ANSWERS: 2
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Accounting is about the past - where has the money gone to, who spent it, which budget did it come from etc. Finance is about the future: how do we get the money we need, how should we invest the money we have.
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The difference between finance and accounting is that accounting focuses on the everyday flow of money in and out while finance is a broader term for the management of material goods and liabilities and the development of future growth.
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