Accounting and finance play an essential role in the management of any business companies operate on money and if you dont control that money you dont control your business. Definition of accounting and finance a common misnomer is the idea that accounting and finance are the same thing but in reality accounting and finance are two separate process in business. The benefits of completing a course in finance and accounting are myriad by understanding how finance and accounting work you are more able to make financial decisions for yourself and others this course also lays the framework for many higher degrees in accounting finance and business the cost of this course as with any course varies. Overview of key elements of the business business stakeholders internal and external accountants typically work in one of two major fields management accounting which helps you keep your business running or financial accounting which tells you how well youre running it. Financial accounting is the area of accounting concerned with external parties interested in the business firm financial statements for example are produced for the benefit of the external investors
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