Finance and financial management can be defined as the study of money, capital assets, and currency. It is also a broader term that includes economics, which is the study of production, distribution, and consumption.
Accounting vs financial management
Accounting and financial management are both important aspects of any company’s finances. They are also critical to the survival of an organization. Financial management focuses on making smart decisions about incoming and outgoing funds. Finance is also about understanding how a company’s assets and liabilities can be used to mitigate losses.
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