‫الفرق بين المحاسبة والمالية‬:‫المقطع األول‬

Sequence One: Difference between accounting and finance

Read the passage then do the activities.

The difference between finance and accounting is that accounting focuses on the
day-to-day flow of money in and out of a company or institution, whereas finance is a
broader term for the management of assets and liabilities and the planning of future
growth.

If you want to exercise high-level control over a company’s strategy, finance could be
for you. If you want to take a detailed look at a company’s books you’re probably
more interested in accounting. It’s often said that accounting looks back to a
company’s past financial transactions, whereas finance looks forward to plan future
acquisition of assets.

Accounting is more about accurate reporting of what has already happened and
compliance with laws and standards. Finance is about looking forward and growing a
pot of money or mitigating losses. If you like thinking in terms of a longer time horizon
you may be happier in finance than in accounting.

If you want to study accounting you can expect to take classes in accounting
practices and accounting ethics, business law, tax law and accounting theory. If you
study finance you’ll likely spend some time on macroeconomics and international
finance in your classes, as well as on financial engineering and corporate finance.