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Everybody can answer if we are asking what is finance or what is accounting. But if Someone ask what is difference between Finance and Accounts, very difficult to answer. Please try to find out exact and simple difference between two. Regards Muhammad Anees
Finance : Future forecast on the basis of Historic data , such as Cash flow , capital/operational budgeting , working capital needs.
Accounting is the recording of the transaction what has happened as per the related Financial reporting framework .
This is the exact difference between Finance and Accounts.
Finance is a broader term which is basically the management of business in financial perception whereas accounting is a part of finance pertaining to recording of business transaction properly.
You could say that Finance is a broader term while accounting is part of finance.
Finance is the controlling of monetary management, where as accounting an art of recording business transections and deals.
it is a huge difference i agree with most of all above answers
Accounting is art or science of managing accounts of all transactions whereas the Finance is the art or science of managing and controlling the assets and liabilities with timelines in order to get optimum higher returns and providing maximum safety of the cash, financial investments, bank accounts, coupons, share bonds.
Accounting as the name carries recording the transaction in a book to have its results in a defined and standardised manner.Finance is the management of company finicance by getting the information accounted for.
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