what are the differences between an accountant and a finance officer?
I want to know the terms of reference of the two
Financial Services - 2 Answers
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Answer 1 :
Usually they are relatively the same. Though when you get down to the specifics: An accountant office will often be hired by a private company to either work with customers who need financial support. Or to help the company with it's finances. A finance officer would probably do the same thing. The difference between the two is really the same as the difference between accounting and finance. An accounting officer provides account management advice and a finance officer provides fiancancial advice. Their basically the same thing. when you go for a job in such an area, your presumed to have knowledge in the field. And can handle both accounting and finance.
Answer 2 :
An accountant is a qualifed professional, who will be a member of the relevant professional body, and will be required to follow their code of conduct when dealing with their clients. Their expertise lies in tracking and recording expenditure, advising on tax liability, recommending new ways of doing things to boost profits, reduce costs, etc. Accountants can work on their own account (or in partnership with others) to offer accountancy services to other organisations. Or they can be employed to work "in house" and look after their employer's affairs. A finance officer is an employee or member of an organisation whose job it is to look after the organisation's finances. They may be a qualified accountant, but they don't have to be. If they are not (and possibly even if they are) they will engage accountants to assist them with their work.
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