What Is Major Difference Between Accounting And Banking & Finance

By - - [ Education ]

I have been confused all this time. 

we all know that accounting is a course in management sciences so as banking. Both requires same subject combination. 

in Nigeria anyone who studied both course can occupy the the office of:

manager 

​​​​​​cashier 

auditor 

marketer 

and so many of them. 

​these two courses are competitive and and rated high 

is there any office that an accountant can occupy that a banker cannot. 

please share your opinion on this. 

What is major difference between accounting and banking & finance - By Abdulwaheed Adegbola - 2019-10-05 15:53:20

Even though both are extremely similar in their manner of approach and discipline, there is a little difference between them in the area of job application; while bankers are only restricted to the banking system, accountant cut across various field 

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What is major difference between accounting and banking & finance - By Uwejeyah Helen - 2019-10-05 17:07:17

I think there is a little differenceson this, thou they are similar, a banker is mainly to work in bank I mean their job is restricted to bank only while accountant can work anywhere across the globe in an organization

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What is major difference between accounting and banking & finance - By Uwejeyah Helen - 2019-10-05 17:07:25

I think there is a little differenceson this, thou they are similar, a banker is mainly to work in bank I mean their job is restricted to bank only while accountant can work anywhere across the globe in an organization

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What is major difference between accounting and banking & finance - By Osas Nice - 2019-10-05 17:13:55

An accountant make do of record keeping of a business’s transactions. It keeps track of a company’s assets and liabilities, and does not influence monetary decisions.

While banker/financialist assist on how the company’s funds are managed so that it enjoys the highest level of success. Finance also studies the value of money and it changes with time.

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What is major difference between accounting and banking & finance - By Obi Chidera - 2019-10-05 17:25:41

Accounting and bank-fin are both professional courses but surely they have a difference. Accounting are mostly accountants,for banks, companies and can work anywhere but personally I believe bank fin are specifically meant for banks

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What is major difference between accounting and banking & finance - By JOSHUA ADEBISI - 2019-10-05 17:34:52

Accounting is a little quite different from banking. Banking courses focus on banking and financial activities while accounting focuses on all form of department with financial records. Accounting is a wide subject and it encompasses banking and finance.

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What is major difference between accounting and banking & finance - By Emmanuel Aibueku - 2019-10-05 17:37:56

Both are 2 disciplines that could be interrelated in some field but are specific in others. 

Both disciplines can be involved in all sectors depending on the country. 

Banking and finance are quite specific to the banking sector while Accounting are specific to other sectors but can still be use together 

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What is major difference between accounting and banking & finance - By Gabriel Obihara - 2019-10-05 19:17:44

The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.

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What is major difference between accounting and banking & finance - By Lanre Hamzat - 2019-10-05 19:52:39

There is a huge difference between an Accountant and a Banker. An Accountant can be and work as a Banker while a Banker may not have all the knowledge required to become an Accountant unless if such a person becomes a member of Ican and get certified. Secondly an accountant turns out to be an Auditor or tax consultant  while a banker may not be because they do not  possess the required knowledge to become one. 

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What is major difference between accounting and banking & finance - By Omoghwigho Samson - 2019-10-05 20:37:44

They are related actually but,they have some differences,bankers are more of managers,casheir,markeers than accountants,auditing can only be done by an accountant,no company would hire someone who studied banking and finance for auditing,never

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What is major difference between accounting and banking & finance - By PETER MMADUEKE - 2019-10-05 20:47:26

I don't really see a big difference of any sort  in both disciplines. They both play complementary roles in terms of course study and also profession. But for the promotion of best practices, ICAN was established and this gave the accountants an edge over those graduates of Banking and Finance, but the turn of event today now allows other disciplines to obtain such professional certification and in that respect, I see no difference in both. 

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What is major difference between accounting and banking & finance - By CHRISTIAN IFEANYICHUKWU - 2019-10-05 23:16:25

Accounting and Banking & Finance are two different thing all together. Banking as it implies can only work in the bank, while Accounting work beyound banks. Accounting is full time management course. Even in the Banking have area it can not work. A person that study Banking can not be a manager in the bank, but Accounting can.

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What is major difference between accounting and banking & finance - By Ajayi Raphael Adekunle - 2019-10-05 23:35:14

Banking and finance is a double major course but people did not know, banking (Banking aspect) and finance( to manage financial affairs of any organization) so I see no reason why we all are relating banking and finance to Bank only???    That's y some other institutions removed d banking and called it FINANCE.   because of this our mentality .  I want all of us here to know that Banking and finance has great job opportunities so as accounting.   So please don't restrict banking and finance graduates to only banking sector .  That's y there is Finance in their course to give them adequate knowledge in the financing of any organization.  

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What is major difference between accounting and banking & finance - By Oluwaseyi Oyedokun - 2019-10-06 00:05:42

At the basic level they all appear similar. But going deep it is different. All midfielders in football generally do the same thing but strategically they do entire different roles. Banker safe guard your money, accountant keeps track and manages. Finance is the source.

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What is major difference between accounting and banking & finance - By Okoroh Divine - 2019-10-06 01:14:21

I see a lot of people are just commenting saying banking are just restricted to the banking sector which is absolutely false. As a banking and finance study you can apply for job in any organisation as long as the position you’re applying for has to money and also he/she can also be the head of the finance in any organisation 

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What is major difference between accounting and banking & finance - By Odunoye Ibrahim - 2019-10-06 01:37:15

Accountant and banker are merely the same,  becuse  both  of them  do with calculate  an amount  of money , but the can stii work in diffrent company e.g banker can stii work in bank while accountant can work in any supermaket. 

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What is major difference between accounting and banking & finance - By Ugwuodo Stanley - 2019-10-06 01:38:19

Accounting and banking are really similar courses and in my school the student of both courses usually have combined class most of the time.As for my advice, go for banking because banking is a bit more superior to accounting in job availabilities.

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What is major difference between accounting and banking & finance - By Dalhatu Halliru - 2019-10-06 04:12:36

Exactly there are different but both of them are related,Accounting is course in which study how to calculate the and keeping the money safe.while,Banking is a place of keeping and record the money,but finance means money,that is why I said both of them there are related.

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What is major difference between accounting and banking & finance - By christopher etta - 2019-10-06 05:29:29

Accounting focuses on the day to day flow of money in and out of a company  or institution, whereas Banking and finance is the broader term for the management of assets and liabilities and the planing of future growth

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What is major difference between accounting and banking & finance - By Abdulrahman Abdulmujeeb - 2019-10-06 06:48:37

The difference is so very clear, accounting is the process of recording, maintaining and reporting of the financial affairs of an organization which shows it's financial status while finance is the management of money and investment of different individual, organization and other entities.

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What is major difference between accounting and banking & finance - By Abdulganiyu Iniahm - 2019-10-06 06:56:46

The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.

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What is major difference between accounting and banking & finance - By Rachael Omikunle - 2019-10-06 06:59:49

Accounting and Banking are related. Accounting evolves round many aspects of financial sectir more than banking. One who studies Banking and finance may be restricted to working in banks but accounting can work anywhere.

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What is major difference between accounting and banking & finance - By Damilola Talabi - 2019-10-06 08:23:57

I studied banking and finance and i am currently writing my ican i can tell you that they are widely different tho they seem similar to a layman.

there is difference between banking,finance and accounting.

banking deals with how to keep your values and get interest on keeping them,finance deals with how to raise up money or capital for your bussines how to finance your bussiness while accounting deals with how you have spent and recieved money.

in simpler way tell me say banking answers how can i store or keep my money and get profit?finance is how do i get money to sustain or start my business? Accounting is am i making profit or loss in this bussiness? They are all intertwined, an accountant cannot function with out anyof the other two that is why they offer related subjects in schools incase they job opportunity is for one position any one of them as an idea of each area and they can function.

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What is major difference between accounting and banking & finance - By Felix Linus - 2019-10-06 08:50:49

There is a slice different between accounting and  banking and finance. Banking and finance is based on banking sector while accounting is been carried out in any firm, accounting is not restricted to a particular firm unlike banking and finance.

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What is major difference between accounting and banking & finance - By Jerry ifeoluwa Adebayo - 2019-10-06 13:21:46

Both are similar, but to my own knowledge banker only works in bank, while accountant can work in different companies and organization including bank, accountant are for keeping financial records

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What is major difference between accounting and banking & finance - By Eze Somtoo Emmanuel - 2019-10-06 14:14:17

Both are similar, but to my own knowledge banker only works in bank, while accountant can work in different companies and organization including bank, accountant are for keeping financial records and documents.

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What is major difference between accounting and banking & finance - By Okoro chidiebere Henry - 2019-10-10 20:17:18

To my own understanding with the two field is that; Finance is the management of the money and the investment of different individuals, organizations and other entities whereas
Accounting is the process of recording, maintaining as well as reporting the financial affairs of the company which shows the clear.

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