Finance and accounts are the academic area of accounting dealing with the detailed analysis and financial reporting of specific financial transactions associated to a company. This usually includes the preparation of financial reports available to the general public for general viewing. Financial reports are produced by a company in the form of books or reports. Financial reports are prepared by a company for another party to read and analyze the information provided thereby helping companies make decisions as to what actions to take to improve their financial performance. In order to help the individual understand the concepts behind financial reports the term accounting is used.
Finance and accounts are an integral part of almost all organizations aat level 2. There are different ways in which accounts are presented to the public through various mediums. The most common form of accounting is that of the bookkeeping where information regarding financial transactions are recorded. Other forms of accounting are that of the journaling, management accounts, financial statement, portfolio analysis, and the financial reporting.
A number of top colleges and universities teach a course on finance and accounts. The topics covered in the course include taxation, business cycles, savings and loans, budgeting, venture capital, investment, mergers and acquisitions, insurance, banking, and other banking subjects. Students taking up the course to learn how to conduct financial transactions, develop an understanding of risk management and how to analyze accounting reports. Finance and accounts graduates are often able to find work in corporate firms or government agencies that require them to undertake financial analyses for their clients.
Finance and accounts students need to have a strong educational background and good grades to stand a good chance of admission into a good university or college. At the moment there is a great demand for finance and accounting graduates in the United Kingdom. According to the employers there is an acute need for qualified individuals in the UK financial services industry to fill available jobs. For that reason, finance and accounting graduates have a great chance of finding gainful employment once they have completed their studies and passed the interview process.
Finance and accounts students can also opt to take courses online aat level 3. Online education enables them to complete a full degree without having to attend regular classes. Online courses offer students a flexible schedule that allows them to work and study at the same time. Some online courses even offer courses through correspondence or telecommunication, which enables students to earn credits towards their degree in finance without having to attend regular classes.
Finance and accounting principles are taught throughout the curriculum of the BBA in Finance and Accounts program. The key topics covered in the curriculum include business case methodology, managerial economics, financial analysis, financial statement preparation, bank supervision, public accounting and business valuation. The bBA students prepare a thorough knowledge of all these topics, and then proceed to take the exam for a professional certification. Candidates who successfully pass the bBA degree exam then receive a professional credential and a license to work in the UK’s financial sector.