Accounting and Finance
accounting is the calculation process of financial transaction
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
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.
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,
Accounting and Finance
accounting is the calculation process of financial transaction
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
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.
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
There are quite a few different accounting and finance courses offered by colleges including account management and finance management. In the UK CIMA and ACCA courses are also offered. These will lead to a professional qualification.
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.
DISTNGUISH between finance, management accountant and financial accounting
Yes, computer applications are used greatly in the field of finance and 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,
Accounting is a broad term that refers to accumulating, organizing, analyzing and reporting data on financial events. Accounting is usually focused on the past. There are several different fields within accounting such as public accounting, managerial accounting, tax accounting, etc. Finance generally looks toward the future and deals with managing current and future cash flows. Investing and treasury management are two common tasks for which the finance function is often responsible. Bookkeeping is a function within accounting that is charged with recording financial transactions and sometimes organizing the transactions into financial statements. Bookkeepers are typically entry level employees that may have no or little formal education in accounting.
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