Accounts have to do with the daily records of financial activities of an organization. Accounts are managerial level it includes recording classifing summerising the results to the stake holders of the company.
Finance deals with the admisterial level it includes various decisions like procurement of funds invest them in proper manner and distributing of funds to interested parties.
Thus when compare the scope the scope of finance is greate than accounts.
Accounts is the parts of finance whereas finance means the analysis of cost and fund for future requirements.
The major difference between finance and accounting is that, accounting is general, deals with all economic facts that occur throughout the financial year, financial is specific deals only with finances
DISTNGUISH between finance, management accountant and financial accounting
Corp. finance has to stick to strict accounting procedures and is used by people outside the company (such as the SEC) as well as inside the company. Managerial Finance is for managers and insiders of the company to use, and does not have standard accounting practices.
Accounting is creating and managing financial statements which record transactions for businesses. Finance is initiating transactions to aid in cash, investment and other working capital management.
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the difference between accounting nations and accounting commerce
commerce relates to the trade activities, exchange of commodities etc while finance deals with budgeting, accounting,bookkeeping etc finance is a subject in commerce. commerce is business,marketing,accounting,controlling these activities while finance is focussed function related to inflows n outflows
Finance means funds usually in the form of money. Giving or taking finance, Financing a project etc.,. Whereas Financial Accounting means maintaining a proper record of the money or finance or resources used and maintaining it in a proper order to be presented to the auditor for yearly evaluation.
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yes