What is the difference between Accounting and Financial Accounting?

A lot of people may feel that accounting and financial accounting are the same, but actually, there are some differences that you should know. When you say accounting, you are focused on the day to day flow of the money that the company will get.

When you say financial accounting, this would also involve making some predictions on the possible money that you can get when you do some things that are related to finance. There are instances when people say that accounting means that you are dealing with money that may have been used up or received in the past, while financial accounting will deal with the things that will happen in the future.