05-25-2008, 08:39 AM
HI Marhsall,
See my response to your PM. I am not (by far!) an accounting/finance major, but to answer your question at a high level...no they are not the same altho' IMO you need a basic understanding of Managerial Accounting (day to day accounting acitivites) in order to do Financial Accounting (preparing and interpreting Financial Statements (Income Statement/Balance Sheet, Cash Flow etc).
In my POF exam specific feedback I identify a book:
"If you're clueless about accounting and finance and want to know more"
Amazon.com: If You're Clueless About Accounting and Finance and Want to Know More: Seth Godin: Books
It's an awesome book for the corporate financially uninitiated (like me)!
It tells you in plain English what it's all about and it does it in a small sized book of less than 200 pages (vs a full-sized, 900-page school text book!). You can always use the 900-pager for reference but I love this little book cos' it speaks to me in a language I can understand! I found it at a local bookstore and used a coupon.
See my response to your PM. I am not (by far!) an accounting/finance major, but to answer your question at a high level...no they are not the same altho' IMO you need a basic understanding of Managerial Accounting (day to day accounting acitivites) in order to do Financial Accounting (preparing and interpreting Financial Statements (Income Statement/Balance Sheet, Cash Flow etc).
In my POF exam specific feedback I identify a book:
"If you're clueless about accounting and finance and want to know more"
Amazon.com: If You're Clueless About Accounting and Finance and Want to Know More: Seth Godin: Books
It's an awesome book for the corporate financially uninitiated (like me)!
It tells you in plain English what it's all about and it does it in a small sized book of less than 200 pages (vs a full-sized, 900-page school text book!). You can always use the 900-pager for reference but I love this little book cos' it speaks to me in a language I can understand! I found it at a local bookstore and used a coupon.
CLEPS/DANTES ATTEMPTED/PASSED 
-21 Classes credited:
[SIZE=1][SIZE=1]- Human/Cultural Geography (SOC300) 69/Nov 08
[/SIZE]- Intro to Business Law (LEG100) 73/Nov 08
- Astronomy (HUM300) 68/Nov 08
- Human Resource Management (BUS310) 73/Jul 08
- Money and Banking (ECO320) 64/Jun 08
- Principles of Finance (FIN100) 67/May 08
- Principles of Macroeconomics (ECO100) 75/Apr 08
- Principles of Marketing 74/Apr 08
- Introduction to World Religions (HUM400) 78/Apr 08
- Analyzing & Interpreting Lit 69/Mar 08 (6 credits)
- Introductory Psychology 74/Feb 08
- Introductory Sociology 73/Jan 08
- Principles of Mgmt 75/Dec 05
- English Comp (cold) 59/Sep 05 (6 credits)
- Information Systems & Computer Apps 72/Sep 05
- College French Language 75/Jun 05 (12 credits)
+Traditional Credits Earned 2005-2008: 17 classes - last 3 traditional classes completed Oct/08
ALL DONE NOV 08. Degree received: BS in Business Administration, minor in Management, SCL. Saved $$$$$ and Time - Thanks to InstantCert.[/SIZE]
-21 Classes credited:[SIZE=1][SIZE=1]- Human/Cultural Geography (SOC300) 69/Nov 08
[/SIZE]- Intro to Business Law (LEG100) 73/Nov 08
- Astronomy (HUM300) 68/Nov 08
- Human Resource Management (BUS310) 73/Jul 08
- Money and Banking (ECO320) 64/Jun 08
- Principles of Finance (FIN100) 67/May 08
- Principles of Macroeconomics (ECO100) 75/Apr 08
- Principles of Marketing 74/Apr 08
- Introduction to World Religions (HUM400) 78/Apr 08
- Analyzing & Interpreting Lit 69/Mar 08 (6 credits)
- Introductory Psychology 74/Feb 08
- Introductory Sociology 73/Jan 08
- Principles of Mgmt 75/Dec 05
- English Comp (cold) 59/Sep 05 (6 credits)
- Information Systems & Computer Apps 72/Sep 05
- College French Language 75/Jun 05 (12 credits)
+Traditional Credits Earned 2005-2008: 17 classes - last 3 traditional classes completed Oct/08
ALL DONE NOV 08. Degree received: BS in Business Administration, minor in Management, SCL. Saved $$$$$ and Time - Thanks to InstantCert.[/SIZE]
![[-]](https://www.degreeforum.net/mybb/images/collapse.png)