What is Accounting, Finance and Marketing?

by David Oscar Professional Academic Writer

Accounting is defined as the process of keeping a comprehensive and systematic records of various financial transactions of an business organization. The information collected from the process of accounting can be used to analyze and summarize the information about all the transactions and can be used for various tax collection entities. On the other hand, Finance is defined as the term that broadly contains various activities that are related to banking, capital market, credit and investments. Finance is a field of study that involves management of money and the process that is required for acquiring funds in an organization. The finance sector can be divided into three categories such as personal finance, public finance and corporate finance.

Finance is also considered to be one of the important subjects for the students of commerce as it is related to investments in various liabilities and assets. While marketing is a field of study that involves management of various exchanges relationships between the organization and the service providers. It is a kind of business process that helps in building relationship with customers and it provides the processes that can be used by organizations to satisfy the customers needs. Marketing as a subject that provides details about set of activities that are being processed by the business organizations in order to enable exchange of services to the customers.

Relation between Accounting and Marketing

The accounting department in an organization helps in monitoring the financial condition of the respective organization and includes information about the financial statements that are used to provide information about companies’ financial growth. The marketing departments of an organization is responsible to monitor the processes and manage the sales in an organization. It is found that the accounting departments is found to be working hand in hand with the marketing department as it helps them in monitoring the latest trends in the business organizations and also it helps in effectively managing the promotion of products that are offered by the organization.

Relationship between Finance and Marketing

Finance and Marketing are found to be two most important pillars that plays an important role in managing the profit and growth of an organization as it helps them in producing great results. Finance sector in an organization deals with all the financial aspects of an organization that are feasibility of projects, profits, sales growth and includes details about financial growth of the organization. Whereas, the field of marketing basically deals with sales of the products that is provided by the company and also includes sales volume, sales target, publicity and advertisement of the organization.

The fields of study such as Accounting, Marketing and Finance are considered to be the important subjects for the students who are pursuing their carrier in field of Commerce. The students studying these subjects are assigned with assignments that are being provided by the educational institutions. Students while writing these assignments faces certain problems that are as follows:

Problems faced during Accounting Assignments

There are a number of problems that are being faced by students while writing accounting assignments and the problems faced are as follows:

· Selection of Topic: The business field contains a number of interesting topics but, it is seen that the topics are vast enough and the students need to have deep knowledge about the topics so that they can easily complete their accounting assignments.

· Lack of knowledge about topic: It is found that most of students do not have broad knowledge about the topics and hence it becomes difficult for them to complete their assigned work. Lack of knowledge about topics can be due to missed lectures or because of not having proper notes about the particular topic.

· Lack of guidance: One of the major problem that is being faced by students while completing their assignments is lack of guidance. The students do not have proper guidance from their teachers and due to this reason they are not able to manage their work effectively and faces difficulty while completing it.

Problems faced in Finance Assignments

· Proficiency in English: It is found that some students faces problems while doing their finance assignments as, a good assignment requires good proficiency in English so that it seems to be effective to the teacher and mentors.

· Sources: Another problem that is being faced by students while writing their assignments is related to the sources that are being selected by students for completion of the assignment. It is found that some time students are unable to select appropriate sources from where the data is to be used and hence as a result they are unable to complete their assignments properly.

· Formatting the Assignment: The major problem that is being faced by students while completing the assignments is time that is consumed while the process of formatting. The process of formatting consumes lots of time and thus it becomes difficult for students to complete their assignment on time.

Seeking finance assignment help is the best and reliable option available for the students to complete the assignments and other tasks.

Problems faced during Management Assignments

· Writing plagiarism assignments: One of the major issues that is faced by students while completing their management assignments is issue related to plagiarism. It is one of the most common problem that is faced by students as due to completing the assignments on time students by mistake copy the material form different sources and thus faces the issue of plagiarism.

· Delivering assignments on time: The students are required to follow all the necessary guidelines that are being provided by the educational institutions as it helps them in completing the assignments on time and with an excellent quality. And also the students need to manage their tasks in such a way so that they do not face any difficulty while completing the assignment on time.

Lack of Confidence: Some of the students faces problem due to of lack of confidence while completing their assignments as delay in assignments lower down the confidence of students and make them feel demotivated.