What's the difference between a financial management consulting company and an accounting firm?

Many accounting firms mainly do audit work, but also provide financial consulting services, including:

1. What does the consulting department of an accounting firm do?

First of all, let's briefly talk about this problem:

Consulting can be roughly divided into three levels vertically: strategic consulting, management consulting and system consulting, and horizontally IT can be divided into financial consulting, market consulting, human resources consulting and IT system consulting. At the same time, each consulting company has its own strengths in the industry.

Back to the topic of four major consultations. For this service business, what kind of team can do what kind of business.

For example, one of the Big Four has a team, which has rich customer resources in the banking industry, manages many accounting projects, can design related system architecture, and even develop it to support front-end business. For example, one of the big four companies has a team with rich experience in consulting projects in the field of telecom finance, such as fund management and budget management.

So it seems that there is little difference between the four consulting companies and other consulting companies.

Attachment: Division of Ernst & Young Consulting Business Line

EY Consulting has three sub-service lines: ITRA, Risk (mainly involving risk and internal control) and PI (Performance Improvement).

What PI does can be understood as so-called management consulting, which is mainly divided into several E & amp:TMT (technology, media, telecommunications), FSO (financial service organization), GPS (government and public sector) and E & ampr (energy & resources) according to industries.

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2. Advantages and disadvantages

The question is "what are the advantages and disadvantages of doing this kind of consulting work". Since we can emphasize "this kind" (the advantages and disadvantages of consulting work in the Big Four relative to other consulting work), we can also emphasize "consulting work" (the advantages and disadvantages of consulting work in the Big Four relative to other businesses, such as auditing). Because of the conclusion of the question 1, I will briefly talk about the comparison between consulting and other four businesses.

Benefits: Broader horizons, richer work content, more fun, more exercise of communication skills and the ability to analyze and solve problems, less tired than during the peak audit season, more money, and no hard certificate requirements when appreciating.

Disadvantages: It is not easy to have a deep understanding of a certain aspect (auditors with several years of work experience basically know accounting), unlike auditors who can have a long rest time (in fact, it is time to prepare certified public accountants)

This question is subjective, so I write very little about the disadvantages. Welcome to discuss.

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3. Career development

In fact, this question is best answered by consultants for more than five years-they will know many people (or themselves) who continue to consult, go to enterprises and start businesses.

Staying in the consulting industry for a long time-of course, I don't mean staying in the same company all the time. It is possible to change places at different stages. The four major consultant routes are roughly as follows: consultant-senior consultant-manager-senior manager-director-partner.

Go to the enterprise-many people go to Party A by taking advantage of the customer relationship accumulated in the consultation and their own professionalism.

Entrepreneurship-this is too rich.

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Well, that's it for the time being. I hope more people will share their answers.