Finance Accounting and Management

Finance:

DEFINITION of 'Finance' The science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities.

DEFINITION of 'Financing' The act of providing funds for business activities, making purchases or investing. 


Accounting:

http://www.accountingcoach.com/

Practice and body of knowledge concerned primarily with

1. methods for recording transactions,
2. keeping financial records,
3. performing internal audits,
4. reporting and analyzing financial informationto the management and
5. advising on taxation matters.

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.

Accounting provides information on the

1. resources available to a firm,
2. the means employed to finance those resources, and
3. the results achieved through their use.

Read more: http://www.businessdictionary.com/definition/accounting.html#ixzz3nb3VxyV3



Management:

http://managementstudyguide.com/

The organization and coordination of the activities of a business in order to achieve defined objectives.

: the act or skill of controlling and making decisions about a business, department, sports team, etc.

: the people who make decisions about a business, department, sports team, etc.

: the act or process of deciding how to use something