Finance

Accounting

Defi nition

Defi nition

The management of large amounts of

money, especially by governments or
large companies.

The action or process of keeping financial

accounts.

Provide funding for (a person or

enterprise).

Diff erences
1. Those who work in the financial
department of a business are
concerned with planning the
distribution of the business
assets.
2. Those in Finance also plan the
exit strategy for the investors of
the business, which is the way
in which those that invest in the
business receive their financial
reward.

Diff erences
1. Those who work in the Accounting
function of a business are concerned
with tracking and reporting the
financial transactions of a business.
2. Those in the Accounting field are
responsible for managing the
general ledger, cash flow
management, collections,
recognizing revenue, analyzing
profitability, reporting earnings,
managing debt, andof course
paying taxes.