BusinessAccent.com: Man, mind, marketing, money and manners » entity http://businessaccent.com Find articles, tips, stories and free resources on business, management, ethics, accounting, marketing, and online money profit making success. Thu, 27 May 2010 04:30:26 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Accountant versus Business Consultant http://businessaccent.com/2009/07/25/accountant-versus-business-consultant/ http://businessaccent.com/2009/07/25/accountant-versus-business-consultant/#comments Sat, 25 Jul 2009 11:41:32 +0000 Admin http://businessaccent.com/?p=905 Yet Another Related Posts Plugin.]]> securities-buildingThis is the second article in our business face-off series. Previously, we have brought vis-à-vis the entrepreneur and the employee. This time we will bring face to face the two professionals who play very important roles in business life cycle. Accountants, as we usually know, are responsible for recording, analyzing, summarizing and reporting an entity’s economic transactions. On the other hand, business consultants are the ones who analyze an entity to search for business flaws or rooms for improvements. To better distinguish the two, let’s now start our business face-off.

Accountant Business Consultant
1. More concern on the past 1. More concern on the future
2. Focuses on quantifiable data 2. Focuses on both quantifiable and unquantifiable data
3. Uses economic and financial data 3. Uses economic, financial, psychological, emotional and social data
4. Conventional 4. Innovative
5. Conservative 5. Offbeat
6. Modest 6. Exposed
7. Must strictly comply in accordance to accounting standards 7. Complies with the need of his client
8. Less aggressive in marketing 8. More aggressive in marketing
9. More on financial 9. More on operational
10. Assures integrity, reliability and fairness 10. Assures effectiveness, efficiency and profitability
11. The entity’s management, owners, investors, creditors, government, and others are the users of his work 11. The entity’s management and owners are the users of his work
12. All accountants can be a business consultant 12. Not all business consultants can be an accountant

Now, who do you think wins? Who do you think plays the more important role in the business world? What would you want to be? Do you want to practice as an accountant or as a business consultant? If you have any comments, objections and or any additional features of an accountant and business consultant for differentiation, please feel free to comment below.

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