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New answer posted

11 months ago

A

Afterschool Counsellors

Member since May' 2018

Answered 11 months ago

Hi Nur Illiyyin Jannah,

An actuary and an accountant typically deals with the same information and handles financial data. However, the main difference between the two professions is that actuaries are usually employed in the insurance industry, and directly deal with risk. They calculate the risk factors for occurrences such as fires, unemployment, accidents and other risks to give an accurate depiction of the risk that companies will take.

Accountants, on the other hand, monitors and records the flow of money through an organisation, and verify the accuracy of the money transactions to make sure that they are legal and follow guidelines.

Hope this is clear. Please don't hesitate to ask further questions!

New answer posted

11 months ago

A

Afterschool Counsellors

Member since May' 2018

Answered 11 months ago

Hi Nur Illiyyin Jannah,

An actuary and an accountant typically deals with the same information and handles financial data. However, the main difference between the two professions is that actuaries are usually employed in the insurance industry, and directly deal with risk. They calculate the risk factors for occurrences such as fires, unemployment, accidents and other risks to give an accurate depiction of the risk that companies will take.

Accountants, on the other hand, monitors and records the flow of money through an organisation, and verify the accuracy of the money transactions to make sure that they are legal and follow guidelines.

Hope this is clear. Please don't hesitate to ask further questions!

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