Question: Finance vs. accounting Do you know the difference between finance and accounting? If not, don't feel badthey're closely interrelated and even overlap in some areas.

Finance vs. accounting

Do you know the difference between finance and accounting? If not, don't feel badthey're closely interrelated and even overlap in some areas. Telling the difference can become even more confusing in small businesses where a few employees (or even just one!) are responsible for the whole company's finance and accounting activities. However, there are several key differences between the finance and accounting functions.

Complete the matrix below.

Business Function Accounting Finance
Similarities

1. example: both deal with money

2.

3.

1. example: both deal with money

2.

3.

Differences

1. example: focus in past financial activities

2.

3.

1. example: focus on future planning, investment, and resource allocation

2.

3.

just give me the answer of similarities of finance

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