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What is the difference in perspective between finance and accounting?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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What is the major difference between finance and accounting?
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
Which is the correct term is that accounting finance or Finance accounting?
Accounting and Finance
What is the relationship between finance and accounting?
accounting is the calculation process of financial transaction
What is the difference between finance and financial accounting?
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.
Why should you understand finance or accounting?
U Should understand the Basic Finance & Accounting, Bcz in our life indirectly we are using finance and accounts, if we are not know the basic thing of finance and accounting means how we analyse the thing are right or wrong,
What is the major difference between finance and accounting?
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
What is the difference between cost accountant and financial accountant?
DISTNGUISH between finance, management accountant and financial accounting
What is the difference between corporate finance and managerial finance?
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.
Which is the correct term is that accounting finance or Finance accounting?
Accounting and Finance
What is the relationship between finance and accounting?
accounting is the calculation process of financial transaction
What is the difference between commerce and finance?
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
What is the difference between finance and financial accounting?
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.
What is the difference between An Accountant and a Finance officer?
What is the difference between An Accountant and a Finance officer?
What is the difference between home and finance minister?
home minister and finance minister are same there is no any difference between them.....
What has the author Raymond Brockington written?
Raymond Brockington has written: 'Dictionary of accounting and finance' -- subject(s): Dictionaries, Accounting, Finance 'Financial Accounting (M & E Higher Business Education Series)' 'Accounting for Intangible Assets' -- subject(s): Accounting, Intangible property 'A concise dictionary of accounting and finance' -- subject(s): Dictionaries, Accounting, Finance
What is the difference between operational lease and finance lease?
The key difference between a finance lease and an operating lease is whether the lessor (the legal owner who rents out the assets) or lessee (who uses the asset) takes on the risks of ownership of the leased assets. The classification of a lease (as an operating or finance lease) also affects how it is reported in the accounts. The differentiation is mostly important for accounting , taxation and financial reporting purposes.
What is the difference between Finance lease and operational lease?
The key difference between a finance lease and an operating lease is whether the lessor (the legal owner who rents out the assets) or lessee (who uses the asset) takes on the risks of ownership of the leased assets. The classification of a lease (as an operating or finance lease) also affects how it is reported in the accounts. The differentiation is mostly important for accounting , taxation and financial reporting purposes.
