Friday, December 17, 2010

Finance and Accounting Careers

In an Accounting Career, there are many profiles that are having different functions in different financial institutions. Accounting or financial professionals are those people who are responsible for recording and maintaining the financial report and accounts of a company. The Accounting Manager is primarily focused on financial reporting, whereas a financial manager is focused on business strategy and money management. Finance is one of the most popular choices for MBA.
An MBA in Finance can offer several career options for the young graduates. It can be an effective tool to get the required positions in the professions that are discussed below. Most prospective jobs in finance fall within investment institutions, banks, corporations, shares, and securities firms. Many finance graduates also follow careers in the consulting industry.

Let's have a look at the different job profiles for the Finance professionals.

Accounts managers
: Accounts managers work in corporate companies and perform a relative responsibility that is related to tax reporting and management. Account Managers are involved in creating income statements along with the controller and audit groups. This career path provides the positions in corporate such as corporate controller or chief finance officer. A Professional accountant, who works for a public accounting company, will perform functions that are similar to those performed by an independent tax consultant. An economics background or a background based in accounting, either a Masters degree or a finance degree, acts wonders for the candidate.

Financial analyst
: Financial analysts and managers have a profound knowledge of accounts. It helps them in their decision making that is required for the benefit of the company. However, the number one role of the financial manager is to supervise the production and finance of the company. They help in preparing account reports that help the company with business proposals, decision making, business development, and strategic planning. With the help of these reports, the financial analyst audits the company's investment, returns, and business growth. Finance management strategies are developed and implemented by the financial analyst that helps the company to grow efficiently and earn profit.

Financial analysts and managers play a vital part in global financing and fund management. Specialized knowledge in this area is an important asset to the finance manager.

Corporate controller
: These professionals are those who take care of a company's financial reports that forecast and represent the company's situation. A controller would get together a balance sheets, accounts statements, economic analyses, and organizations analyses. Finance Controllers prepare these reports for the organizations.

Financial officers:
Finance officers work on the company's financial objectives and annual budgets. The financial officer may force and implement strategies to raise the capital, company management, or manage the company's capital. Financial officers play a vital role in a company's acquisition and merger. The treasurer is required to be having treasury experience.

Cash Managers:
The Cash Manager needs to control the cash flow, both in and out accounts. He or she should be responsible for all the respective decisions taken for the sake of a company.

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