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Accounting is the process of recording limits on the amounts and assets of assets, liabilities and equity (income, expenses, capital, personal expenses) outside and depleted (debit - creditor) of the organization, ie, it is recorded at the time of the registration. Financial management begins before the project and continues with it, by means of "management", which is planning, organizing, directing and controlling, that is, it plans on how to obtain funds and regulate the flows of those funds, and control over disbursement, as well as how to invest them efficiently, Depletion.
its a huge difference between finance manager and accounting.
in finance management we are thinking about various choice taht we have to generate a finance for businees.
but in accounting we only focus on budjeting,cashflows,etc
The difference between finance management and accouting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.
Financial Management is about managing the company's resources for managing future growth.
whereas, Accounting,revolves around reporting financial transactions.
ACCOUNTING REPORTING THE TRANSACTION OF BUSINESS AND FINANCIAL MANAGEMENT RESOURCE THE MANAGEMENT LIABILITIES&CPITAL.
Finance management is that manage of the company assets, liabilities and plan growth of the company.
Accounting is that maintian daily transactions, in and out cash flow of the company / institution.
Accounting -it Means recording of all transaction related Income & Expenses and Assets & iabilities.
Wheras financing-it means how to manage funds or working capital and taking investment decisions.
The differences between management accounting and financial accounting include: Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders Financial accounting is required by law while management accounting is not
accounting means that it is a sience that records, classifies, summires, and report financial transaction of the business.
Financial management is that; are fiscal policies taken to maximize the financial profitability of the enterprise
Managerial accounting is more concerned with operational reports, which are only distributed within a company. Standards. Financial accounting must comply with various accounting standards, whereas managerial accounting does not have to comply with any standards when information is compiled for internal consumption
