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    What Is Finance and What Is Its Difference From Accounting?: UNO Group 7 2021

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    Kendrick Arceo
    Finance is broadly defined as activities involving banking, leverage, credit, capital markets, money and investments. It also encompasses oversight, creation and study of money, banking, credit, investments, assets and liabilities. Accounting focuses on recording and reporting financial transactions of a business through summarizing, analyzing and reporting. While finance manages assets/liabilities and plans future growth, accounting takes a detailed look at past financial transactions. A finance manager oversees a organization's financial health through monitoring cash flow, profitability, expenses and accurate financial reporting. The four main financial statements that show where a business's money usually goes are the balance sheet, income statement, cash flow statement and statement of shareholders' equity.

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    What Is Finance and What Is Its Difference From Accounting?: UNO Group 7 2021

    Uploaded by

    Kendrick Arceo
    6 views8 pages
    Finance is broadly defined as activities involving banking, leverage, credit, capital markets, money and investments. It also encompasses oversight, creation and study of money, banking, credit, investments, assets and liabilities. Accounting focuses on recording and reporting financial transactions of a business through summarizing, analyzing and reporting. While finance manages assets/liabilities and plans future growth, accounting takes a detailed look at past financial transactions. A finance manager oversees a organization's financial health through monitoring cash flow, profitability, expenses and accurate financial reporting. The four main financial statements that show where a business's money usually goes are the balance sheet, income statement, cash flow statement and statement of shareholders' equity.

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    Finance is broadly defined as activities involving banking, leverage, credit, capital markets, money and investments. It also encompasses oversight, creation and study of money, banking, credit, investments, assets and liabilities. Accounting focuses on recording and reporting financial transactions of a business through summarizing, analyzing and reporting. While finance manages assets/liabilities and plans future growth, accounting takes a detailed look at past financial transactions. A finance manager oversees a organization's financial health through monitoring cash flow, profitability, expenses and accurate financial reporting. The four main financial statements that show where a business's money usually goes are the balance sheet, income statement, cash flow statement and statement of shareholders' equity.

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    6 views8 pages

    What Is Finance and What Is Its Difference From Accounting?: UNO Group 7 2021

    Uploaded by

    Kendrick Arceo
    Finance is broadly defined as activities involving banking, leverage, credit, capital markets, money and investments. It also encompasses oversight, creation and study of money, banking, credit, investments, assets and liabilities. Accounting focuses on recording and reporting financial transactions of a business through summarizing, analyzing and reporting. While finance manages assets/liabilities and plans future growth, accounting takes a detailed look at past financial transactions. A finance manager oversees a organization's financial health through monitoring cash flow, profitability, expenses and accurate financial reporting. The four main financial statements that show where a business's money usually goes are the balance sheet, income statement, cash flow statement and statement of shareholders' equity.

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    of 8

    WHAT IS FINANCE AND

    WHAT IS ITS DIFFERENCE


    FROM ACCOUNTING?
    UNO Group
    7 October 2021

    Arceo, Kendrick Jet


    Magcamit, Ronald
    Bautista, Janna
    WHAT IS FINANCE?
    Finance is a broad term that describes activities associated with :
    • Banking
    • Leverage or Debt
    • Credit
    • Capital Markets
    • Money
    • Investments

    Arceo, Kendrick Jet


    WHAT IS FINANCE?
    Finance also encompasses the:
    • Oversight
    • Creation
    • Study
    Of …
    • Money
    • Banking
    • Credit
    • Investments
    • Assets
    • Liabilities

    Arceo, Kendrick Jet


    WHAT IS ACCOUNTING?

    Accounting
     is the process of recording financial transactions pertaining to a
    business.

    Accounting process includes:


    • Summarizing
    • Analyzing
    • Reporting

    Arceo, Kendrick Jet


    FINANCE vs ACCOUNTING

    FINANCE ACCOUNTING
    • the management of assets and • focuses on the day-to-day flow of
    liabilities and the planning of money in and out of a company or
    future growth institution

    • exercise high-level control over a • take a detailed look at a


    company’s strategy company’s books
    • looks forward to plan future • looks back to a company’s past
    acquisition of assets financial transactions

    Arceo, Kendrick Jet


    WHAT IS A FINANCE MANAGER?

    Finance Manager
    -is one who generally oversees the financial health of an organization
    and helps ensure its continued viability. He/She supervises important
    functions, such as monitoring cash flow, determining profitability,
    managing expenses and producing accurate financial information.

    Magcamit, Ronald
    WHERE DOES THE MONEY OF BUSINESSES USUALLY
    GO TO?
    Four Main Financial Statements
    • Balance Sheets
    - show what a company owns and what it owes at a fixed point in time.
    • Income Statements
    - show how much money a company made and spent over a period of time.
    • Cash Flow Statements
    - show the exchange of money between a company and the outside world
    also over a period of time.
    • Statements of Shareholders’ Equity
    - shows changes in the interests of the company’s shareholders over time.

    Bautista, Janna
    THANK YOU
    UNO Group
    7 October 2021

    Arceo, Kendrick Jet


    Magcamit, Ronald
    Bautista, Janna

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