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Dale Said:What are the requirements to join the US NAVY and take career in Finance & Accounting?
We Answered:Speak to a navy recruiter./
Jeanne Said:Could you please explain me what's the difference between accounting and finance?
We Answered:Very hard to answer indeed. Perhaps u can be reasonably sure that an accounts graduate knows finance (at least corporate finance, which concerns how the finances of a corporation are managed). Whereas a finance graduate, although must know some accounting, may not know accounting in as much depth as an accounts graduate does. A finance graduate, beyond knowing corporate finance, knows many other specializations in finance that an accounts graduate might know know so much. These include financial economics, financial econometrics, investment etc. No offence intended, but there are many courses that combine both accounting and finance, so such graduates have the best of both worlds.
However, you can reasonably be sure that an accounts graduate can do finance job but a finance major (without much accounts background) seldom employed to be an accountant!
Margie Said:What qualities do i need for a career in Accounting/Finance?
We Answered:Accounting / finance is actually a broad field. You can succeed with several different characteristics.
-- College degree
-- Comfort with basic mathematics
-- Like working in a professional environment
-- Can deal with a bit of pressure (or a lot in some cases)
-- Traders like taking calculated risks and working in a fast paced environment
-- Salespeople like client relationships and knowing a bit about a lot of products
-- Researchers like performing analysis on companies and keeping up with the news
-- Bankers like performing analysis in a pressure environment to bid on a deal
-- Operations professionals like designing processes and solving problems
-- Auditors like digging into the nuts and bolts of a clients' balance sheet
-- Tax accountants like knowing the ins and outs of the law as it applies to a client's needs
-- Retail bankers like working with clients on banking and investment matters
I'd suggest looking for internships in one of the fields that is of interest. That is the best way to know if you'd like a full time job or not. Most financial services and accounting firms have detailed descriptions of the various roles on their websites -- try it out.
Morris Said:What are the professional degree in Finance & Accounting that is accepted globally?
We Answered:You are right that local degrees really don't help you move internationally.. I would really say the ACCA is best for that...
I am a professional ACCA-based adviser - and I know many great programs, but the best that I know of is that of the London School of Business and Finance.
They offer full ACCA courses, and can allow you to take the whole program in 2.5 years (assuming no exemptions by the ACCA). They also have some of the highest pass rates in the industry, and are a Gold-level ACCA Tuition Partner.
The reason I think that this is the best for you is that the LSBF school offers really great ways to continue your education after the ACCA studies...
LSBF allows you to take MBA/Msc after your ACCA study. Currently they are running some great program where some students might get a very-very discounted MBA with the ACCA - but I have to discuss that with anyone interested, personally (because of the qualifications needed).
And if you don't want to study in London or Birmingham, you can take the whole course online - which is really great as well....
You - or anyone else interested in the ACCA or the school program - can contact me on Yahoo! messenger/email --- my name on both is firstname.lastname@example.org
Terry Said:How can i improve my career in accounting and finance?
We Answered:Hi gong,
Just don't miss a class. Try to understand every terminology and what it is used for. Also, when you are balancing, try to count penny to penny and check and double check all the time. Thats it.
Consequences on not understanding the terminology is that you won't be able to know where the proper entry will be - therefore you will not be able to balance no matter how hard you cry on the floor.
Understanding is the clue.
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