The field of accounting and finance is vast and very diverse. If you want such a career you need to know that there are three large areas within accounting and finance that are the basis if you want a job in this field: accounting, audit and finance.
Career in accounting
Accounting deals with the administration of the financial accounts of a company. Accountants do daily accounting operations, balance sheets, track expenses and incomes, calculate salaries and pay invoices.
Those who have chosen a career in auditing control the financial records of government institutions, those of companies whose activities are subject to government regulations and taxation, or internally audit the company in which they work. The purpose of the audit is to provide assurance regarding the correctness of the financial statements produced by the accounting department of the company.
Career in finance
Financing involves the study of financial resources: how they are generated, used and administered. Finance specialists analyze income and expenses to ensure the efficient use of capital. A career in finance also means advising companies on the cost of projects and capital investments. In addition, it structures business transactions to help firms grow.
The best accounting and finance jobs are often sought after for competitive salaries and the opportunity for promotion in the career.