Andes
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Finance and accounting are two major aspects of managing business operations. In their respective capacities, they are largely interdependent. That is why many universities in the UK, US, Australia and other education hub nations, offer courses that combine these two subjects. Accounting can be defined as the process of recording, classifying, reporting, and analyzing money. The function of an accountant is to capture and record all financial transactions, operations, and activities. Financial management depends heavily on accounting to analyse and assess financial situations and devise financial plans. Issues like weighing the costs of new ventures, participating in strategies for mergers and acquisitions, quality management, tracking financial performance, tax strategy etc. while falling in the ambit of finance, have their basis in accounting. Accounting and finance together make for the core business activities of any organization. They are implicitly involved in facilitating operations like payroll, purchasing, revenue distribution, fund allocation etc., controlling and assessing organizational performance. They serve as a basis for managerial decisions regarding company finances. So, it is clear that this subject has immense importance and application in the world today. As the European job market is languishing in the debt crisis, these courses focus heavily on employability and instil students with skills that would help them in their professional careers.
The undergraduate courses are usually 3-4 years long and would include the following in a semester-wise manner. In the first year, the course would include - introduction to financial accounting; introduction to management accounting; business environment; business information systems; organisation behaviour; law for business; quantitative methods or quantitative analysis; language. In the second year subject may include financial accounting; management accounting; finance; company law; options. In the third year, subjects may include theory and practice of financial reporting; corporate finance; accounting for management decision-making; theory and practice of taxation auditing. In addition, students would also be required to do dissertations or comparative analysis studies. If you need accounting and finance assignment help then contact us at the finance assignment help site.
