Finance

Digital advancement and enhanced Financial Technology are rapidly revolutionising the financial for working professionals from personal finance to commercial institutions. In particular, two developments are driving this digital revolution: leveraging in a massive gig worker market and the growing power of giant internet companies.

Many people have this question in mind while entering into Data related fields. These two are different job profiles but the destination or career path is one and the same.

Both are good career opportunities but you need to decide between the two based on your goal on what you want to become. Here we have discussed both the roles thoroughly.

The main responsibility of a credit analyst is to examine an individual's or company's creditworthiness. Credit analysts collect all the financial information from customers, such as earnings and repayment history, to make evaluation of their ability to meet various financial obligations.

A borrower's previous financial and credit history is examined by a credit analyst to determine their financial health and ability to repay the credit extended by a lender. Commercial and investment banks as well as private equity firms typically hire credit analysts.

Financial modeling is the process of constructing a spreadsheet that contains a summary of company’s expenses and earnings that may be used to evaluate the impact of a future event or a decision.

 For all the business executives, a financial model can be useful in a variety of ways. It is commonly used by financial analysts to examine and forecast how future events or executive choices will affect a company's stock performance.

Financial accounting is a type of accounting that requires documenting, summarising, and reporting transactions resulting from business operations over a period of time. Such activities are documented in the preparation of accounts, which include the balance sheet, income statement, and cash flow statement, all of which reflect the company's financial results over a specific period of time.

Cash flow chart is a significant document that helps in implementing or understanding the financial management of a firm. Cash flow chart traces all the origins and the uses of cash of a particular period. It aids in tracking all cash flows, cash receipts and disbursements for a particular period. It helps in explaining how one passes from the balance sheet of the year X-1 to the balance sheet of the year X. This is the reason why it is said that it primarily provides a dynamic view of balance sheets.