When it comes to choosing the right Bachelor’s degree abroad, you might get confused about Accounting vs. Finance which are often seen as the same thing, but they are more like a cake and a piece of cake. In other words, accounting is part of finance, but finance has a much broader scope and is more complex than accounting.
Accounting Bachelor’s degrees versus Finance Bachelor’s degrees
Doing a Bachelor’s in Accounting will prepare you to record transactions and analyse financial statements, in order to have a clear picture of the financial health of a company. Yes, it is a lot of paperwork and you have to be a numbers’ fan.
Doing undergraduate studies in Finance means you will learn about long-term financial and budget planning. You’ll find out how to make sure a company reaches its financial goals. Finance activities involve raising funds, and gathering cash flow info from the accounting department so you can make financial projections.
As an accountant you will deal with numbers expressing sums which reflect taxes owed, tax returns, income and revenues, and so on.
As a financial analyst you will draft budgets, compare them and come up with the best option to reduce financial risks and uncertainties.
Summing up, accounting and finance both deal with managing money, but they are used for two very different purposes. To put it simply, accounting deals more with what happened in the past, whereas finance is about making good predictions for the future.
An Accounting degree is for meticulous and practical people. A Finance degree is mainly dedicated to people that are more extrovert. It is the difference between a logician and a visionary.
Differences between courses during an Accounting and a Finance degree
Some countries have more study options in Accounting, while others in Finance. Looking at this will also give a good idea about which country has better work prospects for you. For undergraduate degrees in Accounting you can check:
- Bachelors in Accounting in the United States
- Bachelors in Accounting in the United Kingdom
- Bachelors in Accounting in Australia
- Bachelors in Accounting in Ireland
If you are planning on doing undergraduate studies in Finance, you should check:
- Bachelors in Finance in Canada
- Bachelors in Finance in the United States
- Bachelors in Finance in China
- Bachelors in Finance in the Netherlands
What are the best universities for an undergraduate degree in Accounting or Finance
As we are living in the age of capitalism, both specialisations are very in-demand on the job market. Therefore, it is no surprise that you can find Bachelor’s degrees in Accounting or Finance at almost any university. That’s why you should be careful when picking a university, trying to find out more about what it has to offer compared with others.
Some very good institutions where you can do a Bachelor’s in Finance are:
- University of South Florida, in Tampa, Florida, United States
- City University - Cass Business School, in London, United Kingdom
- Southern New Hampshire University, in Manchester, New Hampshire, United States
If you’re going for Accounting, you should consider universities like:
Job prospects with Bachelor’s degrees in Finance and Accounting
Because the two specializations differ, it is only natural that the jobs you can get also vary. Here are some typical jobs you can do with each degree:
Whatever Bachelor’s or Master's degree you choose to pursue, going the way of the numbers and learning to work with them and loving them is a future prospect that will bring you great satisfaction at the working place. So good luck and don’t forget to love what you do!