What's the difference between Finance, Banking, and Accounting? Somebody pls enlighten me..?

Question

What do you study in Finance, Banking, Economics, and Accounting respectively? What is the difference between them?

If I want to be a banker, what major do I have to take?

I am quite clueless right now, please help! Thanks much-ly beforehand! =)

Oh yeah, I wanna be a banker who specializes in foreign exchange, stock market, and stuff like that.. If that helps. Thanks! =)

Answer 1

Accounting is the gathering and reporting of financial information on companies and organizations. It deals with the preparation of statements that are used to understand the financial condition of a company at specific points in time, and its reveniues, expenses, income and cash flows over periods of time. When you study accounting you learn how to read financial statements, including the balance sheet, the income statement and the funds flow statement.

In finance, you study ways in which you can use accounting information and other information to make finnancial decisions. These decisions might include such things as determining whether to extend credit to a person or a business, determining the best way to help a company raise money, and determining whether the securities of a particular company represent a good investment.

Economics studies the broader system by which goods and services are allocated. In macroeconomics you study the structure and function of the U.S. economy, including the driving factors behind such variables money supply, interest rates, and inflation. In microeconomics you study the theory of the corporation, including production, supply and demand, and costs.

In banking you study the structure and function of the banking system, including the role of the Federal Reserve bank, the different types of banks, electronic funds transfer, and so on.

Each of these areas is different, but they are interrelated in subtle ways.

For the areas you are interested in you should take courses in accounting, economics, banking and finance, so that you have a sufficiently broad background to handle advanced coursework or on the job training. Then ideally you should major in finance (although this is not a strict requirement -- I work in finance but my undergraduate major was in economics).

Answer 2

for me i need both of them is that possible to me

Answer 3

For the best answers, search on this site https://shorturl.im/aws9b

Good question. i will try my level best to answer. i will be happy if it gives you satisfaction. Now my answer. my answer: your question is this: what is the difference between Fate and Destiny ? what is called Destiny ? That part of our lives which is decided either by our deeds in past lives or past events of this life and that is not within the control of our free will is destined. As a rule of thumb, all major events in our life are destined. These events include birth, marriage, serious accidents and illnesses. In the current era, they constitute 65% of all actions. Our destiny also determines how we react or respond to various stimuli and events. Every action of ours either creates an account or settles one. It could also be a combination of both i.e. part settling and part creating. Accounts can be positive or negative. When we are settling accounts, it is destined and when we create accounts, it is because of wilful action. We all have lived many lifetimes before our current birth. At the point in time of our first birth, 100% of our lives were determined by our wilful actions. It was like we had a blank piece of paper or a clean slate. Then as time progressed, according to the way we lived our many lives and the choices we made, we generated give-and-take accounts. We are born again and again to settle these accounts. The following chart shows how over time the accounts that we create become more and more. They eventually add to our overall account that we have to settle as our destiny in the various subsequent births we take. what is fate ? Fate is predetermined Things happen for a reason fate because it is beyond human control Fate... is the path that leads you and me. An event or a course of events that will inevitably happen in the future. The ultimate agency regarded as predetermining the course of events. The fate is something that is meant to happen-accidental-or not. Fate is something that you cannot avoid, so you might as well accept it and make the best of it. The Theory of Fate or the power of destiny and stories in support of it, in illustration of it, are intended to console and comfort the person in distress In the words of the great Thamizh poet Tiruvalluvar Uzhin peruvali yavula .... (Is there anything stronger than Fate? Even when one devises something to overcome Fate, it still will prevail invariably). Such is the recurring theme of fate all over the world. Nala-damayanti story is an example for fate. No need to repeat the story since all know this story. This episode is told by the sage Markandeya to Yudhishtran, the eldest of the Pandavas. Markandeya told him that he was not experiencing anything unusual and narrated the story of nalan and how he got trapped into playing the dice and the omnipotence of fate. When nalan deserted Dhamayanti, she told “as a result of the prevailing fate, my own king (husband) left me in the middle of the forest at night. I am crying because I can’t locate him now” In Mahabharatham, both Duryodhanan and Arjunan go to Dwaraka to seek Krishna’s help in the ensuing war. From the markandeya episode we recognise, from this legend, that fate can be conquered by several ways one of which is to have faith and pray. King harishchandra episode is held up as an example of virtue being its own reward. It was a quirky fate that the two sages had to play with the life of the king and his family. Take the episode of satyavan - savitri. Here it is a case of strong will and determination that prevailed over fate. What made Savitri choose a husband who would die soon? Fate decreed a short life for him. Did she know she would be able to conquer fate or did she take a deliberate risk? Difference between fate and destiny; Although the words are used interchangeably in many cases, fate and destiny can be distinguished. Modern usage defines fate as a power or agency that predetermines and orders the course of events. Fate defines events as ordered or "inevitable". Fate is used in regard to the finality of events as they have worked themselves out; and that same sense of finality, projected into the future to become the inevitability of events as they will work themselves out, is Destiny. In classical and European mythology, there are three goddesses dispensing fate, the "Fates" known as Moirae in Greek mythology, as Parcae in Roman mythology, and Norns in Norse mythology; they determine the events of the world through the mystic spinning of threads that represent individual human destinies. One word derivative of "fate" is "fatality", another "fatalism". Fate implies no choice, and ends fatally, with a death. Fate is an outcome determined by an outside agency acting upon a person or entity; but with destiny the entity is participating in achieving an outcome that is directly related to itself. Participation happens willfully. Used in the past tense, "destiny" and "fate" are both more interchangeable, both imply "one's lot" or fortunes, and include the sum of events leading up to a currently achieved outcome (e.g. "it was her destiny to be leader" and "it was her fate to be leader"). @Edit: you asked about the train accident and asking whether it happened because of their Destiny or Fate, all of them distained to die like that on that day. you are right. yes many died due to the train accident. Let us think for a moment about an airplane crash. An investigation after the crash may point out whether the cause is pilot error, mechanical problem, weather-related, or just plain fate (when no definite conclusion could be reached). To the western mind, assigning an airplane crash to fate is just too fanciful. There was a movie titled, "Fate is the hunter" (1964) which deals with a plane crash. we say it a fate. The most learned and pandits will say it as Destiny. Fate is the natural direction our life is heading in. This is happening anyway, whether we are conscious of it or not. It is the natural flow of life, which is set for us in the stars, and is influenced by the others in our life. whereas the destiny is when we bring our will to bear and become conscious of our thoughts, feeling and emotions; where we take an active role in life and use our own innate consciousness and awareness to choose which direction we want our life to flow in. so, the fate only played in the train accident. you asked about this: '' What is the role of horoscopes here? Can fate or Destiny cut short ones’ life, in spite of having a good horoscope showing long life? '' The horoscopes are having predictions and not 100 percent success or failure. The horscopes should be accurate upto seconds level. We see the horoscopes within 10 minits maximum or computer feedings. This is not the correct step. The role of horoscopes are very sensitive which is calculated upto correct/exact indinan standard time or the country's time. we did not give correct time. Even in hospitals, the time is the time which nurse says. so, the role of horoscopes can be used for matrimonial and that too to find any dhosha etc.,Many matching where the astrologers told they live unitedly for very long years are broken within 6 months. where was the predictions given ? what happened to them ? The role of horoscopes are nothing to do with fate. The fate is overpowering the life itself and no work to horoscopes or its predictions. Finally, the Astrology does not claim to be the answer to everything, but an analysis of your horoscope shall guide you in the right path. i wish to remind you that the '' fate '' is written by Brahmma which is sitting every head and one can not read what Brahmma wrote. If we able to know the written details of Brahmma, we can further do any actions as we wish. so, the fate is hidden in the skull. thanks for the opportunity!!!

Answer 4

www.dictionary.com