What Is The Difference Between Finance And Accounting

Finance

Finance is the management of assets and liabilities and planning for the future growth of an organization. People in finance have a control over the company's strategies and look forward to making profits or to mitigate losses. The management of money and investments for individuals or any organization is what finance professionals deal with. They are responsible for ensuring that there is enough funding and that the funds are allocated optimally.

Accounting

Accountants will have a detailed look at the company's books.  Accounting focuses on the daily flow of money in and out of a company. They record, maintain and report the company's financial records. They are responsible for making sure that all financial transactions made by the company are correctly entered, check whether account balances are correct, and also keep tabs on whether financial statements are accurate.