If you are ready to start your professional career, we recommend you start considering the careers with the highest demand. In that sense, two of the most required are probably business administration and accounting. The first thing to do is to know in detail the aspects related to each of these areas.
So, if what you want is to contrast these two disciplines, you have come to the right place. In this article, we show you each aspect related to Business Administration vs. accounting careers.
Business Administration Career
Through this career, the person becomes responsible for practically all business operations. One of the reasons to study business administration from ASSK academy of business management is that it offers you an overview, taking into account the different elements that interact in the operation of the organization in order to facilitate cooperation between areas.
For example, if a company’s manufacturing area is unable to fill orders because it does not have enough inventory on hand, an efficient administrative manager quickly identifies the weak link in the chain and develops strategies to ensure that adequate inventory is available at the future.
The accounting department is responsible for developing a detailed and accurate picture of the company’s financial operations. Accountants should keep track of sales and expenses, dividing these broad categories into more specific fields such as income, labor, and payroll expenses.
Additionally, if you decide to study accounting, you will be able to manage specific information about the company’s cash flows and you must ensure that it has sufficient funds to take on new ventures.
Know your differences
The accounting department tracks the financial aspects of the company, focusing on information from a specifically quantitative point of view. In contrast, management has a more general view of a company’s situation.
Accounting may show that there is insufficient income to meet daily expenses. However, from this discipline it will not always be possible to identify the origin of the insufficiency, for example, if a production line does not meet the needs of the clients. That is only possible through the career of administration.
On the other hand, from accounting you can identify if the payroll expenses are too high and interfere with the company’s income; however, it is the role of management to determine whether the additional expense is caused by one or more collaborators.
Both races share many common areas. Both administration and accounting will show you the factors that intervene in the internal workings of a company. An example of this is that the two are in charge of creating long-term budgets and strategies to improve the performance of the company, only from different perspectives.
What are your goals?
If you enjoy establishing relationships and working with people from different areas, the administration career will be the one for you. On the other hand, if you enjoy working with numbers and calculations more, studying accounting will be the best for you.
Consider that studying administration could offer you a greater variety of access points to a company, since you could start with areas such as customer service, marketing or human resources.
However, an accounting career gives you a more specialized set of skills, which means less competition for your positions. You can also opt for banking & finance courses, after studying accounting, as they are highly correlated with each other.
With the help of accounting, you can also make your career in banking field by pursuing courses related to banking.