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Business Case

Essay by   •  January 13, 2013  •  Essay  •  283 Words (2 Pages)  •  1,152 Views

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The Finance and Accounting Industry is a very broad and integrated program that prepares individuals to function as accountants and financial managers and various types of analysts. This industry consists of financial accounting, auditing, management accounting, finance and taxation, budgeting, and banking. It further consists of financial reporting, accounts preparation, financial statement analysis, decision making, investment analysis, costing, and personal and corporate taxation. This overview applies more to the private sector with some components shared by Government finance and accounting. A key difference regarding the Government sector is that finance and accounting are broken down into separate entities, even though they are connected according to the accounting ledger. You have financial services which deal solely with customer service pay issues, travel, and tax items associated with an individual. The accounting arena performs day-to-day funds control and management involving planning, programming execution, distribution and analysis for a group.

Bank of America, one of the largest financial institutions in the United States, ranks among the top ten as best in the financial industry. They operate in all 50 states and 40 countries outside the United States. They offer a full range of activities to include banking, investments, and trading for personal and corporations. One of the top accounting firms to work for according to Forbes is Ernst Young. "The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals (Goldman Sachs, 2012)." This company consistently remains in the Forbes top ten lists of best financial companies.

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