Finance is a field that is concerned with the allocation of assets and liabilities over space and time, often under conditions of risk or uncertainty. finance is very important for any business for smooth flow of all business activities.
Accounting is very important for recording the financial transactions in a business. Without the help of accounting, companies cannot display the financial health of their business to their stakeholders. Accounting is pivotal for various aspects and plays a crucial role in preparing the compiled financial statements.
Different work related to this field are like Prepare monthly statements by collecting data; summarizing data, information, and trends, Prepares state quarterly and annual statements by assembling data, Providing financial advice by studying operational issues; applying financial principles and practices; developing recommendations.
Different levels of accountants in the corporate hierarchy can be referred to as bookkeepers, accountants, junior accountants, staff accountants, senior accountants, accounting supervisors etc.
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