What is the difference between Finance and Accounting?
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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