Question 3 (1 point) One major difference in perspective and emphasis between finance and accounting is that accountants generally use the accrual method while in finance, the focus is on profits cash flows taxes Question 4 (1 point) Managerial finance involves tasks such as developing a financial plan or budget, extending credit to customers, and evaluating proposed large expenditures involves the design and delivery of advice and financial products recognizes funds on an accrual basis devotes the majority of its attention to the collection and presentation of financial data