1-1 Accounting vs. Finance

Finance focuses on the ​ (a)   of the assets, ​ (b)   , and ​ (c)   flow of an organization, financial ​ (d)   like ROI or ROE, and the financial ​ (e)   of future growth.

• management
• liabilities
• cash
• analysis
• planning

What does ROI mean in finance? (a)  

What does ROE mean in finance? (a)  

Accounting and finance is one of the six primary business functions. What are the other five?

Answer explanation

1. 1. Human Resources

2. 2. Strategy

3. 3. Information Management

4. 4. Operations

5. 5. Marketing

Match the description with Accounting or Finance.

• More Strategic!

• Finance is

• Flow of transactions and money.

• Financial Professionals

• involved in the day-to-day transactions.

• Accountants

• Analyze Financial Reports!

• Accounting is

• Create Financial Reports!

• Accountants report

Tags

Accounting vs. Finance

(a)   create financial reports.

Accountants manage the flow of cash and manage risk.

• True

• False

Answer explanation

Finance professionals manage the flow of cash

and manage risk.

Think of accounting as the process of folding your clothes and (a)   them in their proper drawers.

Finance is like a ​ (a)   about ​ (b)   for the day and making decisions around getting ​ (c)   and or​ (d)   ones.

• Accounting
• decision
• what to wear
• rid of old clothes
• buying new
• decisions

Accounting is about (a)   activities.