Certificate in Accounting and Finance (Accounting and Finance) at Triumphant College

What is Accounting and Finance?

Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. 

Overview

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

Frequently Asked Questions

What does accounting and finance do?

Accounting & Finance involves the concepts of money, business and management, with an emphasis on professional careers in these areas. Accounting relates to information analysis for different aspects of a business, while finance solely concerns a business’ monetary funds.

Is accounting and finance hard?

While accounting does require a complex set of skills and abilities, as well as excellent attention to detail, it really isn’t any more difficult than many of the other popular fields of study that lead to excellent lifelong career opportunities.

What is accounting and finance degree?

Accounting and finance degrees provide you with specialist knowledge of accountancy practices, commerce, industry and finance. In addition to gaining this subject-specific and technical knowledge, you’ll also develop more general skills, including: knowledge and awareness of business organisations.

Why should I study finance?

In other words, finance helps us make better decisions with our money and accounting enables us to keep track of it. You use finance in innumerable everyday financial scenarios, such as: Making a budget for your groceries. Deciding how much of your paycheck you want to save and how much you want to invest or spend.

Which is better accounting or finance?

An accounting degree allows for many more options. Finance majors have courses more focused on financial services and consultancy. Finance is a great choice for those students who want to manage current and future financials of a company or organization.

Is studying finance hard?

Finance is a moderately hard major. Finance is easier than STEM subjects but more difficult than liberal arts majors. Most students find a finance degree difficult because of the moderately complex mathematics involved, the interdisciplinary approach, and the unfamiliar concepts and vocabulary included in the major.

Is accounting good career?

Accountants play an incredibly important role in every organization, making this a great career for anyone who wants to work in an important position. Salaries for trained accountants are quite high, which means this is an excellent industry for anybody looking to maximize earning potential.

Is finance a good career?

A career in finance is exciting and rewarding, and, usually, very lucrative. It attracts young people who are hugely ambitious but who also have a head for economics, accounting and the ability to quickly and intuitively grasp and process complex financial concepts and data. Finance is all about managing money.

Is accounting a lot of math?

Accounting isn’t hard-core math. It’s basic addition, subtraction, multiplication, and division. Possibly some light, entry-level algebra, but that’s it. You don’t have to understand calculus.

Is accounting boring to study?

People believe that accounting is a pretty boring profession, according to a recent study from the University of Essex. The study did not make absolute claims over what is and is not boring but instead delved into what people perceive as boring.

Should I study accounting?

The short answer is a resounding yes. If you want to work in accounting, finance or business, getting a bachelor’s or master’s degree in accounting is a great investment in your career.

Should I study finance or economics?

Economics offers a greater scope of studies, touching on both macro and micro economics, where finance is only one aspect. Conversely, a finance major has a narrower scope focusing mostly on how individuals and organizations use and account for monetary resources.

Does finance involve math?

Some of the main math-related skills that the financial industry requires are: mental arithmetic (“fast math”), algebra, trigonometry, and statistics and probability. A basic understanding of these skills should be good enough and can qualify you for most finance jobs.

How is math used in finance?

Using financial mathematics can help identify and manage financial risks. Financial analysts often use financial mathematics to analyze market data, find patterns in data and predict risks.

Is the math in finance hard?

While finance requires some mathematics training and some knowledge and skills in accounting and economics, it’s not necessarily more difficult than any other field of study, particularly for people with an aptitude for math.