Ques:- What is the difference between finance and accounts?most of the companies having a different section like finance and accounts. why they aren't had only single section neither finance nor accounts?
Asked In :-
India Shelter Finance, kpmg malaysia, zopa, kpmg malta, dac beachcroft llp, transfermate global payments,
Right Answer:
Finance focuses on managing the company's money, including investments, budgeting, and financial planning, while accounts deal with recording, classifying, and reporting financial transactions. Companies separate these functions to ensure specialized expertise and better management of financial resources and compliance.
Finance focuses on managing the company's money, including investments, budgeting, and financial planning, while accounts deal with recording, classifying, and reporting financial transactions. Companies separate these functions to ensure specialized expertise and better management of financial resources and compliance.