Finance Questions

Posts Tagged ‘finance degrees online’

Question: What Are The Similarities And Differences Between An Accounting, Finance, Mathematics, And Economics Degrees?

Answer: I think a brief description of each type of degree would be useful for you.

Mathematics - I don't know much about this, to be honest. But I would imagine that a maths degree would be one where you are trained in maths and numbers and how they related to different situations. It teaches you analytical thinking and problem solving.

Accounting - When a company does business, in very simple terms, money goes in and money goes out. Accounting deals with determining when, where and how much money has gone out. It summarises all this information and then it gives advice on what to do in the future.

Finance - When people invest, they want the highest return at the lowest price. When people want others to invest in them, they want to get the highest price possible. Finance deals with the conflict between these two parties.

Economics - This looks at how behaviour in markets affects the welfare of different societies. It also tries to understand why things in markets happen the way they do, the implications of everything that happens and what this might mean for the future.

I guess you could say that all these degrees use numbers. Some more than others.
I think that Accounting, Finance & Economics are similar in that they deal with the commercial world. So the basic ideas in those three are somewhat similar. There is maths involved in Accounting, Finance & Economics, but not to the level in an Mathematics degree.

I'm not sure I've answered your question. But I do hope that I helped somewhat!

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Business, Accounting And Finance undergraduate degrees at Queen's Campus, Durham University