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The confusing war between financial accounting and management has been going on from the time when finance became an important subject in a student’s academic life. You may have faced the puzzling scenario when you have mistakenly switched the terminologies or provided inappropriate information in your previous examination or assignment. If such instances are your constant companion, we can give you a change of one with our financial management Vs financial accounting homework help service.
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What is financial management?
The application of general management principles which is used by a company regarding its financial resources is known as financial management. If stated in simplified terminology, it revolves around 4 aspects.
- Planning
- Systematic arrangement
- Directing
- Controlling
What is financial accounting?
The branch of accounting which follows the process of summarization, keeping track and reporting of financial transactions is known as financial accounting. Using proper guidelines, financial statements are prepared for these transactions.
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