Accounting and Financial Management Assignment Help
The activity of Accounting is limited to reporting and making a summary of financial transactions in favour of users located both externally and internally , whereas financial management deals with planning, monitoring , directing, organizing and controlling of resources of the transactions taking place in an organization.
It may be mentioned that both Accounting vs Financial Management are equally popular in the market. While writing on an assignment related to Accounting and financial management ,Some of the major issues need to be incorporated as discussed below :
- Accounting deals more about identifying, processing, estimating , classifying and recording of financial transactions of the organisation. Whereas financial management take care of the effective and efficient management of the resources related to finances and economic resources
- The prime objective of accounting is to arrange financial information using standard procedures and rules on the other hand.The objective of financial management is to maximise profit and wealth.
- Accounting take care of the financial data to both internal and external users namely, as creditors, analyst, Investors, rules and regulations , management, and regulatory body. Whereas financial management deals internally by the management of the business sector for planning and decision making.
- Accounting is of three categories viz. financial accounting, management accounting and cost accounting. On the other hand, financial management consider the process with financial planning as well as budgeting, accounts record keeping, financial reporting and financial controls.
- Accounting take care of reporting the past financial transactions in a meaningful format of financial statements whereas financial management involves future planning by analysing and interpretation of financial reports.
- Accounting presents the financial status of the Company whereas financial management provides a holistic view of the business activities and allocate insight into the future wealth generation.
- In the case of accounting, estimation of fund is based on accrued basis whereas treatment of funds is based on cash flows basis in financial management.
- The goal of accounting is in collection and presentation of data in a meaningful way whereas financial manager utilise this data for the purpose of financial decision making.
Best Accounting And Finance Management Assignment Services in MBA
In above prospective while writing on Accounting vs Financial Management paper, we have observed both Accounting vs Financial management have taken a crucial role in all type of organization. The activity of Accounting is desired input for the financial managerial function of any kind of businesses. Superior financial management is very important for the effectiveness of utilization of economic resources owned by the organization. The rules of Accounting limits the reports and summary of financial transactions for the use of external and internal agencies , whereas financial management is about planning, directing, monitoring, organizing and controlling of the monetary resources of an organization to achieve the objectives. Every person or business gets involved in some kind of economic activity. Accounting and Financial management are related to such extent that accounting becomes an important input in decision making. Still, they are not identical and may differ in the treatment of funds. Accounting involves preparation and examining old financial records whereas, financial management is related to planning to achieve its various financial parameters.
Add up the advantages between Accounting and financing
These are two areas of expertise, one serious career edge acquire the expertise to analyse financial information and take a leadership role in any business. Program of such strength covers the following :
- business analytics,
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We offer a rich learning environment where you can develop professional competencies both inside and outside the classroom. Extend your learning through co-op work terms, extracurricular activities, and a host of other experiential opportunities.
When you become a graduate in general , you will advance your career, not very easily ! Your degree in Accounting and Financial Management (AFM) place you much higher up for success. You’ll be able to analyse, interpret, and communicate the information that drives business decisions.
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As an AFM or Accounting and Financial Management student, someone’s four co-op work terms can lead him to wider areas within the zone of accounting. Applying classroom learning practice to his work may helped him to focus his program towards his desired career path instead of become a varsity baseball athlete. The following are the ways and means how one can get his CPA degree faster as a reputed MBA school student than if he were at less reputed school.
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Reputed B-School of Accounting and Finance acquire the highest level of national accreditation through reputed A plus institution.
If you want to upgrade your qualification even further higher with a CPA or a Chartered Professional Accountant , CFA ie. Chartered Financial Analyst , or CBV ie. Chartered Business Valuator designation, your degree gets it quicker.
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Accounting and Financial Management Assignment Help
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