In today’s world, businesses and corporations are driven by numbers. Finance professionals are therefore indispensable to any company as they help companies make sense of their financial standing, monitor their monetary status and assist in making decisions that will benefit the company in the long run. Furthermore, they even help regular folks who are interested to tap the financial market or do trading such as in traders with edge to make smart trades and generate big profits.
If you have always been intrigued by money, accounting and all things related to money management, you may want to consider a career in finance. To learn more about top accounting careers and the importance of finance in business, read on.
What is Finance?
Simply put, finance is the study of money and its management. Finance professionals are responsible for managing the capital of a company by investing its funds in a way that will generate maximum profit. Finance professionals may also advise companies on how to raise funds for various projects. Companies need finance professionals because their survival is dependent on financial planning and forecasting.
Finance professionals are responsible for helping companies identify potential investments and maximize their pro fits by using their funds efficiently.
Finance professionals also manage funds and ensure that a company’s investment is secure.
Why is Finance a Good Career?
Whether you believe it or not, there is a big demand for finance experts. If you don’t believe it, then just check the following reasons why finance is a good career:
- High Salary – The salaries of finance professionals are high. Depending on the specialization, finance professionals earn an annual salary of $59,000 to $243,000.
- Great Career Prospects – The demand for financial services is increasing across the globe. This will ensure that you have a long and rewarding career.
Accountants collect, organize and analyze financial data. They suggest ways to cut costs, manage cash flow and increase profit. Accountants are responsible for maintaining the company’s books of accounts and tax filing. They are also involved in auditing a company’s books of accounts.
The following are one of the top accounting careers:
- Bookkeeping Accountants – Bookkeepers record transactions, purchases and sales and analyze the results. They make sure that transactions are recorded at the right time and in the right order. They also ensure that all financial records are up-to-date.
- Tax Accountants – Tax accountants prepare tax returns for individuals and businesses. They also advise their clients on how to reduce their tax liability.