LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Finance vs, accounts

CA Pooja Agarwal (Chartered Accountant) (3228 Points)

21 September 2012

What is the difference between finance and accounts

Reply
Follow
Share

42 Replies

Deepak Bhagtani (Learner) (462 Points)
Replied 21 September 2012

Accounting is the Part of Finance. Accounting is generally considered as Recording and Managing the Accounts. Where as Finance refers to every thing that exists as a part of Money and Business......

Accounting is much Smaller term than Finance.

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 21 September 2012

THANKS BHAGTANI...

BUT I WANTED A BETTER ANSWER

1 Like

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)
Replied 21 September 2012

ACCOUNTING= BOOK KEEPING.....RECORDING TRANSACTIONS OF THE ORGANISATIONS....AND ALL

THAT.

FINANCE - IT IS THE SCIENCE OF MANAGING FUNDS THROUGHT OUT THE ORGANIZATION.......FROM

THE SOURCES OF FUNDS TO USES OF FUNDS ...IT INCLUDES EVERYTHING..

ACCOUNTING IS A PART OF FINANCE...

1 Like

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)
Replied 21 September 2012

Originally posted by : pooja
	THANKS BHAGTANI... BUT I WANTED A BETTER ANSWER

I THINK HE HAS USED THE SIMPLE TERM TO EXPLAIN....AND IN STRAIGHT WAY IT WAS A GOOD ONE.........TO THE POINT ANSWER....

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 21 September 2012

CAN SOMEONE COME UP WITH BETTER AND CREATIVE ANSWER ..NOT GOOGLED

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)
Replied 21 September 2012

Originally posted by : pooja
	CAN SOMEONE COME UP WITH BETTER AND CREATIVE ANSWER ..NOT GOOGLED

IT WASNT A GOOGLE ANSWER....AND U DONT GET SUCH DEFINITION IN ANY GOOGLE RESULTS..............GOOGLE ANSWER LOLZ...

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 21 September 2012

WELL I NEVER SAID YOU GOOGLED IT

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 21 September 2012

see my motive is somethng else..

this question is a very basic interview question

i need a very creative type of answer which can create a damn impression on the interviewer..both of your answers are correct but not out of box kind

pls try to undrstand.. i never meant to undermine your efforts

1 Like

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)
Replied 21 September 2012

U MENTIONED THAT .....NOT GOOGLED........

ITS A LANGUAGE ......THERE ARE MANY INTERPRETATIONS OF A INCOMPLETE SENTENCE....

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 21 September 2012

ramesh babu.....chill...nothing to take so personal

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)
Replied 21 September 2012

U JUST TELL ME WHETHER U NEED A BOOKIST ANSWER OR A PRACTICAL ANSWER.....

AS FAR AS BOOKIST ANSWER IS CONCERNED ......U CAN FIND IT ON GOOGLE....

BUT THE PRACTICAL ONE .......U ALREADY GOT

YEAH U CANT ANSWER THE INTERVIEWER IN THAT WAY......SO U HAVE TO GO FOR A BOOKIST LANGUAGE.....

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)
Replied 21 September 2012

Originally posted by : pooja
	ramesh babu.....chill...nothing to take so personal

M CHILL BUT U KNOW......EK TO ITNA SOCH KAR LIKHA THA ....PHIR AAP YE LIKHTE HO KI NOT GOOGLED....SAHI MAIN DIMAAG KHARAB HO GAYA....AND ALL THAT....

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 21 September 2012

you know what would my answer be " finance starts where accounting ends..where accounts is only clerical, finance is purely intellectual..accounts is remaining inside the box,finance is thinking out of the box"

accounts is the language which business speaks,it shows whre the business stands,,on the other hand finance is decision making,it shows whre the business can stand

1 Like