Accounting vs Finance
While accounting and finance may go together, there are key differences: accounting focuses the flow of money and out of a company or family, while finance is a more broad term that describes how one manages asset and liabilities. Whether you are considering different college majors or thinking about who to hire to help you manage your own finances, it is important to understand exactly what the two fields are and what specialists in each do. To find someone to help with your own money, consider using Smart Asset’s free financial advisor matching tool.
The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.
