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What is the difference between finance management and accounting?

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Question ajoutée par Siham Amer , Financial Analyst , Noor Al Hikmah Group
Date de publication: 2018/12/10

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.

Faran khan
par Faran khan , Cashier , Sky Cash & Carry Rawalpindi Pakistan

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

Ejaz Ahmed
par Ejaz Ahmed , Assistant Manager Finance , Enclude Ltd. (formerly ShoreBank International)

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.

Muhammad Hashim Khan
par Muhammad Hashim Khan , Finance Manager & Company Secretary , DHA Cogen Limited

Financial Management is about managing the company's resources for managing future growth.

whereas,  Accounting,revolves around reporting financial transactions.

Rizwan  Arshad
par Rizwan Arshad , Assistant , MTM LTD

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.

SANTOSH JHA
par SANTOSH JHA , Audit & Accounts Assistant , Pepsi-co India Holdings Private Ltd

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.

Muzffar  Husain
par Muzffar Husain , Sr. Accounting , Tee Gee Super Stores Pvt. Ltd.

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

IRFAN ABDUL MAJEED
par IRFAN ABDUL MAJEED , CUSTOMER RELATION OFFICER , SYBRID

  1. Financial Accounting: Reporting financial information to external users like creditors, suppliers, government agencies, analysts etc. is financial accounting
  2. Management accounting: Reporting financial information to internal users like management and employees is called management accounting.

CAN AKCAN
par CAN AKCAN , DIRECTOR OF FINANCE AND FINANCIAL AFFAIRS CONSULTANT , Multilead E Commerce Digital Media Marketing

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

يحيى محمد حسن سليمان سليمان
par يحيى محمد حسن سليمان سليمان , مراجع حسابات الصرافات , Al magal Group

 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

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