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? __________

What does ROE mean in finance? __________

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.

• Analyze Financial Reports!

• Accountants report

• Flow of transactions and money.

• Financial Professionals

• More Strategic!

• Accounting is

• involved in the day-to-day transactions.

• Finance is

• Create Financial Reports!

• Accountants

Tags

Accounting vs. Finance

_________________________ 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 ___________ 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 ___________ activities.