Answer:
Finance and accounting work together to help businesses manage their money and make informed financial decisions. Finance is concerned with the management of money and investments, while accounting is concerned with the recording, summarizing, and reporting of financial transactions.
Accounting provides the financial information that finance professionals need to make decisions about things like investing, budgeting, and forecasting. Accounting records and tracks financial transactions, and produces financial statements like balance sheets and income statements.
Finance professionals use this information to make decisions about how to allocate resources, invest money, and manage risk. They may also be involved in managing the company's cash flow, analyzing financial data to identify trends and opportunities, and developing financial strategies to help the company achieve its goals.
In summary, accounting provides the data and information that finance professionals use to make informed decisions about how to manage the company's money, while finance is responsible for using that information to make strategic decisions about the company's financial future.Finance and accounting work together to help businesses manage their money and make informed financial decisions. Finance is concerned with the management of money and investments, while accounting is concerned with the recording, summarizing, and reporting of financial transactions.
Accounting provides the financial information that finance professionals need to make decisions about things like investing, budgeting, and forecasting. Accounting records and tracks financial transactions, and produces financial statements like balance sheets and income statements.
Finance professionals use this information to make decisions about how to allocate resources, invest money, and manage risk. They may also be involved in managing the company's cash flow, analyzing financial data to identify trends and opportunities, and developing financial strategies to help the company achieve its goals.
In summary, accounting provides the data and information that finance professionals use to make informed decisions about how to manage the company's money, while finance is responsible for using that information to make strategic decisions about the company's financial future.