Accounting or Finance
by StudyMalaysia.com on November 10, 2016 | Top Stories
If you're trying to choose between an accounting or finance degree, read this comparison chart which we have compiled for you and you may just come to a decision more easily after.
Accounting | Finance |
What is...? | |
Accounting can be broadly defined as the preparation, evaluation and management of financial records (involves obtaining, collecting, organising, and otherwise dealing with financial information). | Finance can be described as the study and management of investments (involves the management of money). |
Job description | |
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Typical curriculum
Note: exact differences may vary from college to college as different colleges may offer different curricula for degrees with a similar name. Some colleges may combine both accounting and finance subjects into a single degree programme. |
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Where to Study? | |
Accounting Courses | Finance Courses |
Types of qualification at undergraduate level
Note: degree qualifications with a similar name may mean different things from one college to another. Do consult the programme director of the college before enrolling for the programme. |
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Examples of Accounting degrees combined with other areas:
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Examples of finance degrees combined with other areas:
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Professional bodies in Malaysia | |
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More about | |
CPA
The CPA Exam includes four major areas of testing: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. |
CFA
The CFA Exam includes sections that test ethics, securities analysis, corporate finance, economics, quantitative methods, financial reporting and analysis, equity investments, fixed income, derivatives, alternative investments, portfolio management and wealth planning. |
Possible occupations | |
Accountants, auditors, public accountants, forensic accountants, management accountants, and more. Accountants can specialise in: auditing, taxation, management consulting services, forensic accounting, litigation support, financial planning, business valuation, cost accounting, computer systems analyst, security analyst, and more. |
Financial analysts, fund managers, portfolio managers, Certified Financial Planner, and more. |
Career opportunities | |
businesses, auditing firms, consulting companies, corporations, government entities |
banking, real estate, insurance, large and small businesses, non-profit organisations, hospitals, and more. |
Personality style | |
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Holland RIASEC code | |
Accountant: Conventional, Enterprising (CE) Auditors: Conventional, Enterprising, Investigative (CEI) |
Financial analyst: Conventional, Investigative, Enterprising (CIE) Certified Financial Planner: Enterprising, Conventional Social (ECS) |
Reference:
- Aspillera, M. (2014) - What's the Difference Between Finance and Accounting?
- Hooks, J. (2013) - The Difference between Finance and Accounting Degrees.
- Top Universities (2015) - Accounting Vs Finance: Which Should You Study?
- ONet Online
- StudyMalaysia
Related articles:
- Courses and careers in accounting and finance
- Are you considering a career in accounting and finance?
- So you wanna be an accountant
- Your career in accountancy, powered by ACCA
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