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Greetings what is exact difference between Finance and Accounting ?

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

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Question ajoutée par Muhammad Anees , Assistant Finance Manager , Middle East fiber Cable Manuf. Co., Riyadh, KSA
Date de publication: 2014/07/15
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par Utilisateur supprimé

Accounting is an art of recording of business transaction chronologically (analyzing the transaction,recording and bookkeeping)..whereas finance is arranging of money ,its handling and find out more resources of its generation as well as it also encompasses accounting.

Anil Chauhan
par Anil Chauhan , Senior Accountant , DOTW KUWAIT WLL

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.

Malik Mohamed
par Malik Mohamed , Consulting on Finance, HR, ERP, Work/Business Analysis, ERP, Re-structure. , Self Employed

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.

Mohammad Wali Hakami
par Mohammad Wali Hakami , Accountant/Admin Manager , Kabul Travel & Tourism L.L.C

You could say that Finance is a broader term while accounting is part of finance.

Mohamed Salat Mohamed Salat
par Mohamed Salat Mohamed Salat , Accountant/finance and data keeping , Moumin Group of Companies

Finance is the controlling of monetary management, where as accounting an art of recording business transections and deals.

abdulaziz khorshid
par abdulaziz khorshid , CREDIT MANAGER , RASHED ABDUL RAHMAN ALRASHED

it is a huge difference i agree with most of  all above answers 

Umer Sharif
par Umer Sharif , Head Of Accounts Dept , Allied Petroleum Pvt Ltd

mostly answered this question.and i agreed with them.

Abdus Samad Abdul Majeed
par Abdus Samad Abdul Majeed , Branch Sales Manager , Ahmed Zainy For Electric and Air Conditioning Co. Ltd

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.

Finance is bigger connotation which comprises of accounting and other functions.

Accounting means analyzing, classifying, summarizing and recording financial transaction in monetary terms. While finance is a business domain which focuses on generation and utilization of fund to optimize the business objective.

 

Muneer TK
par Muneer TK , Management Industrial Trainee , Bharat electronics

Simply my own words, the foundation of business to built building. (Building means vision and mission). And It should be strong to survive. I am new and less experience in finance I expect a reply thanks...

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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