A financial analyst examines current and past economic and business data to spot trends that affect corporate choices. Learn how to read financial accounts, how to work with economic data, and how to perform analytical analysis to become a professional financial analyst.

A finance professional is an important part of the business sector and every brand owner is running after one. However, many get confused between an accountant and a financial analyst; we will talk about the difference between the two to help you understand better and chose the Best MBA College in Lucknow. This post will not just explain the difference but also tell you a lot about the job role of a financial analyst. It is one of the most recommended professions after completing MBA in 2022. Let’s get you started

Are financial analyst and accountant same?

While these two professions have considerable overlap, they focus on separate aspects of money management. An accountant may evaluate a company's financial data daily, but a financial analyst looks to historical and present patterns to assist attain a future reality.

An experienced Financial Analyst is needed by a development-focused organization to oversee and coordinate all parts of accounting. The selected applicant will be in charge of doing high-level revenue, credit, expenditure, and overhead analyses. He or she will oversee the accounts payable and receivable departments and collaborate closely with top management on crucial issues such as investment funding, credit extension, and cost control. You could be a good fit for this job if you're a stickler for details and can analyze data with creativity and innovation in mind.

Financial Analyst qualifications and skills

The second thing that you must know is the qualification and skills. Education, prior work experience, certifications, and technical abilities are all examples of this. Soft talents and personality attribute that you anticipate from a successful candidate might also be included. While it may be tempting to add a comprehensive list of qualifications and skills, doing so may discourage eligible individuals from submitting. Keep your qualifications list short, but provide enough information with relevant keywords and concepts.

• Working experience in finance and/or accounting
• Complete knowledge of Quicken
• Bachelor’s Degree in Finance (MBA preferred)
• Ability to assess credit risks accurately
• A consistent track record of working with large groups or teams
• CA certification
• Multi-site experience can be a plus point
• Experience with reputed companies

Financial Analyst responsibilities and duties

Understanding the duties and responsibilities of a financial analyst is an important part of the job description. Knowing about how the job functions in an organization will help you understand what you will be signing up for.

• Financial data from all accounting divisions should be gathered and organized.
• Compile and evaluate financial data to identify inconsistencies that need to be addressed by top management.
• Manage the general ledger and spend effort on risk management, particularly when it comes to accounts receivable.
• Prepare financial reports with dependable findings for management to utilize in implementing more successful operational plans.
• Models for revenue fluctuations and increases/decreases in expenditures
• C-level executives should get EOM reports.

The tasks of financial analysts vary depending on their jobs and the time of year. Financial analysts working for publicly listed corporations, for example, may file 10-Qs with the Securities and Exchange Commission (SEC). They may also attend shareholder meetings and submit quarterly earnings reports.

Market news should be kept up to date by financial experts. They frequently do technical analysis, analyze risk in investing choices, and give management actionable information. They could also spend some of the year fulfilling continuing education obligations to keep their licenses or certifications current. Taking up this profession after MBA can turn out to be extremely promising. If you are planning to study in Best MBA College in Lucknow that can add value to your educational graph, then consider connecting with Azad Group of Educational Institutions.

Conclusion

Candidates can enroll in any of India's Best Engineering Courses to ensure a better and brighter future. All you need is the help of the top Engineering College in Lucknow, UP to make this work you have to prepare for this especially; otherwise getting a government job after B.Tech in India is difficult. Before you can apply, you must work hard and improve your technical abilities. This is because the highest age limit for government positions in India is twenty-seven years, therefore you won't be allowed to apply year after year.