A financial analyst is concerned with forecasting what a business will do in the future, while an accountant is concerned with recording what a business did in the past. Other key differences of a financial analyst vs accountant is that an anlayst is focused on cash flow, economic value, and optimization of a business, while an accountant is focused on accruals, matching, recognition, and other pricniples.
Below is a break down of subject weightings in the FMVA™ financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
CFI is the global institution behind the financial modeling and valuation analyst FMVA Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover: