What is the difference between financial management and accounting, and what are the advantages and

Updated on workplace 2024-05-01
12 answers
  1. Anonymous users2024-02-08

    There is an essential difference between financial management and accounting, accounting refers to the liquidation and recording of some accounts of the company, and all the business activities of the enterprise are recorded. Financial management refers to the planning of some accounts in the enterprise, as well as some planning for the company's next business activities, and the detailed recording of each money for what aspects of work. Financial management is mainly biased towards the management of assets, while accounting is more biased towards the audit and calculation of assets.

    First, the content of learning is different, the main content of financial management is finance, financial management. Whereas, accounting mainly studies accounting, auditing, finance, etc. There are differences in what they learn, but there are also similarities.

    Financial management pays more attention to the application of management knowledge, which means that they are less operational. Accounting is mainly biased towards technical operability, and the property of the enterprise is recorded. They need to be proficient in using more technical software to help them with financial statistics.

    Second, the advantages and disadvantages of each financial management compared with accounting, it can be said that the salary of financial management is higher than that of accounting. In enterprises, there are more accounting talents, and enterprises require more when making choices. If the company lacks a financial analyst, then the first thing he needs to consider is to learn financial management talents.

    Compared with accounting talents, the scope of employment of financial management talents is relatively wide, and the required ability is not too high, which is suitable for people to choose employment.

    However, in terms of learning difficulty, financial management is about thinking, and accounting is about practice, and the learning aspects of the two are different, but the difficulty is similar. Aside from the employment aspect, there are not many advantages and disadvantages between the two.

  2. Anonymous users2024-02-07

    The main difference between financial management and accounting is the degree of involvement in the management of the business. In terms of advantages and disadvantages, I personally believe that financial management has better development prospects, while accounting has a relatively simple upward path. <>

    1. DifferencesAccountants are only the recorders of the financial information of the company, but the use of this information is also very limited. Financial management can apply the financial data of the enterprise to the development of the enterprise

    Traditional accounting is only responsible for recording the various business activities of the enterprise in the unique language of accounting, and does not conduct a deeper analysis of the valuable data of the enterprise; There is no involvement in the actual operation of the enterprise.

    Financial management is to use various raw data of accounting records in the development of enterprises to provide better strategic choices for the development of enterprises. The main work of financial management is to achieve the development goals of the enterprise and optimize the allocation of resources under the existing situation. In order to enable the enterprise to maximize the value in the case of existing funds.

    Financial management is also the most important part of enterprise management, and it also points out the direction for the development of enterprises. <>

    2. Advantages and disadvantagesI personally think that the career prospects of financial management will be better than that of accounting.

    In fact, from the perspective of accounting and financial management, it is basically the same as the need to understand the general development law of the enterprise and carry out accounting at the same time.

    The study of economics and management and other disciplines. It's just that they differ in their emphasis. <>

    On the basis of learning the basic accounting treatment of enterprises, accountants should also have a deeper understanding of the intractable diseases of enterprise financial processing. Accounting is to solve the problem of handling all the accounting work of the enterprise. And financial management can understand the basic financial processing of the enterprise.

    The focus of financial management is on the cash flow of the business.

    management. Financial management should grasp the ** and whereabouts of the company's cash. At the same time, financial management should also know how to solve the cash shortage at different stages of the enterprise.

    As a result, accounting can see the future at a glance. And the upward path of financial management is endless.

  3. Anonymous users2024-02-06

    First of all, financial management includes accounting, and the advantage of financial management is that you can learn accounting knowledge, and secondly, you will have a systematic understanding of finance in enterprise management. The disadvantage of accounting is that the knowledge of management may not be as comprehensive as that of financial management. The disadvantage of financial management is that many people's financial management cognition is basically vague, and they may even think that financial management and accounting are the same.

    However, when financial management students and accounting students interview for the same unit at the same time, most companies may value practical experience. But just out of school, everyone starts from the basics, as long as you plan your goals and directions, work hard, and make your major your own competitive advantage, wouldn't it be better?

  4. Anonymous users2024-02-05

    In the case of financial management, its focus is on management, which is a major set up for management posts, so in the case of accounting, its main focus is to do accounts and make overall accounts.

  5. Anonymous users2024-02-04

    The main job of accounting is to complete all the accounts of the month in a timely and accurate manner every month, and accurately confirm the costs, expenses and income belonging to the month, so that the generated statements can be accurate enough. The main work of financial management workers is to analyze the statements, analyze the asset-liability ratio, analyze the company's asset structure, liability structure, profit margin, cash flow is sufficient, which aspects can save costs, reduce costs, how to ensure the stability of the company's cash flow and other management work, and provide financial professional advice for decision-makers, which is the difference between financial management and accounting.

  6. Anonymous users2024-02-03

    How to say that there must be a difference, but accounting is in charge of money, financial management is in charge of accounting, they are actually similar, financial management is more than accounting to learn management, the main content is more focused on financial analysis, multi-company financial situation analysis. Accounting is a relatively rigid job, and it is even more popular if you understand that data management can help enterprises achieve better results.

  7. Anonymous users2024-02-02

    The financial management score is low, the accounting score is high, and the things in the undergraduate department are about the same.

  8. Anonymous users2024-02-01

    The main differences between financial accounting and management accounting are: different work focuses, different timeliness of material concessions, and different principles and standards followed.

    1. The focus of work is different.

    The focus of financial accounting is on the regular preparation of financial statements based on the daily business records, the registration of account books, and the preparation of relevant financial statements on a regular basis. Its specific objective is primarily to provide financial reporting information externally.

    Management accounting focuses on the analysis and research of specific problems encountered in the operation and management of enterprises, so as to provide the information required for decision-making and control assessment to managers at all levels within the enterprise, and its specific objectives are mainly to serve the internal management of the enterprise.

    2. The duration of action is different.

    The role of financial accounting is mainly to reflect the past, whether from the emphasis on the principle of objectivity or the adherence to the principle of historical cost, it can be proved that it can only reflect the economic transactions that have actually occurred in the past.

    The role of management accounting is not limited to analyzing the past, but also to actively use the data of financial accounting to plan for the future, and at the same time control the present, so as to span the past, present, and future.

    3. The principles and standards to be followed are different.

    The financial accounting work must strictly abide by the "Accounting Standards for Business Enterprises" and the unified accounting system of the industry, so as to ensure the consistency of the financial information statements provided in time and the comparability in space.

    Management accounting is not completely restricted and strictly constrained by the "Accounting Standards for Business Enterprises" and the unified accounting system of the industry, and can flexibly apply modern management theories as guidance in its work.

  9. Anonymous users2024-01-31

    1.Different concepts. Finance is the decision-making system for asset purchase, investment, financing, and management under a certain overall goal.

    And the currency of accounting is the main unit of measurement, the use of specific methods, the completion of the unit's economic activities, continuous, systematic accounting and supervision, through the identification, measurement, recording and reporting of transactions or events, and providing information about the unit's financial status, operating results and cash flow and other economic management activities.

    2.Different features. The basic duties of an accountant are accounting and supervision. The basic functions of finance are decision-making, planning and control, with an emphasis on the organization, use and management of funds.

    3.Accounting is the creator of information, and financial management is the user of information.

    4.From the perspective of university majors, financial management is either a direction of the accounting major, or it is independent of the accounting major, or it is independent of the finance major.

  10. Anonymous users2024-01-30

    Accounting is the measurement and reporting of economic operations, while financial management is based on accounting, emphasizing the use of funds in business activities, financing activities, investment activities, and distribution activities.

    The destruction and return plan is mainly in the form of funds, reflecting the business activities of the enterprise, and participating in supervision and decision-making, and accounting after the fact, we usually call this kind of accounting account.

    When the accountant is making accounts, he will make the company's invoices and other vouchers into accounting vouchers, and then register them and make statements.

    Financial management is mainly the use of knowledge management, skills, etc., through the raising and distribution of funds and management activities, in fact, is the management of ex-ante, such as fundraising, investment and other planning management.

    In the company, the work content of the accountant is basically accounting bookkeeping, and the financial management is basically the middle and senior management of the company's management.

    Financial and material management is a part of accounting, generally in universities, and there is a major in financial management in the Department of Accounting, of course, the content of learning is similar to accounting.

    Financial management and accounting, on the other hand, are different in terms of concept, function, basis, time horizon, purpose and conclusion, factors affecting results, classification, etc.

    Financial management focuses on the use, organization and management of funds, focusing on "management". Accounting mainly focuses on the response and supervision of funds, focusing on "calculation".

  11. Anonymous users2024-01-29

    The differences between comparing financial accounting and management accounting are as follows:

    1. There is a difference in the content of responsibility:

    Management fiber lease infiltration accounting is the management of the economic activities of enterprises, including planning decision-making, control and performance evaluation. Financial accounting is the recording and accounting of the funds of business activities, including the accounting of assets, liabilities, owners' equity, income, expenses and profits.

    2. There are differences in the objects of analyzing the spine:

    Management accounting is the decision-making, control, analysis and evaluation of the future business activities of an enterprise. Financial accounting is the accounting confirmation, measurement, recording and summary reporting of the existing funds of an enterprise.

    3. There are differences in the objects of service:

    Management accounting is mainly to provide management information for effective operation and optimal decision-making for managers at all levels within the enterprise, so as to improve the management efficiency of the enterprise. Financial accounting focuses on the services provided to the company's investors and external related institutions, and reflects the changes in the company's financial data through the preparation of financial statements.

    Financial accounting refers to the economic management activities carried out with the main goal of providing economic information such as the financial status and profitability of the enterprise to external investors, creditors and relevant departments who have economic interests in the enterprise through comprehensive and systematic accounting and supervision of the capital movement that has been completed by the enterprise.

    Management accounting is a branch of enterprise accounting that is separated from the traditional accounting system, alongside financial accounting, and focuses on making optimal decisions, improving operation and management, and improving economic efficiency.

  12. Anonymous users2024-01-28

    <> management system is different.

    Both administrative and public institutions are under the highest level of management. Such as: ***, provinces, cities, counties and districts at all levels, etc. Most of the enterprises are self-reliant, and there are almost no "competent leaders or superior departments" (except for state-owned enterprises and industry associations).

    Accounting regulations are different.

    Administrative and public institutions must carry out accounting and financial management in accordance with the "Accounting System for Administrative Units," the "Financial Rules for Administrative Units," the "Accounting Standards for Public Institutions," and the "Financial Rules for Public Institutions." Enterprises must carry out accounting and financial management in accordance with the Accounting Standards for Business Enterprises, the General Principles of Finance for Business Enterprises, the Accounting Standards for Small Enterprises and relevant supplementary provisions.

    The accounting method is different.

    Most of the administrative and public institutions use the unified financial software system of the financial intranet to do accounts; Enterprises can choose a variety of financial software suitable for their own characteristics, such as: UFIDA, Kingdee, Xunda, Olin Island and Little Bee, etc., or still choose manual bookkeeping.

    There are many types of work for financial management personnel, and their professional titles, positions, and working years are also different, so the salary amount of financial management personnel is also different. The salary amount of cashier, bookkeeper, reviewer, accountant, auditor, and financial director is different; The salaries of accountants, assistant accountants, accountants, and certified public accountants are also different, and the salary amounts of those who have been engaged in financial management for one or two years and those who have been engaged in financial management for twenty or thirty years are also different. To sum up, the monthly income of financial managers ranges from 3,000 yuan to 20,000 yuan, which is not much different from the salary level of accountants.

    The amount of your salary depends mainly on your job title, job title, and the size of your organization.

    Graduates majoring in financial management who have certain professional knowledge and work ability are expected to have good employment prospects in the future. The jobs that can be engaged in by sedan car graduates are: accounting, financial accounting, financial manager, cashier, accounting supervisor, finance manager, auditor, cashier, chief accountant and so on.

    If graduates can get certified public accountants, then the future is even more limitless.

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