Relationship between Accounting and Finance?
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Accounting is money on paper.\nFinance is real money.
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Yes, finance.Take private equity course too.  Tons of money in private equity...
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There is a wonderful introductory course on financial accounting on this site.\n\nhttp://www.futureaccountant.com/accounting-process/\n\ntry the online-classes it is ... free
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Far too complex a subject to be dealt with here.  Some folks devote their careers to it. It requires a good understanding of both accounting theory and income taxes.\n\nEssentially, deferred tax represents the anticipated tax consequences of timing differences between financial accounting and income tax accounting.
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The accountant is charged with providing timely, accurate information to management and shareholders in order to facilitate decisions to better the performance of the entity.\n\nFrom Payroll, Accounts Payable, Accounts Receivable and General ledger maintenance.  \n\nInformation from these are used to create financial statements such as Income statements, Balance sheets and Cash flows.
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In computerised accounting everything from journal to preparation of final accounts is done automatically. you can get some financial analysis also. There is more accuracy and speed in computerised accounting than manual accounting...a book keeper need not know everything about accouting to use accounting software...with little accounting knowledge he can do his job efficiently ...the burden for accountant is also reduced...he need not prepare financial reports and  his job function is limited to analysis only... \n\nIn manual accounting the whole burden of preparation of financial reports and analysis lies on the accountant.\n\nhttp://www.futureaccountant.com/\nhttp://www.schoolingkids.com
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Definitions of accounting on the Web:\n\n    * a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"\n    * a system that provides quantitative information about finances\n    * accountancy: the occupation of maintaining and auditing records and preparing financial reports for a business\n    * a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts\n    * account: a statement of recent transactions and the resulting balance; "they send me an accounting every month"\n      wordnet.princeton.edu/perl/webwn\n\n    * Accountancy (British English) or accounting (American English) is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Auditing, a related but separate discipline, is the process of an independent review of financial statements in order to express an opinion as to the fairness and adherence to generally accepted accounting principles.\n      en.wikipedia.org/wiki/Accounting\n\n    * The overall process of identifying, measuring, recording, interpreting, and communicating the results of economic activity; tracking business income and expenses and using these numbers to answer specific questions about the financial and tax status of the business.\n      www.theaccountspayablenetwork.com/html/modules.php\n\n    * A service activity designed to accumulate, measure, and communicate financial information about economic entities for decision-making purposes.\n      www.finet.com.hk/accounting/a.htm\n\n    * The systematic recording, reporting, and analysis of financial transactions of a business.\n      www.unisys.com/common/investors/glossary/\n\n    * A comprehensive system for recording and summarizing business transactions.\n      www.extension.iastate.edu/agdm/wholefarm/html/c1-05.html\n\n    * The act of collecting information on resource usage for the purpose of capacity and trend analysis, cost allocation, auditing and billing. Accounting management requires that resource consumption be measured, rated, assigned, and communicated between appropriate parties. Typical information that is gathered in accounting is the identity of the user, the nature of the service delivered, when the service began, and when it ended.\n      tiefighter.et.tudelft.nl/~arthur/aaa/aaaterms.html\n\n    * The recording, classifying, summarizing, and interpreting in a significant manner and in terms of money, transactions, and events of a financial character.\n      www.business.gov/phases/launching/are_you_ready/glossary.html\n\n    * Accounting arrangement between operators concerning the declaration of accounts in Traditional Switched Transit. In Direct accounting, the operator originating the traffic sends each of the intervening operators a separate declaration and the payments due to them.\n      www.opentransit.francetelecom.com/m_tool_box/m02_glossary/m02_glossary_voice.asp\n\n    * The process of systematically recording, classifying, verifying and summarizing business transactions, and presenting this information in periodic, interpretative financial statements and reports.\n      www.ncbuy.com/credit/glossary.html\n\n    * 2003, vol. 13, issue 1, pages 69-81\n      econpapers.repec.org/article/tafacbsfi/v_3A13_3Ay_3A2003_3Ai_3A1_3Ap_3A69-81.htm\n\n    * The systematic recording, presentation and interpretation of the financial facts of an enterprise in such a manner as to permit effective management and provide the required information.\n      www.gov.nt.ca/FMBS/documents/FAMWeb/glossary.htm\n\n    * Recording information about finances in an accountable way.\n      osraids.org/index.php\n\n    * In information technology, accounting is the process of keeping track of a user's activity while accessing a network's resources, including the amount of time spent in the network, the services accessed while there and t
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try this site to get help in accounting\n\nhttp://www.futureaccountant.com/
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http://www.aicpa.org/pubs/jofa/jul1999/financial_accounting.htm
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The first thing to note is that the answer to which is more interesting is completely subjective. If you took a random survey, my guess would be that more people would answer finance rather than accounting - but the bean-counter stereotype of accountants is rapidly changing with the hype generated by Worldcom, Enron, and the Sarbanes Oxley (SOX) Act.\n\nPublic accounting is a mighty interesting place to be, my recommendation would be take Intermediate Accounting - that's what will determine whether you can stand accounting. Nonetheless, auditing is a great springboard into anything in the business world.
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learn the basic concepts of accounting from this site... \nthere is a wonderful introductory notes...\n\nhttp://www.futureaccountant.com/accounting-process/
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Accounting is the principles behind and the process of tracking the resources of a company to provide management information to the company and its stakeholders.\n\nThat's the one sentence answer. \n\nFor the rest, you can have a look at the CPA site, it was written by Uni Graduates, so it takes about 3 pages to say the same thing
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Accounting is super power!!!!\n\ncheck here to know why\n\nhttp://futureaccountant.com/forum/index.php/topic,4.0.html
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The term finance may thus incorporate any of the following:\n\n1.The study of money and other assets \n2.The management and control of those assets \n3.Profiling and managing project risks \n4.As a verb, "to finance" is to provide funds for business.
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Study of Management includes the study of finance, accounting, marketing, organizational behavior, economics pretty much everything that's involved in business.  Marketing and Finance rely more heavily on their respective disciplines.  As a Finance major, you won't be studying much Marketing and vice versa.
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Accounting software supports a business by ensuring that the financial aspects of the business, including financial auditing, invoicing, tax returns and payroll are dealt with. By doing this, the business is able to function in a financially productive way.
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People can go on and on about the differences, but basically:\n\n1.  Accountants deal mostly with the financial operations fo the company.  Things like paying the bills, keeping records of the assets of the company, and preparing the financial statements.\n\n2.  Auditors on the other hand mostly check the work of the accountants to make sure they are doing things corectly.\n\nThis is not meant as a slight to accountants, but their work is typically very repititious and can be limited.  This allows people without a complete picture of the accounting processs to work and be productive.  For example, a person can be an accountant and very good at processing payroll every week.  But if you put that same person in a fixed assets or accounts payable section they may be totally lost.\nAn auditor on the other hand an auditor should be able to switch from one part of a company's financial or accounting department to another and understand how it should work.  The auditor should also be able to review the work of those accountants to form an opinion as to whether the accountants work fairly reflects the results of the business.