Tuesday, 25 July 2017

11 Difference Between Finance And Accounting

1. Students in Finance are preparing for careers in areas such as Financial Planning, Corporate or Public Finance.
2. Students in accounting are preparing to enter careers which will lead them into public accounting, private accounting, or governmental organizations.
3. Accounting is the art of the recording and reporting financial transactions. 
4. Those who work in the financial department of a business are concerned with planning the distribution of the business’ assets.
5. Accounting can be broadly defined as the preparation, evaluation and management of financial records.
6. Finance is best described as the study and management of investments.
7. If you want to exercise high-level control over a company’s strategy, finance could be for you. 
8. If you want to take a detailed look at a company’s books you’re probably more interested in accounting.
9. Accounting is part of finance, and that finance has a much broader scope than accounting.
10. Finance is the study of money and capital markets.
11.  Finance revolves around planning future financial transactions while Accounting revolves around reporting past financial transactions.



No comments:

Post a Comment