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Funding a business
Is There Any Difference Between Financial Administration And Financial Accounting?
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[QUOTE="Suba, post: 263753, member: 3658"] Of course, there are many differences between Financial Administration and Financial Accounting both in terms of meaning, function and purpose. Financial Administration includes the management and control of all activities closely related to the use of funds, from planning, accountability, regulation and financial control. So the main purpose of financial administration is to process and manage finances so that they can run according to company rules. While the role of financial accounting is to present spatial reports in accordance with accounting principles applicable in a country. Starting from recording transactions, preparing journals, trial balances, and financial statements (although currently there are many accounting applications) that will be useful for internal and external purposes. [/QUOTE]
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Is There Any Difference Between Financial Administration And Financial Accounting?
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