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by Anonymous on April 21st, 2008

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What are the major difference between accounting and finance with respect to emphasis on cash flows and decision making?

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  • by Yarnlady is happy every day on April 27th, 2008

    Yarnlady is happy every day

    Finance is the name given to all the transactions that have to do with the transfer of money for consideration.
    Any money transactions can be included.

    Accounting is the name given to the records that are kept of the transfer of money. Any financial transaction can be recorded, and the formal record of the transaction is accounting.

    Cash flows would be shown by the accounting records, and the decisions made according to the information provided would be up to the business owners.

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