What is the difference between Finance and Accounting?

0 4 Views | Posted 8 months ago
Asked by Kritika Tyagi

  • 1 Answer

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    Answered by

    Abhishek Arora | Contributor-Level 7

    8 months ago

    Students can have a look at the table 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

    Also Read: Careers after Accounting

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