Interested to Buy Any Domain ? << Click Here >> for more details...
can anybody describe about the accounts and financ ? what
is difference between that , thanks in advance gurus
- 7 Answers
- 12038 Views
- Infosys, Savvis, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / amit
there is a very thin line between accounts & finance.
finance relates to procurement & effective utilization of
funds whereas accounts relates to recording of the
transaction & the preparation of the books
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / vspgs
Finance:It is the branch of economics that studies the
management of money and other assets.In simpler terms it
can be defined as the commercial activity of providing
funds and capital.It addresses questions like -- what funds
are required by the org? How they can be raised? How they
have to be allocated etc
Accounts: It is the occupation of maintaining and auditing
records and preparing financial reports for a business.
Accounts provides quantitative information about finances.
It addresses issues like what amount of funds have been
allocated to various activities, how the book-keeping is
being done etc
Both functions are distinct but complimentary to each other.
Finance and accounts are highly specilized and distinct
areas and hence most organizations have seperate sections
of finance and accounts.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / ganesh
THERE IS A VERY THIN DIFFERENCE BETWEEN ACCOUNTS AND
FINANCE.ACCOUNTS RELATES TO RECORDING OF BUSINESS
TRANSACTIONS AND PREPERATION OF BOOKS OF ACCOUNTS WHICH
HELPS IN THE MANAGEMENT OF THE FIRM. FINANCE RELATES TO THE
FUNDS WITH WHICH THE BUSINESS CAN BE SUCCESSFULLY MANAGED
AND ENLARGING THE BUSINESS.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / indrajeet
Finance is the analysis, summarisation, evaluation,
interpretation and management of accounts for the
management purpose.For eg, Risk management, Portfolio
analysis etc are done with the help of accounts maintained.
But account is only posting of various transactions
prevailing in any organization. It helps in decision making.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vspgs
Finance:It is the branch of economics that studies the
management of money and other assets.In simpler terms it
can be defined as the commercial activity of providing
funds and capital.It addresses questions like -- what funds
are required by the org? How they can be raised? How they
have to be allocated etc
Accounts: It is the occupation of maintaining and auditing
records and preparing financial reports for a business.
Accounts provides quantitative information about finances.
It addresses issues like what amount of funds have been
allocated to various activities, how the book-keeping is
being done etc
Both functions are distinct but complimentary to each other.
Finance and accounts are highly specilized and distinct
areas and hence most organizations have seperate sections
of finance and accounts.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / md. rasheed
finance works with the information and accounts deals with
the data. simply we can say the process of preparing the
accounting reports is accounts which deals with the data
that is journals, ledgers, trail balance where as finance
deals with the reports prepared after accounts like income
statements and position statements, cash flow and funds
flow and so on.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / madhuri kola
Accounts involves more clearical participation internally,
it is a record of assets and liabilities, owners capital
etc.
Finalce involves extaranal work, based on accounts only
people can judge the financial status of the indistry or
concern.
| Is This Answer Correct ? | 0 Yes | 0 No |
Sir i am fresher and i am going to join in an educational institution can you give me suggestions regarding how to work with Tally and what type of entry's may i get there.
How to enter every month employees salaries in P&L a/c and why we use JOURNAL VOUCHER for salaries?
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
Started business with cash 50000
Is bank charge an assest, equity or liability?
what is method of deperciation?
what are adjusting entries? and why we are dioing it?
Short Answer on ______Budget
what is mean by traditional accounting ?
WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS OF PURCHASER & SELLER
What is prepaid expences
describe the most complex challenge that you have faced and how you managed it
Audit 
