accounting or finance? (1 Viewer)

[rukawasan]

im ignorant so enlighten me ppls...

what are accounting and finance actually...
from wot lil i understand... accounting's well... accounts for businesses where as finance is investment, etc... but im pretty sure im wrong... so wot are they...
n which one's better to combine with law...
also when we nominate a major when we enroll... can we change it later on or is it set...

 

[Minai]

which one is better? depends what career path u wanna take
most commerce students double major in accounting and finance anyway..

accounting is mostly to do with financial reporting, auditing, taxation, bugeting for business, profit analysis etc (ie management accounting)
finance is more investments, capital markets etc

 

[santaslayer]

i heard finance gets u da $$$$$$$
although it is true for accounting too
my friend does investments (he did a degree in finance i think) and he earns a heap!

 

[kt san]

hey ...i had da exact question in my mind
but if i do combined commerce/arts
can i still do a double major?

 

[Minai]

Originally posted by kt san
hey ...i had da exact question in my mind
but if i do combined commerce/arts
can i still do a double major?

yes
a double major in commerce and a single major in arts

 

[rukawasan]

if u combine B Com with LLB... then u can only single major rite?

also can u affirm or counter my logic since im only speculating...
cos i figure accounting major would b a much more practical with LLB cos its more a skill rather than a profession... eg.. .ull need it for conveyancing or any type of contract law(i think)... n if ur going for a management job later on... ur gona need to interpret the accounts etc... whereas finance is more professional kind of major in that u can build a career on it... but not useful as supplement to LLB...

wot do u think... right or wrong?

 

[Toodulu]

i think i'm in the wrong uni forum but errm anyway, all this talk of how useful accounting is is starting to scare me. if i know i'm not going to major in accounting, how useful is accounting 1A and 1B? would i be able to get away with just doing the two 1xxx units- management accounting concepts and financial accounting concepts (offered at usyd and they won't allow me to go on to 2xxx accounting units)

 

[Minai]

Originally posted by rukawasan
if u combine B Com with LLB... then u can only single major rite?

also can u affirm or counter my logic since im only speculating...
cos i figure accounting major would b a much more practical with LLB cos its more a skill rather than a profession... eg.. .ull need it for conveyancing or any type of contract law(i think)... n if ur going for a management job later on... ur gona need to interpret the accounts etc... whereas finance is more professional kind of major in that u can build a career on it... but not useful as supplement to LLB...

wot do u think... right or wrong?

yes single major with LLB

well, thats not really correct - accounting is a professional major, probably the most recognised business major - because by doing Accounting - ur on your way to becoming a CPA or a CA here and internationally. The common misperception by ppl is thinking Accounting is all about bookkeeping or something - its not like that, thats the kind of stuff u goto TAFE for.

Originally posted by Toodulu
i think i'm in the wrong uni forum but errm anyway, all this talk of how useful accounting is is starting to scare me. if i know i'm not going to major in accounting, how useful is accounting 1A and 1B? would i be able to get away with just doing the two 1xxx units- management accounting concepts and financial accounting concepts (offered at usyd and they won't allow me to go on to 2xxx accounting units)

Well its good to have a basic understanding, if ur doing any courses in commerce/business

 

[rukawasan]

minai... i noe this is like a chicken and egg question...
so which is better in conjunction with LLB

 

[santaslayer]

accounting.....although im not minai...lol

 

[wateva~]

ok~ accounting or finance~~ which is HARDER and involves MORE MATHS?

 

[aspect]

probably finance

with accounting you just need to add numbers up, really. the hard stuff has to do with HOW to add the numbers and display them in correct formats, and how to do it legally

 

[redslert]

with finance you're meant to choose Math1151
which is what people who do actuaries do
lol that the highest maths course

 

[Newbie]

whats with CA and CPA?
can i join both?

 

[Minai]

Originally posted by redslert
with finance you're meant to choose Math1151
which is what people who do actuaries do
lol that the highest maths course

not really
finance kids just do ECON1202 - QMA

theres not a terrible deal of maths in either finance or accounting...theres no "maths" subject in either majior, except in 1st year with QMA and QMB

Newbie: CPA and CA are professional associations for accountants..u pay to join their association to be recognised as a pro accountant..you can join either one. Im planning to be a CA

 

[santaslayer]

minai, do u know any benefits/disadvantages in joining either?...is one more internationally recognised? or does one just cost more...lol

 

[...]

Originally posted by Newbie
whats with CA and CPA?
can i join both?

CPA= Charter Practices Australia????

 

[Minai]

Originally posted by santaslayer
minai, do u know any benefits/disadvantages in joining either?...is one more internationally recognised? or does one just cost more...lol

err well I dunno really,
I kno that CA is more recognised
but apparently CPA gets u places overseas?
I think u'll need to ask an Accounting professional on this one

 

[Dingo2004]

CA is old traditional UK shit which is recognised world wide in most European nations
and USA and hongkong, singapore, malaysia.

CPA is more common in Australia.

PS: i think Finance and Economics is the same shit.

 

[Minai]

Originally posted by Dingo2004
PS: i think Finance and Economics is the same shit.

Well, when study both subjects simultenously at uni, you'll find great differences, even at 1st year level