Preview

Business Analyst vs. Financial Analyst.

Powerful Essays
Open Document
Open Document
1034 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Analyst vs. Financial Analyst.
Business Analyst vs. Financial Analyst

Analyst is an essential job in our society. They make analyses to help people figure out problems, and point out a positive way to solve problems. Analysts almost apply in every different professional area, such as political analyst, military analyst, and economic analyst. They analysis all information with their professional knowledge, and then translate a certain language which everybody can understand easily. For example, social analyst can use their knowledge to analyze current social problems and provide a useful analysis to government or city hall. Then, people can understand what happen to their society. Therefore, analyst is a necessary job for our society.

For business corporations and companies, there are two important analysts for them. They are business and financial analysts. Many people, including employers and employees, don't know what these two analysts are exactly, and what different between them. However, they do exist, and they do help a corporation or company become more efficient and profitable. In other words, they play important roles in business activities. In general term, business and financial analysts have different definition for their position, different working area, and different training path, but they have the same goal--to help users have better business condition.

According to Julia Scholz, who is a successful business analyst, she said a business analyst is like a "road trip planner", helping people plan their map and route (P.1). She says, "a BA will help a user determine their wants, focus on a destination or desired outcome, outline possible 'maps' of how to get there" (P.1). Simply, business analyst is a communicator or translator to translate what employer wants to their employee. They gather all information from boss, employee, and outside world, and plan an efficient way to achieve their goal. It is not easy to be a good business analyst. Scholz lists some steps that her term and

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Relational Database Paper

    • 547 Words
    • 3 Pages

    The Analyst is responsible for research and analysis functions which may include budget tracking and financial forecasting, project evaluation and monitoring, maintaining compliance with corporate and public regulations, and performing any data analysis relevant to the…

    • 547 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Career Exploration

    • 1715 Words
    • 7 Pages

    Accounting is basically a service activity. Its purpose is to provide quantitative information that principally used by the managers, investors, tax authorities, and other decision makers to make the financial decisions within companies, organizations, and public agencies. Accounting is also widely known as the “language of business.” An accountant measures, communicates, and interprets financial activities. They prepare financial statements or reports for individuals, businesses, government agencies, or other non-profit organizations. They use the accounting systems to categorize the expenses and income to the typical groups. They also keep tract of the money received or paid out to see if the transactions are accurate and complete. Accountants are familiar with the computer operation. They use the computers, accounting software, calculators to prepare the financial statements and carry out the statistical interpretation. They require to make many various reports such as assets and liabilities, loss and profit, or other…

    • 1715 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Sls1105-12 Week12 Final

    • 675 Words
    • 3 Pages

    Accounting in general is a very important job within a company and crucial in the business world.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Infs2603

    • 2514 Words
    • 11 Pages

    * A system analyst creates value for a business and is required to have the following skills:…

    • 2514 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    From the textbook , we know managers use financial analysis to identify situations needing attention; potential lenders use financial analysis to determine whether a company is creditworthy; and stockholders use financial analysis to help predict future earnings, dividends, and free cash flow.…

    • 1372 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Research Paper

    • 1166 Words
    • 4 Pages

    On the other hand, a business analyst has a more complicated role since he or she acts as a link between management and IT. A business analyst may not be able to write the code to fix a problem but can at least come up with the concept of what the code is supposed to do. He or she can retrieve reports and data from IT and transform it into reports needed to develop a project or a plan.…

    • 1166 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Final Study Guide

    • 1271 Words
    • 7 Pages

    Business analysts: specialize in understanding business needs, strategies, and goals and helping businesses implement systems to accomplish their competitive strategies…

    • 1271 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Accounting Web Quest

    • 965 Words
    • 4 Pages

    Financial Analyst: They are in charge of general analysis of finance reports obtained from various departments such as sales, marketing, purchase, production, communication, etc.…

    • 965 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Analyst

    • 452 Words
    • 2 Pages

    ▪ Do not cut and paste answers to the questions! This is plagiarism and your grade will suffer the consequences. Use your own words to answer the questions.…

    • 452 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Accountants – They audit the financial statements of companies, ensuring that companies’ financials reflect the true state of the firm and are also in compliance with established standards. Investors…

    • 805 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The CRISP-DM Case Study

    • 872 Words
    • 4 Pages

    Business Understanding involves determining and defining business objectives in business terms, translating these to data mining goals and making a project assessment and plan. It involves many people in the…

    • 872 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Analysts do not supply the money; what they do is evaluate the situation for whoever higher them and advises them on where to invest their money or where to loan money. Typically an analyst will evaluate current and historical data, study economic and business trends, and study a company’s financial statements to determine its value.…

    • 700 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    When Accounting Out Analysis

    • 2929 Words
    • 12 Pages

    Accounting is a very important part of the business world today. It helps protect, defend, and keep businesses running. Accounting regulates businesses and makes sure everything balances out, so that things are not unfair. The role of accounting in a business is to control activities and expenditures, improvement of operational plans, accountability, reporting on project outcomes, and the writing of bids for new funds. There are many jobs that the accounting system accomplishes. Accounting has to do with the profitability of a business. It relays vital operating information to managers who need to analyze the information and make important decisions. Accountants are the "middle men" between workers and managers. They analyze the…

    • 2929 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Another job is financial analyst whose responsibilities include making cost management decisions and improving financial practices (Needles, Powers, & Crosson, 2014). Accounting manager is another job that one gets and has the responsibilities of preparing financial statements and balance sheets, maintaining financial data, filling tax returns and auditing financial documents and processes.…

    • 538 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Accounting has a primary function to provide and develop data measuring the performance and disclosure of the company or organization to assist managers, investors, tax authorities and decision makers. The individual in the role of accounting is called an accountant and he or she has the responsibility to prepare financial statements such as balance sheets, income statements, and cash flows. The different categories for accounting are financial, cost, internal and external accounting. Finance has a function of decision making. The financial manager or consultant is an individual who performs the decision making process and uses the information provided from the accountant to an organization about possible losses and profits. Finance has different ways in which businesses, individuals, and organizations allocate and raise monetary resources and this is also the usage for business purposes keeping the risks involved in mind. The different categories in which finance could be distributed are personal, public, and corporate finance.…

    • 1197 Words
    • 5 Pages
    Powerful Essays