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@TheFinancialController3 жыл бұрын
oh and happy learning :)
@bilalahmedkhattak81903 жыл бұрын
you got one subscriber sir thank you for given such important information regarding account finance
@bilalahmedkhattak81903 жыл бұрын
I had done bcom in Pakistan as a bachelor degree what should i do next
@DR.VonDoom242 жыл бұрын
I have a question, I have an accounting background and bookkeeping certification. However, i want keep going would I be better off getting a Masters in Finance or an MBA concentrated in Finance. Thanks in advance sir.
@shanicegrande86312 жыл бұрын
I’m getting an A.A in Accounting and then when i transfer to university i’m getting a B.A in Finance🥰
@l-Lucid-l4 жыл бұрын
Thank you for mentioning introvert vs extrovert, no one does. Definitely rather work a job good for introverts
@TheFinancialController4 жыл бұрын
Thanks Jorge. Go introverts:)
@AN-jb7dc2 жыл бұрын
Thank you for including the term "introvert" in your description of the distinctions. I'm an introvert who loves finance, so I'm combining the two and studying for the CFA and CPA exams.
@TheFinancialController2 жыл бұрын
That’s great. Best of luck
@feliciafel19732 жыл бұрын
Yes me too, I am an introvert as well. Gonna study for the CFA first then tackle the CPA
@YouTubeChannel22962 жыл бұрын
@@feliciafel1973getting a CPA and CFA is not worth it practicality wise, however if you’re doing it for the personal education and name then it is. CFA will teach you how to invest and analyze risk. CPA will strengthen everything accounting. I don’t think having both provides any advantage in the workforce.
@CM-oe9ky2 жыл бұрын
@@feliciafel1973 I'm doing both as well. I would just suggest that you switch the orders of them. The CPA exam process can be completed in 12-18 months if you're already educated, but the CFA exams tend to take several years to complete. Also, they're changing the CPA exams in 2024, so if you're already educated in accounting you probably aren't prepared for the new CPA exams.
@danielthomas93 Жыл бұрын
Bro an introvert seriously he is an extrovert he makes yt videos showing himself
@citizenoftheyearCC4 жыл бұрын
I have nearly 3 years of experience in F&A and can say this video is very accurate.
@TheFinancialController4 жыл бұрын
I am happy someone from the financial analysis side confirms my analysis!
@Kevinsmith-qm9ff3 жыл бұрын
i’m 15 and want to be a financing accountant when i’m older, is this a good career goal?
@abcdefg123693 жыл бұрын
If accounting and finance were the only two jobs left in the world, Do you think it’s worthy to have 20% less salary being an accountant than fiance in order to have more stable, more comfortable tasks at work and you can have time for personal life? Or is it worthy to step out of the comfort zone to get that extra 20% $ by doing fiance, but end up not having a life outside of work, and stress at your work? I’m an introvert too! Material wise, which one is harder? Please also talk about bonus. In what categories do they evaluate you and the amount $. Is bonus quarterly and annually.. and salary raise. I got a bachelor degree in accounting and debating which MS program to go for. It looks like CPA route is reasonable since I have most of the credits. I just want to hear other’s opinions!
@citizenoftheyearCC3 жыл бұрын
@@abcdefg12369 There is so many different categories of F&A and it's going to vary based on the company. For example I work in private accounting instead of public so my hours are pretty good. Those straight out of college in public make about the same as me but their chances of being promoted to a higher paying job is likely higher if they can survive the burnout. If you are introverted I think accounting is more your alley. When I worked in Finance it was a lot of meetings and presentations. My companies bonus is once a year and it pays very well, around 10%-20% of your salary depending on well you/the company did. You can make a lot of money in accounting as well. We also get raises once a year but seems like switching jobs to get pay raises is becoming the new norm.
@abcdefg123693 жыл бұрын
@@citizenoftheyearCC Thank you. In your accounting job, how many hours did you work per week (busy vs downtime season)? Did you have to work a lot outside of your work hours, such as OT? How much vocation time did you have and were PTOs easy to approve? What kind of meetings/presentations did you have and how often? Do you think you have closer relationships with your finance coworkers vs accounting since you interact with finance more or vice versa or same. Tell me about coworker relationships as well.
@glaixxagabato49813 жыл бұрын
i'm an introvert but i'm more into finance, i'll make my weakness as my strengths. thank you for the clarification between these two. it helped me a lot! you're so great!
@TheFinancialController3 жыл бұрын
Haha makes sense thanks for watching
@aleksi94702 жыл бұрын
Yes this is true to me also. I’m a bit scared of public speaking but I love the idea of working as an analyst.
@youngxneo65094 жыл бұрын
You really helped choose which career to go for, I’m about to go to college this year and I had chosen an art degree and it wasn’t sitting well for my future goals money wise. Thank you very much 🙏
@TheFinancialController4 жыл бұрын
Thanks and best of luck!
@playboi1adi2 жыл бұрын
what's ur major now?
@dantessMG2 жыл бұрын
I love the way u made ur decision; despite being able to generate more money u focused on ur life balance and happiness with respect to ur capacity
@kaitydidkaity65422 жыл бұрын
It’s been so hard finding a resource that outlined the differences in a clear and finite way. Excellent video, thank you
@scaramouche65863 жыл бұрын
thank you so much for the help! right now i’m an accounting major, but i recently took a finance class and liked it as well. i definitely think accounting is more for me given that i’m more introverted and like having a set schedule! also, the thought of predicting and advising others based on assumptions terrifies me
@TheFinancialController3 жыл бұрын
Alex you are not alone. Many finance professional dislike the forcasting/responsibility aspect as it is stressful.
@tpb1006 Жыл бұрын
@@TheFinancialController If I become a CPA, how can I open my own business? I mean doing what?
@VanessaSteele88 Жыл бұрын
@@tpb1006you can open an accounting firm or partner with someone providing accounting services for small businesses
@dianner5415 Жыл бұрын
This is one of the best videos I have found on the difference between finance and accounting. Really appreciate discussing the reasons one might choose one path over the other, and the introvert factor.
@Hartsinck13 жыл бұрын
Something they don’t tell you is that an accounting degree allows you to do anything finance can do, but finance people cannot do what accountants can do. Finance people could have to compete with accountants for jobs. Plus most CFOs and other prominent business positions have accounting degrees.
@TheFinancialController3 жыл бұрын
True!
@Rohitoh3 жыл бұрын
Wait so I can't have a finance degree and take cpa and get into accounting?
@Hartsinck13 жыл бұрын
@@Rohitoh You have to have an accounting degree and a certain number of credit hours and or work experience depending on the state as well. One you cannot be an accountant without a bachelor's in accounting and then on top of it, you need in some states a master's in accounting to be a CPA. That's because in the process of learning Accounting you learn how to do forecasting, investing, etc. which are things in Finance, but Finance does not teach you about Accounting at all. There's a reason why almost every CFO and CEO is an accountant because it's the language of business and gives you the best understanding of a business more than any other area.
@Rohitoh3 жыл бұрын
@@Hartsinck1 thank you for the detailed response, much appreciated 👍
@mystuff85793 жыл бұрын
@@Rohitoh yes you can. You will need to go for a masters in accounting at a university that allows non accounting majors to enter their program. Many exist.
@explodingswan71673 жыл бұрын
This video is what led me to your channel. I was struggling to find an accessible way to explain my change of career alignment from Accounting to FP&A to friend who isn't from our world and doesn't understand that us CPAs can do so many different things! This was spot on. I liked the part where you explain how your personality interacts better with Accounting because I'm the reverse in every way. When I was an accountant, period ends grew stale after a while and my favorite part became working with the finance team to give them some guidance on how to forecast/budget accounting adjustment accounts. I was the only person in Accountings who wanted to touch that, and the finance team hated to forecast anything accounting based (which shows how much these two things don't intersect too well) so I ended up de facto owner of many accounts during the forecast process. Interacting with the finance team led way for a career revelation and an opportunity that I'm extremely happy to have gotten. It was like a gravitational field pulling me in that direction!
@TheFinancialController3 жыл бұрын
Thanks! Yeah, forecasting is not a natural skill for accountants, but certainly can be nurtured through experience. Great insight again here, thanks for adding!
@celisye2 жыл бұрын
I agree with you 100% thanks for the video . I was always curious about working in Finance , but now by watching this video I have confirmed that accounting is my thing ! And I love it ! Thanks
@CaryInVictoria2 жыл бұрын
I forwarded a link to this video to my grandson who is about to begin studies at a business school. He is interested in accounting and finance, but doesn't have a clear understanding of how a career in one of those disciplines would differ from a career in the other. This video is a perfect introduction to gaining a better understanding of the differences.
@TheFinancialController2 жыл бұрын
Thanks! Best of luck
@Summaryofarticles3 жыл бұрын
I am great full you mentioned about introvert and extrovert. Never heard it before. I am new subscriber. I have done masters in accounting and finance and I love this profession and really want to pursue it further. I am here to refresh my knowledge. Thank you 🙏
@TheFinancialController3 жыл бұрын
Welcome aboard!
@856avinashmaurya63 жыл бұрын
Can you guide me how to choose correct part parth in accounting and finance current I am doing bachelor in accounting and finance
@Justina14ification3 жыл бұрын
Thank you for mentioning the introvert side as more preferable for accounting. Your reasons for choosing accounting aligns with mine especially #1 and #2. I always thought accountants are busy ensuring accuracy of numbers, which I considered to be stressful. With your explanation, I can imagine how more stressful the work of a FA can be. Thank you!
@TheFinancialController3 жыл бұрын
Thanks Lucia, yeah it’s hard to admit but I am a big introvert:)
@OracleBizz3 жыл бұрын
definitely finance as its forward looking compared to Accounting which only looks at the past and companies see Accounting as a cost rather than bottom line contributing factor.
@TheFinancialController3 жыл бұрын
Agreeed
@leahirons8 ай бұрын
I'm late to the party, but great video detailing the differences. I do a fantastic job (I think) pretending that I enjoy talking to people; I've had many, many years of customer service experience prior to becoming an Accountant. I actually prefer accounting because history is static. I can't make a "failed prediction" about history, but I can definitely fail at forecasting accurately with this broken crystal ball of mine 😉
@nicholasamore15083 жыл бұрын
Not going to even lie as a finance major, wish I just did the accounting field. Picking it up as a second major though
@TheFinancialController3 жыл бұрын
Nicholas you can shine in either track. Finance is sexier and you can make more money, so press on the gas and just pay your dues and great things will happen
@nyambesimangolwa5755 Жыл бұрын
Adding my comment to make them total half a thousand on this video 💪. Best video I’ve seen explaining the difference between these two. Thanks
@tudon57744 жыл бұрын
Great video. Thanks. As an auditor in big4 I'm currently hesitating accounting and finance. Your video helped me to see things clearer !
@TheFinancialController4 жыл бұрын
Awesome 👏
@abcdefg123693 жыл бұрын
If accounting and finance were the only two jobs left in the world, Do you think it’s worthy to have 20% less salary being an accountant than fiance in order to have more stable, more comfortable tasks at work and you can have time for personal life? Or is it worthy to step out of the comfort zone to get that extra 20% $ by doing fiance, but end up not having a life outside of work, and stress at your work? I’m an introvert too! Material wise, which one is harder? Please also talk about bonus. In what categories do they evaluate you and the amount $. Is bonus quarterly and annually.. and salary raise. I got a bachelor degree in accounting and debating which MS program to go for. It looks like CPA route is reasonable since I have most of the credits. I just want to hear other’s opinions!
@殡8 ай бұрын
@@abcdefg12369what ms program did you go for can we talk
@jusnaturaleАй бұрын
Hey bro did you become a CPA?
@randy749896 ай бұрын
Totally different careers: Accounting is a narrower field that focuses on professional processes to manage numbers and accounts, while finance uses the same information to analyze potential growth patterns in order to strategize company finances.
@rmmlotha12 жыл бұрын
Many thanks for making this video. I was so indecisive with my career choice and this just cemented everything I needed to know about the life of an accoutant and financial analyst.
@TheFinancialController2 жыл бұрын
Good luck Robert!
@Garceezy2713 жыл бұрын
Great job explaining both! My only comment would be to major in both. You’ll never know which one you like more until you study them.
@TheFinancialController3 жыл бұрын
You are not wrong!
@Garceezy2713 жыл бұрын
@@TheFinancialController your channel is awesome. It’s helped me so much with my MBA program so far. Thanks for replying!
@Boogie.eggooo3 жыл бұрын
I’ve been struggling on what to pick as a major for college, the video helps a lot thank you!
@TheFinancialController3 жыл бұрын
Glad you found it helpful:)
@kumarrajagoolisetty95003 жыл бұрын
Love you sir, day by day you are making my accounting life easy.👍
@TheFinancialController3 жыл бұрын
I am glad it’s helpful:)
@aceanyconcept337 Жыл бұрын
You clarified a lot of things for people considering a career in accounts or finance. Thanks!
@jigyasuprabhakar94423 жыл бұрын
Great video!! But I have few questions:- 1. How far we can go in our careers being an accountant without CPA designation? 2. Can we get finance jobs(financial analyst) after majoring in accounting or working in any public industry?
@TheFinancialController3 жыл бұрын
It's hard to reach an Accounting Manager role without CPA. I've seen very few folks who did that, and mainly because they were good with financial systems and automation. Yes, I am a big believer in going into Accounting as means to becoming an financial analyst. Watch my video on Exit from Public accounting for more breakdown.
@nyashakakwenga9527 Жыл бұрын
@@TheFinancialController is it possible to drift into finance after acquiring a degree in accounting..If so what will be the career path
@dabananaking092 жыл бұрын
I wish I would’ve watched this video before I switched my majors from Accounting to Finance last week. I relate to the introvert section so much, but the finance courses have been easier for me to understand than accounting, which makes me feel lost often. My question for you would be if you think it it’s ever too late to go into Accounting and become successful in obtaining an CPA, I probably won’t get my Bachelor’s until I’m 34 and would have to be “too old” to be starting a career in Accounting
@TheFinancialController2 жыл бұрын
The age aspect is a thing of the past. Hiring managers look for decent grades and someone who can articulate their knowledge during an interview. Go full speed brother
@tw2800 Жыл бұрын
Will you please consider making a video on the career path you would recommend for those students who want to gain practical education and work experience to ultimately prepare themselves for starting and growing their own firm? I would really appreciate this kind of video since most accounting videos focus on becoming the best employee wo discussing a strategy for developing an end goal of preparing oneself to become self employed. Thankyou!
@jjlayks3 жыл бұрын
this was so helpful, i’m so torn between which path to take & this has definitely answered a lot of the questions i have. thank you so much!
@TheFinancialController3 жыл бұрын
Best of luck JJ!
@yourhead65923 жыл бұрын
I’m deciding on what i should major in college and accounting was one of my top options. Im interested but im worried that accountants work very long hours and have no life execpt for work. I would love 40 or even 50 hours a week but nothing like 70 or 80 hours. I dont mind making less money with less hours but i dont want to risk having no life by working 80 hours a week.
@TheFinancialController3 жыл бұрын
Accounting can be 40-50 hour week if you avoid public accounting.
@lazarinatcholeva41093 жыл бұрын
Brilliant video, I really enjoyed it. Very nice presentation, with facts and reasonable opinions. I liked also your tone of the voice and clear, easy to understand English, both very important to me to be able to follow with interest. I am certainly going to see your other videos as well. Thank you indeed.
@TheFinancialController3 жыл бұрын
Thank you Lazarina!
@jeanpaulnishimirwe26093 жыл бұрын
HI, what do you think would be the reason to choose finance over accounting? I liked that you have just mentioned why you have chosen accounting over finance.
@brother-In-Christ40418 күн бұрын
Excellent breakdown, addressed everything i wanted to know
@TheFinancialController16 күн бұрын
Glad you enjoyed it!
@roce62964 жыл бұрын
I just started an accounting class and it's hard as hell
@TheFinancialController4 жыл бұрын
This is normal. It will start to make sense by accounting 201 level courses, I promise ;)
@roce62964 жыл бұрын
@@TheFinancialController yea im taking 200 and its like learning a new language. Plus its online so its difficult to self learn.
@TheFinancialController4 жыл бұрын
It’s hard bc it’s worth it :)
@mrLWC3 жыл бұрын
Accounting classes are harder than working in accountingz. Sap makes it like that.
@roce62963 жыл бұрын
@@mrLWC so your telling me the daily work is not as complex as the school work?
@abcdefg123693 жыл бұрын
If accounting and finance were the only two jobs left in the world, Do you think it’s worthy to have 20% less salary being an accountant than fiance in order to have more stable, more comfortable tasks at work and you can have time for personal life? Or is it worthy to step out of the comfort zone to get that extra 20% $ by doing fiance, but end up not having a life outside of work, and stress at your work? I’m an introvert too! Material wise, which one is harder? Please also talk about bonus. In what categories do they evaluate you and the amount $. Is bonus quarterly and annually.. and salary raise.
@TheFinancialController3 жыл бұрын
I personally take the 20% haircut and enjoy a personal life, family etc
@prashantadke5638 Жыл бұрын
such a crucial video for anyone to understand and select a career to pursue .....
@Bluesnakes3333 жыл бұрын
I majored in accounting and a major introvert. Totally agree w/ you. Took a job in finance right out of college.. worst mistake yet. Trying so hard to find an actual accounting job. Is accounts payable a good place to start? What about taking jobs that don’t require a degree, is that a waste?
@TheFinancialController3 жыл бұрын
Yes a waste of no degree required. AP is a good place to nail down the nuts and bolts, then try to get some fin reporting experience
@dhwaniskuppitorn34052 жыл бұрын
Good one sir, its very helpful for people like me .....expecting more from you , thankyou !( adding a small note : now a days accountant job also having high stress level !!)
@ATS10313 жыл бұрын
wow i think this helps a lot in terms of deciding what i want to do when im older i think im leaning more towards finance
@TheFinancialController3 жыл бұрын
Great!
@stella_blu62913 жыл бұрын
I majored in criminal justice, when I sold my house and I got to shared the profits with the government I said hell no!! I switched to accounting I have an entry level accounting job with a better pay than when I worked for the Law enforcement I just started college again and I’m looking forward to learn the ropes of accounting and finance thank you for sharing
@TheFinancialController3 жыл бұрын
Stella good for you switching career. Best of luck :)
@jessicam5222 жыл бұрын
Hello, how is the switch going so far?
@vicenteruiz38722 жыл бұрын
Great video! I am currently a financial analyst and will receive my bachelor's in May with a Major in Business Management and a minor in accounting. I am thinking of switching over to an accountant.
@rafaelantonio71282 жыл бұрын
What school are you attending if you don’t mind me asking?
@jessicam5222 жыл бұрын
What made you want to switch over to accountant?
@majidkazi5554 жыл бұрын
Thank you for clearing my thoughts, it was very informative and clear. However, which professional course would you recommend to grow a career as Financial Analyst?
@TheFinancialController4 жыл бұрын
I have seen both accounting and finance majors do well as financial analyst. Real life work experience is what counts after the 4 year degree in either major. Find a company where you can learn their busy really well and a manager/mentor who will guide you.
@geethapapa4 жыл бұрын
That was so helpful. I am about to start my career in accounting and researching a lot. I think that suits me better than finance. Fist step is to get a career as a staff accountant taken off before venturing into finance though i have a finance degree. They always ask for experience as accountants before giving role of financial analyst.
@TheFinancialController4 жыл бұрын
I agree, financial analysts who have an accounting background tend to know how to read financial statements, retrieve financial data, and know accounting rules. All great attributes. Go for it and best of luck! Tune back in for more videos ;)
@cielomendoza776782 жыл бұрын
I am currently an accounting major with the goal of become a cpa but I often struggle with the idea of if accounting will be the right career path for me. If in the future I want to switch from being a cpa to go into finance, would that be possible? Or would I have to go back to school to get a degree in finance? I ask this because from my accounting and finance classes that I’ve taken so far, the material has been pretty similar. I see myself as an extrovert but I feel that the material in accounting goes more into depth in learning concepts and is more helpful than finance. Thank you for this helpful video!
@TheFinancialController2 жыл бұрын
Hi. I’ve seen many of my friends switch to financial analysis without any extra schooling
@nursenasdaq2 жыл бұрын
Thank you! Best review so far. I am a nurse going back to school for career change!
@TheFinancialController2 жыл бұрын
Glad it was helpful!
@dietcokeisdelicious50062 жыл бұрын
Accounting can be automated. The people who say accounting can’t be automated are talking about managerial accounting, where the judgement is. Managerial accounting is closer to finance than accounting, therefore accounting at the end of the day will be automated. I dropped my accounting major because of accounting automation.
@MasterPandaBearChannel2 жыл бұрын
did you get what
@infullbloom38443 жыл бұрын
You and i share the same reasons for going into accounting 🙃. Thank you for sharing your knowledge with us.
@sokhatry87762 жыл бұрын
Your video touch to the point. I am finance manager for one NGO in Cambodia. The org just adopt of IFRS for SME for organisation. What of my concern is mistatement of information complying to the standard.
@ananthurajagopal98543 жыл бұрын
This is an underated channel!
@TheFinancialController3 жыл бұрын
I agree ;)
@ahmadyaseenyousofzai3 ай бұрын
Hey Bill, I wanted to ask your advice on something. I am a high school graduate and want to do ACCA but, with ACCA I want to pursue another complimenting bachelor degree while doing ACCA. So, I have to decide what degree to choose. I don't want to choose accounting because I will be doing it in the ACCA. Now, I can either do Finance or Business administration or Economics. Please tell me what you think and you can mention a degree that is not mentioned above.
@SetYourBarTo1011 ай бұрын
Subscribed. I see that this video is three years old…looking forward to catching up on newer content.
@MrBalor896 ай бұрын
Nice of you to explain how to become a financial accountant, but not do the same for analyst 😞
@grandy Жыл бұрын
Hey you didn't mention the certification for the financial analyst...only thr accountant...but I suppose it will be the CFA or FRM
@Purelywork Жыл бұрын
Definitely the move to be a financial analyst
@peculiarisawesome44722 жыл бұрын
Finance is a way more better degree than accounting! Finance involves creativity, problem solving, critical thinking, and analysis which none of this can be automated! Accounting, bookkeeping, and auditing are about following rules and checking for accuracy which are super easy to automate! The only type of accounting that can’t be automated is managerial accounting, where the judgement and analysis is. Managerial accounting is closer to finance than accounting, which means accounting is dead! Do yourselves a favor and save yourselves by majoring in finance instead of accounting!
@MasterPandaBearChannel2 жыл бұрын
are you sure, im switching
@oyewumicollinsikuejawa94883 жыл бұрын
Impressive distinction between Accounting and Finance, and what informed your preference . Employers often seem to prefer Financial Analyst role more as it relates with predicting and forecasting the future though. Could you share your views on what inherent factors and learning requirements to make a good Financial Analyst for one that wish to transit from Accounting?
@TheFinancialController3 жыл бұрын
Thanks. My video “5 career tips to make a move from accounting to finance” covers this question
@raghibhussain72522 жыл бұрын
Tbh acct is for introverts I’m glad I went to finance thank God
@phongluunguyen5123 жыл бұрын
It's clear and understandable. Thanks for your video.
@TheFinancialController3 жыл бұрын
Thanks Phong!
@LearkaAlbert-qo4qn10 ай бұрын
Thanks Master for helping me to study accounting im motivated thanks alot
@everythingyouneed3992 Жыл бұрын
Thanks brother, today I fully understand what exactly finance person job and accountant.
@MrInventer803 жыл бұрын
Can someone in accounting transfer into finance later in life and can a financial analyst with a degree in finance transfer to acciuntinh?
@TheFinancialController3 жыл бұрын
Accountants can transfer to finance but the reverse is hard
@structlightning Жыл бұрын
Nice, just switched majors from music ed MAT to finance BA, but honestly, I only switched cuz I like talking about money. I didn't really think I'd like accounting more than Finance, and I might switch to accounting
@moundkallefbenoit3132 жыл бұрын
How much analysis is involved in accounting? Do accountants purely follow rules, create financial statements and make sure that there are no errors in these statements or do accountants also analyze financial statements and make recommendations based on their analysis to the company? Or are these tasks limited to finance? I know based on this video that accountants’s role isn’t to make future predictions/project how the company will do in the future but I was wondering how much they are involved in commenting on the financial situation of a company in the here and now. And if they are involved in these tasks would these responsibilities only fall on senior accountants and managers or can junior accountants also be involved in the analysis of those statements?
@aminaadam36172 жыл бұрын
Hello M.If your working in a big firm/organisation,the senior accountants will involve you in the analysis and some times get you to do all the 'work' especially when your real smart and organized.But usually SA get all the final reports from the junior accountants and make the analysis.They are most times not involved in the final recommendations.
@moundkallefbenoit3132 жыл бұрын
@@aminaadam3617 thank you for taking the time to reply!
@jogradinjj55912 жыл бұрын
Helpful video..love it when you mention but being introvert now I know this is common for Accountants like me.
@TheFinancialController2 жыл бұрын
Haha glad it helps
@mildredgutierrez27632 жыл бұрын
Thanks a million! This helps me a lot for making a big decision.
@Hi_Google Жыл бұрын
Can you make a video on professionals switch career midway like working as an engineer transitioning to accounting. How it is perceived inside the accounting field professionals
@Kodak7183 жыл бұрын
Stress level in big 4 audit will have you losing hair, literally. Long hours, multiple engagements at once, poor retention which usually puts the pressure on those who stay and the kicker less pay. It's also client facing so not the best for an introvert. The longer you stay i audit the more you get pigeon holed.
@TheFinancialController3 жыл бұрын
I don’t miss those days. The grass IS greener on the other side...
@Kodak7183 жыл бұрын
@@TheFinancialController 😂 it truly is. I don't miss it either. Thanks for your videos!
@anasg0073 жыл бұрын
@@Kodak718 do you think finance or accounting is more stressful?
@jonathanhaskins083 жыл бұрын
Fantastic video, helped clear up so many questions I had as well as looking through the comments below. Quick question. For someone that has a math degree and is looking to get into accounting, what would be a good first step? Would really value your input. Thank you in advance sir!
@TheFinancialController3 жыл бұрын
Hi. Accounting is not similar to math. So this is a change of career for you. I recommend working a few days/weeks first in accounting before committing because you will need a 4-year degree which is a lot of work
@jonathanhaskins083 жыл бұрын
@@TheFinancialController Thanks for the response! Good to know. And yes, I've actually been in sales for a little over 5 years, and am looking for a big change, hopefully to something that will take full advantage my skillset and personality better. Sales has been exhausting since day one. And I really enjoy making sense of numbers, what they mean, and where they come from, so I've been looking to transition into something related to finance and accounting but havnt made permanent plans yet. Thank you so much for taking the time to reply. Sincerely appreciated 🙏
@xoxomangakcorxoxo3 жыл бұрын
I'm double majoring in accounting/finance and I'm so lost on what I want to do! Can I work in finance with a CPA?
@TheFinancialController3 жыл бұрын
Yes!
@meditationvlog91042 жыл бұрын
well explained sir,, i have recently joined a company in the UAE as a junior accountant. hope to see you with more fruitful content in the field of accounting
@user-lc5vm1gl9t Жыл бұрын
What is you qualifications ? ...
@Alumiss6822 жыл бұрын
Is Financial Analyst/FP&A true finance though? It seems more like management accounting to me. When I think of 'Finance', I think of investment and corporate bankers, private equity and hedge fund analysts, credit rating analysts or those that work in M&A/corporate development.
@dietcokeisdelicious50062 жыл бұрын
Managerial accounting and finance are basically the same.
@yoosufv99152 жыл бұрын
Thank you so much for your great video.it’s very understandable and useful information
@kartiksingh4893 Жыл бұрын
Indian CA builds in both , so i am in both . btw love the video
@ethandaniel73642 жыл бұрын
Thank you sir! I'm now gonna choose accounting than finance, less stress
@wfqsfg2 жыл бұрын
"Which career choice is better?" Take it from someone who retired from accounting and worked for a CPA firm, worked as a controller for a small company and was an internal auditor for a large company. My answer is neither is better. It depends what you want to spend most of your life doing. If you like finance then pursue that. If you like auditing, then pursue that. It depends on what you would like to do and what you would be good at.
@TheFinancialController2 жыл бұрын
Thanks for the wise perspective!
@jonathanfrey614411 ай бұрын
I did Roger CPA review too, it was a good course.
@davidstevenchable82492 жыл бұрын
Im studying chemistry pre-pharmacy but my two majors of choice for pharmacy is accounting or finance
@accmasmali Жыл бұрын
This was a great video, i benefited a lot. Thank you.
@mrvert1902 Жыл бұрын
Sir, I want to ask 2 questions please answer me ASAP please. 1. Getting job is easy in which major(Accounting or finance) in Canada? 2. I am planning to pursue business-finance diploma from Canada is it worthy? Please reply sir!
@jk_the_1min6534 жыл бұрын
Is it possible switch my career from Finance to Accounting?
@TheFinancialController4 жыл бұрын
That’s more difficult but doable. You would need to find a company that’s willing for you to learn on the job. Another option is going back to school for additional courses.
@victorcastor54223 жыл бұрын
Wonderful video, your profile seems like mine. One point that was important for my decision is the social part, that only 25% in average to time spend with colleagues it's enough . Thank yoou
@TheFinancialController3 жыл бұрын
Haha great thanks for sharing!
@kharla.974 жыл бұрын
Prior to watching this video I was worried about my career options as I major in accounting. I really enjoy the schooling so far and been able to do well but I have my worries in case I realize in the future that the traditional path most accounting majors pursue isn't for me (a lot of them go through PA which sounds scary to me). From what you've said it looks like majoring in accounting would be more beneficial in terms of flexibility? I've heard this said before - in terms of jobs/career do you agree that an accounting major has more flexibility in that they can do jobs that finance majors can do but finance majors would have to learn more if they wanted an accounting role? I hope my question makes sense hahah.
@TheFinancialController4 жыл бұрын
Great question. Yes, when hiring, I find accounting majors most versatile. When you are an accountant who does financial analysis, your knowledge of technical accounting, rules, mechanics of general ledger, etc are extremely handy and helpful in finance careers. So do your best in accounting and you can nail both.
@zoyal252325 күн бұрын
Greetings Sir! I'm planning on majoring in accounting but am confused on choosing my minor in MIS or Finance. So for MIS the pro can be the technical skills that I can gain which will help me win against the automation in accounting since accounting is getting automated. The con might be that MIS is coding and maths heavy. Is the math more difficult in MIS or Finance? As for finance I feel like if I someday would want to work as an investment banker or any other finance roles, I wouldn't be able to do so if I choose MIS as my minor instead of Finance. And can I develop the technical skills that would help me win against the automation by doing some certificates in IT instead of minoring in MIS? I feel like I can later on develop tech skills but can't go back to do a minor in finance. What would be your advice? I would highly appreciate your answer❤
@zeroplayss3 жыл бұрын
First view and subscribed. Well done &' keep the good stuff comin
@TheFinancialController3 жыл бұрын
Thanks man
@rajendrachandekar13323 жыл бұрын
Nice comparison...mainly to the point...all best for your future endeavour.
@TheFinancialController3 жыл бұрын
Thank you!
@keeponalowkey52942 жыл бұрын
Wow thanks very much I now know where to major
@loidesheyavali2534 Жыл бұрын
I'm an Accounting and Finance student
@evasutherland6034 жыл бұрын
MSc. Accounting Vs Finance: Which Should You Study?
@TheFinancialController4 жыл бұрын
Hey Eva. I believe a solid foundation in accounting makes a finance professional more marketable. I would lean toward msc accounting!
@evasutherland6034 жыл бұрын
@@TheFinancialController Thanks for your advice !!
@evasutherland6034 жыл бұрын
@@TheFinancialController CPA vs CFA, which is more valuable in your experience?
@TheFinancialController4 жыл бұрын
Eva Sutherland CPA is more of a secure route to comfortable income. CFA can be more valuable but requires you to put yourself consistently outside of your comfort zone
@evasutherland6034 жыл бұрын
@@TheFinancialController Thanks for your advice, I do appreciate it!!
@MaritzaMendoza10183 жыл бұрын
Thank you this video was very helpful. I did emphasis in finance and later I decided if I should do accounting or not and decided I wanna do accounting. I have a question. If I have already taken managerial accounting and financial accounting, how many more units do I need to complete the required accounting units that I need.
@jeccps43322 жыл бұрын
Which career for trading stocks or cryptocurrencys would be good for an introvert ?
@randomgirl80624 жыл бұрын
Really helpful, thanks a lot and please do keep coming up with more such content.
@TheFinancialController4 жыл бұрын
Sure Random Girl ;)
@harikrishnagupta2843 жыл бұрын
Excellent presentation, Thank you
@TheFinancialController3 жыл бұрын
Thanks again!
@mvng062 жыл бұрын
This is a very informative video. Thank you!!
@jeitristandecuzar6698 Жыл бұрын
Hey! This video is really beneficial. Can you please make a video about the confusion between financial management and management accounting? thankyou!
@william_ochieng4 жыл бұрын
Great video. Very helpful, I appreciate!!
@TheFinancialController4 жыл бұрын
Thank you William!
@grumysloHD3 жыл бұрын
Very helpful and straightforward video. Thank you!
@TheFinancialController3 жыл бұрын
Thanks for the support:)
@enockrono57172 жыл бұрын
Hello sir..Thanks for the video but I have a question. If I decide to choose finance over accounting in my degree and do a CPA will it be important than choosing accounting ? Or its better do accounting and become a CPA?
@jessicam5222 жыл бұрын
I hope he answers your question. Would love to read his feedback.
@raselahammed38053 жыл бұрын
Take love ❤️ Your videos are awesome and helpful. ❤️