FINANCE vs ACCOUNTING

Tacettin İKİZ · March 07, 2025, 11:07:07 PM

FINANCE vs ACCOUNTING

	FINANCE	ACCOUNTING
FOCUS	FOCUS
Managing money and planning for growth.	Recording and reporting financial transactions.
SCOPE	SCOPE
Budgeting, forecasting, and investments.	Bookkeeping, tax compliance, and audits.
TIMEFRAME	TIMEFRAME
Future-oriented (strategy & planning).	Past-focused (tracking & reporting).
DECISIONS	DECISIONS
Helps businesses grow and optimize finances.	Ensures accuracy and compliance.
USERS	USERS
Business owners, CFOs, and investors.	Accountants, auditors, and regulators.
KEY OUTPUTS	KEY OUTPUTS
Financial models, forecasts, and budgets.	Balance sheets, income, and cash flow statements.
REGULATIONS	REGULATIONS
Fewer legal requirements.	Strict compliance with tax and accounting laws.

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