What is the difference between Finance and Accounting?
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1 Answer
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Students can have a look at the table that is mentioned below to know main differences between Finance and Accounting:
Finance
Accounting
Helps in making financial and investment-related decisions
Assesses the historical records of the company to determine its current financial situation
The focus is on planning and directing financial transactions
The focus is on recording and reporting financial transactions
Management of money
Management of financial information
Types: Personal, Public, Corporate, Behavioral and Social finance
Types: Auditing, Financial, Management, Forensic, Cost, Financial and Tax accounting
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Hope this helps!!!
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