Difference Between Finance and Accounting What is the difference between finance and accounting

Difference Between Auditing and Accounting.

The differences between Finance and Accounting are as follows:

1. The concept is different.

Finance is a decision-making system for the acquisition, investment, financing and management of assets under certain overall goals. Accounting is an economic management activity that takes currency as the main unit of measurement, adopts special methods, conducts complete, continuous and systematic accounting and supervision of the economic activities of the unit, confirms, measures, records and reports transactions or events, and provides information about the financial status, operating results and cash flow of the unit.

2. The functions are different.

The basic function of accounting is accounting and supervision, focusing on the reflection and supervision of funds. The basic functions of finance are decision-making, planning and control, focusing on the organization, use and management of funds.

3. The basis is different.

The basis of accounting is the unified accounting system of the state, and the selection of specific accounting policies and accounting estimates is selected by the enterprise in accordance with the unified accounting policy of the state and in combination with the actual situation of the enterprise. Financial management is based on the intentions of the management authorities, to the extent permitted by national policies and laws. The unit formulates internal financial management measures and enjoys independent financial autonomy and decision-making power.

1.The concept is different, finance is a decision-making system for the management of assets under a certain overall goal. Accounting is an economic management activity that takes money as the main body and adopts special methods to carry out complete, continuous, and systematic accounting, supervision, and calculation of unit economic activities.

2.The functional role is different. The basic functions of accounting are accounting and supervision. And the basic functions of finance are **, decision-making, planning and control.

3.Depending on the basis. Accounting is based on the country's unified accounting system. The basis of financial management is to formulate internal financial management measures within the scope permitted by national policies and laws and in accordance with the intention of the management authority.

4.The purpose and conclusion are different. The purpose of accounting is to produce a "true account", while the purpose of finance is to maximize the wealth or value of the enterprise.

Contact: 1Both serve a specific object. That is, there are financial entities and accounting entities, and the objects of their roles are the circulation and turnover of unit funds, mainly to manage the value form.

2.Accounting is the foundation of finance, and finance is inseparable from accounting. The two complement each other!

The differences between Finance and Accounting are as follows:

1. The time range is different.

Accounting is past-oriented and must be based on past transactions or events, and is the recognition and recording of past transactions or events. Finance is to focus on the future, based on certain assumptions, on the basis of the analysis of historical data and the current situation, as well as the future situation and judgment, focusing on the future and decision-making.

Whether and how much economic transactions or events should occur are issues that need to be considered in financial accounting.

2. The role is different.

Financial accounting mainly draws on international experience, realizes the international docking of corporate financial management, establishes a chief financial officer system, and improves the corporate governance structure. At the same time, we should study the establishment of a system for appointing the chief financial officer of the enterprise, clarify the status, role, responsibilities and work requirements of the chief financial officer, and promote the participation of the chief financial officer in major business decisions of the enterprise on behalf of the investor.

It is to build an enterprise financial management ability certification system, improve the financial management ability of the enterprise, promote the enterprise to strengthen internal constraints and financial control, and achieve management innovation.

The main purpose of accounting is to further improve the property rights trading market, revitalize the huge stock of state-owned capital, promote the diversification of investment entities in state-owned enterprises, form an internal restraint mechanism for state-owned enterprises with clear property rights, flexible mechanisms, and scientific management, and establish and improve a modern enterprise system through various means, such as overall restructuring and listing, and the introduction of strategic investors such as non-public economy.

3. The use of information is different.

Financial accountant is the creator of information, and accounting is the consumer of information.

Eligibility Requirements. Qualification refers to a legal qualification for entering the accounting profession and engaging in accounting work, and is the "threshold" for entering the accounting profession. Personnel engaged in the following accounting work in state organs, social organizations, companies, enterprises, public institutions and other organizations (including personnel from the Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan, as well as foreign personnel engaged in accounting work in Chinese mainland) must obtain accounting qualifications and hold accounting qualification certificates.

The accounting practitioner certificate is a necessary qualification for accounting personnel to engage in accounting work, and the only legal and valid certificate necessary for those engaged in the accounting industry. It is the threshold for accountants to enter the accounting profession. Territorial management, nationwide.

Accounting qualification certificate is also a prerequisite for the examination of accounting titles, at present, due to the change of national policies, the accounting qualification examination is suspended, and the specific measures still need to wait.

Accounting Title. The accounting title is a standard to measure the level of a person's accounting business. The existing accounting titles in the state: primary, intermediate and senior, the junior titles are accountant and assistant accountant, the intermediate title is accountant, and the senior title is senior accountant and certified public accountant.

The difference between accounting and finance isDifferent concepts, different functions, different bases, different time frames, different purposes and conclusions, different factors that affect their results, and different classifications.

Further information is as follows:

1.会首信算 is a Chinese word, pronounced kuài jì, and its English name is accounting. Accounting has two meanings, one refers to accounting work, the other refers to accounting staff, accounting work is based on the "Accounting Law", "Budget Law", "Statistics Law" and various tax laws and regulations as the legal basis to check accounting vouchers, financial books, financial statements.

2.The process of engaging in economic accounting and supervision is a kind of economic management work that uses currency as the main unit of measurement and uses special methods to account for and supervise the economic activities of a unit. Accounting staff are the personnel who carry out accounting work, including accounting supervisors, accounting supervision and accounting, property management, cashiers and other personnel.

3.Since the Zhou Dynasty, China has had a special accounting official position, in charge of tax revenue, money and silver expenditure and other financial work, and conducts monthly calculations and annual meetings. That is to say, the monthly sporadic calculation is calculated, and the annual total calculation is the meeting, and the two together become the term accounting.

4.The so-called accounting is to unify the various economic operations useful to the enterprise into monetary units of measurement, and provide economic information that reflects the financial status and operating results of the enterprise through a series of procedures such as bookkeeping, accounting, and reporting.

5.Accounting is an economic management activity that takes money as the main unit of measurement and uses special methods to continuously and systematically and comprehensively reflect and supervise the economic activities of enterprises, government agencies or other economic organizations. Specifically, accounting is the accounting and supervision of the economic activities of a certain entity, and providing accounting information to relevant parties.

6.Decision-making is the process of selecting the best solution from a variety of options to achieve maximum economic benefits. Decision-making plays an important role in modern management, correct decision-making can enable enterprises to obtain the maximum benefits, and decision-making errors will cause heavy losses and waste.

7.Decision-making must be based on science, and decision-making requires a large amount of financial information, which must rely on accounting to provide. Therefore, it is an important function of accounting to lay the foundation for enterprises to achieve maximum economic benefits.