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.

13 Advantages Of Financial Planning

1. Better-informed financial decisions.
2. One of the most crucial benefits of financial planning is the ability to control costs.
3. Standardize and automate processes and tools to streamline planning and forecasting
4. Forecast of cash flows.
5. Potential investors, shareholders or bankers are assured that the enterprise is being properly managed, within a realistic framework and not just being pure optimistic.
6. Financial Planning can help you to save tax.
7. Financial planning helps to Improved Debt Management.
8. Facilitate pricing of product.
 9. Managing assets.
 10.  Investing in a profitable portfolio
A financial plan makes it simpler for individuals or companies to increase their cash flow and make good investment decisions.
11. Facilitate pricing of product.
12. Creating a suitable retirement plan
One of the main advantages of financial planning is that it allows people to outline a healthy financial future.
13. Raising finances.