Concepts of Accounting and Finance

in #accounting4 years ago

Accounting is a discipline that focuses on the recording, grouping,analysis and interpretation of financial information. It includes reporting the results to the owners so that they can make informed business decisisons.
In other words, the work of an Accountant is to help the owners understand what's happening to his company. You may check some of the best accounting certifications
in the report released by newsinterpretation.
On the other hand, Finance includes a wide range of issues including the determination of a company's cash requirements and the management of its funds over time.

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It is also concerned with the ability of the company to invest its resources properly - not only in making their own products, but also in buying properties to produce such products

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