought forward, because I can't find these two ideas being compared anywhere.
But, in all of these comparative videos between Accounting and Finance, the idea that "Finance" focuses on the future whilst "Accounting" focuses on the past is heavily promoted.
Please put your reply in Chatgpt and ask it to correct and simplify your response and then edit this comment with what is returned.🤷🏾♂️
@@ElevateToTheUnknown I thought my reply was quite simple.
What does it mean to get a minor in something? What is the difference from a degree?
Well you can't get a minor without having a major so a major is the primary field of study and a minor is the secondary field of study. Do a quick google search and it will explain it.
@@ElevateToTheUnknown Thank you so much for your reply! I now understand. 👌🏼
❤❤ 🇵🇰 🇵🇰 🇵🇰 Nice information
Thank you so much for the explanation I just graduated high school and thinking to enter business school and do finance 🤍✨