What are the differences between accounting and finance?
Similarity
-- Both disciplines are concerned with a firm’s assets and liabilities
Differences
-- Accounting
emphasized on review and compliance
focused historical data
works on accrual concepts
-- Finance
emphasized on valuation and decision-making
focused on the future
works on cash flow concepts
Differences
-- Accounting
emphasized on review and compliance
focused historical data
works on accrual concepts
-- Finance
emphasized on valuation and decision-making
focused on the future
works on cash flow concepts
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