Accounting and finance are both forms of managing money of a business, however, they are not the same, as they differ in more points of view. First of all, accounting could be defined as the preparation of accounting records, while finance is about efficient and productive management of assets based on existing information. As for the purposes, it aims to measure, analyze and interpret the financial statements, as well as to collect and present financial information, while finance relates to decision making regarding to working capital issues, like cash holding, financial strategy, managing and controlling cash-flow and so on. In terms of goals, accounting aims to see how the company performs and to monitor accounting operations regularly. Finance, on the other hand, aims to forecast the future performance of a business. Concerning the tools, in case of account, they include, for instance, balance sheets, profit and loss ledgers or cash flow statements.
