What is the difference between Accounting and Financial Accounting? - ProProfs Discuss
Advertisement

What is the difference between Accounting and Financial Accounting?

Asked by Lysa , Last updated: Jun 17, 2022

+ Answer
Request
Question menu
Vote up Vote down

1 Answer

J. Rogers

J. Rogers

Who deals with teeth problems and fix them

J. Rogers
J. Rogers, Rosshazlewood, MA, Birmingham

Answered Jul 10, 2020

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.

A lot of people may feel that accounting and financial accounting are the same, but actually, there
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.

upvote downvote
Reply 

Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader

Email Sent
We have sent an email to your address "" with instructions to reset your password.