The 1st thing Finance and Accounting Proffesionals should knw wat is the diff between Accounting and Finance ..
Accounting is the preparation of accounting records. This includes measuring, preparation, analyzing, and the interpretation of financial statements. Accounting is the detailed record of a particular asset, liability, owners' equity, revenue or expense.
FINANCIAL ACCOUNTING is the area of accounting concerned with reporting financial information to interested external parties.The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.
