• Oxbridge Researchers
Finance and Accounting

Finance

The academic pursuit towards a degree in Finance is one that is concerned with the development of knowledge and competence across a diverse range of advanced mathematical concepts and applications, spanning across the areas of Calculus, Statistics, Numerical Analysis, and other areas in applied mathematics. It is given that a student of Finance must possess the necessary mathematical aptitude for the course of study. However, the usually conception of mathematical aptitude being the only essential quality towards successfully completing a degree in Finance is false. Aspiring students in this field of study should realize from the onset that obtaining a degree in Finance requires articulate writing ability as much as it does mathematical talent. This is because while the requirements of initial core subjects in Finance are limited to the understanding and application of mathematical principles relevant to Finance applications, intermediate and senior level core subjects typically stipulate the completion of written projects that attempt to translate mathematical results to reports that are suitable for the levels of understanding possessed by non-mathematically inclined business professionals, clients, and the general public. Many of these writing outputs test the ability of the Finance student to explain Finance concepts and quantitative applications in common language, a task which they are also expected to be called on to do once they graduate and enter the different professional industries available to them.

A degree in Finance can cover one of various possible majors. These include Banking, Corporate Finance, Financial Services, and Investments. In each of these majors, the writing tasks required differ but are nonetheless extensive. Banking and Corporate Finance papers usually analyze finance operations of specific institutions to determine means through which such operations can be improved from a Finance perspective. Financial Services reports and research papers apply theories of risk in the formulation and discussion of insurance models and conduct critical quantitative analyses on how particular situations impact such models. Investment papers include portfolio proposals which require persuasive writing ability meant to convince hypothetical clients on particular ventures. At the graduate and postgraduate levels, written output analyze the theories and concepts of Finance themselves, and draw conclusions on the relevance of their continued application and propose measures for their improvement. Advanced majors in Finance can focus on particular industries such as Real Estate, or on a particular area such as Finance Analysis or Finance Modeling.

Accounting

A university degree in Accounting is an academic endeavor that develops a student’s ability to communicate financial information about a business entity and the implications of such information to different relevant individuals and groups, such as the managers of the business entity, the business entity’s shareholders, and business regulating and monitoring government agencies. Thus, it can implicitly drawn that Accounting majors are required to build competence in the accomplishment and analysis of different mathematical procedures and processes that are internally or externally relevant to diverse business types, and in the representation of these accomplishments and analyses in written means that the different relevant entities can conveniently understand. Preliminary core subjects in this field of study focus more on computational routines, such as the preparation of balance sheets, profit and loss statements, and auditing documents. However, intermediate and senior level course subjects delve more into the presentation of accounting output to diverse audiences. In these subjects, the students would be typically tasked to prepare reports articulately explain the current financial status of particular hypothetical or real business institutions. Furthermore, students are also normally tasked to prepare oral presentations of their findings, using computer software such as Microsoft PowerPoint as the platform on which their output would be presented. The style of writing in these reports and presentations need to be direct and coherent. While students are not actually required nor desired to display creative writing abilities, they are nonetheless expected to articulate descriptions and inferences in crisp and flawless writing. Thus, the idea that a major in Accountancy does not require the development of superior writing ability is not true. On the contrary, clear and precise writing competence is required for the successful completion of many Accounting core subjects.

There are various specializations that students in accountancy can select in their academic pursuit. These specializations include corporate accounting, public accounting, auditing, management accounting, and so on. Each of these specializations requires different types of written output which are nonetheless extensive in terms of their length and depth of application of accounting concepts. Research critiques of academic and business articles on accounting are also common requirements across all accountancy specializations.