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Difference between Accounts & Finance ?
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Answer / kv.preethi
hi friends this is preethi.
Accounts is the process of regarding transactions on day
to day basics where as,
Finance deals with generating funds and utilizing funds
for business on a very broad perspective.
thank u
| Is This Answer Correct ? | 46 Yes | 3 No |
Answer / iftekar
Account :In accountancy, an account is a label used for
recording and reporting a quantity of almost anything. Most
often it is a record of an amount of money owned or owed by
or to a particular person or entity, or allocated to a
particular purpose. It may represent amounts of money that
have actually changed hands, or it may represent an
estimate of the values of assets, or it may be a
combination of these.
Finance : It refers to the procurement and effective
utilization of money.
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / prasanna
Accounting: Accountant’s (sometimes called: Controller)
primary function is to develop and provide data measuring
the performance of the firm, assessing its financial
position, and paying taxes. The accountant is responsible
for preparing financial statements such as the income
statement, balance sheets, and cash flows. It is normally
passive work, in the sense that, the work has a very
independent nature to it such as preparing forms and
financial statements. It is a good job for people who want
to work independently and are very organized (this is only
a very brief description, if you are interested in
accounting, consult your accounting instructor for more
information).
Finance: The financial manager or consultant places primary
emphasis on decision making. It uses the financial
statements prepared by accountants to make decisions about
the firm’s financial condition and to advise others about
possible losses and profits. In some cases, finance is more
a type of leadership position. A financial manager has to
deal not only with finance, but also with economics,
accounting, statistics, math, and management. For example,
people working with stocks and bonds have to understand and
analyze how the underlying companies are performing. How a
given company is going to perform during recession? Should
they sell or buy stocks or bonds. How a decrease in the
interest rate in England may affect the projects a company
has in that country. Finance also deals a lot with risk.
Derivative securities (options, futures, swaps, etc) are
used to hedge against possible increase in risk. Risk
managers are in great demand everywhere. Most finance
majors find jobs in banks and other financial institutions,
government, real estate, consultant companies, insurance,
investment companies, stock market exchanges, fundraising,
and any firm that needs someone to make financial decisions.
| Is This Answer Correct ? | 24 Yes | 13 No |
Answer / sri
i think you are not understand the question submitted here?
you are entered here about the difference between the
responsibilities of accountant & financial manager
| Is This Answer Correct ? | 23 Yes | 15 No |
Answer / vinod singh
Accounts: Accounts is a process which records financial or
monitory transctions with systematic setup books with fare
value.
Finance:Finance is a managerial work which is look after
the finance and funds utilization.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / nikky
Accounts:- In terms of Simply language accounts is all transactions of the firms eg all incomes & expenditures balance sheeet,profit & loss accounts preparation its just basic manual accounting process.
Finance:- The financial terms in org all related expects eg projects financing ,shares,bonds, debentures etc.and finance manager basically roll in finance to manage all expences or reducing capital expenditure its helps of profitable every organization.
| Is This Answer Correct ? | 2 Yes | 1 No |
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