What are Finance and Accounting Start-ups

A lot of companies are coming on an everyday basis. Finance and Accounting (F&A) are a compulsory chore for almost all businesses/firms. There are a lot of start-ups in this field with an increased level of funding/investment. With the advancement of technology, these start-up companies are providing digital solutions to everyday F&A problems. According to reports, more than one-third of the funding in the finance & accounting sector has been raised in the past two years. Let us see more about F&A start-ups.

What do F&A start-ups do?

Finance and Accounting companies are responsible for maintaining/analyzing financial statements. They help their clients in taxation. Nowadays, Finance and Accounting are faster and more accurate due to smart digital solutions. New F&A companies are coming into the market with new solutions and software which are attracting companies. These start-ups are helping companies in storing their financial information in one place and which can be backtracked on need. The F&A start-ups are also helping in representing firms in banking and finance-related negotiations. The technology has fuelled the growth of these start-ups and has removed the human labour in day to day accounting and managing financial records. The companies are profiting from the services of F&A start-ups and are saving their service, time, and money.

Pros of F&A start-ups

The new upcoming start-ups have systems which are better than the traditional methods of finance & accounting. The plus points which are attracting firms towards the F&A start-ups are as follows:

  •  With the help of dedicated software, all the financial records of any particular client are being stored in one place and can be backtracked when required. New F&A companies are providing secure storage of data/information. F&A companies are also able to do data recovery in case of any emergencies.
  • Modern F&A companies are also helping their clients in generating profit. Besides maintaining a financial record, they give insights on profit-generating assets. Firms use the services of an F&A professional to find out the loss-generating assets/services.
  • F&A start-ups help their clients in comparing the financial process term wise or year wise. A company can whether it is on track or not.
  • In case of any financial disputes, F&A companies help their clients to sort it out. All financial records are maintained and are produced in case of any dispute.
  • Good and correct financial information helps firms in getting loans/investment.
  • With the use of digital solutions, F&A start-ups are providing faster & accurate taxation and asset management process.

Skills Required for F&A Problems

  • Finance and Accounting can be a hectic job, one must be good at analytics, maths, and should be able to understand/manage financial statements. If you are looking to start a new F&A based company, you can learn more about it by doing a Finance and Accounting course. There are many courses available on the internet to choose from.
  • Companies look for F&A firms to outsource their Finance and Accounting-based work. With the help of outsourcing, they can focus on their core job. F&A start-ups hire smart and intelligent employees who have good analysing skills.
  • There are rules and regulations related to finance and taxation in every country. A company that is not in the field of finance and is producing a lot of revenue will need F&A experts for auditing and financial forecasting. The demand for skilled F&A professionals is increasing which is resulting in a lot of F&A start-ups.
  • Staying on top of your finance helps in raising capital. There is a lot of increase in financial complexity and it is nearly impossible to audit huge financial accounts without technology. F&A technology has helped in creating smart automated systems that can reduce human labour. The introduction of Artificial Intelligence has helped in automating financial processes like auditing, budgeting, etc.

F&A start-ups are in huge demand due to their effective solutions to various finance-related problems. This article was all about the introduction of F&A start-ups and some key insights in the F&A market. I hope it helps!

What Are The Best Courses For Finance?

Finance is one of the most sought-after education fields and short-term certifications in the domain are quite popular nowadays. These online finance courses provide a candidate with the necessary skills in a short amount of time and can be pursued conveniently along with studies or a job. Even if you are just looking to move up the ladder in the finance industry, these online finance courses can immensely help.

financial Analyst courseYou can opt for a financial analyst course or a chartered financial analyst course to give your career a necessary boost. Read on to know more…

Why Pursue a Course in Financial Analytics?

Financial analytics is used to provide different insights on financial data. It gives in-depth knowledge and helps take strategic actions against the problems to improve the overall performance of any business. Financial analytics is majorly a subset of business intelligence (BI), and enterprise performance management (EPM). It impacts almost every aspect of any business and is hence one of the most coveted fields today.

 

A chartered financial analyst course, or for that matter any of the good financial analyst courses will help you bag a good job in this field. Let’s discuss some courses for financial analyst jobs with the best financial analytics course syllabus available online.

Best Finance Courses

Here are some of the best online courses available in the field of finance:

Financial Analysis Prodegree

This course is offered in collaboration with KPMG, which is a leading professional service and accounting firm in India. This course in finance is hands down the best financial analyst course you can take up to either start a career in finance or just give a boost to your existing portfolio. It covers areas and topics of investment banking, private equity, and corporate finance in its financial analytics course syllabus and helps you learn job-relevant and field-related technical skills.

PGP in New Age Banking

The financial analytics course syllabus covers a wide range of topics and helps you develop various technical skills in the area of finance. The modern job of financial analyst requires candidates to be equipped with the correct and right training in this highly competitive market, to move up the corporate ladder. And, this course provides just that. It is certified by NMIMS and offers assured placement.

MBA in Investment BankingIt provides dual certification with an MBA in banking and finance management. Business economics, financial accounting, and analysis, marketing of financial services, corporate finance, financial institutions, and markets are just some of the topics covered under this program to boost your knowledge.

This course also covers topics like business communication and business law to make you even more eligible for jobs in the corporate sector.

As business analytics plays a very crucial role in evaluating the profit of any business, the demand for qualified professionals in this field is increasing. It is imperative that you choose a course for financial analyst which features a comprehensive financial analytics course syllabus, covering all essential topics. A good chartered financial analyst course will help you answer every business question related to the domain you are in and provide the best options for your company.

Types of Investment Banking Jobs in India!

With a growing number of MNCs and financial institutions looking towards India to establish middle-level offices and even geographically beneficial fully functional head offices, this rapid change is opening up more career options and opportunities for Indian investment bankers who have just finished investment banker courses or are experienced personnel coming with finance and banking backgrounds.

This is leading to new and better prospects for students who have pursued investment banking courses in India. Investment banking jobs are highly respected job roles, and the field is greatly appreciated and looked up to in an economic powerhouse such as India.

If you want to go for Investment banking courses online, then you should also look into the certificate in investment banking course details.

Investment Banking Course with placement in IndiaInvestment Banking Analysts and Associates

Investment Analysts are tasked with creating presentations, analytics, collecting the company’s historic data, valuation of assets, credit analysis, and creation of financial statement models. Investment banking analysts are at the beginning of their careers which also translates to them handling most of the work.

Investment banking courses with placement or investment banking courses online are a great way to get introduced to investment banking and get hired in top corporations. Banking courses after graduation are highly recommended to join one of the top companies as an investment banking analyst or associate.

Investment Bankers and Managers

Investment bankers handle important deals and maintain relationships with clients; they are tasked with corporate executive management as well as handling portfolios. They help in making important decisions during economical changes or market shifts. Investment bankers predict the requirement of raising capital for companies or leveraged buyout and assist during mergers and acquisitions as well.

They provide analytical, financial, and legal assistance during deals and also act as mediums in many of these cases. Investment banking courses in India can help take up the different aspects of these jobs. Banking courses after graduation are great for a future as an investment banker.

Here are a few specialized fields for investment bankers:

  1. Mergers and Acquisitions

In this field, investment bankers are required to give advice on the buying and merging of different companies and to give assistance during these deals. A good hold of financial modeling training is recommended for this area of specialization.

  1. Underwriting

During underwriting, investment bankers are tasked with assisting the government or a corporation to raise capital. These kinds of investment bankers specialize in equity or debt.

  1. Venture Capital

The jobs in this department involve investing in start-ups, new projects, ideas or concepts, and growing businesses. This requires predictive and analytical forecasting skills.

  1. Private Equity

Jobs in Private Equity firms involve researching, analyzing, and investing in pre-established organizations and projects.

Conclusion

The general investment banking course duration applicable for most banking courses after graduation does not extend for too long and instead helps in the long run during the career path of individuals in the finance sector or people from other sectors as well.

Investment banking course fees are quite nominal and the ROI or return-on-investment on these Investment banking courses with placement is quite high. Investment banking course fees are worth the expense and investment banker courses online make these courses easy to access. It is recommended to research the preferred certificate in investment banking, course details, and the investment banking course duration to properly plan out your career choices.

What Excel Skills are Most Valuable For Finance and Accounting?

Finance and accounts are the two most essential functions of any organization. Also, these departments come with a lot of different job opportunities due to the growing popularity and demand for finance management. We are moving towards a world where technology is being integrated with all functions and departments of an organization.

The same is the case with finance and accounting. Technology is being increasingly used in these two departments. Also, this integration is making work and operations smoother than ever.

What is Finance?

Finance is a multifaceted term but it largely involves the management of money and other financial securities. It also includes activities like funding, investing, budgeting, forecasting, etc. Finance is a function of all kinds of organizations. Investment banks and private equity firms are specialised institutions solely working in the field of finance. They provide risk advisory and security management services to other companies.

What is Accounting?

Accounting takes care if the recording aspect of these financial transactions. It is a process by which all the business transactions are recorded using an integrated system. Accounting is a complex process. Different companies follow different accounting methods and frameworks. Recording transactions is a very important part of any business and the accounting function takes care of it. Finance and accounting course will give an insight into these two functions and a knowledge of how things work.

Excel skills required for Finance and Accounting

Excel is one of the most popular tools used in all kinds of companies. The finance and Accounts department has made the best use of this software as it provides an easy and comprehensive platform which makes it simple to manage the day to day transactions. Some of the most important skills that a finance and accounting professional should know are listed below. These skills are taught when you enrol for a finance and accounting course.

  1. Functions and Formulas: Excel has this unique inbuilt feature where you can apply mathematical and statistical formulas to compute different results. These formulas are in numerous. Therefore, you should have a basic understanding of how these are to be used for the values and results you need. These formulas provide great utility and save a lot of time.
  2. Charts: Companies use different charts and visualization tools for data analysis. Therefore, it is important to have a fair idea of how these data visualization tools work. These help in the graphical and pictorial representation of different data sets and are the most commonly used tools.
  3. Pivot Tables: These tables are becoming increasingly popular as different data sets can be represented using one single multi-utility table. Pivot tables provide useful insights to accounts and finance professionals. Therefore, it is important to know how to use these tables. It is equally important to know how to make these tables to make your life simple at work.
  4. Conditional formatting: This feature of excel has transformed how finance and accounting professionals operate. With conditional formatting, the cells can be customized if they meet a pre-defined criterion. Your cells might have a red color in case of a loss and green in case of profits. It all depends on predefined conditions.
  5. Data to Table option: You can easily transform different data sets into meaningful tables depending on the data points you want in your table. You can easily insert a table in your excel sheet by pressing Ctrl+T.

Excel is in demand in all kinds of companies. Therefore, you need to learn these skills and use these techniques to stay job-ready. Also, you can learn the skills mentioned above to use the software effectively.

Difference between Finance & Accounting

Finance and accounting are often used interchangeably and viewed in the same context. From a layman’s point of view, it might seem like the same thing but there’s a big difference between these two disciplines. What is the difference between finance and account? It’s an age-old question that is often put forward by those who have little to no idea as to what these two fields entail.
At first glance, it might look like the same because both of these disciplines deal with financial data for organizations. However, the difference between both the disciplines is enormous and they have a different role to play. Accounting is more about keeping the record of financial data as per rules and guidelines whereas finance deals more with aspects like financial analysis, how the investments are made and other important monetary aspects. Let’s delve deeper into the subject to explore the key differences between finance and accounting.
How do they differ?

Some of the major differences between finance and accounting are mentioned below.

  1. Finance tilts towards the future and accounting towards the past
    So if you look from a broader perspective you will find out that finance is more about the future prospects of an organization whereas accounting deals with the financial events that have already taken place in the past. You will see financial professionals are more engaged with sourcing capital and identifying profitable investment avenues that will give a good return in the future.
    Most professionals in the finance domain such as financial planner, investment banker or financial advisors deal with future monetary planning. Accountants, on the other hand, have to record the data of financial transactions that have taken place in the past. Accountants tend to track and record these financial data for analyzing any discrepancies or fraudulent transactions. They deal with maintaining financial statements such as cash flow
  2. Different specializations available in finance and accounting domain
    You can choose your specializations in both fields depending upon your interests. Some of the major specializations in finance include public finance, corporate finance and personal finance. Personal finance is all about finance decisions related to a particular individual. This includes aspects such as education financing, retirement planning, personal savings, life & property insurance, estate planning, etc. Corporate finance is all about handling the finances of an organization. It includes finding profitable investment avenues and maximizing returns.
    Public finance specialization deals with funds of the state, it includes providing financial guidance to government and related bodies to maximize their returns. When it comes to specialization in accounting, there are four major categories financial accounting, management accounting, tax accounting, auditing & insurance, etc. Financial accounting is the most common of them all and deals with preparing financial statement and reports for an organization.
    Management accounting is also related to guiding organizations to meet their overall financial objectives. The activities include budgeting, cost allocation and cost-benefit analysis. Tax accounting, auditing and insurance deals with accounting for tax-related purpose, it deals with inspecting the company’s financial records to check if they are following the industry guidelines and accounting practices. It has a very broad scope.
  3. Different professional qualifications and regulatory bodies
    The finance and accounting disciplines have different qualifications that an individual can pursue as per his/her interest. They can choose finance and accounting courses as per their personal preference to learn about the field. Those who want to pursue a career in finance can opt for qualifications such as Chartered Financial Analyst (CFA), Certified Financial Planner (CFA), Registered Financial Planner (RFP), etc. Those looking to pursue professional qualifications in accounting can choose from qualifications such as Chartered Accountant (CA), Chartered Institute of Management Accountants (CIMA), etc.

Also Read: What Does Finance and Accounting Do?