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it ts same as Accounts and Finance
As a role of Accounts manager one should look for Accounting prospects of any concern. Like Day to day working, data entry, preparation of Ledge, Expense.
As a role of Finance manager one should take decision on day to day work like how much the expenses should be and how to invest and how to process, where to get money and all that.
As a comparative analysis, Finance Manager take Financial decisions of any concerns and Accounts manager look for the proper accounting for those decisions.
Finance manager role is more challenging than Accounts manage
Finance Manager is a broader position and absorbs JDs of Accounts Manager. The bulleted analysis may include:
1) Accounts Managers focus more on the numerical accuracy of the financial figures, while finance managers make analysis on such reports,
2) Accounts Managers prepare reports on profit/ loss and costs, while Finance Managers assist management in designing policies or making strategies to increase revenues and to cut costs,
3) Accounts Managers report on the investment portfolio of the company, while Finance Managers manage that portfolio & give recommendations,
4) Finance managers prepare budgets & cash flow projections, making analysis on actual vs budgeted amounts and giving reports.
5) Accounts Managers focus more on historic transactions and recording them as per the financial regulations. Finance Managers are more forward & future-focused, setting financial targets, preparing the budget and helping the organization in reaching those targets,
6) Accounts managers work with other accountants to maintain transparent and accurate books of accounts, while Finance Managers would indulge in revising the JDs, roles & responsibilties.
Finance manager oversees financial decisions for a department or company. They will usually be involved in Financial Planning and Analysis. ...
Accounting Manager would manage a team of accountants within the Accounting Department, and the Accounting Manager would report to the Controller.
Finance Manager controls organization's assets including its investments and cash to maximize their effient use. oversees and direct the acounting or financial services for an organization. their roles: assign responsibilities to staff within accounting Dep. he also prepare financial statements and suggest ways to improve an organization's overall financial performance to ensure future growth.
Accounts Manager responsible for management of sales and relationships with particular customers. he maintains the company's existing relationships with a client or group of clients, so they will continue using the company for business. He manages the relationship with the clients' of the accounts he is assigned to. his role as an interface between customer service and sales team in the company.
As a role of Finance manager one should take decision on day to day work like how much the expenses should be and how to invest and how to process, where to get money and all that.
The Finance manager manages the funds for the operations whereas the accounts manager manages the recording of financial transactions.
Accounting is the recording of financial transation according to rules. Whereas Financial Management includes managing your money in a manner that optimizes your profit. Financial Management is a larger concept which are obviously based on Accounting data plus mathematical/ statistical analysis. So, Accounts Manager should record and manage the day-day-day financial transactions whereas a Finance Manager is expected to analyse those Accounting Data for better profitability of the business
fianance manager and account manager is a very important our life without our life is not complete and successful
Hi Pashu,
I will try to be precise in my answer to help in your understanding....A Finance Manager is one who is incharge of the organization's finances in terms of investments, advice and support while an Account's Manager is one who is incharge of client's sales and relationships or welfare.
Here are a few roles of a Finance Manager
Monitoring and interpreting cash flows and predicting future trends
Developing financial management mechanisms that minimise financial risk
Ananlyse change and advising accordingly
Manageing a company's financial accounting, monitoring and reporting systems
Roles of an Accounting Manager
Generate sales for a portfolio of accounts and reach the company's sales target
Manage and solve conflicts with clients
Establish budgets with the client and company
Interact and coordinate with the sales team and other staff memebers in other departments working on the same account.
I hope I have answered your question well...
