Sarvottam Darshan

• Feb 21st, 2006

 

Finance:It is the branch of economics that studies the management of money and other assets.In simpler terms it can be defined as the commercial activity of providing funds and capital.It addresses questions like -- what funds are required by the org? How they can be raised? How they have to be allocated etc

Accounts: It is the occupation of maintaining and auditing records and preparing financial reports for a business. Accounts provides quantitative information about finances. It addresses issues like what amount of funds have been allocated to various activities, how the book-keeping is being done etc

Both functions are distinct but complimentary to each other.

Finance and accounts are highly specilized and distinct areas and hence most organizations have seperate sections of finance and accounts.

kokila garg

• Aug 14th, 2006

 

Finance:- it includes all activity related to money and management of money.it tells how business can raise funds,where it can be used.

Accounting:- this is the art of recording, classifying, summarzing, analyzing so that we can analysis the performance of company. 

y_chndr

 Profile Answers by y_chndr 

• Aug 19th, 2008

 

Finance: it is an economic activity. it involes managing the funds, how to raise the funds & its allocation in diffrent departments like production, marketing, hr etc

Accounting: it is an art of keeping the records of all transactions took place in the business acivity


By: Y.P.chadra  

sindhusegaran

 Profile Answers by sindhusegaran 

• Jul 29th, 2009

 

Finance management or allocation of cash to varoius deparments.
Accounts is the bookeeping record of each transation involved (they add value to each other).